Central banks face challenges in post-crisis era, reshaping monetary policy.
Central bankers are facing challenges in designing monetary policy post-crisis. The focus has shifted to fighting low inflation, leading to experimental measures with potential long-lasting effects. Questions arise about the future of ultra-easy monetary policies, growth trajectories, and managing a return to higher interest rates. The crisis has broadened central banks' responsibilities towards financial stability. The current institutional set-up may need adjustments to address these changes.