We provide a theory of the limits to monetary policy independence in open economies arising from the interaction between capital flows and domestic collateral constraints. The key feature of our ...

Discover non-standard monetary policies, those beyond traditional methods, and their role in economic recovery; see examples like quantitative easing and negative rates.

Central banks are the key to waging expansionary monetary policy campaigns, when a nation’s economy needs the help most. Expansionary monetary policy is an economic policy engineered by a country’s ...

We study the role of regional housing markets in the transmission of US monetary policy. Using a FAVAR model over 1999q1–2019q4, we find sizeable heterogeneity in the responses of US states to a ...

In recent weeks, a number of signs have appeared suggesting that the recovery of the U.S. economy from the recent recession is on a bumpy path. During the second quarter of 2002, real GDP grew at an ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Using high-frequency responses of oil futures prices to prominent oil market news, we estimate the effects of oil supply news shocks when systematic monetary policy is switched off by the zero lower ...

A relatively new school of thought called “Modern Monetary Theory” (MMT), which holds that governments that issue their own currencies do not have to worry about financial constraints on spending, has ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. The broader economic landscape always affects ...