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-run positive relationship between inflation and unemployment. …
Persistent link: https://www.econbiz.de/10005729040
The authors examine 39 years of wage data for workers in mobile occupations within a set of employers in three midwestern cities. They study wage changes during years of rising, falling, and steady inflation to identify regularities that could broaden understanding of the inflationary process at...
Persistent link: https://www.econbiz.de/10005428192
and unemployed workers, and improve society’s welfare. Hiring subsidies reduce unemployment but they can raise the crime …. For instance, a more generous unemployment insurance system reduces the crime rate of the unemployed but its effect on the … overall effect on crime is positive but quantitatively small. Wage subsidies reduce unemployment and crime rates of employed …
Persistent link: https://www.econbiz.de/10005428431
Understanding why the prices of commodities, like copper, increase or decrease is one of the many pieces of the puzzle that we as policymakers try to fit together to help us figure out how the economy and inflation will perform in the future. Inflation is what the Federal Reserve can control -...
Persistent link: https://www.econbiz.de/10010725701
discussed how the recovery is unfolding, focusing on the stubborn nature of high unemployment and her concern about our …
Persistent link: https://www.econbiz.de/10010725707
In a panel discussion at the University of Akron in Akron, Ohio, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto gave a brief overview of her current outlook for the economic recovery and for inflation.
Persistent link: https://www.econbiz.de/10010725713
In a speech to the Pittsburgh Chapter of the Association for Corporate Growth, President Pianalto presented her current outlook for the economic recovery and inflation, and described some risks to that outlook. She also discussed the Federal Reserve's monetary policy and the benefits of an...
Persistent link: https://www.econbiz.de/10010725714
President Pianalto spoke of her perspective on the economy and inflation. She explained how some critical assumptions affect her economic projections and talked about the role that inflation expectations play in the current environment.
Persistent link: https://www.econbiz.de/10010725719
In a speech in New York City, Cleveland Federal Reserve Bank President Sandra Pianalto comments on current economic conditions, explains why she thinks the country's economic recovery will be gradual and bumpy, and gives her thoughts on what this gradual path to recovery may mean for inflation...
Persistent link: https://www.econbiz.de/10010725721
President Pianalto first explains why maintaining price stability requires keeping inflation expectations low and secure. Second, she describes some inflationary risks that may become significant down the road. Finally, she discusses why, in the face of these risks, central banks' ability to...
Persistent link: https://www.econbiz.de/10010725742