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Authorized for public release by the FOMC Secretariat on 04/29/2016 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Division of Monetary Affairs FOMC SECRETARIAT Date: December 8, 2009 To: Federal Open Market Committee From: Matthew M. Luecke Subject: Presentations for December Special Topic Discussion Attached are the text and charts for the three staff presentations on inflation dynamics that are planned for the second day of the upcoming FOMC meeting. Attached Presentations 1. “Inflation Persistence, Output Gaps and Monetary Policy,” by Michael Dotsey (text and charts). 2. “The Global Slack Hypothesis,” by Mark A. Wynne (text and charts). 3. “The Role of Expectations and Output in the Inflation Process,” by Jeff Fuhrer (text and charts). 1 of 1
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