Category: Monetary Policy
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Labor supply, wages and monetary policy
According to new research, contractionary monetary policy decreases wage inequality and increases labor supply!
Uncertainty about the effects of monetary policy
Why economists are still uncertain about the impact of monetary policies and a new way to measure the costs of disinflation policies.
Forecasting in central banks
A survey of central banks’ forecasting frameworks and challenges.
On financial dominance
Should Central Banks increase interest rates when financial market turbulence is on the rise?
Managing a soft landing
New research on whether the Fed can engineer a soft landing.
Monetary policy and financial instability
More evidence on how persistently loose monetary policy, through its effect on financial markets can lead to a financial crisis.
“Monetary policy is 98 percent talk”*
New research on how tone and choice of topics during FOMC and ECB press conferences impact financial markets.
Central bank finance
Central banks are running with negative equity: what are the repercussions?
On monetary policy rules
New research on whether the Taylor Rule should still be the prevalent specification of monetary policy in macroeconomic models. A proposal for an alternative set of monetary rules.
Should household inequality affect the conduct of monetary policy?
New research on whether monetary policy is well-suited to deal with business-cycle shocks that affect the bottom of the income distribution.