Monetary Policy and Macroeconomic Research by David Andolfatto
David Andolfatto: French debt ratio does not prove more austerity was needed
David Andolfatto questions the notion that France's current debt ratio demonstrates a need for greater austerity measures in Europe during the 2010s. He states that the counterfactual is not ...
PCE inflation rate reaches 3.4% for Aug 2026, David Andolfatto notes
David Andolfatto shares new figures on PCE inflation, stating that the year-over-year rate for August 2026 stands at 3.4%. Additionally, he notes that the monthly PCE inflation rate, annualized, ...
David Andolfatto: CPI inflation rate at 3.4% year-over-year in Aug 2026
David Andolfatto highlights recent consumer price index trends, reporting a 3.4% year-over-year inflation rate for August 2026. The month-over-month figure, annualized, reached 4.9%. These ...
Taylor rule may not remain optimal if government acts unpredictably, David Andolfatto notes
David Andolfatto discusses the Taylor rule, describing how it generally characterizes Federal Reserve policy and can be considered optimal when the government operates sensibly. He raises the ...
David Andolfatto: PCE inflation rate reached 4.7 percent year-over-year in July 2026
David Andolfatto reports that the PCE inflation rate for July 2026 was 4.7 percent year-over-year. The month-over-month rate, annualized, came in at 1.9 percent. These figures provide a snapshot ...
Fed policy options may narrow due to fiscal forces, David Andolfatto notes
David Andolfatto discusses the impact of fiscal forces on Federal Reserve policy decisions. He highlights that as Warsh takes a leadership role at the Fed, fiscal constraints could play a larger ...
David Andolfatto: Interest rate policy faces limits in curbing U.S. inflation
David Andolfatto announces new research on the effectiveness of interest rate policy in addressing U.S. inflation during the COVID-19 period. The study, co-authored with Fernando Martin of the ...
U.S. PCE inflation rises 3.5% year-over-year, David Andolfatto notes
David Andolfatto, industry influencer, reports that U.S. Personal Consumption Expenditures (PCE) inflation is currently 3.5% year-over-year, with an 8.3% month-over-month rate on an annualized ...
@Afinetheorem: Program evaluation requires identifying investments and costs first
@Afinetheorem, industry influencer, questioned how any program can be evaluated without first identifying the related investments and their costs. The statement underlines the importance of ...
