Contractionary monetary policy consists of actions taken by the Federal Reserve to curtail inflation by dampening economic growth. Learn more below. Policymakers in the central bank and federal ...

We study the role of regional housing markets in the transmission of US monetary policy. Using a FAVAR model over 1999q1–2019q4, we find sizeable heterogeneity in the responses of US states to a ...

Monetary policy and fiscal policy refer to the two most widely recognized tools used to influence a nation's economic activity. Monetary policy is primarily concerned with the management of interest ...

We incorporate incumbent innovation in a Keynesian growth framework to generate an endogenous distribution of market power across firms. Existing firms increase markups over time through successful ...

Michelle Bowes is a Sydney-based business and personal finance journalist; author of 'Money Queens: Rule Your Money', a personal financial guidebook for teenage girls; and a personal finance speaker ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Monetary policy is the bedrock of any ...