Monetary policy at the zero lower bound: the Chilean experience

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dc.contributor.authorCéspedes, Luis Felipe
dc.contributor.authorGarcía-Cicco, Javier
dc.contributor.authorSaravia, Diego
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:06:11Z
dc.date.available2019-11-01T00:06:11Z
dc.date.issued2014
dc.descriptionThe global financial crisis that started in 2008 dramatically changed the analysis and implementation of monetary policy worldwide. Central banks were at the center of the stage during that time implementing both conventional and unconventional policies. Not only were monetary policy rates drastically reduced but also diverse policy measures were implemented: purchases of a wide range of financial assets lending to financial institutions intervening exchange rate markets and paying interest on reserves. Given that these policies challenged the conventional view embedded in the predominant monetary policy model within which central banks control only a short-term interest rate it is most important to understand how these policies have worked and to what extent they were successful.
dc.file.nameBCCh-sbc-v19-p427_460
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 427-460
dc.identifier.isbn978-956-7421-45-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3812
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 19
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectCRISIS ECONÓMICA 2008es_ES
dc.subjectBANCOS CENTRALESes_ES
dc.titleMonetary policy at the zero lower bound: the Chilean experience
dc.type.docArtículo

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