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dc.contributor.authorTillmann, Peteren_US
dc.date.accessioned2009-12-15en_US
dc.date.accessioned2010-03-05T15:40:26Z-
dc.date.available2010-03-05T15:40:26Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30092-
dc.description.abstractThis note uncovers the Phillips curve trade-off perceived by U.S. monetary policymakers. For that purpose we use data on individual forecasts for unemployment and inflation submitted by each individual FOMC member, which was recently made available for the period 1992-1998. The results point to significant changes in the perceived trade-off over time with the Phillips curve flattening and the implied NAIRU falling towards the second half of the sample. Hence, the results suggest that policymakers were aware of these changes in real-time.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Business Administration & Economics Marburgen_US
dc.relation.ispartofseriesJoint discussion paper series in economics 2009,46en_US
dc.subject.jelE43en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordinflation forecasten_US
dc.subject.keywordNAIRUen_US
dc.subject.keywordPhillips curveen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordFederal Reserveen_US
dc.titleThe Fed's perceived Phillips curve: vidence from individual FOMC forecastsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn614981093en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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