@article{Guerini2018,
abstract = {In this paper we discuss some of the monetary policy issues that have involved major central banks worldwide since the 2008 8nancial crisis, and which remain open. We provide an ex-cursus of the unconventional monetary policies adopted by central banks in the last decade, focusing on the European Central Bank and the Federal Reserve, and we discuss the ratio-nale and eecacy of some unconventional monetary instruments, of innation targeting and of central bank independence. We also provide a perspective on possible future developments of monetary policy. We argue that while unconventional monetary policy was useful, there is still ample space for improvement: in the recessions to come, unconventional monetary policy will need to be better coordinated with hscal, micro-and macro-prudential policies to provide more inclusive results that might positively aaect the real economy beyond the nancial system.},
author = {Guerini, Mattia and Lamperti, Francesco and Mazzocchetti, Andrea},
file = {::},
issn = {2284-0400},
journal = {European Journal of Economics and Economic Policy: Intervention, forthcoming},
keywords = {DOLFINS{\_}WP1},
mendeley-tags = {DOLFINS{\_}WP1},
title = {{Unconventional Monetary Policy: Between the Past and Future of Monetary Economics}},
url = {http://www.lem.sssup.it/WPLem/files/2018-09.pdf},
year = {2018}
}

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