Why monetary policy matters: New UK narrative evidence

James Cloyne, Patrick Hürtgen, 15 May 2014

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In recent decades, central banks around the world have predominantly used interest rates as their main monetary policy instrument. And while the zero lower bound has necessitated a range of unconventional monetary policies, many central banks clearly still intend to use interest rates as their preferred tool as their economies recover.

Topics: Monetary policy
Tags: interest rates changes, monetary policy, UK

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