Category: Monetary Policy

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Monetary Policy

Is inflation coming?

Concerns about inflation have reappeared, are they warranted?

Monetary Policy

A new look at central bank independence

Analyzing the impact of central bank independence on the economy and inequality.

Monetary Policy

Should central banks issue a CBDC?

The trilemmas and tradeoff that arise from the introduction of central bank digital currencies.

Monetary Policy

The dangerous r-star!

In countries with little fiscal space and low interest rates tracking r-star can be costly.

Monetary Policy

On nationally-oriented monetary policy

New research on international monetary cooperation: the incentives for and against.

Monetary Policy

Monetary policy with CBDC

How does a CBDC affect domestic monetary policy and the international monetary system?

Monetary Policy

Coherent policies that benefit all

“Lessons from 1933” and “Monetary policies for the masses” are two papers that explain the benefits of a joint monetary-fiscal policy and which policy benefits all in an unequal society.

Monetary Policy

Effectiveness of monetary policy during a pandemic

New research shows that accomodative monetary policy is less effective in a pandemic than in normal times.

Monetary Policy

On flat Phillips curves

Can staggered price indexation flatten the Phillips curve? What does a flat Phillips curve imply for monetary policy?

Monetary Policy

How to measure inflation going forward

COVID and decarbonization are affecting the standard measures of inflation. What are central banks to do?

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