References contributed by pne58-3070
- Ahmed, Shaghil, Andrew Levin, and Beth Anne Wilson (2002). Recent U.S. Macroeconomic Stability: Good Policies, Good Practices, or Good Luck? International Finance Discussion Paper No. 730, Federal Reserve Board.
Paper not yet in RePEc: Add citation now
Alcalá, Francisco, and Israel Sancho (2004). Output Composition and the U.S. Output Volatility Decline. Economics Letters. Vol. 82, 115–120.
Amato, Jeffrey D., and Hyun Song Shin (2003). Public and Private Information in Monetary Policy Models. BIS Working Paper No. 138.
Ball, Laurence (1995). Disinflation and Imperfect Credibility, Journal of Monetary Economics. Vol. 35, 5–24.
Ball, Laurence (2000). Near-Rationality and Inflation in Two Monetary Regimes. NBER Working Paper No.7988.
Bayoumi, Tamim, and Silvia Sgherri (2004). Monetary Magic? How the Fed Improved the Flexibility of the Economy IMF Working Paper No. 04/24.
Blanchard, Olivier, and Charles M. Kahn (1980). The Solution of Linear Difference Models Under Rational Expectations. Econometrica. Vol. 48, 1305-1313.
Blanchard, Olivier, and John Simon (2001). The Long and Large Decline in U.S. Output Volatility, Brookings Papers on Economic Activity, Vol 32, 135-164.
- Blinder, Alan (1997). What Central Bankers Can Learn from Academics and Vice-Versa. Journal of Economic Perspectives. Vol. 11, 3–19.
Paper not yet in RePEc: Add citation now
Boivin, Jean, and Marc Giannoni (2002). Assessing Changes in the Monetary Transmission Mechanism: A VAR Approach, Federal Reserve Bank of New York Economic Policy Review, Vol. 8, 97–111.
Boldrin, Michele, Lawrence J. Christiano, and Jonas D.M. Fisher (2001). Habit Persistence, Asset Returns, and the Business Cycle, American Economic Review. Vol. 91, 149-166.
- Brainard, William C. (1967). Uncertainty and the Effectiveness of Policy, American Economic Review (Papers and Proceedings) Vol. 57, 411-425.
Paper not yet in RePEc: Add citation now
- Buiter, Willem, and Ian Jewitt (1989). Staggered Wage Setting and Relative Wage Rigidities: Variations on a Theme of Taylor, Macroeconomic Theory and Stabilization Policy, ed. by W. Buiter, Ann Arbor: University of Michigan Press), 183-199.
Paper not yet in RePEc: Add citation now
Calvo, Guillermo A. (1983). Staggered Prices in a Utility Maximizing Framework, Journal of Monetary Economics. Vol. 12, 383-398.
- Cecchetti, Stephen, A. Flores-Lagunes, and S. Krause (2003). Has Monetary Policy Become More Efficient? A Cross-Country Analysis. Unpublished paper, Ohio State University.
Paper not yet in RePEc: Add citation now
Christiano, Lawrence J., and Cristopher Gust (2000). The Expectations Trap Hypothesis. Federal Reserve Bank of Chicago Economic Perspectives. Vol. 24, 21-39.
Clarida, Richard, Jordi GalÃ, and Mark Gertler (1998). Monetary Policy Rules In Practice: Some International Evidence. European Economic Review 42, 1033-1067.
Clarida, Richard, Jordi GalÃ, and Mark Gertler (1999). The Science of Monetary Policy: A New Keynesian Perspective. Journal of Economic Literature, 37, 1661-1707.
Clarida, Richard, Jordi GalÃ, and Mark Gertler (2000). Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory. Quarterly Journal of Economics. Vol. 115, 147-180.
- Cogley, Timothy, and Thomas J. Sargent (2001). Evolving Post-World War II U.S. Inflation Dynamics. NBER Macroeconomics Annual. Vol. 16, 331-373.
Paper not yet in RePEc: Add citation now
Corbo, Vittorio, Oscar Landerretche, and Klaus Schmidt-Hebbel (2001). Assessing Inflation Targeting After a Decade of World Experience. International Journal of Finance and Economics. Vol. 6, 343-368.
- Diebold. Francis, Anthony S. Tay, and Kenneth Wallis (1999). Evaluating Density Forecasts of Inflation: The Survey of Professional Forecasters. In Cointegration, Causality, and Forecasting: A Festschrift in Honour of Clive W.J. Granger, ed. by Robert F. Engle and Halbert White. Oxford University Press.
Paper not yet in RePEc: Add citation now
Erceg, Christopher J., and Andrew T. Levin (2003). Imperfect Credibility and Inflation Persistence, Journal of Monetary Economics. Vol. 50, 915-944.
Evans, Martin, and Paul Wachtel (1993). Inflation Regimes and the Sources of Inflation Uncertainty. Journal of Money, Credit and Banking. Vol. 25, 475–511.
- Fischer, Stanley (1996, Why Are Central Banks Pursuing Price Stability? In Federal Reserve Bank of Kansas City (ed.), Achieving Price Stability. Federal Reserve Bank of Kansas City.
Paper not yet in RePEc: Add citation now
Friedman, Milton (1977) Nobel Lecture: Inflation and Unemployment. Journal of Political Economy. Vol. 85, 451-472.
Friedman, Milton, and Anna J. Schwartz (1963). A Monetary History of the United States, 1867–1960. Princeton University Press.
Fuhrer, Jeffrey C. (2000). Habit Formation in Consumption and Its Implications for Monetary-Policy Models. American Economic Review. Vol. 90, 367-390.
Fuhrer, Jeffrey C., and George Moore (1995). Inflation Persistence. Quarterly Journal of Economics. Vol. 110, pp. 127-160
Fuhrer, Jeffrey, and Mark Hooker (1993). Learning About Monetary Regime Shifts in an Overlapping Wage Contract Model. Journal of Economic Dynamics and Control, Vol. 17, 531-553.
GalÃ, Jordi, and Mark Gertler (1999). Inflation Dynamics: A Structural Econometric Analysis. Journal of Monetary Economics. Vol. 44, 195–222.
- International Monetary Fund (1999). World Economic Outlook, October 1999, Safeguarding Macroeconomic Stability at Low Inflation, World Economic and Financial Surveys, IMF.
Paper not yet in RePEc: Add citation now
- International Monetary Fund (2001). World Economic Outlook, May, Fiscal Policy and Macroeconomic Stability, World Economic and Financial Surveys (Washington).
Paper not yet in RePEc: Add citation now
- International Monetary Fund (2002). World Economic Outlook, April, Monetary Policy in a Low Inflation Era. IMF.
Paper not yet in RePEc: Add citation now
Ireland, Peter N. (2000). Expectations, Credibility, and Time-Consistent Monetary Policy. Macroeconomic Dynamics. Vol. 4, pp. 448-466.
Isard, Peter, Douglas Laxton, and Ann-Charlotte Eliasson (2001). Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility. Journal of Economic Dynamics and Control. Vol. 21, 115-148.
- Judson, Ruth, and Athanasios Orphanides (1996). Inflation, Volatility, and Growth, Finance and Economics Discussion Series No. 1996-19, Federal Reserve Board.
Paper not yet in RePEc: Add citation now
Kerr, William, and Robert G. King (1996). Limits on Interest Rate Rules in the IS Model, Federal Reserve Bank of Richmond Economic Quarterly. Vol. 82, 47-75.
Khan, Mohsin, and Abdelhak Senhadji (2001). Threshold Effects in the Relationship Between Inflation and Growth, IMF Staff Papers, Vol. 48, 1–21.
Kim, C.J. and C.R. Nelson (1999). Has the U.S. Economy Become More Stable? A Bayesian Approach Based on a Markov-Switching Model of the Business Cycle, Review of Economics and Statistics. Vol. 81, 608-616.
King, Robert G. (2000). The New IS-LM Model: Language, Logic, and Limits, Economic Quarterly. Vol. 86, 45–103.
King, Robert G., and Alexander Wolman (1999, What Should the Monetary Authority Do When Prices Are Sticky? In Monetary policy rules, ed. by John B. Taylor. University of Chicago Press.
Klein, Paul (2000). Using the Generalized Schur Form to Solve a Multivariate Linear Rational Expectations Model, Journal of Economic Dynamics and Control. Vol. 24, 1405-1423.
Levin, Andrew T., Volcker Wieland, and John C. Williams (1999). Robustness of Simple Monetary Policy Rules under Model Uncertainty, in Monetary Policy Rules, ed. by John B. Taylor, University of Chicago Press.
