We build a model that combines (i) heterogeneous households with incomplete markets, and (ii) state-dependent pricing with strategic complementarities by firms, to analyze the effects of large ...

Papers presented at the conference on “Macroeconomic Models for Monetary Policy” held March 6, 2009, at the Federal Reserve Bank of San Francisco addressed such issues as how to model wage and price ...

Many central banks make policy decision collectively in the form of a committee. With the increased public communications of policy actions, wording over policy statements became an important tool for ...

This Selected Issue paper focuses on modeling monetary policy in resource-rich economics in Angola. This paper uses an extended semistructural New Keynesian model to simulate shocks and analyze policy ...

Taras Tokarchuk has been appointed Director of the Monetary Policy and Economic Analysis Department of the National Bank from ...

This paper presents a semi-structural macroeconomic model aimed at facilitating policy analysis and forecasting, primarily in countries with imperfect capital mobility and hybrid monetary policy ...

The following information was released by the Federal Reserve Board:. Thank you, Isabel, and thank you to the organizers for the invitation to be part of this discussion.1. This lesson was brought ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

The Federal Reserve's quantitative approach since Bernanke has driven steady economic growth and a robust stock market over 16 years. Quantitative easing and tightening, focused on securities ...

This article originally appeared on the Brookings Institution site on April 7, 2015. To read the original version of this post, click here. In response to the Great Recession, the Federal Reserve has ...

The International Monetary Fund (IMF) has called on the Central Bank of Kenya (CBK) to strengthen its monetary policy framework by adopting a model that better reflects the growing influence of fiscal ...