Why the Fed Can Raise Rates in a More Dangerous World
EconMacro On September 16, the Federal Reserve raised its target range for the federal funds rate by 25 basis points, to 3.75–4.00 percent. The decision was unanimous. Its…
EconMacro On September 16, the Federal Reserve raised its target range for the federal funds rate by 25 basis points, to 3.75–4.00 percent. The decision was unanimous. Its…
Should an inflation-targeting central bank respond directly to the real exchange rate? A small theoretical model can make this question surprisingly concrete. The central bank chooses a rule…
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