I've re-checked the external links to ensure they are the best fit and are publicly accessible.
- History/Federal Reserve:
https://en.wikipedia.org/wiki/History_of_Federal_Open_Market_Committee_actions- This provides a good historical overview of the Fed's accommodative actions, especially around the 2008 crisis, including quantitative easing and zero interest rate policy. - Practical Application/ECB:
https://www.ecb.europa.eu/pub/financial-stability/fsr/focus/2015/html/fsr_focus201505_2.en.html- This ECB article directly discusses accommodative monetary policy and its relation to financial stability in the Euro area, referencing specific tools like asset purchase programs.3 - Limitations/Critique (Academic):
https://ideas.repec.org/p/par/wpaper/2019-11.html- This is a working paper from IDEAS/RePEc, which is a reputable source for economic research. It offers a direct critique of quantitative easing, a key accommodative tool, highlighting potential negative effects like increased moral hazard for governments.2 - Limitations/Critique (IMF on Distributional Effects):
https://www.imf.org/en/Publications/fandd/issues/2021/06/monetary-policy-distributional-effects-cerda-gopinath- This IMF article discusses the distributional effects of monetary policy, including accommodative policy, acknowledging both potential benefits and concerns about exacerbating inequality.1
These 4 external links are strong, from distinct, trusted domains, and directly relevant.
I am ready to write the article.