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On the Welfare and Cyclical Implications of Moderate Trend Inflation
16 references·6 citing·37 second hop
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References

  • 1982Time to Build and Aggregate Fluctuations5,933 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2000Optimal monetary policy with staggered wage and price contracts2,281 cited
  • 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy2,077 cited
  • 1985Indivisible labor and the business cycle2,011 cited
  • 1996Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations1,731 cited
  • 2004Some Evidence on the Importance of Sticky Prices1,579 cited
  • 2010Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach1,507 cited
  • 2001Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy1,448 cited
  • 1988Indivisible labor, lotteries and equilibrium1,231 cited
  • 2003Solving dynamic general equilibrium models using a second-order approximation to the policy function1,216 cited
  • 2007Business Cycle Accounting1,001 cited
  • 2008Investment Shocks and Business Cycles887 cited
  • 2008The Time-Varying Volatility of Macroeconomic Fluctuations844 cited
  • 2006The Dynamic Effects of Neutral and Investment‐Specific Technology Shocks

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693 cited
  • 2010Firm-specific capital, nominal rigidities and the business cycle591 cited
  • Cited by

    • 2017The Reader's Guide to Optimal Monetary Policy27 cited
    • 2018Inflation, output and markup dynamics with purely forward-looking wage and price setters22 cited
    • 2018Some implications of learning for price stability18 cited
    • 2016Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation18 cited
    • 2019The Optimal Inflation Target and the Natural Rate of Interest17 cited
    • 2021Effects of trend inflation on monetary policy and fiscal policy shocks in Vietnam16 cited