Transcripts from the US Federal Open Markets Committee provide, albeit with a lag, valuable information on the monetary policymaking process at the Federal Reserve Bank. We use the data compiled by Chappell et al. (2005b) on preferred interest rates (not votes) of individual FOMC members....

For an intermediated central bank digital currency (CBDC) to be successful, central banks will need to develop sustainable economic models where intermediaries and end users derive value and central banks achieve their policy goals. This note presents a framework for analyzing different economic...

Argentina began 2024 with the odd privilege of becoming the country with the highest inflation in the world. Although inflation has once again become a first-order global issue due to the impact on the prices of basic goods of the Covid-19 pandemic and the war in Ukraine, Argentinian inflation...