Monetary policy in the grip of a pincer movement

Monetary policy has come under strain since the global financial crisis (GFC) of 2007–09. Once the GFC broke out central banks’ swift and determined response was essential to stabilise markets and to avoid a self-reinforcing downward spiral between the financial system and the real economy. But putt...

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Autores principales: Borio, Claudio, Disyatat, Piti, Juselius, Mikael, Rungcharoenkitkul, Phurichai
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3873
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spelling oai-20.500.12580-38732021-04-24T11:15:00Z Monetary policy in the grip of a pincer movement Borio, Claudio Disyatat, Piti Juselius, Mikael Rungcharoenkitkul, Phurichai POLÍTICA MONETARIA CRISIS FINANCIERA BANCOS CENTRALES Monetary policy has come under strain since the global financial crisis (GFC) of 2007–09. Once the GFC broke out central banks’ swift and determined response was essential to stabilise markets and to avoid a self-reinforcing downward spiral between the financial system and the real economy. But putting the economy back onto a robust balanced and sustainable path has proved much harder than expected. This has been so despite the adoption of extraordinary measures which would have been simply unthinkable just a few years back. 2019-11-01T00:08:36Z 2019-11-01T00:08:36Z 2019 Artículo 978-956-7421-60-2 https://hdl.handle.net/20.500.12580/3873 eng Series on Central Banking Analysis and Economic Policies no. 26 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 311-356 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic POLÍTICA MONETARIA
CRISIS FINANCIERA
BANCOS CENTRALES
spellingShingle POLÍTICA MONETARIA
CRISIS FINANCIERA
BANCOS CENTRALES
Borio, Claudio
Disyatat, Piti
Juselius, Mikael
Rungcharoenkitkul, Phurichai
Monetary policy in the grip of a pincer movement
description Monetary policy has come under strain since the global financial crisis (GFC) of 2007–09. Once the GFC broke out central banks’ swift and determined response was essential to stabilise markets and to avoid a self-reinforcing downward spiral between the financial system and the real economy. But putting the economy back onto a robust balanced and sustainable path has proved much harder than expected. This has been so despite the adoption of extraordinary measures which would have been simply unthinkable just a few years back.
format Artículo
author Borio, Claudio
Disyatat, Piti
Juselius, Mikael
Rungcharoenkitkul, Phurichai
author_facet Borio, Claudio
Disyatat, Piti
Juselius, Mikael
Rungcharoenkitkul, Phurichai
author_sort Borio, Claudio
title Monetary policy in the grip of a pincer movement
title_short Monetary policy in the grip of a pincer movement
title_full Monetary policy in the grip of a pincer movement
title_fullStr Monetary policy in the grip of a pincer movement
title_full_unstemmed Monetary policy in the grip of a pincer movement
title_sort monetary policy in the grip of a pincer movement
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3873
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