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Fisher, Jonas D.M.; Liu, Chin T. and Zhou, Ruilin.âWhen Can We Forecast Inflation?âFederal Reserve Bank of Chicago Economic Perspectives, 2002, Q1, pp. 32-44; www.chicagofed.org/digital_assets/publications/economic_perspectives/2002/1qepart4.pdf.
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Goodfriend, Marvin.âHow the World Achieved Consensus on Monetary Policy.âNBER Working Paper No. 13580, National Bureau of Economic Research, November 2007; http://econpapers.repec.org/paper/nbrnberwo/13580.htm.
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Guidolin, Massimo and Thornton, Daniel L.âPredictions of Short-Term Rates and the Expectations Hypothesis of the Term Structure of Interest Rates.âWorking Paper No. 977, European Central Bank, December 2008.
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McCallum, Bennett T.âPrice Level Determinacy with an Interest Rate Policy Rule and Rational Expectations.âJournal of Monetary Economics, November 1981, 8(3), pp. 319-29.
Meltzer, Allan H.âMonetary, Credit and (Other) Transmission Processes: A Monetarist Perspective.âJournal of Economic Perspectives, Fall 1995, 9(4), pp. 49-72; www.jstor.org/stable/2138390.
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- Miron, Jeffrey.âIn Defense of Doing Nothing.âCatoâs Letter, Spring 2009, 7(2), pp. 1-7; www.cato.org/pubs/catosletter/catosletterv7n2.pdf.
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Nelson, Edward and Neiss, Katharine S.âInflation Dynamics, Marginal Cost, and the Output Gap: Evidence from Three Countries.âJournal of Money, Credit, and Banking, December 2005, 37(6), pp. 1019-45.
Nelson, Edward.âThe Great Inflation of the Seventies: What Really Happened?âAdvances in Macroeconomics, 2005, 5(1), article 3; www.bepress.com/bejm/advances/vol5/iss1/art3.
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Rudebusch, Glenn D.âMonetary Policy Inertia and Recent Fed Actions.âFederal Reserve Bank of San Francisco Economic Letter, Number 2007-03; January 26, 2007; www.frbsf.org/publications/economics/letter/2007/el2007-03.pdf.
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Sarno, Lucio; Thornton, Daniel L. and Valente, Giorgio.âThe Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields.âJournal of Financial and Quantitative Analysis, March 2007, 42(1), pp. 81-100. Thornton 80 January/February 2012 Federal Reserve Bank of St. Louis REVIEW Schmidt-Hebbel, Klaus.âInflation Targeting Twenty Years On: Where, When, Why, With What Effects, and What Lies Ahead?âin David Cobham, Ãyvind Eitrheim, Stefan Gerlach, and Jan F. Qvigstad, eds., Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects. Chap. 5. Cambridge, UK: Cambridge University Press, 2010, pp. 57-89.
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Thornton, Daniel L.âThe Fed, Liquidity, and Credit Allocation.âFederal Reserve Bank of St. Louis Review, January/February 2009, 91(1), pp. 13-21; http://research.stlouisfed.org/publications/review/09/01/Thornton.pdf.
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Tulip, P.âHas Output Become More Predictable? Changes in Greenbook Forecast Accuracy.âFinance and Economics Discussion Paper No. 2005-31, Federal Reserve Board, 2005; www.federalreserve.gov/pubs/feds/2005/200531/200531pap.pdf.
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