This paper sheds new light on an overlooked channel of monetary transmission: the relationship between central bank interest rate policy and the economy’s trade position. It examines the impact of ...
President Trump imposes a 25% tariff on all steel and aluminum imports, while Fed Chair Powell cautions against acting too quickly to change interest rates, emphasizing that the current monetary ...
We study the role of life insurers in the transmission of US monetary policy. Insurers have uniquely long-term liabilities. We posit that they face a trade-off between matching liability duration ...
Real money supply continues to decline, signaling tight monetary conditions. Excess money from prior stimulus is likely still cushioning parts of the economy. This buffer has delayed the full impact ...