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The expectations trap hypothesis
Christiano, Lawrence J.; Gust, Christopher J. - 2000
Persistent link: https://www.econbiz.de/10001512543
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The expectations trap hypothesis
Christiano, Lawrence J.; Gust, Christopher J. - 2000
Persistent link: https://www.econbiz.de/10001494307
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The Expectations Trap Hypothesis
Christiano, Lawrence J. - 2000
We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the expectations … trap hypothesis, the Fed was pushed into producing the high inflation out of a fear of violating the public's inflation … expectations. We compare this hypothesis with the Phillips curve hypothesis, according to which the Fed produced the high inflation …
Persistent link: https://www.econbiz.de/10012470941
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The Expectations Trap Hypothesis
Christiano, Lawrence J.; Gust, Christopher - 2022
We explore a hypothesis about the take-off in inflation that occurred in the early 1970s. According to the expectations … trap hypothesis, the Fed was pushed into producing the high inflation out of a fear of violating the public's inflation … expectations. We compare this hypothesis with the Phillips curve hypothesis, according to which the Fed produced the high inflation …
Persistent link: https://www.econbiz.de/10013294769
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Quantitative easing : a rationale and some evidence from Japan
Wieland, Volker - 2009
. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced …
Persistent link: https://www.econbiz.de/10003947449
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Quantitative Easing : A Rationale and Some Evidence from Japan
Wieland, Volker - 2009
. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced …
Persistent link: https://www.econbiz.de/10012463084
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Quantitative Easing : A Rationale and Some Evidence from Japan
Wieland, Volker - 2010
. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced …
Persistent link: https://www.econbiz.de/10013149980
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The Phillips curve at the ECB
Eser, Fabian; Karadi, Peter; Lane, Philip R.; Moretti, Laura - 2020
We explain the role of the Phillips Curve in the analysis of the economic outlook and the formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we highlight the challenges in recovering structural parameters from reduced-form estimates and relate the...
Persistent link: https://www.econbiz.de/10012212851
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Are central bank preferences asymmetric? : a comment
Minford, Patrick (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003636072
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Central Bank Reputation and Inflation-Unemployment Performance : Empirical Evidence from an Executive Survey of 62 Countries
Hwang, In Do - 2018
Although there is a well-established theoretical literature that links central bank (CB) reputation with inflation … tests the impact of reputation on inflation-unemployment performance using a novel set of data on CB reputation - an annual … reputation is a significant determinant of inflation: the results of an FE panel and Arellano-Bond difference GMM model show that …
Persistent link: https://www.econbiz.de/10012918013