The case for symmetrical monetary policy and its role in the new financial architecture

In recent years, monetary policy, as conducted by the large industrial countries in particular, has been increasingly influenced by the volatility of the global financial network. The fact that the G-4 central banks are, at the time of writing, all operating at or near the zero interest rate bound is more a reflection of their responses to various financial crises than changes in the inflation outlook. Primarily in times of crisis, central banks are forced to gear its course towards financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account