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Commodity Prices and Inflation Expectations in the United States

Author/Editor: Oya Celasun, Roxana Mihet, Lev Ratnovski.

Release Date: March, 2012

Price: $18.00

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well-anchored, including in response to commodity price shocks. We find that oil price more...



United States : 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Release Date: August, 2007

Price: $18.00

This 2007 Article IV Consultation highlights that following an extended boom led by strong domestic demand, the slowdown in the United States has largely reflected a drag from residential investment more...



Monetary Magic? How the Fed Improved the Flexibility of the U.S. Economy

Author/Editor: Silvia Sgherri, Tamim Bayoumi.

Release Date: February, 2004

Price: $15.00

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts for sluggish expectations adjustment to nominal disturbances. Estimating a more...