In the book, he and co-author Anna Schwartz championed monetarism and argued that the disastrous Great Depression of the 1930s came about as a result of poorly conjured monetary policy by the ...

Due to this belief, most central banks pursue a slightly inflationary monetary policy to safeguard against deflation. Most modern central banks target the rate of inflation in a country as their ...

That's not my definition, clearly," she added. Cutting interest rates by a quarter of a percentage point each quarter for the remainder of 2025 would still leave monetary policy in an undesirable ...