Details about Michael Kiley

Access statistics for papers by Michael Kiley.

Last updated 2008-10-06. Update your information in the RePEc Author Service.

Short-id: pki4

Working Papers

2008

1. Estimating the common trend rate of inflation for consumer prices and consumer prices excluding food and energy prices
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
2. Monetary policy actions and long-run inflation expectations
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

2007

3. Documentation of the Research and Statistics Division’s estimated DSGE model of the U.S. economy: 2006 version
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
4. Habit persistence, non-separability between consumption and leisure, or rule-of thumb consumers: which accounts for the predictability of consumption growth?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
5. Natural rate measures in an estimated DSGE model of the U.S. economy
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
   See Also Journal Article in Journal of Economic Dynamics and Control (2008)

2006

6. A quantitative comparison of sticky-price and sticky-information models of price setting
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
   Also in
   Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations
   See Also Journal Article in Journal of Money, Credit and Banking (2007)

2004

7. IS MODERATE-TO-HIGH INFLATION INHERENTLY UNSTABLE?
   Econometric Society 2004 North American Summer Meetings, Econometric Society View citations
   Also in
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations
   See Also Journal Article in International Journal of Central Banking (2007)
8. Product Market Competition and Economic Performance in the United States
   OECD Economics Department Working Papers, OECD Economics Department

2003

9. How should unemployment benefits respond to the business cycle?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
   Also in
   Computing in Economics and Finance 2002, Society for Computational Economics (2002)
   See Also Journal Article in Topics in Economic Analysis & Policy (2003)

2001

10. An analytical approach to the welfare cost of business cycles and the benefit from activist monetary policy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Contributions to Macroeconomics (2003)

2000

11. Stock prices and fundamentals in a production economy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1999

12. Computers and growth with costs of adjustment: will the future look like the past?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
13. Partial adjustment and staggered price setting
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Journal of Money, Credit and Banking (2002)

1998

14. Monetary policy under neoclassical and New-Keynesian Phillips Curves, with an application to price level and inflation targeting
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations

1997

15. Efficiency wages, nominal rigidities, and the cyclical behavior of real wages and marginal cost
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Economics Letters (1997)
16. Staggered price setting and real rigidities
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
17. The supply of skilled labor and skill-based technological progress
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Economic Journal (1999)

1996

18. Endogenous price stickiness and business cycle persistence
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Journal of Money, Credit and Banking (2000)
19. The lead of output over inflation in sticky price models
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in Economics Bulletin (2002)

Journal Articles

2008

1. Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments
   Conference Series ; [Proceedings], 2008
2. Natural rate measures in an estimated DSGE model of the U.S. economy
   Journal of Economic Dynamics and Control, 2008, 32, (8), 2512-2535 View citations
   See Also Working Paper (2007)

2007

3. A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting
   Journal of Money, Credit and Banking, 2007, 39, (s1), 101-125 View citations
   See Also Working Paper (2006)
4. Is Moderate-to-High Inflation Inherently Unstable?
   International Journal of Central Banking, 2007, 3, (2), 173-201 View citations
   See Also Working Paper (2004)

2005

5. An estimated DSGE model of the US economy with an application to natural rate measures
   Proceedings, 2005 View citations

2004

6. Stock Prices and Fundamentals: A Macroeconomic Perspective
   Journal of Business, 2004, 77, (4), 909-936 View citations

2003

7. An Analytical Approach to the Welfare Cost of Business Cycles and the Benefit from Activist Monetary Policy
   Contributions to Macroeconomics, 2003, 3, (1), 1089-1089 View citations
   See Also Working Paper (2001)
8. How Should Unemployment Benefits Respond to the Business Cycle?
   Topics in Economic Analysis & Policy, 2003, 3, (1), 1066-1066 View citations
   See Also Working Paper (2003)
9. Why Is Inflation Low When Productivity Growth Is High?
   Economic Inquiry, 2003, 41, (3), 392-406

2002

10. Partial Adjustment and Staggered Price Setting
    Journal of Money, Credit and Banking, 2002, 34, (2), 283-98 View citations
    See Also Working Paper (1999)
11. The lead of output over inflation in sticky price models
    Economics Bulletin, 2002, 5, (5), 1-7 View citations
    See Also Working Paper (1996)

2001

12. Computers and growth with frictions: aggregate and disaggregate evidence
    Carnegie-Rochester Conference Series on Public Policy, 2001, 55, (1), 171-215 View citations

2000

13. Endogenous Price Stickiness and Business Cycle Persistence
    Journal of Money, Credit and Banking, 2000, 32, (1), 28-53 View citations
    See Also Working Paper (1996)

1999

14. The Supply of Skilled Labour and Skill-Biased Technological Progress
    Economic Journal, 1999, 109, (458), 708-24 View citations
    See Also Working Paper (1997)

1998

15. Predicting Tax Rate Changes: Insights from the Permanent Income Hypothesis
    Journal of Macroeconomics, 1998, 20, (1), 153-167

1997

16. Efficiency wages, nominal rigidities and the cyclical behavior of real wages and marginal cost
    Economics Letters, 1997, 56, (2), 215-221 View citations
    See Also Working Paper (1997)