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  • 标题:Monetary Policy Frameworks: Recent International Developments
  • 本地全文:下载
  • 作者:Robert Fay ; Kristina Hess
  • 期刊名称:Financial System Review
  • 印刷版ISSN:1705-1290
  • 电子版ISSN:1705-1304
  • 出版年度:2016
  • 出版社:Bank of Canada
  • 摘要:Central banks in advanced economies have faced significant challengesin recent years, with prolonged low inflation occurring against a backgroundof rising financial stability concerns in some economies.ƒ While few advanced economies have made significant changes to theirinflation-targeting frameworks since 2012, the tools that central bankshave employed to meet their inflation targets have evolved.ƒ In particular, several central banks have announced or expanded assetpurchase programs, moved policy rates below zero or taken on greaterroles in contributing to financial stability.ƒ Some central banks have modified their set of preferred core inflationmeasures and continue to make use of them to monitor underlying trendsin total inflation.
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