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Monetary policy developments

Mihailov, A. ORCID: https://orcid.org/0000-0003-4307-4029 (2023) Monetary policy developments. In: Reference Module in Social Sciences. Elsevier. ISBN 9780443157851

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To link to this item DOI: 10.1016/B978-0-44-313776-1.00044-1

Abstract/Summary

This article aims to provide a dense and accessible nontechnical overview of the new developments in monetary policy after the Global Financial Crisis (GFC) of 2007-2009. The discussion is structured in four sections explaining in a condensed form four broad types of episodes in the world economy and corresponding developments in monetary policy, namely the responses to (1) the GFC, (2) climate change, (3) the COVID-19 pandemic, (4) Russia’s war in Ukraine and the cost-of-living crisis of 2022 it exacerbated. Four figures, central to the tasks of monetary policy, illustrate the evolution of interest rates, inflation, output growth and unemployment.

Item Type:Book or Report Section
Refereed:Yes
Divisions:Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:112273
Additional Information:The article was written for the Encyclopedia of Monetary Policy, Financial Markets and Banking (ed. Apergis, N.), but has been published online as a stand-alone chapter in the Reference Collection in Social Sciences.
Publisher:Elsevier

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