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Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?
16 references·16 citing·32 second hopsampled
Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy? (2001)Robust monetary policy with misspecified …From ‘Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yield, and Stock Prices in the United States Since 1856’ (2017)From ‘Some Theoretical Proble…Political Economy in Macroeconomics (2000)Political Economy in Macroeco…Robust Permanent Income and Pricing (1999)Robust Permanent Income and P…Optimal Monetary Policy Inertia (1999)Optimal Monetary Policy Inert…Monetary Policy Rules (1999)Monetary Policy RulesPolicy Rules for Open Economies (1998)Policy Rules for Open Economi…Policy Rules for Inflation Targeting (1998)Policy Rules for Inflation Ta…Central Banking in Theory and Practice (1998)Central Banking in Theory and…Staggered Prices in a Utility-Maximizing Framework (1996)Staggered Prices in a Utility…Inflation Persistence (1995)Inflation PersistenceDiscretion versus policy rules in practice (1993)Discretion versus policy rule…Interest rates and the conduct of monetary policy (1991)Interest rates and the conduc…Staggered prices in a utility-maximizing framework (1983)Staggered prices in a utility…Aggregate Dynamics and Staggered Contracts (1980)Aggregate Dynamics and Stagge…Analysis and control of dynamic economic systems (1975)Analysis and control of dynam…Uncertainty and the effectiveness of policy (1967)Uncertainty and the effective…Financial Stability and Optimal Interest-Rate Policy (2016)Financial Stability and Optim…Inflation targeting in a learning economy: An ABM perspective (2013)Inflation targeting in a lear…A DEFENSE OF THE FOMC* (2012)A DEFENSE OF THE FOMC*Robustness and Macroeconomic Policy (2011)Robustness and Macroeconomic …Optimal Monetary Policy with an Uncertain Cost Channel (2009)Optimal Monetary Policy with …Will Monetary Policy Become More of a Science? (2007)Will Monetary Policy Become M…Simple versus optimal rules as guides to policy (2007)Simple versus optimal rules a…Robust optimal monetary policy in a forward‐looking model with parameter and shock uncertainty (2007)Robust optimal monetary polic…Real‐Time Model Uncertainty in the United States: The Fed, 1996–2003 (2007)Real‐Time Model Uncertainty i…Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics (2006)Optimal monetary policy in a …Inflation persistence and robust monetary policy design (2006)Inflation persistence and rob…The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area (2005)The Performance and Robustnes…Optimal Policy Projections (2005)Optimal Policy ProjectionsModel Uncertainty, Optimal Monetary Policy and the Preferences of the Fed (2004)Model Uncertainty, Optimal Mo…Avoiding Nash inflation: Bayesian and robust responses to model uncertainty (2004)Avoiding Nash inflation: Baye…Robust Monetary Policy with Competing Reference Models (2003)Robust Monetary Policy with C…On the Theory of Economic Policy (1952)Economic Forecasts and Policy (1962)Monetary policy and asset prices (2002)Fiscal Policy in a Depressed Economy (2012)Econometric policy evaluation: A critique (1976)Rules, discretion and reputation in a model of monetary policy (1983)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Inflation and Costs of Price Adjustment (1977)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)Some International Evidence on Output-Inflation Tradeoffs. (1973)Time to Build and Aggregate Fluctuations (1982)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Low inflation, pass-through, and the pricing power of firms (2000)Drifts and volatilities: monetary policies and outcomes in the post WWII US (2005)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Democracy and dictatorship revisited (2009)Uncertainty about Government Policy and Stock Prices (2012)Political uncertainty and risk premia (2013)The Science of Monetary Policy: A New Keynesian Perspective (1999)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)One Money, One Market: Estimating the Effect of Common Currencies on Trade (1999)Learning about monetary policy rules (2002)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2010)Prices and unit labor costs: a new test of price stickiness (2002)Are Technology Improvements Contractionary? (2006)Bayesian estimation of an open economy DSGE model with incomplete pass-through (2007)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 1996Staggered Prices in a Utility-Maximizing Framework4,369 cited
  • 1980Aggregate Dynamics and Staggered Contracts2,464 cited
  • 1999Monetary Policy Rules1,705 cited
  • 2000Political Economy in Macroeconomics1,588 cited
  • 1967Uncertainty and the effectiveness of policy1,008 cited
  • 1995Inflation Persistence1,007 cited
  • 1999Optimal Monetary Policy Inertia998 cited
  • 1998Central Banking in Theory and Practice984 cited
  • 1975Analysis and control of dynamic economic systems792 cited
  • 1998Policy Rules for Inflation Targeting656 cited
  • 2017From ‘Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yield, and Stock Prices in the United States Since 1856’504 cited
  • 1999Robust Permanent Income and Pricing476 cited
  • 1991Interest rates and the conduct of monetary policy464 cited
  • 1998Policy Rules for Open Economies462 cited

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Cited by

  • 2016Financial Stability and Optimal Interest-Rate Policy106 cited
  • 2007Will Monetary Policy Become More of a Science?94 cited
  • 2007Robust optimal monetary policy in a forward‐looking model with parameter and shock uncertainty90 cited
  • 2003Robust Monetary Policy with Competing Reference Models79 cited
  • 2013Inflation targeting in a learning economy: An ABM perspective70 cited
  • 2006Inflation persistence and robust monetary policy design67 cited
  • 2012A DEFENSE OF THE FOMC*66 cited
  • 2005Optimal Policy Projections65 cited
  • 2006Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics62 cited
  • 2007Simple versus optimal rules as guides to policy46 cited
  • 2009Optimal Monetary Policy with an Uncertain Cost Channel44 cited
  • 2011Robustness and Macroeconomic Policy43 cited
  • 2004Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed42 cited
  • 2005The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area42 cited
  • 2007Real‐Time Model Uncertainty in the United States: The Fed, 1996–200339 cited
  • 2004Avoiding Nash inflation: Bayesian and robust responses to model uncertainty38 cited