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Journal Article
Dollar depreciation and inflation
Journal Article
Evolving market perceptions of Federal Reserve policy objectives
Journal Article
Taylor rule deviations and financial imbalances
Over the last quarter century, the U.S. economy has faced a number of financial shocks originating in a variety of sectors and locations around the globe. While most of these crises have had little or no effect on the United States, the recent financial crisis caused the worst U.S. recession since the Great Depression. ; The causes of these crises are varied. To some extent, however, a buildup of financial imbalances preceded each crisis. In some cases, asset prices rose to unsustainable levels inconsistent with market fundamentals. In other cases, a buildup of foreign debt precipitated a ...
Journal Article
Wage behavior in the United States: 1907-80
Working Paper
The output and inflation effects of dollar depreciation
Journal Article
Achieving price stability: a summary of the Bank's 1996 symposium
Central banks throughout the world are moving to adopt long-run price stability as their primary goal. Whether operating with multiple short-run goals or legislative mandates for price stability, virtually all central banks have recognized the desirability of achieving price stability over time. Countries with moderate to high inflation are adopting policies to reduce inflation, and countries with low inflation are adopting policies to achieve and maintain price stability.> To better understand how central banks can best reduce inflation and what policies and operating procedures should be ...
Journal Article
International policy coordination in an interdependent world
Journal Article
Labor compensation and inflation
Journal Article
Monetary Policy at the Zero Lower Bound: Revelations from the Summary of Economic Projections
George A. Kahn and Andrew Palmer assess how FOMC participants' projections that policy would lift off from its effective lower bound related to their projections for inflation and unemployment.
Journal Article
Theories of price determination