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The Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 1985The Optimal Degree of Commitment to an Intermediate Monetary Target3,687 cited
  • 1983Rules, discretion and reputation in a model of monetary policy3,625 cited
  • 1998Central Banking in Theory and Practice984 cited
  • 1995New Keynesian Economics and the Phillips Curve896 cited
  • 1961The Lag in Effect of Monetary Policy421 cited
  • 1999Solution and estimation of RE macromodels with optimal policy404 cited
  • 2002Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty364 cited
  • 2004Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation234 cited
  • 2002Targeting Nominal Income Growth or Inflation?218 cited
  • 2000Price-level Targeting versus Inflation Targeting in a Forward-looking Model129 cited
  • 2006How Important Is Precommitment for Monetary Policy?

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  • 2021Price-Level Targeting48 cited
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