Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

The paper explores the various monetary policy strategies that may be pursued in the presence of dollarization, considers the implications of dollarization for the practical application and ...

The Federal Reserve's latest Monetary Policy Report describes the U.S. economy as being in a solid position amid a monetary policy stance that will be driven by incoming economic data. The report, ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded ...

In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the ...

What monetary policy instruments has the central bank used to achieve this objective, and what lessons has it learned in the process? Russia became independent at the end of 1991, when the Soviet ...

An interest-bearing and universally accessible central bank digital currency (CBDC) could be a versatile instrument that would, in theory, improve monetary policy by allowing non-linear transfers and ...