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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Banco Central de Chile
2019
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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 |
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Banco Central |
language |
eng |
topic |
POLÍTICA MONETARIA CRISIS FINANCIERA BANCOS CENTRALES |
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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 |
work_keys_str_mv |
AT borioclaudio monetarypolicyinthegripofapincermovement AT disyatatpiti monetarypolicyinthegripofapincermovement AT juseliusmikael monetarypolicyinthegripofapincermovement AT rungcharoenkitkulphurichai monetarypolicyinthegripofapincermovement |
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1718347069356244992 |