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Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?
16 references·6 citing·44 second hop
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this work references cited by second hop

References

  • 1980Macroeconomics and Reality12,826 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence3,581 cited
  • 1999Monetary Policy Rules1,705 cited
  • 1997Inflation forecast targeting: Implementing and monitoring inflation targets1,666 cited
  • 2001Robust Control and Model Uncertainty1,349 cited
  • 1999Inflation targeting as a monetary policy rule1,166 cited
  • 2003What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules703 cited
  • 1988Robustness properties of a rule for monetary policy653 cited
  • 2004Monetary theory and policy553 cited
  • 1997Issues in the Design of Monetary Policy Rules496 cited
  • 1999Nominal income targeting in an open-economy optimizing model493 cited
  • 1997An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis466 cited
  • 2004The Inflation-Targeting Debate418 cited
  • 1997Inflation Forecasts and Monetary Policy413 cited
  • 2003Monetary Theory and Policy, 2nd Edition

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298 cited

Cited by

  • 2007Monetary Policy Rules in a New Keynesian Euro Area Model34 cited
  • 2009Monetary Policy, Determinacy, and Learnability in a Two‐Block World Economy33 cited
  • 2010An experimental test of Taylor-type rules with inexperienced central bankers29 cited
  • 2005The Effectiveness of Monetary Policy23 cited
  • 2005The Effectiveness of Monetary Policy21 cited
  • 2014Monetary policy challenges: how central banks changed their modus operandi16 cited