Showing 1 - 10 of 73
Previous studies have interpreted the rise and fall of U.S. inflation after World War II in terms of the Fed's changing views about the natural rate hypothesis but have left an important question unanswered. Why was the Fed so slow to implement the low-inflation policy recommended by a natural...
Persistent link: https://www.econbiz.de/10011604524
Was UK inflation more stable and/or less uncertain before 1914 or after 1945? We address these questions by estimating a statistical model with changing volatilities in transient and persistent components of inflation. Three conclusions emerge. First, since periods of high and low volatility...
Persistent link: https://www.econbiz.de/10011209220
Persistent link: https://www.econbiz.de/10001692039
Persistent link: https://www.econbiz.de/10001981646
Previous studies have interpreted the rise and fall of U.S. inflation after World War II in terms of the Fed's changing views about the natural rate hypothesis but have left an important question unanswered. Why was the Fed so slow to implement the low-in ation policy recommended by a natural...
Persistent link: https://www.econbiz.de/10003001800
Persistent link: https://www.econbiz.de/10003080372
Persistent link: https://www.econbiz.de/10003172878
Persistent link: https://www.econbiz.de/10011474146
Previous studies have interpreted the rise and fall of U.S. inflation after World War II in terms of the Fed's changing views about the natural rate hypothesis but have left an important question unanswered. Why was the Fed so slow to implement the low-inflation policy recommended by a natural...
Persistent link: https://www.econbiz.de/10013318603
"This paper describes the continuous time stochastic process for money and inflation under which Cagan's adaptive expectations model is optimal. It then analyzes how data formed by sampling money and prices at discrete points in time would behave"--Federal Reserve Bank of Minneapolis web site
Persistent link: https://www.econbiz.de/10000082982