Journal of Monetary Economics

1975 - 2008

Edited by R. G. King and C. I. Plosser

from Elsevier

This journal is a continuation of Carnegie-Rochester Conference Series on Public Policy.
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Volume 52, issue 8, 2005

Optimal fiscal policy under multiple equilibria pp. 1359-1377

Huberto M. Ennis and Todd Keister

Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited pp. 1379-1399

Neville Francis and Valerie Ann Ramey

The role of money in two alternative models: When is the Friedman rule optimal, and why? pp. 1401-1433

Joydeep Bhattacharya, Joseph Haslag and Steven Russell

Inflation targeting: What inflation rate to target? pp. 1435-1462

Kevin X.D. Huang and Zheng Liu

Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal? pp. 1463-1495

Jinill Kim and Dale W. Henderson

Risk preferences in multi-period consumption models, the equity premium puzzle, and habit formation utility pp. 1497-1515

Donald J. Meyer and Jack Meyer

Big elephants in small ponds: Do large traders make financial markets more aggressive? pp. 1517-1531

Christina Bannier

Understanding the inventory cycle pp. 1533-1555

Yi Wen

Quantifying tax effects under policy foresight pp. 1557-1568

Shu-Chun Susan Yang

Are there economies of scale in the demand for money by firms? Some panel data estimates pp. 1569-1589

Olympia Bover and Nadine Watson

Volume 52, issue 7, 2005

Politics and economics in weak and strong states pp. 1199-1226

Daron Acemoglu

Corruption, inequality, and fairness pp. 1227-1244

Alberto Alesina and George-Marios Angeletos

IMF programs: Who is chosen and what are the effects? pp. 1245-1269

Robert J. Barro and Jong-Wha Lee

Political budget cycles in new versus established democracies pp. 1271-1295

Adi Brender and Allan Drazen

Economic and political liberalizations pp. 1297-1330

Francesco Giavazzi and Guido Tabellini

The dynamics of government pp. 1331-1358

John Hassler, Per Krusell, Kjetil Storesletten and Fabrizio Zilibotti

Volume 52, issue 6, 2005

The econometrics of the New Keynesian price equation pp. 1059-1060

Robert King and Charles . Plosser

An open-economy new Keynesian Phillips curve for the U.K pp. 1061-1071

Nicoletta Batini, Brian Jackson and Stephen Nickell

Habit formation and the persistence of monetary shocks pp. 1073-1088

Hafedh Bouakez, Emanuela Cardia and Francisco J. Ruge-Murcia

Demand and productivity components of business cycles: Estimates and implications pp. 1089-1105

Frédéric Dufourt

Robustness of the estimates of the hybrid New Keynesian Phillips curve pp. 1107-1118

Jordi Gali, Mark Gertler and David Lopez-Salido, J.

Quantifying the uncertainty about the fit of a new Keynesian pricing model pp. 1119-1134

Andre Kurmann

Estimating New-Keynesian Phillips curves: A full information maximum likelihood approach pp. 1135-1149

Jesper Lindé

Comparing New Keynesian models of the business cycle: A Bayesian approach pp. 1151-1166

Pau Rabanal and Juan F Rubio-Ramirez

New tests of the new-Keynesian Phillips curve pp. 1167-1181

Jeremy Rudd and Karl T. Whelan

Do expected future marginal costs drive inflation dynamics? pp. 1183-1197

Argia Sbordone

Volume 52, issue 5, 2005

Monetary Theory and Policy: Papers in Honor of Bennett T. McCallum pp. 853-853

Marvin Goodfriend and Stanley E. Zin

Using a long-term interest rate as the monetary policy instrument pp. 855-879

Bruce McGough, Glenn Rudebusch and John C. Williams

Comment on: "Using a long-term interest rate as the monetary policy instrument" pp. 881-887

Michael Woodford

Endogenous objectives and the evaluation of targeting rules for monetary policy pp. 889-911

Carl Walsh

Comment on: "Endogenous objectives and the evaluation of targeting rules for monetary policy" pp. 913-919

Andrew Theo Levin

Taylor rules, McCallum rules and the term structure of interest rates pp. 921-950

Michael F. Gallmeyer, Burton Hollifield and Stanley E. Zin

Estimating the expected marginal rate of substitution: A systematic exploitation of idiosyncratic risk pp. 951-969

