She pointed out (correctly) that in those projections, annual inflation was expected to be back down to 2.2 per cent by the year to September 2022 (with, as it happens, very little monetary policy help at all: as everyone agrees, there are long lags, and by the end of 2021 the OCR ...
Posted in Canada, Inflation, Monetary Policy, tagged Canada, Inflation, Monetary Policy, Trudeau on September 24, 2023| 9 Comments » I gave a speech last year in Sweden to explain that inflation was caused by central banks such as the Federal Reserve, European Central Bank, and Bank of...
By Robert Poole, Director of Transportation Policy, September 12, 2023 (Robert Poole is one of the founders of the Reason Foundation [which publishes Reason Magazine] and served as its president and CEO from 1978 to 2000.He is currently director of transportation policy at the Reason Foundation ...
China will implement a sound monetary policy that is more precise and effective, keeping steady credit expansion and encouraging financial institutions to further reduce real lending interest rates, said a report from the State Council on financial work. Enterprises' comprehensive financing costs and ind...
First, the bond market has been severely distorted and financial policy lost its flexibility. The BOJ has implemented the yield curve control program for a long time. By buying a large amount of bonds, the 10-year government bond yield has been controlled within the target range, which caused...
2023. Identifying exchange rate effects and spillovers of us monetary policy shocks in the presence of time-varying instrument relevance. Journal of Applied Econometrics 38(7): 989-1006. Maggiori, Matteo. 2022. International macroeconomics with imperfect financial markets. In Handbook of International ...
This passage was likely written in mid-1931, the first edition having been published in September 1931. In the second edition published two years later, Hawtrey elaborated on the conditions in 1931 discussed in the first edition. Describing the context of the monetary policy of the Bank of Engl...
March 1, 2025 Exchange rate, Monetary policy, New Zealand economic history Last year there was an interesting new book out, made up of 29 collected short papers by (more or less) prominent economists given at a 2023 conference to mark Floating Exchange Rates at Fifty. The fifty years relat...
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 ...
Passing legislation that could be north of $4 trillion is “ridiculous when you already have debt that’s headed to record levels,” said Marc Goldwein, senior vice president and senior policy director at the CFRB. The so-called “federal debt” is not debt, and it is not a financial ...