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Forward-Looking Policy in a Real-Time World

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  • Mary C. Daly

Abstract

Remarks delivered at Griswold Center for Economic Policy Studies, Princeton University, Princeton, New Jersey, March 4, 2023, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.

Suggested Citation

  • Mary C. Daly, 2023. "Forward-Looking Policy in a Real-Time World," Speech 95746, Federal Reserve Bank of San Francisco.
    • Handle: RePEc:fip:fedfsp:95746
    Note: Speech to Griswold Center for Economic Policy Studies, Princeton University, Princeton, New Jersey, March 4, 2023, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
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    File URL: https://www.frbsf.org/wp-content/uploads/Forward-Looking-Policy-in-Real-Time-World-Princeton-Economic-Policy-Symposium_4Mar23_Finalv2.pdf
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    File URL: https://www.frbsf.org/our-district/events/mary-c-daly-griswold-center-2023-spring-symposium/
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    References listed on IDEAS

    as
    1. William Dudley, 2013. "Lessons at the zero bound: the Japanese and U.S. experience," Speech 105, Federal Reserve Bank of New York.
    2. Armantier, Olivier & Sbordone, Argia & Topa, Giorgio & van der Klaauw, Wilbert & Williams, John C., 2022. "A new approach to assess inflation expectations anchoring using strategic surveys," Journal of Monetary Economics, Elsevier, vol. 129(S), pages 82-101.
    3. repec:fip:fednsp:y:2013:i:may21 is not listed on IDEAS
    4. Lansing, Kevin J., 2021. "Endogenous forecast switching near the zero lower bound," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 153-169.
    5. Mary C. Daly, 2021. "Climate Risk and the Fed: Preparing for an Uncertain Certainty," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2021(17), pages 1-08, June.
    6. Andreas Hornstein & Marianna Kudlyak, 2019. "Aggregate Labor Force Participation and Unemployment and Demographic Trends," Working Paper Series 2019-7, Federal Reserve Bank of San Francisco.
    7. Thomas M. Mertens & John C. Williams, 2019. "Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 427-432, May.
    8. Òscar Jordà & Chitra Marti & Fernanda Nechio & Eric Tallman, 2019. "Why Is Inflation Low Globally?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    9. Jason Choi & Taeyoung Doh & Andrew Foerster & Zinnia Martinez, 2022. "Monetary Policy Stance Is Tighter than Federal Funds Rate," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(30), pages 1-5, November.
    10. Jonathon Hazell & Juan Herreño & Emi Nakamura & Jón Steinsson, 2022. "The Slope of the Phillips Curve: Evidence from U.S. States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(3), pages 1299-1344.
    11. Robert Amano & Thomas Carter & Sylvain Leduc, 2020. "Is the Risk of the Lower Bound Reducing Inflation?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(05), pages 1-05, February.
    12. Charles I. Jones, 2022. "The End of Economic Growth? Unintended Consequences of a Declining Population," American Economic Review, American Economic Association, vol. 112(11), pages 3489-3527, November.
    13. Adam Hale Shapiro, 2022. "How Much Do Supply and Demand Drive Inflation?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(15), pages 1-06, June.
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    Cited by:

    1. Mary C. Daly, 2023. "What the Moment Demands," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(30), pages 1-6, November.

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    Keywords

    inflation; Federal Open Market Committee (FOMC); monetary policy; central banking; Federal Reserve; covid19;
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