From a macro perspective, the oil shock is another form of monetary tightening. This is why the recent repricing in interest ...

We incorporate incumbent innovation in a Keynesian growth framework to generate an endogenous distribution of market power across firms. Existing firms increase markups over time through successful ...

BRASILIA, Aug 14 (Reuters) - Brazil's inflation has shown more downside surprises than analysts had expected, but remains above target and is being driven by strong demand, requiring contractionary ...

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 ...

Bank of Japan Governor Ueda commits to effectively steering monetary policy to achieve a stable 2% inflation target. Ueda: ...

By Arize NwobuInterest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are ...

Using high-frequency responses of oil futures prices to prominent oil market news, we estimate the effects of oil supply news shocks when systematic monetary policy is switched off by the zero lower ...

The Fed should not worry that higher oil prices will be inflationary; they should worry that Iran War uncertainty that is not ...