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Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model
16 references·16 citing·32 second hopsampled
Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model (2011)Optimal Monetary Policy in an Operational…Introducing financial frictions and unemployment into a small open economy model (2011)Introducing financial frictio…Firm-specific capital, nominal rigidities and the business cycle (2010)Firm-specific capital, nomina…Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Shocks and Frictions in US Bu…On the Fit of New Keynesian Models (2007)On the Fit of New Keynesian M…Evaluating an estimated new Keynesian small open economy model (2007)Evaluating an estimated new K…Bayesian estimation of an open economy DSGE model with incomplete pass-through (2007)Bayesian estimation of an ope…Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Nominal Rigidities and the Dy…Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models (2005)Monetary Policy Under Uncerta…THE REAL-INTEREST-RATE GAP AS AN INFLATION INDICATOR (2003)THE REAL-INTEREST-RATE GAP AS…An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)An Estimated Dynamic Stochast…Solving Linear Rational Expectations Models (2002)Solving Linear Rational Expec…Optimal monetary policy with staggered wage and price contracts (2000)Optimal monetary policy with …Solution and estimation of RE macromodels with optimal policy (1999)Solution and estimation of RE…Staggered Prices in a Utility-Maximizing Framework (1996)Staggered Prices in a Utility…International Policy Coordination in Dynamic Macroeconomic Models (1984)International Policy Coordina…Staggered prices in a utility-maximizing framework (1983)Staggered prices in a utility…Asymmetric monetary policy rules for the euro area and the US (2021)Asymmetric monetary policy ru…Central bank losses and monetary policy rules: A DSGE investigation (2019)Central bank losses and monet…External shocks, financial volatility and reserve requirements in an open economy (2018)External shocks, financial vo…Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense? (2018)Designing a Simple Loss Funct…Financial shocks, financial stability, and optimal Taylor rules (2017)Financial shocks, financial s…How Credible Is the Federal Reserve? A Structural Estimation of Policy Re-Optimizations (2016)How Credible Is the Federal R…Challenges for Central Banks’ Macro Models (2016)Challenges for Central Banks’…Monetary policy and commodity terms of trade shocks in emerging market economies (2015)Monetary policy and commodity…The Influence of the Taylor Rule on US Monetary Policy (2013)The Influence of the Taylor R…Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy (2013)Aggregate Supply in the Unite…Optimal Fiscal Feedback On Debt In an Economy with Nominal Rigidities (2011)Optimal Fiscal Feedback On De…Measuring Potential Growth with an Estimated DSGE Model of Japan's Economy (2010)Measuring Potential Growth wi…Inflation Targeting (2010)Inflation TargetingEvaluating Monetary Policy (2009)Evaluating Monetary PolicyAnticipated Alternative Instrument-Rate Paths in Policy Simulations (2009)Anticipated Alternative Instr…Communicating monetary policy intentions: The case of Norges Bank (2008)Communicating monetary policy…The Solution of Linear Difference Models under Rational Expectations (1980)Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle (2002)Generalizing the Taylor Principle (2007)Identification in Macroeconomics (2018)Discretion versus policy rules in practice (1993)The General Theory of Employment, Interest, and Money (2018)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Inflation and Costs of Price Adjustment (1977)Aggregate Dynamics and Staggered Contracts (1980)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)Time to Build and Aggregate Fluctuations (1982)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)Investment shocks and the relative price of investment (2010)Ambiguous Business Cycles (2014)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)The general equilibrium effects of fiscal policy: Estimates for the Euro area (2008)Trend Inflation, Indexation, and Inflation Persistence in the New Keynesian Phillips Curve (2008)The Econometrics of DSGE Models (2009)The Science of Monetary Policy: A New Keynesian Perspective (1999)New Keynesian versus old Keynesian government spending multipliers (2010)Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates (2014)The Role of Monetary Policy (1995)Estimation and Inference of Impulse Responses by Local Projections (2005)The Impact of Uncertainty Shocks (2009)A model of unconventional monetary policy (2010)Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)When Is the Government Spending Multiplier Large? (2011)House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle (2005)Understanding the Effects of Government Spending on Consumption (2007)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)
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References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach4,628 cited
  • 1996Staggered Prices in a Utility-Maximizing Framework4,369 cited
  • 2003An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area3,519 cited
  • 2000Optimal monetary policy with staggered wage and price contracts2,281 cited
  • 2002Solving Linear Rational Expectations Models1,104 cited
  • 2007Bayesian estimation of an open economy DSGE model with incomplete pass-through852 cited
  • 2010Firm-specific capital, nominal rigidities and the business cycle591 cited
  • 2007On the Fit of New Keynesian Models509 cited
  • 1999Solution and estimation of RE macromodels with optimal policy404 cited
  • 2007Evaluating an estimated new Keynesian small open economy model379 cited
  • 2011Introducing financial frictions and unemployment into a small open economy model349 cited
  • 2005Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models273 cited
  • 2003THE REAL-INTEREST-RATE GAP AS AN INFLATION INDICATOR

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250 cited
  • 1984International Policy Coordination in Dynamic Macroeconomic Models241 cited
  • Cited by

    • 2016Challenges for Central Banks’ Macro Models106 cited
    • 2018Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?89 cited
    • 2011Optimal Fiscal Feedback On Debt In an Economy with Nominal Rigidities80 cited
    • 2018External shocks, financial volatility and reserve requirements in an open economy61 cited
    • 2009Anticipated Alternative Instrument-Rate Paths in Policy Simulations50 cited
    • 2010Inflation Targeting50 cited
    • 2009Evaluating Monetary Policy48 cited
    • 2013Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy46 cited
    • 2017Financial shocks, financial stability, and optimal Taylor rules44 cited
    • 2021Asymmetric monetary policy rules for the euro area and the US42 cited
    • 2010Measuring Potential Growth with an Estimated DSGE Model of Japan's Economy41 cited
    • 2015Monetary policy and commodity terms of trade shocks in emerging market economies40 cited
    • 2008Communicating monetary policy intentions: The case of Norges Bank40 cited
    • 2016How Credible Is the Federal Reserve? A Structural Estimation of Policy Re-Optimizations37 cited
    • 2013The Influence of the Taylor Rule on US Monetary Policy36 cited
    • 2019Central bank losses and monetary policy rules: A DSGE investigation31 cited