Details about Jeffrey C. Fuhrer

E-mail:
Phone:	617-973-3410
Postal address:	Federal Reserve Bank of Boston 600 Atlantic Avenue Boston, MA 02210
Workplace:	Economic Research, Federal Reserve Bank of Boston, (more information at EDIRC)

Access statistics for papers by Jeffrey C. Fuhrer.

Last updated 2009-09-01. Update your information in the RePEc Author Service.

Short-id: pfu8

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Working Papers

2009

1. Empirical estimates of changing inflation dynamics
   Working Papers, Federal Reserve Bank of Boston

2006

2. Intrinsic and Inherited Inflation Persistence
   MPRA Paper, University Library of Munich, Germany View citations
   Also in Working Papers, Federal Reserve Bank of Boston (2005) View citations
   See also Journal Article in International Journal of Central Banking (2006)

2004

3. Estimating forward looking Euler equations with GMM estimators: an optimal instruments approach
   Working Papers, Federal Reserve Bank of Boston View citations
   See also Journal Article in Proceedings (2005)
4. Eyes on the prize: how did the Fed respond to the stock market?
   Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations
   See also Journal Article in Journal of Monetary Economics (2008)

2002

5. Estimating the Euler equation for output
   Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations
   Also in Working Papers, Federal Reserve Bank of Boston (2002) View citations
   See also Journal Article in Journal of Monetary Economics (2004)

2001

6. Optimal monetary policy in a model with habit formation and explicit tax distortions
   Working Papers, Federal Reserve Bank of Boston

2000

7. OPTIMAL MONETARY POLICY IN A MODEL WITH HABIT FORMATION
   Computing in Economics and Finance 2000, Society for Computational Economics View citations
   Also in Working Papers, Federal Reserve Bank of Boston (2000) View citations

1999

8. Are "deep" parameters stable? the Lucas critique as an empirical hypothesis
   Working Papers, Federal Reserve Bank of Boston View citations
   Also in Computing in Economics and Finance 1999, Society for Computational Economics (1999) View citations

1998

9. An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
   RBA Research Discussion Papers, Reserve Bank of Australia View citations
   Also in Working Papers, Federal Reserve Bank of Boston (1998) View citations
10. Dynamic inconsistencies: counterfactual implications of a class of rational expectations models
    Working Papers, Federal Reserve Bank of Boston View citations
    See also Journal Article in American Economic Review (2002)
11. Risky Habits: On Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of International Economics (2006)

1996

12. Computationally efficient solution and maximum likelihood estimation of nonlinear rational expectation models
    Working Papers, Federal Reserve Bank of Boston View citations
    Also in Computing in Economics and Finance 1997, Society for Computational Economics View citations
13. Towards a compact, empirically verified rational expectations model for monetary policy analysis
    Working Papers, Federal Reserve Bank of Boston
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1997)

1995

14. Modeling long-term nominal interest rates
    Working Papers, Federal Reserve Bank of Boston
15. The [un]importance of forward-looking behavior in price specifications
    Working Papers, Federal Reserve Bank of Boston View citations
    See also Journal Article in Journal of Money, Credit and Banking (1997)

1994

16. Monetary policy when interest rates are bounded at zero
    Working Papers, Federal Reserve Bank of Boston View citations
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1994) View citations
    See also Journal Article in The Review of Economics and Statistics (1997)
17. Optimal monetary policy in a model of overlapping price contracts
    Working Papers, Federal Reserve Bank of Boston View citations

1993

18. Estimating the linear-quadratic inventory model: maximum likelihood versus generalized method of moments
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in Journal of Monetary Economics (1995)
19. Inflation persistence
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in The Quarterly Journal of Economics (1995)
20. Monetary policy and the behavior of long-term interest rates
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations
21. Monetary policy and the behavior of long-term real interest rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in New England Economic Review (1995)

1991

22. Does consumer sentiment affect household spending? If so why?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Software Item (1994)

1989

23. Monetary policy rules and the indicator properties of asset prices
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See also Journal Article in Journal of Monetary Economics (1992)
24. The stability of Wicksell's monetary policy rule
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1988

25. "Animal Spirits" in consumer expectations: filtering the information in consumer survey expectations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
26. Estimating time-varying parameters in a nonlinear multivariate model: inferring changes in expectation behavior over time
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
27. Learning about monetary regime shifts in an overlapping wage contract model
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in Journal of Economic Dynamics and Control (1993)

