The Resource Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson
Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson
Resource Information
The item Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri Libraries.
This item is available to borrow from 1 library branch.
- Summary
- "It is generally agreed that slack has some impact on inflation. There is much less agreement on what form the relationship takes and whether it is stable enough to reliably help predict inflation. This analysis focuses on the Great Moderation period. We find that slack (as measured by the unemployment rate) and changes in slack are negatively correlated with changes in inflation and also deviations of inflation from long-forward inflation expectations. These relationships could have been exploited to produce forecasts of trimmed mean PCE inflation more accurate than rule-of-thumb forecasts. Forecasts of trimmed mean PCE inflation also serve well as predictions of GDP inflation and headline PCE inflation. Our analysis suggests that currently high levels of slack should hold inflation below two percent over 2012."--Publisher's website
- Language
- eng
- Extent
- 19 pages
- Note
-
- Cover title
- "January 2012."
- Label
- Inflation, slack, and Fed credibility
- Title
- Inflation, slack, and Fed credibility
- Statement of responsibility
- Evan F. Koenig and Tyler Atkinson
- Language
- eng
- Summary
- "It is generally agreed that slack has some impact on inflation. There is much less agreement on what form the relationship takes and whether it is stable enough to reliably help predict inflation. This analysis focuses on the Great Moderation period. We find that slack (as measured by the unemployment rate) and changes in slack are negatively correlated with changes in inflation and also deviations of inflation from long-forward inflation expectations. These relationships could have been exploited to produce forecasts of trimmed mean PCE inflation more accurate than rule-of-thumb forecasts. Forecasts of trimmed mean PCE inflation also serve well as predictions of GDP inflation and headline PCE inflation. Our analysis suggests that currently high levels of slack should hold inflation below two percent over 2012."--Publisher's website
- Cataloging source
- IXA
- http://library.link/vocab/creatorName
- Koenig, Evan F
- Illustrations
- illustrations
- Index
- no index present
- LC call number
- HD5710.2
- LC item number
- .K646 2012
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
- Atkinson, Tyler
- Series statement
- Staff papers / Federal Reserve Bank of Dallas
- Series volume
- no. 16
- http://library.link/vocab/subjectName
-
- Inflation (Finance)
- Unemployment
- Phillips curve
- Anti-inflationary policies
- Label
- Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson
- Note
-
- Cover title
- "January 2012."
- Bibliography note
- Includes bibliographical references (page 19)
- Carrier category
- volume
- Carrier category code
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
- txt
- Content type MARC source
- rdacontent
- Control code
- 777224221
- Dimensions
- 28 cm
- Extent
- 19 pages
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
- n
- Other physical details
- color illustrations
- System control number
- (OCoLC)777224221
- Label
- Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson
- Note
-
- Cover title
- "January 2012."
- Bibliography note
- Includes bibliographical references (page 19)
- Carrier category
- volume
- Carrier category code
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
- txt
- Content type MARC source
- rdacontent
- Control code
- 777224221
- Dimensions
- 28 cm
- Extent
- 19 pages
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
- n
- Other physical details
- color illustrations
- System control number
- (OCoLC)777224221
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.missouri.edu/portal/Inflation-slack-and-Fed-credibility-Evan-F./wqgCSPbDZlM/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.missouri.edu/portal/Inflation-slack-and-Fed-credibility-Evan-F./wqgCSPbDZlM/">Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.missouri.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.missouri.edu/">University of Missouri Libraries</a></span></span></span></span></div>
