Abstract
It is my great honor to have the opportunity to deliver a speech at the 17th World Congress of the International Economic Association. The topic of this session, “Monetary Policy in A Post-Crisis World,” is currently one of the most critical topics for central banks around the world. Following the global financial crisis triggered by the collapse of Lehman Brothers, the Federal Reserve (Fed) and the Bank of England (BOE) introduced unconventional monetary policy measures such as quantitative easingand forward guidance, which in turn has given rise to a growing body of theoretical research on these measures.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Paul R. Krugman, “It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap,” Brookings Papers on Economic Activity, 1998, no. 2, 137–205.
Gauti B. Eggertsson and Michael Woodford, “The Zero Bound on Interest Rates and Optimal Monetary Policy,” Brookings Papers on Economic Activity, 2003, no. 1, 139–233.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2016 Haruhiko Kuroda
About this chapter
Cite this chapter
Kuroda, H. (2016). The Practice and Theory of Unconventional Monetary Policy. In: Stiglitz, J.E., Guzman, M. (eds) Contemporary Issues in Macroeconomics. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137529589_2
Download citation
DOI: https://doi.org/10.1057/9781137529589_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-57933-1
Online ISBN: 978-1-137-52958-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)