Economic outlook and monetary policy

By Charles I. Plosser. 2010

134 citations recorded by the source corpus.

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Citations in the corpus

The Signaling Channel for Federal Reserve Bond Purchases (2013, unknown): “For example, Chairman Ben Bernanke (2010) described the effects of the Fed’s bond purchases in this way: I see the evidence as most favorable to the view that such purchases work primarily through the so-called portfolio balance channel, which holds that once short-term interest rates have reached z”
A Phillips Curve with Anchored Expectations and Short-Term Unemployment (2015, background): “Bernanke, 2010) and the IMF (2013), among others, is that inflation expectations have become anchored. According to this story, the Fed’s commitment to a 2% inflation target has kept expected inflation near 2%, which in turn has prevented actual inflation from falling very far below that level. The ”
The psychology of job loss: using social media data to characterize and predict unemployment (2016, background): “monetary policy is to treat it as a strict output gap or unemployment versus inflation trade-off [41], commonly called the Taylor rule, specified in Equations 5 and 6:”
On the International Spillovers of US Quantitative Easing (2018, unknown): “…work primarily through a portfolio balance channel, which holds that, once short-term interest rates have reached zero, the Federal Reserve’s purchases of longer-term securities affect financial conditions by changing the quantity and mix of financial assets held by the public (see Bernanke, 2010).”
The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment (2016, unknown): “1 Bernanke (2004), argues that ‘‘an essential prerequisite for controlling inflation is controlling inflation expectations.’’”
An Overview of the Survey of Consumer Expectations (2016, background): “More generally, consumers’ expectations about a number of personal and 1 In particular, Bernanke (2004) argued that “an essential prerequisite to controlling inflation is to control inflation expectations.””
The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments? (2012, background): “First, by furnishing unlimited liquidity provisions to banks the ECB substituted itself for the interbank market and might have caused a “crowding out” effect as also shown in Brunetti et al. (2011). As there is unlimited liquidity available at the central bank there is no need to borrow it from the”
Inflation Dynamics and the Great Recession (2011, unknown): “A growing number of economists, including Mishkin (2007), Bernanke (2010), and Kohn (2010), argue that this assumption, while once acceptable, has become untenable.”
The Euro’s Three Crises (2012, background): “See Bernanke (2010) and Kohn (2010) for arguments as to why raising the inflation target may be problematic. son for a higher inflation target in a currency union that lacks other shock absorbers to offset asymmetric shocks.”