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Click on these links to read recently published articles that focus on the fast-changing world of Money and Banking.
Survey of Professional Forecasters: First Quarter 2006
After a slow fourth quarter of 2005, economists and policymakers have been wondering how the economy will fare in 2006. Not to worry, say the panelists in the Survey of Professional Forecasters. The economy is about to rebound sharply, with growth in the first quarter of 2006 jumping to 4.4% from the fourth quarter of 2005’s lowly 1.1%.
From The Federal Reserve Bank of Philadelphia, February 13, 2006
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Shifting Data: A Challenge for Monetary Policymakers
Policymakers, including those at the Federal Reserve, face many challenges. One of the most difficult challenges is how to deal with uncertainty about the data. For example, former Chairman Greenspan’s favorite inflation measure is the personal consumption expenditures price index excluding food and energy prices. But that index may be revised significantly, along with other data.
By Judith Goff, The Economic Letter, December 9, 2005
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The Chinese Renminbi: What’s Real, What’s Not
The United States had a huge bilateral trade deficit with China in 2005, which has many politicians concerned. China appears to be pegging its currency to the U.S. dollar at an artificially low level. Can China continue to do so without its price level rising?
By Patrick Higgins and Owen F. Humpage, Federal Reserve Bank of Cleveland, August, 2005
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The Greenspan Era: Lessons for the Future
Alan Greenspan chaired the Federal Reserve for over 18 years. The Federal Reserve Bank of Kansas City sponsored a symposium in 2005 to discuss his many accomplishments.
By George Kahn, Federal Reserve Bank of Kansas City, 2005
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