What effect do interest-rate changes have on economic growth? Most studies suggest that the answer is “not much”. This column points out that a lot of these studies use US data from the early 1980s when monetary policy was under the “Volcker experiment”. When this episode is excluded, this column finds that the implied contribution of policy shocks to historical US business cycle fluctuations is much larger than found in much of the literature.
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30 May - 1 June 2018 / Palma de Mallorca (Mallorca) - Spain / EAYE (European Association of Young Economists) - University of the Balearic Islands
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18 - 19 June 2018 / European Central Bank, Frankfurt am Main, Germany / European Central Bank
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12 - 13 September 2018 / Rome, Italy / European Center of Sustainable Development , CIT University
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14 - 15 June 2018 / Ancona, Italy / Money and Finance Research Group (MoFiR), together with the Joint Research Centre of the European Commission and the Università Politecnica delle Marche
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16 - 17 May 2018 / London / The Economic Statistics Centre of Excellence, the Office for National Statistics and the Bank of England
