Category: Monetary Policy
Asymmetric shocks and monetary policy
What is the optimal monetary policy in the presence of asymmetric shocks in a closed as well as in an open economy?
Optimal policy and HANK models
In HANK models, should optimal policy stabilize consumption inequality or focus on price stability?
Central bank communication and financial markets
Taking a deeper look at the “Fed information effect.”
Why do central banks undertake reforms?
Interesting research on what drives institutional reforms as well as monetary policy framework reviews in central banks.
Should Jerome Powell be re-appointed?
There are many divergent views about whether President Biden should re-appoint Jerome Powell.
Housing costs and inflation in the Eurozone
The inflation index the ECB currently uses does not include the cost of “Owner-Occupied Housing.” Is inflation understated?
Anchored expectations and the Phillips curve
Do firmly anchored expectations contribute to the flattening or steepening of the Phillips curve in the U.S.?