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 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 ...

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

AT A GLANCE: • Tight monetary policy aims to slow down an overheated economy by increasing interest rates. Conversely, loose monetary policy aims to stimulate an economy by lowering interest ...

In addition, we use the model to keep the risk premium constant in the scenario. In the data, the policy responses occur at the same time as broad economic changes. The exchange rate moves because 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 ...