Assessing monetary policies in the Eurozone, U.S., U.K. and Japan: new evidence from the post-crisis period

Forecasting the exchange rate with the Taylor rule model during times of alternative monetary policies

“…Salachas and Laopodis (2018) have used the same countries and shown that overall the non‐traditional monetary policies have stimulated their economies and restored some stability to the financial markets. Japan was the first of this sample to conduct alternative policies following the deflationary pressure of the 1990s.…”

“…In addition to QE, other policies have included forward guidance on future interest rate policies and targeted asset purchases to alter the makeup of the central bank's balance sheet in terms of alternative asset composition. In addition QE can be further divided into the pure expanding of the central bank's balance sheet, purchasing assets in failing asset markets and QE with the aim of portfolio rebalancing Salachas et al (2018). have used the same countries and shown that overall the non-traditional monetary policies have stimulated their economies and restored some stability to the financial markets.…”