MARC record from Internet Archive

LEADER: 03881cam 2200493Ii 4500
001 ocn959803008
003 OCoLC
005 20220613013145.0
008 160928s2016 sz a b 000 0 eng d
040 $aBTCTA$beng$erda$cBTCTA$dBDX$dGUL$dOCLCF$dYDX$dUCL$dTJC$dWRF$dOKX$dCEF$dFQG$dOCLCQ$dOCLCO
019 $a959535559
020 $a9780995470118
020 $a0995470111
035 $a(OCoLC)959803008$z(OCoLC)959535559
050 4 $aHG1811$b.B35 2016
082 04 $a332.1/1$223
100 1 $aBall, Laurence M.,$eauthor.
245 10 $aWhat else can central banks do? /$cLaurence Ball, Johns Hopkins University ; Joseph Gagnon, Peterson Institute for International Economics ; Patrick Honohan, Trinity College Dublin, CEPR and Peterson Institute for International Economics ; Signe Krogstrup, Peterson Institute for International Economics.
264 1 $aGeneva, Switzerland :$bInternational Center for Monetary and Banking Studies ;$aLondon :$bCEPR Press,$c[2016]
264 4 $c©2016
300 $axx, 110 pages :$billustrations (some color) ;$c25 cm.
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
490 1 $aGeneva reports on the world economy ;$v18
504 $aIncludes bibliographical references (pages 103-110).
520 $a"Central banks can do more to stimulate economies and restore full employment, even when nominal interest rates are near zero. Quantitative easing has had beneficial effects already and can be expanded; policymakers can push interest rates substantially below zero. Central banks can also increase their scope for countercyclical policy by raising their inflation targets modestly. Eventually, the trend toward cashless economies may eliminate completely the problems arising from the lower bound on interest rates. The 18th Geneva Report on the World Economy seeks to provide policymakers with a developed selection of stimulus methods in order to tackle secular stagnation in advanced economies. With most options having already been explored, the report contributes to current stimulus policies and how they can be expanded and implemented to greater effect"--Back cover.
505 0 $aIntroduction and summary -- The dangers of the lower bound. A look at recent history ; When will the constraint bind? a simple exercise ; Dynamic simulations -- How to ease monetary policy when rates hit zero. Negative interest rates ; Quantitative easing ; Helicopter money ; Forward guidance ; Beyond forward guidance: committing to higher future inflation ; Policy mix, interactions and financial stability -- Raising the inflation target. Benefits of raising the inflation target ; Costs of a higher inflation target ; Credibility and the inflation target ; How to implement a new target ; What about a price level target? -- Monetary policy in a post-cash economy. Markets are driving payments systems away from cash ; Monetary policy without cash ; Other policy aspects of post-cash economies -- Conclusions: so what should be done? -- Discussions. The Geneva Report: overview ; Three questions ; Lessons from the financial markets ; Lessons from policymakers.
650 0 $aBanks and banking, Central.
650 0 $aMonetary policy.
650 6 $aBanques centrales.
650 6 $aPolitique monétaire.
650 7 $aBanks and banking, Central.$2fast$0(OCoLC)fst00827036
650 7 $aMonetary policy.$2fast$0(OCoLC)fst01025230
700 1 $aGagnon, Joseph E.,$eauthor.
700 1 $aHonohan, Patrick,$eauthor.
700 1 $aKrogstrup, Signe,$eauthor.
830 0 $aGeneva reports on the world economy ;$v18.
938 $aBrodart$bBROD$n117788945
938 $aBaker and Taylor$bBTCP$nBK0019620125
938 $aYBP Library Services$bYANK$n13188948
029 1 $aAU@$b000060227885
994 $aZ0$bIME
948 $hNO HOLDINGS IN IME - 61 OTHER HOLDINGS