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The Benefits and Costs of Highly Expansionary Monetary Policy

How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD econ...

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Bibliographic Details
Main Author: Rawdanowicz, Łukasz.
Corporate Author: OECD iLibrary.
Other Authors: Bouis, Romain., Watanabe, Shingo.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2013.
Series:OECD working papers. Economic Department working papers ; no. 1082.
Online Access:Online version
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