create a website

Monetary regime switches and unstable objectives. (2011). Nunes, Ricardo ; Debortoli, Davide.
In: International Finance Discussion Papers.
RePEc:fip:fedgif:1036.

Full description at Econpapers || Download paper

Cited: 3

Citations received by this document

Cites: 48

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Monetary policy regimes and inflation in the new-Keynesian model. (2014). Moore, Bartholomew .
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:40:y:2014:i:c:p:323-337.

    Full description at Econpapers || Download paper

  2. How Optimal is US Monetary Policy?. (2013). Leith, Campbell ; Kirsanova, Tatiana ; Chen, Xiaoshan.
    In: Stirling Economics Discussion Papers.
    RePEc:stl:stledp:2013-05.

    Full description at Econpapers || Download paper

  3. Monetary policy regime switches and macroeconomic dynamic. (2013). Foerster, Andrew.
    In: Research Working Paper.
    RePEc:fip:fedkrw:rwp13-04.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. 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.

  2. Alesina, A., Roubini, N., Cohen, G., 1997. Political Cycles and the Macroeconomy. The MIT Press.

  3. Aoki, K., 2003. On the optimal monetary policy response to noisy indicators. Journal of Monetary Economics 50, 501â523.

  4. Ball, L., Mankiw, N. G., 2002. The nairu in theory and practice. Journal of Economic Perspectives 16 (4), 115â136.

  5. Barro, R. J., Gordon, D. B., 1983. Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics 12 (1), 101â121.

  6. Beaudry, P., Portier, F., September 2006. Stock prices, news, and economic ïuctuations. American Economic Review 96, 1293â1307.

  7. Bianchi, F., 2010. Regime switches, agentsâ beliefs, and post-world war ii u.s. macroeconomic dynamics. Duke University. Manuscript.

  8. Blanchard, O., DellâAriccia, G., Mauro, P., 2010. Rethinking macroeconomic policy. International Monetary Fund Staï Position Note.

  9. 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.

  10. Carboni, G., Ellison, M., 2009. The great inïation and the greenbook. Journal of Monetary Economics 56 (6), 831â841.

  11. Chari, V., Kehoe, P., McGrattan, E., 2009. New keynesian models: Not yet useful for policy analysis. American Economic Journal: Macroeconomics 1 (1), 242â266.

  12. Clarida, R., GalÄ, J., Gertler, M., 2000. Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics 115 (1), 147â180.

  13. Cogley, T., Sargent, T. J., 02 2002. Evolving post-world war ii u.s. inïation dynamics.
    Paper not yet in RePEc: Add citation now
  14. Davig, T., Doh, T., 2008. Monetary policy regime shifts and inïation persistence. Federal Reserve Bank of Kansas City. Research Working Paper.

  15. Davig, T., Leeper, E., 2007. Generalizing the taylor principle. American Economic Review 97 (3), 607â635.

  16. Debortoli, D., Nunes, R., 2010a. Fiscal policy under loose commitment. Journal of Economic Theory 145-3, 1005â1032.

  17. Debortoli, D., Nunes, R., 2010b. The macroeconomic eïect of external pressures on monetary policy. International Finance Discussion Papers N.944.

  18. Dennis, R., 2004. Inferring policy objectives from economic outcomes. Oxford Bulletin of Economics and Statistics 66 (1), 735â764.

  19. Dennis, R., 2006. The policy preferences of the us federal reserve. Journal of Applied Econometrics 21 (1), 55â77.

  20. Farmer, R. E., Waggoner, D. F., Zha, T., 2009. Understanding markov-switching rational expectations models. Journal of Economic Theory 144 (5), 1849â1867.

  21. Faust, J., Irons, J., 1999. Money, politics and the post-war busines cycle. Journal of Monetary Economics 43 (1), 61â89.

  22. 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
  23. 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
  24. Giannoni, M., Woodford, M., 2010. Optimal target criteria for stabilization policy. NBER Working Paper 15757.

  25. 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
  26. Hamilton, J. D., 1989. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica 57 (2), 357â84.

  27. 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
  28. Ireland, P. N., 2004. Technology shocks in the new keynesian model. The Review of Economics and Statistics 86 (4), 923â936.

  29. Justiniano, A., Primiceri, G., 2008. Potential and natural output. Manuscript.
    Paper not yet in RePEc: Add citation now
  30. 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.

