Shen, Dennis, (2016), “Central banks are facing a crisis of confidence – it’s time to reinvent global monetary policy”, LSE Europpblog, 6 October
Since the financial crisis, central banks have taken on a far more significant role in economic management. But with diminishing returns of and unintended consequences from existing policies, monetary policy now faces a crisis of confidence. Dennis Shen explores policy innovations that could support global central banks battling deflation and proposes a new framework to better guard against financial instability.
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- Ball, Laurence, Gagnon, Joseph, Honohan, Patrick, Krogstrup, Signe, (2016), “What Else Can Central Banks Do?”, ICMB – CEPR, Geneva Reports on the World Economy 18, Septemeber
- Ricardo Reis, (2016), “QE in the future: the central bank’s balance sheet in a fiscal crisis”, Centre for Economic Policy Research, July