Studies from International Monetary Fund Add New Findings in the Area of Investment (Has the Transmission of Us Monetary Policy Changed Since 2022?): Investment

2026 APR 30 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Current study results on Investment have been published. According to news originating from Washington, District of Columbia, by NewsRx correspondents, research stated, “Activity and inflation responded slowly to the Federal Reserve’s rate hikes in 2022. Was this because the transmission of monetary policy had changed? Or did other shocks offset tighter policy? We use pre-pandemic data to estimate a VAR with monetary policy shocks identified from high-frequency data, and use it as a filter to back out the sequence of structural monetary policy shocks consistent with data since 2022.”

Our news journalists obtained a quote from the research from International Monetary Fund, “We compare these implied shocks with the actual shocks and find the difference statistically significant during February-July 2022. These differences imply that monetary transmission had roughly 75 percent of its usual pre-COVID effect.”

According to the news editors, the research concluded: “We provide suggestive evidence that weaker monetary policy transmission was the result of a steeper Phillips curve.”

This research has been peer-reviewed.

For more information on this research see: Has the Transmission of Us Monetary Policy Changed Since 2022? International Journal of Central Banking, 2026;22(2):195-294. International Journal of Central Banking can be contacted at: Assoc International Journal Central Banking, Postfach 16 03 19, Frankfurt, 60066, Germany.

The news correspondents report that additional information may be obtained from Josef Platzer, International Monetary Fund, Washington, DC 20431, United States.

(Our reports deliver fact-based news of research and discoveries from around the world.)