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for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money …, including different methods of aggregation and different collections of included monetary assets. In our forecasting experiment … forecasting models and are then compared to forecasts from a naive random walk model. The best models were non …
Persistent link: https://www.econbiz.de/10004973888
single data series. In principle, information about other economic indicators should be useful in forecasting a particular … growth at horizons of 3, 12 and 24 months ahead. These forecasts are then compared to simple forecasting rules. …
Persistent link: https://www.econbiz.de/10005352782
Persistent link: https://www.econbiz.de/10005352934
We use a general equilibrium finance model that features explicit government purchases of private debts to shed light on some of the principal working mechanisms of the Federal Reserve’s large-scale asset purchases (LSAP) and their macroeconomic effects. Our model predicts that unless private...
Persistent link: https://www.econbiz.de/10010699995
October 4, 2012. Presentation. "Price Level Targeting: The Fed Has It About Right." Presented at Economic Club of Memphis, Memphis, Tennessee.
Persistent link: https://www.econbiz.de/10010727304
May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.
Persistent link: https://www.econbiz.de/10010727313
Presented at Adaptive Learning in Macroeconomics. Sponsored by the Centre for International Macroeconomics and Finance (CIMF) and the Faculty of Economics of the University of Cambridge.
Persistent link: https://www.econbiz.de/10010727320
This paper develops a monetary model with taxes to account for the apparently asymmetric and time-varying effects of energy shocks on output and hours worked in post-World War II U.S. data. In our model, the real effects of an energy shock are amplified when the monetary authority responds to...
Persistent link: https://www.econbiz.de/10010662819
Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002
Persistent link: https://www.econbiz.de/10011185035
Presentation to the International Mass Retail Association (IMRA), Scottsdale, Ariz. - Jan. 21, 2002
Persistent link: https://www.econbiz.de/10011185114