Monetary Policy Report August 20242024-09-10 11:29:34 · Bank of Zambia Download Executive Summary The Monetary Policy Committee, at its August 12-13, 2024 Meeting, decided to maintain the Monetary Policy Rate a
Posted in Argentina, Easy money, Inflation, Monetary Policy, tagged Argentina, Dollarization, Easy money, Inflation, Monetary Policy on August 25, 2023| 15 Comments » I wrote earlier this month about the shocking first-place finish by a libertarian in Argentina’s presidential primary. Today,...
I was working in the Monetary Policy Section (all 3 or 4 of us) of the Reserve Bank’s Economics Department at the time but although there had been talk of floating for months (pretty much since the devaluation in July 1984) and real policy challenges around maintaining the fix, the actu...
In the August 2022 Monetary Policy Report (MPR), prior to the EPG, the MPC projected CPI inflation to rise to just over 13% towards the end of 2022, with the risk that it would remain at very elevated levels throughout much of 2023 if wholesale gas prices remained high. This followed ...
that studies regarding the nexus between public debt (PD), exchange rates (ER), inflation (IF), monetary policy (MP), and economic growth (GDP) in Ghana is urgent and paramount, especially in periods d of escalating public debt and an inflation rate of 43.1 % as of August 25, 2023 [...
Using high-frequency measures of monetary policy shocks, I show that stock returns for non-US firms with a higher foreign debt ratio systematically respond more to US monetary policy via the exchange rate channel, especially for those firms with dollar-denominated bonds. I do not find similar tr...
… As the recession worsened, Volcker faced repeated calls from Congress to loosen monetary policy, but he maintained that failing to bring down long-run inflation expectations now would result in “more serious economic circumstances over a much longer period of time” (Monetary Policy Report 1982...
Here is a similar table from the 2024 Annual Report Really big increases in operating spending had been allowed both in the original 2020 Funding Agreement and in the August 2023 variation that Orr, Quigley, and Robertson had signed just before the election. You will note that in 2020/21 the...
First Online:19 August 2023 pp 61–81 Cite this chapter Monetary Policy Normalization Donato Masciandaro Part of the book series:Contributions to Economics((CE)) 360Accesses Abstract The never-ending debate on the optimal money elasticity and predictability, coupled with the recent wishes of the ma...
That was the lowest figure since August 1928. The 3% bank rate became “effective,” the market rate on 3-months bills rising above 2.5%. Here was a restrictive open market policy, designed to curtail the amount of idle money in the banking system. Between May 1930 and January 1931, the...