Federal Reserve Bank of San Francisco: 'A Tale of Two Tightenings'
August 21, 2025
August 21, 2025
SAN FRANCISCO, California, Aug. 21 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper on August 12, 2025, by Simon Kwan entitled "A Tale of Two Tightenings."
Here are excerpts:
* * *
Both the magnitude and the pace of monetary policy tightening in the euro area during 2022-23 were historically large and fast. Yet, the real economy proved to be resilient. In this paper, we analyze the pass through of the ECB . . .
Here are excerpts:
* * *
Both the magnitude and the pace of monetary policy tightening in the euro area during 2022-23 were historically large and fast. Yet, the real economy proved to be resilient. In this paper, we analyze the pass through of the ECB . . .