This paper introduces methods that allow analysts to (i) decompose the estimates of unobserved quantities into observed data, (ii) to better understand revision properties of the model, and (iii) to impose subjective prior constraints on path estimates of unobserved shocks in structural economic...

Economists have not been altogether successful in their efforts to forecast “core” inflation—an inflation measure that typically excludes volatile food and energy prices. One possible explanation is that the models used to make these forecasts fail to distinguish the forces influencing...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center's Central Banking Series: Recovery 2013 — Strength or Stagnation?, Milan, Italy, May 16, 2013 ; Note: President Plosser presented similar remarks on May...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. ; Global Interdependence Center's Fifth Annual Rocky Mountain Economic Summit, Jackson Hole, WY

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia to the Greater Johnstown Cambria County Chamber of Commerce, Johnstown, PA ; President Charles I. Plosser provides his economic outlook and views on monetary policy. He discusses the...

European Union adapted the policy of reducing its carbon footprint and embarked on the journey to shift to renewable energy sources in the early 1990s. The whole process started with implementations of binding rules that set up indicative targets for the EU Member States. However, this process...

This paper surveys recent developments in the evaluation of point and density forecasts in the context of forecasts made by Vector Autoregressions. Specific emphasis is placed on highlighting those parts of the existing literature that are applicable to direct multi-step forecasts and those...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, SNS (Center for Business and Policy Studies) and SIFR (The Institute for Financial Research), Stockholm, Sweden

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center's Central Banking Series: Recovery 2013 — Strength or Stagnation?, Milan, Italy, May 16, 2013 ; Note: President Plosser presented similar remarks on May...

The Economic Outlook and Long-Term Growth> New Jersey Economic Leadership Forum, New Jersey Bankers Association, January 11, 2013, Somerset, New Jersey