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The Effectiveness of Monetary Policy since the Onset of the Financial Crisis

In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD economies. It helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries lower than expected given the measures taken, and estimated ec...

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Corporate Author: OECD iLibrary.
Other Authors: Bouis, Romain., Rawdanowicz, Łukasz., Renne, Jean-Paul., Watanabe, Shingo., Christensen, Ane.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2013.
Series:OECD working papers. Economic Department working papers ; no. 1081.
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Online Access:Online version
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