Doves vs hawks: IMF advice on unconventional monetary policy

The IMF’s “HQ2” in Washington, DC
Photo: Henrik Gschwindt de Gyor/IMF

The paper by professor Larry Ball released by the Independent Evaluation Office as part of its recent major review of the International Monetary Fund’s advice on unconventional monetary policies is a gem. Using internal as well as published papers, and drawing on extensive interviews with the key protagonists, Ball has written a terse, analytical and most insightful account of how the debate between monetary policy “doves” (worried about the risks of deflation) and “hawks” (worried about the

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:

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: