Functions and tools of central banks for economic stability and inflation control

Basic functions of central banks Central banks are essential institutions that manage the national currency and ensure economic stability through monetary policy. Their main function is to maintain price stability and control inflation to foster a healthy economic environment. These bodies do not operate as commercial banks for the public, [...]

Definition, causes, consequences and key indicators to identify an economic recession

Definition and characteristics of economic recession An economic recession is a period during which a country's economic activity is significantly reduced, affecting multiple sectors. It is generally defined by two consecutive quarters with negative growth in the Gross Domestic Product (GDP). During this phase, a general drop in industrial production is observed, [...]