Details about Timothy S. Fuerst

Access statistics for papers by Timothy S. Fuerst.

Last updated 2009-10-08. Update your information in the RePEc Author Service.

Short-id: pfu6

Working Papers

2007

1. Inflation persistence, inflation targeting and the Great Moderation
   Working Paper, Federal Reserve Bank of Cleveland

2006

2. Central bank independence and inflation: a note
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in Economic Inquiry (2009)
3. Co-movement in sticky price models with durable goods
   Working Paper, Federal Reserve Bank of Cleveland View citations

2005

4. Oil prices, monetary policy, and counterfactual experiments
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in Journal of Money, Credit and Banking (2006)

2004

5. Asset prices, nominal rigidities, and monetary policy
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in Review of Economic Dynamics (2007)
6. Thinking about monetary policy without money: a review of three books: Inflation Targeting, Monetary Theory and Policy, and Interest and Prices
   Working Paper, Federal Reserve Bank of Cleveland

2003

7. Capital trading, stock trading, and the inflation tax on equity: a note
   Working Paper, Federal Reserve Bank of Cleveland View citations
   See also Journal Article in Review of Economic Dynamics (2003)
8. Comments on backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability
   Working Paper, Federal Reserve Bank of Cleveland
9. 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
   See also Journal Article in Journal of Economic Theory (2006)
10. Investment and interest rate policy: a discrete time analysis
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Economic Theory (2005)

2002

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

2001

12. Learning and the central bank
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Monetary Economics (2004)
13. Monetary policy in a world without perfect capital markets
    Working Paper, Federal Reserve Bank of Cleveland View citations
14. 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)
15. 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)
16. Timing and real indeterminacy in monetary models
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Journal of Monetary Economics (2001)

2000

17. Forward-looking versus backward-looking Taylor rules
    Working Paper, Federal Reserve Bank of Cleveland View citations
18. Monetary shocks, agency costs, and business cycles
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2001)
19. 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)
20. 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

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

1996

22. 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)

1995

23. 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
    See also Journal Article in Journal of Monetary Economics (1995)

1990

24. Liquidity
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science

Journal Articles

2009

1. CENTRAL BANK INDEPENDENCE AND INFLATION: A NOTE
   Economic Inquiry, 2009, 47, (1), 182-186
   See also Working Paper (2006)
2. Inflation Persistence, Monetary Policy, and the Great Moderation
   Journal of Money, Credit and Banking, 2009, 41, (4), 767-786

2008

3. Explaining apparent changes in the Phillips curve: the Great Moderation and monetary policy
   Economic Commentary, 2008, (Feb)
4. Explaining apparent changes in the Phillips curve: trend inflation isn't constant
   Economic Commentary, 2008, (Jan)
5. Inertial Taylor rules: the benefit of signaling future policy
   Review, 2008, (May), 193-203
   Also in Policy Discussion Papers, 2007, (Apr) (2007)

2007

6. Asset Prices, Nominal Rigidities, and Monetary Policy
   Review of Economic Dynamics, 2007, 10, (2), 256-275
   See also Working Paper (2004)

2006

7. Central bank independence: the key to price stability?
   Economic Commentary, 2006, (Sep 1)
8. Does it matter (for equilibrium determinacy) what price index the central bank targets?
   Journal of Economic Theory, 2006, 128, (1), 214-231 View citations
   See also Working Paper (2003)
9. Milton Friedman, teacher, 1912-2006
   Economic Commentary, 2006, (Dec) View citations
10. Oil Prices, Monetary Policy, and Counterfactual Experiments
    Journal of Money, Credit and Banking, 2006, 38, (7), 1945-1958 View citations
    See also Working Paper (2005)

2005

11. Considerable period of time: the case of signaling future policy
    Economic Commentary, 2005, (Nov) View citations
12. Introduction to monetary policy and capital accumulation
    Journal of Economic Theory, 2005, 123, (1), 1-3
13. Investment and interest rate policy: a discrete time analysis
    Journal of Economic Theory, 2005, 123, (1), 4-20 View citations
    See also Working Paper (2003)
14. Oil prices, monetary policy, and the macroeconomy
    Policy Discussion Papers, 2005, (Apr) View citations
    Also in Economic Commentary, 2005, (Jul) (2005) View citations

