Although the economic performance of the U.S. economy in 1997 was very good, it was troubling in at least one respect for the Federal Open Market Committee. Traditional signals of inflation - rapid money growth and high levels of economic activity - were not accompanied by higher inflation. Rather, inflation fell steadily throughout the year. The committee put forth several hypotheses for the subdued inflation but found the situation puzzling, nevertheless. Compounding the problem, members did not know how long such dampening factors might last. In the end the FOMC changed the intended federal funds target once and searched anxiously for the answers to the conundrum it faced in 1997.Economic policy
T he year 2003 was a watershed in Federal Reserve history. In his semi-annual testimony to Congress ...
This study disentangles policy parameters from those describing private sector behavior by simultane...
In this article we propose to review some aspects of the relationship between price stability and f...
Based on remarks delivered before the Annual Financial Services of the New York Bankers Association ...
The testimony of Cleveland Federal Reserve Bank President W. Lee Hoskins before the U.S. House of Re...
The economy has been expanding for the past few years, but concerns are growing over the pressures p...
Speech before the New York Chapter, National Association for Business Economics (NABE), New York, Ap...
A speech at the Global Interdependence Center (GIC) Abroad in Chile Conference, Universidad Adolfo I...
The current financial crisis has prompted significant debate around the proper management of monetar...
In light of recent research findings, Michael J. Dueker and Andreas M. Fischer review the 1996 polic...
An argument that the central bank should adopt a policy of price stability based on an explicit obje...
Although the economic performance of the U.S. economy in 1997 was very good, it was troubling in at ...
The primary goal of Federal Reserve monetary policy is to foster maximum long-term growth in the U.S...
The United States all but abandoned its foreign-exchange-market intervention operations in late 1995...
This paper aims at investigating first the (possibly time-varying) empirical relationship between t...
T he year 2003 was a watershed in Federal Reserve history. In his semi-annual testimony to Congress ...
This study disentangles policy parameters from those describing private sector behavior by simultane...
In this article we propose to review some aspects of the relationship between price stability and f...
Based on remarks delivered before the Annual Financial Services of the New York Bankers Association ...
The testimony of Cleveland Federal Reserve Bank President W. Lee Hoskins before the U.S. House of Re...
The economy has been expanding for the past few years, but concerns are growing over the pressures p...
Speech before the New York Chapter, National Association for Business Economics (NABE), New York, Ap...
A speech at the Global Interdependence Center (GIC) Abroad in Chile Conference, Universidad Adolfo I...
The current financial crisis has prompted significant debate around the proper management of monetar...
In light of recent research findings, Michael J. Dueker and Andreas M. Fischer review the 1996 polic...
An argument that the central bank should adopt a policy of price stability based on an explicit obje...
Although the economic performance of the U.S. economy in 1997 was very good, it was troubling in at ...
The primary goal of Federal Reserve monetary policy is to foster maximum long-term growth in the U.S...
The United States all but abandoned its foreign-exchange-market intervention operations in late 1995...
This paper aims at investigating first the (possibly time-varying) empirical relationship between t...
T he year 2003 was a watershed in Federal Reserve history. In his semi-annual testimony to Congress ...
This study disentangles policy parameters from those describing private sector behavior by simultane...
In this article we propose to review some aspects of the relationship between price stability and f...
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