What are the principles of sound judgment and decision-making that should guide central bankers in the face of uncertainty?

The first chapter analyzes the asymmetric effects of contractionary and expansionary monetary policy shocks on income inequality. Using the Consumer ... Contractionary monetary policy is a type of economic strategy used by central banks to decrease the money supply and increase interest rates in order to combat ... Apr 21, 2023 ... Specifically, we find that total household consumption begins to decline five days after a contractionary monetary policy shock. Consumption ... Frequently asked questions. What is monetary policy? Aug 27, 2019 ... Conversely, contractionary monetary policies (“tight money”) often lead to a temporary increase in short-term interest rates. But it is not ... Contractionary fiscal policy means cutting government spending and raising taxes to reduce aggregate demand. With higher taxes, consumer spending reduces ... Feb 22, 2019 ... ... contractionary. Developments at the time of the December FOMC meeting, including volatility in financial markets and increased concerns ... Monetary policy in emerging markets: Can liability dollarization explain contractionary devaluations? Author & abstract; Download; 37 References; 74 Citations ... Following an unexpected contractionary monetary policy shock, (constrained) expanding sectors respond primarily by lowering prices, while (unconstrained) ... Aug 17, 2020 ... ... policy instrument. When the spread is used as a policy instrument, I find that contractionary monetary policy has a significant negative ...