Monetary policy: adapting to a changed world - speech by Gertjan Vlieghe

Given at the 2019 MMF Monetary and Financial Policy Conference, Bloomberg, London
Published on 15 October 2019

We’ve changed the way we think about the economy since the financial crisis, and we’ve adapted how we set monetary policy.

In his speech, Gertjan Vlieghe looks at how low interest rates have affected our approach. He examines the increasing number of monetary policy tools we use. And he talks about the constraints of an effective lower bound.

PDFMonetary policy: adapting to a changed world

Gertjan Vlieghe

External Monetary Policy Committee member from 2015 to 2021

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