unconventional monetary instruments

The Curse of Cash

by Kenneth S Rogoff  · 29 Aug 2016  · 361pp  · 97,787 words

were cleared away, as we discuss in chapters 10 and 11. Even at the Federal Reserve, which has produced many of the chirpier appraisals of unconventional monetary instruments, nobody really wants to have to rely on them again, not least because they involve risks that are difficult to measure or understand. If the

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easing by, 135–36, 140–42; security in the event of a nuclear attack, 113–14; ten-year treasury inflation-indexed securities, constant maturity, 142; unconventional monetary instruments, chirpy appraisals of, 124; welfare of other countries not considered by, 207; zero bound, work on, 132–34 Feige, Edgar L., 238n6 Feldstein, Martin, 156

Platform Capitalism

by Nick Srnicek  · 22 Dec 2016  · 116pp  · 31,356 words

have already noted a continuation of low interest rate policies. But, stuck at the zero lower bound, policymakers have been forced to turn toward more unconventional monetary instruments.24 The most important of these has been ‘quantitative easing’: the creation of money by the central bank, which then uses that money to purchase

Hard Times: The Divisive Toll of the Economic Slump

by Tom Clark and Anthony Heath  · 23 Jun 2014  · 401pp  · 112,784 words

same time as the chancellor was issuing the Bank of England's new governor, Mark Carney, with a new remit recognising the ‘need to use unconventional monetary instruments’49 – coded encouragement for taking more risks with inflation for the sake of recovery – his benefit policy was ensuring that the victims of hard times