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MONETARY POLICY AND THE CREDIT CRUNCH
Author(s) -
Minford Patrick
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01876.x
Subject(s) - crunch , credit crunch , shock (circulatory) , economics , monetary economics , monetary policy , interest rate , commodity , financial system , keynesian economics , finance , medicine , biology , physiology
This article examines how interest rates should have been changed in response to the commodity price shock and the credit crunch under different assumptions for the decision rules that might be used by central banks.