Arguments for monetary policy are that it controls inflation through a target interest rate; is quick and easy to implement; ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...

Central banks in late 2021 kicked off the steepest and most coordinated series of interest rate hikes in four decades to contain the postpandemic inflation outbreak (see Chart 1). Many economists ...

The Border Tax Is Back, and It’s Still a Terrible Idea Are We All Marxists Now? Audio By Carbonatix A predictable, rules-based monetary policy would deliver the price stability that labor markets ...

This paper assesses the transmission of monetary policy using a new state-of-the-art intra-day dataset of monetary policy shocks for 16 advanced economies and emerging markets, the most comprehensive ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...