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earlier research into this question and finds little support for the view that higher wages cause higher prices. On the … contrary, more evidence is found for higher prices leading to wage growth. …
Persistent link: https://www.econbiz.de/10010628462
Remarks at the Rotary Club of Nashville, Nashville, Tennessee, July 20, 2009
Persistent link: https://www.econbiz.de/10010702285
This paper proposes a new measure of core inflation and compares it with several existing measures. The new measure is adaptive and is designed to track sudden and persistent movements inflation, such as those arising from changes in monetary policy regimes. the adaptive measure is a superior...
Persistent link: https://www.econbiz.de/10010702309
We develop a new class of nonlinear time-series models to identify nonlinearities in the data and to evaluate nonlinear DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and nominal wage growth feature conditional...
Persistent link: https://www.econbiz.de/10010718648
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. 20th Annual Hyman P. Minsky Conference, April 14, 2011, New York, New York.
Persistent link: https://www.econbiz.de/10009001768
prices when generating their inflation expectations. Those who thought of specific prices reported more extreme and more …
Persistent link: https://www.econbiz.de/10009001770
The recent surge in commodity prices has rekindled interest in their power to predict consumer price inflation. But is … this interest warranted? In examining the empirical relationship between commodity prices and consumer price inflation …
Persistent link: https://www.econbiz.de/10008621666
Remarks by President Dudley at the Brooklyn Chamber of Commerce Brooklyn Borough Hall, Brooklyn, New York.
Persistent link: https://www.econbiz.de/10009146830
Federal Reserve Bank of Cleveland President Sandra Pianalto explains why price stability is essential for maximum employment and how the adoption of a numerical target for inflation may improve the central bank’s ability to achieve both objectives. Find the essay, along with Frequently Asked...
Persistent link: https://www.econbiz.de/10009024030