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Monetary policy: decision-making, tools, and objectives

Anderson, Clay J. - 1961

Persistent link: https://www.econbiz.de/10002956434

Do Phillips curves conditionally help to forecast inflation?

Dotsey, Michael; Fujita, Shigeru; Stark, Tom - Federal Reserve Bank of Philadelphia - 2011

The Phillips curve has long been used as a foundation for forecasting inflation. Yet numerous studies indicate that … over the past 20 years or so, inflation forecasts based on the Phillips curve generally do not predict inflation any better … accurate when the economy is strong. It, therefore, appears that forecasters should not fully discount the inflation forecasts …

Persistent link: https://www.econbiz.de/10009320692

Economic outlook and challenges for monetary policy: a speech at the Philadelphia Chapter of the Risk Management Association, Philadelphia, PA, January 11, 2011

Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2011

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> The Philadelphia Chapter of the Risk Management Association, Philadelphia, PA, January 11, 2011

Persistent link: https://www.econbiz.de/10010727091

Economic prospects and monetary policy for the new year; 33rd Annual Economic Seminar, January 11, 2012, Rochester, New York

Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2012

Economic Prospects and Monetary Policy for the New Year> 33rd Annual Economic Seminar, January 11, 2012, Rochester, New York

Persistent link: https://www.econbiz.de/10010727157

Monetary policy with heterogeneous agents

Gornemann, Nils; Kuester, Keith; Nakajima, Makoto - Federal Reserve Bank of Philadelphia - 2012

We build a New Keynesian model in which heterogeneous workers differ with regard to their employment status due to search and matching frictions in the labor market, their potential labor income, and their amount of savings. We use this laboratory to quantitatively assess who stands to win or...

Persistent link: https://www.econbiz.de/10010570546

Economic insights

Federal Reserve Bank of Philadelphia - Philadelphia, Pa. : Federal Reserve Bank of Philadelphia - Volume 1, issue 1 (1st quarter 2016)-

Persistent link: https://www.econbiz.de/10012207426

Do Phillips curves conditionally help to forecast inflation?

Dotsey, Michael; Fujita, Shigeru; Stark, Tom - Federal Reserve Bank of Philadelphia - 2015

This paper reexamines the forecasting ability of Phillips curves from both an unconditional and conditional perspective by applying the method developed by Giacomini and White (2006). We find that forecasts from our Phillips curve models tend to be unconditionally inferior to those from our...

Persistent link: https://www.econbiz.de/10011213902