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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
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Relative-price changes as aggregate supply shocks
Ball, Laurence; Mankiw, N. Gregory - Federal Reserve Bank of Philadelphia - 1993
Persistent link: https://www.econbiz.de/10005717385
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Asset prices and the conduct of monetary policy : proceedings of the Monetary Affairs Workshop
Porter, Richard D. - Federal Reserve Board (Board of Governors of the … - 1990
Persistent link: https://www.econbiz.de/10005721001
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Sticky inflation and interest rate rules with auction prices
Muehlen, Peter von zur - Federal Reserve Board (Board of Governors of the … - 1990
Persistent link: https://www.econbiz.de/10005721127
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Research spotlight: You get what you pay for
Slivinski, Stephen - In: Econ Focus (2009) Sum, pp. 9-9
Related link(s): http://www.richmondfed.org/publications/research/region_focus/2009/summer/research_spotlight_weblinks.cfm
Persistent link: https://www.econbiz.de/10008500273
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The effect of question wording on reported expectations and perceptions of inflation
Bruin, Wändi Bruine de; Klaauw, Wilbert van der; … - Federal Reserve Bank of New York - 2010
inflation. The Michigan Survey of Consumers uses questions about "prices in general" to measure expected and perceived inflation … specific prices when being asked about "prices in general." Here, we randomly assigned respondents to questions about "prices … and more dispersed for "prices in general" than for "the rate of inflation," with "prices you pay" and "prices in general …
Persistent link: https://www.econbiz.de/10008475905
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The optimal rate of inflation with trending relative prices
Wolman, Alexander L. - Federal Reserve Bank of Richmond - 2009
The relative prices of different categories of consumption goods have been trending over time. Assuming they are … exogenous with respect to monetary policy, these trends imply that monetary policy cannot stabilize the prices of all … consumption categories. If prices are sticky, monetary policy then must trade off relative price distortions within different …
Persistent link: https://www.econbiz.de/10005009949
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Precursors of the P-star model
Humphrey, Thomas M. - In: Economic Review (1989) Jul, pp. 3-9
actual and equilibrium prices. The model has a distinguished history. Quantity theorists from David Hume to Milton Friedman …
Persistent link: https://www.econbiz.de/10005063823
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Maintaining price stability: a proposal
Hetzel, Robert L. - In: Economic Review (1990) Mar, pp. 53-55
The Neal Resolution, now in Congress, would make price stability the dominant goal of monetary policy. The first of these two articles holds that policymakers’ discretion over the price level increases political conflict. Further, it argues that removing this discretion would restore the...
Persistent link: https://www.econbiz.de/10005063872
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A mandate for price stability
Hetzel, Robert L. - In: Economic Review (1990) Mar, pp. 45-53
The Neal Resolution, now in Congress, would make price stability the dominant goal of monetary policy. The first of these two articles holds that policymakers’ discretion over the price level increases political conflict. Further, it argues that removing this discretion would restore the...
Persistent link: https://www.econbiz.de/10005063983