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The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification?
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The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification? (2006)The Fed's Preference for Policy Rate Smoo…The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty (2003)The Performance of Forecast-B…Optimal Interest-Rate Smoothing (2003)Optimal Interest-Rate Smoothi…Monetary policy evaluation with noisy information (2003)Monetary policy evaluation wi…An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)An Estimated Dynamic Stochast…Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models (2002)Dynamic Inconsistencies: Coun…Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty (2002)Assessing Nominal Income Rule…Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence (2000)Interest-rate smoothing and o…Habit Formation in Consumption and Its Implications for Monetary-Policy Models (2000)Habit Formation in Consumptio…Solution and estimation of RE macromodels with optimal policy (1999)Solution and estimation of RE…Robustness of Simple Monetary Policy Rules under Model Uncertainty (1998)Robustness of Simple Monetary…The New Neoclassical Synthesis and the Role of Monetary Policy (1997)The New Neoclassical Synthesi…The (Un)Importance of Forward-Looking Behavior in Price Specifications (1997)The (Un)Importance of Forward…Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa (1997)Distinguished Lecture on Econ…Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…Interest rates and the conduct of monetary policy (1991)Interest rates and the conduc…The Solution of Linear Difference Models under Rational Expectations (1980)Indicator Variables for Optimal Policy (2000)Openness, imperfect exchange rate pass-through and monetary policy (2002)A joint econometric model of macroeconomic and term-structure dynamics (2005)The federal funds rate and the channels of monetary transmission (1989)Inflation Dynamics: A Structural Econometric Analysis (2000)One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know? 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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)
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References

  • 2003An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area3,519 cited
  • 1997The New Neoclassical Synthesis and the Role of Monetary Policy1,233 cited
  • 2000Habit Formation in Consumption and Its Implications for Monetary-Policy Models1,148 cited
  • 1997The (Un)Importance of Forward-Looking Behavior in Price Specifications528 cited
  • 2003Optimal Interest-Rate Smoothing483 cited
  • 1991Interest rates and the conduct of monetary policy464 cited
  • 1999Solution and estimation of RE macromodels with optimal policy404 cited
  • 2000Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence393 cited
  • 1997Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa381 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure373 cited
  • 2002Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty364 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure356 cited
  • 1998Robustness of Simple Monetary Policy Rules under Model Uncertainty321 cited
  • 2003The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty313 cited

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  • 2003Monetary policy evaluation with noisy information310 cited
  • 2002Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models281 cited
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