The latest
Line of Inquiry: Michael Weber on how central banks should communicate
Forward guidance only works if the public gets the message and acts upon it—and research suggests many people simply don’t.
How fiscal policy drives inflation
Research finds that the discount rate has played an important role in US inflation.
Why central banks need to change their message
The US and European central banks thought they could manage their economies by bringing their secretive plans for interest-rate regulation into the light. But they didn’t account for an unreceptive public.
Don’t rely on the media to transmit Fed speak
Many Americans still exhibit a profound lack of awareness about inflation and the policies meant to guide it, according to research.
Latest from the Magazine
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A simple framework to help revive the US economy
Low-cost interventions could help depress COVID-19’s spread while opening up parts of the economy.
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How COVID-19 shocked both supply and demand
Research suggests stimulus and social support should both have a role in the policy response.
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The coronavirus has exerted historic influence on equity markets
When it comes to market volatility, past health crises don’t compare.
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Chang-Tai Hsieh: We need a plan to avoid a humanitarian and economic catastrophe
A COVID-19 Q&A with the Phyllis and Irwin Winkelried Professor of Economics
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How quantitative models can help policy makers respond to COVID-19
Good policy making recognizes and adapts to the uncertainty inherent in model building.
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Two proposals to keep the lights on at small businesses
Business stabilization plans based on insurance and lending models could help vulnerable businesses through the crisis.