The role of unconventional monetary policy
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Title
The role of unconventional monetary policyAuthor (s)
Tutor/Supervisor; University.Department
Orts Ríos, Vicente; Universitat Jaume I. Departament d'EconomiaDate
2020-06-08Publisher
Universitat Jaume IAbstract
In recent years, central banks have used unconventional monetary policies to
overcome the limitations imposed by the lower bound. In this work we review these
measures, with special attention to QE and forward ... [+]
In recent years, central banks have used unconventional monetary policies to
overcome the limitations imposed by the lower bound. In this work we review these
measures, with special attention to QE and forward guidance. These measures are
able to provide a greater stimulus than traditional monetary policies in the face of
short-term interest rate constraints. This means that, despite the fact that they started
out as exceptional and transitory, unconventional monetary policies have become part
of central banks’ standard tools to stimulate economic activity, achieve better financial
conditions and improve economic welfare. [-]
Subject
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2019-2020
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- Grau en Economia [292]
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