## Global Impact and Challenges of Unconventional Monetary Policies

_Policy Papers, September 3, 2013_

## Source details

**Canonical URL:** [Global Impact and Challenges of Unconventional Monetary Policies](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/global-impact-and-challenges-of-unconventional-monetary-policies-pp4808)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/global-impact-and-challenges-of-unconventional-monetary-policies-pp4808/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/global-impact-and-challenges-of-unconventional-monetary-policies-pp4808/index.json)
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## Bibliographic details
- Published: September 3, 2013
- Series: Policy Papers

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### 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*

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## Content in this bundle

- **Global Impact and Challenges of Unconventional Monetary Policies; September 3, 2013**
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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/global-impact-and-challenges-of-unconventional-monetary-policies-pp4808_