 | The Case for a Long-Run Inflation Target of Four Percent Author/Editor: Laurence M. Ball. Release Date:June, 2014 Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on more...
| Price: $18.00
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| Do Forecasters Believe in Okun's Law? An Assessment of Unemployment and Output Forecasts Author/Editor: Laurence M. Ball, João Tovar Jalles, Prakash Loungani. Release Date:February, 2014 This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okun’s Law, forecasts of real GDP growth and the change in unemployment are more...
| Price: $18.00
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| Unemployment in Latin America and the Caribbean Author/Editor: Laurence M. Ball, Nicolas de Roux Uribe, Marc Hofstetter. Release Date:November, 2011 JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that more...
| Price: $18.00
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| Inflation Dynamics and the Great Recession Author/Editor: Sandeep Mazumder, Laurence M. Ball. Release Date:June, 2011 This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to more...
| Price: $18.00
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