2004

15. Expected inflation and TIPS
    Economic Commentary, 2004, (Nov) View citations
16. Hyperinflationary Equilibria and Timing: A Note
    Journal of Money, Credit and Banking, 2004, 36, (6), 1115-20
17. Learning and the central bank
    Journal of Monetary Economics, 2004, 51, (2), 327-338 View citations
    See also Working Paper (2001)
18. Thinking about Monetary Policy without Money
    International Finance, 2004, 7, (2), 325-347 View citations

2003

19. Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
    Review of Economic Dynamics, 2003, 6, (4), 987-990
    See also Working Paper (2003)
20. Money Growth Rules and Price Level Determinacy
    Review of Economic Dynamics, 2003, 6, (2), 263-275 View citations
    See also Working Paper (2000)
21. The Taylor rule: a guidepost for monetary policy?
    Economic Commentary, 2003, (Jul)

2002

22. Monetary policy rules and stability: inflation targeting versus price-level targeting
    Economic Commentary, 2002, (Feb 15) View citations
23. Stock prices and output growth: an examination of the credit channel
    Economic Commentary, 2002, (Aug 15)
24. 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

25. Monetary policy and asset prices with imperfect credit markets
    Economic Review, 2001, (Q IV), 51-59 View citations
26. Monetary policy and self-fulfilling expectations: the danger of forecasts
    Economic Review, 2001, (Q I), 9-19 View citations
27. Monetary shocks, agency costs, and business cycles
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 1-27 View citations
    See also Working Paper (2000)
28. Perils of price deflations: an analysis of the Great Depression
    Economic Commentary, 2001, (Feb 15)
29. 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)
30. Timing and real indeterminacy in monetary models
    Journal of Monetary Economics, 2001, 47, (2), 285-298 View citations
    See also Working Paper (2001)

2000

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

1999

32. Forecasts and sunspots: looking back for a better future
    Economic Commentary, 1999, (Nov) View citations
33. Money growth and inflation: does fiscal policy matter?
    Economic Commentary, 1999, (Apr 15) View citations

1998

34. A Note on the Role of Countercyclical Monetary Policy
    Journal of Political Economy, 1998, 106, (4), 860-889 View citations
35. Agency costs and business cycles
    Economic Theory, 1998, 12, (3), 583-597 View citations
36. Some models to guide monetary policymakers: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 43-50

1997

37. 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)
38. Comment on "On the Fit of a Neoclassical Monetary Model in High Inflation: Israel 1972-1990."
    Journal of Money, Credit and Banking, 1997, 29, (4), 755-58
39. Two-Part Trade Policy under Imperfect Competition
    Review of International Economics, 1997, 5, (1), 63-71

1996

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

1995

42. Interest rate rules vs. money growth rules a welfare comparison in a cash-in-advance economy
    Journal of Monetary Economics, 1995, 36, (2), 247-267 View citations
    See also Working Paper (1995)
43. Monetary and Financial Interactions in the Business Cycle
    Journal of Money, Credit and Banking, 1995, 27, (4), 1321-38 View citations
    Also in Proceedings, 1994, 1321-1353 (1994) View citations

1994

44. Monetary Policy and Financial Intermediation
    Journal of Money, Credit and Banking, 1994, 26, (3), 362-76 View citations
45. Optimal Monetary Policy in a Cash-in-Advance Economy
    Economic Inquiry, 1994, 32, (4), 582-96 View citations
46. The availability doctrine
    Journal of Monetary Economics, 1994, 34, (3), 429-443 View citations

1992

47. Liquidity, loanable funds, and real activity
    Journal of Monetary Economics, 1992, 29, (1), 3-24 View citations

1991

48. The Sustainability of Budget Deficits with Lump-Sum and with Income-Based Taxation: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 605-08

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