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

Lastly, expansionary monetary policy may increase the money supply ... from tariffs could be counterbalanced by the stimulative effects of lower taxes, deregulation, and more disciplined federal ...

I also intend to examine whether this common-currency model has any relevance for North America ... give up that part of their national sovereignty which relates to monetary policy. In effect, ...

the aggregate effect of elevated inflation levels over the past several years, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor ...

The central bank affirmed this stance at its March 19 meeting, when it held steady its benchmark federal funds rate as it assessed sweeping policy changes and the effect on the economy.

The central bank affirmed this stance at its March 19 meeting, when it held steady its benchmark federal funds rate as it assessed sweeping policy changes and the effect on the economy.

Finally, we include a model-based ... in oil prices. The effect of tariffs on exchange rates is complex. The United States, as the tariffing country, may see its currency appreciate as in previous ...

Monetary and balanced-budget fiscal policy have similar aggregate effects as in the standard new Keynesian model, while deficit-financed fiscal policy is much more expansionary. We discuss the split ...

In September 2008, the crisis worsened, and its effects were felt throughout the entire ... without compromising the credibility of our public policy frameworks. Thanks to the expansionary monetary ...

Monetary will be more supportive and we ... less regulation and a pro-growth policy mix. Orders for key capital goods improved. Our recession probability model odds fell as 2024 came to a close. In ...