Public Disclosure Authorized Policy Research Working Paper 10876 Rate Cycles Kristin Forbes Jongrim Ha M. Ayhan Kose Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Development Economics Prospects Group August 2024 Policy Research Working Paper 10876 Abstract This paper analyzes cycles in policy interest rates in 24 advanced economies over 1970–2024, combining a new application of business cycle methodology with rich time-series decompositions of the shocks driving rat ...