Talk:Monetary policy

Proposal to remove many of the redundant images of Central Banks

Hi! I am writing this section in order to try and create some consensus regarding the multiple images of Central Banks in the article. I believe that a few of them (such as the collage I added to the top of the page) are useful to getting a better understanding of the topic, but the section on monetary policy instruments is quite bloated with images of Central Banks. I believe this section would be much better served by graphs and diagrams of the concepts described—an image of the Bank of Finland does little to educate on reserve requirements. Please let me know what you think!

An alternative is to place these images in a gallery for de-cluttering but I think this would again not do much to improve the value of the article.--A. C. Santacruz ⁂ Talk 09:21, 26 August 2021 (UTC)

Of course, they should be added in sections where the bank is mentioned by name and the instrument is hard to describe through images. --A. C. Santacruz ⁂ Talk 09:41, 26 August 2021 (UTC)

Proposal to add a paragraph to "Money supply targets"

I'd like to incorporate new research findings to this topic given its outdated information. Three of the cited papers are written by me. One summarizes the empirical evidence of stable money demand function when proper measures of monetary quantities and user costs are used. The other two are critical empirical confirmation that a money growth rule can better characterize monetary policy actions than an interest rate rule. Those three papers are directly associated with the topic, helpful to the argument and no other existing papers can substite. Would you please review their appropriateness to the content?

However, later research suggests this apparent instability in money demand relationship may have stemmed from measurement error in traditional simple-sum monetary aggregates, which problematically treat all monetary assets as perfect substitutes. Divisia monetary aggregates developed by Barnett (1980), which appropriately weight components based on their user costs and liquidity services, demonstrate more stable relationships with economic variables. Studies by Belongia (1996) and Hendrickson (2014) show many findings of unstable money demand can be reversed when using Divisia rather than simple-sum measures, suggesting measurement methods rather than fundamental economic relationships may have been the key issue. Monetary policy rules targeting properly measured monetary aggregates may better characterize central bank actions, particularly during recessions and zero lower bound periods.

Robinchen90 (talk) 22:20, 16 December 2024 (UTC)

Not Done. Your account seems to be used primarily for self citation and spamming links to your work, contrary to WP:SELFCITE and WP:CITESPAM. Axad12 (talk) 03:55, 17 December 2024 (UTC)