New research examines the relation between reserve demand and the effective federal funds rate -interest on reserves spread.

Will the Fed’s current policy lead to stagflation or its critics are looking at the wrong model?

Two new working papers argue that average inflation targeting improves central bank credibility and  employment of populations with lower labor force attachment.

What is the optimal monetary policy in the presence of asymmetric shocks in a closed as well as in an open economy?

In HANK models, should optimal policy stabilize consumption inequality or focus on price stability?

Is the Fed behind the curve?

Taking a deeper look at the “Fed information effect.”

Interesting research on what drives institutional reforms as well as monetary policy framework reviews in central banks.

The importance of anchoring inflation expectations.

There are many divergent views about whether President Biden should re-appoint Jerome Powell.