Monetary policy, one of the tools governments have to affect the overall ... the Fed switched its operating strategy to reflect monetarist theory. But monetarism faded in the following decades as its ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

For the unfamiliar, modern monetary theory is a fringe school of economic ... attempted to turn this conspiratorial reasoning into policy by proposing price controls at the grocery store ...

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 theory states that monetary supply multiplied ... of the 1930s came about as a result of poorly conjured monetary policy by the Federal Reserve. The pair suggested that monetary supply should ...

The 49th meeting of RBI’s Monetary Policy Committee (MPC) ended on November 9. The committee arrived at a unanimous decision ...

The study finds that monetary policy in Brazil remains effective, as interest rate hikes reduce inflation expectations and ...

Annals of Economics and Statistics, No. 145 (March 2022), pp. 5-28 (24 pages) I present a New Keynesian model in which the central bank’s anti-inflationary preferences change over time. Agents do not ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...