Review on Monetary Policy after the Great Recession: The role of interest rates, by Arkadiusz Sieron, London: Routledge 2021
In his worth-reading book, Monetary Policy after the Great Recession: the role of interest rates, Arkadiusz Sieron looks at the limits of monetary policy and, in particular, the effectiveness of unconventional monetary policy. Sieron takes a close look at the unconventional monetary policy measures used after the Great Recession. He begins his book with an analysis of the so-called transmission channels of monetary policy. In the mainstream, there are several theories of how monetary policy affects or transmits to real variables such as employment and economic growth.