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What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
5 references·16 citing·38 second hop
What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)What Is Wrong with Taylor Rules? Using Ju…The Science of Monetary Policy: A New Keynesian Perspective (1999)The Science of Monetary Polic…Monetary Theory and Policy (1999)Monetary Theory and PolicyA Positive Theory of Monetary Policy in a Natural Rate Model (1983)A Positive Theory of Monetary…Analysis and control of dynamic economic systems (1975)Analysis and control of dynam…On the Theory of Economic Policy (1952)On the Theory of Economic Pol…Monetary Policy Rules in Emerging Countries: Is There an Augmented Nonlinear Taylor Rule? (2016)Monetary Policy Rules in Emer…Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy (2013)Aggregate Supply in the Unite…The Limits of Transparency (2009)The Limits of TransparencyDoes Central Bank Communication Really Lead to Better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB (2009)Does Central Bank Communicati…The Taylor Rule: A Spurious Regression?* (2008)The Taylor Rule: A Spurious R…New consensus macroeconomics and inflation targeting: Keynesian critique (2008)New consensus macroeconomics …Expectations, Learning and Monetary Policy: An Overview of Recent Research (2008)Expectations, Learning and Mo…Estimation of Monetary Policy Preferences in a Forward-Looking Model: A Bayesian Approach (2008)Estimation of Monetary Policy…Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence (2008)Central Bank Communication an…A critical reconsideration of the foundations of monetary policy in the new consensus macroeconomics framework (2008)A critical reconsideration of…OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS (2007)OPTIMAL POLICY IN RATIONAL EX…Optimal monetary policy in the euro area in the presence of heterogeneity (2007)Optimal monetary policy in th…Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? (2007)Asset Prices, Financial Imbal…Adaptive Learning, Persistence, and Optimal Monetary Policy (2006)Adaptive Learning, Persistenc…Monetary Policy Inertia: Fact or Fiction? (2005)Monetary Policy Inertia: Fact…Performance of monetary policy with internal central bank forecasting (2004)Performance of monetary polic…Discretion versus policy rules in practice (1993)The Science of Monetary Policy: A New Keynesian Perspective (1999)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks (2012)Monetary Policy Expectations at the Zero Lower Bound (2016)The systematic component of monetary policy in SVARs: An agnostic identification procedure (2018)The Dynamic Effects of Aggregate Demand and Supply Disturbances (1988)This Time Is Different (2009)Labor Force Participation: Recent Developments and Future Prospects (2014)Productivity and Potential Output Before, During, and After the Great Recession (2014)The permanent effects of fiscal consolidations (2017)A Contribution to the Theory of Economic Growth (1956)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Inflation targeting as a monetary policy rule (1999)Term structure evidence on interest rate smoothing and monetary policy inertia (2002)A Unified Framework for Monetary Theory and Policy Analysis (2005)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)The Response of Firms' Investment and Financing to Adverse Cash Flow Shocks: The Role of Bank Relationships (2006)Top-Down versus Bottom-Up Macroeconomics (2010)Booms and busts in economic activity: A behavioral explanation (2012)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Memories of high inflation (2011)Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand (2015)Communication and the Beliefs of Economic Agents (2020)Dynamic optimal taxation, rational expectations and optimal control (1980)Effect Analysis and Causation in Linear Structural Equation Models (1990)Production, Growth and Business Cycles: Technical Appendix (2002)Uncertainty and the effectiveness of policy (1967)Agency for International Development (1978)Reconceptualising the ‘policy mix’ for innovation (2011)Rules, discretion and reputation in a model of monetary policy (1983)Varieties of Capitalism (2001)Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model (2010)Interest rates, distribution and capital accumulation – A post-Kaleckian perspective on the US and Germany (2011)Monetary Policy and Economic Growth: A Review of International Literature (2018)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2002)Asset Prices, Financial and Monetary Stability: Exploring the Nexus (2005)
this work references cited by second hop

References

  • 1983A Positive Theory of Monetary Policy in a Natural Rate Model2,212 cited
  • 1999Monetary Theory and Policy1,690 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective1,135 cited
  • 1952On the Theory of Economic Policy1,076 cited
  • 1975Analysis and control of dynamic economic systems792 cited

Cited by

  • 2005Monetary Policy Inertia: Fact or Fiction?186 cited
  • 2013Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy159 cited
  • 2008Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence143 cited
  • 2008A critical reconsideration of the foundations of monetary policy in the new consensus macroeconomics framework139 cited
  • 2006Adaptive Learning, Persistence, and Optimal Monetary Policy132 cited
  • 2007Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?109 cited
  • 2016Monetary Policy Rules in Emerging Countries: Is There an Augmented Nonlinear Taylor Rule?95 cited
  • 2009The Limits of Transparency90 cited
  • 2008Estimation of Monetary Policy Preferences in a Forward-Looking Model: A Bayesian Approach79 cited
  • 2007

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OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS
78 cited
  • 2007Optimal monetary policy in the euro area in the presence of heterogeneity74 cited
  • 2008New consensus macroeconomics and inflation targeting: Keynesian critique70 cited
  • 2009Does Central Bank Communication Really Lead to Better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB70 cited
  • 2008The Taylor Rule: A Spurious Regression?*69 cited
  • 2008Expectations, Learning and Monetary Policy: An Overview of Recent Research69 cited
  • 2004Performance of monetary policy with internal central bank forecasting66 cited