Tools of monetary policy and problems of them working properly
(Specification: Unconventional monetary policy)
1. Introduction: monetary policy as part of the government stabilization policy.
2. Conventional monetary policy: tools, monetary transmission mechanism (in brief).
3. Situations when conventional monetary policy becomes ineffective: liquidity trap, zero bound problem, etc. Case-study: Japan (late 1990s), USA (recent crisis).
4. Unconventional monetary policy measures: quantitative easing, credit easing, signaling, etc. Case-study: the use of unconventional monetary policy in Japan (late 1990s) and in the U.S. (during the recent crisis), evaluation of it`s effectiveness.
5. Summary and conclusion.
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