Monetary policy at the zero lower bound : the chilean experience
"The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced, but also diverse policy measures were implemented: purchases of a wide range of financial assets, lending to financial institutions, intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model, within which central banks control only a short-term interest rate, it is most important to understand how these policies have worked, and to what extent they were successful..."
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Language: | eng eng |
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Banco Central de Chile
2014
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Subjects: | POLITICA ECONOMICA, POLITICA MONETARIA, ECONOMIA CHILENA, |
Online Access: | https://repositorio.uca.edu.ar/handle/123456789/2363 |
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oai:ucacris:123456789-23632024-03-21T11:04:30Z Monetary policy at the zero lower bound : the chilean experience Céspedes, Luis Felipe García Cicco, Javier Saravia, Diego Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi" POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA "The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced, but also diverse policy measures were implemented: purchases of a wide range of financial assets, lending to financial institutions, intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model, within which central banks control only a short-term interest rate, it is most important to understand how these policies have worked, and to what extent they were successful..." 2019-05-13T17:13:00Z 2019-05-13T17:13:00Z 2014 Parte de libro Céspedes, L.F., García Cicco, J., Saravia, D. Monetary policy at the zero lower bound : the chilean experience [en línea]. En Bauducco, S., Christiano, L., Raddatz, C. (eds.). Macroeconomic and financial stability : challenges for monetary policy. Central banking, analysis and economic policies book series ; vol. 19, Santiago de Chile: Central Bank of Chile, 2014. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2363 https://repositorio.uca.edu.ar/handle/123456789/2363 eng eng Acceso Abierto https://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Chile Banco Central de Chile Céspedes, L.F., García Cicco, J., Saravia, D. Monetary policy at the zero lower bound : the chilean experience. En Bauducco, S., Christiano, L., Raddatz, C. (eds.). Macroeconomic and financial stability : challenges for monetary policy. Central banking, analysis and economic policies book series ; vol. 19, Santiago de Chile: Central Bank of Chile, 2014 |
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POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA |
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POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA Céspedes, Luis Felipe García Cicco, Javier Saravia, Diego Monetary policy at the zero lower bound : the chilean experience |
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"The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced, but also diverse policy measures were implemented: purchases of a wide range of financial assets, lending to financial institutions, intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model, within which central banks control only a short-term interest rate, it is most important to understand how these policies have worked, and to what extent they were successful..." |
author2 |
Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi" |
author_facet |
Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi" Céspedes, Luis Felipe García Cicco, Javier Saravia, Diego |
format |
Parte de libro |
topic_facet |
POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA |
author |
Céspedes, Luis Felipe García Cicco, Javier Saravia, Diego |
author_sort |
Céspedes, Luis Felipe |
title |
Monetary policy at the zero lower bound : the chilean experience |
title_short |
Monetary policy at the zero lower bound : the chilean experience |
title_full |
Monetary policy at the zero lower bound : the chilean experience |
title_fullStr |
Monetary policy at the zero lower bound : the chilean experience |
title_full_unstemmed |
Monetary policy at the zero lower bound : the chilean experience |
title_sort |
monetary policy at the zero lower bound : the chilean experience |
publisher |
Banco Central de Chile |
publishDate |
2014 |
url |
https://repositorio.uca.edu.ar/handle/123456789/2363 |
work_keys_str_mv |
AT cespedesluisfelipe monetarypolicyatthezerolowerboundthechileanexperience AT garciaciccojavier monetarypolicyatthezerolowerboundthechileanexperience AT saraviadiego monetarypolicyatthezerolowerboundthechileanexperience |
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1794795074150727680 |