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The Case for a Long-Run Inflation Target of Four Percent
16 references·16 citing·48 second hopsampled
The Case for a Long-Run Inflation Target of Four Percent (2014)The Case for a Long-Run Inflation Target …Rules Rather Than Discretion: The Inconsistency of Optimal plans (2013)Rules Rather Than Discretion:…The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound? 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(1936)The General Theory of Employment, Interest and Money. (1936)Discretion versus policy rules in practice (1993)When Is the Government Spending Multiplier Large? (2011)Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach* (2012)Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound (2016)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Forecasting Output and Inflation: The Role of Asset Prices (2001)'New' Views on the Optimum Currency Area Theory: What is Emu Telling Us? (2003)The Missing Motivation in Macroeconomics (2007)The role of macroeconomic factors in growth (1993)Warning: Inflation May Be Harmful to Your Growth (1998)Explaining African Economic Performance (1999)What makes growth sustained? 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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1985The Optimal Degree of Commitment to an Intermediate Monetary Target3,687 cited
  • 2003Zero Bound on Interest Rates and Optimal Monetary Policy1,801 cited
  • 1995Inflation Persistence1,007 cited
  • 1995Nonlinear Effects of Inflation on Economic Growth681 cited
  • 2000Near-Rational Wage and Price Setting and the Long-Run Phillips Curve527 cited
  • 2001The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment497 cited
  • 2000Three Lessons for Monetary Policy in a Low-Inflation Era495 cited
  • 1997Efficient Rules for Monetary Policy466 cited
  • 2011Monetary Policy Strategy: Lessons from the Crisis455 cited
  • 1995The age of diminished expectations396 cited
  • 2013Rules Rather Than Discretion: The Inconsistency of Optimal plans395 cited
  • 2012The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?360 cited
  • 1981Relative Shocks, Relative Price Variability, and Inflation343 cited
  • 1999Three Lessons for Monetary Policy in a Low Inflation Era268 cited

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  • 1994How independent should a central bank be219 cited
  • Cited by

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    • 2021Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis100 cited
    • 2022Policy uncertainty in Japan88 cited
    • 2021Targeting Inflation from Below - How Do Inflation Expectations Behave?87 cited
    • 2018The European Central Bank's Monetary Policy during Its First 20 Years82 cited
    • 2017Policy Uncertainty In Japan79 cited
    • 2014Bond Market Exposures to Macroeconomic and Monetary Policy Risks61 cited
    • 2017Monetary policy in a low interest rate world53 cited
    • 2018The Optimal Inflation Target and the Natural Rate of Interest51 cited
    • 2019The Optimal Inflation Target and the Natural Rate of Interest46 cited
    • 2016Necessity as the Mother of Invention: Monetary Policy after the Crisis45 cited
    • 2015Measuring the Effects of Unconventional Monetary Policy on Asset Prices44 cited
    • 2022Towards a New Euro Crisis?44 cited