Dennis Robertson, the late Cambridge economist, was fond of saying that economic fashion was like going to the greyhound races. If you stood still long enough, the old dogs would come around one more ...

This widespread belief that monetary aggregates are uninformative is incorrect. This widespread belief has resulted in governments not estimating monetary aggregates, or else estimating them for a ...

New York, N.Y. – December 3, 2008 – In conventional macroeconomic thinking, the money supply is considered the main determinant of long-run inflation. A variety of monetary aggregates have been ...

In August 2009, the State Bank of Pakistan (SBP) officially changed its monetary policy framework from targeting monetary aggregates to an interest rate-based monetary policy framework, known as the ...

The world economy faced a steep rise in the inflation rate in 2022, with rising inflation observed in both developed and developing economies. A series of global events triggered and aggravated the ...

Executive Directors welcomed the discussion of monetary policy conditionality in countries with evolving monetary policy regimes. They saw merit in employing a review-based approach to monetary ...

•Targets 12.94 percent average inflation, N1,400/US$ in 2026Monetary conditions in Nigeria are expected to remain relatively ...

Norbert Michel studied and wrote about financial markets and monetary policy, including the reform of Fannie Mae and Freddie Mac. The rise in the consumer price index and weak job growth, has stoked ...

Executive Directors welcomed the discussion of monetary policy conditionality in countries with evolving monetary policy regimes. They saw merit in employing a review-based approach to monetary ...