Details about Charles Carlstrom

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Short-id: pca42

Working Papers

2003

1. Does It Matter (for Equilibrium Determinacy) What Price Index the Central Bank Targets?
   Boston College Working Papers in Economics, Boston College Department of Economics View citations
   Also in Working Paper, Federal Reserve Bank of Cleveland (2002) View citations

2002

2. Imperfect capital markets and nominal wage rigidities
   Working Paper, Federal Reserve Bank of Cleveland View citations

2001

3. Learning and the central bank
   Working Paper, Federal Reserve Bank of Cleveland View citations
4. Monetary policy in a world without perfect capital markets
   Working Paper, Federal Reserve Bank of Cleveland View citations
5. Real indeterminacy in monetary models with nominal interest rate distortions: the problem with inflation targets
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in Review of Economic Dynamics (2001)
6. Taylor rules in a model that satisfies the natural rate hypothesis
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in American Economic Review (2002)
7. Timing and real indeterminacy in monetary models
   Working Paper, Federal Reserve Bank of Cleveland View citations

2000

8. Forward-looking versus backward-looking Taylor rules
   Working Paper, Federal Reserve Bank of Cleveland View citations
9. Monetary shocks, agency costs, and business cycles
   Working Paper, Federal Reserve Bank of Cleveland View citations
10. Money growth rules and price level determinacy
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Review of Economic Dynamics (2003)
11. Optimal Monetary Policy in a Small Open Economy: A General Equilibrium Analysis
    Working Papers Central Bank of Chile, Central Bank of Chile View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1999) View citations
    Working Papers, London School of Economics - Centre for Labour Economics (1999)

1998

12. Price-level and interest-rate targeting in a model with sticky prices
    Working Paper, Federal Reserve Bank of Cleveland View citations

1996

13. Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in American Economic Review (1997)
14. Marginal tax rates and income inequality in a life-cycle model
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in American Economic Review (1999)

1995

15. Computable general-equilibrium models and monetary policy advice
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Money, Credit and Banking (1995)
16. Interest rate rules vs. money growth rules: a welfare comparison in a cash-in-advance economy
    Working Paper, Federal Reserve Bank of Cleveland View citations
17. Marginal tax rates and income inequality: a quantitative-theoretic analysis
    Working Paper, Federal Reserve Bank of Cleveland View citations

1993

18. Loan sales as a response to market-based capital constraints
    Working Paper, Federal Reserve Bank of Cleveland View citations

1992

19. The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?
    Working Paper, Federal Reserve Bank of Cleveland
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992)

1991

20. Bracket creep in the age of indexing: have we solved the problem?
    Working Paper, Federal Reserve Bank of Cleveland View citations
21. Inflation, personal taxes, and real output: a dynamic analysis
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Money, Credit and Banking (1991)
22. Magnification effects and acyclical real wages
    Working Paper, Federal Reserve Bank of Cleveland
23. Zero inflation: transition costs and shoe-leather benefits
    Working Paper, Federal Reserve Bank of Cleveland View citations

1990

24. Inflation and the personal tax code: assessing indexation
    Working Paper, Federal Reserve Bank of Cleveland View citations

1989

25. A two-sector implicit contracting model with procyclical quits and involuntary layoffs
    Working Paper, Federal Reserve Bank of Cleveland

1988

26. Money, inflation and sectoral shifts
    Working Paper, Federal Reserve Bank of Cleveland

1987

27. Monetary policy in an economy with nominal wage contracts
    Working Paper, Federal Reserve Bank of Cleveland
28. Turnover wages and adverse selection
    Working Paper, Federal Reserve Bank of Cleveland

Journal Articles

2003

1. Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
   Review of Economic Dynamics, 2003, 6, (4), 987-990
2. Money Growth Rules and Price Level Determinacy
   Review of Economic Dynamics, 2003, 6, (2), 263-275 View citations
   See also Working Paper (2000)

2002

3. Monetary policy rules and stability: inflation targeting versus price-level targeting
   Economic Commentary, 2002, (Feb 15) View citations
4. Stock prices and output growth: an examination of the credit channel
   Economic Commentary, 2002, (Aug 15)
5. Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis
   American Economic Review, 2002, 92, (2), 79-84 View citations
   See also Working Paper (2001)

2001

6. Monetary policy and asset prices with imperfect credit markets
   Economic Review, 2001, (Q IV), 51-59 View citations
7. Monetary policy and self-fulfilling expectations: the danger of forecasts
   Economic Review, 2001, (Q I), 9-19 View citations
8. Perils of price deflations: an analysis of the Great Depression
   Economic Commentary, 2001, (Feb 15)
9. Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions
   Review of Economic Dynamics, 2001, 4, (4), 767-789 View citations
   See also Working Paper (2001)

2000

10. The fiscal theory of the price level
    Economic Review, 2000, (Q I), 22-32 View citations

1999

11. Forecasts and sunspots: looking back for a better future
    Economic Commentary, 1999, (Nov) View citations
12. Marginal Tax Rates and Income Inequality in a Life-Cycle Model
    American Economic Review, 1999, 89, (5), 1197-1215 View citations
    See also Working Paper (1996)
13. Money growth and inflation: does fiscal policy matter?
    Economic Commentary, 1999, (Apr 15) View citations

1998

14. A Note on the Role of Countercyclical Monetary Policy
    Journal of Political Economy, 1998, 106, (4), 860-889 View citations
15. Agency costs and business cycles
    Economic Theory, 1998, 12, (3), 583-597 View citations
16. Government-subsidized training: a plan for prosperity?
    Economic Commentary, 1998, (May 15)

1997

17. Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis
    American Economic Review, 1997, 87, (5), 893-910 View citations
    See also Working Paper (1996)

1996

18. Interest rate rules for seasonal and business cycles
    Economic Commentary, 1996, (Jul)
19. The benefits of interest rate targeting: a partial and a general equilibrium analysis
    Economic Review, 1996, (Q II), 2-14 View citations

1995

20. A conference on liquidity, monetary policy, and financial intermediation
    Economic Review, 1995, (Q IV), 2-9
21. A monetary policy paradox
    Economic Commentary, 1995, (Aug 15) View citations
22. Absolute priority rule violations in bankruptcy
    Economic Review, 1995, (Q IV), 21-30 View citations
23. Computable General Equilibrium Models and Monetary Policy Advice
    Journal of Money, Credit and Banking, 1995, 27, (4), 1472-93 View citations
    Also in Proceedings, 1994, 1472-1505 (1994)
    See also Working Paper (1995)
24. Liquidity, Monetary Policy, and Financial Intermediation: Introduction
    Journal of Money, Credit and Banking, 1995, 27, (4), 1199-1208

1994

25. The economics of health care reform
    Economic Commentary, 1994, (Sep 15)
26. The government's role in the health care industry: past, present, and future
    Economic Commentary, 1994, (Jun 1)

1993

27. Enterprise liability: a prescription for health care reform?
    Economic Commentary, 1993, (Jul 1)

1992

28. Securitization: more than just a regulatory artifact
    Economic Commentary, 1992, (May 1)

1991

29. Inflation, Personal Taxes, and Real Output: A Dynamic Analysis
    Journal of Money, Credit and Banking, 1991, 23, (3), 547-71 View citations
    Also in Proceedings, 1991, 547-579 (1991) View citations
    See also Working Paper (1991)
30. The effect of war expenditures on U.S. output
    Economic Commentary, 1991, (Feb 15)

1990

31. Does the Fed cause Christmas?
    Economic Commentary, 1990, (Jan 1) View citations

1988

32. Bank runs, deposit insurance, and bank regulation, part I
    Economic Commentary, 1988, (Feb 1)
    Also in Economic Commentary, 1988, (Feb 15) (1988)

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