New challenges in monetary policy
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| Format: | Thesis |
| Kulcsszavak: | challenges conventional monetary policy global crisis monetary policy unconventional monetary policy |
| Online Access: | http://dolgozattar.uni-bge.hu/44588 |
| Abstract: | In current fast and everchanging world, financial systems and governments constantly face economic regressions, crisis and crushes. All this inevitably affects everyone starting from the governments and companies, finishing with individuals. The most significantly noticeable is inflation causing price-rise, unemployment and high interest rates. In a situation of crisis and inflation peaking the all-time high, it is indeed challenging for the economies to distinguish the ways of easing the economic and financial situation of the country and the markets. The purpose of this research is to highlight the challenges monetary policy is facing during high-inflation periods and the tools used to offset it. The first part deals with the concept and theoretical background of monetary policy and its tools. Further measures of monetary policy conducted to offset the impact of the global crises is examined and analyzed. The final part highlights the new challenges in conducting and implementing monetary policy especially during the periods of economic slowdown and recession. This literature review is a base for further empirical research on challenges of monetary policy. |
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