) models, with and without financial frictions, for output growth and inflation in the period 1992 to 2011. We find strong …

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses … all relevant information, is available in real time, and forecasts inflation better than traditional underlying inflation … measures such as core inflation measures. This paper presents the “FRBNY Staff Underlying Inflation Gauge (UIG)” for CPI and …

realistic parameter values, the model generates a blip in inflation of the same magnitude observed in the data"--Federal Reserve …

involving U.S. inflation and GDP growth. Empirical results suggest that the number of change points is larger than previously …

exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is …