We present a model embodying moderate amounts of nominal rigidities which accounts for the observed inertia in inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after an expansionary shock to monetary policy. Of these...

After the current quantitative easing program ends, it would be natural for the FOMC to put monetary policy on hold.

August 15, 2013. Presentation. "An Update on the Tapering Debate." Louisville, Kentucky.

August 2, 2013. Presentation. "The Tapering Debate." 2013 Municipal Finance Conference, Boston, Massachusetts

September 20, 2013. Presentation. "Four Questions for Current Monetary Policy." New York Association for Business Economics, New York, N.Y.

Remarks by Charles L. Evans President and Chief Executive Officer Federal Reserve Bank of Chicago U.S. Monetary Policy Forum University Club of New York New York, New York

Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Conference Banque de France - Federal Reserve Bank of Chicago "Asset Price Bubbles and Monetary Policy" Paris, France

Remarks by Charles L. Evans, President and Chief Executive Officer,Federal Reserve Bank of Chicago Harper College Economic Forum Harper College Palatine, Illinois

Remarks by Charles L. Evans President and Chief Executive Officer, Federal Reserve Bank of Chicago New York Association for Business Economics Harvard Club New York, New York