Lucas, Robert E., Jr. (1972). Expectations and the Neutrality of Money, Journal of Economic Theory. Vol. 4, pp. 103-124.
Mankiw, N. Gregory, and Ricardo Reis (2001). Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve, NBER Working Paper No. 8290.
McCallum, Bennett (2001). Should Monetary Policy Respond Strongly to Output Gaps? NBER Working Paper No.8226.
- McCallum, Bennett T., and Edward Nelson (1999). Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model. In John B. Taylor (ed.), Monetary Policy Rules, University of Chicago Press. 1-45.
Paper not yet in RePEc: Add citation now
McConnell, Margaret M., and Gabriel Perez-Quiros (2000). Output Fluctuations in the United States: What has Changed Since the Early 1980’s. American Economic Review. Vol. 90, 1464-1476.
Orphanides, Athanasios (1998). Monetary Policy Evaluation with Noisy Information, Finance and Economics Discussion Series No. 1998-50, Federal Reserve Board.
- Orphanides, Athanasios (2000). Activist Stabilization Policy and Inflation: the Taylor Rule in the 1970s, Finance and Economics Discussion Paper No. 2000-13, Federal Reserve Board.
Paper not yet in RePEc: Add citation now
- Phelps, Edmund S. (1983). The Trouble with ‘Rational Expectations’ and the Problem of Inflation Stabilization, in Individual Forecasting and Aggregate Outcomes, ed. by Robert Frydman and Edmund S. Phelps, Cambridge University Press.
Paper not yet in RePEc: Add citation now
Roberts, John (1998). Inflation Expectations and the Transmission of Monetary Policy, Finance and Economics Discussion Paper No. 98-43, Federal Reserve Board.
Rotemberg, Julio J. (1996). Prices, Output, and Hours: An Empirical Analysis Based on a Sticky Price Model, Journal of Monetary Economics. Vol. 37, 505-533.
Rotemberg, Julio J., and Michael Woodford (1997). An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy, NBER Macroeconomics Annual 12, 297-346.
Rudebusch, Glenn D., and Lars Svensson (1999). Policy Rules for Inflation Targeting. In Monetary Policy Rules, ed. by John B. Taylor, University of Chicago Press.
- Sack, Brian P., and Volcker Wieland (1999, Interest Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence, Finance and Economics Discussion Paper No. 1999-39, Federal Reserve Board.
Paper not yet in RePEc: Add citation now
- Sargent, Thomas J. (1993). The End of Four Great Inflations. In T.J. Sargent (ed.), Rational Inflations and Inflation, second Edition, Harper Collins.
Paper not yet in RePEc: Add citation now
Stock, James H., and Mark W. Watson (2003). Has the Business Cycle Changed? NBER Working Paper No. 9127.
Svensson, Lars E.O. (2000). Open Economy Inflation Targeting, Journal of International Economics. Vol. 50, 155-183.
Taylor, John B. (1981). On the Relation Between the Variability of Inflation and the Average Inflation Rate, Carnegie-Rochester Conference Series on Public Policy. Vol. 15, 57–86.
- Taylor, John B. (1997). Monetary Policy Guidelines for Employment and Inflation Stability. In Inflation, Unemployment, and Monetary Policy, ed. by Robert M. Solow and John B. Taylor, MIT Press, 29–54.
Paper not yet in RePEc: Add citation now
Taylor, John B. (2000). Low Inflation, Pass-Through, and the Pricing Power of Firms, European Economic Review. Vol. 44, 1389-1408.
Taylor, John B. (ed.) (1999). Monetary Policy Rules. University of Chicago Press.
Taylor, John B., 1980, Aggregate Dynamics and Staggered Contracts, Journal of Political Economy. Vol. 88, 1-22.
- Viñals, José (2001). Monetary Policy Issues in a Low Inflation Environment, CEPR Working Paper No. 2945.
Paper not yet in RePEc: Add citation now
Walsh, Carl E. (2004). Implications of a Changing Economic Structure for the Strategy of Monetary Policy. In Federal Reserve Bank of Kansas City (ed.), Monetary Policy and Uncertainty, Federal Reserve Bank of Kansas City.
Woodford, Michael (1999). Optimal Monetary Policy Inertia. NBER Working Paper No. 7261.
Woodford, Michael (2001). Imperfect Common Knowledge and the Effects of Monetary Policy. NBER Working Paper 8673.