Journal article

Time for unorthodox monetary policy.

Abstract:: This column explains the logic behind a radically new form of monetary policy – a new central-bank tool for stabilising the credit cycle. By buying bank stocks and credit instruments at the bottom of the cycle and selling at the top, the new policy could moderate the boom-and-bust credit cycle independently of interest rate policy. The Fed action on 25 November is a good step in this direction.

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APA Style

Muellbauer, J. (2008). Time for unorthodox monetary policy. VoxEU.

MLA Style

Muellbauer, J. “Time for Unorthodox Monetary Policy.” VoxEU, 2008.

Chicago Style

Muellbauer, J. 2008. “Time for Unorthodox Monetary Policy.” VoxEU.
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Authors

+ Muellbauer, J More by this author

Role:: Author

Publisher:: CEPR
Journal:: VoxEU More from this journal
Publication date:: 2008-11-27

Language:: English
UUID:: uuid:01dc5c64-c004-4583-9d7c-5956c844ecb1
Local pid:: oai:economics.ouls.ox.ac.uk:14495
Deposit date:: 2011-08-16
ARK identifier:: ark:/29072/ora_01dc5c64c00445839d7c5956c844ecb1

Terms of use

Copyright date:: 2008

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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