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 ...
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...
Posted in Easy money, Economics, Federal Reserve, Inflation, Monetary Policy, Reagan, tagged Easy money, Economics, Federal Reserve, Inflation, Monetary Policy, Reagan on November 16, 2023| 11 Comments » When Reagan campaigned for the White House, his economic plan was based on four pillars...
On August 10, the PBOC released the China Monetary Policy Report (Q2 2022). On August 12, the PBOC and the CBIRC jointly issued the Notice on Issues Concerning the Issuance of Undated Capital Bonds by Insurance Companies, clarifying the core elements and issuance management of undated capital...
The never-ending debate on the optimal money elasticity and predictability, coupled with the recent wishes of the major central banks to normalize monetary policy, motivate this analysis. Its aim is to offer a review of the evolution of the modern concep
China's monetary policy might have more room for easing early next year as the US Federal Reserve has started to slow down rate hikes while domestic economic growth requires more support, experts said on Thursday. They said the Fed's tightening campaign to tame inflation has started to gear ...
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monetary policy, which has been evolving quickly. Higher interest rates were expected to be a modest speed bump to issuance totals this year, but they could become a larger hurdle depending on how the situation progresses and whether higher ...
So, insofar as the Fiscal Theory relies on the equivalence of government debt and government fiat money, it relies either on a zero nominal interest rate or a policy of paying competitive interest on reserves held at the Fed. I shall return to this point below. Keynes, in Chapter 17 of ...
Here are excerpts from an article in the October, 2023 AARP Bulletin: (ByDena Bunis, who covers Medicare, health care, health policy and Congress. She also writes the Medicare Made Easy column for theAARP Bulletin. An award-winning journalist, Bunis spent decades working for metropolitan dail...