Skip navigation

The impact of unconventional monetary policies on perceptions of extreme events at times of crisis

Thumbnail
View
498,46 kB
Authors
Issue Date
16-Dec-2020
Physical description
10 p.
Abstract
The European Central Bank’s and the Federal Reserve’s announcements of unconventional monetary policies have contributed to significantly reducing market perceptions of the probability of extreme macro-financial events. This phenomenon has arisen in periods of intense market strain, such as the global financial crisis and the current COVID-19 crisis. These measures have served to mitigate the materialisation of extremely unfavourable events through the feedback loop between the financial sector and the real economy and to ensure adequate monetary policy transmission.
Notes
Artículo de revista
Publish on
Economic bulletin / Banco de España. Analytical articles
Economic bulletin / Banco de España [Artículos], n. 4, 2020
Other versions
Subjects
Appears in Collections:


loading