Showing 1 - 10 of 42
At a time when past rules of thumb seem inadequate, the author briefly reviews the connection between money and prices.
Persistent link: https://www.econbiz.de/10005360763
An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary policy may hurt the clientele it is supposed to serve if, ultimately, the policy leads to higher long-run rates of inflation.
Persistent link: https://www.econbiz.de/10005360793
Since the early 1990s, a number of central banks have adopted numerical inflation targets as a guide for monetary policy. The targets are intended to help central banks achieve and maintain price stability by specifying an explicit goal for monetary policy based on a given time path for a...
Persistent link: https://www.econbiz.de/10005373352
A central tenet of inflation targeting is that establishing and maintaining well-anchored inflation expectations are essential. In this paper, we reexamine the role of key elements of the inflation targeting framework towards this end, in the context of an economy where economic agents have an...
Persistent link: https://www.econbiz.de/10005352353
This paper considers the joint problem of model estimation and implementation of monetary policy in the face of uncertainty regarding the process of structural change in the economy. I model unobserved structural change through time variation in the natural rates of interest and unemployment. I...
Persistent link: https://www.econbiz.de/10005352498
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Society of Business Economists Annual Conference, London, England, June 9, 2011
Persistent link: https://www.econbiz.de/10009216233
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> Zell/Lurie Real Estate Center at Wharton, Fall Members’ Meeting, October 12, 2011
Persistent link: https://www.econbiz.de/10009320881
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Business Leaders Forum, Villanova School of Business, September 29, 2011>
Persistent link: https://www.econbiz.de/10009320882
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center’s 2011 Global Citizen Award Luncheon, Union League Club, Philadelphia, Pennsylvania, November 8, 2011
Persistent link: https://www.econbiz.de/10009364684
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Entrepreneurs Forum of Greater Philadelphia, January 12, 2010
Persistent link: https://www.econbiz.de/10010727089