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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 2014-03-19. Update your information in the RePEc Author Service.

Short-id: pmc4


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Working Papers

2012

  1. A Continuity Refinement for Rational Expectations Solutions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Refining Linear Rational Expectations Models and Equilibria
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. The Role of Money in New-Keynesian Models
    Working Papers, Banco Central de Reserva del Perú Downloads

2011

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

2010

  1. Is the Spurious Regression Problem Spurious?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Economics Letters (2010)
  2. Money and inflation: some critical issues
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads
    See also Chapter (2010)
  3. The Future of Central Banking: A Lesson from United States History
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads
    See also Journal Article in Monetary and Economic Studies (2010)

2009

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

2008

  1. Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (1)

    See also Chapter (2009)
  2. Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Monetary Economics (2009)
  3. Reconsideration of the P-Bar Model of Gradual Price Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in European Economic Review (2008)

2007

  1. Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (109)
    See also Journal Article in Journal of Monetary Economics (2007)
  2. Basic Calvo and P-Bar Models of Price Adjustment: A Comparison
    Kiel Working Papers, Kiel Institute for the World Economy Downloads
  3. Monetary Policy in East Asia: the Case of Singapore
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (2)
    See also Journal Article in Monetary and Economic Studies (2007)

2006

  1. 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 Downloads View citations (4)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
  2. Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2006) Downloads View citations (3)

    See also Journal Article in Oxford Review of Economic Policy (2005)

2005

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

2004

  1. On the Relationship Between Determinate and MSV Solutions in Linear RE Models
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads

    See also Journal Article in Economics Letters (2004)
  2. Targeting vs. Instrument Rules for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2004) Downloads View citations (9)

    See also Journal Article in Review (2005)

2003

  1. Is the Fiscal Theory of the Price Level Learnable?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads

    See also Journal Article in Scottish Journal of Political Economy (2003)
  2. Monetary Policy in Economies with Little or No Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Pacific Economic Review (2004)
  3. Multiple-Solution Indeterminacies in Monetary Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads

    See also Journal Article in Journal of Monetary Economics (2003)
  4. 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 Downloads View citations (8)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (2002)

2002

  1. Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    See also Journal Article in Economics Letters (2002)

2001

  1. Inflation Targeting and the Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2001) Downloads View citations (4)

    See also Chapter (2002)
    Journal Article in Proceedings (2001)
  2. Monetary Policy Analysis in Models Without Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (87)
    See also Journal Article in Review (2001)
  3. Monetary Policy for an Open Economy: An Alternative Framework with Optimising Agents and Sticky Prices
    Discussion Papers, Monetary Policy Committee Unit, Bank of England Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (46)

    See also Journal Article in Oxford Review of Economic Policy (2000)
  4. Should Monetary Policy Respond Strongly to Output Gaps?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (96)
    See also Journal Article in American Economic Review (2001)
  5. Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (18)

    See also Journal Article in Review (2004)

2000

  1. 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 Downloads View citations (24)
    See also Journal Article in Economic Quarterly (2000)
  2. An Optimizing IS-LM Framework with Endogenous Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
    See also Journal Article in Journal of Macroeconomics (2006)
  3. An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (126)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

    See also Journal Article in Journal of Money, Credit and Banking (1999)
  4. Nominal Income Targeting in an Open-Economy Optimizing Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (84)
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations (11)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) Downloads View citations (16)

    See also Journal Article in Journal of Monetary Economics (1999)
  5. Role of the Minimal State Variable Criterion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  6. The Present and Future of Monetary Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article in International Finance (2000)
  7. Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (119)
    See also Journal Article in Journal of Money, Credit and Banking (2000)

1999

  1. Analysis of the Monetary Transmission Mechanism: Methodological Issues
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
  2. Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (5)

    See also Journal Article in Economic Quarterly (2002)
  3. Theoretical Issues Pertaining to Monetary Unions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)

1998

  1. Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (3)

    See also Journal Article in Journal of Monetary Economics (2001)
  2. Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
  3. Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (77)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

