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Details about Frederic Mishkin
Access statistics for papers by Frederic Mishkin.
Last updated 2009-09-15. Update your information in the RePEc Author Service .
Short-id: pmi37
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Journal Articles Books Chapters
Working Papers
2009
Is Monetary Policy Effective During Financial Crises?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in American Economic Review (2009)
2008
Does Stabilizing Inflation Contribute To Stabilizing Economic Activity?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Exchange Rate Pass-Through And Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Globalization, Macroeconomic Performance, and Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Money, Credit and Banking (2009)
2007
Does Inflation Targeting Make a Difference?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations Working Papers, Czech National Bank, Research Department (2006) View citations
Housing and the Monetary Transmission Mechanism
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations
See also Journal Article in Proceedings (2007)
Inflation Dynamics
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in International Finance (2007)
Will Monetary Policy Become More of a Science?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations
2006
Inflation Band Targeting and Optimal Inflation Contracts
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Hunter College Department of Economics Working Papers, Hunter College: Department of Economics (2006) View citations
See also Journal Article in Journal of Money, Credit and Banking (2008)
Monetary Policy Strategy: How Did We Get Here?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Working Papers, Faculty of economics, Department of Economics (2006) View citations
Monetary Policy Under Inflation Targeting: An Introduction
Working Papers Central Bank of Chile, Central Bank of Chile
See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2006)
2005
How Big a Problem is Too Big to Fail?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Is Financial Globalization Beneficial?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Money, Credit and Banking (2007)
2004
Can Central Bank Transparency Go Too Far?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (2004)
Can Inflation Targeting Work in Emerging Market Countries?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Two Decades of Japanese Monetary Policy and the Deflation Problem
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (2006)
2003
Inflation Targeting in Transition Countries: Experience and Prospects
NBER Working Papers, National Bureau of Economic Research, Inc View citations
The Mirage of Exchange Rate Regimes for Emerging Market Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Economic Perspectives (2003)
2002
The Role of Output Stabilization in the Conduct of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in International Finance (2002)
U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Departmental Working Papers, Rutgers University, Department of Economics (2002) View citations
2001
Financial Policies and the Prevention of Financial Crises in Emerging Market Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Financial policies and the prevention of financial crises in emerging market economies
Policy Research Working Paper Series, The World Bank View citations
From monetary targeting to inflation targeting: lessons from the industrialized countries
Policy Research Working Paper Series, The World Bank
Monetary policy strategies for Latin America
Policy Research Working Paper Series, The World Bank View citations
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
See also Journal Article in Journal of Development Economics (2001)
One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?
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
The Transmission Mechanism and the Role of Asset Prices in Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
2000
Causes of the Korean Financial Crisis: Lessons for Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Financial stability and the Macroeconomy
Economics, Department of Economics, Central bank of Iceland
Inflation Targeting in Emerging Market Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in American Economic Review (2000)
International Experiences with Different Monetary Policy Regimes
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 NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
Lessons from the Asian Crisis
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Journal of International Money and Finance (1999)
Prudential Supervision: Why Is It Important and What are the Issues?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (2001)
Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
NBER Working Papers, National Bureau of Economic Research, Inc
Also in Research Paper, Federal Reserve Bank of New York (1998) View citations
See also Chapter (1999)
1999
Bank Consolidation: A Central Banker's Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Financial Consolidation: Dangers and Opportunities
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Banking & Finance (1999)
International Capital Movements, Financial Volatility and Financial Instability
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Predicting U.S. Recessions: Financial Variables as Leading Indicators
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Research Paper, Federal Reserve Bank of New York (1996) View citations
See also Journal Article in The Review of Economics and Statistics (1998)
What Will Technology Do to Financial Structure?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
1998
Inflation Targeting: Lessons from Four Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Economic Policy Review (1997)
Strategies for Controlling Inflation
NBER Working Papers, National Bureau of Economic Research, Inc
See also Chapter (1997)
The Term Structure of Interest Rates and Its Role in Monetary Policy for The European Central Bank
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Research Paper, Federal Reserve Bank of New York (1995) View citations
