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Taming Market Power Could (also) help Monetary Policy
Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock. In making such decisions, central bankers have to…
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Understanding the Rise in US Long-Term Rates
The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of…
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A Future with High Public Debt: Low-for-Long Is Not Low Forever
Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in…
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Monetary Policy at a Crossroad: Policymakers Need to Break Promise of Easy Money to Avoid Boom-Bust
The Federal Reserve's new policy approach is that policymakers want to see "actual progress, not forecast progress" before deciding to change its policy stance. Substantial actual progress is occurring in the economy, some…
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A Long, Uneven and Uncertain Ascent
This crisis is far from over. Employment remains well below pre-pandemic levels and the labor market has become more polarized with low-income workers, youth, and women being harder hit. The poor are getting…
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Monetary Policy for all? Inequality and the Conduct of Monetary Policy
nequality in both advanced economies and emerging markets has been on the rise in recent decades. The COVID-19 pandemic has exacerbated and raised awareness of disparities between the rich and poor.
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Emerging Stronger From the Great Lockdown
The managing director and the chief economist of the International Monetary Fund lay out a strategy for sustained recovery.
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[Archive] From Recession to Growth: The Story Of Nigeria’s Recovery from the 2016 Economic Recession
Being a Paper presented by Godwin I. Emefiele, Governor, Central Bank of Nigeria at the Special Convocation of the University of Nigeria, Nsukka, on Friday, May 17, 2019 at the Princess Alexandra Auditorium,…
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Download Data on Impact of Monetary Policy on Agricultural Financing
The excel file below contains time series data on impact of monetary policy on agricultural financing from 1981 to 2017. Data on Agricultural Credit Guarantee Scheme Fund was used to measure agricultural financing…
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Full Project on the Effect of Monetary Policy on the Level of Poverty in Nigeria
The major objective of this study is to examine the effect of monetary policy on the level of poverty in Nigeria.
