The trickier critique offered by Hamilton and Herrera (HH) focuses on the fact that BGW estimate the relationship between oil prices and macroeconomic variables using a model that includes seven ...

In a speech at a conference hosted by the North Macedonian central bank in Skopje on March 24, Huw Pill emphasised that when ...

Monetary Policy Summary, March 2026 At its meeting ending on 18 March 2026, the Monetary Policy Committee (MPC) voted ...

It is widely believed that a recession can be avoided when inflation expectations remain anchored to the inflation target under a rule-based monetary policy ...

We provide novel empirical evidence that firms’ investment is more responsive to monetary policy when a higher fraction of their debt matures. In a heterogeneous firm New Keynesian model with ...

When you ask economists what they think about the Federal Reserve’s monetary policy, as in interest rates, a growing number of them will tell you that rates are restricting the economy too much right ...

The Governing Council today decided to keep the three key ECB interest rates unchanged. It is determined to ensure that ...

Since the Global Financial Crisis, fiscal policy in advanced economies has become more “active” – that is, increasingly unresponsive to rising debt levels. This paper explores tensions between active ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge can ...

OTTAWA, Aug 13 (Reuters) - Ahead of the Bank of Canada's July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes ...