Reductions in purchasing power tend to be concentrated among lower-income workers.
central bank
August 18, 2023
1:00AM
April 25, 2023
1:00AM
Central Bank Forays Into Unconventional Monetary Policies: Explanation, Assessment, and Implications
October 20, 2022
10:19AM
Bernanke chose to pay interest on bank reserves, which caused banks to hold onto reserves rather than lend them out.
September 15, 2022
9:43AM
The central bank has acknowledged that it underestimated the inflationary effects of its actions.
November 26, 2021
9:44AM
Central banks may direct chartered banks to increase lending to borrowers from underrepresented communities.
August 17, 2021
10:10AM
Governments around the world—including Canada—have injected an enormous amount of liquidity into the financial system.
August 13, 2021
5:24PM
President Nixon ended the convertibility of the U.S. dollar into gold.
May 28, 2020
2:10PM
Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.