Discover how New Keynesian economics updates classical Keynesian principles, focusing on price stickiness, wage rigidity, and ...

Papers presented at the conference on “Macroeconomic Models for Monetary Policy” held March 6, 2009, at the Federal Reserve Bank of San Francisco addressed such issues as how to model wage and price ...

Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.

The BBVA Foundation recognized Olivier Blanchard, Jordi Galí, and Michael Woodford for “profoundly influencing modern macroeconomic analysis by establishing rigorous foundations for the study of ...

The Norges Bank, the International Monetary Fund, and the IMF Economic Review have organized a joint conference on "The Future of Macroeconomic Policy" to be held in Oslo, June 15-16, 2023. In today's ...

In orthodox economics, the idea of printing money to solve a nation’s problems is near-universally seen as a very bad one. In ...

The global economy, much like our domestic economy, often experiences cyclical patterns. The recent Russia-Ukraine conflict, coupled with the ongoing disruptions caused by the COVID-19 pandemic, has ...

New economic models can help policymakers better understand the effects of their inflation-taming measures Much about today’s inflation is not well understood. Why are some households seriously harmed ...

In economics, a booming economy where everyone has money to throw around isn't always a good thing. Like an engine, the economy can overheat, causing inflation; everyone has more money, but everything ...

But there's an "unorthodox" macroeconomic theory that has gained popularity called Modern Monetary Theory, also known as MMT, that challenges the traditional way we think about how the economy works: ...

As Egypt enters 2026, the CBE is laying the groundwork for a more transparent and rule-based monetary policy regime ...

This Economic Letter summarizes the papers presented at the conference “Macroeconomic Models for Monetary Policy” held at the Federal Reserve Bank of San Francisco on March 1-2, 2002, under the joint ...