Speech by Gary Stern, Minneapolis Fed Bank, 25 Apr

- Central Banking staff
- 03 Oct 2002

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SPEECH - In the speech titled 'The (Uncertain) Resilience of the U.S. Economy' Stern said that two of the Minneapolis Fed's economists reviewed a variety of inflation forecasting models and found that Phillips curve type NAIRU models did no better at forecasting inflation than a simple model that which assumed that next year's inflation rate would equal last year's.

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Speech by Gary H. Stern, President, Federal

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