Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.

The quiet resurgence of the goldbugs, those who want to peg the value of the U.S. dollar to the price of gold, is emblematic of the fact that some lawmakers do not understand how the monetary system ...

This article develops a model, based on balance-of-payment identities, of the new international monetary system (Bretton Woods II or BWII). It shows that if some countries engineer current account ...