..., meant that South Africa did not have the luxury of waiting for new policies to bear fruit. With the inflation forecast to exceed the mandated target, the governor would have to tighten monetary policy, which would further restrict investment. Was it is time for South Africa to change course...

... of the current administration could cost him his job. This case follows classes on fiscal and monetary policy in normal times and is the first class in a sequence on macroeconomic challenges–in this case, stagflation–high inflation and high unemployment. Students are pushed to consider why macroeconomic...

... the Federal Reserve take a more accommodative stance? To gain perspective, Powell needed to look back at the past fifty years of monetary policy in the United States. In March 2019, Jerome Powell was preparing for the upcoming meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve...

...Francis E. Warnock At what point in the tepid recovery from the global financial crisis should the Fed take a major step in normalizing U.S. monetary policy by greatly reducing its holdings of U.S. Treasury bonds? Federal Reserve Board Chairman Ben Bernanke faced this question in Spring 2012, even...

... mounds of evidence is necessary before forecasting the exchange rate's likely path. Filtering that evidence requires thinking about FX markets, prospective monetary policies, and past and prospective international capital flows. Exhibit 3 U.S. Balance of Payments (in billions of U.S. dollars...

.... monetary policy was finally tightened—recall that the Fed continually raised the policy rate from mid-2004 through 2006 ( Exhibit 2 )—emerging markets' policy of managing their exchange rates by purchasing long-term U.S. bonds kept long-term borrowing costs low (and stoked inflation locally and globally...

...Wei Li The case has been used in a first-year required course called Global Economies and Markets in a module on monetary policy. On October 24, 2005, President Bush nominated Ben S. Bernanke to be chairman of the board of governors of the Federal Reserve System for a term of four years along...