Adam, K., Billi, R., 2006. Optimal monetary policy under commitment with a zero bound on nominal interest rates. Journal of Money, Credit and Banking 38 (7), 1877â1905.
Alesina, A., Roubini, N., Cohen, G., 1997. Political Cycles and the Macroeconomy. The MIT Press.
Aoki, K., 2003. On the optimal monetary policy response to noisy indicators. Journal of Monetary Economics 50, 501â523.
Ball, L., Mankiw, N. G., 2002. The nairu in theory and practice. Journal of Economic Perspectives 16 (4), 115â136.
Barro, R. J., Gordon, D. B., 1983. Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics 12 (1), 101â121.
Beaudry, P., Portier, F., September 2006. Stock prices, news, and economic ïuctuations. American Economic Review 96, 1293â1307.
Bianchi, F., 2010. Regime switches, agentsâ beliefs, and post-world war ii u.s. macroeconomic dynamics. Duke University. Manuscript.
Blanchard, O., DellâAriccia, G., Mauro, P., 2010. Rethinking macroeconomic policy. International Monetary Fund Staï Position Note.
Canova, F., Gambetti, L., 2009. Structural changes in the us economy: Is there a role for monetary policy? Journal of Economic Dynamics and Control 33 (2), 477â490.
Carboni, G., Ellison, M., 2009. The great inïation and the greenbook. Journal of Monetary Economics 56 (6), 831â841.
Chari, V., Kehoe, P., McGrattan, E., 2009. New keynesian models: Not yet useful for policy analysis. American Economic Journal: Macroeconomics 1 (1), 242â266.
Clarida, R., GalÄ, J., Gertler, M., 2000. Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics 115 (1), 147â180.
- Cogley, T., Sargent, T. J., 02 2002. Evolving post-world war ii u.s. inïation dynamics.
Paper not yet in RePEc: Add citation now
Davig, T., Doh, T., 2008. Monetary policy regime shifts and inïation persistence. Federal Reserve Bank of Kansas City. Research Working Paper.
Davig, T., Leeper, E., 2007. Generalizing the taylor principle. American Economic Review 97 (3), 607â635.
Debortoli, D., Nunes, R., 2010a. Fiscal policy under loose commitment. Journal of Economic Theory 145-3, 1005â1032.
Debortoli, D., Nunes, R., 2010b. The macroeconomic eïect of external pressures on monetary policy. International Finance Discussion Papers N.944.
Dennis, R., 2004. Inferring policy objectives from economic outcomes. Oxford Bulletin of Economics and Statistics 66 (1), 735â764.
Dennis, R., 2006. The policy preferences of the us federal reserve. Journal of Applied Econometrics 21 (1), 55â77.
Farmer, R. E., Waggoner, D. F., Zha, T., 2009. Understanding markov-switching rational expectations models. Journal of Economic Theory 144 (5), 1849â1867.
Faust, J., Irons, J., 1999. Money, politics and the post-war busines cycle. Journal of Monetary Economics 43 (1), 61â89.
- GalÄ, J., 2008. Monetary Policy, Inïation, and the Business Cycle: An Introduction to the New Keynesian Framework. Princeton University Press.
Paper not yet in RePEc: Add citation now
- Gali, J., Gertler, M., Lopez-Salido, D., 2007. Markups, gaps and the welfare costs of business ïuctuations. Review of Economics and Statistics 89 (1), 44â59.
Paper not yet in RePEc: Add citation now
Giannoni, M., Woodford, M., 2010. Optimal target criteria for stabilization policy. NBER Working Paper 15757.
- Greenspan, A., 1994. Statement to the u.s. house committee on the budget, june 22, 1994. Federal Reserve Bulletin 80 (8), 714â719.
Paper not yet in RePEc: Add citation now
Hamilton, J. D., 1989. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica 57 (2), 357â84.
- In: NBER Macroeconomics Annual 2001, Volume 16. NBER Chapters. National Bureau of Economic Research, Inc, pp. 331â388.
Paper not yet in RePEc: Add citation now
Ireland, P. N., 2004. Technology shocks in the new keynesian model. The Review of Economics and Statistics 86 (4), 923â936.
- Justiniano, A., Primiceri, G., 2008. Potential and natural output. Manuscript.
Paper not yet in RePEc: Add citation now
Kim, C.-J., Nelson, C. R., 1999. State-Space Models with Regime-Switching: Classical and Gibbs-Sampling Approaches with Applications. The MIT Press, Cambridge Massachusets.
Liu, Z., Waggoner, D., Zha, T., 2009. Asymmetric expectation eïects of regime shifts in monetary policy. Review of Economic Dynamics 12 (2), 284â303.
Lubik, T. A., Schorfheide, F., 2004. Testing for indeterminacy: An application to u.s. monetary policy. American Economic Review 94 (1), 190â217.
Lucas, R. J., 1976. Econometric policy evaluation: A critique. Carnegie-Rochester Conference Series on Public Policy 1 (1), 19â46.
Marcet, A., Marimon, R., 1998. Recursive contracts. Universitat Pompeu Fabra. Working Paper.
Orphanides, A., 2001. Monetary policy rules based on real-time data. The American Economic Review 91 (4), 964â985.
- Orphanides, A., 2002. Monetary-policy rules and the great inïation. The American Economic Review 92 (2), 115â120.
Paper not yet in RePEc: Add citation now
Orphanides, A., 2006. The road to price stability. The American Economic Review 96 (2), 178â181.
Owyang, M. T., Ramey, G., 2004. Regime switching and monetary policy measurement. Journal of Monetary Economics 51 (8), 1577â1597.
Rabanal, P., Rubio-Ramirez, J. F., 2005. Comparing new keynesian models of the business cycle: A bayesian approach. Journal of Monetary Economics 52 (6), 1151â1166.
Roberds, W., 1987. Models of policy under stochastic replanning. International Economic Review 28 (3), 731â755.
Schaumburg, E., Tambalotti, A., 2007. An investigation of the gains from commitment in monetary policy. Journal of Monetary Economics 54 (2), 302â324.
Sims, C. A., Zha, T., 2006. Were there regime switches in u.s. monetary policy? American Economic Review 96 (1), 54â81.
Smets, F., Wouters, R., 2003. An estimated dynamic stochastic general equilibrium model of the euro area. Journal of the European Economic Association 1 (5), 1123â1175.
Smith, A., Naik, P. A., Tsai, C.-L., 2006. Markov-switching model selection using markov-switching model selection using kullbackâleibler divergence. Journal of Econometrics 134, 553â577.
Stock, J., Watson, M., 2002. Has the Business Cycle Changed and Why? NBER Macroeconomics Annual, 159â218.
- Woodford, M., 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton University Press.
Paper not yet in RePEc: Add citation now
Yun, T., 1996. Nominal price rigidity, money supply endogeneity and business cycles. Journal of Monetary Economics 37 (2), 345â370.
Zampolli, F., 2006. Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics. Journal of Economic Dynamics and Control 30 (9-10), 1527â1567.