The Federal Reserve System (the Fed) plays a significant role in affecting monetary policy and financial conditions worldwide. Although it is important to analyse the Fed's communications to extract useful information, it is generally long-form and c...
funds rate (FFR) suitably. Changes in the Federal funds rate targets normally affect the interest rates that banks and other lenders charge on loans to firms
countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation. The monetary policy
Replication codes for Cúrdia, V., and M. Woodford (2010). "Credit Spreads and Monetary Policy," Journal of Money, Credit and Banking, 42 (s1), pp. 3-35. (⭐ 3)
I study a repeated auction in which payments are made with a blockchain token created and initially owned by the auction designer. Unlike the ``virtual money'' previously examined in mechanism design, such tokens can be saved and traded outside the m...
We develop a new type of automated market maker (AMM) that helps to maintain stability and long-term viability in a stablecoin. This primary market AMM (P-AMM) is an autonomous mechanism for pricing minting and redemption of stablecoins in all possib...
May 28, 2025 · The May 2025 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy. It underlines the …
Apr 28, 2024 · Vechain blockspace is valued close to zero. It is centralized with an obscure prof of authority consensus mechanism, a manual monetary policy which last bull reacted to rising tx costs …
Applying Text Mining algorithms to determine the sentiment in the minutes of Banco de México's monetary policy meetings. (⭐ 3)
The year is 1982. New wave and synthpop are the hot new music on the market. The economy has entered a recession due to high inflation and aggressive monetary policy under Federal Reserve Chairman Pau...
We study optimal monetary policy when a central bank maximizes a quantile utility objective rather than expected utility. In our framework, the central bank's risk attitude is indexed by the quantile index level, providing a transparent mapping betwe...
Quantitative easing (QE) is a monetary policy action where a central bank purchases predetermined amounts of government bonds, company shares, or other
a comprehensive economic policy coupled with flexible adaptation to market studies. Combining monetary, credit, trade, tax, customs, investment, and social
Replication codes for the UK VAR identified with high frequency monetary policy surprises in Cesa-Bianchi, Thwaites, Vicondoa (2020, EER) (⭐ 7)
This study investigates the impact of increased debt servicing costs on household consumption resulting from monetary policy tightening. It utilizes observational panel microdata on all mortgage holders in Israel and leverages quasi-exogenous variati...
Replication code for "Monetary Policy, Credit Spreads, and Business Cycle Fluctuations" (⭐ 18)
Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy
With negative growth in real production in many countries and debt levels which become an increasing burden on developed societies, the calls for a change in economic policy and even the monetary system become louder and increasingly impatient. We re...
The report was written by Michael Feroli (JP Morgan), Ethan Harris (Bank of America), Amir Sufi (Chicago Booth), and Kenneth West (University of Wisconsin). The report was discussed by the …
The conference began with this year’s report, A Skeptical View of the Impact of the Fed's Balance Sheet, presented by James Hamilton (UC San Diego), Kenneth West (University of Wisconsin), David …