Showing 1 - 10 of 151
The Federal Reserve's muddled mandate to attain simultaneously the incompatible goals of maximum employment and price stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary policy to contribute best to the economy over time....
Persistent link: https://www.econbiz.de/10011327320
deteriorating and the economy was growing considerably faster than the economy's natural growth rate-the sum of the Fed's 2 …% inflation goal and the growth rate of potential output. The resilience of the Fed's monetary policy strategy could be enhanced …, and such errors be avoided with guidance from a simple natural growth targeting rule that prescribes that the federal …
Persistent link: https://www.econbiz.de/10014483910
The Federal Reserve's muddled mandate to attain simultaneously the incompatible goals of maximum employment and price stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary policy to contribute best to the economy over time....
Persistent link: https://www.econbiz.de/10011327424
As the author describes it, the Federal Reserve’s muddled mandate to attain simultaneously the incompatible goals of maximum employment and price stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary policy to...
Persistent link: https://www.econbiz.de/10012903929
The Federal Reserve's muddled mandate to attain simultaneously the incompatible goals of maximum employment and price stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary policy to contribute best to the economy over time....
Persistent link: https://www.econbiz.de/10013017027
A burgeoning part of the monetary policy design literature posits that optimal monetary policy is the solution to a constrained optimization problem where the monetary authority has the discretion to minimize a social welfare function, taking the economy and other policies as given. Davig and...
Persistent link: https://www.econbiz.de/10013018366
deteriorating and the economy was growing considerably faster than the economy's natural growth rate-the sum of the Fed's 2 …% inflation goal and the growth rate of potential output. The resilience of the Fed's monetary policy strategy could be enhanced …, and such errors be avoided with guidance from a simple natural growth targeting rule that prescribes that the federal …
Persistent link: https://www.econbiz.de/10014479735
panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than … negative influence of these incidents on growth is smaller. …
Persistent link: https://www.econbiz.de/10010276090
panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than … negative influence of these incidents on growth is smaller. …
Persistent link: https://www.econbiz.de/10010315840
panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than … negative influence of these incidents on growth is smaller. …
Persistent link: https://www.econbiz.de/10011402576