000			02372nam a22004098i 4500
001			CR9781139044233
003			UkCbUP
005			20201015164147.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			120124s2012||||enk o ||1 0|eng|d
020			_a9781139044233 (ebook)
020			_z9781107014732 (hardback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG1621 _b.I588 2012
082	0	0	_a339.5/3 _223
245	0	0	_aInterest rates, prices and liquidity : _blessons from the financial crisis / _cedited by Jagjit S. Chadha, Sean Holly.
264		1	_aCambridge : _bCambridge University Press, _c2012.
300			_a1 online resource (xi, 280 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aMacroeconomic policy making
500			_aTitle from publisher's bibliographic system (viewed on 14 Jan 2016).
520			_aMany of the assumptions that underpin mainstream macroeconomic models have been challenged as a result of the traumatic events of the recent financial crisis. Thus, until recently, it was widely agreed that although the stock of money had a role to play, in practice it could be ignored as long as we used short-term nominal interest rates as the instrument of policy because money and other credit markets would clear at the given policy rate. However, very early on in the financial crisis interest rates effectively hit zero percent and so central banks had to resort to a wholly new set of largely untested instruments to restore order, including quantitative easing and the purchase of toxic financial assets. This book brings together contributions from economists working in academia, financial markets and central banks to assess the effectiveness of these policy instruments and explore what lessons have so far been learned.
650		0	_aMonetary policy.
650		0	_aMacroeconomics.
650		0	_aFinance _xGovernment policy.
650		0	_aFinancial crises _y21st century.
650		0	_aInterest rates.
650		0	_aGlobal Financial Crisis, 2008-2009.
700	1		_aChadha, Jagjit, _eeditor.
700	1		_aHolly, Sean, _eeditor.
776	0	8	_iPrint version: _z9781107014732
830		0	_aMacroeconomic policy making.
856	4	0	_uhttps://doi.org/10.1017/CBO9781139044233
999			_c121059 _d121059