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Uncertainty, Learning, and Gradual Monetary Policy
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Uncertainty, Learning, and Gradual Monetary Policy (1998)Uncertainty, Learning, and Gradual Moneta…Monetary Policy Rules Based on Real-Time Data (2001)Monetary Policy Rules Based o…Monetary Policy Rules Based on Real-Time Data (1998)Monetary Policy Rules Based o…Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory (1998)Monetary Policy Rules and Mac…Monetary Policy and Uncertainty about the Natural Unemployment Rate (1998)Monetary Policy and Uncertain…Does the Fed Act Gradually? A VAR Analysis (1998)Does the Fed Act Gradually? A…Central Banking in Theory and Practice (1998)Central Banking in Theory and…An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version (1998)An Optimization-Based Econome…Monetary Policy Rules in Practice: Some International Evidence (1997)Monetary Policy Rules in Prac…Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Interest rates and the conduct of monetary policy (1991)Interest rates and the conduc…Recursive Methods in Economic Dynamics (1989)Recursive Methods in Economic…The optimal collection of seigniorage (1987)The optimal collection of sei…Interest rate smoothing and price level trend-stationarity (1987)Interest rate smoothing and p…Monetary Policy with Opinionated Markets (2020)Monetary Policy with Opiniona…The Fed, the Bond Market, and Gradualism in Monetary Policy (2018)The Fed, the Bond Market, and…Empirical and policy performance of a forward‐looking monetary model (2009)Empirical and policy performa…Uncertainty and monetary policy (2004)Uncertainty and monetary poli…Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia (2004)Term Structure Evidence on In…Interest-Rate Smoothing: Monetary Policy Inertia or Unobserved Variables? 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Using Judgment in Monetary Policy through Targeting Rules (2003)The Information in Long-Maturity Forward Rates (1987)The federal funds rate and the channels of monetary transmission (1989)Yield Spreads and Interest Rate Movements: A Bird's Eye View (1991)Macroeconomic news and bond market volatility1We thank Walter Toshi Baily, Bob Korajczyk, Jim Poterba, Mark Watson, seminar participants at the University of Chicago, Columbia University, Cornell University, and the University of Montreal, and especially Ludger Hentschel (the referee) for helpful comments. 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. 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References

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  • 1998Does the Fed Act Gradually? A VAR Analysis155 cited
  • 1998Monetary Policy Rules Based on Real-Time Data135 cited
  • 1998Monetary Policy and Uncertainty about the Natural Unemployment Rate129 cited

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  • 2004Interest Rate Reaction Functions and the Taylor Rule in the Euro Area106 cited

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  • 2004Interest-Rate Smoothing: Monetary Policy Inertia or Unobserved Variables?96 cited
  • 2004Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia89 cited
  • 2000Determinacy, Learnability, and Monetary Policy Inertia88 cited
  • 2002Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules82 cited
  • 2004Uncertainty and monetary policy79 cited
  • 2018The Fed, the Bond Market, and Gradualism in Monetary Policy77 cited
  • 2002Are the effects of monetary policy in the euro area greater in recessions than in booms?65 cited
  • 2009Empirical and policy performance of a forward‐looking monetary model53 cited
  • 2020Monetary Policy with Opinionated Markets49 cited
  • 2003Adjustment is Much Slower than You Think49 cited
  • 2001Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia45 cited
  • 2001THE TRANSMISSION OF MONETARY POLICY IN THE EURO AREA: IMPLICATIONS FOR THE EUROPEAN CENTRAL BANK38 cited
  • 2002Optimal Fiscal and Monetary Policy Under Sticky Prices36 cited
  • 2002Monetary Transmission in Diverse Economies35 cited
  • 2003The Implications of Uncertainty for Monetary Policy35 cited