Monetary Policy is implemented by the Federal Reserve Bank of the U.S. to control inflation, regulate interest rates, and support the efficient functioning of the banking system. Fiscal Policy is ...

Sterilized intervention is action taken by a country's central bank to influence the exchange value of the domestic currency, without changing the monetary base. Sterilized intervention is the ...

I think there is a little too much abstraction in discussion of monetary topics today. For example, here’s former Fed Chairman Paul Volcker, speaking last June: By now I think we can agree that the ...