interest rate normalisation

Publication date: 2 Aug 2017 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Sinclair, P, Allen, W A | JEL classification: E52, E58, G21 | Journal: National Institute Economic Review Issue 241 | Publisher: Sage Publications, London
The paper looks at the ‘new normal’ in so many of the world’s central banks, and specifically the UK. It examines the position of the monetary policy framework, instrument settings, the underlying models, unconventional policy measures, real interest rates, and the interface with macroprudential...