What are the responsibilities of economists and policymakers in communicating effectively with the public about these issues?

... monetary policy. According to our results, a contractionary monetary policy shock generates long-run adverse effects on the level of real wages. While the ... 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 ... Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the basic New Keynesian model. By providing ... The aim of tight monetary policy is usually to reduce inflation. With higher interest rates there will be a slowdown in the rate of economic growth. Jun 26, 2024 ... In the United States, growth is expected to slow down and the continued contractionary monetary policy will have a dampening effect on ... Aug 10, 2022 ... In this paper we analyse the role of fiscal policy and its debt maturity structure which is producing this "monetary contraction" through its ... Fiscal policy that increases aggregate demand directly through an increase in government spending is typically called expansionary or “loose.” By contrast, ... Aug 17, 2022 ... “Contractionary monetary policy runs the risk of quietly worsening racial and gender gaps with or without a widespread recession.” Inflation on ... A contractionary policy is a monetary measure to reduce government spending or the rate of monetary expansion by a central bank. A contractionary MP shock decreases output and inflation rates even under the ELB. •. However, the effects of identified MP shocks on macroeconomic variables ...