Details about Bennett McCallum

E-mail:
Homepage:	http://business.tepper.cmu.edu/display_faculty.aspx?id=96
Phone:	1-412-268-2347
Postal address:	Prof. Bennett T. McCallum GSIA 256 Carnegie Mellon University Pittsburgh, PA 15213 USA
Workplace:	Department of Economics, Tepper School of Business Administration, Carnegie Mellon University, (more information at EDIRC)

Access statistics for papers by Bennett McCallum.

Last updated 2009-08-03. Update your information in the RePEc Author Service.

Short-id: pmc4

---

Jump to Journal Articles Chapters Software Items Editor

Working Papers

2008

1. Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results
   Working Papers Central Bank of Chile, Central Bank of Chile
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008)
2. Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Reconsideration of the P-Bar Model of Gradual Price Adjustment
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in European Economic Review (2008)

2007

4. 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)
5. Basic Calvo and P-Bar Models of Price Adjustment: A Comparison
   Kiel Working Papers, Kiel Institute for the World Economy
6. Monetary Policy in East Asia: the Case of Singapore
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations

2006

7. E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Economic Dynamics and Control (2007)
8. Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Federal Reserve Bank of St. Louis (2006)
   See also Journal Article in Oxford Review of Economic Policy (2005)

2005

9. A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Chapter (2006)

2004

10. On the Relationship Between Determinate and MSV Solutions in Linear RE Models
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Economics Letters (2004)
11. Targeting vs. Instrument Rules for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Federal Reserve Bank of St. Louis (2004) View citations

2003

12. Is the Fiscal Theory of the Price Level Learnable?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Scottish Journal of Political Economy (2003)
13. Monetary Policy in Economies with Little or No Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Pacific Economic Review (2004)
14. Multiple-Solution Indeterminacies in Monetary Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Journal of Monetary Economics (2003)
15. The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (2002)

2002

16. Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
17. The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economics Letters (2002)

2001

18. Inflation Targeting and the Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2001) View citations
    See also Journal Article in Proceedings (2001)
19. Monetary Policy Analysis in Models Without Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review (2001)
20. Monetary Policy for an Open Economy: An Alternative Framework with Optimising Agents and Sticky Prices
    Discussion Papers, Monetary Policy Committee Unit, Bank of England View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations
    See also Journal Article in Oxford Review of Economic Policy (2000)
21. Should Monetary Policy Respond Strongly to Output Gaps?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2001)
22. Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Journal Article in Review (2004)

2000

23. Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Quarterly (2000)
24. An Optimizing IS-LM Framework with Endogenous Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Macroeconomics (2006)
25. An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Journal of Money, Credit and Banking (1999)
26. Nominal Income Targeting in an Open-Economy Optimizing Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations
    See also Journal Article in Journal of Monetary Economics (1999)
27. Role of the Minimal State Variable Criterion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
28. The Present and Future of Monetary Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in International Finance (2000)
29. Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (2000)

1999

30. Analysis of the Monetary Transmission Mechanism: Methodological Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
31. Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    See also Journal Article in Economic Quarterly (2002)
32. Theoretical Issues Pertaining to Monetary Unions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1998

33. Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    See also Journal Article in Journal of Monetary Economics (2001)
34. Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
35. Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Chapter (1999)
    Journal Article in Proceedings (1998)
36. Solutions to Linear Rational Expectations Models: A Compact Exposition
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economics Letters (1998)

1997

37. Issues in the Design of Monetary Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1999)
38. Monetary Policy Rules for the Phillipines: An Introductory Study
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
39. Neoclassical vs. Endogenous Growth Analysis: An Overview
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Economic Quarterly (1996)
40. The Alleged Instability of Nominal Income Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1997) View citations

1996

41. Crucial Issues Concerning Central Bank Independence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1997)
42. Monetary Policy Rules and Financial Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1995

43. A Semi-Classical Model of Price Level Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1994)
44. Two Fallacies Concerning Central Bank Independence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1995)

1994

45. A Monetary Impulse Measure for Medium-Term Policy Analysis
    IMF Working Papers, International Monetary Fund View citations
46. A Reconsideration of the Uncovered Interest Parity Relationship
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1994)
47. Identification of inflation-unemployment tradeoffs in the 1970s
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
48. Macroeconomics After Two Decades of Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
49. Monetary Policy and the Term Structure of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Quarterly (2005)
50. Specification and Analysis of a Monetary Policy Rule for Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
51. Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in IMF Working Papers, International Monetary Fund (1992) View citations
    See also Journal Article in Journal of International Money and Finance (1994)

