Discover how a policy mix combines fiscal and monetary policies to stabilize economies. Learn its components, benefits, and real-world applications in this comprehensive guide.

The McCallum Rule is a monetary policy theory and formula describing the relationship between the monetary base and nominal GDP growth.

You may have read that the words of the year for 2025 were phrases like “rage-bait,” “AI slop,” and, of course, “6-7.” I’d add a word of my own. In December, ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

By Xinghui Kok SINGAPORE, Jan 26 (Reuters) - Singapore's central bank has a unique method of managing monetary policy, ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...

The Federal Reserve doesn’t need to adopt a “Monetary Policy Rule.” Not only would the central bank shed the pretense of rules-based constraints on its power during times of upheaval and uncertainty ...

This paper presents a new dataset of monetary policy shocks for 21 advanced economies and 8 emerging markets from 2000-2022. We use daily changes in interest rate swap rates around central bank ...

We investigate the impact of high frequency monetary policy shocks in Brazil using daily data and Rigobon’ s identification via heteroskedasticity. We show that positive changes in interest rates ...

A rules-based approach is envisaged once inflation declines to the 3–4% range, with policy interest rate responding accordingly ...