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support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to …
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securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to …
Persistent link: https://www.econbiz.de/10014403011
provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding …
Persistent link: https://www.econbiz.de/10014404249
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature …, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation … coding of inflation reports to describe inflation factors communicated by central banks in real time. Regarding the latter …
Persistent link: https://www.econbiz.de/10014411339
Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper offers a theoretical model with which such policies can be analyzed. In...
Persistent link: https://www.econbiz.de/10014396938
.S. headline inflation rate. This paper compares alternative approaches to filtering out the transitory effects of these industry … price changes and measuring the underlying or core level of inflation over 2020-2021. The Federal Reserve's preferred … measure of core, the inflation rate excluding food and energy prices (XFE), has performed poorly: over most of 2020-21, it is …
Persistent link: https://www.econbiz.de/10012795049
). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and … and inflation …
Persistent link: https://www.econbiz.de/10012517915