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Expectations, credibility, and disinflation in a small macroeconomic model

Huh, Chan G.; Lansing, Kevin J. - Federal Reserve Bank of San Francisco - 1998

economy's dynamic transition path during a disinflation. Simulations are compared under four different specifications of the …

Persistent link: https://www.econbiz.de/10010702305

Opportunistic and deliberate disinflation under imperfect credibility

Bomfim, Antulio N.; Rudebusch, Glenn D. - Federal Reserve Bank of San Francisco - 1997

/US model, which allows alternative assumptions to be made about expectations held by agents in the economy; hence, the …

Persistent link: https://www.econbiz.de/10010702307

Policymaking on the Federal Open Market Committee (FOMC): transparency and continuity

Yellen, Janet L. - Federal Reserve Bank of San Francisco - 2005

Presentation to the Bank of Japan’s 12th International Conference of the Institute for Monetary and Economic Studies (Tokyo, Japan) May 31, 2005

Persistent link: https://www.econbiz.de/10010724780

Maintaining price stability in a global economy

Williams, John C. - Federal Reserve Bank of San Francisco - 2011

Presentation to Town Hall Los Angeles, Los Angeles, CA, May 4, 2011

Persistent link: https://www.econbiz.de/10010724786

Closing panel presentation

Yellen, Janet L. - Federal Reserve Bank of San Francisco - 2009

Panel discussion for the Federal Reserve Board/Journal of Money, Credit, and Banking (JMCB) conference on "Financial Markets and Monetary Policy", Washington D.C. , June 5, 2009

Persistent link: https://www.econbiz.de/10010724800

Monetary policy, money, and inflation

Williams, John C. - Federal Reserve Bank of San Francisco - 2012

Presentation to the Western Economic Association International, San Francisco, CA, July 2, 2012

Persistent link: https://www.econbiz.de/10010724834

Challenges for policymaking in a changing global economy

Yellen, Janet L. - Federal Reserve Bank of San Francisco - 2005

Presentation to the Bank of Korea’s International Conference 2005 on The Effectiveness of Stabilization Policies, Seoul, Korea, May 27, 2005

Persistent link: https://www.econbiz.de/10010724836

Monetary policy mistakes and the evolution of inflation expectations

Orphanides, Athanasios; Williams, John C. - Federal Reserve Bank of San Francisco - 2010

and 1970s? We use counterfactual simulations of an estimated model of the U.S. economy to evaluate alternative monetary … stability only if the Federal Reserve had possessed excellent information regarding the structure of the economy or if it had … acted as if it placed relatively low weight on stabilizing the real economy. Neither condition held true. We document that …

Persistent link: https://www.econbiz.de/10008493870

Financial globalization and monetary policy discipline

Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2008

The literature appears to have reached a consensus that financial globalization has had a "disciplining effect" on monetary policy, as it has reduced the returns from--and hence the temptation for--using monetary policy to stabilize output. As a result, monetary policy over recent years has...

Persistent link: https://www.econbiz.de/10005361467

Inflation targeting under imperfect knowledge

Orphanides, Athanasios; Williams, John C. - Federal Reserve Bank of San Francisco - 2006

context of an economy where economic agents have an imperfect understanding of the macroeconomic landscape within which the ….S. economy, we show that monetary policy rules that would perform well under the assumption of rational expectations can perform …

Persistent link: https://www.econbiz.de/10005361476