Robert P. Flood and Andrew Rose

Comment on: "Estimating the expected marginal rate of substitution" pp. 971-979

David A. Marshall

The incredible Volcker disinflation pp. 981-1015

Marvin Goodfriend and Robert King

Comment on: "The incredible Volcker disinflation" pp. 1017-1023

Athanasios Orphanides

Sticky-price models and the natural rate hypothesis pp. 1025-1053

Javier Andrés, Lopez-Salido, J. David and Edward Nelson

Comment on: "Sticky-price models and the natural rate hypothesis" pp. 1055-1057

Charles L. Evans

Volume 52, issue 4, 2005

Monetary policy for inattentive economies pp. 703-725

Laurence Ball, N. Gregory Mankiw and Ricardo Reis

Stabilizing non-fundamental asset price movements under discretion and limited information pp. 727-747

Bill Dupor

Morale hazard pp. 749-777

Hanming Fang and Giuseppe Moscarini

Robustness and real consequences of nominal wage rigidity pp. 779-804

Ernst Fehr and Lorenz Goette

Do stock price bubbles influence corporate investment? pp. 805-827

Simon Gilchrist, Charles P. Himmelberg and Gur Huberman

Customer anger at price increases, changes in the frequency of price adjustment and monetary policy pp. 829-852

Julio Rotemberg

Volume 52, issue 3, 2005

Money as stock pp. 501-528

John H. Cochrane

Fiscal deficits and inflation pp. 529-554

Luis A.V. Catão and Marco E. Terrones

Productivity shocks and real exchange rates pp. 555-566

Annika Alexius

Anticipated inflation and rates of return in a search-theoretic monetary model pp. 567-574

IV Thomas E. Cone

Inventories, employment and hours pp. 575-600

Marzio Galeotti, Louis John Maccini and Fabio Schiantarelli

Trade liberalization and the skill premium in developing economies pp. 601-619

Marla Ripoll

Inflation and price setting in a natural experiment pp. 621-632

Jerzy D. Konieczny and Andrzej Skrzypacz

Minimum consumption and transitional dynamics in wealth distribution pp. 633-667

Alvarez-Pelaez, Maria J. and Antonia Díaz

Public education reform: Community or national funding of education? pp. 669-697

Jorge Soares

Volume 52, issue 2, 2005

International dimensions of optimal monetary policy pp. 281-305

Giancarlo Corsetti and Paolo A. Pesenti

Interest rate interactions in the classical gold standard, 1880-1914: was there any monetary independence? pp. 307-327

Michael David Bordo and Ronald MacDonald

Interest rate rules and price determinacy: The role of transactions services of bonds pp. 329-343

Matthew Buford Canzoneri and Behzad T. Diba

Business cycles in emerging economies: the role of interest rates pp. 345-380

Pablo Andrés Neumeyer and Fabrizio Perri

What are the effects of monetary policy on output? Results from an agnostic identification procedure pp. 381-419

Harald Uhlig

What do you expect? Imperfect policy credibility and tests of the expectations hypothesis pp. 421-447

Sharon Kozicki and Peter Tinsley

Margin requirements and equilibrium asset prices pp. 449-475

Daniele Coen-Pirani

Discretionary monetary policy and inflation persistence pp. 477-496

Niklas Johan Westelius

Erratum to "The term structure of real interest rates: theory and evidence from UK index-linked bonds": [Journal of Monetary Economics 51(7) (2004) 1509-1549] pp. 497-497

Juha Seppala

Volume 52, issue 1, 2005

Rational speculation and exchange rates pp. 3-29

Margarida Duarte and Alan C. Stockman

Comment on: "Rational speculation and exchange rates" pp. 31-33

Maurice Obstfeld

Exchange rate regime durability and performance in developing versus advanced economies pp. 35-64

Aasim M. Husain, Ashoka Mody and Kenneth S. Rogoff

Comment on: "Exchange rate regime durability and performance in developing versus advanced economies" pp. 65-68

David Backus

Latin America in the rearview mirror pp. 69-107

Harold Cole, Lee Edward Ohanian, Alvaro J. Riascos Villegas and James Schmitz

Comment on: "Latin America in the rear view mirror" pp. 109-112

William Easterly

Determinants of business cycle comovement: a robust analysis pp. 113-157

Marianne Baxter and Michael Kouparitsas

Comment on: "Determinants of business cycle comovement: a robust analysis" pp. 159-162

Patrick J. Kehoe

Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU pp. 163-204

Enrique G. Mendoza and Linda L. Tesar

Comment on: "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU" pp. 205-211

Ellen R. McGrattan

Implications of state-dependent pricing for dynamic macroeconomic models pp. 213-242

Michael Dotsey and Robert King

Comment on: "Implications of state-dependent pricing for dynamic macroeconomic modeling" pp. 243-247

Susanto Basu

Tax distortions and the case for price stability pp. 249-273

Fabrice Collard and Harris Dellas

Comment on: "Tax distortions and the case for price stability" pp. 275-280

Lawrence J. Christiano