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 ...

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 ...

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 ...

The empirical model may also be used to construct a way to forecast the dependent variable, potentially helping policymakers make decisions about changes in monetary and/or fiscal policy to keep the ...

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?

Regressions run on model-generated data replicate the important regularities ... the failure of UIP results from the interaction of stochastic exchange market shocks with endogenous monetary 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 ...

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: ...