Details about Marvin Goodfriend

E-mail:
Homepage:	http://public.tepper.cmu.edu/facultydirectory/FacultyDirectoryProfile.aspx?id=239
Phone:	412 268 8459
Postal address:	Professor Marvin Goodfriend Tepper School of Business Carnegie Mellon University 5000 Forbes Avenue Pittsburgh, PA. 15213
Workplace:	Department of Economics, Tepper School of Business Administration, Carnegie Mellon University, (more information at EDIRC)

Access statistics for papers by Marvin Goodfriend.

Last updated 2009-04-15. Update your information in the RePEc Author Service.

Short-id: pgo19

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Jump to Journal Articles Books Chapters

Working Papers

2009

1. The Great Inflation Drift
   NBER Working Papers, National Bureau of Economic Research, Inc

2007

2. Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Monetary Economics (2007)
3. Elements of Effective Central Banking: Theory, Practice, and History
   Working Papers, esocialsciences.com
4. How the World Achieved Consensus on Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Economic Perspectives (2007)
5. International Adjustment in the New Neoclassical Synthesis
   Kiel Working Papers, Kiel Institute for the World Economy
6. Monetary Policy in East Asia: Common Concerns
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations

2006

7. A Framework for Independent Monetary Policy in China
   IMF Working Papers, International Monetary Fund View citations
   See also Journal Article in CESifo Economic Studies (2007)

2005

8. The Incredible Volcker Disinflation
   Boston University - Department of Economics - Macroeconomics Working Papers Series, Boston University - Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
   See also Journal Article in Journal of Monetary Economics (2005)

2003

9. Inflation Targeting in the United States?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Chapter (2004)

2001

10. Financial stability, deflation, and monetary policy
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Monetary and Economic Studies (2001)
11. The Case for Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Richmond (2001) View citations

2000

12. Overcoming the zero bound on interest rate policy
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Journal of Money, Credit and Banking (2000)

1999

13. Industrial development and the convergence question
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article in American Economic Review (1998)
14. Limited commitment and central bank lending
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Economic Quarterly (1999)
15. The role of a regional bank in a system of central banks
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Economic Quarterly (2000)

1998

16. External vs. internal learning-by-doing in an R&D based growth model
    Working Paper, Federal Reserve Bank of Richmond View citations
17. The new neoclassical synthesis and the role of monetary policy
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Chapter (1997)

1997

18. A framework for the analysis of moderate inflations
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Journal of Monetary Economics (1997)

1994

19. Early development
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article in American Economic Review (1995)

1991

20. Information-aggregation bias
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article in American Economic Review (1992)

1990

21. Interest rates and the conduct of monetary policy
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1991)

1989

22. Money, credit, banking and payments system policy
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Proceedings (1988)

1988

23. Central banking under the gold standard
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1988)
24. FINANCIAL DEREGULATION, MONETARY POLICY, AND CENTRAL BANKING
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    Also in Working Paper, Federal Reserve Bank of Richmond (1988) View citations

1987

25. Interest rate smoothing and price level trend-stationarity
    Working Paper, Federal Reserve Bank of Richmond View citations
    Also in Working Paper, Federal Reserve Bank of Richmond (1986) View citations
    See also Journal Article in Journal of Monetary Economics (1987)
26. Money: Theoretical Analysis of the Demand for Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1986

27. Theoretical analysis of the demand for money
    Working Paper, Federal Reserve Bank of Richmond View citations

1985

28. Base drift and the longer run growth of M1: experience from a decade of monetary targeting
    Working Paper, Federal Reserve Bank of Richmond
29. Monetary mystique: secrecy and central banking
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Journal of Monetary Economics (1986)

1984

30. A weekly perfect foresight model of the nonborrowed reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond View citations

1983

31. A historical assessment of the rationales and functions of reserve requirements
    Working Paper, Federal Reserve Bank of Richmond View citations
32. Measurement error and a reinterpretation of the conventional money demand regression
    Working Paper, Federal Reserve Bank of Richmond View citations

1981

33. Discount window borrowing, monetary control, and the post-October 6, 1979, Federal Reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond
34. Discount window borrowing, monetary policy, and the post-October 6, 1979 Federal Reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Journal of Monetary Economics (1983)

