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 ...

As a consequence, developing and transition economies that still maintain a fixed exchange rate as a nominal anchor for monetary policy are coming under mounting pressure to move either toward more ...

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 ...

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

CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the world to highlight significant global trends in monetary policy. Who is tightening policy? Who is loosening policy?

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

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 ...

and smooth transition to adopt better prudential standards will be ensured. The monetary policy provides a comprehensive blueprint of guidance to the REs where balancing the trade-off between ...

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 ...