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Details about Marvin Goodfriend

This author is deceased (2019-12-05).

Access statistics for papers by Marvin Goodfriend.

Last updated 2019-12-07. Update your information in the RePEc Author Service.

Short-id: pgo19


Jump to Journal Articles Books Chapters

Working Papers

2014

  1. Monetary Policy as a Carry Trade
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (12)
    See also Journal Article in Monetary and Economic Studies (2014)

2012

  1. The Elusive Promise of Independent Central Banking
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (17)
    See also Journal Article in Monetary and Economic Studies (2012)

2009

  1. The Great Inflation Drift
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Chapter (2013)

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 (244)
    See also Journal Article in Journal of Monetary Economics (2007)
  2. Elements of Effective Central Banking: Theory, Practice, and History
    Working Papers, eSocialSciences Downloads
  3. How the World Achieved Consensus on Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (117)
    See also Journal Article in Journal of Economic Perspectives (2007)
  4. International Adjustment in the New Neoclassical Synthesis
    Kiel Working Papers, Kiel Institute for the World Economy (IfW) Downloads
  5. Monetary Policy in East Asia: Common Concerns
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads
    See also Journal Article in Monetary and Economic Studies (2007)

2006

  1. A Framework for Independent Monetary Policy in China
    IMF Working Papers, International Monetary Fund Downloads View citations (39)
    See also Chapter (2009)
    Journal Article in CESifo Economic Studies (2007)

2005

  1. The Incredible Volcker Disinflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (107)
    Also in Boston University - Department of Economics - Macroeconomics Working Papers Series, Boston University - Department of Economics (2005) Downloads View citations (102)

    See also Journal Article in Journal of Monetary Economics (2005)

2003

  1. Inflation Targeting in the United States?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    See also Chapter (2004)

2001

  1. Financial stability, deflation, and monetary policy
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (11)
    See also Journal Article in Monetary and Economic Studies (2001)
  2. The Case for Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (145)
    Also in Working Paper, Federal Reserve Bank of Richmond (2001) Downloads View citations (116)

2000

  1. Overcoming the zero bound on interest rate policy
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (172)
    See also Journal Article in Journal of Money, Credit and Banking (2000)

1999

  1. Industrial development and the convergence question
    Working Paper, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in American Economic Review (1998)
  2. Limited commitment and central bank lending
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (31)
    See also Journal Article in Economic Quarterly (1999)
  3. The role of a regional bank in a system of central banks
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (13)
    See also Journal Article in Economic Quarterly (2000)

1998

  1. External vs. internal learning-by-doing in an R&D based growth model
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (8)
  2. The new neoclassical synthesis and the role of monetary policy
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (254)
    See also Chapter (1997)

1997

  1. A framework for the analysis of moderate inflations
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (21)
    See also Journal Article in Journal of Monetary Economics (1997)

1994

  1. Early development
    Working Paper, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in American Economic Review (1995)

1991

  1. Information-aggregation bias
    Working Paper, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in American Economic Review (1992)

1990

  1. Interest rates and the conduct of monetary policy
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (13)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1991)

1989

  1. Money, credit, banking and payments system policy
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (4)
    See also Journal Article in Economic Review (1991)

1988

  1. Central banking under the gold standard
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (10)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1988)
  2. FINANCIAL DEREGULATION, MONETARY POLICY, AND CENTRAL BANKING
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (64)
    Also in Working Paper, Federal Reserve Bank of Richmond (1988) Downloads View citations (71)

    See also Journal Article in Economic Review (1988)

1987

  1. Interest rate smoothing and price level trend-stationarity
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (75)
    Also in Working Paper, Federal Reserve Bank of Richmond (1986) View citations (19)

    See also Journal Article in Journal of Monetary Economics (1987)
  2. Money: Theoretical Analysis of the Demand for Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)

1986

  1. 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. Base drift and the longer run growth of M1: experience from a decade of monetary targeting
    Working Paper, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in Economic Review (1984)
  2. Monetary mystique: secrecy and central banking
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (38)
    See also Journal Article in Journal of Monetary Economics (1986)

1984

  1. A weekly perfect foresight model of the nonborrowed reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (8)

1983

  1. A historical assessment of the rationales and functions of reserve requirements
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (16)
    See also Journal Article in Economic Review (1983)
  2. Measurement error and a reinterpretation of the conventional money demand regression
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (1)

