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Reassessing the Effectiveness and Transmission of Monetary Policy: Review of the Jackson Hole Economic Policy Symposium

Author

Listed:
  • Nadezhda Ivanova

    (Bank of Russia; RANEPA)

  • Andrey Sinyakov

    (Bank of Russia)

  • Konstantin Styrin

    (Bank of Russia; New Economic School)

Abstract

The traditional symposium on economic policy of the Federal Reserve Bank of Kansas City was held in Jackson Hole at the end of August 2024. The theme of this year's symposium was 'Reassessing the Effectiveness and Transmission of Monetary Policy'. The choice of the theme of the symposium was determined by the forceful changes in monetary policy stance in recent years: the extremely soft policy of the pandemic period was replaced with a sharp tightening, which, however, did not stop economic growth. The rarity of this situation raises questions about the mechanisms of monetary policy transmission, which most of the studies presented at the symposium examine.

Suggested Citation

  • Nadezhda Ivanova & Andrey Sinyakov & Konstantin Styrin, 2024. "Reassessing the Effectiveness and Transmission of Monetary Policy: Review of the Jackson Hole Economic Policy Symposium," Russian Journal of Money and Finance, Bank of Russia, vol. 83(4), pages 119-144, December.
  • Handle: RePEc:bkr:journl:v:83:y:2024:i:4:p:119-144
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    More about this item

    Keywords

    monetary policy; inflation; monetary policy transmission; economic research;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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