Arguments for monetary policy are that it controls inflation through a target interest rate; is quick and easy to implement; ...

Discover how monetary theory influences economic activity through money supply changes, with insights on central bank ...

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

AI does not exert a uniform impact across monetary policy environments. The effect of AI appears strongest in lower quantiles of monetary policy performance, where conditions are weaker or less stable ...

But it is only part of the job.Our other responsibility is to explain what we've done, where it has worked and where it hasn't, and how it informs us in future actions. So, today I will talk about ...

1. Modern monetary theory and the case for gold. With central banks around the world loosening monetary policy in response to flagging growth and possible trade-war fallout, modern monetary theory ...

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 ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

The S&P 500 is poised for further appreciation in 2026, led by non-tech sectors amid an accelerating capital rotation from tech, alongside additive earnings appreciation prospects. Accommodative ...

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 ...

The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...