{"id":"https://openalex.org/W4249797886","doi":"https://doi.org/10.1002/9781119565178.ch2","title":"A Survey of the International Evidence and Lessons Learned About Unconventional Monetary Policies: Is a \u2018New Normal\u2019 In Our Future?","display_name":"A Survey of the International Evidence and Lessons Learned About Unconventional Monetary Policies: Is a \u2018New Normal\u2019 In Our Future?","publication_year":2019,"publication_date":"2019-03-01","ids":{"openalex":"https://openalex.org/W4249797886","doi":"https://doi.org/10.1002/9781119565178.ch2"},"language":"en","primary_location":{"id":"doi:10.1002/9781119565178.ch2","doi":"https://doi.org/10.1002/9781119565178.ch2","is_oa":false,"landing_page_url":"https://doi.org/10.1002/9781119565178.ch2","pdf_url":null,"source":{"id":"https://openalex.org/S4306464293","display_name":"Wiley eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Topics in Finance","raw_type":"other"},"volume":{"id":"https://openalex.org/W4246372158","display_name":"Contemporary Topics in Finance"},"type":"book-chapter","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5050818729","display_name":"Dom\u00e9nico Lombardi","orcid":"https://orcid.org/0000-0003-4116-8347","observed_orcids":["https://orcid.org/0000-0003-4116-8347"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Domenico Lombardi","raw_affiliation_strings":["Banca di San Marino S.p.A"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Banca di San Marino S.p.A","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5024263561","display_name":"Pierre L. Siklos","orcid":"https://orcid.org/0000-0002-5685-2355","observed_orcids":["https://orcid.org/0000-0002-5685-2355"]},"institutions":[{"id":"https://openalex.org/I75381157","display_name":"Wilfrid Laurier University","ror":"https://ror.org/00fn7gb05","country_code":"CA","type":"education","lineage":["https://openalex.org/I75381157"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Pierre Siklos","raw_affiliation_strings":["Wilfrid Laurier University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Wilfrid Laurier University","institution_ids":["https://openalex.org/I75381157"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081150857","display_name":"Samantha St. Amand","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I29816883","display_name":"Centre for International Governance Innovation","ror":"https://ror.org/023e0em87","country_code":"CA","type":"nonprofit","lineage":["https://openalex.org/I29816883"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Samantha St. Amand","raw_affiliation_strings":["Centre for International Governance Innovation"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for International Governance Innovation","institution_ids":["https://openalex.org/I29816883"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":14.5435,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.98887693,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"11","last_page":"40"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/unconventional-monetary-policy","display_name":"unconventional monetary policy","score":0.9990000128746033},{"id":"https://openalex.org/keywords/quantitative-easing","display_name":"quantitative easing","score":0.6510000228881836},{"id":"https://openalex.org/keywords/monetary-policy-effectiveness","display_name":"monetary policy effectiveness","score":0.7310000061988831},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.8939999938011169},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9710000157356262},{"id":"https://openalex.org/keywords/economic-recovery","display_name":"economic recovery","score":0.5860000252723694},{"id":"https://openalex.org/keywords/financial-market-impact","display_name":"financial market impact","score":0.8889999985694885},{"id":"https://openalex.org/keywords/macroeconomic-effects","display_name":"macroeconomic effects","score":0.8270000219345093},{"id":"https://openalex.org/keywords/spillover-effects","display_name":"spillover effects","score":0.9269999861717224},{"id":"https://openalex.org/keywords/central-banking","display_name":"central banking","score":0.6430000066757202},{"id":"https://openalex.org/keywords/dsge-model","display_name":"DSGE model","score":0.9010000228881836},{"id":"https://openalex.org/keywords/vector-autoregression","display_name":"vector autoregression","score":0.6510000228881836},{"id":"https://openalex.org/keywords/new-normal","display_name":"new normal","score":0.6389999985694885}],"concepts":[{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.7586057782173157},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6304147243499756},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.6143314242362976},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6141113042831421},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.5431898832321167},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.5417762994766235},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.5242239236831665},{"id":"https://openalex.org/C166955791","wikidata":"https://www.wikidata.org/wiki/Q629579","display_name":"Macro","level":2,"score":0.4301639795303345},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3989185690879822},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3589058518409729},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32481658458709717},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.28063488006591797},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0824873149394989},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/9781119565178.ch2","doi":"https://doi.org/10.1002/9781119565178.ch2","is_oa":false,"landing_page_url":"https://doi.org/10.1002/9781119565178.ch2","pdf_url":null,"source":{"id":"https://openalex.org/S4306464293","display_name":"Wiley eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Topics in Finance","raw_type":"other"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320313602","display_name":"Wilfrid Laurier University","ror":"https://ror.org/00fn7gb05"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":92,"referenced_works":["https://openalex.org/W33271404","https://openalex.org/W140625193","https://openalex.org/W266301072","https://openalex.org/W330781879","https://openalex.org/W586718297","https://openalex.org/W634819117","https://openalex.org/W1480317529","https://openalex.org/W1528857264","https://openalex.org/W1529620312","https://openalex.org/W1530590737","https://openalex.org/W1544385952","https://openalex.org/W1551994209","https://openalex.org/W1563671740","https://openalex.org/W1585074105","https://openalex.org/W1588947365","https://openalex.org/W1663622626","https://openalex.org/W1784671225","https://openalex.org/W1870604146","https://openalex.org/W1907834661","https://openalex.org/W1982029994","https://openalex.org/W2003356861","https://openalex.org/W2020692855","https://openalex.org/W2076178284","https://openalex.org/W2096522474","https://openalex.org/W2104456410","https://openalex.org/W2104490102","https://openalex.org/W2108822796","https://openalex.org/W2110337991","https://openalex.org/W2114595403","https://openalex.org/W2130162792","https://openalex.org/W2134320348","https://openalex.org/W2134935148","https://openalex.org/W2137069277","https://openalex.org/W2138691480","https://openalex.org/W2140234860","https://openalex.org/W2143958849","https://openalex.org/W2147594010","https://openalex.org/W2149015775","https://openalex.org/W2152110580","https://openalex.org/W2152475418","https://openalex.org/W2153554155","https://openalex.org/W2160425839","https://openalex.org/W2160778919","https://openalex.org/W2166340019","https://openalex.org/W2243775173","https://openalex.org/W2244471423","https://openalex.org/W2300456355","https://openalex.org/W2345677804","https://openalex.org/W2382992336","https://openalex.org/W2413370424","https://openalex.org/W2470604143","https://openalex.org/W2496710815","https://openalex.org/W2519098925","https://openalex.org/W2542925150","https://openalex.org/W2580408900","https://openalex.org/W2590889687","https://openalex.org/W2595909765","https://openalex.org/W2727338354","https://openalex.org/W2745022446","https://openalex.org/W2749862951","https://openalex.org/W2765208025","https://openalex.org/W2891379805","https://openalex.org/W2891722280","https://openalex.org/W2891755413","https://openalex.org/W2938687760","https://openalex.org/W2950669249","https://openalex.org/W2955527509","https://openalex.org/W2993327023","https://openalex.org/W3121193908","https://openalex.org/W3121399404","https://openalex.org/W3122660295","https://openalex.org/W3123326812","https://openalex.org/W3123351845","https://openalex.org/W3123358804","https://openalex.org/W3123502495","https://openalex.org/W3123510272","https://openalex.org/W3123997200","https://openalex.org/W3124036970","https://openalex.org/W3124546432","https://openalex.org/W3124863417","https://openalex.org/W3125249465","https://openalex.org/W3125365440","https://openalex.org/W3126066164","https://openalex.org/W3152079971","https://openalex.org/W4233283265","https://openalex.org/W4239547599","https://openalex.org/W4244311369","https://openalex.org/W4244792446","https://openalex.org/W4250693879","https://openalex.org/W4292331560","https://openalex.org/W6683606044","https://openalex.org/W6889922643"],"related_works":["https://openalex.org/W2542032476","https://openalex.org/W3123536326","https://openalex.org/W6927308262","https://openalex.org/W6886053423","https://openalex.org/W2982738339","https://openalex.org/W4402403286","https://openalex.org/W3005335638","https://openalex.org/W3125538466","https://openalex.org/W7135817018","https://openalex.org/W2751833555"],"abstract_inverted_index":{"This":[0],"chapter":[1,38,103],"analyses":[2,40],"the":[3,7,25,41,49,73,93,105,108,119],"empirical":[4],"literature":[5],"on":[6,113],"effectiveness":[8],"of":[9,46,72,107,111,121],"unconventional":[10],"monetary":[11],"policies":[12,30,53],"(UMP)":[13],"in":[14,48,86,99],"responding":[15],"to":[16,34,118],"financial":[17,95,114],"crises":[18],"and":[19,43],"boosting":[20],"economic":[21,90],"activity.":[22],"It":[23,64],"considers":[24],"circumstances":[26],"under":[27],"which":[28],"these":[29,52],"have":[31],"been":[32],"found":[33],"be":[35],"successful.":[36],"The":[37,102],"also":[39],"financial-market":[42],"macro-economic":[44],"effects":[45,61],"UMP":[47,112],"economies":[50],"where":[51],"were":[54,84],"introduced":[55],"as":[56,58],"well":[57],"their":[59],"spillover":[60],"across":[62],"borders.":[63],"presents":[65],"some":[66],"international":[67],"evidence":[68,106],"that":[69,82,97,133],"underscores":[70],"one":[71],"main":[74],"claims":[75],"made":[76],"by":[77,137],"central":[78,139],"bankers":[79],"about":[80],"UMP:":[81],"they":[83],"essential":[85],"preventing":[87],"much":[88],"worse":[89],"outcomes":[91],"after":[92],"2008":[94],"crisis,":[96],"is":[98,125],"advanced":[100],"economies.":[101],"evaluates":[104],"short-term":[109],"impact":[110],"markets.":[115],"An":[116],"alternative":[117],"estimation":[120,126],"vector":[122],"autoregressive":[123],"models":[124,132],"using":[127],"dynamic":[128],"stochastic":[129],"general":[130],"equilibrium":[131],"are":[134],"widely":[135],"used":[136],"many":[138],"banks.":[140]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2022-05-12T00:00:00"}