  31. Liu, Z., Waggoner, D., Zha, T., 2009. Asymmetric expectation eïects of regime shifts in monetary policy. Review of Economic Dynamics 12 (2), 284â303.

  32. Lubik, T. A., Schorfheide, F., 2004. Testing for indeterminacy: An application to u.s. monetary policy. American Economic Review 94 (1), 190â217.

  33. Lucas, R. J., 1976. Econometric policy evaluation: A critique. Carnegie-Rochester Conference Series on Public Policy 1 (1), 19â46.

  34. Marcet, A., Marimon, R., 1998. Recursive contracts. Universitat Pompeu Fabra. Working Paper.

  35. Orphanides, A., 2001. Monetary policy rules based on real-time data. The American Economic Review 91 (4), 964â985.

  36. 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
  37. Orphanides, A., 2006. The road to price stability. The American Economic Review 96 (2), 178â181.

  38. Owyang, M. T., Ramey, G., 2004. Regime switching and monetary policy measurement. Journal of Monetary Economics 51 (8), 1577â1597.

  39. 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.

  40. Roberds, W., 1987. Models of policy under stochastic replanning. International Economic Review 28 (3), 731â755.

  41. Schaumburg, E., Tambalotti, A., 2007. An investigation of the gains from commitment in monetary policy. Journal of Monetary Economics 54 (2), 302â324.

  42. Sims, C. A., Zha, T., 2006. Were there regime switches in u.s. monetary policy? American Economic Review 96 (1), 54â81.

  43. 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.

  44. 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.

  45. Stock, J., Watson, M., 2002. Has the Business Cycle Changed and Why? NBER Macroeconomics Annual, 159â218.

  46. Woodford, M., 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton University Press.
    Paper not yet in RePEc: Add citation now
  47. Yun, T., 1996. Nominal price rigidity, money supply endogeneity and business cycles. Journal of Monetary Economics 37 (2), 345â370.

  48. 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.

Cocites

Documents in RePEc which have cited the same bibliography

  1. What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices. (2020). Williams, John ; Mertens, Thomas.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2018-03.

    Full description at Econpapers || Download paper

  2. Why may large economies suffer more at the zero lower bound?. (2016). Brzoza-Brzezina, Michal.
    In: KAE Working Papers.
    RePEc:sgh:kaewps:2016012.

    Full description at Econpapers || Download paper

  3. Does Calvo Meet Rotemberg at the Zero Lower Bound?. (2015). Ngo, Phuong ; Miao, Jianjun.
    In: 2015 Meeting Papers.
    RePEc:red:sed015:602.

    Full description at Econpapers || Download paper

  4. Dynamic Debt Deleveraging and Optimal Monetary Policy. (2015). Romei, Federica ; Eggertsson, Gauti ; Benigno, Pierpaolo.
    In: 2015 Meeting Papers.
    RePEc:red:sed015:390.

    Full description at Econpapers || Download paper

  5. Stabilization policy, rational expectations and price-level versus infl‡ation targeting: a survey. (2014). Minford, A. Patrick ; Hatcher, Michael.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:9820.

    Full description at Econpapers || Download paper

  6. Robust Stability of Monetary Policy Rules under Adaptive Learning. (2012). Gaus, Eric.
    In: Working Papers.
    RePEc:urs:urswps:13-01.

    Full description at Econpapers || Download paper

  7. International policy spillovers at the zero lower bound. (2012). Lipinska, Anna ; Haberis, Alex.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2012-23.

    Full description at Econpapers || Download paper

  8. Optimal policy for macro-financial stability. (2012). Young, Eric ; Rebucci, Alessandro ; Otrok, Christopher ; Benigno, Gianluca ; Chen, Huigang.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:51519.

    Full description at Econpapers || Download paper

  9. Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model. (2012). Woodford, Michael ; Adam, Klaus.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8826.

    Full description at Econpapers || Download paper

  10. Was the New Deal Contractionary?. (2012). Eggertsson, Gauti.
    In: American Economic Review.
    RePEc:aea:aecrev:v:102:y:2012:i:1:p:524-55.

    Full description at Econpapers || Download paper

  11. Quantitative and credit easing policies at the zero lower bound on the nominal interest rate. (2011). Dai, Meixing.
    In: MPRA Paper.
    RePEc:pra:mprapa:28129.

    Full description at Econpapers || Download paper

  12. Managing a Liquidity Trap: Monetary and Fiscal Policy. (2011). Werning, Iván.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17344.