1979

35. A note on the neutrality of temporary monetary disturbances
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article in Journal of Monetary Economics (1981)
36. An alternative method of estimating the Cagan money demand function in hyperinflation under rational expectations
    Working Paper, Federal Reserve Bank of Richmond View citations
    See also Journal Article in Journal of Monetary Economics (1982)

Journal Articles

2008

1. Commentary on "Announcements and the role of policy guidance "
   Review, 2008, (Jul), 443-446

2007

2. A Framework for Independent Monetary Policy in China
   CESifo Economic Studies, 2007, 53, (1), 2-41 View citations
   See also Working Paper (2006)
3. Banking and interest rates in monetary policy analysis: A quantitative exploration
   Journal of Monetary Economics, 2007, 54, (5), 1480-1507 View citations
   Also in Proceedings, 2007 (2007) View citations
   See also Working Paper (2007)
4. How the World Achieved Consensus on Monetary Policy
   Journal of Economic Perspectives, 2007, 21, (4), 47-68 View citations
   See also Working Paper (2007)

2005

5. Monetary Theory and Policy: Papers in Honor of Bennett T. McCallum
   Journal of Monetary Economics, 2005, 52, (5), 853-853
6. Narrow money, broad money, and the transmission of monetary policy
   Proceedings, 2005, 276-303 View citations
7. The incredible Volcker disinflation
   Journal of Monetary Economics, 2005, 52, (5), 981-1015 View citations
   See also Working Paper (2005)
8. The monetary policy debate since October 1979: lessons for theory and practice
   Review, 2005, (Mar), 243-262

2004

9. Monetary policy in the new neoclassical synthesis: a primer
   Economic Quarterly, 2004, (Sum), 21-45 View citations
   Also in International Finance, 2002, 5, (2), 165-91 (2002) View citations
10. What's driving wage inequality?: the effects of technical change on the labor market. 2004 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2004

2003

11. Sustaining price stability. 2003 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2003

2002

12. Federal Reserve asset acquisition: a proposal, panel discussion
    Proceedings, 2002, 946-951
13. Interest on reserves and monetary policy
    Economic Policy Review, 2002, (May), 77-84 View citations
14. Panel: Implications of Declining Treasury Debt: Federal Reserve Asset Acquisition: A Proposal
    Journal of Money, Credit and Banking, 2002, 34, (3), 946-51
15. The phases of U.S. monetary policy: 1987 to 2001
    Economic Quarterly, 2002, (Fall), 1-17

2001

16. Financial Stability, Deflation, and Monetary Policy
    Monetary and Economic Studies, 2001, 19, (S1), 143-67 View citations
    See also Working Paper (2001)
17. What assets should the Federal Reserve buy?
    Economic Quarterly, 2001, (Win), 7-22 View citations
18. Why we need an "accord" for Federal Reserve credit policy: a note
    Economic Quarterly, 2001, (Win), 23-32 View citations
    Also in Proceedings, 1994, 572-584 (1994) View citations
    Journal of Money, Credit and Banking, 1994, 26, (3), 572-80 (1994) View citations

2000

19. Overcoming the Zero Bound on Interest Rate Policy
    Journal of Money, Credit and Banking, 2000, 32, (4), 1007-35 View citations
    Also in Conference Series ; [Proceedings], 2000, 1007-1057 (2000) View citations
    See also Working Paper (2000)
20. The role of a regional bank in a system of central banks
    Economic Quarterly, 2000, (Win), 7-25 View citations
    Also in Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), 51-71 (1999) View citations
    See also Working Paper (1999)
21. What assets should the Federal Reserve buy? 2000 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2000

1999

22. Limited commitment and central bank lending
    Economic Quarterly, 1999, (Fall), 1-27 View citations
    See also Working Paper (1999)
23. The role of a regional bank in a system of central banks. 1999 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 1999

1998

24. Industrial Development and the Convergence Question
    American Economic Review, 1998, 88, (5), 1277-89 View citations
    See also Working Paper (1999)
25. Using the term structure of interest rates for monetary policy
    Economic Quarterly, 1998, (Sum), 13-30 View citations

1997

26. A framework for the analysis of moderate inflations
    Journal of Monetary Economics, 1997, 39, (1), 45-65 View citations
    See also Working Paper (1997)
27. Monetary policy comes of age: a 20th century odyssey
    Economic Quarterly, 1997, (Win), 1-22 View citations