1993

52. Unit Roots in Macroeconomic Time Series: Some Critical Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Quarterly (1993)

1992

53. Money and Prices in Colonial America: A New Test of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Political Economy (1992)

1991

54. Could A Monetary Base Rule Have Prevented the Great Depression?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1990)
55. Inflation: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Chapter (1990)
56. Targets, Indicators, and Instruments of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1990

57. Real Business Cycle Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1988

58. The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
59. The Role of Demand Management in the Maintenance of Full Employment
    NBER Working Papers, National Bureau of Economic Research, Inc

1987

60. Money: Theoretical Analysis of the Demand for Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
61. On "Real" and "Sticky-Price" Theories of the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (1986)
62. The Development of Keynesian Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1987)

1986

63. Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: A Critical Review
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1985)
64. Monetary vs. Fiscal Policy Effects: A Review of the Debate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
65. On Consequences and Criticisms of Monetary Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (1985)
66. Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1986)
67. Theoretical analysis of the demand for money
    Working Paper, Federal Reserve Bank of Richmond View citations

1985

68. Credibility and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Proceedings (1984)

1984

69. A Linearized Version of Lucas's Neutrality Model
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Canadian Journal of Economics (1984)
70. Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Political Economy (1984)
71. Macroeconomics After a Decade of Rational Expectations: Some Critical Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
72. Monetarist Rules in the Light of Recent Experience
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1984)
73. On Low-Frequency Estimates of "Long-Run" Relationships in Macro- economics
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1984)
74. The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Economica (1983)
75. The Role of Overlapping-Generations Models in Monetary Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)

1983

76. On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1983)

1982

77. Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Federal Reserve Bank of Dallas (1982)
78. Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1981)

1981

79. Monetarist Principles and the Money Stock Growth Rule
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1981)

Undated

80. Base Money Rules in the UK
    Bank of England working papers, Bank of England
81. Role of the minimal state variable criterion in rational expectations models
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    See also Journal Article in International Tax and Public Finance (1999)
82. Simultaneous Equation Econometrics: The Missing Example
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Economic Inquiry (2006)

Journal Articles

2009

1. Indeterminancy from inflation forecast targeting: problem or pseudo-problem?
   Economic Quarterly, 2009, (Win), 25-51

2008

2. How Important Is Money in the Conduct of Monetary Policy? A Comment
   Journal of Money, Credit and Banking, 2008, 40, (8), 1783-1790 View citations
3. Introductory Remarks
   Monetary and Economic Studies, 2008, 26, 31-36
4. Reconsideration of the P-bar model of gradual price adjustment
   European Economic Review, 2008, 52, (8), 1480-1493
   See also Working Paper (2008)

2007

5. 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)
6. E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
   Journal of Economic Dynamics and Control, 2007, 31, (4), 1376-1391 View citations
   See also Working Paper (2006)
7. The Renminbifs Dollar Peg at the Crossroads
   Monetary and Economic Studies, 2007, 25, (S1), 1-8

2006

8. An optimizing IS-LM framework with endogenous investment
   Journal of Macroeconomics, 2006, 28, (4), 621-644 View citations
   See also Working Paper (2000)
9. Misconceptions Regarding the Zero Lower Bound on Interest Rates
   Monetary and Economic Studies, 2006, 24, (S1), 13-26
10. Simultaneous Equation Econometrics: The Missing Example
    Economic Inquiry, 2006, 44, (2), 374-384 View citations
    See also Working Paper

2005

11. Commentary on "targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?"
    Review, 2005, (Sep), 627-632
12. Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
    Oxford Review of Economic Policy, 2005, 21, (4), 565-583
    See also Working Paper (2006)
13. Monetary policy and the term structure of interest rates
    Economic Quarterly, 2005, (Fall), 1-21 View citations
    See also Working Paper (1994)
14. Panel discussion I: what have we learned since October 1979?
    Review, 2005, (Mar), 277-292
15. Targeting versus instrument rules for monetary policy
    Review, 2005, (Sep), 597-612 View citations
    Also in Proceedings, 2005, 225-245 (2005) View citations
16. What Is the Proper Perspective for Monetary Policy Optimality?
    Monetary and Economic Studies, 2005, 23, (S1), 13-24 View citations

