Central banks shape the rhythm of the economy in many ways, from policy settings to money determinations that can have a ...

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 ongoing global regime shift toward higher interest rates and less liquidity will drive significant transformations of business investment and the allocation of resources. Given structural ...

Forbes contributors publish independent expert analyses and insights. Working on digital transformation by busting boundaries. During the 2023 Economic Policy Symposium "Structural Shifts in the ...

Monetary policy influences inflation dynamics by exerting impact on a diverse array of commodity prices. At high frequencies, we show that a 10 basis points increase in US monetary policy rate reduces ...

Inflation expectations are an important factor in monetary policy decisions. And with actual inflation far off target in many countries around the world, there has been an increased focus on inflation ...

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 ...

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 ...

Over the years the responsibility of stabilization policy have increasingly been place on the shoulders of central banks. However, for central banks to deliver on this mandate their monetary policy ...

Chair Powell emphasized Fed independence in his recent testimony, highlighting the importance of operational independence for achieving the dual mandate goals. Recent political pressures prompted ...