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La reserva federal, la crisis y la política monetaria no convencional

Author

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  • Ignacio Perrotini Hernández

    (Universidad Nacional Autónoma de México)

Abstract

Conventional and non conventional monetary policy frameworks followed by the Federal Reserve, prior and after the Great Recession, respectively, are dealt with in this paper. It is also shown that quantitative or credit easing, forward guidance and the zero interest rate monetary policy, all part and parcel of the Fed’s new monetary policy approach, have failed to restore long-run sustainable growth.

Suggested Citation

  • Ignacio Perrotini Hernández, 2015. "La reserva federal, la crisis y la política monetaria no convencional," Contaduría y Administración, Accounting and Management, vol. 60(6), pages 250-271, Octubre-D.
    • Handle: RePEc:nax:conyad:v:60:y:2015:i:6:p:250-271
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    File URL: http://www.cya.unam.mx/index.php/cya/article/view/921
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    More about this item

    Keywords

    Monetary policy; Financial crisis; Growth;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G01 - Financial Economics - - General - - - Financial Crises
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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