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 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.

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.
Item Type	Book or Report Section
URI	https://reading-clone.eprints-hosting.org/id/eprint/112273
Item Type	Book or Report Section
Refereed	Yes
Divisions	Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
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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