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Monetary policy with a new view of potential GNP

Boschen, John; Mills, Leonard - In: Business Review (1990) Jul, pp. 3-10

Persistent link: https://www.econbiz.de/10004967417

Santomero, Anthony M. - In: Business Review (2002) Q 1, pp. 1-4

President Santomero reviews both the areas of agreement and those open to debate and offers his perspective on them. He concludes with some thoughts about the implications for the conduct of monetary policy.

Persistent link: https://www.econbiz.de/10004967448

Does monetary policy have differential regional effects?

Carlino, Gerald A.; DeFina, Robert H. - In: Business Review (1996) Mar, pp. 17-27

Do monetary policy actions have a uniform national effect? Or do the separate, but interdependent, regions of the country respond differently to changes in policy? In this article, Jerry Carlino and Bob DeFina demonstrate that monetary policy does have differential effects across regions. They...

Persistent link: https://www.econbiz.de/10004967455

How costly is disinflation? The historical evidence

Ball, Laurence - In: Business Review (1993) Nov, pp. 17-28

Persistent link: https://www.econbiz.de/10004967466

Monetary policy and inflation targeting in the United States.

Santomero, Anthony M. - In: Business Review (2004) Q4, pp. 1-6

Should monetary policymakers in the U.S. adopt explicit inflation targeting? After all, the Fed has steadily reduced … inflation over the past 25 years without resorting to an explicit inflation target. But having achieved price stability, we must … now deal with the matter of maintaining it. In "Monetary Policy and Inflation Targeting in the United States," President …

Persistent link: https://www.econbiz.de/10004967477

Does money affect output?

Ahmed, Shagil - In: Business Review (1993) Jul, pp. 13-28

Persistent link: https://www.econbiz.de/10004967492

Making monetary policy: what do we know and when do we know it?

Santomero, Anthony M. - In: Business Review (2005) Q4, pp. 1-8

President Anthony Santomero points out that conducting a successful monetary policy presents real-world challenges, such as evaluating where the economy is, where it is going, and where it should be going. But how do monetary policymakers make decisions about the economy in a world with...

Persistent link: https://www.econbiz.de/10004967510

Inflation expectations, uncertainty, the Phillips Curve, and monetary policy

Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 2009

Inflation expectations play a central role in models of the Phillips curve. At long time horizons inflation … importance of inflation expectations for monetary policy. These comments touch on three issues regarding inflation expectations …: The evolving treatment of inflation expectations in empirical Phillips curve models; three recent models of information …

Persistent link: https://www.econbiz.de/10004967551

Canadian Interest Rate Setting: The Information Content of Canadian and U.S. Central Bank Communication

Hayo, Bernd; Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2009

We explain Canadian target rate decisions using macroeconomic variables as well as Bank of Canada (BOC) and Federal Reserve (Fed) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to explain and predict 60 target rate decisions between 1998 and 2006....

Persistent link: https://www.econbiz.de/10004967619

Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious?

Capistrán, Carlos - Banco de México - 2006

Inflation forecasts of the Federal Reserve seem to have systematically under-predicted inflation from the fourth … Reserve's inflation forecasts. The results suggest that the cost of having inflation above an implicit time-varying target was … larger than the cost of having inflation below it for the period since Volcker, and that the opposite was true for the pre …

Persistent link: https://www.econbiz.de/10004967925