As a result, we needed to find a new nominal anchor. A policy based on a monetary aggregate did not seem feasible, particularly considering the uncertainties inherent in the crisis sweeping through ...

C. Peter McColough Series on International Economics With Governor Rhee Chang Yong of the Bank of Korea Bank of Korea Governor Rhee Chang Yong discusses monetary policy in South Korea and the ...

The People's Bank of China (PBC), the central bank, said on Thursday that it will lower the reserve requirement ratio (RRR) ...

Treasuries rallied as President Donald Trump’s comments on Sunday that the US economy is facing “a period of transition” ...

B. (2012). Monetary policy rules work and discretion doesn’t a tale of two eras. Journal of Money, Credit and Banking, 44(6):1017–1032. Terasvirta, T. (1994). Specification, estimation, and evaluation ...

Bernstein's jumbled response about monetary policy sparked criticism of the ... He was an advisor to the Biden-Harris ...

The Bank is among the first central banks to combine climate-economy models with macroeconomic models to assess transition risks. Following a comprehensive review and consultation process, the Bank ...