An inflation goal with multiple reference measures
Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, 2005 - Business & Economics - 33 pages
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accormtability accountability structure Adam Copeland altemative analysis Andrew Cohen announcing Aoki April Athanasios Orphanides August Bank of England Bank of St Bemanke Brian Sack Business Cycle central bank consumer prices core CPI core inﬂation core PCE Covitz CPI inﬂation CPIx December deviation Economics Discussion Series escape clauses February Federal Reserve Bank ﬁamework Finance and Economics ﬁxed ﬂexible Gurkaynak headline Inﬂation Forecast inﬂation goal inﬂation indicators inﬂation measures inﬂation miss inﬂation range inﬂation reports Inﬂation Targeting Interest Rates Joumal July Kevin Moore Liquidity Trap Macroeconomic Mankiw and Reis measure of inﬂation measurement error measurement uncertainty monetary aggregates Monetary Policy Mortgage Multiple Reference Measures November October Optimal Inﬂation optimal price index p-value percentage points point-goal price measure price sector quarterly range breaches rationale reﬂect September 2005 shocks special factors speciﬁcations stability Stevens sticky price sticky-price Takeshi Kimura targeting framework total and core variance volatility weight welfare William Whitesell