    Full description at Econpapers || Download paper

  13. Should Central Banks Raise their Inflation Targets? Some Relevant Issues. (2011). McCallum, Bennett T..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17005.

    Full description at Econpapers || Download paper

  14. Global Liquidity Trap. (2011). Teranishi, Yuki ; Sudo, Nao ; Nakajima, Tomoyuki ; Fujiwara, Ippei.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:16867.

    Full description at Econpapers || Download paper

  15. What Fiscal Policy Is Effective at Zero Interest Rates?. (2011). Eggertsson, Gauti B..
    In: NBER Chapters.
    RePEc:nbr:nberch:12027.

    Full description at Econpapers || Download paper

  16. Monetary regime switches and unstable objectives. (2011). Nunes, Ricardo ; Debortoli, Davide.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1036.

    Full description at Econpapers || Download paper

  17. Have we underestimated the likelihood and severity of zero lower bound events?. (2011). Williams, John ; Laforte, Jean-Philippe ; Chung, Hess ; Reifschneider, David.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2011-01.

    Full description at Econpapers || Download paper

  18. New Keynesian dynamics in a low interest rate environment. (2011). Boneva, Lena ; Braun, R. ; Korber, Lena Mareen .
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2011-10.

    Full description at Econpapers || Download paper

  19. Government debt and optimal monetary and fiscal policy. (2011). Adam, Klaus.
    In: European Economic Review.
    RePEc:eee:eecrev:v:55:y:2011:i:1:p:57-74.

    Full description at Econpapers || Download paper

  20. The implications of inflation in an estimated new Keynesian model. (2011). Guerron, Pablo ; Guerron-Quintana, Pablo A..
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:35:y:2011:i:6:p:947-962.

    Full description at Econpapers || Download paper

  21. Inflation versus price-level targeting and the zero lower bound: Stochastic simulations from the Smets-Wouters US model. (2011). Hatcher, Michael.
    In: Cardiff Economics Working Papers.
    RePEc:cdf:wpaper:2011/24.

    Full description at Econpapers || Download paper

  22. Comparing inflation and price-level targeting: A comprehensive review of the literature. (2011). Hatcher, Michael.
    In: Cardiff Economics Working Papers.
    RePEc:cdf:wpaper:2011/22.

    Full description at Econpapers || Download paper

  23. Trend inflation, endogenous mark-ups and the non-vertical Phillips curve. (2010). Tirelli, Patrizio ; Di Bartolomeo, Giovanni ; acocella, nicola ; Patrizio, Tirelli ; Nicola, Acocella.
    In: wp.comunite.
    RePEc:ter:wpaper:0065.

    Full description at Econpapers || Download paper

  24. Optimal Monetary and Fiscal Stabilisation Policies. (2010). Adam, Klaus.
    In: OECD Economics Department Working Papers.
    RePEc:oec:ecoaaa:765-en.

    Full description at Econpapers || Download paper

  25. Optimal Monetary Stabilization Policy. (2010). Woodford, Michael.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:16095.

    Full description at Econpapers || Download paper

  26. A Time-Invariant Duration Policy under the Zero Lower Bound. (2010). Ueda, Kozo.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:10-e-12.

    Full description at Econpapers || Download paper

  27. Global Liquidity Trap. (2010). Teranishi, Yuki ; Sudo, Nao ; Nakajima, Tomoyuki ; Fujiwara, Ippei.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:10-e-11.

    Full description at Econpapers || Download paper

  28. The Fiscal Multiplier and Spillover in a Global Liquidity Trap. (2010). Ueda, Kozo ; Fujiwara, Ippei.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:10-e-03.

    Full description at Econpapers || Download paper

  29. The Zero Lower Bound and Monetary Policy in a Global Economy: A Simple Analytical Investigation. (2010). Teranishi, Yuki ; Sudo, Nao ; Fujiwara, Ippei.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2010:q:1:a:6.

    Full description at Econpapers || Download paper

  30. Global liquidity trap. (2010). Teranishi, Yuki ; Sudo, Nao ; Nakajima, Tomoyuki ; Fujiwara, Ippei.
    In: Globalization Institute Working Papers.
    RePEc:fip:feddgw:56.

    Full description at Econpapers || Download paper

  31. The fiscal multiplier and spillover in a global liquidity trap. (2010). Ueda, Kozo ; Fujiwara, Ippei.
    In: Globalization Institute Working Papers.
    RePEc:fip:feddgw:51.

