Unconventional monetary policy: Difference between revisions
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imported>Doug Williamson (Add Non-standard. Source: ECB https://www.ecb.europa.eu/mopo/decisions/html/index.en.html) |
imported>Doug Williamson (Add links.) |
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* [[Forward guidance]] | * [[Forward guidance]] | ||
* [[Lending operations]] | * [[Lending operations]] | ||
* [[Monetary policy]] | |||
* [[Monetary Policy Committee]] | |||
* [[Negative interest rate policies]] | * [[Negative interest rate policies]] | ||
* [[Quantitative easing ]] | * [[Quantitative easing ]] | ||
Revision as of 22:12, 8 June 2020
(UMP).
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.
Historically, mechanisms for influencing the money supply have included the use of open market operations, the central bank discount rate and reserve requirements.
'Unconventional' monetary policy includes:
- Quantitative easing (asset purchase programmes)
- Forward guidance
- Negative interest rates
- New central bank lending operations
Also known as 'non-standard' monetary policy.