1981

  1. Discount window borrowing, monetary control, and the post-October 6, 1979, Federal Reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond
  2. Discount window borrowing, monetary policy, and the post-October 6, 1979 Federal Reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (1)
    See also Journal Article in Journal of Monetary Economics (1983)

1979

  1. A note on the neutrality of temporary monetary disturbances
    Working Paper, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in Journal of Monetary Economics (1981)
  2. An alternative method of estimating the Cagan money demand function in hyperinflation under rational expectations
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (5)
    See also Journal Article in Journal of Monetary Economics (1982)

Journal Articles

2014

  1. Lessons from a century of FED policy: Why monetary and credit policies need rules and boundaries
    Journal of Economic Dynamics and Control, 2014, 49, (C), 112-120 Downloads View citations (9)
  2. Monetary Policy as a Carry Trade
    Monetary and Economic Studies, 2014, 32, 29-44 Downloads View citations (12)
    See also Working Paper (2014)

2012

  1. The Elusive Promise of Independent Central Banking
    Monetary and Economic Studies, 2012, 30, 39-54 Downloads View citations (17)
    See also Working Paper (2012)

2011

  1. Central banking in the credit turmoil: An assessment of Federal Reserve practice
    Journal of Monetary Economics, 2011, 58, (1), 1-12 Downloads View citations (68)
  2. Monetary policy after the crisis - commentary
    Proceedings, 2011, 51-56 Downloads
  3. Money Markets
    Annual Review of Financial Economics, 2011, 3, (1), 119-137 Downloads View citations (1)

2010

  1. Discussion: Ten Years' Experience with the Swiss National Bank's Monetary Policy Strategy
    Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 91-105 Downloads

2008

  1. Commentary on \\"Announcements and the role of policy guidance \\"
    Review, 2008, (jul), 443-446 Downloads
  2. The Case for Price Stability with a Flexible Exchange Rate in the New Neoclassical Synthesis
    Cato Journal, 2008, 28, (2), 247-254 Downloads View citations (3)

2007

  1. A Framework for Independent Monetary Policy in China
    CESifo Economic Studies, 2007, 53, (1), 2-41 Downloads View citations (31)
    See also Chapter (2009)
    Working Paper (2006)
  2. Banking and interest rates in monetary policy analysis: A quantitative exploration
    Journal of Monetary Economics, 2007, 54, (5), 1480-1507 Downloads View citations (226)
    Also in Proceedings, 2007 (2007) Downloads View citations (235)

    See also Working Paper (2007)
  3. How the World Achieved Consensus on Monetary Policy
    Journal of Economic Perspectives, 2007, 21, (4), 47-68 Downloads View citations (115)
    See also Working Paper (2007)
  4. Monetary Policy in East Asia: Common Concerns
    Monetary and Economic Studies, 2007, 25, (S1), 207-232 Downloads
    See also Working Paper (2007)

2005

  1. Monetary Theory and Policy: Papers in Honor of Bennett T. McCallum
    Journal of Monetary Economics, 2005, 52, (5), 853-853 Downloads
  2. Narrow money, broad money, and the transmission of monetary policy
    Proceedings, 2005, 276-303 Downloads View citations (6)
  3. The incredible Volcker disinflation
    Journal of Monetary Economics, 2005, 52, (5), 981-1015 Downloads View citations (103)
    See also Working Paper (2005)
  4. The monetary policy debate since October 1979: lessons for theory and practice
    Review, 2005, (mar), 243-262 Downloads View citations (1)

2004

  1. Monetary policy in the new neoclassical synthesis: a primer
    Economic Quarterly, 2004, (sum), 21-45 Downloads View citations (10)
    Also in International Finance, 2002, 5, (2), 165-91 (2002) Downloads View citations (20)
  2. What's driving wage inequality?: the effects of technical change on the labor market. 2004 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2004 Downloads

