Monetary Theory and Policy

Monetary policy is the most flexible, and most frequently used official economic lever. There is hardly a corner of the economy monetary policy fails to reach, influencing growth, employment, inflation, mortgage costs, the exchange rate, and other financial markets.

Monetary policy has faced unprecedented challenges since the Great Financial Crisis, with policy interest rates close to rock bottom for a decade. Central banks have innovated with new instruments such as Quantitative Easing. NIESR is at the forefront of analysing what monetary policy should do next as it faces the challenges of higher inflation and normalizing balance sheets and interest rates.

Monetary theory & policy

Projects

Publications

publication

Climate change and fiscal sustainability: risks and opportunities

30 Dec 2021

National Institute Economic Review

publication

Introduction: Economic contributions to infection control

01 Oct 2021

National Institute Economic Review

publication

The great COVID-19 vaccine rollout: Behavioural and policy responses

01 Oct 2021

National Institute Economic Review

publication

Commentary: Quantitative tightening: Protecting monetary policy from fiscal encroachment

31 Aug 2021

National Institute Economic Review

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Blog Posts

Blog

What’s the Future for UK Inflation?

Huw Dixon

12 min read

US Federal Reserve symbol
Blog

What is the US Federal Reserve Aiming At?

Peter Doyle

6 min read

Blog

Monetary Policy Emerging from a Pandemic

Jagjit S. Chadha

Paul Mortimer-Lee

5 min read

Blog

And Now, On US Inflation?

Peter Doyle

7 min read

Blog

Time for the Bank to Walk the Walk

Paul Mortimer-Lee

4 min read

Blog

Covid economic recovery: US sprint, Italian marathon?

Barry Naisbitt

5 min read

Blog

CPI Inflation, August 2021

Huw Dixon

10 min read

Blog

On US inflation now

Peter Doyle

5 min read

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News

Events

People