Monetary policy at the zero lower bound : the chilean experience

"The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates dr...

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Autores principales: Céspedes, Luis Felipe, García Cicco, Javier, Saravia, Diego
Otros Autores: Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi"
Formato: Parte de libro
Lenguaje:Inglés
Inglés
Publicado: Banco Central de Chile 2019
Materias:
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/2363
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spelling I33-R139-123456789-23632024-03-21T11:04:30Z Monetary policy at the zero lower bound : the chilean experience Céspedes, Luis Felipe García Cicco, Javier Saravia, Diego Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi" POLITICA ECONOMICA POLITICA MONETARIA ECONOMIA CHILENA "The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced, but also diverse policy measures were implemented: purchases of a wide range of financial assets, lending to financial institutions, intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model, within which central banks control only a short-term interest rate, it is most important to understand how these policies have worked, and to what extent they were successful..." 2019-05-13T17:13:00Z 2019-05-13T17:13:00Z 2014 Parte de libro Céspedes, L.F., García Cicco, J., Saravia, D. Monetary policy at the zero lower bound : the chilean experience [en línea]. En Bauducco, S., Christiano, L., Raddatz, C. (eds.). Macroeconomic and financial stability : challenges for monetary policy. Central banking, analysis and economic policies book series ; vol. 19, Santiago de Chile: Central Bank of Chile, 2014. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2363 https://repositorio.uca.edu.ar/handle/123456789/2363 eng eng Acceso Abierto https://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Chile Banco Central de Chile Céspedes, L.F., García Cicco, J., Saravia, D. Monetary policy at the zero lower bound : the chilean experience. En Bauducco, S., Christiano, L., Raddatz, C. (eds.). Macroeconomic and financial stability : challenges for monetary policy. Central banking, analysis and economic policies book series ; vol. 19, Santiago de Chile: Central Bank of Chile, 2014
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
Inglés
topic POLITICA ECONOMICA
POLITICA MONETARIA
ECONOMIA CHILENA
spellingShingle POLITICA ECONOMICA
POLITICA MONETARIA
ECONOMIA CHILENA
Céspedes, Luis Felipe
García Cicco, Javier
Saravia, Diego
Monetary policy at the zero lower bound : the chilean experience
topic_facet POLITICA ECONOMICA
POLITICA MONETARIA
ECONOMIA CHILENA
description "The global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time, implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced, but also diverse policy measures were implemented: purchases of a wide range of financial assets, lending to financial institutions, intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model, within which central banks control only a short-term interest rate, it is most important to understand how these policies have worked, and to what extent they were successful..."
author2 Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi"
author_facet Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación "Francisco Valsecchi"
Céspedes, Luis Felipe
García Cicco, Javier
Saravia, Diego
format Parte de libro
author Céspedes, Luis Felipe
García Cicco, Javier
Saravia, Diego
author_sort Céspedes, Luis Felipe
title Monetary policy at the zero lower bound : the chilean experience
title_short Monetary policy at the zero lower bound : the chilean experience
title_full Monetary policy at the zero lower bound : the chilean experience
title_fullStr Monetary policy at the zero lower bound : the chilean experience
title_full_unstemmed Monetary policy at the zero lower bound : the chilean experience
title_sort monetary policy at the zero lower bound : the chilean experience
publisher Banco Central de Chile
publishDate 2019
url https://repositorio.uca.edu.ar/handle/123456789/2363
work_keys_str_mv AT cespedesluisfelipe monetarypolicyatthezerolowerboundthechileanexperience
AT garciaciccojavier monetarypolicyatthezerolowerboundthechileanexperience
AT saraviadiego monetarypolicyatthezerolowerboundthechileanexperience
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