IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP

IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP

The goal of the paper is to compare nonstandard solutions implemented by Federal Reserve System, European Central Bank and National Bank of Poland in response to the outbreak of a subrime crisis in United States and to debt crisis in European Union. For that purpose there is carried out a comparativ...

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Main Author: Maciej Ryczkowski
Format: Article
Language:English
Published: Uniwersytet Mikołaja Kopernika 2015-06-01
Series:Ekonomia i Prawo.
Subjects:
nonstandard monetary policy measures
deflation trap
liquidity trap
Online Access:http://apcz.umk.pl/czasopisma//index.php/EiP/article/view/7466
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spelling doaj-8f28e69348fc4491abbf101b24e1f2162020-11-25T01:57:03Zeng Uniwersytet Mikołaja KopernikaEkonomia i Prawo. 1898-22552392-16252015-06-0114224325910.12775/EiP.2015.0156678IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBPMaciej Ryczkowski0Nicolaus Copernicus UniversityThe goal of the paper is to compare nonstandard solutions implemented by Federal Reserve System, European Central Bank and National Bank of Poland in response to the outbreak of a subrime crisis in United States and to debt crisis in European Union. For that purpose there is carried out a comparative, descriptive analysis of institutional steps taken by the three central banks and the governments to preserve macroeconomic stability. The nonstandard measures allowed to avoid a comeback of the Great Depression and restored market’s confidence, unfortunately at the cost of decreased resilience for future possible crises along with many other medium and long run unintended consequences.http://apcz.umk.pl/czasopisma//index.php/EiP/article/view/7466nonstandard monetary policy measuresdeflation trapliquidity trap
collection DOAJ
language English
format Article
sources DOAJ
author Maciej Ryczkowski
spellingShingle Maciej Ryczkowski
IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
Ekonomia i Prawo.
nonstandard monetary policy measures
deflation trap
liquidity trap
author_facet Maciej Ryczkowski
author_sort Maciej Ryczkowski
title IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
title_short IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
title_full IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
title_fullStr IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
title_full_unstemmed IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
title_sort is deflation trap a serious threat? case study of fed, ecb and nbp
publisher Uniwersytet Mikołaja Kopernika
series Ekonomia i Prawo.
issn 1898-2255
2392-1625
publishDate 2015-06-01
description The goal of the paper is to compare nonstandard solutions implemented by Federal Reserve System, European Central Bank and National Bank of Poland in response to the outbreak of a subrime crisis in United States and to debt crisis in European Union. For that purpose there is carried out a comparative, descriptive analysis of institutional steps taken by the three central banks and the governments to preserve macroeconomic stability. The nonstandard measures allowed to avoid a comeback of the Great Depression and restored market’s confidence, unfortunately at the cost of decreased resilience for future possible crises along with many other medium and long run unintended consequences.
topic nonstandard monetary policy measures
deflation trap
liquidity trap
url http://apcz.umk.pl/czasopisma//index.php/EiP/article/view/7466
work_keys_str_mv AT maciejryczkowski isdeflationtrapaseriousthreatcasestudyoffedecbandnbp
_version_ 1724976631366287360

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