IMF gives verdict on unconventional monetary policies


The International Monetary Fund (IMF) today published a policy paper examining the effectiveness of a range of unconventional monetary policies, concluding they have generally helped support economic recovery, but warning of many empirical pitfalls along the way.

The IMF looked at a wide range of stimulus measures, including purchases of both public and private assets, emergency liquidity support, the European Central Bank's (ECB) outright monetary transactions (OMT) programme, and lending suppo

To continue reading...