1996

28. Foreign exchange operations and the Federal Reserve
    Economic Quarterly, 1996, (Win), 1-20 View citations

1995

29. Early Development
    American Economic Review, 1995, 85, (1), 116-33 View citations
    See also Working Paper (1994)
30. The impact of monetary policy on bank balance sheets: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 197-202 View citations

1994

31. Automation at the Fed
    Cross Sections, 1994, (Spr), 22-26

1993

32. Central banking in a monetary union: reflections on the proposed statute of the European Central Bank: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 231-237 View citations
33. Interest rate policy and the inflation scare problem: 1979-1992
    Economic Quarterly, 1993, (Win), 1-24 View citations
    Also in Proceedings, 1993 (1993) View citations
34. Operating procedures and the conduct of monetary policy: conference proceedings
    Proceedings, 1993 View citations

1992

35. Information-Aggregation Bias
    American Economic Review, 1992, 82, (3), 508-19 View citations
    See also Working Paper (1991)

1991

36. Interest rates and the conduct of monetary policy
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 7-30 View citations
    See also Working Paper (1990)

1990

37. Comments on "Money demand, expectations and the forward-looking model"
    Journal of Policy Modeling, 1990, 12, (2), 317-322 View citations

1988

38. Bureau analysis and central banking: A review essay
    Journal of Monetary Economics, 1988, 22, (3), 517-522
39. Central banking under the gold standard
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 85-124 View citations
    See also Working Paper (1988)
40. Financial Structure and Aggregate Economic Activity: An Overview: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 589-93
41. Money, credit, banking, and payment system policy
    Proceedings, 1988, 247-284 View citations
    See also Working Paper (1989)

1987

42. Interest rate smoothing and price level trend-stationarity
    Journal of Monetary Economics, 1987, 19, (3), 335-348 View citations
    See also Working Paper (1987)

1986

43. Monetary mystique: Secrecy and central banking
    Journal of Monetary Economics, 1986, 17, (1), 63-92 View citations
    See also Working Paper (1985)

1985

44. Monetary theory and practice, the U.K. experience: Book review
    Journal of Monetary Economics, 1985, 15, (3), 383-388
45. Reinterpreting money demand regressions
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 207-241 View citations
46. Reinterpreting money demand regressions Errata
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 211-212 View citations

1984

47. Income stability and economic efficiency under alternative tax schemes: A comment on the miller paper
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 143-146

1983

48. Discount window borrowing, monetary policy, and the post-October 6, 1979 federal reserve operating procedure
    Journal of Monetary Economics, 1983, 12, (3), 343-356 View citations
    See also Working Paper (1981)

1982

49. An alternate method of estimating the Cagan money demand function in hyperinflation under rational expectations
    Journal of Monetary Economics, 1982, 9, (1), 43-57 View citations
    See also Working Paper (1979)

1981

50. A note on the neutrality of temporary monetary disturbances
    Journal of Monetary Economics, 1981, 7, (3), 371-385
    See also Working Paper (1979)
51. A prescription for monetary policy 1981
    Economic Review, 1981, (Nov), 11-18
52. Eurodollars
    Economic Review, 1981, (May), 12-18 View citations
    See also Book (1998)

1980

53. Recent financial innovations: courses, consequences for the payments system, and implications for monetary control
    Economic Review, 1980, (Mar), 14-27

Books

1998

1. Eurodollars
   Monograph, Federal Reserve Bank of Richmond
   See also Journal Article in Economic Review (1981)
2. Federal funds
   Monograph, Federal Reserve Bank of Richmond View citations

Chapters

2006

1. Monetary policy implementation in China
   A chapter in Monetary policy in Asia: approaches and implementation, 2006, vol. 31, pp 25-39
2. Why a corporate bond market: growth and direct finance
   A chapter in Developing corporate bond markets in Asia, 2006, vol. 26, pp 22-23

2004

3. Inflation Targeting in the United States?
   A chapter in The Inflation-Targeting Debate, 2004, pp 311-352 View citations
   See also Working Paper (2003)

1997

4. The New Neoclassical Synthesis and the Role of Monetary Policy
   A chapter in NBER Macroeconomics Annual 1997, Volume 12, 1997, pp 231-296 View citations
   See also Working Paper (1998)