Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency.Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which …
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Cato Institute · 14 November 2024 English
After President Joe Biden signed an executive order instructing the government to research and develop central bank digital currency (CBDC), nearly every agency responded with public reports. The one outlier …
right toRELATED TAGS Banking and Finance, Monetary Policy, Center for Monetary and Financial Alternatives …
Cato Institute · 14 November 2024 English
Earlier this week, the Cato Institute published Defending Globalization: Facts and Myths about the Global Economy and its Fundamental Humanity, a book I edited with Scott Lincicome. Over the past …
Cato Institute · 14 November 2024 English
You can't go long reading about higher education before coming across a lament about cuts in state funding for higher education, often called state disinvestment. There's just one problem--as documented …
Cato Institute · 14 November 2024 English
The goal of the 2025 tax extensions should be to keep tax rates low and meet calls for additional pro-growth tax cuts, such as a lower corporate tax rate and …
Cato Institute · 14 November 2024 English
President-elect Trump is promising to slash both legal and illegal immigration during his second term in office. He also wants to deport millions of immigrants who have entered the country …
Cato Institute · 14 November 2024 English
Once in a while a new book in religious studies comes out with a bold thesis, challenging old assumptions and raising some eyebrows. The Islamic Secular, a thick, dense, and …
Cato Institute · 13 November 2024 English
For nearly 90 years, a widespread misconception has shaped how Americans view Social Security. Many believe that their payroll taxes are saved in a trust fund, to be drawn down …
EPRS: European Parliamentary Research Service · 13 November 2024 English
This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 18 November 2024 in the ECON Committee. The …
union like the euro area, where a common monetary policy is implemented across different countries with …
SUERF: SUERF The European Money and Finance Forum · 13 November 2024 English
However, with the increasing focus on the dimensions of heterogeneity1 and the availability of more granular data, the significance of these factors may be underestimated. [...] In this brief, I …
sectors amplify or mitigate the transmission of monetary policy shocks, with a focus on price heterogeneity … heterogeneity is crucial in shaping the effects of monetary policy shocks. Figure 1 highlights that there is high … importance of sector-specific characteristics for monetary policy design in heterogeneous economies. 1 For example … output. Figure 2. Impulse Response Functions to Monetary Policy Shock for Manufacturing and Services. For different … impulse responses to a 1 standard deviation Monetary Policy Shock in the model with manufacturing and services …
Cato Institute · 13 November 2024 English
California voters decisively defeated an attempt to expand rent control, voters in eight of ten states looked favorably on abortion rights, school choice fared poorly, and Coloradans voted to impose …
