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Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions: The Problem with Inflation Targets
16 references·1 citing·38 second hop
Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions: The Problem with Inflation Targets (1998)Real Indeterminacy in Monetary Models wit…Timing and real indeterminacy in monetary models (2001)Timing and real indeterminacy…Monetary Policy and Multiple Equilibria (2001)Monetary Policy and Multiple …Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules and Mac…The New Neoclassical Synthesis and the Role of Monetary Policy (1997)The New Neoclassical Synthesi…Balanced‐Budget Rules, Distortionary Taxes, and Aggregate Instability (1997)Balanced‐Budget Rules, Distor…An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)An Optimization-Based Econome…Monetary policy and price level determinacy in a cash-in-advance economy (1994)Monetary policy and price lev…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Inflation and Asset Returns in a Monetary Economy (1992)Inflation and Asset Returns i…Functional equivalence between liquidity costs and the utility of money (1986)Functional equivalence betwee…Money and Interest in a Cash-in-Advance Economy (1985)Money and Interest in a Cash-…Money and Interest in Cash-In-Advance Economy (1984)Money and Interest in Cash-In…Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out? (1983)Speculative Hyperinflations i…Price level determinacy with an interest rate policy rule and rational expectations (1981)Price level determinacy with …The Solution of Linear Difference Models under Rational Expectations (1980)The Solution of Linear Differ…A simple perfect foresight monetary model (1975)A simple perfect foresight mo…Taylor Rules in a Limited Participation Model (1999)Taylor Rules in a Limited Par…A RECONSIDERATION OF THE MICROFOUNDATIONS OF MONETARY THEORY (1967)Interest rates and currency prices in a two-country world (1982)Optimal fiscal and monetary policy in an economy without capital (1983)The Computational Experiment: An Econometric Tool (1996)On the equivalence of private and public money (2019)MONEY, INCOME, AND CAUSALITY (1972)Learning to Believe in Sunspots (1990)Foundations of Economic Analysis (1948)Foundations of Economic Analysis. (1948)The Transactions Demand for Cash: An Inventory Theoretic Approach (1952)A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles (1996)The monetary dynamics of hyperinflation (1956)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Aggregate Dynamics and Staggered Contracts (1980)Solving Linear Rational Expectations Models (2002)Solving dynamic general equilibrium models using a second-order approximation to the policy function (2003)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)The Role of Monetary Policy (1995)Rational Asset Pricing Bubbles (1997)The Mirage of Exchange Rate Regimes for Emerging Market Countries (2003)Econometric policy evaluation: A critique (1976)The federal funds rate and the channels of monetary transmission (1989)Staggered Prices in a Utility-Maximizing Framework (1996)Zero Bound on Interest Rates and Optimal Monetary Policy (2003)Some Evidence on the Importance of Sticky Prices (2004)Understanding the Effects of Government Spending on Consumption (2007)Rules, discretion and reputation in a model of monetary policy (1983)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Inflation dynamics: A structural econometric analysis (1999)The Science of Monetary Policy: A New Keynesian Perspective (1999)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Chapter 6 Indeterminacy and sunspots in macroeconomics (1999)Resilience: A Literature Review (2011)Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016)Inflation targeting as a monetary policy rule (1999)Real Wage Rigidities and the New Keynesian Model (2007)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2010)
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
  • 1980The Solution of Linear Difference Models under Rational Expectations2,412 cited
  • 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy2,077 cited
  • 1997The New Neoclassical Synthesis and the Role of Monetary Policy1,233 cited
  • 1994Monetary policy and price level determinacy in a cash-in-advance economy753 cited
  • 1986Functional equivalence between liquidity costs and the utility of money616 cited
  • 1985Money and Interest in a Cash-in-Advance Economy599 cited
  • 1984Money and Interest in Cash-In-Advance Economy582 cited
  • 2001Monetary Policy and Multiple Equilibria532 cited
  • 1997Balanced‐Budget Rules, Distortionary Taxes, and Aggregate Instability354 cited
  • 1975A simple perfect foresight monetary model278 cited
  • 1992Inflation and Asset Returns in a Monetary Economy277 cited
  • 1981Price level determinacy with an interest rate policy rule and rational expectations264 cited
  • 1983Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?240 cited

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  • 2001Timing and real indeterminacy in monetary models217 cited
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    • 1999Taylor Rules in a Limited Participation Model11 cited