Rate Cycles (Where Are We Now?)
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I’ve been remiss in reporting on this important work by Kristin Forbes, Jongrim Ha and Ayhan Kose, documenting periods of monetary policy tightening ad loosening, and characteristics of those episodes. From the paper:
Source: Forbes, Ha and Kose (ungated version, 2024).
The methodology of identifying the cycles will look familiar to those familiar with business cycle dating. The chronology is here:
Source: Forbes, Ha and Kose (ungated version, 2024).
From the abstract:
We analyse cycles
Source: Forbes, Ha and Kose (ungated version, 2024).
The methodology of identifying the cycles will look familiar to those familiar with business cycle dating. The chronology is here:
Source: Forbes, Ha and Kose (ungated version, 2024).
From the abstract:
We analyse cycles
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