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Monetary policy
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131
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128
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81
Economic outlook and a perspective on monetary policy
Plosser, Charles I.
- In:
Speech
(
2011
)
October 12
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> Zell/Lurie Real Estate Center at Wharton, Fall Members’ Meeting, October 12, 2011
Persistent link: https://www.econbiz.de/10009320881
Saved in:
82
Economic outlook
Plosser, Charles I.
- In:
Speech
(
2011
)
Sept 29
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Business Leaders Forum, Villanova School of Business, September 29, 2011>
Persistent link: https://www.econbiz.de/10009320882
Saved in:
83
Should central banks raise their inflation targets? Some relevant issues
McCallum, Bennett T.
- In:
Economic Quarterly
(
2011
)
2Q
,
pp. 111-131
Several arguments are relevant. (1) In the absence of the zero lower bound (ZLB), the optimal steady-state inflation rate, according to standard reasoning, lies between deflation at the steady-state real interest rate and the Calvo-model value of zero, with calibration indicating a larger weight...
Persistent link: https://www.econbiz.de/10009320887
Saved in:
84
Discretionary monetary policy in the Calvo model
Zandweghe, Willem Van
;
Wolman, Alexander
-
Federal Reserve Bank of Richmond
-
2011
We study discretionary equilibrium in the Calvo pricing model for a monetary authority that chooses the money supply. The steady-state inflation rate is above 8 percent for a baseline calibration, but it varies substantially with alternative structural parameter values. If the initial condition...
Persistent link: https://www.econbiz.de/10009321093
Saved in:
85
Monetary policy with unknown natural rates
Lubik, Thomas A.
;
Romero, Jessie
- In:
Richmond Fed Economic Brief
(
2011
)
Jul
The "unemployment gap" is an important factor in monetary policy decisions. But the size of the gap depends on the level of natural rate of unemployment, which is inherently unobservable. The uncertainty surrounding estimates of the natural rate, and the costs of mismeasuring it, may recommend a...
Persistent link: https://www.econbiz.de/10009321119
Saved in:
86
Monetary policy and global equilibria in a production economy
Hursey, Tim
;
Wolman, Alexander L.
- In:
Economic Quarterly
(
2010
)
4Q
,
pp. 317-337
In linear macroeconomic models, an active Taylor rule for monetary policy can guarantee a locally unique nonexplosive equilibrium. In a series of articles, Benhabib, Schmitt-Grohé, and Uribe looked beyond the local dynamics and showed that active Taylor rules could interact with the zero bound...
Persistent link: https://www.econbiz.de/10009321134
Saved in:
87
The implementation of recent monetary policy actions
Sack, Brian P.
- In:
Speech
(
2011
)
Oct 24
Remarks at the Annual Meeting with Primary Dealers, New York City.
Persistent link: https://www.econbiz.de/10009358567
Saved in:
88
Strengthening our monetary policy framework through commitment, credibility, and communication
Plosser, Charles I.
- In:
Speech
(
2011
)
Nov 8
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center’s 2011 Global Citizen Award Luncheon, Union League Club, Philadelphia, Pennsylvania, November 8, 2011
Persistent link: https://www.econbiz.de/10009364684
Saved in:
89
Inflation objective and policy credibility: a potential problem for the FOMC
Thornton, Daniel L.
- In:
Economic Synopses
(
2011
)
In order to maintain its credibility, however, the FOMC will have to take actions consistent with achieving its stated inflation objective.
Persistent link: https://www.econbiz.de/10009365632
Saved in:
90
The national and regional economic outlook
Dudley, William C.
- In:
Speech
(
2011
)
Oct 24
Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Persistent link: https://www.econbiz.de/10009366963
Saved in:
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