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 2012-12-10. Update your information in the RePEc Author Service.

Short-id: pmc4

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Working Papers

2012

A Continuity Refinement for Rational Expectations Solutions
NBER Working Papers, National Bureau of Economic Research, Inc
Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models
NBER Working Papers, National Bureau of Economic Research, Inc
Refining Linear Rational Expectations Models and Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc
The Role of Money in New-Keynesian Models
Working Papers, Banco Central de Reserva del Perú

2011

Should Central Banks Raise their Inflation Targets? Some Relevant Issues
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Economic Quarterly (2011)

2010

Is the Spurious Regression Problem Spurious?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article in Economics Letters (2010)
Money and inflation: some critical issues
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
See also Chapter (2010)
The Future of Central Banking: A Lesson from United States History
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
See also Journal Article in Monetary and Economic Studies (2010)

2009

Causality, Structure, and the Uniqueness of Rational Expectations Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Manchester School (2011)
The Role of "Determinacy" in Monetary Policy Analysis
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
See also Journal Article in Monetary and Economic Studies (2009)

2008

Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results
Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (1)
See also Chapter (2009)
Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article in Journal of Monetary Economics (2009)
Reconsideration of the P-Bar Model of Gradual Price Adjustment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in European Economic Review (2008)

2007

Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
NBER Working Papers, National Bureau of Economic Research, Inc View citations (79)
See also Journal Article in Journal of Monetary Economics (2007)
Basic Calvo and P-Bar Models of Price Adjustment: A Comparison
Kiel Working Papers, Kiel Institute for the World Economy
Monetary Policy in East Asia: the Case of Singapore
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (2)
See also Journal Article in Monetary and Economic Studies (2007)

2006

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 (4)
See also Journal Article in Journal of Economic Dynamics and Control (2007)
Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
Also in Working Papers, Federal Reserve Bank of St. Louis (2006) View citations (1)
See also Journal Article in Oxford Review of Economic Policy (2005)

2005

A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
See also Chapter (2006)

1996

Base Money Rules in the UK
Bank of England working papers, Bank of England
Crucial Issues Concerning Central Bank Independence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in Journal of Monetary Economics (1997)
Monetary Policy Rules and Financial Stability
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

1995

A Semi-Classical Model of Price Level Adjustment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1994)
Two Fallacies Concerning Central Bank Independence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (98)
See also Journal Article in American Economic Review (1995)

1994

A Monetary Impulse Measure for Medium-Term Policy Analysis
IMF Working Papers, International Monetary Fund View citations (4)
A Reconsideration of the Uncovered Interest Parity Relationship
NBER Working Papers, National Bureau of Economic Research, Inc View citations (130)
See also Journal Article in Journal of Monetary Economics (1994)
Identification of inflation-unemployment tradeoffs in the 1970s
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
Macroeconomics After Two Decades of Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
Monetary Policy and the Term Structure of Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
See also Journal Article in Economic Quarterly (2005)
Specification and Analysis of a Monetary Policy Rule for Japan
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
Also in IMF Working Papers, International Monetary Fund (1992) View citations (1)
See also Journal Article in Journal of International Money and Finance (1994)

1993

Unit Roots in Macroeconomic Time Series: Some Critical Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
See also Journal Article in Economic Quarterly (1993)

1992

Money and Prices in Colonial America: A New Test of Competing Theories
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
See also Journal Article in Journal of Political Economy (1992)

1991

Could A Monetary Base Rule Have Prevented the Great Depression?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Journal of Monetary Economics (1990)
Inflation: Theory and Evidence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Chapter (1990)
Targets, Indicators, and Instruments of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)

1990

Real Business Cycle Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)

1988

The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
The Role of Demand Management in the Maintenance of Full Employment
NBER Working Papers, National Bureau of Economic Research, Inc

