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Rules versus Discretion: A Reconsideration
16 references·5 citing·44 second hop
Rules versus Discretion: A Reconsideration (2016)Rules versus Discretion: A ReconsiderationThe Optimal Degree of Discretion in Monetary Policy (2005)The Optimal Degree of Discret…A HISTORY OF THE FEDERAL RESERVE (2005)A HISTORY OF THE FEDERAL RESE…What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)What Is Wrong with Taylor Rul…The Zero Bound on Interest Rates and Optimal Monetary Policy (2003)The Zero Bound on Interest Ra…A History of the Federal Reserve, Volume 1 (2002)A History of the Federal Rese…Inflation forecast targeting: Implementing and monitoring inflation targets (1997)Inflation forecast targeting:…In‡ation Forecast Targeting: Implementing and Monitoring In‡ation Targets (1996)In‡ation Forecast Targeting: …Optimal contracts for central bankers (1995)Optimal contracts for central…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Bayesian Models in Economic Theory. (1985)Bayesian Models in Economic T…Monetary Policy Games and the Role of Private Information (1984)Monetary Policy Games and the…On The Theory of Delegation (1980)On The Theory of DelegationA Modigliani-Miller Theorem for Open-Market Operations (1979)A Modigliani-Miller Theorem f…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…What Did We Learn from the Monetary Experience of the United States in the Great Depression? (1968)What Did We Learn from the Mo…Uncertainty and the effectiveness of policy (1967)Uncertainty and the effective…Bank Supervision (2022)Bank SupervisionPractical policy evaluation (2019)Practical policy evaluationThe Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information (2018)The Optimal Degree of Monetar…Permanent versus Temporary Monetary Base Injections: Implications for Past and Future Fed Policy (2017)Permanent versus Temporary Mo…The Signaling Effect of Raising Inflation (2016)The Signaling Effect of Raisi…On the Theory of Economic Policy (1952)Economic Forecasts and Policy (1962)Central Banking in Theory and Practice (1998)Monetary policy and asset prices (2002)Fiscal Policy in a Depressed Economy (2012)Long-term contracting, sticky prices, and monetary policy (1977)Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule (1977)The Unstable EMS (1993)The Gold Standard as a “Good Housekeeping Seal of Approval” (1996)Transparency and Credibility: Monetary Policy With Unobservable Goals (2001)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Rethinking Macroeconomic Policy (2010)Simple Analytics of the Government Expenditure Multiplier (2011)Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others (2003)The quest for prosperity without inflation (2003)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Great Expectations and the End of the Depression (2008)Banks as patient fixed-income investors (2015)A Monetary History of the United States, 1867-1960 (2017)Econometric policy evaluation: A critique (1976)Macroeconomics and Reality (1980)Central Bank Transparency (2002)Monetary rules for small, open, emerging economies (2003)Fiscal Policy: Institutions versus Rules (2005)Rules, discretion and reputation in a model of monetary policy (1983)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)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Monetary Policy and Asset Price Volatility (2000)Open-Economy Inflation Targeting (2000)Monetary Policy Rules Based on Real-Time Data (2001)Inflation Targeting: A New Framework for Monetary Policy? (1997)Optimal Monetary Policy Inertia (1999)The Consequences of the Dependence of Quality on Price (1987)Methods of Policy Accommodation at the Interest-Rate Lower Bound (2012)The Macroeconomic Effects of Large‐scale Asset Purchase Programmes (2012)
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1997Inflation forecast targeting: Implementing and monitoring inflation targets1,666 cited
  • 1995Optimal contracts for central bankers1,131 cited
  • 1967Uncertainty and the effectiveness of policy1,008 cited
  • 2003The Zero Bound on Interest Rates and Optimal Monetary Policy854 cited
  • 2003What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules703 cited
  • 2005A HISTORY OF THE FEDERAL RESERVE643 cited
  • 1979A Modigliani-Miller Theorem for Open-Market Operations476 cited
  • 1984Monetary Policy Games and the Role of Private Information440 cited
  • 1985Bayesian Models in Economic Theory.414 cited
  • 2002A History of the Federal Reserve, Volume 1272 cited
  • 1996In‡ation Forecast Targeting: Implementing and Monitoring In‡ation Targets225 cited
  • 1980On The Theory of Delegation181 cited
  • 2005The Optimal Degree of Discretion in Monetary Policy178 cited
  • 1968What Did We Learn from the Monetary Experience of the United States in the Great Depression?

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88 cited

Cited by

  • 2022Bank Supervision20 cited
  • 2017Permanent versus Temporary Monetary Base Injections: Implications for Past and Future Fed Policy13 cited
  • 2016The Signaling Effect of Raising Inflation13 cited
  • 2019Practical policy evaluation11 cited
  • 2018The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information11 cited