Close-up of portraits from various bank notes

Monetary Policy Report: Using Rules for Benchmarking, June 2025

This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.

Featured Work

Monetary Policy

Working Paper

International Currency Dominance

WP 25-20 – We propose a model of the international monetary system. Our model allows us to study how macroeconomic fundamentals and government policies can lead to the emergence of a dominant currency.

Economic Outlook and Final Thoughts

Philadelphia Council for Business Economics | Philadelphia, PA

Monetary Policy Report: Using Rules for Benchmarking, March 2025

This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.