What are some key areas where further research is needed?

Aug 26, 2024 ... Contractionary monetary policy is a macroeconomic tool that a central bank uses to reduce inflation. The goal is to slow the pace of the economy ... Jun 5, 2011 ... As Congress considers policies to foster economic growth, arguments have been made that the traditional expectations of fiscal policy, ... Similarly, a monetary tightening only reduces inflation and output when accompanied by contractionary fiscal policy. These results are robust to several ... Keywords: Monetary policy, collateral constraints, currency mismatches, carry trade, spillovers. Page 2. BIS Working Papers are written by members of the ... Monetary policy is often referred to as being either expansionary (stimulating economic activity and consequently employment and inflation) or contractionary ( ... ... contractionary monetary policy have two effects on households' labor supply decisions. On the one hand, when monetary policy tightens, there's a ... Nov 26, 2013 ... A higher world interest rate stemming from the contractionary U.S. monetary policy shock therefore may dampen the domestic expenditure in the ... Jan 23, 2014 ... Central Bank of Solomon Islands maintains tight monetary policy in face of excess liquidity; IMF welcomes stance but tells authorities to ... Notes: Impulse responses to a 1 percentage point contractionary monetary policy shock. The shaded areas display 90 percent confidence bands, computed using ... Nov 16, 2023 ... We find that contractionary monetary policy is more pronounced and persistent when the reaction function of the central bank is augmented with ...