Understanding How Central Banks Control Inflation Through Monetary Policy

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

Monetary Policy and Inflation Expectations: High-Frequency Evidence from Brazil

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 ...
International Monetary Fund

Missing Imports in the Euro Area: Domestic Monetary Policy, Cross-Border Synchronization, and Demand Composition

This paper sheds new light on an overlooked channel of monetary transmission: the relationship between central bank interest rate policy and the economy’s trade position. It examines the impact of ...
San Francisco Fed

Uncertainty and Monetary Policy

In any meeting of monetary policymakers, uncertainty is likely to play an important role in their deliberations. According to Alan Greenspan (2003), “Uncertainty is not just an important feature of ...
The Conversation

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

Dan Cohen receives funding from the Social Sciences and Humanities Research Council Martine August receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC), and the ...