2004

17. Long-Run Monetary Neutrality and Contemporary Policy Analysis: Keynote Speech
    Monetary and Economic Studies, 2004, 22, (S1), 15-28 View citations
18. MONETARY POLICY IN ECONOMIES WITH LITTLE OR NO MONEY
    Pacific Economic Review, 2004, 9, (2), 81-92 View citations
    See also Working Paper (2003)
19. On the relationship between determinate and MSV solutions in linear RE models
    Economics Letters, 2004, 84, (1), 55-60 View citations
    See also Working Paper (2004)
20. Timeless perspective vs. discretionary monetary policy in forward-looking models
    Review, 2004, (Mar), 43-56 View citations
    See also Working Paper (2001)

2003

21. Is The Fiscal Theory of the Price Level Learnable?
    Scottish Journal of Political Economy, 2003, 50, (5), 634-649 View citations
    See also Working Paper (2003)
22. Japanese monetary policy, 1991-2001
    Economic Quarterly, 2003, (Win), 1-31 View citations
23. Multiple-solution indeterminacies in monetary policy analysis
    Journal of Monetary Economics, 2003, 50, (5), 1153-1175 View citations
    See also Working Paper (2003)

2002

24. Recent developments in monetary policy analysis: the roles of theory and evidence
    Economic Quarterly, 2002, (Win), 67-96 View citations
    Also in Journal of Economic Methodology, 1999, 6, (2), 171-98 (1999) View citations
    See also Working Paper (1999)
25. The non-optimality of proposed monetary policy rules under timeless perspective commitment
    Economics Letters, 2002, 77, (2), 163-168 View citations
    See also Working Paper (2002)

2001

26. Indeterminacy, bubbles, and the fiscal theory of price level determination
    Journal of Monetary Economics, 2001, 47, (1), 19-30 View citations
    See also Working Paper (1998)
27. Inflation targeting and the liquidity trap
    Proceedings, 2001, (Mar) View citations
    See also Working Paper (2001)
28. Monetary policy analysis in models without money
    Review, 2001, (Jul), 145-164 View citations
    See also Working Paper (2001)
29. Should Monetary Policy Respond Strongly to Output Gaps?
    American Economic Review, 2001, 91, (2), 258-262 View citations
    See also Working Paper (2001)

2000

30. Alternative monetary policy rules: a comparison with historical settings for the United States, the United Kingdom, and Japan
    Economic Quarterly, 2000, (Win), 49-79 View citations
    See also Working Paper (2000)
31. Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices
    Oxford Review of Economic Policy, 2000, 16, (4), 74-91 View citations
    See also Working Paper (2001)
32. On signal extraction and non-certainty-equivalence in optimal monetary policy rules, comments
    Proceedings, 2000
33. The Present and Future of Monetary Policy Rules
    International Finance, 2000, 3, (2), 273-86 View citations
    See also Working Paper (2000)
34. Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    Journal of Money, Credit and Banking, 2000, 32, (4), 870-904 View citations
    Also in Conference Series ; [Proceedings], 2000, 870-935 (2000) View citations
    See also Working Paper (2000)

1999

35. AN INTERVIEW WITH ROBERT E. LUCAS, JR
    Macroeconomic Dynamics, 1999, 3, (02), 278-291 View citations
36. An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
    Journal of Money, Credit and Banking, 1999, 31, (3), 296-316 View citations
    See also Working Paper (2000)
37. Introduction to the series
    Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), v-v
    Also in Carnegie-Rochester Conference Series on Public Policy, 1997, 46, (1), v-v (1997)
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), vii-vii (1998)
    Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), v-v (1999)
    Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), v-v (1997)
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), v-v (1998)
38. Nominal income targeting in an open-economy optimizing model
    Journal of Monetary Economics, 1999, 43, (3), 553-578 View citations
    See also Working Paper (2000)
39. Recent developments in the analysis of monetary policy rules
    Review, 1999, (Nov), 3-12 View citations
40. Role of the Minimal State Variable Criterion in Rational Expectations Models
    International Tax and Public Finance, 1999, 6, (4), 621-639 View citations
    See also Working Paper

