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Inflation in a Changing Economic Environment (VoxEU, 6 min read) From choosing an appropriate measure of inflation, decomposing inflation expectations and understanding drivers of labour costs and the wider pricing chain, ECB conference participants shed light on the disconnect between inflation and economic slack in the Euro Area.
Operational Issues for Countries with Evolving Monetary Policy Frameworks (IMF, 57 page read) Monetary policy transmission in low and middle-income countries with volatile overnight rates and weak monetary policy frameworks can benefit from targeting short-term interest rates rather than reserve money.
Forward Guidance and Corporate Lending (Munich Personal RePEc Archive, 66 page read) Reduced borrowing costs and increased willingness to lend can be directly attributed to forward guidance from the Fed following the financial crisis. The impact is most pronounced for highly capitalized banks.