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Danthine: Swiss monetary policy facts… and fiction
I am very pleased to return to the Swiss Finance Institute almost six years after my departure for a final speech in my capacity as Vice Chairman of the Governing Board of the Swiss National Bank (SNB). My soon-to-end tenure at the SNB has been marked by significant deviations from textbook monetary policy orthodoxies, both on conceptual and on operational levels. In many respects, it was a time that was anything but conventional: Central banks around the world stepped up their efforts and made use of increasingly expansionary measures, many of them new, to fight off the risk of a second Great Depression in the wake ... (full story)