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dc.contributor.authorFuhrer, Jeffen
dc.contributor.authorOlivei, Giovannien
dc.contributor.authorTootell, Geoffrey M. B.en
dc.date.accessioned2009-06-08-
dc.date.accessioned2012-02-23T08:23:52Z-
dc.date.available2012-02-23T08:23:52Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of Boston |cBoston, MAen
dc.relation.ispartofseries|aWorking Papers |x09-4en
dc.subject.jelE5en
dc.subject.jelE31en
dc.subject.jelE37en
dc.subject.ddc330en
dc.subject.stwPhillips-Kurveen
dc.subject.stwNew-Keynesian Phillips Curveen
dc.subject.stwModell-Spezifikationen
dc.subject.stwSchätztheorieen
dc.subject.stwTheorieen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.titleEmpirical estimates of changing inflation dynamics-
dc.typeWorking Paperen
dc.identifier.ppn601246268en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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