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Disinflation effects in a medium-scale New Keynesian model: Money supply rule versus interest rate rule
16 references·16 citing·28 second hopsampled
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(2006)Were There Regime Switches in…The Incredible Volcker Disinflation (2005)The Incredible Volcker Disinf…Optimal Monetary Policy with Relative Price Distortions (2005)Optimal Monetary Policy with …Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Nominal Rigidities and the Dy…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…Staggered prices and trend inflation: some nuisances (2004)Staggered prices and trend in…Imperfect credibility and inflation persistence (2003)Imperfect credibility and inf…An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2003)An Estimated Dynamic Stochast…The Science of Monetary Policy: A New Keynesian Perspective (1999)The Science of Monetary Polic…Staggered Prices in a Utility-Maximizing Framework (1996)Staggered Prices in a Utility…What Determines the Sacrifice Ratio? 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The Effect of Union Contract Renewals on Consumption (2016)Accessorizing. The Effect of …The Macroeconomic Effects of the Sovereign Debt Crisis in the Euro Area (2015)The Macroeconomic Effects of …Stock market efficiency in China: Evidence from the split-share reform (2015)Stock market efficiency in Ch…Procyclicality of Credit Rating Systems: How to Manage it (2015)Procyclicality of Credit Rati…How Does Foreign Demand Activate Domestic Value Added? A Comparison Among the Largest Euro-Area Economies (2015)How Does Foreign Demand Activ…Follow the Value Added: Bilateral Gross Export Accounting (2015)Follow the Value Added: Bilat…Random Switching Exponential Smoothing and Inventory Forecasting (2014)Random Switching Exponential …Financial Indicators and Density Forecasts for US Output and Inflation (2014)Financial Indicators and Dens…Behind and Beyond the (Headcount) Employment Rate (2014)Behind and Beyond the (Headco…"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)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)Rules, discretion and reputation in a model of monetary policy (1983)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Econometric policy evaluation: A critique (1976)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)The Macroeconomic Effects of Inflation Targeting (2004)Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE Approach (2005)Changes in the Federal Reserve's Inflation Target: Causes and Consequences (2007)The Role of Monetary Policy (1995)The Impact of Uncertainty Shocks (2009)A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference (2009)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2010)Macroeconomic Shocks and Their Propagation (2016)Time to Build and Aggregate Fluctuations (1982)House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle (2005)Understanding the Effects of Government Spending on Consumption (2007)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Modeling Inflation Dynamics: A Critical Review of Recent Research (2007)
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References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 1996Staggered Prices in a Utility-Maximizing Framework4,369 cited
  • 2003An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area3,519 cited
  • 2006Were There Regime Switches in U.S. Monetary Policy?1,607 cited
  • 2003Imperfect credibility and inflation persistence431 cited
  • 1990Credible Disinflation with Staggered Price Setting366 cited
  • 1993What Determines the Sacrifice Ratio?336 cited
  • 2004Staggered prices and trend inflation: some nuisances309 cited
  • 2005The Incredible Volcker Disinflation296 cited
  • 1985Inflation, debt, and indexation187 cited
  • 2011Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?174 cited
  • 2005Optimal Monetary Policy with Relative Price Distortions

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173 cited

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  • 2014Behind and Beyond the (Headcount) Employment Rate57 cited
  • 2016Domestic and International Macroeconomic Effects of the Eurosystem Expanded Asset Purchase Programme46 cited
  • 2016Accessorizing. The Effect of Union Contract Renewals on Consumption45 cited
  • 2016Labor Force Participation, Wage Rigidities, and Inflation42 cited
  • 2017Short-term inflation forecasting: The M.E.T.A. approach40 cited
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