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Persistent link: https://www.econbiz.de/10003740625
are often used for monetary policy. Until now, the use of trimmed-mean price statistics in forecasting inflation has often … the inflation forecasting improvements are perhaps not surprising given the current literature on core inflation …
Persistent link: https://www.econbiz.de/10013073010
We estimate an empirical model of inflation that exploits a Phillips curve relationship between a measure of … unemployment and a subaggregate measure of inflation (services). We generate an aggregate inflation forecast from forecasts of the … statistics for models that exploit relationships between services inflation and the unemployment rate. In addition, models of …
Persistent link: https://www.econbiz.de/10013013606
might be useful in the forecasting of aggregate inflation. Trimmed-mean inflation estimators have been shown to be useful … devices for forecasting headline PCE inflation. But does this stem from their ability to signal the underlying trend, or does … question by augmenting a “hard to beat” benchmark inflation forecasting model of headline PCE price inflation with robust …
Persistent link: https://www.econbiz.de/10014079310
We develop a flexible modeling framework to produce density nowcasts for US inflation at a trading-day frequency. Our …
Persistent link: https://www.econbiz.de/10014091500
Persistent link: https://www.econbiz.de/10003740475
"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10003741414
Persistent link: https://www.econbiz.de/10008668604
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
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