Unconventional Monetary Policy, Global Liquidity Circulation, and Inflation Divergence around the World

2016 ◽  
Vol 54 (1) ◽  
pp. 6-26 ◽  
Author(s):  
Taeyoon Sung ◽  
Jong-Hee Kim
Keyword(s):  
Monetary Policy ◽  
Unconventional Monetary Policy ◽  
The World ◽  
Global Liquidity

scholarly journals Taylor and McCallum Rule during the Unprecedented Monetary Easing Era: The Recent Japanese Case

2020 ◽  
Vol 7 (3) ◽  
pp. 70
Author(s):  
Yutaka Kurihara ◽  
Akio Fukushima
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Taylor Rule ◽  
Unconventional Monetary Policy ◽  
Monetary Base ◽  
Japanese Case ◽  
Empirical Results ◽  
The World

The Taylor and McCallum rules have been examined a lot in many studies. After these frameworks were presented, deflation has been prevailing and market interest rates have been low, almost zero, or negative in the world. Japan is a typical example. Unconventional monetary policy based on monetary base instead of based on interest rates, has been conducting. This study examines whether or not the Taylor and McCallum rule fit well in Japan. The empirical results show that the McCallum rule fits for recent Japanese cases, but the Taylor rule does not.

Strategy and Tactics of Monetary Policy during the World Economic Crisis

2010 ◽  
pp. 4-20 ◽  
Author(s):  
A. Nekipelov ◽  
M. Golovnin
Keyword(s):  
Monetary Policy ◽  
Economic Crisis ◽  
Exchange Rate Policy ◽  
Industrial Countries ◽  
Policy Goals ◽  
The World ◽  
Rate Policy ◽  
World Economic ◽  
World Economic Crisis ◽  
Qualitative Changes

The paper analyzes the qualitative changes in monetary policy goals and instruments during the world economic crisis of 2007-2009 in industrial countries and Russia; it represents the authors view on Russian monetary policy goals and results on different stages of crisis development. On the basis of the analysis the authors conclude on the necessity of active exchange rate policy in Russia, while developing interest rate instruments, and implementation of some exchange restrictions to prevent crisis contagion in the future.

Trade Credit and the Transmission of Unconventional Monetary Policy

2020 ◽  
Author(s):  
Manuel Adelino ◽  
Miguel Almeida Ferreira ◽  
Mariassunta Giannetti ◽  
Pedro M. Pires
Keyword(s):  
Monetary Policy ◽  
Trade Credit ◽  
Unconventional Monetary Policy
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