Federal Finances and Inflation
نویسندگان
چکیده
منابع مشابه
Federal Finances and Inflation
Murray Weidenbaum suggests steps that the government can do in order to slow down inflation.
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We confront a variety of medium-scale regime-switching DSGE models against U.S. macroeconomic time series data. Our goal is to employ a uni ed Bayesian framework for these models to test empirical evidence of regime changes in the Federal Reserve's in ation target in the post-war period when heteroscedastic shock disturbances are properly taken into account.
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This paper characterizes Federal Reserve policy since 1980 as one that actively manages short-term nominal interest rates in order to control inflation and evaluates this policy using a dynamic, stochastic, sticky-price model of the United States economy. The results show that the Fed’s policy insulates aggregate output from the effects of exogenous demand-side disturbances and, by calling for ...
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Inflation targeting has become one of the most significant developments of recent decades in both the theory and the practice of monetary policy. A rapidly expanding literature has analysed the a priori properties of various ‘inflation targeting’ strategies, and an increasing number of central banks around the world – the Bank of Canada, the Bank of England, the Swedish Riksbank, and numerous o...
متن کاملAssociation Finances and Membership.
CONDENSED statements of Association finances for the year 1952, prepared by the auditing firm of G. P. Graham & Company, are published herewith, in order that the entire membership may be fully informed regarding the financial operations, obligations, and resources of the AAAS. The first two statements summarize operating receipts and expenditures. Once again the annuity payments to the Cattell...
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ژورنال
عنوان ژورنال: Proceedings of the Academy of Political Science
سال: 1975
ISSN: 0065-0684
DOI: 10.2307/1173636