Discover how the Federal Reserve stabilizes the U.S. economy using interest rates, open market operations, and reserve ...

This paper documents that households with higher marginal propensities to consume (MPCs) tend to consume goods with more ...

Discover how the monetary conditions index (MCI), which was developed by the Bank of Canada, evaluates economic conditions using interest and exchange rates.

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

Under the interest rate corridor (IRC) framework, the central bank sets the floor and ceiling of policy rate and lets other money market rates such as interbank rate move within this floor and ceiling ...

Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy. Monetary policy refers to the actions taken by a central bank or monetary ...

Financial conditions indexes summarize a broad range of financial indicators with the goal of measuring how financial markets affect economic activity. Evidence from event studies with high-frequency ...

China’s leadership has said monetary policy will remain “moderately loose” next year and that boosting domestic consumption ...

In economics, a booming economy where everyone has money to throw around isn't always a good thing. Like an engine, the economy can overheat, causing inflation; everyone has more money, but everything ...

Good morning. I’m very pleased to be in such eminent company, especially that of my former advisor at Stanford, John Taylor. And I’ll begin my presentation with a reference to another pathbreaking ...

Monetary liabilities are balances your business owes for certain accounts established by your business operations or the legal structure of your company. In most cases, a monetary liability is a fixed ...

CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy? And ...