Coverart for item
The Resource Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson

Inflation, slack, and Fed credibility, Evan F. Koenig and Tyler Atkinson

Label
Inflation, slack, and Fed credibility
Title
Inflation, slack, and Fed credibility
Statement of responsibility
Evan F. Koenig and Tyler Atkinson
Creator
Contributor
Subject
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
Member of
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
Instantiates
Publication
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
Publication
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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