A new study that examined 150 years of tariffs in the U.S. and abroad found they disrupt the economy and financial markets so much that the result is lower inflation. The conclusion goes against the ...
Arguments for monetary policy are that it controls inflation through a target interest rate; is quick and easy to implement; ...
Advanced economies are grappling with a pernicious mix of high and rising public debt and persistent inflation. The textbook remedy for this twin challenge is a mix of monetary and fiscal policies: ...
Federal Reserve Vice Chair Philip Jefferson said Friday that, while the central bank's near-term monetary policy choices will be based on incoming data, forthcoming productivity gains brought on by ...
In this paper we study how aggregate demand surprises affect and propagate to the global economy, with particular attention to their impact on Emerging Market Economies (EMEs). To do so, we introduce ...
Top economist David Rosenberg thinks the hit to demand from high oil prices will outweigh any inflationary shock over the long run.