The issue of the fiscal-monetary distinction may also arise in the case of the nonconventional policy known as quantitative easing, in which the central bank provides additional support for the economy and the financial system by expanding the monetary base, for example, through the purchase of long-term securities.
Successes achieved in the past The present model of monetary policy was designed by the Commission of Inquiry into the Monetary System and Monetary Policy (De Kock Commission) during the course of the 1980’s and was implemented in South Africa more vigorously since 1989.