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Wage growth and sectoral shifts: new evidence on the stability of the Phillips curve

Rissman, Ellen R. - Federal Reserve Bank of Chicago - 1987

Persistent link: https://www.econbiz.de/10005410638

Identification of inflation-unemployment tradeoffs in the 1970s

McCallum, Bennett T. - Federal Reserve Bank of Chicago - 1994

Persistent link: https://www.econbiz.de/10005519107

Stop me before I inflate again: the rules-versus-discretion debate revisited

Blinder, Alan S. - Federal Reserve Bank of Chicago - 1998

Persistent link: https://www.econbiz.de/10010724304

Global inflation

Ciccarelli, Matteo; Mojon, Benoît - Federal Reserve Bank of Chicago - 2008

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, the inflation rates of 22 OECD countries have a common factor that alone accounts for nearly 70 percent of their variance. This large variance share that is associated with Global Inflation is not...

Persistent link: https://www.econbiz.de/10004994108

Alternative instruments for hedging inflation risk in the banking industry

Koppenhaver, Gary D.; Lee, Cheng F. - Federal Reserve Bank of Chicago - 1987

Persistent link: https://www.econbiz.de/10005410637

Monetary and non-monetary sources of inflation: an error correction analysis

Kuttner, Kenneth N. - Federal Reserve Bank of Chicago - 1989

Persistent link: https://www.econbiz.de/10005410925

The incidence of inflation: inflation experiences by demographic group: 1981-2004

McGranahan, Leslie; Paulson, Anna - Federal Reserve Bank of Chicago - 2005

We use data from the Consumer Expenditure Survey from 1980-2003 combined with item specific Consumer Price Index data to calculate monthly chain-weighted inflation measures for thirteen different demographic groups and for the overall urban population from 1981-2004. We find that the inflation...

Persistent link: https://www.econbiz.de/10005419909

Taylor rules in a limited participation model

Christiano, Lawrence J.; Gust, Christopher J. - Federal Reserve Bank of Chicago - 1999

We use the limited participation model of money as a laboratory for studying the operating characteristics of Taylor rules for setting the rate of interest. Rules are evaluated according to their ability to protect the economy from bad outcomes such as the burst of inflation observed in the...

Persistent link: https://www.econbiz.de/10005419947

Women and the Phillips curve: do women’s and men’s labor market outcomes differentially affect real wage growth and inflation?

Anderson, Katharine; Barrow, Lisa; Butcher, Kristin - Federal Reserve Bank of Chicago - 2003

unemployment. Juhn, Murphy, and Topel (2002) point out that the low unemployment rates for men in the 1990s were accompanied by … historically high rates of non-employment suggesting that the 1990s economy was not as strong as the unemployment rate might … the increase in women’s labor force participation more than offsets the decline for men, and low unemployment rates in the …

Persistent link: https://www.econbiz.de/10005419953

Fast micro and slow macro: can aggregation explain the persistence of inflation?

Altissimo, Filippo; Mojon, Benoît; Zaffaroni, Paolo - Federal Reserve Bank of Chicago - 2007

An aggregation exercise is proposed that aims at investigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...

Persistent link: https://www.econbiz.de/10005419959