1987

28. Minimum variance pooling of forecasts at different levels of aggregation
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)

1986

29. A production smoothing model of aggregate inventory behavior with expectation errors generated by model uncertainty
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
30. Information gathering and expectation formation under model uncertainty
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
31. Model uncertainty, expectation formation and shock persistence
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
32. On the information content of consumer survey expectations
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in The Review of Economics and Statistics (1988)

1983

33. Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

Journal Articles

2009

1. A proposal to help distressed homeowners: a government payment-sharing plan
   Public Policy Brief, 2009

2008

2. Eyes on the prize: How did the fed respond to the stock market?
   Journal of Monetary Economics, 2008, 55, (4), 796-805 View citations
   See also Working Paper (2004)
3. Special issue comment on optimal price setting and inflation inertia in a rational expectations model
   Journal of Economic Dynamics and Control, 2008, 32, (8), 2536-2542

2006

4. Intrinsic and Inherited Inflation Persistence
   International Journal of Central Banking, 2006, 2, (3) View citations
   See also Working Paper (2006)
5. Risky Habits: on Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations
   Review of International Economics, 2006, 14, (4), 722-740
   See also Working Paper (1998)

2005

6. Estimating forward-looking Euler equations with GMM estimators: an optimal-instruments approach
   Proceedings, 2005, 87-114 View citations
   See also Working Paper (2004)

2004

7. Empirical and policy performance of a forward-looking monetary model, comments
   Proceedings, 2004, (Mar)
8. Estimating the Euler equation for output
   Journal of Monetary Economics, 2004, 51, (6), 1133-1153 View citations
   See also Working Paper (2002)
9. Issues in economics: what is the cost of deflation?
   Regional Review, 2004, (Q 4 2003 / Q1 2004), 2-5

2003

10. Monetary Policy Shifts and the Stability of Monetary Policy Models
    The Review of Economics and Statistics, 2003, 85, (1), 94-104 View citations

2002

11. Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models
    American Economic Review, 2002, 92, (4), 1013-1028 View citations
    See also Working Paper (1998)
12. The domestic economic outlook
    Conference Series ; [Proceedings], 2002, (Jun)

2000

13. Conference summary
    Conference Series ; [Proceedings], 2000, 845-869
14. Habit Formation in Consumption and Its Implications for Monetary-Policy Models
    American Economic Review, 2000, 90, (3), 367-390 View citations
15. Monetary Policy in a Low-Inflation Environment: Conference Summary
    Journal of Money, Credit and Banking, 2000, 32, (4), 845-69
16. Monetary policy in a low-inflation environment: a conference sponsored by the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, St. Louis, and Minneapolis, and the Board of Governors of the Federal Reserve System, October 18-20, 1999
    Conference Series ; [Proceedings], 2000
17. Near-rationality and inflation in two monetary regimes, comments
    Proceedings, 2000

1999

18. New data on worker flows during business cycles
    New England Economic Review, 1999, (Jul), 49-76 View citations

1998

19. Beyond shocks: what causes business cycles?
    Conference Series ; [Proceedings], 1998, (Jun) View citations
20. Beyond shocks: what causes business cycles? an overview
    Conference Series ; [Proceedings], 1998, (Jun), 1-31 View citations
    Also in New England Economic Review, 1998, (Nov), 3-24 (1998) View citations

1997

21. Central bank independence and inflation targeting: monetary policy paradigms for the next millenium?
    New England Economic Review, 1997, (Jan), 19-36 View citations
22. Inflation/Output Variance Trade-Offs and Optimal Monetary Policy
    Journal of Money, Credit and Banking, 1997, 29, (2), 214-34 View citations
23. Monetary Policy When Interest Rates Are Bounded At Zero
    The Review of Economics and Statistics, 1997, 79, (4), 573-585 View citations
    See also Working Paper (1994)
24. Shifts in the Beveridge Curve, job matching, and labor market dynamics
    New England Economic Review, 1997, (Sep), 3-19 View citations
25. The (Un)Importance of Forward-Looking Behavior in Price Specifications
    Journal of Money, Credit and Banking, 1997, 29, (3), 338-50 View citations
    See also Working Paper (1995)
26. Towards a compact, empirically-verified rational expectations model for monetary policy analysis
    Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), 197-230 View citations
    See also Working Paper (1996)

