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linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …
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The paper examines the processes underlying economic fluctuations by investigating the volatility moderation of U.S. economy in the early 1980's. We decompose the volatility decline using a dynamic factor framework into a common stochastic trend, common transitory component and idiosyncratic...
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of federal litigation cases. In particular, the impact of aggregate U.S. GDP, consumption, inflation, unemployment, and … output, consumption and inflation to the total volume of federal litigation, so that predictions of future litigation volume … analysis, it is seen that shocks to income, consumption and inflation immediately lead to an increase in the volume of …
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