
Monetary policy's 'new normal' will challenge central bank independence, say IMF staff

A staff discussion paper released today by the IMF takes stock of the "intense discussion about what shape monetary policy should take once economic conditions have settled down into the post-crisis ‘new normal'" – ultimately raising "more questions than it provides answers".
The authors of Monetary Policy in the New Normal: Tamim Bayoumi, Giovanni Dell'Ariccia, Karl Habermeier, Tommaso Mancini-Griffoli, Fabián Valencia, and an IMF staff team, address the following questions:
Should there be newOnly 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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com