fed speech, 2023-08-26
If you read all these papers, you'll be reminded of how monetary policies have gone from one extreme to the other in recent years: a long period of zero interest rates and growing central bank balance sheets (I describe the negative example of the Czech Republic in 2017 in Michl, 2023, and in the text below) was replaced by a rapid rise in rates.
Sentiment: neutral
Topic: mp_interest_rate