Why monetary policy matters: New UK narrative evidence

James Cloyne, Patrick Hürtgen, 15 May 2014



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

Vox eBooks