New SNB Economic Note: Florian Böser, Antoine Martin and Sabrina Stadelmann compare the various approaches used by major central banks, including the Swiss National Bank, in their implementation of monetary policy. Abstract: This note discusses the approaches of the Federal Reserve, European Central Bank, Bank of England, Sveriges Riksbank and Swiss National Bank for implementing monetary policy. Interestingly, the current approaches chosen by these central banks cover all stylised options suggested by the well-established theoretical framework of Poole (1968). The different choices can be explained by specific implementation objectives and institutional settings. https://lnkd.in/dbvfc47w
