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prices do reflect the effects of the settlement delay. …
Persistent link: https://www.econbiz.de/10005360774
A discussion of six papers presented at the Federal Reserve Bank of Cleveland's Conference on Price Stability in November 1990, focusing on how recent developments in macroeconomic research have changed perceptions about optimal inflation policy.
Persistent link: https://www.econbiz.de/10005360789
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with price stability. Because stable prices are essential to maximum long-term economic growth and living standards, the … first examines the behavior of inflation over the past year, showing that sharp increases in food and energy prices caused … most overall inflation measures to rise, while inflation in nonfood and nonenergy prices slowed. Second, he shows that …
Persistent link: https://www.econbiz.de/10005373355
Central banks throughout the world are moving to adopt long-run price stability as their primary goal. Whether operating with multiple short-run goals or legislative mandates for price stability, virtually all central banks have recognized the desirability of achieving price stability over time....
Persistent link: https://www.econbiz.de/10005373388
The primary goal of Federal Reserve monetary policy is to foster maximum sustainable growth in the U.S. economy by achieving price stability over time. Although considerable progress toward price stability has been made since the early 1980s, inflation remains above the level most analysts would...
Persistent link: https://www.econbiz.de/10005373392
The plunge in world oil prices has brought further difficulties to U.S. oil production, which has been declining in … recent years. At the current low prices, most domestic oil wells are not profitable. This calls into question the long … century will depend on how long oil prices remain at their current low levels.> Lamb and Wilkerson show how the recent low …
Persistent link: https://www.econbiz.de/10005373429
After two decades of successfully restoring price stability in much of the world economy, central banks begin the next millennium facing a new set of challenges. One key task is how to conduct monetary policy in an era of price stability. Clearly, policymakers would like inflation to remain...
Persistent link: https://www.econbiz.de/10005373431
Some key features of the behavior of inflation in the United States appear to have changed in the past 20 years, with potentially important implications for forecasters and policymakers. Recent studies have provided evidence of a decline in both the variability and persistence of inflation. ;...
Persistent link: https://www.econbiz.de/10005373502