神戸大学金融研究会（科学基盤研究（S）「包括的な金融・財政政策のリスクマネジメント：理論・実証・シミュレーション」共催）
Monetary Economics Seminar of Kobe University (Jointly supported by Grant-in-Aid for Scientific Research (S))
| 日時 (Date&Time) |
2018年9月22日（土）15:00 ～ 17:00 (Saturday, September 22, 2018, 3:00pm-5:00pm) |
|---|---|
| 会場 (Place) |
神戸大学経済経営研究所 会議室（研究所新館2階） Meeting Room at RIEB (Annex, 2nd Floor) |
| 報告言語 (Language) |
英語 (English) |
| 対象 (Intended Audience) |
基本的に会員制の研究会ですが、非会員で関心のある方の参加も歓迎します。ただし、事前に、研究会幹事の承認が必要となるため、共同研究推進室に参加希望についてご連絡ください。
連絡方法は下記備考欄をご確認ください。
The seminar is primarily for the workshop members. But non-members are also welcome to attend. If you would like to participate in the seminar, please contact us beforehand, as the seminar manager needs to be notified. To contact us, please refer to the information below. |
| 備考 (Note) |
論文のコピーは共同研究推進室にてご用意いたします。 Copies of the paper will be available at the Office of Promoting Research Collaboration. セミナーへ参加を希望される方はお手数ですが、ご氏名・ご所属・ご連絡先（メールアドレス）を開催日の1週間前までに共同研究推進室へご連絡ください。 If you would like to attend this seminar, please email us at Office of Promoting Research Collaboration your name, affiliation, email address by a week before the workshop. |
15:00 ～ 17:00 (3:00pm-5:00pm)
| 報告者 (Speaker) |
Kenneth N. KUTTNER |
|---|---|
| 所属 (Affiliation) |
Department of Economics, Williams College |
| 論題 (Topic) |
Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond |
| 概要 (Abstract) |
This paper provides an overview of unconventional monetary policy as implemented by the U.S. Federal Reserve after the global financial crisis. First, it reviews the key features of the Fed's Quantitative Easing and Forward Guidance policies. Second, it discusses the mechanisms through which the two policies may have affected financial markets, institutions, and the overall economy. Third, it surveys the evidence on the policies' financial and economic impacts. Fourth, it considers some of the policies' unintended side effects. The paper concludes with some thoughts on how unconventional monetary policy might be used in the future. |