Economic Quarterly, Volume 92Research Department of the Federal Reserve Bank of Richmond, 2006 - Economics |
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Page 228
( MSE ) of short - term inflation forecasts , so that uncertainty about short - term inflation forecasts rises when the variance ( in particular , the MSE ) of ex - post short - term inflation forecast errors increases . Given these two ...
( MSE ) of short - term inflation forecasts , so that uncertainty about short - term inflation forecasts rises when the variance ( in particular , the MSE ) of ex - post short - term inflation forecast errors increases . Given these two ...
Page 233
uncertainty declined because inflation both trended down and became more predictable . 13 Current Low Short - Term Inflation Uncertainty and Anchoring of Long - Term Inflation Expectations Figure 4 highlights another key feature of the ...
uncertainty declined because inflation both trended down and became more predictable . 13 Current Low Short - Term Inflation Uncertainty and Anchoring of Long - Term Inflation Expectations Figure 4 highlights another key feature of the ...
Page 243
uncertainty and variances of both GDP and long - term CPI inflation forecasts remained fairly high , meaning ... short - term inflation uncertainty has declined , although modestly , and this modest decline in short - term inflation ...
uncertainty and variances of both GDP and long - term CPI inflation forecasts remained fairly high , meaning ... short - term inflation uncertainty has declined , although modestly , and this modest decline in short - term inflation ...
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allocation assets average Bank of Richmond bankruptcy behavior bond equation bond prices borrowing branching Buenos Aires CALIFORNIA/SANTA CRUZ CAMELS-downgrade model capital income tax coins competition constraint consumer consumption cost countries credit card credit markets credit unions CRUZ The University debt default premiums deposits distribution downgrade employee equilibrium estimated exclusion expected inflation Federal Reserve Bank Federal Reserve System Figure Fisher equation FOMC forward contracts full-commitment funds rate future households imply increase inflation expectations inflation risk premium interest rates Journal jumbo CD Kydland labor productivity Lagrange multiplier lenders lending loans long bond rate long-term inflation macroeconomic marginal utility measure monetary policy nominal number of banks optimal policy output per worker P₁ Pareto distribution percent policy rule policymaker problem relative productivity restrictions Richmond Economic Quarterly risk premiums sample period short-term inflation uncertainty surveillance tax rates trend University Library UNIVERSITY UNIVERSITY OF CALIFORNIA/SANTA variables yield yield curve Zipf's Law