Further evolution in and of monetary policy frameworks: Moins ça change, moins c’est la même chose
Buget
The 2008 crisis and the Covid-19 pandemic presented monetary policy frameworks worldwide with significant challenges. This column reports the results of an updating of the Comprehensive Monetary Policy Frameworks classification, which now covers 186 countries over the 50 years from 1974 to 2023. The key finding is that countries have been switching between monetary frameworks less frequently in recent years. On the other hand, there have been more, and useful, internal changes within the
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