Tag: Monetary Policy

Monetary Policy Reaction to Geopolitical Risks in Unstable Environments

MAJOR WP UPDATE: How do geopolitical risk shocks impact monetary policy? Based on a panel of 20 economies, we develop and estimate an augmented panel Taylor rule via constant…

Not all recessions are created equal — Pandemic edition

Let me draw your attention to this piece written by Tomasz Wieladek for The Economist: https://www.economist.com/by-invitation/2023/12/11/tomasz-wieladek-has-an-explanation-for-recent-macroeconomic-puzzles In this piece, Tomasz Wieladek argues that the pandemic recession was particular…