Most people judge monetary policy in terms of the level of interest rates. More sophisticated pundits suggest that you need to look at the expected path of interest rates over time.

How does the Fed try to achieve these goals? With its "three instruments of monetary policy": open market operations, the discount rate, and reserve requirements.3 instruments Decisions about open ...

The paper explores the various monetary policy strategies that may be pursued in the presence of dollarization, considers the implications of dollarization for the practical application and ...

Monetary Policy Instruments: Central bank steps to stabilise prices. Dec 20, 2011 1 mins read. Banks. by dance transparent stability. locked content. get village have risks locked contenttransparent ...

Asset Price Bubbles: The Implications for Monetary, Regulatory, and International Policies. 2003. Edited by William Hunter, George Kaufman, and Michael Pomerleano. Cambridge, MA: MIT Press. Asset ...

This paper looks at whether sticky-price New Keynesian models with microfounded inertia can usefully describe U.S. data. I estimate a range of models, considering specifications with either internal ...

The West African Economic and Monetary Union (WAEMU) is a currency union with a fixed exchange rate and limited capital mobility and, therefore, an independent monetary policy in the short run. The ...