2003

  1. Sustaining price stability. 2003 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2003 Downloads

2002

  1. Federal Reserve asset acquisition: a proposal, panel discussion
    Proceedings, 2002, 946-951
  2. Interest on reserves and monetary policy
    Economic Policy Review, 2002, (may), 77-84 Downloads View citations (35)
  3. Panel: Implications of Declining Treasury Debt: Federal Reserve Asset Acquisition: A Proposal
    Journal of Money, Credit and Banking, 2002, 34, (3), 946-51
  4. The phases of U.S. monetary policy: 1987 to 2001
    Economic Quarterly, 2002, (fall), 1-17 Downloads View citations (1)

2001

  1. Financial Stability, Deflation, and Monetary Policy
    Monetary and Economic Studies, 2001, 19, (S1), 143-167 Downloads View citations (9)
    See also Working Paper (2001)
  2. What assets should the Federal Reserve buy?
    Economic Quarterly, 2001, (win), 7-22 Downloads View citations (6)
  3. Why we need an \\"accord\\" for Federal Reserve credit policy: a note
    Economic Quarterly, 2001, (win), 23-32 Downloads View citations (2)
    Also in Proceedings, 1994, 572-584 (1994) View citations (13)

2000

  1. Overcoming the Zero Bound on Interest Rate Policy
    Journal of Money, Credit and Banking, 2000, 32, (4), 1007-35 View citations (165)
    Also in Conference Series ; [Proceedings], 2000, 1007-1057 (2000) View citations (163)

    See also Working Paper (2000)
  2. The role of a regional bank in a system of central banks
    Economic Quarterly, 2000, (win), 7-25 Downloads View citations (7)
    Also in Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), 51-71 (1999) Downloads View citations (13)

    See also Working Paper (1999)
  3. What assets should the Federal Reserve buy? 2000 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2000 Downloads View citations (2)

1999

  1. Limited commitment and central bank lending
    Economic Quarterly, 1999, (fall), 1-27 Downloads View citations (27)
    See also Working Paper (1999)
  2. The role of a regional bank in a system of central banks. 1999 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 1999 Downloads View citations (3)

1998

  1. Industrial Development and the Convergence Question
    American Economic Review, 1998, 88, (5), 1277-89 Downloads View citations (26)
    See also Working Paper (1999)
  2. Using the term structure of interest rates for monetary policy
    Economic Quarterly, 1998, (sum), 13-30 Downloads View citations (32)

1997

  1. A framework for the analysis of moderate inflations
    Journal of Monetary Economics, 1997, 39, (1), 45-65 Downloads View citations (24)
    See also Working Paper (1997)
  2. Monetary policy comes of age: a 20th century odyssey
    Economic Quarterly, 1997, (win), 1-22 Downloads View citations (36)

1996

  1. Foreign exchange operations and the Federal Reserve
    Economic Quarterly, 1996, (win), 1-20 Downloads View citations (10)

1995

  1. Early Development
    American Economic Review, 1995, 85, (1), 116-33 Downloads View citations (140)
    See also Working Paper (1994)
  2. The impact of monetary policy on bank balance sheets: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 197-202 Downloads View citations (6)

1994

  1. Automation at the Fed
    Cross Sections, 1994, (spr), 22-26
  2. Why We Need an "Accord" for Federal Reserve Credit Policy: A Note
    Journal of Money, Credit and Banking, 1994, 26, (3), 572-80 Downloads View citations (14)

1993

  1. Central banking in a monetary union: reflections on the proposed statute of the European Central Bank: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 231-237 Downloads View citations (1)
  2. Interest rate policy and the inflation scare problem: 1979-1992
    Economic Quarterly, 1993, (win), 1-24 Downloads View citations (30)
    Also in Proceedings, 1993 (1993) Downloads View citations (43)
  3. Operating procedures and the conduct of monetary policy: conference proceedings
    Proceedings, 1993 View citations (4)

1992

  1. Information-Aggregation Bias
    American Economic Review, 1992, 82, (3), 508-19 Downloads View citations (34)
    See also Working Paper (1991)

1991

  1. Interest rates and the conduct of monetary policy
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 7-30 Downloads View citations (163)
    See also Working Paper (1990)
  2. Money, credit, banking, and payments system policy
    Economic Review, 1991, (jan), 7-23 Downloads View citations (4)
    Also in Proceedings, 1988, 247-284 (1988) View citations (8)

    See also Working Paper (1989)

1990

  1. Comments on "Money demand, expectations and the forward-looking model"
    Journal of Policy Modeling, 1990, 12, (2), 317-322 Downloads View citations (1)

