(Credit: IMF/Adobe Stock) Dear maria, Advanced economies are contending with several major long-term structural changes that will affect the way monetary policy is conducted. These ongoing changes include the green transition, remote work, de-globalization, and the rise of central bank digital currency. A recent article in F&D’s Picture This series looks at how long-term trends will affect the natural level of interest rates and how monetary policy is transmitted. The latest edition of F&D Magazine focuses on New Directions for Monetary Policy. Authors include Gita Gopinath, Raghuram Rajan, Markus Brunnermeier, Masaaki Shirakawa, Christoffer Koch, Greg Kaplan, Giancarlo Corsetti, Michael Weber, Claudio Borio, and many more. Want to get a print copy delivered to your home or office? |