Category: Monetary Policy
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The Fed’s way forward
Should the Fed move to a rules-based monetary policy? How to avoid becoming a prisoner of financial markets.
Politics and monetary policy
Can a central bank affect the political selection and accountability of the executive?
Revisiting Minsky
Are financial crises predictable? If so, what is the optimal policy during a boom?
Some considerations for ECB’s Policy Review
Should the ECB adopt a higher inflation target or change its policy rule?
Expectations and monetary policy
How can central banks manage expectations during unprecedented crises? A new measure of inflation expectations.
A new look at central bank independence
Analyzing the impact of central bank independence on the economy and inequality.
Should central banks issue a CBDC?
The trilemmas and tradeoff that arise from the introduction of central bank digital currencies.
The dangerous r-star!
In countries with little fiscal space and low interest rates tracking r-star can be costly.
On nationally-oriented monetary policy
New research on international monetary cooperation: the incentives for and against.