We examine the causes and consequences of inflation and the monetary policy levers available to central bankers. Recent papers have looked at the structural relationship between inflation and real economic activity, rules-based approaches to monetary policy, and the importance of credibility to maintaining price stability.
To learn why monetary policymakers place so much importance on maintaining stable prices, read the Richmond Fed's essay on price stability and monetary policy in the "Our Perspective" series.
Read our Summer 2003 article on Japan's efforts to combat deflation.
|2006||Inflation and Unemployment: A Layperson's Guide to the Phillips Curve||Jeffrey M. Lacker
John A. Weinberg
|2003||Sustaining Price Stability||J. Alfred Broaddus, Jr.
|2000||What Assets Should the Federal Reserve Buy?||J. Alfred Broaddus, Jr.
|1999||The Role of a Regional Bank in a System of Central Banks||Marvin Goodfriend|
|1996||Monetary Policy Comes of Age: A 20th Century Odyssey||Marvin Goodfriend|
|1995||Foreign Exchange Operations and the Federal Reserve||J. Alfred Broaddus, Jr.