Changing monetary policy has important effects on aggregate demand, and thus on both output and prices. There are a number of ways in which policy actions get transmitted to the real economy (Ireland, ...

How should monetary authorities react to an oil price shock? The New Keynesian literature has concluded that ensuring complete price stability is the optimal thing to do. In contrast, this paper ...

China to keep stabilizing prices as top priority: PBOC (Xinhua) Updated: 2011-05-04 11:10. ... said PBOC in its quarterly monetary policy report posted on its website. ...

We argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit ...

Gold prices steadied on Today, with spot gold holding at $1,982.84 per ounce and U.S. gold futures experiencing a minor decline of 0.2 percent to stand at $1,991.35. The stabilization comes as ...