Monetary Policy (Bayoumi et al.)

Monetary policy in the new normal prepared by Tamim Bayoumi, Giovanni Dell’Ariccia, Karl Habermeier, Tommaso Mancini-Griffoli, Fabián Valencia, and an IMF Staff Team published by IMF (4/2014). “The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of turning unconventional policies into conventional ones…”

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