Advanced text with assignment
Policy rate, economic development and inflation: a central bank’s decision-making process
Latest change:
Adjustment of documents due to the move of the SNB policy rate into positive territory
Entire change historyThe six-page advanced text explains the basic mechanism of monetary policy, the decision-making process behind it, and today’s unconventional monetary policy.
The students are able to:
Monetary policy |
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| A central bank has a clearly defined mandate: It must pursue a monetary policy that serves the interests of the relevant country or currency area as a whole. Its primary goal is to ensure price stability. |
Six source texts on the monetary policy of the Swiss National Bank (SNB) |
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| For those wishing to gain further insights into monetary policy after having read the knowledge sheet on this topic (contained in the monetary policy unit), Iconomix has selected six source texts – studies, speeches and excerpts from SNB publications. |
Extraordinary times call for extraordinary measures: In the aftermath of the 2007/2008 financial crisis, monetary policy changed substantially – not just in Switzerland but worldwide. How can the functioning of today’s monetary policy be described in a way that captures these changes? A new Iconomix knowledge sheet provides an answer.
Concept:
Iconomix
Authors:
Dr. Pascal Meichtry, Banque de France; Dr. Manuel Wälti, SNB
Educational proofreading:
Dr. Petra Gerlach, SNB
Charts:
clearbrand gmbh, Zurich
Translation & proofreading:
SNB Language Services
