A key illustration of the limits of monetary policy is shelter inflation, which is growing at an annual rate of 6.6% and comprised over 50% of September’s month-to-month core CPI price change.

The target of an inflation control regime like FIT is clear: inflation. In contrast, dual mandates rely too heavily on hypothetical concepts such as “maximum sustainable employment.” Unlike the ...

With a vengeance, inflation has returned to the global discourse. The cost of living is skyrocketing in nations all over the ...

These shocks typically result in a jump in the price level, a rise in inflation, a decline in output, and an erosion of real incomes. This creates a dilemma for monetary policy which most people in ...

Five years ago, when his paper was published, Mr. Tarullo’s complaint was a 10-minute sensation among people interested in monetary policy – which is to say, practically no one.

SHANGHAI — China’s central bank governor said inflation is “basically under control,” and monetary policy would be kept steady, in comments a day after concerns over inflationary pressures were fanned ...

The point-to-point inflation rate declined in both rural and urban areas last month. The interim government’s FY2025–26 budget, presented on June 2, prioritizes inflation control by setting the ...

Tuesday, June 16, 2009 — updated on December 31, 2020 - 6 min read Show plans ...

A large body of research shows that controlling inflation is very important. High inflation reduces both output growth and economic welfare. Moreover, in the long run using monetary policy to try to ...

High inflation reduces both output growth and economic welfare. Moreover, in the long run using monetary policy to try to reduce unemployment is futile: it just leads to higher and higher inflation.