Recently added articles from Economic Quarterly - Federal Reserve Bank of Richmond:
Short-Term Headline-Core Inflation Dynamics
Jul 01, 2009; ... (ProQuest: ... denotes formulae omitted.) Many analysts contend that the Federal Reserve under ChairmenAlan Greenspan and Ben Bernanke has conducted monetary policy that focuses on core rather than headline inflation. The measure of core inflation used excludes food and energy prices.1 ...
CEO Compensation: Trends, Market Changes, and Regulation
Jul 01, 2008; ... (ProQuest: ... denotes formulae omitted.) Compensation figures for the top managers of large firms are on the news frequently. Newspapers report the salaries, the bonuses, and the profits from selling stock options of the highest paid executives, often under headlines suggesting ...
Nominal Frictions, Relative Price Adjustment, and the Limits to Monetary Policy
Jul 01, 2008; ... (ProQuest: ... denotes formulae omitted.) There are two broad classes of sticky-price models that have become popular in recent years. In the first class, prices adjust infrequently by assumption (so-called time-dependent models) and in the second class prices adjust infrequently because ...
Understanding Monetary Policy Implementation
Jul 01, 2008; ... (ProQuest: ... denotes formulae omitted.) Over the last two decades, central banks around theworld have adopted a common approach to monetary policy that involves targeting the value of a short-term interest rate. In the United States, for example, the Federal Open Market Committee ...
New Keynesian Economics: A Monetary Perspective
Jul 01, 2008; ... (ProQuest: ... denotes formulae omitted.) Since John Maynard Keynes wrote the General Theory of Employment, Interest, and Money in 1936, Keynesian economics has been highly influential among academics and policymakers. Keynes has certainly had his detractors, though, with the most ...