    See also Chapter (1999)
    Journal Article in Proceedings (1998)
  4. Solutions to Linear Rational Expectations Models: A Compact Exposition
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads View citations (57)
    See also Journal Article in Economics Letters (1998)

1997

  1. Issues in the Design of Monetary Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    See also Chapter (1999)
  2. Monetary Policy Rules for the Phillipines: An Introductory Study
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
  3. Neoclassical vs. Endogenous Growth Analysis: An Overview
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Economic Quarterly (1996)
  4. The Alleged Instability of Nominal Income Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (2)
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1997) Downloads View citations (28)

1996

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

1995

  1. A Semi-Classical Model of Price Level Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1994)
  2. Two Fallacies Concerning Central Bank Independence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (110)
    See also Journal Article in American Economic Review (1995)

1994

  1. A Monetary Impulse Measure for Medium-Term Policy Analysis
    IMF Working Papers, International Monetary Fund Downloads View citations (4)
  2. A Reconsideration of the Uncovered Interest Parity Relationship
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (147)
    See also Journal Article in Journal of Monetary Economics (1994)
  3. Identification of inflation-unemployment tradeoffs in the 1970s
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
  4. Macroeconomics After Two Decades of Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  5. Monetary Policy and the Term Structure of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (79)
    See also Journal Article in Economic Quarterly (2005)
  6. Specification and Analysis of a Monetary Policy Rule for Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Monetary and Economic Studies (1993)
  7. Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (1)

    See also Journal Article in Journal of International Money and Finance (1994)

1993

  1. Unit Roots in Macroeconomic Time Series: Some Critical Issues
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Economic Quarterly (1993)

1992

  1. Money and Prices in Colonial America: A New Test of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article in Journal of Political Economy (1992)

1991

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

1990

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

1988

  1. The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  2. The Role of Demand Management in the Maintenance of Full Employment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

1987

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

1986

  1. Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: A Critical Review
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1985)
  2. Monetary vs. Fiscal Policy Effects: A Review of the Debate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  3. On Consequences and Criticisms of Monetary Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Money, Credit and Banking (1985)
  4. Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article in Journal of Monetary Economics (1986)
  5. Theoretical analysis of the demand for money
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (6)
    See also Journal Article in Economic Review (1988)

1985

  1. Credibility and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (1984)

1984

  1. A Linearized Version of Lucas's Neutrality Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Canadian Journal of Economics (1984)
  2. Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (56)
    See also Journal Article in Journal of Political Economy (1984)
  3. Macroeconomics After a Decade of Rational Expectations: Some Critical Issues
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Economic Review (1982)
  4. Monetarist Rules in the Light of Recent Experience
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article in American Economic Review (1984)
  5. On Low-Frequency Estimates of "Long-Run" Relationships in Macro- economics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Monetary Economics (1984)
  6. The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Economica (1983)
  7. The Role of Overlapping-Generations Models in Monetary Economics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)

1983

  1. On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (191)
    See also Journal Article in Journal of Monetary Economics (1983)

1982

  1. Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Dallas (1982) Downloads
  2. Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Monetary Economics (1981)

1981

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

Undated

  1. Role of the minimal state variable criterion in rational expectations models
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (2)
    See also Journal Article in International Tax and Public Finance (1999)
  2. Simultaneous Equation Econometrics: The Missing Example
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads
    See also Journal Article in Economic Inquiry (2006)

Journal Articles

2013

  1. El rol del dinero en modelos neokeynesianos
    Revista Estudios Económicos, 2013, (25), 29-38 Downloads

2011

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

2010

  1. Alternatives to the Fed?
    Cato Journal, 2010, 30, (3), 439-449 Downloads View citations (1)
  2. Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis
    Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 107-120 Downloads View citations (3)
  3. Is the spurious regression problem spurious?
    Economics Letters, 2010, 107, (3), 321-323 Downloads View citations (5)
    See also Working Paper (2010)
  4. Optimal Continuation versus the Timeless Perspective in Monetary Policy
    Journal of Money, Credit and Banking, 2010, 42, (6), 1093-1107 Downloads View citations (6)
  5. The Future of Central Banking: A Lesson from United States History
    Monetary and Economic Studies, 2010, 28, 27-34 Downloads
    See also Working Paper (2010)

2009

  1. 2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, The Role of "Determinacy" in Monetary Policy Analysis
    Monetary and Economic Studies, 2009, 27, (1), 25-34 Downloads
  2. Another weakness of "determinacy" as a selection criterion for rational expectations models
    Economics Letters, 2009, 104, (1), 17-19 Downloads View citations (3)
  3. Indeterminancy from inflation forecast targeting: problem or pseudo-problem?
    Economic Quarterly, 2009, (Win), 25-51 Downloads
  4. Inflation determination with Taylor rules: Is new-Keynesian analysis critically flawed?
    Journal of Monetary Economics, 2009, 56, (8), 1101-1108 Downloads View citations (7)
    See also Working Paper (2008)
  5. Rejoinder to Cochrane
    Journal of Monetary Economics, 2009, 56, (8), 1114-1115 Downloads View citations (5)

2008

  1. How Important Is Money in the Conduct of Monetary Policy? A Comment
    Journal of Money, Credit and Banking, 2008, 40, (8), 1783-1790 Downloads View citations (9)
  2. Introductory Remarks
    Monetary and Economic Studies, 2008, 26, 31-36 Downloads
  3. Reconsideration of the P-bar model of gradual price adjustment
    European Economic Review, 2008, 52, (8), 1480-1493 Downloads View citations (3)
    See also Working Paper (2008)

2007

  1. Banking and interest rates in monetary policy analysis: A quantitative exploration
    Journal of Monetary Economics, 2007, 54, (5), 1480-1507 Downloads View citations (95)
    Also in Proceedings, 2007 (2007) Downloads View citations (104)

    See also Working Paper (2007)
  2. 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 Downloads View citations (34)
    See also Working Paper (2006)
  3. Inflation Targeting for the United States?
    Cato Journal, 2007, 27, (2), 261-271 Downloads View citations (1)
  4. Monetary Policy in East Asia: The Case of Singapore
    Monetary and Economic Studies, 2007, 25, (S1), 13-28 Downloads View citations (2)
    See also Working Paper (2007)

2006

  1. An optimizing IS-LM framework with endogenous investment
    Journal of Macroeconomics, 2006, 28, (4), 621-644 Downloads View citations (9)
    See also Working Paper (2000)
  2. Misconceptions Regarding the Zero Lower Bound on Interest Rates
    Monetary and Economic Studies, 2006, 24, (S1), 13-26 Downloads
  3. Simultaneous Equation Econometrics: The Missing Example
    Economic Inquiry, 2006, 44, (2), 374-384 Downloads View citations (7)
    See also Working Paper

2005

  1. Commentary on "targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?"
    Review, 2005, (Sep), 627-632 Downloads
  2. 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)
  3. Monetary policy and the term structure of interest rates
    Economic Quarterly, 2005, (Fall), 1-21 Downloads View citations (13)
    See also Working Paper (1994)
  4. Panel discussion I: what have we learned since October 1979?
    Review, 2005, (Mar), 277-292 Downloads
  5. Targeting versus instrument rules for monetary policy
    Review, 2005, (Sep), 597-612 Downloads View citations (10)
    Also in Proceedings, 2005, 225-245 (2005) Downloads View citations (11)

    See also Working Paper (2004)
  6. What Is the Proper Perspective for Monetary Policy Optimality?
    Monetary and Economic Studies, 2005, 23, (S1), 13-24 Downloads View citations (3)

2004

  1. Long-Run Monetary Neutrality and Contemporary Policy Analysis: Keynote Speech
    Monetary and Economic Studies, 2004, 22, (S1), 15-28 Downloads View citations (2)
  2. MONETARY POLICY IN ECONOMIES WITH LITTLE OR NO MONEY
    Pacific Economic Review, 2004, 9, (2), 81-92 Downloads View citations (1)
    See also Working Paper (2003)
  3. Misconceptions Regarding Rules vs. Discretion for Monetary Policy
    Cato Journal, 2004, 23, (3), 365-372 Downloads View citations (2)
  4. On the relationship between determinate and MSV solutions in linear RE models
    Economics Letters, 2004, 84, (1), 55-60 Downloads View citations (13)
    See also Working Paper (2004)
  5. Timeless perspective vs. discretionary monetary policy in forward-looking models
    Review, 2004, (Mar), 43-56 Downloads View citations (52)
    See also Working Paper (2001)

2003

  1. Is The Fiscal Theory of the Price Level Learnable?
    Scottish Journal of Political Economy, 2003, 50, (5), 634-649 Downloads View citations (17)
    See also Working Paper (2003)
  2. Japanese monetary policy, 1991-2001
    Economic Quarterly, 2003, (Win), 1-31 Downloads View citations (2)
  3. Multiple-solution indeterminacies in monetary policy analysis
    Journal of Monetary Economics, 2003, 50, (5), 1153-1175 Downloads View citations (45)
    See also Working Paper (2003)

2002

  1. Recent developments in monetary policy analysis: the roles of theory and evidence
    Economic Quarterly, 2002, (Win), 67-96 Downloads View citations (9)
    Also in Journal of Economic Methodology, 1999, 6, (2), 171-198 (1999) Downloads View citations (10)

    See also Working Paper (1999)
  2. The non-optimality of proposed monetary policy rules under timeless perspective commitment
    Economics Letters, 2002, 77, (2), 163-168 Downloads View citations (41)
    See also Working Paper (2002)

2001

  1. Indeterminacy, bubbles, and the fiscal theory of price level determination
    Journal of Monetary Economics, 2001, 47, (1), 19-30 Downloads View citations (33)
    See also Working Paper (1998)
  2. Inflation targeting and the liquidity trap
    Proceedings, 2001, (Mar) Downloads View citations (18)
    See also Chapter (2002)
    Working Paper (2001)
  3. Monetary policy analysis in models without money
    Review, 2001, (Jul), 145-164 Downloads View citations (91)
    See also Working Paper (2001)
  4. Should Monetary Policy Respond Strongly to Output Gaps?
    American Economic Review, 2001, 91, (2), 258-262 Downloads View citations (97)
    See also Working Paper (2001)

2000

  1. Alternative monetary policy rules: a comparison with historical settings for the United States, the United Kingdom, and Japan
    Economic Quarterly, 2000, (Win), 49-79 Downloads View citations (19)
    See also Working Paper (2000)
  2. 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 (69)
    See also Working Paper (2001)
  3. On signal extraction and non-certainty-equivalence in optimal monetary policy rules, comments
    Proceedings, 2000 Downloads View citations (1)
  4. The Present and Future of Monetary Policy Rules
    International Finance, 2000, 3, (2), 273-86 Downloads View citations (20)
    See also Working Paper (2000)
  5. Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    Journal of Money, Credit and Banking, 2000, 32, (4), 870-904 View citations (110)
    Also in Conference Series ; [Proceedings], 2000, 870-935 (2000) View citations (105)

    See also Working Paper (2000)

1999

  1. AN INTERVIEW WITH ROBERT E. LUCAS, JR
    Macroeconomic Dynamics, 1999, 3, (02), 278-291 Downloads View citations (2)
  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 (128)
    See also Working Paper (2000)
  3. Introduction to the series
    Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), v-v Downloads
    Also in Carnegie-Rochester Conference Series on Public Policy, 1997, 46, (1), v-v (1997) Downloads
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), vii-vii (1998) Downloads
    Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), v-v (1997) Downloads
    Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), v-v (1999) Downloads
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), v-v (1998) Downloads
  4. Nominal income targeting in an open-economy optimizing model
    Journal of Monetary Economics, 1999, 43, (3), 553-578 Downloads View citations (212)
    See also Working Paper (2000)
  5. Recent developments in the analysis of monetary policy rules
    Review, 1999, (Nov), 3-12 Downloads View citations (26)
  6. Role of the Minimal State Variable Criterion in Rational Expectations Models
    International Tax and Public Finance, 1999, 6, (4), 621-639 Downloads View citations (51)
    See also Working Paper

1998

  1. AN INTERVIEW WITH ALLAN MELTZER
    Macroeconomic Dynamics, 1998, 2, (02), 238-283 Downloads
  2. Performance of operational policy rules in an estimated semi-classical structural model
    Proceedings, 1998, (Mar) View citations (22)
    See also Chapter (1999)
    Working Paper (1998)
  3. Solutions to linear rational expectations models: a compact exposition
    Economics Letters, 1998, 61, (2), 143-147 Downloads View citations (50)
    See also Working Paper (1998)
  4. Stickiness: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 357-363 Downloads View citations (7)

1997

  1. Crucial issues concerning central bank independence
    Journal of Monetary Economics, 1997, 39, (1), 99-112 Downloads View citations (95)
    See also Working Paper (1996)

1996

  1. Base Money Rules in the United Kingdom
    The Manchester School of Economic & Social Studies, 1996, 64, 1-27 View citations (1)
  2. How should central banks reduce inflation? conceptual issues (commentary)
    Proceedings - Economic Policy Symposium - Jackson Hole, 1996, 105-114 Downloads
  3. Neoclassical vs. endogenous growth analysis: an overview
    Economic Quarterly, 1996, (Fall), 41-71 Downloads View citations (10)
    See also Working Paper (1997)
  4. The sensitivity of empirical studies to alternative measures of the monetary base and reserves - commentary
    Review, 1996, (Nov), 73-75 Downloads

1995

  1. Two Fallacies Concerning Central-Bank Independence
    American Economic Review, 1995, 85, (2), 207-11 Downloads View citations (122)
    See also Working Paper (1995)

1994

  1. A reconsideration of the uncovered interest parity relationship
    Journal of Monetary Economics, 1994, 33, (1), 105-132 Downloads View citations (137)
    See also Working Paper (1994)
  2. A semi-classical model of price-level adjustment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 251-284 Downloads View citations (8)
    See also Working Paper (1995)
  3. How can monetary policy be improved?
    Conference Series ; [Proceedings], 1994, 38, 245-249 Downloads
  4. Identification of inflation-unemployment tradeoffs in the 1970s a comment
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 231-241 Downloads View citations (1)
  5. Monetary policy without monetary aggregates (conference panel discussion)
    Review, 1994, (Mar), 216-218 Downloads
    Also in Proceedings, 1994, (Mar), 216-218 (1994) Downloads
  6. Specification of policy rules and performance measures in multicountry simulation studies
    Journal of International Money and Finance, 1994, 13, (3), 259-275 Downloads View citations (4)
    See also Working Paper (1994)

1993

  1. "Specification and Analysis of a Monetary Policy Rule for Japan" Reply to Comments by Kunio Okina
    Monetary and Economic Studies, 1993, 11, (2), 55-57 Downloads
  2. Comments on paper by Hess, Small, and Brayton
    Proceedings, 1993 Downloads
  3. Discretion versus policy rules in practice: two critical points: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 215-220 Downloads View citations (15)
  4. Specification and Analysis of a Monetary Policy Rule for Japan
    Monetary and Economic Studies, 1993, 11, (2), 1-45 Downloads View citations (14)
    See also Working Paper (1994)
  5. Unit roots in macroeconomic time series: some critical issues
    Economic Quarterly, 1993, (Spr), 13-44 Downloads View citations (9)
    See also Working Paper (1993)

1992

  1. Money and Prices in Colonial America: A New Test of Competing Theories
    Journal of Political Economy, 1992, 100, (1), 143-61 Downloads View citations (21)
    See also Working Paper (1992)

1991

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

1990

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

1989

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

1988

  1. Postwar Developments in Business Cycle Theory: A Moderately Classical Perspective
    Journal of Money, Credit and Banking, 1988, 20, (3), 459-71 Downloads
    Also in Proceedings, 1988, 459-478 (1988)
  2. Reply to comments by Benjamin Friedman
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 213-214 Downloads View citations (1)
  3. Robustness properties of a rule for monetary policy
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 173-203 Downloads View citations (204)
  4. Theoretical analysis of the demand of money
    Economic Review, 1988, (Jan), 16-24 Downloads View citations (1)
    See also Working Paper (1986)

1987

  1. The Development of Keynesian Macroeconomics
    American Economic Review, 1987, 77, (2), 125-29 Downloads View citations (1)
    See also Working Paper (1987)
  2. The case for rules in the conduct of monetary policy: a concrete example
    Economic Review, 1987, (Sep), 10-18 Downloads View citations (38)

1986

  1. Estimating the long-run relationship between interest rates and inflation: A reply
    Journal of Monetary Economics, 1986, 18, (1), 87-90 Downloads
  2. On "Real' and "Sticky-Price' Theories of the Business Cycle
    Journal of Money, Credit and Banking, 1986, 18, (4), 397-414 Downloads View citations (6)
    See also Working Paper (1987)
  3. Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine
    Journal of Monetary Economics, 1986, 17, (1), 135-160 Downloads View citations (38)
    See also Working Paper (1986)

1985

  1. 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 Downloads View citations (5)
    See also Working Paper (1986)
  2. On Consequences and Criticisms of Monetary Targeting
    Journal of Money, Credit and Banking, 1985, 17, (4), 570-97 Downloads View citations (21)
    See also Working Paper (1986)

1984

  1. A Linearized Version of Lucas's Neutrality Model
    Canadian Journal of Economics, 1984, 17, (1), 138-45 Downloads View citations (2)
    See also Working Paper (1984)
  2. Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
    Journal of Political Economy, 1984, 92, (1), 123-35 Downloads View citations (46)
    See also Working Paper (1984)
  3. Credibility and monetary policy
    Proceedings - Economic Policy Symposium - Jackson Hole, 1984, 105-135 View citations (4)
    See also Working Paper (1985)
  4. 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 Downloads
  5. Monetarist Rules in the Light of Recent Experience
    American Economic Review, 1984, 74, (2), 388-91 Downloads View citations (15)
    See also Working Paper (1984)
  6. On low-frequency estimates of long-run relationships in macroeconomics
    Journal of Monetary Economics, 1984, 14, (1), 3-14 Downloads View citations (23)
    See also Working Paper (1984)

1983

  1. A reconsideration of Sims' evidence concerning monetarism
    Economics Letters, 1983, 13, (2-3), 167-171 Downloads View citations (22)
  2. 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 Downloads View citations (13)
  3. On non-uniqueness in rational expectations models: An attempt at perspective
    Journal of Monetary Economics, 1983, 11, (2), 139-168 Downloads View citations (154)
    See also Working Paper (1983)
  4. Reply to Bryant and Wallace
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 57-58 Downloads
  5. The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
    Economica, 1983, 50, (200), 395-405 Downloads View citations (2)
    See also Working Paper (1984)
  6. The role of overlapping-generations models in monetary economics
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 9-44 Downloads View citations (31)
    See also Working Paper (1984)
  7. `A model of commodity money' by Thomas J. Sargent and Neil Wallace
    Journal of Monetary Economics, 1983, 12, (1), 189-196 Downloads

1982

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

1981

  1. Monetarist Principles and the Money Stock Growth Rule
    American Economic Review, 1981, 71, (2), 134-38 Downloads View citations (4)
    See also Working Paper (1981)
  2. Price level determinacy with an interest rate policy rule and rational expectations
    Journal of Monetary Economics, 1981, 8, (3), 319-329 Downloads View citations (91)
    See also Working Paper (1982)
  3. 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 Downloads

1980

  1. A comment on the Sargent paper
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 155-159 Downloads
  2. Hahn's Theoretical Viewpoint on Unemployment: A Comment
    Economica, 1980, 47, (187), 299-303 Downloads View citations (1)
  3. Rational Expectations and Macroeconomic Stabilization Policy: An Overview
    Journal of Money, Credit and Banking, 1980, 12, (4), 716-46 Downloads View citations (32)

1979

  1. A monetary policy ineffectiveness result in a model with a predetermined price level
    Economics Letters, 1979, 3, (1), 1-4 Downloads View citations (8)
  2. Monetarism, Rational Expectations, Oligopolistic Pricing, and the MPS Econometric Model
    Journal of Political Economy, 1979, 87, (1), 57-73 Downloads
  3. On the Observational Inequivalence of Classical and Keynesian Models
    Journal of Political Economy, 1979, 87, (2), 395-402 Downloads View citations (9)
  4. Testing for the Role of Speculation in the Forward Exchange Market: A Reply
    The Review of Economics and Statistics, 1979, 61, (4), 611-12 Downloads View citations (1)
  5. The Current State of the Policy-Ineffectiveness Debate
    American Economic Review, 1979, 69, (2), 240-45 View citations (3)
  6. The effectiveness of fiscal feedback rules and automatic stabilizers under rational expectations
    Journal of Monetary Economics, 1979, 5, (2), 171-186 Downloads View citations (18)

1978

  1. Dating, discounting, and the robustness of the Lucas-Sargent proposition
    Journal of Monetary Economics, 1978, 4, (1), 121-129 Downloads View citations (2)
  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 Downloads
  3. 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 Downloads
  4. Price Level Adjustments and the Rational Expectations Approach to Macroeconomic Stabilization Policy
    Journal of Money, Credit and Banking, 1978, 10, (4), 418-36 Downloads View citations (5)

1977

  1. Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations
    Journal of Political Economy, 1977, 85, (3), 627-34 Downloads View citations (8)
  2. 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 Downloads View citations (2)

1976

  1. 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)
  2. On Estimation Assuming Non-Existent Autocorrelation
    Australian Economic Papers, 1976, 15, (26), 119-27
  3. Rational Expectations and the Estimation of Econometric Models: AnAlternative Procedure
    International Economic Review, 1976, 17, (2), 484-90 Downloads View citations (19)
  4. Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
    Econometrica, 1976, 44, (1), 43-52 Downloads View citations (66)

1975

  1. 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

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

1973

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

1972

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

1970

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

1969

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

Books

1996

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

Chapters

2012

  1. 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, pp 244-250 Downloads

2010

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

2009

  1. 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 Downloads
  2. 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 Downloads
    See also Working Paper (2008)

2006

  1. 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 Downloads
    See also Working Paper (2005)

2002

  1. Inflation Targeting and the Liquidity Trap
    Chapter 9 in Inflation Targeting: Desing, Performance, Challenges, 2002, vol. 5, pp 395-438 Downloads View citations (4)
    See also Working Paper (2001)
    Journal Article in Proceedings (2001)

1999

  1. Issues in the design of monetary policy rules
    Chapter 23 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1483-1530 Downloads View citations (166)
    See also Working Paper (1997)
  2. Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model
    A chapter in Monetary Policy Rules, 1999, pp 15-56 Downloads View citations (97)
    See also Working Paper (1998)
    Journal Article in Proceedings (1998)

1990

  1. Inflation: Theory and evidence
    Chapter 18 in Handbook of Monetary Economics, 1990, vol. 2, pp 963-1012 Downloads View citations (23)
    See also Working Paper (1991)

Software Items

2004

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

Editor

  1. Carnegie-Rochester Conference Series on Public Policy
    Elsevier
 
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