Lessons for central bankers from a Phillips curve framework

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Lessons for central bankers from a Phillips curve framework

Author Info

Donald L. Kohn

Abstract

The author's comments focus on how the lessons from recent research on the Phillips curve are helping him think about the influence of fluctuations in the prices of commodities, such as oil, on the outlook for inflation and the appropriate policy responses to such developments.

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Publisher Info
Article provided by Federal Reserve Bank of Boston in its journal Conference Series ; [Proceedings].

Volume (Year): (2008)
Issue (Month): ()
Pages:
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Handle: RePEc:fip:fedbcp:y:2008:n:53:x:12

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References listed on IDEAS
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Hooker, Mark A, 2002. "Are Oil Shocks Inflationary? Asymmetric and Nonlinear Specifications versus Changes in Regime," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(2), pages 540-61, May.
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- Rudd, Jeremy & Whelan, Karl, 2005. "Modelling Inflation Dynamics: A Critical Review of Recent Research," Research Technical Papers 7/RT/05, Central Bank & Financial Services Authority of Ireland (CBFSAI). [Downloadable!]
- Jeremy Rudd & Karl Whelan, 2005. "Modelling inflation dynamics: a critical review of recent research," Finance and Economics Discussion Series 2005-66, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]

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