1987

Money: Theoretical Analysis of the Demand for Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
On "Real" and "Sticky-Price" Theories of the Business Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
See also Journal Article in Journal of Money, Credit and Banking (1986)
The Development of Keynesian Macroeconomics
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in American Economic Review (1987)

1986

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 (3)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1985)
Monetary vs. Fiscal Policy Effects: A Review of the Debate
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
On Consequences and Criticisms of Monetary Targeting
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article in Journal of Money, Credit and Banking (1985)
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 (31)
See also Journal Article in Journal of Monetary Economics (1986)
Theoretical analysis of the demand for money
Working Paper, Federal Reserve Bank of Richmond View citations (6)
See also Journal Article in Economic Review (1988)

1985

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

1984

A Linearized Version of Lucas's Neutrality Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Canadian Journal of Economics (1984)
Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
See also Journal Article in Journal of Political Economy (1984)
Macroeconomics After a Decade of Rational Expectations: Some Critical Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Economic Review (1982)
Monetarist Rules in the Light of Recent Experience
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
See also Journal Article in American Economic Review (1984)
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)
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)
The Role of Overlapping-Generations Models in Monetary Economics
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)

1983

On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations (179)
See also Journal Article in Journal of Monetary Economics (1983)

1982

Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Also in Working Papers, Federal Reserve Bank of Dallas (1982)
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

Monetarist Principles and the Money Stock Growth Rule
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in American Economic Review (1981)

Undated

Role of the minimal state variable criterion in rational expectations models
GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (2)
See also Journal Article in International Tax and Public Finance (1999)
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

2011

CAUSALITY, STRUCTURE AND THE UNIQUENESS OF RATIONAL EXPECTATIONS EQUILIBRIA
Manchester School, 2011, 79, (s1), 551-566
See also Working Paper (2009)
Should central banks raise their inflation targets? Some relevant issues
Economic Quarterly, 2011, (2Q), 111-131
See also Working Paper (2011)

2010

Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis
Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 107-120 View citations (2)
Is the spurious regression problem spurious?
Economics Letters, 2010, 107, (3), 321-323 View citations (2)
See also Working Paper (2010)
Optimal Continuation versus the Timeless Perspective in Monetary Policy
Journal of Money, Credit and Banking, 2010, 42, (6), 1093-1107 View citations (7)
The Future of Central Banking: A Lesson from United States History
Monetary and Economic Studies, 2010, 28, 27-34
See also Working Paper (2010)

2009

Another weakness of "determinacy" as a selection criterion for rational expectations models
Economics Letters, 2009, 104, (1), 17-19 View citations (2)
Indeterminancy from inflation forecast targeting: problem or pseudo-problem?
Economic Quarterly, 2009, (Win), 25-51
Inflation determination with Taylor rules: Is new-Keynesian analysis critically flawed?
Journal of Monetary Economics, 2009, 56, (8), 1101-1108 View citations (4)
See also Working Paper (2008)
Rejoinder to Cochrane
Journal of Monetary Economics, 2009, 56, (8), 1114-1115 View citations (2)
The Role of "Determinacy" in Monetary Policy Analysis
Monetary and Economic Studies, 2009, 27, (1), 25-34
See also Working Paper (2009)

2008

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 (7)
Introductory Remarks
Monetary and Economic Studies, 2008, 26, 31-36
Reconsideration of the P-bar model of gradual price adjustment
European Economic Review, 2008, 52, (8), 1480-1493 View citations (1)
See also Working Paper (2008)

2007

Banking and interest rates in monetary policy analysis: A quantitative exploration
Journal of Monetary Economics, 2007, 54, (5), 1480-1507 View citations (73)
Also in Proceedings, 2007 (2007) View citations (72)
See also Working Paper (2007)
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 (32)
See also Working Paper (2006)
Monetary Policy in East Asia: The Case of Singapore
Monetary and Economic Studies, 2007, 25, (S1), 13-28 View citations (2)
See also Working Paper (2007)

