Skip to main content
Two-dimensional approach captures “surprising similarities” between different methods
The Bank for International Settlements
Economists at the Bank for International Settlements have developed a new way of categorising the frameworks central banks use to set monetary policy. The authors say their approach gives a clearer view of the differences between frameworks – and illustrates “surprising similarities” in some cases.
The article, which forms part of the BIS quarterly review published today (September 15), breaks operating frameworks down along two dimensions: the “marginal opportunity cost” to banks of holding
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Most read articles loading…
Back to Top
#taxonomy #operating #frameworks #BIS #economists