C. Peter McColough Series on International Economics With Governor Rhee Chang Yong of the Bank of Korea Bank of Korea Governor Rhee Chang Yong discusses monetary policy in South Korea and the ...

The optimal monetary policy response to tariffs is expansionary, research from the Federal Reserve Bank of Minneapolis has ...

Research published on March 4 by the Bank for International Settlements offers an explanation of the apparent sensitivity of ...

The model reproduces the contractionary effects of monetary policy uncertainty shocks recently documented in the empirical literature. In addition, the model shows that learning reduces the effects of ...

Indicate clearly and unambiguously to the public that hitting the inflation target takes precedence over all other objectives of monetary policy. •Set up a model or methodology for inflation ...

It’s more than a shock—it’s a structural change. To get an estimate of how much lower production and incomes would be, you need an economic model. As described in our January Monetary Policy Report ...

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?

Federal Reserve Chair Jerome Powell said Friday that the central bank is working to separate “the signal from the noise” in order to formulate its monetary policy amid a flurry of new initiatives ...

Likewise, estimates of the long-run benefits of a more flexible monetary policy are limited, and they range widely. We are aware of only two papers that study this issue: Davoodalhosseini (2018), in ...