2006

An optimizing IS-LM framework with endogenous investment
Journal of Macroeconomics, 2006, 28, (4), 621-644 View citations (7)
See also Working Paper (2000)
Misconceptions Regarding the Zero Lower Bound on Interest Rates
Monetary and Economic Studies, 2006, 24, (S1), 13-26
Simultaneous Equation Econometrics: The Missing Example
Economic Inquiry, 2006, 44, (2), 374-384 View citations (3)
See also Working Paper

2005

Commentary on "targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?"
Review, 2005, (Sep), 627-632
Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
Oxford Review of Economic Policy, 2005, 21, (4), 565-583 View citations (2)
See also Working Paper (2006)
Monetary policy and the term structure of interest rates
Economic Quarterly, 2005, (Fall), 1-21 View citations (11)
See also Working Paper (1994)
Panel discussion I: what have we learned since October 1979?
Review, 2005, (Mar), 277-292
Targeting versus instrument rules for monetary policy
Review, 2005, (Sep), 597-612 View citations (9)
Also in Proceedings, 2005, 225-245 (2005) View citations (10)
See also Working Paper (2004)
What Is the Proper Perspective for Monetary Policy Optimality?
Monetary and Economic Studies, 2005, 23, (S1), 13-24 View citations (3)

2004

Long-Run Monetary Neutrality and Contemporary Policy Analysis: Keynote Speech
Monetary and Economic Studies, 2004, 22, (S1), 15-28 View citations (1)
MONETARY POLICY IN ECONOMIES WITH LITTLE OR NO MONEY
Pacific Economic Review, 2004, 9, (2), 81-92 View citations (1)
See also Working Paper (2003)
On the relationship between determinate and MSV solutions in linear RE models
Economics Letters, 2004, 84, (1), 55-60 View citations (13)
See also Working Paper (2004)
Timeless perspective vs. discretionary monetary policy in forward-looking models
Review, 2004, (Mar), 43-56 View citations (50)
See also Working Paper (2001)

2003

Is The Fiscal Theory of the Price Level Learnable?
Scottish Journal of Political Economy, 2003, 50, (5), 634-649 View citations (13)
See also Working Paper (2003)
Japanese monetary policy, 1991-2001
Economic Quarterly, 2003, (Win), 1-31 View citations (2)
Multiple-solution indeterminacies in monetary policy analysis
Journal of Monetary Economics, 2003, 50, (5), 1153-1175 View citations (33)
See also Working Paper (2003)

2002

Recent developments in monetary policy analysis: the roles of theory and evidence
Economic Quarterly, 2002, (Win), 67-96 View citations (9)
Also in Journal of Economic Methodology, 1999, 6, (2), 171-198 (1999) View citations (9)
See also Working Paper (1999)
The non-optimality of proposed monetary policy rules under timeless perspective commitment
Economics Letters, 2002, 77, (2), 163-168 View citations (38)
See also Working Paper (2002)

2001

Indeterminacy, bubbles, and the fiscal theory of price level determination
Journal of Monetary Economics, 2001, 47, (1), 19-30 View citations (28)
See also Working Paper (1998)
Inflation targeting and the liquidity trap
Proceedings, 2001, (Mar) View citations (20)
See also Chapter (2002)
Working Paper (2001)
Monetary policy analysis in models without money
Review, 2001, (Jul), 145-164 View citations (83)
See also Working Paper (2001)
Should Monetary Policy Respond Strongly to Output Gaps?
American Economic Review, 2001, 91, (2), 258-262 View citations (87)
See also Working Paper (2001)

2000

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 (19)
See also Working Paper (2000)
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 (61)
See also Working Paper (2001)
On signal extraction and non-certainty-equivalence in optimal monetary policy rules, comments
Proceedings, 2000 View citations (1)
The Present and Future of Monetary Policy Rules
International Finance, 2000, 3, (2), 273-86 View citations (18)
See also Working Paper (2000)
Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
Journal of Money, Credit and Banking, 2000, 32, (4), 870-904 View citations (100)
Also in Conference Series ; [Proceedings], 2000, 870-935 (2000) View citations (100)
See also Working Paper (2000)

