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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
Monetary Policy at the Zero Lower Bound: Revelations from the FOMC's 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. The article is summarized in The Macro Bulletin.
Journal Article
Consumer Spending in China: The Past and the Future
Jun Nie and Andrew Palmer examine the recent rise in the share of consumer spending in Chinese GDP to assess whether China can become a consumption-driven economy.