Discover how the Bank of England shapes U.K. monetary policy, sets interest rates, and ensures financial stability, mirroring ...

Discover how the monetary conditions index (MCI), which was developed by the Bank of Canada, evaluates economic conditions using interest and exchange rates.

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

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

CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy? And ...

In economics, a booming economy where everyone has money to throw around isn't always a good thing. Like an engine, the economy can overheat, causing inflation; everyone has more money, but everything ...

In his December press conference, Federal Reserve Chair Jerome Powell said the central bank was embarking on a "new phase" of monetary policymaking. Just what that entails will play out over the next ...

Central banks debate whether using monetary policy to foster financial stability through house prices is advisable. Although a rise in interest rates tends to lower house prices, it may come at a ...

Good morning. I’m very pleased to be in such eminent company, especially that of my former advisor at Stanford, John Taylor. And I’ll begin my presentation with a reference to another pathbreaking ...

Monetary policy is the area of economic policy dealing with how much money is available in the economy and how easy it is to borrow money. Economics study the effects of monetary policy on growth, ...