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New challenges for monetary policy : a symposium, Jackson Hole, Wyoming, August 26-28, 1999

In: Proceedings - Economic Policy Symposium - Jackson Hole (1999)

Persistent link: https://www.econbiz.de/10005726196

Strategy an tactics of monetary policy: examples from Europe and the Antipodes

Goodhart, Charles A. E.; Vinals, Jose - In: Conference Series ; [Proceedings] 38 (1994), pp. 139-194

Persistent link: https://www.econbiz.de/10005361358

Measuring core inflation: notes from a 2007 Dallas Fed conference

Dolmas, Jim; Wynne, Mark A. - In: Staff Papers (2008) May

In May 2007, the Federal Reserve Bank of Dallas hosted a conference, organized with the Federal Reserve Bank of Cleveland, titled "Price Measurement for Monetary Policy." The conference broadly focused on two issues - the measurement of core inflation and the measurement of inflation...

Persistent link: https://www.econbiz.de/10005514900

Imperfectly credible disinflation under endogenous time-dependent pricing

Bonomo, Marco; Carvalho, Carlos - Federal Reserve Bank of New York - 2008

The real effects of an imperfectly credible disinflation depend critically on the extent of price rigidity. Therefore, the study of how policymakers' credibility affects the outcome of an announced disinflation should include an analysis of the determinants of the frequency of price adjustments....

Persistent link: https://www.econbiz.de/10005420661

Optimal interest rate rules and inflation stabilization versus price-level stabilization

Giannoni, Marc P. - Federal Reserve Bank of New York - 2012

This paper compares the properties of interest rate rules such as simple Taylor rules and rules that respond to price-level fluctuations—called Wicksellian rules—in a basic forward-looking model. By introducing appropriate history dependence in policy, Wicksellian rules perform better than...

Persistent link: https://www.econbiz.de/10011027236

Globalization and inflation dynamics: the impact of increased competition

Sbordone, Argia M. - Federal Reserve Bank of New York - 2008

This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...

Persistent link: https://www.econbiz.de/10005726633

Are money growth and inflation still related?

Gerald P. Dwyer, Jr.; Hafer, R.W. - In: Economic Review (1999) Q2, pp. 32-43

Despite the long history and the substantial evidence supporting the conclusion that persistent changes in the price level are associated with changes in the money supply, the predicted association remains dis-puted. Is it debated because the empirical relationship holds over time periods so...

Persistent link: https://www.econbiz.de/10005361105

The dollar and prices: an empirical analysis

Joseph A. Whitt, Jr.; Koch, Paul D.; Rosensweig, Jeffrey A. - In: Economic Review (1986) Oct, pp. 4-18

Persistent link: https://www.econbiz.de/10005491170

Exchange rate rules in support of disinflation programs in developing countries

Kamin, Steven B. - Federal Reserve Board (Board of Governors of the … - 1991

, an initial devaluation followed by partial indexation of the exchange rate to domestic prices may be useful. The paper …

Persistent link: https://www.econbiz.de/10005498900

Pass-through of exchange rates and import prices to domestic inflation in some industrialized economies

McCarthy, Jonathan - Federal Reserve Bank of New York - 2000

This paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer … exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect. Pass-through is … larger in countries with a larger import share and more persistent exchange rates and import prices. Over 1996-98, these …

Persistent link: https://www.econbiz.de/10005420498