Journal of the Royal Statistical Society. Series A (Statistics in Society), Vol. 182, No. 3 (2019), pp. 831-861 (31 pages) The paper develops a global vector auto-regressive model with time varying ...

Learn how accommodative monetary policy by central banks expands the money supply and stimulates economic growth through lower interest rates.

Monetary policy is often regarded as having only temporary effects on the economy, moderating the expansions and contractions that make up the business cycle. However, it is possible for monetary ...

This study examined the relationship between the Monetary Policy Rate (MPR) and inflation across five continents from 2014 to 2023 using both Frequentist and Bayesian Linear Mixed Models (LMM). It ...

The IMF’s Advances in Monetary Economics (AME) Conference takes place annually in conjunction with the Camdessus Central Banking Lecture. It brings together economists from the academic and policy ...

Good evening and welcome to the Federal Reserve Bank of San Francisco. It’s a special pleasure to have you with us. As Chairman Bernanke has noted, economics education is “a critical component of the ...

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.

Central banks use tools such as interest rates to adjust the supply of money to keep the economy humming Monetary policy has lived under many guises. But however it may appear, it generally boils down ...

Finance and economic experts yesterday expressed optimism that the new monetary and macroeconomic policy direction announced by the Central Bank of Nigeria (CBN) would lead to a more virile financial ...