Category: Monetary Policy
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Monetary policy spillovers
As major central banks are withdrawing monetary accommodation what are the spillover effects on both advanced and emerging economies?
Central Bank of Turkey vs Central Bank of Argentina
Neo-Fisherism works in Turkey while the Phillips curve works in Argentina.
A central bank with spunk!
Populism, exchange rate turmoil, high inflation and 70 years of stabilization plans.
Monetary base injections
Permanent versus temporary monetary base injections and their impact on the economy at the ZLB.
Uncertainties about balance-sheet policy
Are large scale asset purchases an effective instrument of monetary policy?
On central banks
Athanasios Orphanides of MIT on central banks and democratic legitimacy. A new working paper on whether central banks respond promptly to global economy developments.
New research on the forward guidance puzzle
Does the forward guidance puzzle really exist?