Speech

Introductory remarks to the Price Measurement for Monetary Policy Conference

Abstract: Remarks given to a conference organized by the Federal Reserve Banks of Dallas and Cleveland,> Dallas, Texas, May 24, 2007 ; \"One of our main criticisms here at the Dallas Fed of much of the core inflation literature is that it lacks theoretical coherence. It reminds me of the time-honored saying that an economist is someone who sees something work in practice and then wonders if it can work in theory.\"

Keywords: Inflation (Finance); Price indexes; Monetary policy; Forecasting;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2007

Number: 45