Fernando M. Martin on Muck Rack

Fernando M. Martin

Spain
As seen in: Apple Podcasts, Illumination, Medium, El País, MSN España, Nature, Diario de Valladolid, Taylor & Francis Online, Antena 3, La Razón and
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Articles

The Dual Mandate in Conflict: Balancing Current Tensions between Inflation and Employment

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By Fernando M. Martin, Fernando Martín
| Federal Reserve Bank of St. Louis
The two goals of the Federal Reserve’s dual mandate—maximum employment and stable prices—currently appear to be in conflict. The unemployment rate has been slowly, but steadily, increasing for the past two years. In January 2026, the unemployment rate reached 4.3%, higher than its April 2023 low of 3.4% though still below the historical average.
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Industrial Policy Since the Great Financial Crisis

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By Simon J Evenett, Jaden Kim, Fernando M. Martin, Fernando Martín
| imf.org
Our eLibrary offers over 25,000 IMF publications in multiple formats. Explore Latest economic research and insights delivered to your inbox each month. Subscribe Industrial Policy Since the Great Financial Crisis Download PDF More Formats on IMF eLibrary Order a Print Copy ProCite RefWorks Reference Manager BibTex Zotero Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
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Is the U.S. in an Above-Target Inflation Regime?

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By Fernando M. Martin, Fernando Martín
| Federal Reserve Bank of St. Louis
Since January 2012, the Federal Reserve has adopted an explicit target of 2% inflation, measured as the 12-month change in the personal consumption expenditures (PCE) price index. And yet, after several years of below-target inflation prior to the COVID-19 pandemic, inflation rose above 2% annually in March 2021 and has persisted above 2% ever since. According to the latest data available (August 2025), inflation remains significantly above target, at 2.7%.
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