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Practical Issues in Monetary Policy Targeting
16 references·1 citing·49 second hop
Practical Issues in Monetary Policy Targeting (2020)Practical Issues in Monetary Policy Targe…The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds (1996)The Effects of Monetary Polic…Some Lessons from the Yield Curve (1995)Some Lessons from the Yield C…Measuring Monetary Policy (1995)Measuring Monetary PolicyFederal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…The Yield Curve and Real Activity (1993)The Yield Curve and Real Acti…The Term Structure and World Economic Growth (1991)The Term Structure and World …Data-Snooping Biases in Tests of Financial Asset Pricing Models (1990)Data-Snooping Biases in Tests…Forecasts of Economic Growth from the Bond and Stock Markets (1989)Forecasts of Economic Growth …The real term structure and consumption growth (1988)The real term structure and c…The information in forward rates (1988)The information in forward ra…The Dynamic Effects of Aggregate Demand and Supply Disturbances (1988)The Dynamic Effects of Aggreg…Consensus and Uncertainty in Economic Prediction (1983)Consensus and Uncertainty in …Macroeconomics and Reality (1980)Macroeconomics and RealityEconometric policy evaluation: A critique (1976)Econometric policy evaluation…Uncertainty and the effectiveness of policy (1967)Uncertainty and the effective…Monetary PolicyMonetary PolicyMonetary Policy Targeting in Central Europe's Transition Economics: The Case for Direct Inflation Targeting (2006)Monetary Policy Targeting in …Aggregate Dynamics and Staggered Contracts (1980)Trends and random walks in macroeconomic time series (1988)The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)Impulse response analysis in nonlinear multivariate models (1996)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)What are the effects of monetary policy on output? Results from an agnostic identification procedure (2005)On the Theory of Economic Policy (1952)Economic Forecasts and Policy (1962)Central Banking in Theory and Practice (1998)Monetary policy and asset prices (2002)Fiscal Policy in a Depressed Economy (2012)Pitfalls in Financial Model-Building (1968)Conditional logit analysis of qualitative choice behavior (1972)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Time to Build and Aggregate Fluctuations (1982)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Generalized impulse response analysis in linear multivariate models (1998)A Theory of the Consumption Function (1960)Some International Evidence on Output-Inflation Tradeoffs. (1973)The Role of Monetary Policy (1995)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Does Culture Affect Economic Outcomes? (2006)On the Determination of the Public Debt (1979)A Theory of the Term Structure of Interest Rates (1985)Business conditions and expected returns on stocks and bonds (1989)Global Capital and National Governments (2001)Financial Markets and the Real Economy (2005)Climate Change News Risk and Corporate Bond Returns (2020)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Economic Forces and the Stock Market (1986)Commonality in the determinants of expected stock returns (1996)Common Risk Factors in Currency Markets (2011)Replicating Anomalies (2018)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables (1999)A multivariate model of strategic asset allocation (2002)Time-varying short-horizon predictability☆ (2010)Stock Market Liquidity and the Business Cycle (2011)Should Macroeconomic Forecasters Use Daily Financial Data and How? (2013)Coronavirus: Impact on Stock Prices and Growth Expectations (2020)The Financial Accelerator and the Flight to Quality (1996)Oil price shocks and stock market activity (1999)A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables (2003)Macroeconomic news and bond market volatility1We thank Walter Toshi Baily, Bob Korajczyk, Jim Poterba, Mark Watson, seminar participants at the University of Chicago, Columbia University, Cornell University, and the University of Montreal, and especially Ludger Hentschel (the referee) for helpful comments. We also thank Mark Mitchell for supplying data, and Amy C. Ko and Sydney Ludvigson for research assistance. Lamont was supported by the FMC Faculty Research Fund at the Graduate School of Business, University of Chicago. A portion of this research was completed while Lumsdaine was a National Fellow at the Hoover Institution. We also thank the Financial Research Center at Princeton University for support. A previous version of this paper circulated as `Public Information and the Persistence of Bond Market Volatility'.1 (1998)Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence (2000)
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References

  • 1980Macroeconomics and Reality12,826 cited
  • 1976Econometric policy evaluation: A critique6,104 cited
  • 1988The Dynamic Effects of Aggregate Demand and Supply Disturbances3,940 cited
  • 1996The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds1,209 cited
  • 1990Data-Snooping Biases in Tests of Financial Asset Pricing Models1,121 cited
  • 1967Uncertainty and the effectiveness of policy1,008 cited
  • 1988The real term structure and consumption growth703 cited
  • 1989Forecasts of Economic Growth from the Bond and Stock Markets424 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure373 cited
  • 1995Some Lessons from the Yield Curve366 cited
  • 1983Consensus and Uncertainty in Economic Prediction324 cited
  • 1988The information in forward rates264 cited
  • 1995Measuring Monetary Policy242 cited
  • 1991The Term Structure and World Economic Growth191 cited
  • n.d.Monetary Policy154 cited
  • 1993The Yield Curve and Real Activity128 cited

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  • 2006Monetary Policy Targeting in Central Europe's Transition Economics: The Case for Direct Inflation Targeting13 cited