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McElhattan, Rose - In: FRBSF Economic Letter (1974)

Persistent link: https://www.econbiz.de/10005707339

The frequency of price adjustment and New Keynesian business cycle dynamics

Dennis, Richard - Federal Reserve Bank of San Francisco - 2006

, our results indicate that the share of firms that change prices each quarter is just over 60 percent, broadly in line with … gathering/processing costs, we find that most firms that change prices are rule-of-thumb price setters. Finally, compared to …

Persistent link: https://www.econbiz.de/10005712226

Optimal monetary policy with staggered wage and price contracts

Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - Federal Reserve Board (Board of Governors of the … - 1999

-optimal equilibrium that would occur under completely flexible wages and prices; that is, the model exhibits a tradeoff between … stabilizing the output gap, price inflation, and wage inflation. The Pareto optimum is attainable only if either wages or prices …

Persistent link: https://www.econbiz.de/10005712759

A framework for the pursuit of price stability

McDonough, William J. - In: Economic Policy Review (1997) Aug, pp. 1-7

Based on remarks delivered before the Annual Financial Services of the New York Bankers Association on March 21, 1996, and the Economic Club of New York on October 2, 1996.

Persistent link: https://www.econbiz.de/10005712970

Long-run labor market dynamics and short-run inflation

Campbell, Jeffrey R.; Rissman, Ellen R. - In: Economic Perspectives (1994) Mar, pp. 15-27

Persistent link: https://www.econbiz.de/10005713123

Progress toward price stability: a report card for 1994

Kahn, George A. - In: Economic Review (1995) Q I, pp. 5-18

The Federal Reserve tightened monetary policy six times in 1994. The purpose of these policy moves was to encourage sustainable, noninflationary economic growth. Early actions were taken to move monetary policy toward a less accommodative stance than was followed in 1993. Later actions were...

Persistent link: https://www.econbiz.de/10005713226