Similar Search Results

Inflation and Output in New Keynesian Models with a Transient Interest Rate Peg

Carlstrom, Charles T. - 2012

counterintuitive inflation reversals where the effect of the interest rate peg can switch from highly inflationary to highly …

Persistent link: https://www.econbiz.de/10013096285

How Inflationary is an Extended Period of Low Interest Rates?

Carlstrom, Charles T. - 2012

unreasonably large inflation response. We pursue this simple test in three variants of the familiar dynamic new Keynesian (DNK …) model. All of these models fail this test. Further some variants of the model produce inflation reversals where an interest …

Persistent link: https://www.econbiz.de/10013112491

Inflation Persistence, Inflation Targeting, and the Great Moderation

Carlstrom, Charles T. - 2008

1980's. In particular, inflation persistence has declined sharply. The paper demonstrates that this decline is consistent …) the central bank more aggressively responds to inflation …

Persistent link: https://www.econbiz.de/10012723663

Central Bank Independence and Inflation : A Note

Carlstrom, Charles T. - 2007

can account for nearly two thirds of the improved inflation performance of these nations over the last two decades …

Persistent link: https://www.econbiz.de/10012728839

Comments on Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

Carlstrom, Charles T.; Fuerst, Timothy S. - 2007

than rules that also include current or future inflation …

Persistent link: https://www.econbiz.de/10014223028

Forecasting with the yield curve; level, slope, and output 1875 - 1997

Bordo, Michael D.; Haubrich, Joseph Gerard - In: Economics letters 99 (2008) 1, pp. 48-50

Persistent link: https://www.econbiz.de/10003723216

Labor productivity during the Great Depression

Bordo, Michael D. - In: Economics letters 47 (1995) 1, pp. 41-45

Persistent link: https://www.econbiz.de/10001175006

U.S. Intervention and the Early Dollar Float : 1973-1981

Bordo, Michael D. - 2010

The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …

Persistent link: https://www.econbiz.de/10013135219

U.S. Foreign-Exchange-Market Intervention During the Volcker-Greenspan Era

Bordo, Michael D. - 2010

The Federal Reserve abandoned foreign-exchange-market intervention because it conflicted with the System's commitment to price stability. By the early 1980s, economists generally concluded that, absent a portfolio-balance channel, sterilized foreign-exchange-market intervention did not provide...

Persistent link: https://www.econbiz.de/10013139393

U.S. Monetary-Policy Evolution and U.S. Intervention

Bordo, Michael D. - 2011

The United States all but abandoned its foreign-exchange-market intervention operations in late 1995, when they proved corrosive to the credibility of the Federal Reserve's commitment to price stability. We view this decision as the culmination of the evolution of U.S. monetary policy over the...

Persistent link: https://www.econbiz.de/10013119099