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Towards a compact, empirically-verified rational expectations model for monetary policy analysis
16 references·12 citing·37 second hop
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(1998)An optimizing model for monet…A Contribution to the Theory of Economic Growth (1956)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)On the mechanics of economic development (1988)Long-Run Policy Analysis and Long-Run Growth (1991)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment (2018)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Inflation and Costs of Price Adjustment (1977)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)A Theory of the Consumption Function (1960)Some International Evidence on Output-Inflation Tradeoffs. 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References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 1976Econometric policy evaluation: A critique6,104 cited
  • 1982Time to Build and Aggregate Fluctuations5,933 cited
  • 1996Staggered Prices in a Utility-Maximizing Framework4,369 cited
  • 1980Aggregate Dynamics and Staggered Contracts2,464 cited
  • 1988Production, growth and business cycles2,193 cited
  • 1989Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence1,820 cited
  • 1995Inflation Persistence1,007 cited
  • 1995The Quantitative Analytics of the Basic Neomonetarist Model710 cited
  • 1990Permanent Income, Current Income, and Consumption573 cited
  • 1988Production, growth and business cycles564 cited
  • 1991The response of consumption to income546 cited
  • 1982Intertemporal Substitution in Macroeconomics539 cited
  • 1995The Quantitative Analytics of the Basic Neomonetarist Model538 cited
  • 1999Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach503 cited
  • 1995Output Dynamics in Real-Business-Cycles Models

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490 cited

Cited by

  • 2000Expectations, credibility, and disinflation in a small macroeconomic model43 cited
  • 2003The Responses of Wages and Prices to Technology Shocks35 cited
  • 2021The Zero Bound on Nominal Interest Rates: How Important Is It?32 cited
  • 2021A Structural Small Open-Economy Model for Canada31 cited
  • 2004The Responses of Wages and Prices to Technology Shocks18 cited
  • 2004A Small Scale Macroeconomic Model for Venezuela16 cited
  • 2001La pente des taux contient-elle de l'information sur l'activité économique future ?15 cited
  • 1998An optimizing model for monetary policy analysis : can habit formation help?15 cited
  • 1998Expectations, Credibility, and Disinflation in a Small Macroeconomic Model15 cited
  • 2005Inflation Targeting and Output Growth: Empirical Evidence for the European Union12 cited
  • 2004Robust Monetary Policy with Competing Reference Models12 cited
  • 2003The Responses of Wages and Prices to Technology Shocks11 cited