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Should full employment be a mandate for central banks?

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2013

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Federal Reserve Bank of Boston's 57th economic conference, "Fulfilling the Full Employment Mandate - Monetary Policy and the Labor Market", Federal Reserve Bank of Boston, Boston,...

Persistent link: https://www.econbiz.de/10010726538

Bank supervision and central banking: understanding credit during a time of financial turmoil.

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2008

Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Bank of Korea and Bank for International Settlements Seminar, Household Debt: Implications for Monetary Policy and Financial Stability, Seoul, Korea, March 27, 2008

Persistent link: https://www.econbiz.de/10010726555

Contingent reserves management: an applied framework

Caballero, Ricardo; Panageas, Stavros - Federal Reserve Bank of Boston - 2004

One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of … portfolios held by central banks can significantly improve the efficiency of the anti-sudden stop mechanism. We illustrate this …

Persistent link: https://www.econbiz.de/10005501365

Does the Federal Reserve have an informational advantage? you can bank on it

Peek, Joe; Rosengren, Eric S.; Tootell, Geoffrey M. B. - Federal Reserve Bank of Boston - 1998

Even in a world with rational expectations, it has been well established theoretically that if the central bank …

Persistent link: https://www.econbiz.de/10005379729

Is banking supervision central to central banking?

Peek, Joe; Rosengren, Eric S.; Tootell, Geoffrey M.B. - Federal Reserve Bank of Boston - 1997

Whether central banks should play an active role in bank supervision and regulation is being debated both in the United … considering enhancing central bank involvement in this area. Many of the arguments for and against these proposals hinge on the … effect this change would have on the ability of the central bank to conduct monetary policy. We find that confidential …

Persistent link: https://www.econbiz.de/10005713293

Is bank supervision central to central banking?

Peek, Joe; Rosengren, Eric S.; Tootell, Geoffrey M. B. - Federal Reserve Bank of Boston - 1999

Recently, several central banks have lost their bank supervisory responsibilities, in part because it has not been … monetary policy should be an important consideration when evaluating the structure of the central bank. …

Persistent link: https://www.econbiz.de/10005713306

Inflation persistence

Fuhrer, Jeffrey C. - Federal Reserve Bank of Boston - 2009

This paper examines the concept of inflation persistence in macroeconomic theory. It begins with a definition of persistence, emphasizing the difference between reduced-form and structural persistence. It then examines a number of empirical measures of reduced-form persistence, considering the...

Persistent link: https://www.econbiz.de/10008623371

Closed-form estimates of the New Keynesian Phillips curve with time-varying trend inflation

Barnes, Michelle L.; Gumbau-Brisa, Fabià; Lie, Denny; … - Federal Reserve Bank of Boston - 2009

We compare estimates of the New Keynesian Phillips Curve (NKPC) when the curve is specified in two different ways. In the standard difference equation (DE) form, current inflation is a function of past inflation, expected future inflation, and real marginal costs. The alternative closed form...

Persistent link: https://www.econbiz.de/10008623379

Economic literacy and inflation expectations: evidence from a laboratory experiment

Burke, Mary A.; Manz, Michael - Federal Reserve Bank of Boston - 2011

We present new experimental evidence on heterogeneity in the formation of inflation expectations and relate the variation to economic literacy and demographics. The experimental design allows us to investigate two channels through which expectations-formation may vary across individuals: (1) the...

Persistent link: https://www.econbiz.de/10009366911

The role of expectations in U. S. inflation dynamics

Fuhrer, Jeffrey C. - Federal Reserve Bank of Boston - 2011

A growing body of literature examines alternatives to the rational expectations hypothesis in applied macroeconomics. This paper continues this strand of research by examining the role survey expectations play in the inflation process and reports three principal findings. One, short-run...

Persistent link: https://www.econbiz.de/10009366943