Frederic Mishkin: Inflation Dynamics

If you are interested in inflation dynamics and recent research suggesting that inflation dynamics have changed, this speech by Federal Reserve governor Frederic Mishkin looks at three important questions:

1. What is the available evidence on changes in inflation persistence in recent years?
2. What is the available evidence on changes in the slope of the Phillips curve?
3. What role do other variables play in the inflation process?...more>>