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Adopting Price-Level Targeting under Imperfect Credibility
16 references·4 citing·39 second hop
Adopting Price-Level Targeting under Imperfect Credibility (2021)Adopting Price-Level Targeting under Impe…Price-Level Targeting (2021)Price-Level TargetingOptimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates (2006)Optimal Monetary Policy Under…Discretionary monetary policy and the zero lower bound on nominal interest rates (2006)Discretionary monetary policy…An investigation of the gains from commitment in monetary policy (2006)An investigation of the gains…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…Inflation Stabilization and Welfare: The Case of a Distorted Steady State (2005)Inflation Stabilization and W…Technology Shocks in the New Keynesian Model (2004)Technology Shocks in the New …Staggered prices and trend inflation: some nuisances (2004)Staggered prices and trend in…Staggered Price and Trend Inflatio: Someuisances (2003)Staggered Price and Trend Inf…Transparency and Credibility: Monetary Policy With Unobservable Goals (2001)Transparency and Credibility:…Imperfect Credibility and Inflation Persistence (2001)Imperfect Credibility and Inf…Price-level Targeting versus Inflation Targeting in a Forward-looking Model (2000)Price-level Targeting versus …The Science of Monetary Policy: A New Keynesian Perspective (1999)The Science of Monetary Polic…Price Level Targeting vs. Inflation Targeting: A Free Lunch? (1996)Price Level Targeting vs. Inf…Modern Business Cycle Theory (1990)Modern Business Cycle TheoryRules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Adopting Price-Level Targeting under Imperfect Credibility in ToTEM (2021)Adopting Price-Level Targetin…Price-level targeting rules and financial shocks: The case of Canada (2012)Price-level targeting rules a…Are bygones not bygones? Modeling price-level targeting with an escape clause and lessons from the gold standard (2011)Are bygones not bygones? Mode…What is the Ideal Monetary Policy Regime? Improving the Bank of Canada's Inflation-targeting Program (2009)What is the Ideal Monetary Po…Staggered prices in a utility-maximizing framework (1983)Optimal monetary policy under low trend inflation (2007)Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio? (2011)The Macroeconomics of Trend Inflation (2014)Time to Build and Aggregate Fluctuations (1982)Discretion versus policy rules in practice (1993)Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates (2006)Limited asset markets participation, monetary policy and (inverted) aggregate demand logic (2007)Monetary Policy, Trend Inflation, and the Great Moderation: An Alternative Interpretation (2011)Econometric policy evaluation: A critique (1976)Rules, discretion and reputation in a model of monetary policy (1983)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)A Positive Theory of Monetary Policy in a Natural-Rate Model (1981)Strategic Information Transmission (1982)Indicator Variables for Optimal Policy (2000)Fiscal transparency, political parties, and debt in OECD countries (2005)Central bank independence and transparency: Evolution and effectiveness (2008)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Monetary Theory and Policy, 2nd Edition (2003)Designing targeting rules for international monetary policy cooperation (2006)Implementing Optimal Policy through Inflation-Forecast Targeting (2003)Monetary policy for inattentive economies (2005)Price-level versus inflation targeting (2006)Oil prices and the rise and fall of the US real exchange rate (1998)Growth, technological interdependence and spatial externalities: theory and evidence (2007)Government Investment and Fiscal Stimulus (2010)The Case for Open-Market Purchases in a Liquidity Trap (2005)Financial frictions, financial integration and the international propagation of shocks (2012)Nonlinear adventures at the zero lower bound (2015)
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 2001Transparency and Credibility: Monetary Policy With Unobservable Goals428 cited
  • 2004Technology Shocks in the New Keynesian Model391 cited
  • 1990Modern Business Cycle Theory381 cited
  • 2005Inflation Stabilization and Welfare: The Case of a Distorted Steady State325 cited
  • 2006Discretionary monetary policy and the zero lower bound on nominal interest rates321 cited
  • 2004Staggered prices and trend inflation: some nuisances309 cited
  • 1996Price Level Targeting vs. Inflation Targeting: A Free Lunch?285 cited
  • 2001Imperfect Credibility and Inflation Persistence184 cited
  • 2006An investigation of the gains from commitment in monetary policy151 cited
  • 2006Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates138 cited
  • 2000Price-level Targeting versus Inflation Targeting in a Forward-looking Model129 cited
  • 2021Price-Level Targeting48 cited

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  • 2003Staggered Price and Trend Inflatio: Someuisances47 cited
  • Cited by

    • 2021Adopting Price-Level Targeting under Imperfect Credibility in ToTEM21 cited
    • 2009What is the Ideal Monetary Policy Regime? Improving the Bank of Canada's Inflation-targeting Program20 cited
    • 2011Are bygones not bygones? Modeling price-level targeting with an escape clause and lessons from the gold standard18 cited
    • 2012Price-level targeting rules and financial shocks: The case of Canada16 cited