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

Nadezhda Ivanova (), Andrey Sinyakov () and Konstantin Styrin ()
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Nadezhda Ivanova: Bank of Russia; RANEPA
Andrey Sinyakov: Bank of Russia
Konstantin Styrin: Bank of Russia; New Economic School

Russian Journal of Money and Finance, 2024, vol. 83, issue 4, 119-144

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.

Keywords: monetary policy; inflation; monetary policy transmission; economic research (search for similar items in EconPapers)
JEL-codes: E31 E43 E52 E58 E61 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bkr:journl:v:83:y:2024:i:4:p:119-144

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