Skip to main content

Monetary Policy

(PDF PDF icon)

The link between money, prices, interest rates, and the business cycle is the subject of considerable debate among policymakers and economics. Researchers continue to strive for a coherent, tractable model to help them understand the precise mechanism by which monetary policy affects the macroeconomy. Before setting out to develop such a model, researchers must undertake a thorough study of the available data to identify the key features and regularities that a successful model must incorporate.

Suggested citation: “Monetary Policy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 95-11, pp. 02-05, 11.01.1995.

Upcoming EventsSEE ALL