This paper ascertains the effect of changes in the exchange rate movements on domestic interest rate, using monthly data from a set of emerging market inflation targeting (IT) countries and non-IT countries. Central banks respond to exchange rate movements in addition to the other core...

The utilization of two-phase flow in channels/tubes is increasingly prevalent in various industrial processes, including oil and gas transportation in pipelines, optimization and safety analysis of devices, and heat exchangers in power plants. Among the different flow regimes observed, Taylor...

The necessary adjustments to prominent measures of the neutral rate of interest following the COVID pandemic sparked a wide-ranging debate on the measurement and usefulness of r-star. Due to high uncertainty about relevant determinants, trend patterns and the correct estimation method, we...

Optimal monetary policy studies typically rely on a single structural model and identification of model-specific rules that minimize the unconditional volatilities of inflation and real activity. In our proposed approach, we take a large set of structural models and look for the model-robust...