What are some examples of contractionary monetary policies that were perceived as unsuccessful or that had unintended consequences?

Apr 12, 2023 ... Also known as tight monetary policy, contractionary policy decreases a nation's money supply to curb rampant inflation and keep the economy in ... ... policy. Impulse response of unemployment rates for high and low-skill workers show low-skill workers bear a greater burden of contractionary monetary policy ... Our results are as follows. First, we find that firms' bank loan expectations react to monetary policy, with a contractionary shock leading to a downward. Keywords: Monetary policy, collateral constraints, currency mismatches, carry trade, spillovers. Page 2. BIS Working Papers are written by members of the ... They also point to the Fed's unwillingness to try unconventional easing policies in the wake of the financial crisis as a further tightening of monetary policy. Contractionary monetary policy surprises increase income inequality, and most of this effect is due to the response of labor income (income attributed to ... Oct 5, 2023 ... A contractionary monetary policy shock leads to a significant increase in labor supply: workers reduce the rate at which they quit jobs to non-employment. ... contractionary monetary policy have two effects on households' labor supply decisions. On the one hand, when monetary policy tightens, there's a ... Jun 5, 2011 ... As Congress considers policies to foster economic growth, arguments have been made that the traditional expectations of fiscal policy, ... ... contractionary policy in the recovery that has followed. If matters continue that way, fiscal policy may lose its utility as a means of sparking economic growth ...