1998

41. AN INTERVIEW WITH ALLAN MELTZER
    Macroeconomic Dynamics, 1998, 2, (02), 238-283
42. Performance of operational policy rules in an estimated semi-classical structural model
    Proceedings, 1998, (Mar) View citations
    See also Chapter (1999)
    Working Paper (1998)
43. Solutions to linear rational expectations models: a compact exposition
    Economics Letters, 1998, 61, (2), 143-147 View citations
    See also Working Paper (1998)
44. Stickiness: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 357-363 View citations

1997

45. Crucial issues concerning central bank independence
    Journal of Monetary Economics, 1997, 39, (1), 99-112 View citations
    See also Working Paper (1996)

1996

46. Base Money Rules in the United Kingdom
    The Manchester School of Economic & Social Studies, 1996, 64, 1-27 View citations
47. How should central banks reduce inflation? conceptual issues (commentary)
    Proceedings, 1996, 105-114
48. Neoclassical vs. endogenous growth analysis: an overview
    Economic Quarterly, 1996, (Fall), 41-71 View citations
    See also Working Paper (1997)
49. The sensitivity of empirical studies to alternative measures of the monetary base and reserves - commentary
    Review, 1996, (Nov), 73-75

1995

50. Two Fallacies Concerning Central-Bank Independence
    American Economic Review, 1995, 85, (2), 207-11 View citations
    See also Working Paper (1995)

1994

51. A reconsideration of the uncovered interest parity relationship
    Journal of Monetary Economics, 1994, 33, (1), 105-132 View citations
    See also Working Paper (1994)
52. A semi-classical model of price-level adjustment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 251-284 View citations
    See also Working Paper (1995)
53. How can monetary policy be improved?
    Conference Series ; [Proceedings], 1994, 229-258
54. Identification of inflation-unemployment tradeoffs in the 1970s a comment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 231-241 View citations
55. Monetary policy without monetary aggregates (conference panel discussion)
    Proceedings, 1994, (Mar), 216-218
56. Specification of policy rules and performance measures in multicountry simulation studies
    Journal of International Money and Finance, 1994, 13, (3), 259-275 View citations
    See also Working Paper (1994)

1993

57. Comments on paper by Hess, Small, and Brayton
    Proceedings, 1993
58. Discretion versus policy rules in practice: two critical points: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 215-220 View citations
59. Unit roots in macroeconomic time series: some critical issues
    Economic Quarterly, 1993, (Spr), 13-44 View citations
    See also Working Paper (1993)

1992

60. Money and Prices in Colonial America: A New Test of Competing Theories
    Journal of Political Economy, 1992, 100, (1), 143-61 View citations
    See also Working Paper (1992)

1991

61. Seasonality and monetary policy: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 71-75

1990

62. Comments on "Empirical predictions of the new monetary economics: Perspectives on velocity"
    Journal of Policy Modeling, 1990, 12, (2), 281-287
63. Could a monetary base rule have prevented the great depression?
    Journal of Monetary Economics, 1990, 26, (1), 3-26
    See also Working Paper (1991)

1989

64. New Classical Macroeconomics: A Sympathetic Account
    Scandinavian Journal of Economics, 1989, 91, (2), 223-52 View citations
65. Reply to a Comment by Hans-E. Loef
    Review of World Economics (Weltwirtschaftliches Archiv), 1989, 125, (1), 179-182

1988

66. Postwar Developments in Business Cycle Theory: A Moderately Classical Perspective
    Journal of Money, Credit and Banking, 1988, 20, (3), 459-71
    Also in Proceedings, 1988, 459-478 (1988)
67. Reply to comments by Benjamin Friedman
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 213-214
68. Robustness properties of a rule for monetary policy
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 173-203 View citations

1987

69. The Development of Keynesian Macroeconomics
    American Economic Review, 1987, 77, (2), 125-29 View citations
    See also Working Paper (1987)

