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Ináation expectations have recently received increased interest because of the uncertainty created by the Federal Reserveís unprecedented reaction to the Great Recession.The effect of this reaction on...
We sketch a framework for monitoring macroeconomic activity in real-time andpush it in new directions. In particular, we focus not only on real activity, which has received most attention to date, but...
On the Relation Between the Variability of Inflation and the Average Inflation Rate.
Comments on ‘Relative Shocks, Relative Price Variability and Inflation’ by Stanley Fisher.
Comments onLabor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball.
The Inflation-Output Variability Tradeoff Revisited.
Comments on Athanasios Orphanides' The Quest for Prosperity without Inflation.
Recently there has been a signi"cant decline in the degree to which "rms &pass through' changes in costs to prices, a decline that is frequently characterized as a reduction in the &pricing power' o...
The effects of three different inflationary environments—high inflation, low inflation, and negative inflationon real output stability are examined by looking at the experiences of Japan and the U...
Lessons Learned from the Implementation of Inflation Targeting.
This paper documents the evolution of long-run inflation expectations and models the stance of monetary policy from 1965 to 1980. A host of survey-based measures and financial market data indicate t...
For comments and suggestions, we thank Olivier Blanchard, Markus Brunnermeier, John Campbell, Martin Feldstein, and participants at the NBER Asset Pricing and Monetary Policy Pre-Conference in Novem...
STATE-DEPENDENT OR TIME-DEPENDENT PRICING: DOES IT MATTER FOR RECENT U.S. INFLATION.
Reset Price Inflation and the Impact of Monetary Policy Shocks.
Do the macroeconomic priorities of citizens differ across countries? If so, what accounts for this variation and what are its consequences for explanations of the choice of monetary institutions, macr...

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