| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22735 |
| 来源ID | Working Paper 22735 |
| Necessity as the Mother of Invention: Monetary Policy after the Crisis | |
| Alan S. Blinder; Michael Ehrmann; Jakob de Haan; David-Jan Jansen | |
| 发表日期 | 2016-10-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys—one of central bank governors, the other of academic specialists. We find that central banks in crisis countries are more likely to have resorted to new policies, to have had discussions about mandates, and to have communicated more. But the thinking has changed more broadly—for instance, central banks in non-crisis countries also report having implemented macro-prudential measures. Overall, we expect central banks in the future to have broader mandates, use macro-prudential tools more widely, and communicate more actively than before the crisis. While there is no consensus yet about the usefulness of unconventional monetary policies, we expect most of them will remain in central banks’ toolkits, as governors who gain experience with a particular tool are more likely to assess that tool positively. Finally, the relationship between central banks and their governments might well have changed, with central banks “crossing the line” more often than in the past. |
| 主题 | Macroeconomics ; Monetary Policy |
| URL | https://www.nber.org/papers/w22735 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580409 |
| 推荐引用方式 GB/T 7714 | Alan S. Blinder,Michael Ehrmann,Jakob de Haan,et al. Necessity as the Mother of Invention: Monetary Policy after the Crisis. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22735.pdf（782KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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