Economist Insights

Economist Insights

mars 2015

  1. Gone dotty

    Article de blog | Tags: Joshua McCallum

    The Fed became much more dovish at its recent meeting, lowering its prediction for the Fed Funds rate at the end of the year. Yet the Fed is still predicting that 'excess' unemployment will fall further, which should make it more hawkish. Is this divergence because of concerns that the unemployment gap is actually larger than it looks, or concerns about lags in the relationship between the unemployment gap and inflation? Or is it a policy error?

Au sujet des auteurs

Joshua McCallum et Gianluca Moretti sont les rédacteurs d’Economic Insights. Joshua est depuis 2005 Senior Economist auprès de Global Asset Management dans le segment revenu fixe. Il était auparavant macro-économiste au sein du Ministère britannique des finances. Gianluca a intégré Global Asset Management en 2010 et travaillait auparavant pour la Banque centrale italienne.