1999

AN INTERVIEW WITH ROBERT E. LUCAS, JR
Macroeconomic Dynamics, 1999, 3, (02), 278-291 View citations (2)
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 (121)
See also Working Paper (2000)
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)
Nominal income targeting in an open-economy optimizing model
Journal of Monetary Economics, 1999, 43, (3), 553-578 View citations (189)
See also Working Paper (2000)
Recent developments in the analysis of monetary policy rules
Review, 1999, (Nov), 3-12 View citations (25)
Role of the Minimal State Variable Criterion in Rational Expectations Models
International Tax and Public Finance, 1999, 6, (4), 621-639 View citations (51)
See also Working Paper

1998

AN INTERVIEW WITH ALLAN MELTZER
Macroeconomic Dynamics, 1998, 2, (02), 238-283
Performance of operational policy rules in an estimated semi-classical structural model
Proceedings, 1998, (Mar) View citations (20)
See also Chapter (1999)
Working Paper (1998)
Solutions to linear rational expectations models: a compact exposition
Economics Letters, 1998, 61, (2), 143-147 View citations (50)
See also Working Paper (1998)
Stickiness: A comment
Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 357-363 View citations (7)

1997

Crucial issues concerning central bank independence
Journal of Monetary Economics, 1997, 39, (1), 99-112 View citations (92)
See also Working Paper (1996)

1996

Base Money Rules in the United Kingdom
The Manchester School of Economic & Social Studies, 1996, 64, 1-27 View citations (1)
How should central banks reduce inflation? conceptual issues (commentary)
Proceedings, 1996, 105-114
Neoclassical vs. endogenous growth analysis: an overview
Economic Quarterly, 1996, (Fall), 41-71 View citations (9)
See also Working Paper (1997)
The sensitivity of empirical studies to alternative measures of the monetary base and reserves - commentary
Review, 1996, (Nov), 73-75

1995

Two Fallacies Concerning Central-Bank Independence
American Economic Review, 1995, 85, (2), 207-11 View citations (110)
See also Working Paper (1995)

1994

A reconsideration of the uncovered interest parity relationship
Journal of Monetary Economics, 1994, 33, (1), 105-132 View citations (119)
See also Working Paper (1994)
A semi-classical model of price-level adjustment
Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 251-284 View citations (8)
See also Working Paper (1995)
How can monetary policy be improved?
Conference Series ; [Proceedings], 1994, 245-249
Identification of inflation-unemployment tradeoffs in the 1970s a comment
Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 231-241 View citations (2)
Specification of policy rules and performance measures in multicountry simulation studies
Journal of International Money and Finance, 1994, 13, (3), 259-275 View citations (4)
See also Working Paper (1994)

1993

Comments on paper by Hess, Small, and Brayton
Proceedings, 1993
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 (15)
Unit roots in macroeconomic time series: some critical issues
Economic Quarterly, 1993, (Spr), 13-44 View citations (9)
See also Working Paper (1993)

1992

Money and Prices in Colonial America: A New Test of Competing Theories
Journal of Political Economy, 1992, 100, (1), 143-61 View citations (16)
See also Working Paper (1992)

1991

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

1990

Comments on "Empirical predictions of the new monetary economics: Perspectives on velocity"
Journal of Policy Modeling, 1990, 12, (2), 281-287
Could a monetary base rule have prevented the great depression?
Journal of Monetary Economics, 1990, 26, (1), 3-26 View citations (6)
See also Working Paper (1991)

1989

New Classical Macroeconomics: A Sympathetic Account
Scandinavian Journal of Economics, 1989, 91, (2), 223-52 View citations (3)
Reply to a Comment by Hans-E. Loef
Review of World Economics (Weltwirtschaftliches Archiv), 1989, 125, (1), 179-182

