Intro to Time Series
Monetary policy refers to the actions taken by a country's central bank to manage the money supply and interest rates in order to achieve specific economic goals, such as controlling inflation, managing employment levels, and fostering economic growth. By influencing the availability and cost of money, monetary policy plays a crucial role in regulating economic activity and can be adjusted based on various economic indicators to respond to the changing needs of the economy.
congrats on reading the definition of monetary policy. now let's actually learn it.