1st Edition
Monetary Policy after the Great Recession The Role of Interest Rates
ACKNOWLEDGEMENTS *
ILLUSTRATIONS *
GLOSSARY *
INTRODUCTION *
CHAPTER I: THE INTEREST RATE CHANNEL; OR, CAN ONE MAKE A HORSE DRINK WATER? *
CHAPTER II: THE PORTFOLIO-BALANCE CHANNEL; OR, ARE MONETARIST BETTER THAN KEYNESIANS? *
CHAPTER III: SHOULD WE BE AFRAID OF VENTURERS? MONETARY POLICY AND RISK TAKING *
CHAPTER IV: SHOULD WE BE AFRAID OF ZOMBIES? MONETARY POLICY AND RESOURCE ALLOCATION *
CHAPTER V: ARE CENTRAL BANKS NEUTRAL? MONETARY POLICY AND THE NEUTRAL INTEREST RATE *
CHAPTER VI: IS THERE LIFE BELOW ZERO? MONETARY POLICY AND NEGATIVE INTEREST RATES *
CHAPTER VII: ARE WE FALLING INTO A DEBT TRAP? MONETARY POLICY AND DEBT *
SYNOPSIS AND FINAL CONCLUSIONS *
APPENDIX: WHAT ELSE WILL CENTRAL BANKS TRY TO DO? *
LITERATURE *
Biography
Arkadiusz Sieroń received the title of Doctor of Economic Sciences in 2016; and has been an assistant professor at the University of Wrocław since 2017. He is a board member of the Polish Mises Institute of Economic Education and author of several dozen scientific publications (including in such periodicals as the “Prague Economic Papers,” “Quarterly Journal of Austrian Economics,” and “Research in Economics”). He received scholarships at The Ludwig von Mises Institute in America (2014 and 2018 Summer Fellowships), won the 2018 Lawrence W. Fertig Prize for the best paper advancing economic science in the Austrian tradition in 2017, and placed third in the sixth International Vernon Smith Prize for the Advancement of Austrian Economics.
