They are released once a year with a five-year lag. The Bank of Canada is applying lessons from the global financial crisis as it updates its framework for the use of unconventional monetary policy ...

This book asks if independent monetary policy is feasible at a time when central banks prop up the poorly regulated shadow banking sector ...

Negative interest rates occur when prices begin to start dropping to low levels as the value of a nation's currency increases. At these times, central banks may resort to negative interest rates. The ...

Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

We apply the structural VAR model to Japan under the unconventional monetary policy regime, 2000Q1 and 2019Q4. In addition to the traditional sign restrictions, we impose narrative sign restrictions ...

With no room left to further lower interest rates, the BOJ subsequently adopted a series of “unconventional monetary policy measures,” including quantitative easing, in which the central bank ...