1997
An Empirical Examination of the Fisher Effect in Australia
NBER Working Papers, National Bureau of Economic Research, Inc
Also in RBA Research Discussion Papers, Reserve Bank of Australia (1994) View citations
See also Journal Article in The Economic Record (1995)
Inflation Targeting: A New Framework for Monetary Policy?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Economic Perspectives (1997)
Understanding Financial Crises: A Developing Country Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations
1996
Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Monetary Economics (1997)
The Channels of Monetary Transmission: Lessons for Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
1995
Preventing Financial Crises: An International Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in The Manchester School of Economic & Social Studies (1994)
The Decline of Traditional Banking: Implications for Financial Stabilityand Regulatory Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Economic Policy Review (1995)
The Rational Expectations Revolution: A Review Article of: Preston J. Miller, ed.:The Rational Expectations Revolution, Readings from the Front Line
NBER Working Papers, National Bureau of Economic Research, Inc
1993
Central Bank Behavior and the Strategy of Monetary Policy: Observations From Six Industrialized Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (1992)
Is the Fisher Effect for Real? A Reexamination of the Relationship Between Inflation and Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Monetary Economics (1992)
1992
Anatomy of a Financial Crisis
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Evolutionary Economics (1992)
1991
A Multi-Country Comparison of Term Structure Forecasts at Long Horizons
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Financial Economics (1991)
A Multi-Country Study of the Information in the Term Structure about Future Inflation
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Asymmetric Information and Financial Crises: A Historical Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (1991)
Does Correcting for Heteroskedasticity Help?
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Economics Letters (1990)
Financial Innovation and Current Trends in U.S. Financial Markets
NBER Working Papers, National Bureau of Economic Research, Inc View citations
The Information in the Longer Maturity Term Structure about Future Inflation
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in The Quarterly Journal of Economics (1990)
1990
Can Futures Market Data Be Used to Understand the Behavior of Real Interest Rates?
NBER Working Papers, National Bureau of Economic Research, Inc
Also in Working Papers, Columbia - Graduate School of Business (1989)
See also Journal Article in Journal of Finance (1990)
What Does the Term Structure Tell Us About Future Inflation?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
Also in Working Papers, Columbia - Graduate School of Business (1988) View citations
See also Journal Article in Journal of Monetary Economics (1990)
Yield Curve
NBER Working Papers, National Bureau of Economic Research, Inc View citations
1989
The Information in the Term Structure: Some Further Results
NBER Working Papers, National Bureau of Economic Research, Inc
Also in Working Papers, Columbia - Graduate School of Business (1988) View citations
See also Journal Article in Journal of Applied Econometrics (1988)
Understanding Real Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc
Also in Working Papers, Columbia - Graduate School of Business (1988) View citations
1987
The International Linkage of Real Interest Rates: The European - U.S. Connection
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of International Money and Finance (1986)
U.S. Macroeconomic Policy and Performance in the 1980s: An Overview
NBER Working Papers, National Bureau of Economic Research, Inc View citations
1986
Monetary Policy Regime Shifts and the Unusual Behavior of Real Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1986)
1985
Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Finance (1984)
Inflation and Real Interest Rates on Assets with Different Risk Characteristics
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Journal of Finance (1984)
The Real Interest Rate: A Multi-Country Empirical Study
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Canadian Journal of Economics (1984)
1984
The Causes of Inflation
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article in Proceedings (1984)
1983
An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Monetary Economics (1983)
1982
Does Anticipated Aggregate Demand Policy Matter? Further Econometric results
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in American Economic Review (1982)
Does Anticipated Monetary Policy Matter? An Econometric Investigation
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Political Economy (1982)
Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Finance (1982)
The Real Interest Rate: An Empirical Investigation
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1981)
The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Econometrica (1982)
1981
Are Market Forecasts Rational?
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Chapter (1983) Journal Article in American Economic Review (1981)
Monetary Policy and Long-Term Interest Rates: An Efficient Markets Approach
NBER Working Papers, National Bureau of Economic Research, Inc View citations
See also Journal Article in Journal of Monetary Economics (1981)
1974
Electric Utility Fuel Choice Behavior in the United States
Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations
See also Journal Article in International Economic Review (1977)
Journal Articles
2009
Globalization and financial development
Journal of Development Economics , 2009, 89 , (2), 164-169
Globalization, Macroeconomic Performance, and Monetary Policy
Journal of Money, Credit and Banking , 2009, 41 , (s1), 187-196
Also in Proceedings , 2008 (2008) View citations
See also Working Paper (2008)
Is Monetary Policy Effective during Financial Crises?
