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Hace 1 día · In contrast, the lowest volatility state spanned Alan Greenspan’s term. Lanne et al. ( 2010 ) and Lütkepohl and Woźniak ( 2020 ) obtained a similar interpretation of MS heteroskedastic states and used it to identify a monetary policy shock in a structural dynamic model.
Hace 2 días · As former Fed Chair Alan Greenspan put it: "Price stability is that state in which expected changes in the general price level do not effectively alter business or household decisions."
Hace 3 días · Alan Greenspan testified in October 1993 that there was "an awareness that independence of the central bank is an element in keeping inflation down." Ben Bernanke remarked in May 2010: "It is important that we maintain and protect...the ability of central banks to make monetary policy decisions based on what is good for the economy in the longer run, independent of short-term political ...
Hace 3 días · 1 Alan Greenspan, Risk and Uncertainty in Monetary Policy, remarks at the Meetings of the American Economic Association, San Diego, California, January 3, 2004.. 2 Federal Reserve Bank of New York, Global Supply Chain Pressure Index.. 3 As measured by 12-month change in the Personal Consumption Expenditures Price Index.. 4 John C. Williams, Connecting Theory and Practice, remarks at Hoover ...
Hace 5 días · Reinstating the draft is a bad idea. It would strip away young people’s freedom to choose their occupations. It would impose costs on young people that would exceed any cost savings from the lower pay that would result. It would make for a less effective military. The economists’ moment.
Hace 21 horas · 2024 July Monthly Economic Review. The insightful lyrics of Tom Petty’s 1981 hit song “The Waiting” focus on how waiting can be difficult and uncertain. That’s why I quoted them in the November 2017 Monthly Economic Review, when the economy was growing at 3% year over year, unemployment was at its lowest level in 17 years, and we were ...
Hace 4 días · Suscitée par Alan Greenspan, alors président de la Fed, une vive controverse sur les prix aux États-Unis émerge au milieu des années 1990. L’inflation serait-elle surestimée ?
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