To be the Regional Research and Learning Hub for Central banks in the Asia-Pacific Region
Get to know about the long history of the Centre, our governance, staff, and regional stakeholders.
A list of the Centre's training courses, online seminars, and other events. This site is updated frequently.
Peruse the vast collection of staff and collaborative research output in various publications.
Join us for a presentation by Prof Alan Taylor (UC Davis) on the persistent effects of monetary policy on the productive capacity of the economy, based on his work with Oscar Jorda and Sanjay Singh. They adopt a novel approach to identifying monetary policy innovations using the trilemma of international finance; use merged data from two new long-sample databases; and employ econometric methods that are robust for long-horizon estimates. They find monetary policy to have effects that are economically and statistically significant and last for over a decade. They reconcile the empirical findings with a New Keynesian model with endogenous TFP growth.