American Economic Review , 2009, 99 , (2), 573-77 View citations
See also Working Paper (2009)
2008
Central bank commitment and communication: a speech at the Princeton University Center for Economic Policy Studies Dinner, New York, New York, April 3, 2008
Speech , 2008
Challenges for Inflation Targeting in Emerging Market Countries
Emerging Markets Finance and Trade , 2008, 44 , (6), 5-16
Comfort zones, shmumfort zones: a speech at the Sandridge Lecture of the Virginia Association of Economists and the H. Parker Willis Lecture of Washington and Lee University, Lexington, Virginia, March 27, 2008
Speech , 2008
Does stabilizing inflation contribute to stabilizing economic activity? a speech at the East Carolina University's Beta Gamma Sigma Distinguished Lecture Series, Greenville, North Carolina, February 25, 2008
Speech , 2008
Exchange rate pass-through and monetary policy: a speech at the Norges Bank Conference on Monetary Policy, Oslo, Norway, March 7, 2008
Speech , 2008
Global financial turmoil and the world economy: a speech at the Caesarea Forum of the Israel Democracy Institute, Eliat, Israel, July 2, 2008
Web Site , 2008
How should we respond to asset price bubbles?: a speech at the Wharton Financial Institutions Center and Oliver Wyman Institute's Annual Financial Risk Roundtable, Philadelphia, Pennsylvania, May 15, 2008
Web Site , 2008
Inflation Band Targeting and Optimal Inflation Contracts
Journal of Money, Credit and Banking , 2008, 40 , (4), 557-582 View citations
See also Working Paper (2006)
Monetary policy flexibility, risk management, and financial disruptions: a speech at the Federal Reserve Bank of New York, New York, New York, January 11, 2008
Speech , 2008
On "Leveraged losses: lessons from the mortgage meltdown": a speech at the U.S. Monetary Policy Forum, New York, New York, February 29, 2008
Speech , 2008
Outlook and risks for the U.S. economy: a speech at the National Association for Business Economics Washington Policy Conference, Washington, D.C., March 4, 2008
Speech , 2008
Small business lending: testimony before the Committee on Small Business and Entrepreneurship, U.S. Senate, April 16, 2008
Speech , 2008
The Federal Reserve's tools for responding to financial disruptions: a speech at the Tuck Global Capital Markets Conference, Tuck School of Business, Dartmouth College, Hanover, New Hampshire, February 15, 2008
Speech , 2008
The United States in the international financial system: a separate reality? resolving two puzzles in the international accounts: a speech at the Central Bank of Argentina 2008 Money and Banking Conference, Buenos Aires, Argentina, September 1, 2008
Web Site , 2008
The importance of economic education and financial literacy: a speech at the Third National Summit on Economic and Financial Literacy, Washington, D.C., February 27, 2008
Speech , 2008
Whither Federal Reserve communications: a speech at the Peterson Institute for International Economics, Washington, D.C., July 28, 2008
Web Site , 2008
2007
"Housing and the monetary transmission mechanism," Finance and Economics Discussion Series Working Paper: a speech at the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson Hole, Wyoming, September 1, 2007
Speech , 2007
Availability of credit to small businesses: testimony before the Committee on Small Business, U.S. House of Representatives, November 7, 2007
Speech , 2007
Credit card disclosures: testimony before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S. House of Representatives, June 7, 2007
Speech , 2007
Estimating potential output: a speech at the Conference on Price Measurement for Monetary Policy, Federal Reserve Bank of Dallas, Dallas, Texas, May 24, 2007
Speech , 2007
Financial instability and monetary policy: a speech at the Risk USA 2007 Conference, New York, New York, November 5, 2007
Speech , 2007
Financial instability and the Federal Reserve as a liquidity provider: a speech at the Museum of American Finance Commemoration of the Panic of 1907, New York, New York, October 26, 2007
Speech , 2007
Globalization and financial development: a speech at the Econometric Society at Duke University Lecture, Durham, North Carolina, June 23, 2007
Speech , 2007, (Jun)
Globalization and financial development: a speech to the New Perspectives on Financial Globalization Conference, International Monetary Fund, Washington, D.C., April 26, 2007
Speech , 2007
Globalization, macroeconomic performance, and monetary policy: a speech at the Domestic Prices in an Integrated World Economy Conference, Board of Governors of the Federal Reserve System, Washington, D.C., September 27, 2007
Speech , 2007
Headline versus core inflation in the conduct of monetary policy: a speech at the Business Cycles, International Transmission and Macroeconomic Policies Conference, HEC Montreal, Montreal, Canada, October 20, 2007
Speech , 2007
Housing and the monetary transmission mechanism
Proceedings , 2007, 359-413 View citations
See also Working Paper (2007)
Inflation Dynamics*
International Finance , 2007, 10 , (3), 317-334 View citations
See also Working Paper (2007)
Inflation dynamics: a speech at the Annual Macro Conference, Federal Reserve Bank of San Francisco, San Francisco, California, March 23, 2007
Speech , 2007
Is Financial Globalization Beneficial?
Journal of Money, Credit and Banking , 2007, 39 , (2-3), 259-294 View citations
See also Working Paper (2005)
Monetary policy and the dual mandate: a speech at Bridgewater College, Bridgewater, Virginia, April 10, 2007
Speech , 2007
Outlook and risks for the U.S. economy: a speech to the Money Marketeers of New York University, New York, New York, September 10, 2007
Speech , 2007
Systemic risk and the international lender of last resort: a speech at the Tenth Annual International Banking Conference, Federal Reserve Bank of Chicago, Chicago, Illinois, September 28, 2007
Speech , 2007
The Federal Reserve’s enhanced communication strategy and the science of monetary policy: a speech to the Undergraduate Economics Association, Massachusetts Institute of Technology, Cambridge, Massachusetts, November 29, 2007
Speech , 2007
The U.S. economic outlook: a speech at the Levy Economics Institute of Bard College, Annandale-on-Hudson, New York, April 20, 2007
Speech , 2007
The role of house prices in formulating monetary policy: a speech at the Forecasters Club of New York, New York City, New York, January 17, 2007
Speech , 2007
Will monetary policy become more of a science: a speech at Monetary Policy over Fifty Years, a conference to mark the fiftieth anniversary of the Deutsche Bundesbank, Frankfurt, Germany, September 21, 2007
Speech , 2007
2006
Globalization: a force for good?: a speech at the Weissman Center Distinguished Lecture Series, Baruch College, New York, New York, October 17, 2006
Speech , 2006
How Big a Problem is Too Big to Fail? A Review of Gary Stern and Ron Feldman's Too Big to Fail: The Hazards of Bank Bailouts
Journal of Economic Literature , 2006, 44 , (4), 988-1004
MONETARY POLICY UNDER INFLATION TARGETING: AN INTRODUCTION
Journal Economía Chilena (The Chilean Economy) , 2006, 9 , (3), 5-17 View citations
See also Working Paper (2006)
2005
The Fed after Greenspan
Eastern Economic Journal , 2005, 31 , (3), 317-332
2004
Conference overview and summary of papers
Economic Policy Review , 2004, (Sep), 3-6
Why the Federal Reserve Should Adopt Inflation Targeting
International Finance , 2004, 7 , (1), 117-127 View citations
2003
The Mirage of Exchange Rate Regimes for Emerging Market Countries
Journal of Economic Perspectives , 2003, 17 , (4), 99-118 View citations
See also Working Paper (2003)
2002
Does inflation targeting matter? - commentary
Review , 2002, (Jul), 149-154 View citations
Overview: rethinking stabilization policy
Proceedings , 2002, 439-446
The Role of Output Stabilization in the Conduct of Monetary Policy
International Finance , 2002, 5 , (2), 213-27 View citations
See also Working Paper (2002)
2001
Monetary policy strategies for Latin America
Journal of Development Economics , 2001, 66 , (2), 415-444 View citations
See also Working Paper (2001)
2000
Inflation Targeting in Emerging-Market Countries
American Economic Review , 2000, 90 , (2), 105-109 View citations
See also Working Paper (2000)
The Korean financial crisis: an asymmetric information perspective
Emerging Markets Review , 2000, 1 , (1), 21-52 View citations
What should central banks do?
Review , 2000, (Dec), 1-14 View citations
1999
Financial consolidation: Dangers and opportunities
Journal of Banking & Finance , 1999, 23 , (2-4), 675-691 View citations
See also Working Paper (1999)
Global Financial Instability: Framework, Events, Issues
Journal of Economic Perspectives , 1999, 13 , (4), 3-20 View citations
International experiences with different monetary policy regimesMishkin, 1998b). Any views expressed in this paper are those of the author only and not those of Columbia University or the National Bureau of Economic Research
Journal of Monetary Economics , 1999, 43 , (3), 579-605
Lessons from the Asian crisis
Journal of International Money and Finance , 1999, 18 , (4), 709-723 View citations
See also Working Paper (2000)
Lessons from the Tequila Crisis
Journal of Banking & Finance , 1999, 23 , (10), 1521-1533 View citations
1998
Predicting U.S. Recessions: Financial Variables As Leading Indicators
The Review of Economics and Statistics , 1998, 80 , (1), 45-61 View citations
See also Working Paper (1999)
The Dangers of Exchange-Rate Pegging in Emerging-Market Countries
International Finance , 1998, 1 , (1), 81-101 View citations
1997
Comment on "The Optimum Quantity of Money."
Journal of Money, Credit and Banking , 1997, 29 , (4), 716-19
Inflation Targeting: A New Framework for Monetary Policy?
Journal of Economic Perspectives , 1997, 11 , (2), 97-116 View citations
See also Working Paper (1997)
Inflation targeting: lessons from four countries
Economic Policy Review , 1997, (Aug), 9-110 View citations
See also Working Paper (1998)
Is there a role for monetary aggregates in the conduct of monetary policy?
Journal of Monetary Economics , 1997, 40 , (2), 279-304 View citations
See also Working Paper (1996)
The causes and propagation of financial instability: lessons for policy makers
Proceedings , 1997, 55-96 View citations
The predictive power of the term structure of interest rates in Europe and the United States: Implications for the European Central Bank
European Economic Review , 1997, 41 , (7), 1375-1401 View citations
1996
The yield curve as a predictor of U.S. recessions
Current Issues in Economics and Finance , 1996, (Jun) View citations
1995
An Empirical Examination of the Fisher Effect in Australia
The Economic Record , 1995, 71 , (214), 217-29 View citations
See also Working Paper (1997)
Nonstationarity of Regressors and Tests on Real-Interest-Rate Behavior
Journal of Business & Economic Statistics , 1995, 13 , (1), 47-51 View citations
Symposium on the Monetary Transmission Mechanism
Journal of Economic Perspectives , 1995, 9 , (4), 3-10 View citations
The decline of traditional banking: implications for financial stability and regulatory policy
Economic Policy Review , 1995, (Jul), 27-45 View citations
See also Working Paper (1995)
1994
Can the central bank achieve price stability? (commentary)
Proceedings , 1994, (Mar), 204-207
Preventing Financial Crises: An International Perspective
The Manchester School of Economic & Social Studies , 1994, 62 , 1-40 View citations
See also Working Paper (1995)
1992
An Evaluation of the Treasury Plan for Banking Reform
Journal of Economic Perspectives , 1992, 6 , (1), 133-53 View citations
Anatomy of a Financial Crisis
Journal of Evolutionary Economics , 1992, 2 , (2), 115-30 View citations
See also Working Paper (1992)
Is the Fisher effect for real?: A reexamination of the relationship between inflation and interest rates
Journal of Monetary Economics , 1992, 30 , (2), 195-215 View citations
See also Working Paper (1993)
1991
A multi-country study of the information in the shorter maturity term structure about future inflation
Journal of International Money and Finance , 1991, 10 , (1), 2-22 View citations
A multicountry comparison of term-structure forecasts at long horizons
Journal of Financial Economics , 1991, 29 , (1), 59-80 View citations
See also Working Paper (1991)
1990
Can Futures Market Data Be Used to Understand the Behavior of Real Interest Rates?
Journal of Finance , 1990, 45 , (1), 245-57
See also Working Paper (1990)
Does correcting for heteroscedasticity help?
Economics Letters , 1990, 34 , (4), 351-356 View citations
See also Working Paper (1991)
The Information in the Longer Maturity Term Structure about Future Inflation
The Quarterly Journal of Economics , 1990, 105 , (3), 815-28 View citations
See also Working Paper (1991)
What does the term structure tell us about future inflation?
Journal of Monetary Economics , 1990, 25 , (1), 77-95 View citations
See also Working Paper (1990)
1989
Comment
Econometric Reviews , 1989, 8 , (2), 201-205
Econometric tests of rationality and market efficiency: a comment
Econometric Reviews , 1989, 8 , (2), 197-200 View citations
1988
The Information in the Term Structure: Some Further Results
Journal of Applied Econometrics , 1988, 3 , (4), 307-14 View citations
See also Working Paper (1989)
1987
The dollar and real interest rates a comment
Carnegie-Rochester Conference Series on Public Policy , 1987, 27 , (1), 141-148
1986
How robust are the results? A reply
Carnegie-Rochester Conference Series on Public Policy , 1986, 24 , (1), 289-302
Monetary policy regime shifts and the unusual behavior of real interest rates
Carnegie-Rochester Conference Series on Public Policy , 1986, 24 , (1), 231-274 View citations
See also Working Paper (1986)
The international linkage of real interest rates: The European-US connection
Journal of International Money and Finance , 1986, 5 , (1), 5-23 View citations
See also Working Paper (1987)
1984
Are Real Interest Rates Equal across Countries? An Empirical Investigation of International Parity Conditions
Journal of Finance , 1984, 39 , (5), 1345-57 View citations
See also Working Paper (1985)
Inflation and Real Interest Rates on Assets with Different Risk Characteristics
Journal of Finance , 1984, 39 , (3), 699-712 View citations
See also Working Paper (1985)
The Real Interest Rate: A Multi-Country Empirical Study
Canadian Journal of Economics , 1984, 17 , (2), 283-311 View citations
See also Working Paper (1985)
The causes of inflation
Proceedings , 1984, 1-32
See also Working Paper (1984)
1983
An integrated view of tests of rationality, market efficiency and the short-run neutrality of monetary policy
Journal of Monetary Economics , 1983, 11 , (1), 3-24 View citations
See also Working Paper (1983)
On the Econometric Testing of Rationality-Market Efficiency
The Review of Economics and Statistics , 1983, 65 , (2), 318-23 View citations
The remarkable survival of non-market-clearing assumptions: A comment
Carnegie-Rochester Conference Series on Public Policy , 1983, 19 , (1), 247-251
1982
Are [Market] Forecasts Rational? Errata
American Economic Review , 1982, 72 , (4), 899
Does Anticipated Aggregate Demand Policy Matter? Further Econometric Results
American Economic Review , 1982, 72 , (4), 788-802 View citations
See also Working Paper (1982)
Does Anticipated Monetary Policy Matter? An Econometric Investigation
Journal of Political Economy , 1982, 90 , (1), 22-51 View citations
See also Working Paper (1982)
Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach
Journal of Finance , 1982, 37 , (1), 63-72 View citations
See also Working Paper (1982)
The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
Econometrica , 1982, 50 , (2), 461-81 View citations
See also Working Paper (1982)
1981
Are Market Forecasts Rational?
American Economic Review , 1981, 71 , (3), 295-306 View citations
See also Chapter (1983) Working Paper (1981)
Monetary policy and long-term interest rates: An efficient markets approach
Journal of Monetary Economics , 1981, 7 , (1), 29-55 View citations
See also Working Paper (1981)
Reply to Singleton
Carnegie-Rochester Conference Series on Public Policy , 1981, 15 , (1), 213-218
The real interest rate: An empirical investigation
Carnegie-Rochester Conference Series on Public Policy , 1981, 15 , (1), 151-200 View citations
See also Working Paper (1982)
1980
Is the Preferred-Habitat Model of the Term Structure Inconsistent with Financial Market Efficiency?
Journal of Political Economy , 1980, 88 , (2), 406-11
1979
Simulation Methodology in Macroeconomics: An Innovation Technique
Journal of Political Economy , 1979, 87 , (4), 816-36 View citations
1978
Consumer Sentiment and Spending on Consumer Durables
Brookings Papers on Economic Activity , 1978, 9 , (1978-1), 217-232
Monetary Policy and Liquidity: Simulation Results
Economic Inquiry , 1978, 16 , (1), 16-36
1977
A Note on Short-Run Asset Effects on Household Saving and Consumption
American Economic Review , 1977, 67 , (2), 246-48
Electric Utility Fuel Choice Behavior in the United States
International Economic Review , 1977, 18 , (3), 719-36
See also Working Paper (1974)
Illiquidity, the Demand for Residential Housing, and Monetary Policy
Journal of Finance , 1977, 32 , (5), 1571-86 View citations
What Depressed the Consumer? The Household Balance Sheet and the 1973-75 Recession
Brookings Papers on Economic Activity , 1977, 8 , (1977-1), 123-174 View citations
1976
Household Liabilities and the Generalized Stock-Adjustment Model
The Review of Economics and Statistics , 1976, 58 , (4), 481-85
Illiquidity, Consumer Durable Expenditure, and Monetary Policy
American Economic Review , 1976, 66 , (4), 642-54 View citations
Books
2009
Monetary Policy Strategy, vol 1
MIT Press Books, The MIT Press
Also in MIT Press Books, The MIT Press (2007)
2001
Prudential Supervision: What Works and What Doesn't
NBER Books, National Bureau of Economic Research, Inc
1983
A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models
NBER Books, National Bureau of Economic Research, Inc
Chapters
2008
The Next Great Globalization: A Force for Good
A chapter in The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich , 2008
2007
Comment on "Monetary Rules in Emerging Economies with Financial Market Imperfections"
A chapter in International Dimensions of Monetary Policy , 2007
2006
Two Decades of Japanese Monetary Policy and the Deflation Problem
A chapter in Monetary Policy under Very Low Inflation in the Pacific Rim, NBER-EASE, Volume 15 , 2006, pp 131-202 View citations
See also Working Paper (2004)
2004
Can Central Bank Transparency Go Too Far?
A chapter in The Future of Inflation Targeting , 2004 View citations
See also Working Paper (2004)
Inflation Targeting in Transition Economies Experience and Prospects
A chapter in The Inflation-Targeting Debate , 2004, pp 353-422
2003
Financial Policies
A chapter in Economic and Financial Crises in Emerging Market Economies , 2003, pp 93-154
2001
Prudential Supervision: Why Is It Important and What Are the Issues?
A chapter in Prudential Supervision: What Works and What Doesn't , 2001, pp 1-30 View citations
See also Working Paper (2000)
1999
Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
A chapter in Monetary Policy Rules , 1999, pp 405-436 View citations
See also Working Paper (2000)
1997
Strategies for Controlling Inflation
A chapter in Monetary Policy and Inflation Targeting , 1997 View citations
See also Working Paper (1998)
1994
Discussion of 'Experiences with Current Account Deficits Among Asian Economies: Lessons for Australia?'
A chapter in International Intergration of the Australian Economy , 1994
1992
Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries
A chapter in NBER Macroeconomics Annual 1992, Volume 7 , 1992, pp 183-238 View citations
See also Working Paper (1993)
1991
Asymmetric Information and Financial Crises: A Historical Perspective
A chapter in Financial Markets and Financial Crises , 1991, pp 69-108 View citations
See also Working Paper (1991)
1983
An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Aggregate Demand Policy
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 44-56
Are Market Forecasts Rational?
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 59-75
See also Working Paper (1981) Journal Article in American Economic Review (1981)
Concluding Remarks
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 156-158
Does Anticipated Aggregate Demand Policy Matter?
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 110-155
Introduction to "A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models"
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 1-6
Monetary Policy and Interest Rates: An Efficient Markets-Rational Expectations Approach
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 76-109
References
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 159-168
The Econometric Methodology
A chapter in A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models , 1983, pp 9-43