Asset purchases could bring benefits in ‘normal’ times – paper

Bruno Sanchez-Andrade Nuño

Unconventional monetary policies, namely asset-purchase programmes, could have “substantial benefits” for economies when deployed during “normal times”, a working paper published by the International Monetary Fund has suggested.

Dominic Quint and Pau Rabanal discuss whether unconventional policies implemented during the financial crisis should be added to the standard central banking toolkit after interest rates have returned to “more normal conditions”.

Their paper, Should unconventional

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