The natural rate of interest, also known as r-star, is a key variable for analyzing fiscal and monetary policy. A novel ...

Release of the Monetary Policy Report ... experience rising incomes, expansionary demand pressures, and perhaps increased capital inflows. Countries that are heavy users of energy would experience the ...

Definition: Liquidity trap is a situation when expansionary monetary policy (increase in money supply) does not increase the interest rate, income and hence does not stimulate economic growth.

China's exports for April rose 8.1% in comparison to the previous year as consumers and companies tried to lock in purchases before tariffs take effect ... response for monetary policy is at ...

China's exports for April rose 8.1% in comparison to the previous year as consumers and companies tried to lock in purchases before tariffs take effect ... response for monetary policy is at ...

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to ...

An analysis by Goldman Sachs finds that reducing the independence of central banks like the Federal Reserve can contribute to higher inflation, lower stock prices and a weaker currency.

We uncover a new channel—the zombie lending channel—in the transmission of monetary policy to nonfinancial corporates. This channel originates from the presence of unviable and unproductive (zombie) ...

This paper examines the experience of implementing indirect instruments of monetary policy. The experiences of country studies illustrate the variety of circumstances under which indirect instruments ...

Officials are puzzling over whether to focus on the risks of higher prices or weaker hiring ...

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