Comments on “Managing Disinflations” by Stephen G. Cecchetti, Michael E. Feroli, Peter Hooper, Frederic S. Mishkin, and Kermit L. Schoenholtz with Matthew Luzzetti and Justin Weidner
Loretta Mester
Speech from Federal Reserve Bank of Cleveland
Abstract:
In the time I have, I will comment on three aspects of the paper: the empirical estimation of the Phillips curve, the role of inflation expectations, and the lessons for policymakers operating in an uncertain environment. The views I present will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee.
Keywords: Monetary policy; disinflation (search for similar items in EconPapers)
Pages: 23
Date: 2023-02-24
New Economics Papers: this item is included in nep-des
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