After the global financial crisis, the monetary-fiscal policy mix was the key to preventing a more severe and persistent ...

Modern monetary theory increasingly supports a clear mandate: central banks work best when price stability is their primary objective ...

Financial conditions indexes summarize a broad range of financial indicators with the goal of measuring how financial markets affect economic activity. Evidence from event studies with high-frequency ...

The relationship between growth and stability is not a trade-off to be handled, but a complementarity to be comprehended. For economic progress to be sustainable, both are needed. Policies that hurt o ...

This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for an unbalanced sample of 33 advanced and emerging market economies during the ...

This data series is part of the Center for Monetary Research. Monetary Policy Surprises data capture the exogenous changes in interest rates over tight windows around the monetary policy announcements ...

Does “monetary policy” – in the form of interest rate adjustments – actually work? Can the Federal Reserve “tame” inflation by raising the Federal Funds Rate? The question arises today because despite ...