Global Impact and Challenges of Unconventional Monetary Policies
Policy Papers, September 3, 2013
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- Global Impact and Challenges of Unconventional Monetary Policies
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Bibliographic details
- Published: September 3, 2013
- Series: Policy Papers
Scope and approach
- Takes stock of unconventional monetary policies (UMP) and their impact so far.
- Looks ahead towards exit and prospects for policy coordination.
- Synthesizes:
- earlier staff work on UMP,
- findings of a substantial and growing academic and central banking literature,
- further staff analysis contained in the Background Paper.
- Where definitive conclusions cannot yet be drawn, the paper:
- poses the relevant questions,
- provides possible answers,
- explicitly recognizes the remaining uncertainty.
Key conclusions and remaining uncertainties
- Some widely accepted conclusions have emerged from the large and growing number of studies on UMP.
- Many important questions remain unsettled because enough time has not elapsed to draw definitive conclusions.
- The paper balances synthesis of existing evidence with identification of unresolved issues and open questions for future work.
Policy focus: exit and coordination
- Emphasizes considerations related to exit from UMP.
- Examines prospects for international policy coordination in the context of UMP and their spillovers.
Evidence base and analytic contributions
- Builds on prior IMF staff work and on a substantial and growing body of academic and central banking literature.
- Supplements the synthesis with further staff analysis documented in the Background Paper.
Metadata and key dates
- Publication date: September 3, 2013
- Accessed date shown in citation: 9/18/2026
Source: Global Impact and Challenges of Unconventional Monetary Policies
Content in this bundle
- Global Impact and Challenges of Unconventional Monetary Policies; September 3, 2013