Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? a Review of the Experience so Far

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Ishi, Kotaro, Fujita, Kenji, Stone, Mark R
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2011
• Subjects: Balance sheets; Central banks

What is the case for adding the unconventional balance sheet policies used by major central banks since 2007 to the standard policy toolkit? The record so far suggests that the new liquidity providing policies in support of financial stability generally warrant inclusion. As the balance sheet polici...