Remarks on QE Efficiency in the Context of NAIRU Shifts and IS-LM Approach

Authors

  • Jan Leszek Bednarczyk Kielce University of Technology
  • Marzena Sobol Kazimierz Pulaski University of Technology and Humanities in Radom

DOI:

https://doi.org/10.24136/ceref.2018.033

Keywords:

inflation, unemployment, low inflation trap

Abstract

The purpose of the paper is to prove the thesis that the capacities of unconventional monetary policy implemented by the central banks of economically developed countries and aiming at overcoming deflationary and stagnancy processes are becoming exhausted and it will not be in the position to bring about desired effects in the long run in accommodation of economic recovery and, in particular, sustainable improvement in labour market conditions. In consequence, economic authorities of developed countries will be compelled to look for new, more effective methods of supporting recovery.

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Published

2018-12-31

How to Cite

Bednarczyk, J. L., & Sobol, M. (2018). Remarks on QE Efficiency in the Context of NAIRU Shifts and IS-LM Approach. Central European Review of Economics & Finance, 28(6), 77–87. https://doi.org/10.24136/ceref.2018.033

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Articles