    Full description at Econpapers || Download paper

  32. The Effects of Foreign Shocks When Interest Rates Are at Zero. (2010). Guerrieri, Luca ; Erceg, Christopher ; Bodenstein, Martin.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8006.

    Full description at Econpapers || Download paper

  33. Global Liquidity Trap: A Simple Analytical Investigation. (2009). Teranishi, Yuki ; Sudo, Nao ; Fujiwara, Ippei.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:09-e-31.

    Full description at Econpapers || Download paper

  34. Optimal exchange-rate policy in a low interest rate environment. (2009). Pavasuthipaisit, Robert .
    In: Journal of the Japanese and International Economies.
    RePEc:eee:jjieco:v:23:y:2009:i:3:p:264-282.

    Full description at Econpapers || Download paper

  35. Gains from interest-rate smoothing in a small open economy with zero-bound aversion. (2009). Kam, Timothy.
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:20:y:2009:i:1:p:24-45.

    Full description at Econpapers || Download paper

  36. Heeding Daedalus: Optimal Inflation and the Zero Lower Bound. (2009). Williams, John.
    In: Brookings Papers on Economic Activity.
    RePEc:bin:bpeajo:v:40:y:2009:i:2009-02:p:1-49.

    Full description at Econpapers || Download paper

  37. Monetary Policy Lag, Zero Lower Bound, and Inflation Targeting. (2009). Nishiyama, Shin-Ichi.
    In: Staff Working Papers.
    RePEc:bca:bocawp:09-2.

    Full description at Econpapers || Download paper

  38. Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model. (2008). Svensson, Lars ; Lindé, Jesper ; Laséen, Stefan ; Adolfson, Malin ; Lasen, Stefan.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14510.

    Full description at Econpapers || Download paper

  39. The Zero Interest Rate Policy. (2008). Teranishi, Yuki ; Sugo, Tomohiro.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:08-e-20.

    Full description at Econpapers || Download paper

  40. Inflation Thresholds and Relative Price Variability: Evidence from U.S. Cities. (2008). Nautz, Dieter ; Bick, Alexander.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2008:q:3:a:3.

    Full description at Econpapers || Download paper

  41. Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate. (2008). Nakov, Anton.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2008:q:2:a:3.

    Full description at Econpapers || Download paper

  42. Price-level targeting and risk management in a low-inflation economy. (2008). Billi, Roberto.
    In: Research Working Paper.
    RePEc:fip:fedkrw:rwp08-09.

    Full description at Econpapers || Download paper

  43. Liquidity trap and optimal monetary policy in open economies. (2008). Nakajima, Tomoyuki.
    In: Journal of the Japanese and International Economies.
    RePEc:eee:jjieco:v:22:y:2008:i:1:p:1-33.

    Full description at Econpapers || Download paper

  44. Central bank reputation in a forward-looking model. (2008). Loisel, Olivier.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:32:y:2008:i:11:p:3718-3742.

    Full description at Econpapers || Download paper

  45. Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model. (2008). Svensson, Lars ; Lindé, Jesper ; Laséen, Stefan ; Adolfson, Malin.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:7070.

    Full description at Econpapers || Download paper

  46. Adopting Price-Level Targeting under Imperfect Credibility: An Update. (2008). Ueberfeldt, Alexander ; Shukayev, Malik ; Kryvtsov, Oleksiy.
    In: Staff Working Papers.
    RePEc:bca:bocawp:08-37.

    Full description at Econpapers || Download paper

  47. The Role of the Real Interest Rate in US Macroeconomic History. (2007). Weber, Ernst.
    In: Economics Discussion / Working Papers.
    RePEc:uwa:wpaper:07-01.

    Full description at Econpapers || Download paper

  48. Downward nominal wage rigidity in Poland. (2007). Brzoza-Brzezina, Michal ; Broza-Brzezina, Micha ; Socha, Jacek.
    In: NBP Working Papers.
    RePEc:nbp:nbpmis:41.

    Full description at Econpapers || Download paper

  49. Fiscal multipliers and policy coordination. (2006). Eggertsson, Gauti.
    In: Staff Reports.
    RePEc:fip:fednsr:241.

    Full description at Econpapers || Download paper

  50. Central Bank Reputation in a Forward-Looking Model.. (2005). Loisel, Olivier.
    In: Working papers.
    RePEc:bfr:banfra:127.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-01 01:57:08 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.