1986

70. Estimating the long-run relationship between interest rates and inflation: A reply
    Journal of Monetary Economics, 1986, 18, (1), 87-90
71. On "Real' and "Sticky-Price' Theories of the Business Cycle
    Journal of Money, Credit and Banking, 1986, 18, (4), 397-414 View citations
    See also Working Paper (1987)
72. Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine
    Journal of Monetary Economics, 1986, 17, (1), 135-160 View citations
    See also Working Paper (1986)

1985

73. Bank deregulation, accounting systems of exchange, and the unit of account: A critical review
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 13-45 View citations
    See also Working Paper (1986)
74. On Consequences and Criticisms of Monetary Targeting
    Journal of Money, Credit and Banking, 1985, 17, (4), 570-97 View citations
    See also Working Paper (1986)

1984

75. A Linearized Version of Lucas's Neutrality Model
    Canadian Journal of Economics, 1984, 17, (1), 138-45 View citations
    See also Working Paper (1984)
76. Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
    Journal of Political Economy, 1984, 92, (1), 123-35 View citations
    See also Working Paper (1984)
77. Credibility and monetary policy
    Proceedings, 1984, 105-135 View citations
    See also Working Paper (1985)
78. Macroeconomics and finance: The role of the stock market: A comment on the Fischer/Merton paper
    Carnegie-Rochester Conference Series on Public Policy, 1984, 21, (1), 109-116
79. Monetarist Rules in the Light of Recent Experience
    American Economic Review, 1984, 74, (2), 388-91 View citations
    See also Working Paper (1984)
80. On low-frequency estimates of long-run relationships in macroeconomics
    Journal of Monetary Economics, 1984, 14, (1), 3-14 View citations
    See also Working Paper (1984)

1983

81. A reconsideration of Sims' evidence concerning monetarism
    Economics Letters, 1983, 13, (2-3), 167-171 View citations
82. Instrument Choice for Money Stock Control with Contemporaneous and Lagged Reserve Requirements: A Note
    Journal of Money, Credit and Banking, 1983, 15, (1), 96-101 View citations
83. On non-uniqueness in rational expectations models: An attempt at perspective
    Journal of Monetary Economics, 1983, 11, (2), 139-168 View citations
    See also Working Paper (1983)
84. Reply to Bryant and Wallace
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 57-58
85. The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
    Economica, 1983, 50, (200), 395-405 View citations
    See also Working Paper (1984)
86. The role of overlapping-generations models in monetary economics
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 9-44 View citations
    See also Working Paper (1984)
87. `A model of commodity money' by Thomas J. Sargent and Neil Wallace
    Journal of Monetary Economics, 1983, 12, (1), 189-196

1981

88. Monetarist Principles and the Money Stock Growth Rule
    American Economic Review, 1981, 71, (2), 134-38 View citations
    See also Working Paper (1981)
89. Price level determinacy with an interest rate policy rule and rational expectations
    Journal of Monetary Economics, 1981, 8, (3), 319-329 View citations
    See also Working Paper (1982)
90. Sluggish Price Adjustments and the Effectiveness of Monetary Policy under Rational Expectations: A Reply
    Journal of Money, Credit and Banking, 1981, 13, (1), 103-04

1980

91. A comment on the Sargent paper
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 155-159
92. Hahn's Theoretical Viewpoint on Unemployment: A Comment
    Economica, 1980, 47, (187), 299-303 View citations
93. Rational Expectations and Macroeconomic Stabilization Policy: An Overview
    Journal of Money, Credit and Banking, 1980, 12, (4), 716-46 View citations

1979

94. A monetary policy ineffectiveness result in a model with a predetermined price level
    Economics Letters, 1979, 3, (1), 1-4 View citations
95. Monetarism, Rational Expectations, Oligopolistic Pricing, and the MPS Econometric Model
    Journal of Political Economy, 1979, 87, (1), 57-73
96. On the Observational Inequivalence of Classical and Keynesian Models
    Journal of Political Economy, 1979, 87, (2), 395-402 View citations
97. Testing for the Role of Speculation in the Forward Exchange Market: A Reply
    The Review of Economics and Statistics, 1979, 61, (4), 611-12
98. The Current State of the Policy-Ineffectiveness Debate
    American Economic Review, 1979, 69, (2), 240-45 View citations
99. The effectiveness of fiscal feedback rules and automatic stabilizers under rational expectations
    Journal of Monetary Economics, 1979, 5, (2), 171-186 View citations

