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Why are central banks pursuing long-run price stability? (commentary)

Summers, Lawrence - In: Proceedings - Economic Policy Symposium - Jackson Hole (1996), pp. 35-43

Persistent link: https://www.econbiz.de/10005419802

Indicators of the general price level and inflation

Becsi, Zsolt - In: Economic and Financial Policy Review (1994) Q IV, pp. 27-39

This article examines whether price indexes, such as the CPI, the PPI, and the implicit price deflator for GDP (PGDP), tell a consistent story about the general price level and inflation rate. To this end, Zsolt Becsi analyzes the time series properties of these indexes. He finds that the PGDP...

Persistent link: https://www.econbiz.de/10005420149

U.S. wage and price dynamics: a limited information approach

Sbordone, Argia M. - Federal Reserve Bank of New York - 2006

This paper analyzes the dynamics of prices and wages using a limited information approach to estimation. I estimate a … two-equation model for the determination of prices and wages derived from an optimization-based dynamic model in which … both goods and labor markets are monopolistically competitive; prices and wages can be reoptimized only at random intervals …

Persistent link: https://www.econbiz.de/10005420606

What is behind the inflation numbers?

Felix, Alison; Watkins, Kate - In: Rocky Mountain Economist (2013) Q II, pp. 1-4

This issue of the Rocky Mountain Economist describes common measures of inflation and explores how recent trends compare to the policy objectives of the Federal Reserve.

Persistent link: https://www.econbiz.de/10010739985

Making sense of the ups and downs of prices

Yetter, Erin A. - In: Page One Economics Newsletter (2013) August

"Back in my day, a gallon of gas cost a quarter!" Has your grandfather ever said something like this to make a point about how expensive things are now? The price of gasoline indeed used to be much lower. In fact, the price of gasoline has risen from a little over $1 per gallon in 1992 to a...

Persistent link: https://www.econbiz.de/10010690274

Strengthening our monetary policy framework: a speech at the 20th Annual Hyman P. Minsky Conference, April 14, 2011, New York, New York

Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2011

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/10010769184

Outstanding issues in the analysis of inflation: a speech at the Federal Reserve Bank of Boston’s 52nd Annual Economic Conference, Chatham, Massachusetts, June 9, 2008

Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2008

Persistent link: https://www.econbiz.de/10010665291

Does wage inflation cause price inflation?

Hess, Gregory D.; Schweitzer, Mark E. - In: Policy Discussion Papers (2000) Apr

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

On the economic outlook and the commitment to price stability

Lockhart, Dennis P. - In: Speech (2009) Jul 20

Remarks at the Rotary Club of Nashville, Nashville, Tennessee, July 20, 2009

Persistent link: https://www.econbiz.de/10010702285

A simple adaptive measure of core inflation

Cogley, Timothy - Federal Reserve Bank of San Francisco - 1998

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