Bernanke and Blinder, both former U.S. Federal Reserve officials, have written complementary books on the history of central banking and macroeconomic policy in the United States. In contrast to ...

In 2019, the U.S. economy was experiencing steady growth, prompting the Federal Reserve to maintain a balanced approach to monetary policy. After raising interest rates throughout 2018, the Fed began ...

Understanding the differences between monetary policy and fiscal policy is crucial for investors in 2024 and beyond. Fiscal policy has a more significant impact on the stock market than monetary ...

This data series is part of the Center for Monetary Research. Monetary Policy Surprises data capture the exogenous changes in interest rates over tight windows around the monetary policy announcements ...

In any meeting of monetary policymakers, uncertainty is likely to play an important role in their deliberations. According to Alan Greenspan (2003), “Uncertainty is not just an important feature of ...

The forthcoming visit of the Deputy Managing Director of the International Monetary Fund to The Gambia provides an important opportunity for reflection and clarification. Among many Gambians, there is ...

How does rational inattention interact with financial frictions? I provide new empirical evidence from survey data suggesting that this interaction likely plays a critical role in understanding ...

The Federal Reserve is the central banking system of the United States, created in 1913 to provide the nation with a stable and flexible monetary and financial system. The Fed is responsible for ...

New research employing advanced machine learning techniques reveals that China's collateral monetary policy has significantly stimulated shadow banking growth while increasing bank risks. The study ...