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Unconventional Monetary Policy in a Small Open Economy1

Unconventional Monetary Policy in a Small Open Economy1 »

Source: Unconventional Monetary Policy in a Small Open Economy

Volume/Issue: 2017/268

Series: IMF Working Papers

Author(s): Margaux MacDonald , and Micha? Ksawery Popiel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2017

ISBN: 9781484330944

Keywords: Central banks and their policies, Small open economy; unconventional monetary policy; Bayesian structural VAR; zero lower bound; international monetary policy transmission, Small open economy, unconventional monetary policy, Bayesian structural VAR, zero lower bound, international monetary policy transmission, Monetary Policy (Targets, Instruments, and Effects)

This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconventional monetary policy at the zero lower bound (ZLB) w...

Unconventional Monetary Policy in a Small Open Economy

Unconventional Monetary Policy in a Small Open Economy »

Volume/Issue: 2017/268

Series: IMF Working Papers

Author(s): Margaux MacDonald , and Micha? Ksawery Popiel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2017

DOI: http://dx.doi.org/10.5089/9781484330944.001

ISBN: 9781484330944

Keywords: Central banks and their policies, Small open economy; unconventional monetary policy; Bayesian structural VAR; zero lower bound; international monetary policy transmission, Small open economy, unconventional monetary policy, Bayesian structural VAR, zero lower bound, international monetary policy transmission, Monetary Policy (Targets, Instruments, and Effects)

This paper investigates the effects of unconventional monetary policy in a small open economy. Using recently proposed shadow interest rates to capture unconventional monetary policy at the zero lower bound (ZLB) w...