Central Bank Independence Before and After the Financial Crisis

金融危机前后的中央银行独立性

• 批准号: 2098306
• 金额: --
• 依托单位: London School of Economics and Political Science
• 依托单位国家: 英国
• 项目类别: Studentship
• 财政年份: 2018
• 资助国家: 英国
• 起止时间: 2018 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=studentship-2098306
• 关键词: Central; Bank; Independence; Before; After

The Great Recession has significantly questioned the role of central banks in conducting monetary policy independently of politics. In fact, unconventional measures (balance-sheet policies) have narrowed the difference between monetary policy and fiscal policy, making monetary policy quasi-fiscal in their nature. The project aims to asses, mainly studying the ECB experience from 2000 to 2018, whether the border between monetary and fiscal policies has been breached, thereby making the monetarist concept of central bank independence completely irrelevant in time of severe financial crises.

大衰退严重质疑了中央银行在独立于政治实施货币政策方面的作用。事实上，非常规措施（资产负债表政策）缩小了货币政策和财政政策之间的差异，使货币政策具有准财政性质。该项目旨在评估，主要研究欧洲央行2000年至2018年的经验，货币政策和财政政策之间的边界是否已经被突破，从而使货币主义者的央行独立性概念在严重的金融危机时期完全无关紧要。