Policy Note 2001/9 | September 2001

Hard Times, Easy Money?

The tools of countercyclical monetary policy have been brought fully to bear on a potentially severe recession. This note argues, however, that such a policy is less effective in times such as these—that is, when uncertainty is especially high—and so is likely to be particularly ineffective in combating the current economic slowdown.

Associated Program:
Robert E. Carpenter

Publication Highlight

Policy Note 2022/3
Chile: The Road to Joy Is Paved with Obstacles
Author(s): Giuliano Toshiro Yajima
May 2022

Quick Search

Search in: