IMF/World Bank Meetings Seminar:
Wednesday, October 9, 10:00 am
In response to the 200809 global financial crisis, advanced economies have conducted a variety of unconventional monetary policies (UMPs). These aimed to restore the functioning of financial markets and intermediation and to provide further monetary policy accommodation at the zero lower bound to boost economic activity. This seminar aims to discuss a range of topical questions related to UMPs: (1) Effectiveness of UMPs in achieving intended domestic objectives and boosting global growth; (2) Negative side-effects and risks of UMPs, both domestically and across borders–including risks from exiting UMPs (balancing risks exiting too early and too late, lessons from the first tapering off announcement); and (3) how to cope with side effects and manage risks.
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