Search Results
Speech
The Great Inflation 2.0 Debate
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Council on Foreign Relations New York, NY
Speech
Navigating Market Turmoil
Remarks by Charles L. Evans, President and Chief Executive Officer,Federal Reserve Bank of Chicago Harper College Economic Forum Harper College Palatine, Illinois
Speech
Long-Term Economic Challenges
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Allied Social Science Associations San Franciso, CA
Discussion Paper
Seasonality and equilibrium business cycle theories
Barksy-Miron [1989] find that the postwar U.S. economy exhibits a regular seasonal cycle, as well as the business cycle phenomenon. Are these findings consistent with current equilibrium business cycle theories as surveyed by Prescott [1986]? We consider a dynamic, stochastic equilibrium business cycle model which includes deterministic seasonals and nontime-separable preferences. We show how to compute a perfect foresight seasonal equilibrium path for this economy. An approximation to the stochastic equilibrium is calculated. Using postwar U.S. data, GMM estimates of the structural ...
Speech
Economic Update
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Michigan Bankers Association, Dearborn, MI
Speech
Economic Outlook and Policy Challenges
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Rockford Chamber of Commerce Rockford, IL
Newsletter
What are the implications of rising commodity prices for inflation and monetary policy?
The recent run-ups in oil and other commodity prices and their implications for inflation and monetary policy have grabbed the attention of many commentators in the media. Clearly, higher prices of food and energy end up in the broadest measures of consumer price inflation, such as the Consumer Price Index. Since the mid-1980s, however, sharp increases and decreases in commodity prices have had little, if any, impact on core inflation, the measure that excludes food and energy prices.
Journal Article
The 2001 recession and the Chicago Fed National Index: identifying business cycle turning points
The initial release of the Chicago Fed National Activity Index (CFNAI) in early 2001 pointed to the very real possibility that the U.S. economy was teetering on the brink of recession. This article quantifies the statistical ability of the CFNAI to act as an early warning indicator of economic recessions. In simulation experiments, the CFNAI performed virtually as well as the statistical model's ideal measure of the business cycle.
Speech
Some Perspectives on Regulatory Reform Proposals
Remarks at the Institute of Regulation & Risk North Asia March 30, 2010, Hong Kong, China
Working Paper
Labor productivity during the Great Depression