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2 posts on "Missing Disinflation"
August 13, 2014

Why Didn’t Inflation Collapse in the Great Recession?

Marco Del Negro, Marc Giannoni, Raiden B. Hasegawa, and Frank Schorfheide

GDP contracted 4 percent from 2008:Q2 to 2009:Q2, and the unemployment rate peaked at 10 percent in October 2010.

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Posted at 7:00 am in DSGE, Fiscal Policy, Macroeconomics, Monetary Policy, Recession, Unemployment | Permalink | Comments (4)
August 11, 2014

Inflation in the Great Recession and New Keynesian Models

Marco Del Negro, Marc Giannoni, Raiden Hasegawa, and Frank Schorfheide

Since the financial crisis of 2007-08 and the Great Recession, many commentators have been baffled by the “missing deflation” in the face of a large and persistent amount of slack in the economy.

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Posted at 7:00 am in DSGE, Financial Markets, Macroeconomics, Monetary Policy, Unemployment | Permalink | Comments (1)

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