Monetary easing does not prompt crisis recovery, says BIS paper

bank-for-international-settlements

Monetary easing does not lead to economic recovery after a financial crisis, according to a working paper released by the Bank for International Settlements (BIS) today (September 27).

The authors, Morten Bech, Leonardo Gambacorta and Enisse Kharroubi, analysed how the use of monetary policy yields different results in downturns associated with a ‘financial crisis' compared with a ‘normal' downturn.

Bech, Gambacort and Karroubi found that monetary easing is followed by a stronger recovery in

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: