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Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?
16 references·7 citing·43 second hop
Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal? (2005)Inflation targeting and nominal-income-gr…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)What Is Wrong with Taylor Rul…Price Stability in Open Economies (2003)Price Stability in Open Econo…Interest and prices : foundations of a theory of monetary policy (2003)Interest and prices : foundat…Avoiding Liquidity Traps (2002)Avoiding Liquidity TrapsWelfare and Macroeconomic Interdependence (2001)Welfare and Macroeconomic Int…Optimal monetary policy with staggered wage and price contracts (2000)Optimal monetary policy with …Nominal income targeting in an open-economy optimizing model (1999)Nominal income targeting in a…New Directions for Stochastic Open Economy Models (1999)New Directions for Stochastic…Risk and Exchange Rates (1998)Risk and Exchange RatesIs the Price Level Determined by the Needs of Fiscal Solvency? (1998)Is the Price Level Determined…Interest-Rate Rules in an Estimated Sticky Price Model (1998)Interest-Rate Rules in an Est…The New Neoclassical Synthesis and the Role of Monetary Policy (1997)The New Neoclassical Synthesi…An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)An Optimization-Based Econome…Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Equilibria under ‘active’ and…Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model (1970)Optimal Choice of Monetary Po…Nominal GDP targeting, real economic activity and inflation stabilization in a new Keynesian framework (2020)Nominal GDP targeting, real e…Time Series Analysis of Inflation Targeting in Selected Countries (2007)Time Series Analysis of Infla…Monetary Policy and Natural Disasters in a DSGE Model: How Should the Fed Have Responded to Hurricane Katrina? (2007)Monetary Policy and Natural D…Evaluating Inflation Targeting Using a Macroeconometric Model (2007)Evaluating Inflation Targetin…Optimal Taxation in an RBC Model: A Linear-Quadratic Approach (2005)Optimal Taxation in an RBC Mo…Is Inflation Targeting Best-Practice Monetary Policy? (2004)Is Inflation Targeting Best-P…Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation (2003)Welfare Effects of Tax Policy…Discretion versus policy rules in practice (1993)Staggered Prices in a Utility-Maximizing Framework (1996)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)The General Theory of Employment, Interest, and Money (2018)Econometric policy evaluation: A critique (1976)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Monetary policy and price level determinacy in a cash-in-advance economy (1994)The Role of Monetary Policy (1995)Monetary Policy and Multiple Equilibria (2001)Monetary Policy as Financial Stability Regulation (2012)Expectations and Exchange Rate Dynamics (1976)Exchange Rate Dynamics Redux (1995)Optimal monetary policy in a currency area (2003)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)International Risk Sharing and the Transmission of Productivity Shocks (2008)The Quarterly Journal of Economics (2024)Macroeconomics and Reality (1980)Central Bank Transparency (2002)Monetary rules for small, open, emerging economies (2003)Fiscal Policy: Institutions versus Rules (2005)The federal funds rate and the channels of monetary transmission (1989)Zero Bound on Interest Rates and Optimal Monetary Policy (2003)Some Evidence on the Importance of Sticky Prices (2004)Understanding the Effects of Government Spending on Consumption (2007)Rules, discretion and reputation in a model of monetary policy (1983)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)Goods Prices and Exchange Rates: What Have We Learned? (1996)The Purchasing Power Parity Puzzle (1996)A Simple Framework for International Monetary Policy Analysis (2002)Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility (2003)Balance Sheets and Exchange Rate Policy (2004)Central Banking in Theory and Practice (1998)Asset prices and central bank policy (2000)To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth (2003)Real Wage Rigidities and the New Keynesian Model (2007)Learning from Inflation Experiences * (2015)U.S. Monetary Policy and the Global Financial Cycle (2020)Inflation targeting as a monetary policy rule (1999)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2010)
this work references cited by second hop

References

  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 2000Optimal monetary policy with staggered wage and price contracts2,281 cited
  • 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy2,077 cited
  • 1991Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies2,069 cited
  • 1970Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model1,297 cited
  • 2003Interest and prices : foundations of a theory of monetary policy1,275 cited
  • 1997The New Neoclassical Synthesis and the Role of Monetary Policy1,233 cited
  • 1999New Directions for Stochastic Open Economy Models884 cited
  • 2001Welfare and Macroeconomic Interdependence732 cited
  • 2003What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules703 cited
  • 1998Interest-Rate Rules in an Estimated Sticky Price Model562 cited
  • 1999Nominal income targeting in an open-economy optimizing model493 cited
  • 2003Price Stability in Open Economies422 cited
  • 1998Is the Price Level Determined by the Needs of Fiscal Solvency?408 cited
  • 1998Risk and Exchange Rates403 cited

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  • 2002Avoiding Liquidity Traps380 cited
  • Cited by

    • 2005Optimal Taxation in an RBC Model: A Linear-Quadratic Approach76 cited
    • 2003Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation36 cited
    • 2007Time Series Analysis of Inflation Targeting in Selected Countries25 cited
    • 2004Is Inflation Targeting Best-Practice Monetary Policy?15 cited
    • 2007Monetary Policy and Natural Disasters in a DSGE Model: How Should the Fed Have Responded to Hurricane Katrina?14 cited
    • 2020Nominal GDP targeting, real economic activity and inflation stabilization in a new Keynesian framework13 cited
    • 2007Evaluating Inflation Targeting Using a Macroeconometric Model13 cited