量化宽松与准备金利率:有多重要?

PSN: Other Monetary Policy (Topic) Pub Date : 2013-02-21 DOI:10.2139/ssrn.2222095

Kostas Vladimirou Kalevras

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摘要

本文从超额准备金利息支付(IOER)的角度考察了非常规货币政策，以及它对实现央行目标的重要性。它首先描述了传统的货币政策，然后考察了现代货币制度，这些制度实施了一个走廊系统，以实现目标利率。介绍了QE，详细概述了IOER的优缺点。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Quantitative Easing and Interest on Reserves: How Significant is it?

This essay examines unconventional monetary policy with a view on payment of Interest On Excess Reserves (IOER) and how it is important in order to achieve the central bank targets.It starts by describing conventional monetary policy followed by an examination of modern monetary regimes which implement a corridor system in order to target interest rates. QE is introduced and advantages and disadvantages of IOER are outlined in detail.

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PSN: Other Monetary Policy (Topic)

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