International Monetary Fund

Cyclical Inequality in the Cost of Living and Implications for Monetary Policy

This paper documents that households with higher marginal propensities to consume (MPCs) tend to consume goods with more ...

Waller Says Fed Policy Still in Restrictive Territory, Sees Room to Cut Rates

NEW ​YORK, Dec ‌17 (Reuters) - Federal Reserve Governor ​Christopher Waller said Wednesday that ‍the U.S. central ​bank still ...

Understanding the K-Percent Rule: Milton Friedman's Monetary Policy

Discover Milton Friedman's K-Percent Rule, which advocates for a steady, annual money supply increase aligned with GDP growth, ensuring economic stability.

Understanding Reflation: Monetary Policy, Methods, and Examples

Discover how reflation policies like tax cuts and infrastructure spending stimulate economic recovery after a slowdown. Learn ...
Opinion

Arthur Hayes argues new Fed liquidity tool “RMP” masks renewed money printing

Arthur Hayes' latest Substack essay argues the Federal Reserve’s new reserve management purchases resemble quantitative easing, expanding liquidity while being framed as a technical operation.