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A Sufficient Statistics Approach for Macro Policy
16 references·2 citing·41 second hop
A Sufficient Statistics Approach for Macro Policy (2023)A Sufficient Statistics Approach for Macr…Local Projections and VARs Estimate the Same Impulse Responses (2021)Local Projections and VARs Es…Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments (2018)Identification and Estimation…Macroeconomic Shocks and Their Propagation (2016)Macroeconomic Shocks and Thei…The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States (2013)The Dynamic Effects of Person…International Journal of Central Banking (2012)International Journal of Cent…Large Bayesian vector auto regressions (2009)Large Bayesian vector auto re…Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Shocks and Frictions in US Bu…What are the effects of monetary policy on output? Results from an agnostic identification procedure (2005)What are the effects of monet…What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)What Is Wrong with Taylor Rul…Macroeconomic Forecasting Using Diffusion Indexes (2002)Macroeconomic Forecasting Usi…Monetary policy surprises and interest rates: Evidence from the Fed funds futures market (2001)Monetary policy surprises and…Inflation targeting as a monetary policy rule (1999)Inflation targeting as a mone…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Macroeconomics and Reality (1980)Macroeconomics and RealityRules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Econometric policy evaluation: A critique (1976)Econometric policy evaluation…Fiscal and Monetary Policy with Heterogeneous Agents (2025)Fiscal and Monetary Policy wi…Local Projections (2024)Local ProjectionsThe Dynamic Effects of Aggregate Demand and Supply Disturbances (1988)A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables (2003)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Understanding the Effects of Government Spending on Consumption (2007)Pitfalls in Financial Model-Building (1968)Conditional logit analysis of qualitative choice behavior (1972)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Time to Build and Aggregate Fluctuations (1982)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Generalized impulse response analysis in linear multivariate models (1998)Forecasting Using Principal Components From a Large Number of Predictors (2002)Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure (2006)Measuring Uncertainty (2015)A Theory of the Consumption Function (1960)Some International Evidence on Output-Inflation Tradeoffs. (1973)The Role of Monetary Policy (1995)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Does Culture Affect Economic Outcomes? (2006)Rules, discretion and reputation in a model of monetary policy (1983)Estimation and Inference of Impulse Responses by Local Projections (2005)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)Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Optimal Monetary Policy Inertia (1999)Monetary Policy and Asset Price Volatility (2000)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Term structure evidence on interest rate smoothing and monetary policy inertia (2002)The Science of Monetary Policy: A New Keynesian Perspective (1999)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)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)Real-Time Measurement of Business Conditions (2009)Fiscal Stimulus in a Monetary Union: Evidence from US Regions (2014)FRED-MD: A Monthly Database for Macroeconomic Research (2015)Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements (2004)High Frequency Identification of Monetary Non-Neutrality: The Information Effect (2013)Monetary Policy Surprises, Credit Costs, and Economic Activity (2015)
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References

  • 1980Macroeconomics and Reality12,826 cited
  • 1993Discretion versus policy rules in practice9,059 cited
  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1976Econometric policy evaluation: A critique6,104 cited
  • 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach4,628 cited
  • 2002Macroeconomic Forecasting Using Diffusion Indexes2,550 cited
  • 2005What are the effects of monetary policy on output? Results from an agnostic identification procedure2,303 cited
  • 2001Monetary policy surprises and interest rates: Evidence from the Fed funds futures market2,054 cited
  • 2012International Journal of Central Banking1,258 cited
  • 1999Inflation targeting as a monetary policy rule1,166 cited
  • 2009Large Bayesian vector auto regressions1,158 cited
  • 2016Macroeconomic Shocks and Their Propagation1,100 cited
  • 2013The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States1,022 cited
  • 2021Local Projections and VARs Estimate the Same Impulse Responses738 cited
  • 2003What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules703 cited

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  • 2018Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments654 cited
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    • 2024Local Projections23 cited
    • 2025Fiscal and Monetary Policy with Heterogeneous Agents11 cited