Which comes first: inflation or the FOMC's funds rate target?
Must the FOMC increase its target before inflation, or will inflation increase and cause the FOMC to increase its target?
Volume (Year): (2010)
Issue (Month): ()
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- Daniel L. Thornton, 2007. "The lower and upper bounds of the Federal Open Market Committee's long-run inflation objective," Review, Federal Reserve Bank of St. Louis, issue May, pages 183-194.
- James Bullard, 2010.
"Seven faces of "the peril","
Federal Reserve Bank of St. Louis, issue Sep, pages 339-352.
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