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dc.contributor.authorTillmann, Peteren
dc.date.accessioned2009-12-15-
dc.date.accessioned2010-03-05T15:40:26Z-
dc.date.available2010-03-05T15:40:26Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburgen
dc.relation.ispartofseries|aMAGKS Joint Discussion Paper Series in Economics |x2009,46en
dc.subject.jelE43en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordinflation forecasten
dc.subject.keywordNAIRUen
dc.subject.keywordPhillips curveen
dc.subject.keywordmonetary policyen
dc.subject.keywordFederal Reserveen
dc.titleThe Fed's perceived Phillips curve: vidence from individual FOMC forecasts-
dc.type|aWorking Paperen
dc.identifier.ppn614981093en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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