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Disinflation with imperfect credibility
11 references·16 citing·36 second hop
Disinflation with imperfect credibility (1995)Disinflation with imperfect credibilityStaggered Wage Setting in a Macro Model (2016)Staggered Wage Setting in a M…Lectures on Macroeconomics. (1990)Lectures on Macroeconomics.Lectures on Macroeconomics. (1990)Lectures on Macroeconomics.Credible Disinflation with Staggered Price Setting (1990)Credible Disinflation with St…Macroeconomics and Politics (1988)Macroeconomics and PoliticsThe Wage Price Spiral (1986)The Wage Price SpiralA Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information (1986)A Theory of Ambiguity, Credib…Inflation, debt, and indexation (1985)Inflation, debt, and indexati…Union Wage Settlements During a Disinflation (1982)Union Wage Settlements During…Price Asynchronization and Price Level Inertia (1982)Price Asynchronization and Pr…Aggregate Dynamics and Staggered Contracts (1980)Aggregate Dynamics and Stagge…Political Pressure on Central Banks (2021)Political Pressure on Central…Learning by Disinflating (2013)Learning by DisinflatingInflation, output and uncertainty in the era of inflation targeting – A multi-economy view on causal linkages (2013)Inflation, output and uncerta…State Dependent Pricing and Dynamics of Business Cycles (2012)State Dependent Pricing and D…Imperfect credibility and the zero lower bound (2012)Imperfect credibility and the…Stabilization Policies (2011)Stabilization PoliciesThe Dynamic Effects of Disinflation Policies (2010)The Dynamic Effects of Disinf…The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization? (2005)The 1987 Mexican Disinflation…Sacrifice Ratios and the Conduct of Monetary Policy in Conditions of Low Inflation (2005)Sacrifice Ratios and the Cond…Obstacles to disinflation: what is the role of fiscal expectations? (2004)Obstacles to disinflation: wh…A reappraisal of the inflation–unemployment tradeoff (2004)A reappraisal of the inflatio…Does monetary policy transparency reduce disinflation costs? (2003)Does monetary policy transpar…4. A Theory of Rational Inflationary Inertia (2003)4. A Theory of Rational Infla…Imperfect Credibility and Inflation Persistence (2001)Imperfect Credibility and Inf…Expectations, credibility, and disinflation in a small macroeconomic model (2000)Expectations, credibility, an…Inflation Dynamics: A Structural Economic Analysis (1999)Inflation Dynamics: A Structu…Output Fluctuations and Gradual Price Adjustment (1981)Relative Shocks, Relative Price Variability, and Inflation (1981)The New Keynesian Microfoundations (1987)Chapter 15 Staggered price and wage setting in macroeconomics (1999)Unemployment (2005)Some International Evidence on Output-Inflation Tradeoffs. (1973)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Hysteresis and the European Unemployment Problem (1986)The Role of Monetary Policy (1995)Likelihood‐based cointegration tests in heterogeneous panels (2001)Behavioral Macroeconomics and Macroeconomic Behavior (2002)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)Inflation targeting as a monetary policy rule (1999)Federal Reserve Information and the Behavior of Interest Rates (2000)Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work? (2001)Rules, discretion and reputation in a model of monetary policy (1983)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)The Tinpot and the Totalitarian: An Economic Theory of Dictatorship (1990)The Political Economy of Central Bank Independence (1995)Mixed Signals: Central Bank Independence, Coordinated Wage Bargaining, and European Monetary Union (1998)The Incredible Volcker Disinflation (2005)Modeling Inflation Dynamics: A Critical Review of Recent Research (2007)Economic Growth and Convergence across The United States (1990)The Theory of Incentives: The Principal-Agent Model (2001)On the Empirics of Foreign Aid and Growth (2004)Why Does Money Affect Output? A Survey (1987)CAPITAL FORMATION AND UNEMPLOYMENT (1995)Time to Build and Aggregate Fluctuations (1982)Staggered prices in a utility-maximizing framework (1983)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Why do we have nominal government debt? (1988)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)Intergenerational risk sharing within funded pension schemes (2010)An Aging Society: Opportunity or Challenge? (1990)Price-level determinacy without control of a monetary aggregate (1995)Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem? (2000)
this work references cited by second hop

References

  • 1980Aggregate Dynamics and Staggered Contracts2,464 cited
  • 1986A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information1,287 cited
  • 1990Lectures on Macroeconomics.1,252 cited
  • 2016Staggered Wage Setting in a Macro Model940 cited
  • 1990Lectures on Macroeconomics.924 cited
  • 1988Macroeconomics and Politics736 cited
  • 1990Credible Disinflation with Staggered Price Setting366 cited
  • 1986The Wage Price Spiral236 cited
  • 1982Price Asynchronization and Price Level Inertia204 cited
  • 1985Inflation, debt, and indexation187 cited
  • 1982Union Wage Settlements During a Disinflation167 cited

Cited by

  • 2021Political Pressure on Central Banks117 cited
  • 2012Imperfect credibility and the zero lower bound87 cited
  • 2001Imperfect Credibility and Inflation Persistence75 cited
  • 2005Sacrifice Ratios and the Conduct of Monetary Policy in Conditions of Low Inflation54 cited
  • 2004A reappraisal of the inflation–unemployment tradeoff46 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 20034. A Theory of Rational Inflationary Inertia45 cited
  • 2011Stabilization Policies45 cited
  • 1999Inflation Dynamics: A Structural Economic Analysis44 cited
  • 2000Expectations, credibility, and disinflation in a small macroeconomic model43 cited
  • 2003Does monetary policy transparency reduce disinflation costs?41 cited
  • 2004Obstacles to disinflation: what is the role of fiscal expectations?40 cited
  • 2012State Dependent Pricing and Dynamics of Business Cycles36 cited
  • 2013Inflation, output and uncertainty in the era of inflation targeting – A multi-economy view on causal linkages35 cited
  • 2005The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?32 cited
  • 2010The Dynamic Effects of Disinflation Policies32 cited
  • 2013Learning by Disinflating30 cited