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36 Results

Implications of Uncertainty about Long-Run Inflation and the Price Level

Staff Working Paper 2001-16 Gerald Stuber
This paper surveys recent developments in the theoretical and empirical literature on the economic implications of uncertainty about the longer-term outlook for inflation. In particular, the linkages between inflation, long-run inflation uncertainty, and aggregate economic activity in industrial economies have become considerably better understood during the past decade.
Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits JEL Code(s): E, E2, E22, E3, E31, E4, E44

Modelling the Behaviour of U.S. Inventories: A Cointegration-Euler Approach

Staff Working Paper 1997-19 Iris Claus
Cyclical contractions are often referred to as inventory cycles, in part because movements in inventories can amplify cyclical fluctuations in output. An unanticipated slowing in demand generally leads to an unintended buildup of inventories: only with a lag do firms adjust production and their actual holding of inventories relative to the desired level.
Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): E, E2, E22
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