Arguments for monetary policy are that it controls inflation through a target interest rate; is quick and easy to implement; ...

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it ...

When inflation affects countries globally, as it did after the COVID-19 pandemic, how should central banks respond? Chicago Booth’s Veronica Guerrieri and her coauthors find that if monetary ...

Discover how tax cuts and government spending drive economic growth through expansionary fiscal policy, a tool to boost ...

Last year, the U.S. economy grew at a faster rate than any other large, advanced economy. It looks like it will do so again this year. Crediting fiscal stimulus for the current economy misses two ...

Modern monetary theory increasingly supports a clear mandate: central banks work best when price stability is their primary objective ...

They said the decision of the Monetary Policy Committee, announced by the CBN Governor, Olayemi Cardoso, reflected improving ...