01946cas a2200277 a 4500 AALejournalIMF022014 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475561784 2617-6750 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Monetary Policy in the New Normal / Tamim Bayoumi, Giovanni Dell'Ariccia, Karl Habermeier, Tommaso Mancini Griffoli. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (49 pages) Staff Discussion Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of turning unconventional policies into conventional ones, how to make monetary policy frameworks more resilient to the risk of being constrained by the zero-lower bound going forward, and the institutional challenges to preserve central bank independence with regards to monetary policy, while allowing adequate government oversight over central banks' new responsibilities. It will draw policy conclusions where consensus has been reached, and highlight the areas where more work is needed to get more granular policy advice. Mode of access: Internet Dell'Ariccia, Giovanni. Habermeier, Karl. Mancini Griffoli, Tommaso. Staff Discussion Notes; Staff Discussion Notes ; No. 2014/003 Full text available on IMF http://elibrary.imf.org/view/journals/006/2014/003/006.2014.issue-003-en.xml IMF e-Library