Modern monetary policy uses quantitative easing, forward guidance, and interest rate adjustments. Central banks like the Fed and ECB utilise these metrics to manage inflation, employment, and financial stability. CBDCs and climate-related hazards in policy frameworks are recent advances. Through technology and data analytics, central banks aspire to improve forecasting and policy implementation to foster sustainable growth and stability in the dynamic global economy.
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Modern monetary policy uses quantitative easing, forward guidance, and interest rate adjustments. Central banks like the Fed and ECB utilise these metrics to manage inflation, employment, and financial stability. CBDCs and climate-related hazards in policy frameworks are recent advances. Through technology and data analytics, central banks aspire to improve forecasting and policy implementation to foster sustainable growth and stability in the dynamic global economy.
Read Less