1978

100. Dating, discounting, and the robustness of the Lucas-Sargent proposition
     Journal of Monetary Economics, 1978, 4, (1), 121-129 View citations
101. Inflation and output fluctuations: A comment on the Dutton and Neumann papers
     Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), 277-287
102. Monetarism: Jerome L. Stein, ed., (North-Holland Publishing Company, Amsterdam, 1976) pp. ix+342, $38.00
     Journal of Monetary Economics, 1978, 4, (2), 321-324
103. Price Level Adjustments and the Rational Expectations Approach to Macroeconomic Stabilization Policy
     Journal of Money, Credit and Banking, 1978, 10, (4), 418-36 View citations

1977

104. Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations
     Journal of Political Economy, 1977, 85, (3), 627-34 View citations
105. The Role of Speculation in the Canadian Forward Exchange Market: Some Estimates Assuming Rational Expectations
     The Review of Economics and Statistics, 1977, 59, (2), 145-51 View citations

1976

106. A Note on Empirical Tests and Alternative Versions of the Natural Rate Hypothesis
     The Manchester School of Economic & Social Studies, 1976, 44, (1), 42-51 View citations
107. On Estimation Assuming Non-Existent Autocorrelation
     Australian Economic Papers, 1976, 15, (26), 119-27
108. Rational Expectations and the Estimation of Econometric Models: AnAlternative Procedure
     International Economic Review, 1976, 17, (2), 484-90 View citations
109. Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
     Econometrica, 1976, 44, (1), 43-52 View citations

1975

110. Rational Expectations and the Natural Rate Hypothesis: Some Evidence for the United Kingdom
     The Manchester School of Economic & Social Studies, 1975, 43, (1), 56-67 View citations

1974

111. Competitive Price Adjustments: An Empirical Study
     American Economic Review, 1974, 64, (1), 56-65 View citations
112. Money Wage Changes and the Excess Demand for Labour: International Evidence on a New Approach
     Applied Economics, 1974, 6, (3), 205-13
113. The relative impact of monetary and fiscal policy instruments: Some structure-based estimates
     Journal of Econometrics, 1974, 2, (3), 283-299
114. Wage Rate Changes and the Excess Demand for Labour: An Alternative Formulation
     Economica, 1974, 41, (163), 269-77 View citations

1973

115. A Note Concerning Asymptotic Covariance Expressions
     Econometrica, 1973, 41, (3), 581-83
116. Friedman's Missing Equation: Another Approach
     The Manchester School of Economic & Social Studies, 1973, 41, (3), 311-28

1972

117. Inventory Holdings, Rational Expectations, and the Law of Supply and Demand
     Journal of Political Economy, 1972, 80, (2), 386-93
118. Relative Asymptotic Bias from Errors of Omission and Measurement
     Econometrica, 1972, 40, (4), 757-58 View citations

1970

119. Artificial Orthogonalization in Regression Analysis
     The Review of Economics and Statistics, 1970, 52, (1), 110-13
120. The Effect of Demand on Prices in British Manufacturing: Another View
     Review of Economic Studies, 1970, 37, (1), 147-56

1969

121. The Instability of Kaldorian Models
     Oxford Economic Papers, 1969, 21, (1), 56-65

Chapters

2008

1. Comment on "On the Need for a New Approach to Analyzing Monetary Policy"
   A chapter in NBER Macroeconomics Annual 2008, 2008

2006

2. A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
   A chapter in Monetary Policy under Very Low Inflation in the Pacific Rim, NBER-EASE, Volume 15, 2006, pp 9-42
   See also Working Paper (2005)

1999

3. Issues in the design of monetary policy rules
   Chapter 23 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1483-1530 View citations
   See also Working Paper (1997)
4. Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model
   A chapter in Monetary Policy Rules, 1999, pp 15-56 View citations
   See also Working Paper (1998)
   Journal Article in Proceedings (1998)

1990

5. Inflation: Theory and evidence
   Chapter 18 in Handbook of Monetary Economics, 1990, vol. 2, pp 963-1012 View citations
   See also Working Paper (1991)

Software Items

2004

1. Software for RE Analysis
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations

Editor

1. Carnegie-Rochester Conference Series on Public Policy
   Elsevier