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The Optimal Design of Interest Rate Target Changes
16 references·3 citing·46 second hop
The Optimal Design of Interest Rate Target Changes (2004)The Optimal Design of Interest Rate Targe…The Art of Smooth Pasting (2013)The Art of Smooth PastingBrownian Motion and Stochastic Calculus (2007)Brownian Motion and Stochasti…Monetary policy evaluation with noisy information (2003)Monetary policy evaluation wi…Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence (2000)Interest-rate smoothing and o…Optimal Monetary Policy Inertia (1999)Optimal Monetary Policy Inert…Uncertainty, Learning, and Gradual Monetary Policy (1998)Uncertainty, Learning, and Gr…Testing Continuous-Time Models of the Spot Interest Rate (1996)Testing Continuous-Time Model…Testing Continuous-Time Models of the Spot Interest Rate (1995)Testing Continuous-Time Model…Nonparametric Pricing of Interest Rate Derivative Securities (1995)Nonparametric Pricing of Inte…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…Interest rate smoothing and price level trend-stationarity (1987)Interest rate smoothing and p…Monetary mystique: Secrecy and central banking (1986)Monetary mystique: Secrecy an…Impulse Control of Brownian Motion (1983)Impulse Control of Brownian M…Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time (1978)Existence of Optimal Simple P…THE POWER OF THE FEDERAL RESERVE CHAIR (2022)THE POWER OF THE FEDERAL RESE…The Dynamic (In)efficiency of Monetary Policy by Committee (2009)The Dynamic (In)efficiency of…Interest Rate Smoothing in New Zealand and Other Dollar Bloc Countries (2002)Interest Rate Smoothing in Ne…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

  • 2007Brownian Motion and Stochastic Calculus7,421 cited
  • 1999Optimal Monetary Policy Inertia998 cited
  • 1996Testing Continuous-Time Models of the Spot Interest Rate923 cited
  • 1995Nonparametric Pricing of Interest Rate Derivative Securities546 cited
  • 1991Interest rates and the conduct of monetary policy464 cited
  • 2013The Art of Smooth Pasting423 cited
  • 2000Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence393 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure373 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure356 cited
  • 1986Monetary mystique: Secrecy and central banking321 cited
  • 2003Monetary policy evaluation with noisy information310 cited
  • 1983Impulse Control of Brownian Motion234 cited
  • 1978Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time186 cited
  • 1987Interest rate smoothing and price level trend-stationarity161 cited
  • 1995Testing Continuous-Time Models of the Spot Interest Rate138 cited

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1998
Uncertainty, Learning, and Gradual Monetary Policy
117 cited

Cited by

  • 2002Interest Rate Smoothing in New Zealand and Other Dollar Bloc Countries14 cited
  • 2009The Dynamic (In)efficiency of Monetary Policy by Committee13 cited
  • 2022THE POWER OF THE FEDERAL RESERVE CHAIR10 cited