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How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience

Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2009

This paper advances the hypothesis that the transition from there-is-little-central-banks-can-do-to-control-inflation … to inflation targeting occurred because central banks, especially the Federal Reserve, demonstrated that central banks … can control inflation rather than a consequence of marked improvement in the professions understanding of how monetary …

Persistent link: https://www.econbiz.de/10005077875

International evidence on the stability of the optimizing IS equation

Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001982872

Duration dependence in monetary policy : international evidence

Owyang, Michael T. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974266

Sticky-price models and the natural rate hypothesis

Andrés, Javier (contributor); … - 2005

"A major criticism of standard specifications of price adjustment in models for monetary policy analysis is that they violate the natural rate hypothesis by allowing output to differ from potential in steady state. In this paper we estimate a dynamic optimizing business cycle model whose...

Persistent link: https://www.econbiz.de/10002934315

U.S. regional business cycles and the natural rate of unemployment

Wall, Howard J. (contributor); Gylfi Zoega (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001986445

On the response of interest rates to unexpected weekly money: are policy changes important?

Sheehan, Richard G.; Hafer, R.W. - Federal Reserve Bank of St. Louis - 1987

Persistent link: https://www.econbiz.de/10005360574

Monetary policy and the determination of the interest rate and exchange rate in a small open economy with increasing capital mobility

Ahn, Byung Chan - Federal Reserve Bank of St. Louis - 1994

This paper presents a general model of the determination of the interest rate and the exchange rate which is relevant for a small economy with any degree of capital mobility. The model is tested by using the quarterly data of Korea and Singapore. The emperical results show that in the Korean...

Persistent link: https://www.econbiz.de/10005360575

Duration dependence in monetary policy: international evidence

Owyang, Michael T.; Chiodo, Abbigail - Federal Reserve Bank of St. Louis - 2002

average inflation rate in an international cross-section. We find that inflationary regimes in certain countries are duration …

Persistent link: https://www.econbiz.de/10005360589

Do productivity growth, budget deficits, and monetary policy actions affect real interest rates? evidence from macroeconomic announcement data

Kliesen, Kevin L.; Schmid, Frank A. - Federal Reserve Bank of St. Louis - 2004

interest. But economic theory is ambiguous when it comes to the effect of government budget deficits on the real rate of …

Persistent link: https://www.econbiz.de/10005352806

A new federal funds rate target series: September 27, 1982, - December 31, 1993

Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2005

This paper creates a new series of the FOMC*s Target for the federal funds rate for the period September 27, 1982 through December 31, 1993. The creation of this series was motivated by Thornton (2005). Analyzing the verbatim transcripts of the FOMC, Thornton finds that most of the FOMC believed...

Persistent link: https://www.econbiz.de/10005352810