1988

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)
Reply to comments by Benjamin Friedman
Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 213-214 View citations (1)
Robustness properties of a rule for monetary policy
Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 173-203 View citations (227)
Theoretical analysis of the demand of money
Economic Review, 1988, (Jan), 16-24
See also Working Paper (1986)

1987

The Development of Keynesian Macroeconomics
American Economic Review, 1987, 77, (2), 125-29 View citations (1)
See also Working Paper (1987)
The case for rules in the conduct of monetary policy: a concrete example
Economic Review, 1987, (Sep), 10-18 View citations (34)

1986

Estimating the long-run relationship between interest rates and inflation: A reply
Journal of Monetary Economics, 1986, 18, (1), 87-90
On "Real' and "Sticky-Price' Theories of the Business Cycle
Journal of Money, Credit and Banking, 1986, 18, (4), 397-414 View citations (6)
See also Working Paper (1987)
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 (40)
See also Working Paper (1986)

1985

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 (5)
See also Working Paper (1986)
On Consequences and Criticisms of Monetary Targeting
Journal of Money, Credit and Banking, 1985, 17, (4), 570-97 View citations (18)
See also Working Paper (1986)

1984

A Linearized Version of Lucas's Neutrality Model
Canadian Journal of Economics, 1984, 17, (1), 138-45 View citations (2)
See also Working Paper (1984)
Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
Journal of Political Economy, 1984, 92, (1), 123-35 View citations (40)
See also Working Paper (1984)
Credibility and monetary policy
Proceedings, 1984, 105-135 View citations (4)
See also Working Paper (1985)
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
Monetarist Rules in the Light of Recent Experience
American Economic Review, 1984, 74, (2), 388-91 View citations (13)
See also Working Paper (1984)
On low-frequency estimates of long-run relationships in macroeconomics
Journal of Monetary Economics, 1984, 14, (1), 3-14 View citations (22)
See also Working Paper (1984)

1983

A reconsideration of Sims' evidence concerning monetarism
Economics Letters, 1983, 13, (2-3), 167-171 View citations (21)
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 (13)
On non-uniqueness in rational expectations models: An attempt at perspective
Journal of Monetary Economics, 1983, 11, (2), 139-168 View citations (146)
See also Working Paper (1983)
Reply to Bryant and Wallace
Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 57-58
The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
Economica, 1983, 50, (200), 395-405 View citations (2)
See also Working Paper (1984)
The role of overlapping-generations models in monetary economics
Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 9-44 View citations (29)
See also Working Paper (1984)
`A model of commodity money' by Thomas J. Sargent and Neil Wallace
Journal of Monetary Economics, 1983, 12, (1), 189-196

1982

Macroeconomics after a decade of rational expectations: some critical issues
Economic Review, 1982, (Nov), 3-12 View citations (4)
See also Working Paper (1984)

1981

Monetarist Principles and the Money Stock Growth Rule
American Economic Review, 1981, 71, (2), 134-38 View citations (4)
See also Working Paper (1981)
Price level determinacy with an interest rate policy rule and rational expectations
Journal of Monetary Economics, 1981, 8, (3), 319-329 View citations (80)
See also Working Paper (1982)
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

A comment on the Sargent paper
Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 155-159
Hahn's Theoretical Viewpoint on Unemployment: A Comment
Economica, 1980, 47, (187), 299-303 View citations (1)
Rational Expectations and Macroeconomic Stabilization Policy: An Overview
Journal of Money, Credit and Banking, 1980, 12, (4), 716-46 View citations (31)

