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Estimating the inflationary consequences of discretionary central bank behavior
Robinson, Kenneth J. - In: Economic and Financial Policy Review (1987) May, pp. 17-28
Persistent link: https://www.econbiz.de/10005420209
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Expectations, credibility, and disinflation in a small macroeconomic model
Huh, Chan G.; Lansing, Kevin J. - Federal Reserve Bank of San Francisco - 1998
We use a version of the Fuhrer-Moore model to study the effects of expectations and central bank credibility on the … model that vary according to the way that expectations are formed (rations versus adaptive) and the degree of central bank … central bank may face diminishing returns in its efforts to enhance credibility. …
Persistent link: https://www.econbiz.de/10010702305
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Opportunistic and deliberate disinflation under imperfect credibility
Bomfim, Antulio N.; Rudebusch, Glenn D. - Federal Reserve Bank of San Francisco - 1997
credibility of the central bank can be considered in assessing the cost of deliberate and opportunistic disinflation. …
Persistent link: https://www.econbiz.de/10010702307
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Central bank independence and inflation
Parry, Robert T. - In: FRBSF Economic Letter (1995)
Persistent link: https://www.econbiz.de/10005346660
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Low inflation and central bank independence
Parry, Robert T. - In: FRBSF Economic Letter (1992)
Persistent link: https://www.econbiz.de/10005346691
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Monetary policy on the 75th anniversary of the Federal Reserve system : proceedings of the fourteenth annual Economic Policy Conference, held on October 19-20, 1989
Belongia, Michael T. - Federal Reserve Bank of St. Louis - 1989
Persistent link: https://www.econbiz.de/10005367573
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Random coefficients models of the inflationary consequences of discretionary central bank behavior
Robinson, Kenneth J. - Federal Reserve Bank of Dallas - 1987
Persistent link: https://www.econbiz.de/10005394432
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Is inflation too low?
Poole, William - In: Review (1999) Jul, pp. 3-10
Inflation, as measured by the Consumer Price Index, seems to have settled at an annual rate of about 2 percent. Is that rate too low? In this article, William Poole, the president of the Federal Reserve Bank of St. Louis, states his belief that the Federal Reserve's target should be zero...
Persistent link: https://www.econbiz.de/10005414912
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Optimal policy with limited commitment
Kasa, Kenneth - Federal Reserve Bank of San Francisco - 1994
This paper uses Whiteman's(1986) frequency-domain optimization methodology to parameterize the precommitment period in a standard rational expectations policy design model. This allows researchers to adopt an empirical approach to the time consistency issue. That is, the operative commitment...
Persistent link: https://www.econbiz.de/10005078309