EconStor >
Federal Reserve Bank of Boston >
Working Paper Series, Federal Reserve Bank of Boston >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/55611
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorFuhrer, Jeffen_US
dc.contributor.authorOlivei, Giovannien_US
dc.contributor.authorTootell, Geoffrey M. B.en_US
dc.date.accessioned2009-06-08en_US
dc.date.accessioned2012-02-23T08:23:52Z-
dc.date.available2012-02-23T08:23:52Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/55611-
dc.description.abstractThis paper provides an array of empirical evidence bearing on potentially important changes in the dynamics of U.S. inflation. We examine the overall performance of Phillips curves relative to some well-known benchmarks, the efficiency with which the Federal Reserve's Greenbook forecasts of inflation use real activity information, and shifts in the key determinants of the reduced-form triangle model” of inflation. We develop a structural model-based interpretation of observed reduced-form shifts and conduct a reduced-form assessment of the relationship between core and headline measures of inflation, centering on the persistent pass-through” of relative price changes into core and headline inflation measures, and a parallel exercise that examines the pass-through of key relative price changes into wage and compensation measures.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, MAen_US
dc.relation.ispartofseriesWorking paper series // Federal Reserve Bank of Boston 09-4en_US
dc.subject.jelE5en_US
dc.subject.jelE31en_US
dc.subject.jelE37en_US
dc.subject.ddc330en_US
dc.subject.stwPhillips-Kurveen_US
dc.subject.stwNew-Keynesian Phillips Curveen_US
dc.subject.stwModell-Spezifikationen_US
dc.subject.stwSchätztheorieen_US
dc.subject.stwTheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.titleEmpirical estimates of changing inflation dynamicsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn601246268en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, Federal Reserve Bank of Boston

Files in This Item:
File Description SizeFormat
601246268.pdf532.08 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.