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

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 Federal Reserve's policy framework is in flux, with credibility eroding after 4.5 years of missing its 2% inflation ...

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 ...

This note provides a conceptual framework to organize discussions of the appropriateness of the monetary policy stance and presents tools that country teams can employ to measure, report, and evaluate ...

In his December press conference, Federal Reserve Chair Jerome Powell said the central bank was embarking on a "new phase" of monetary policymaking. Just what that entails will play out over the next ...

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 ...