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IMFSurvey Magazine: Policy

The Bank of Japan in Tokyo: central banks in advanced economies, including Japan, have deployed new tools to counter the effects of the global crisis (photo: Toru Hanai/Reuters/Corbis)

IMF Assesses New Era of Monetary Policy

May 16, 2013

Several years of exceptionally low interest rates and bond buying by some advanced economy central banks have reduced the risk of deflation, stabilized the financial system, and calmed financial markets, but these unconventional policies also have potential negative side effects.click for more

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