1996

27. Monetary Policy Shifts and Long-Term Interest Rates
    The Quarterly Journal of Economics, 1996, 111, (4), 1183-1209 View citations
28. Teaching economics
    Regional Review, 1996, (Sum), 5
29. Technology and growth: an overview
    New England Economic Review, 1996, (Nov), 3-25
    Also in Conference Series ; [Proceedings], 1996, (Jun), 1-32 (1996)
30. Technology and growth: conference proceedings
    Conference Series ; [Proceedings], 1996, (Jun)

1995

31. Estimating the linear-quadratic inventory model Maximum likelihood versus generalized method of moments
    Journal of Monetary Economics, 1995, 35, (1), 115-157 View citations
    See also Working Paper (1993)
32. Forward-Looking Behavior and the Stability of a Conventional Monetary Policy Rule
    Journal of Money, Credit and Banking, 1995, 27, (4), 1060-70 View citations
33. Inflation Persistence
    The Quarterly Journal of Economics, 1995, 110, (1), 127-59 View citations
    Also in Proceedings, 1993 (1993) View citations
    Proceedings, 1993, (Mar) (1993) View citations
    See also Working Paper (1993)
34. Monetary Policy Trade-offs and the Correlation between Nominal Interest Rates and Real Output
    American Economic Review, 1995, 85, (1), 219-39 View citations
35. Monetary policy and the behavior of long-term real interest rates
    New England Economic Review, 1995, (Sep), 39-52 View citations
    Also in Proceedings, 1993, (Mar) (1993) View citations
    See also Working Paper (1993)
36. The Phillips curve is alive and well
    New England Economic Review, 1995, (Mar), 41-56 View citations
37. The persistence of inflation and the cost of disinflation
    New England Economic Review, 1995, (Jan), 3-16 View citations

1994

38. A semi-classical model of price-level adjustment a comment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 285-294
39. Does Consumer Sentiment Forecast Household Spending? If So, Why?
    American Economic Review, 1994, 84, (5), 1397-1408 View citations
    See also Software Item (1994)
40. Goals, guidelines and constraints facing monetary policymakers: proceedings of a conference held at North Falmouth, Massachusetts in June 1994
    Conference Series ; [Proceedings], 1994
41. Goals, guidelines, and constraints facing monetary policymakers: an overview
    New England Economic Review, 1994, (Sep), 3-15 View citations
42. Optimal monetary policy and the sacrifice ratio
    Conference Series ; [Proceedings], 1994, 43-84 View citations

1993

43. Commodity prices, the term structure of interest rates, and exchange rates: useful indicators for monetary policy?
    New England Economic Review, 1993, (Nov), 18-32
44. Learning about monetary regime shifts in an overlapping wage contract model
    Journal of Economic Dynamics and Control, 1993, 17, (4), 531-553 View citations
    See also Working Paper (1988)
45. What role does consumer sentiment play in the U.S. macroeconomy?
    New England Economic Review, 1993, (Jan), 32-44 View citations

1992

46. Do consumers behave as the life-cycle/permanent-income theory of consumption predicts?
    New England Economic Review, 1992, (Sep), 3-14 View citations
47. Inferring Changes in Expectation Behavior over Time: An Application of Nonlinear Time-Varying-Parameters Estimation
    Journal of Business & Economic Statistics, 1992, 10, (2), 169-77
48. Monetary policy rules and the indicator properties of asset prices
    Journal of Monetary Economics, 1992, 29, (2), 303-336 View citations
    See also Working Paper (1989)

1991

49. A Multivariate Posterior Odds Approach to Assessing Competing Exchange Rate Models
    The Review of Economics and Statistics, 1991, 73, (1), 113-24

1990

50. The transmission channels of monetary policy: how have they changed?
    Federal Reserve Bulletin, 1990, (Dec), 985-1008 View citations

1988

51. Estimation of time-varying weights on alternative expectations models: An application of non-linear time-varying parameter estimation
    Journal of Economic Dynamics and Control, 1988, 12, (1), 55-61
52. On the Information Content of Consumer Survey Expectations
    The Review of Economics and Statistics, 1988, 70, (1), 140-44 View citations
    See also Working Paper (1986)

Software Items

1994

1. RATS code for Does Consumer Sentiment Forecast Household Spending? If So, Why?
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Working Paper (1991)
   Journal Article in American Economic Review (1994)