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

Monetary policy might sound abstract, but you see its effect every day in rates, credit conditions, and market swings. When the central bank shifts its stance, client behavior often changes with it.

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

We investigate the impact of high frequency monetary policy shocks in Brazil using daily data and Rigobon’ s identification via heteroskedasticity. We show that positive changes in interest rates ...

Inflation may be down to the Federal Reserve’s target, if we subtract the effect of tariffs. Perhaps, then, the Fed can bring down interest rates more. That’s an implication of research at Harvard ...

In this opinion column, Alexander Salter argues that affordability is a structural problem that monetary policy can’t fix.

Explore how government policies influence markets, affecting currency value, interest rates, and industry operations. Learn ...