1979

A monetary policy ineffectiveness result in a model with a predetermined price level
Economics Letters, 1979, 3, (1), 1-4 View citations (7)
Monetarism, Rational Expectations, Oligopolistic Pricing, and the MPS Econometric Model
Journal of Political Economy, 1979, 87, (1), 57-73
On the Observational Inequivalence of Classical and Keynesian Models
Journal of Political Economy, 1979, 87, (2), 395-402 View citations (9)
Testing for the Role of Speculation in the Forward Exchange Market: A Reply
The Review of Economics and Statistics, 1979, 61, (4), 611-12 View citations (1)
The Current State of the Policy-Ineffectiveness Debate
American Economic Review, 1979, 69, (2), 240-45 View citations (2)
The effectiveness of fiscal feedback rules and automatic stabilizers under rational expectations
Journal of Monetary Economics, 1979, 5, (2), 171-186 View citations (17)

1978

Dating, discounting, and the robustness of the Lucas-Sargent proposition
Journal of Monetary Economics, 1978, 4, (1), 121-129 View citations (2)
Inflation and output fluctuations: A comment on the Dutton and Neumann papers
Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), 277-287
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
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 (5)

1977

Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations
Journal of Political Economy, 1977, 85, (3), 627-34 View citations (7)
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 (3)

1976

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 (1)
On Estimation Assuming Non-Existent Autocorrelation
Australian Economic Papers, 1976, 15, (26), 119-27
Rational Expectations and the Estimation of Econometric Models: AnAlternative Procedure
International Economic Review, 1976, 17, (2), 484-90 View citations (16)
Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
Econometrica, 1976, 44, (1), 43-52 View citations (61)

1975

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 (1)

1974

Competitive Price Adjustments: An Empirical Study
American Economic Review, 1974, 64, (1), 56-65 View citations (1)
The relative impact of monetary and fiscal policy instruments: Some structure-based estimates
Journal of Econometrics, 1974, 2, (3), 283-299
Wage Rate Changes and the Excess Demand for Labour: An Alternative Formulation
Economica, 1974, 41, (163), 269-77 View citations (1)

1973

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

1972

Inventory Holdings, Rational Expectations, and the Law of Supply and Demand
Journal of Political Economy, 1972, 80, (2), 386-93
Relative Asymptotic Bias from Errors of Omission and Measurement
Econometrica, 1972, 40, (4), 757-58 View citations (10)

1970

Artificial Orthogonalization in Regression Analysis
The Review of Economics and Statistics, 1970, 52, (1), 110-13 View citations (1)
The Effect of Demand on Prices in British Manufacturing: Another View
Review of Economic Studies, 1970, 37, (1), 147-56 View citations (2)

1969

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

Books

1996

International Monetary Economics
OUP Catalogue, Oxford University Press View citations (6)

Chapters

2012

Comment on "Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation"
A chapter in The Great Inflation: The Rebirth of Modern Central Banking, 2012

2010

Money and Inflation: Some Critical Issues
Chapter 03 in Handbook of Monetary Economics, 2010, vol. 3, pp 97-153
See also Working Paper (2010)

2009

Comment on "On the Need for a New Approach to Analyzing Monetary Policy"
A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 449-458
Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results
Chapter 7 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 203-225
See also Working Paper (2008)

2006

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)

2002

Inflation Targeting and the Liquidity Trap
Chapter 9 in Inflation Targeting: Desing, Performance, Challenges, 2002, vol. 5, pp 395-438 View citations (11)
See also Working Paper (2001)
Journal Article in Proceedings (2001)

1999

Issues in the design of monetary policy rules
Chapter 23 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1483-1530 View citations (168)
See also Working Paper (1997)
Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model
A chapter in Monetary Policy Rules, 1999, pp 15-56 View citations (93)
See also Working Paper (1998)
Journal Article in Proceedings (1998)

1990

Inflation: Theory and evidence
Chapter 18 in Handbook of Monetary Economics, 1990, vol. 2, pp 963-1012 View citations (24)
See also Working Paper (1991)

Software Items

2004

Software for RE Analysis
QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (4)

Editor

Carnegie-Rochester Conference Series on Public Policy
Elsevier