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econbrowser.com | ||
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www.frbsf.org
How much persistent versus transitory forces contribute to inflation influences the Federal Reserve's ability to achieve its goal of 2% average inflation over time. If elevated inflation is driven mainly by persistent shocks, then a stronger and longer-lasting policy response is likely to be needed to bring inflation back down. Recent data show that consecutive changes in monthly inflation rates have tended to move increasingly in the same direction. This pattern suggests that the contribution of persistent shocks to inflation has been rising since mid-2019. |
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libertystreeteconomics.newyorkfed.org
The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series covers the ev... |
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ifs.org.uk
In response to deteriorating global economic conditions, Rachel Reeves chose to fine-tune her spending plans to continue to meet her fiscal rules. |
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politicsandprosperity.com
The didactic style of this post reflects its original purpose, which was to give my grandchildren some insights into American history that aren't found in standard textbooks. Readers who consider themselves already well-versed in the history of American politics should nevertheless scan this post for its occasionally provocative observations. Theodore Roosevelt Jr.(1858-1919) was elected Vice... |
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