This survey features three parts. The first one reviews the most recent literature on the
relationship between domestic (ie, country‐specific) uncertainty and the business cycle, and …

With projections showing inflation heading back toward target and the labor market
continuing to improve, the Federal Reserve has begun to contemplate an increase in the …

The global energy crisis that began in fall 2021 and the subsequent spike in energy prices
constitute a significant challenge for the world economy that risks undermining the post …

The recent surge in energy prices in Europe has prompted governments to introduce policy
measures to support households and businesses. This paper uses the MATRIX model, a …

The European Central Bank (ECB), like all European institutions, poses basic problems of
definition and comparability. Mobilizing Bourdieusian field theory (BFT) to resolve them, we …

We estimate Taylor rules for the euro area using Consensus Economics data for expected
inflation and output growth, and compare these estimates with more conventional …

Policymakers use forecasts to project the consequences of particular policy decisions for
certain policy targets. This chapter investigates the use of economic forecasting in policy …

We explain federal funds target rate decisions using macroeconomic variables and Federal
Reserve communication indicators. Econometrically, we employ an ordered probit model of …

This paper offers a preliminary evaluation of ECB conduct of monetary policy by estimating a
fairly general reaction function for the euro area. The specification of the policy rule …

This paper examines whether government ideology has influenced monetary policy in
OECD countries. We use quarterly data in the 1980.1–2005.4 period and exclude EMU …