Asset purchases could bring benefits in ‘normal’ times – paper
IMF working paper discusses whether asset purchases should be added to standard central bank toolkit
Unconventional monetary policies, namely asset-purchase programmes, could have “substantial benefits” for economies when deployed during “normal times”, a working paper published by the International Monetary Fund has suggested.
Dominic Quint and Pau Rabanal discuss whether unconventional policies implemented during the financial crisis should be added to the standard central banking toolkit after interest rates have returned to “more normal conditions”.
Their paper, Should unconventional
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