Arguments for monetary policy are that it controls inflation through a target interest rate; is quick and easy to implement; can be undertaken by independent and politically neutral central banks ...

In a purely economic sense, inflation refers to a general increase in price levels due to an increase in the quantity of money; the growth of the money stock increases faster than the level of ...

We investigate the impact of high frequency monetary policy shocks in Brazil using daily data and Rigobon’ s identification via heteroskedasticity. We show that positive changes in interest rates ...

OTTAWA--Canada's central bank is asking questions of its monetary-policy framework as part of a regular review but has no intention of abandoning its 2% inflation target. "The 2% target has proven its ...

Monetary policy might sound abstract, but you see its effect every day in rates, credit conditions, and market swings. When the central bank shifts its stance, client behavior often changes with it.