Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002

This paper examines whether monetary shocks can consistently generate stagflation in a dynamic, stochastic setting. I assume that the monetary authority can induce transitory shocks and longer-lasting monetary regime changes in its operating instrument. Firms cannot distinguish between these...

Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002

Remarks at the Whitman School of Management at Syracuse University, Syracuse, New York.

Remarks at the University at Albany, Albany, New York.

Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.