1988

  1. Bureau analysis and central banking: A review essay
    Journal of Monetary Economics, 1988, 22, (3), 517-522 Downloads View citations (1)
  2. Central banking under the gold standard
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 85-124 Downloads View citations (10)
    See also Working Paper (1988)
  3. Financial Structure and Aggregate Economic Activity: An Overview: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 589-93 Downloads View citations (4)
  4. Financial deregulation, monetary policy, and central banking
    Economic Review, 1988, (may), 3-22 Downloads View citations (63)
    See also Working Paper (1988)
  5. Theoretical analysis of the demand of money
    Economic Review, 1988, (jan), 16-24 Downloads View citations (6)
    See also Working Paper (1986)

1987

  1. Interest rate smoothing and price level trend-stationarity
    Journal of Monetary Economics, 1987, 19, (3), 335-348 Downloads View citations (72)
    See also Working Paper (1987)

1986

  1. A weekly rational expectations model of the nonborrowed reserve operating procedure
    Economic Review, 1986, (jan), 11-28 Downloads View citations (7)
  2. Federal funds: instrument of Federal Reserve policy
    Economic Review, 1986, (sep), 3-11 Downloads View citations (5)
  3. Monetary mystique: Secrecy and central banking
    Journal of Monetary Economics, 1986, 17, (1), 63-92 Downloads View citations (154)
    See also Working Paper (1985)

1985

  1. Monetary theory and practice, the U.K. experience: Book review
    Journal of Monetary Economics, 1985, 15, (3), 383-388 Downloads
  2. Reinterpreting money demand regressions
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 207-241 Downloads View citations (19)
  3. Reinterpreting money demand regressions Errata
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 211-212 Downloads View citations (10)

1984

  1. Base drift and the longer run growth of M1: experience from a decade of monetary targeting
    Economic Review, 1984, (nov), 3-14 Downloads View citations (12)
    See also Working Paper (1985)
  2. Income stability and economic efficiency under alternative tax schemes: A comment on the miller paper
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 143-146 Downloads
  3. The promises and pitfalls of contemporaneous reserve requirements for the implementation of monetary policy
    Economic Review, 1984, (may), 3-12 Downloads View citations (3)

1983

  1. A historical assessment of the rationales and functions of reserve requirements
    Economic Review, 1983, (mar), 3-21 Downloads View citations (16)
    See also Working Paper (1983)
  2. Discount window borrowing, monetary policy, and the post-October 6, 1979 federal reserve operating procedure
    Journal of Monetary Economics, 1983, 12, (3), 343-356 Downloads View citations (22)
    See also Working Paper (1981)

1982

  1. A model of money stock determination with loan demand and a banking system balance sheet constraint
    Economic Review, 1982, (jan), 3-16 Downloads View citations (9)
  2. An alternate method of estimating the Cagan money demand function in hyperinflation under rational expectations
    Journal of Monetary Economics, 1982, 9, (1), 43-57 Downloads View citations (6)
    See also Working Paper (1979)

1981

  1. A note on the neutrality of temporary monetary disturbances
    Journal of Monetary Economics, 1981, 7, (3), 371-385 Downloads
    See also Working Paper (1979)
  2. A prescription for monetary policy 1981
    Economic Review, 1981, (nov), 11-18 Downloads
  3. Eurodollars
    Economic Review, 1981, (may), 12-18 Downloads View citations (1)
    See also Book (1998)

1980

  1. Recent financial innovations: courses, consequences for the payments system, and implications for monetary control
    Economic Review, 1980, (mar), 14-27 Downloads

1979

  1. Exchange rate policy and the dual role of exchange rate movements in international adjustment
    Economic Review, 1979, (sep), 16-26 Downloads

Books

1998

  1. Eurodollars
    Monograph, Federal Reserve Bank of Richmond Downloads
    See also Journal Article in Economic Review (1981)
  2. Federal funds
    Monograph, Federal Reserve Bank of Richmond Downloads View citations (5)

Chapters

2013

  1. The Great Inflation Drift
    A chapter in The Great Inflation: The Rebirth of Modern Central Banking, 2013, pp 181-209 Downloads View citations (1)
    See also Working Paper (2009)

2009

  1. A Framework for Independent Monetary Policy in China
    Chapter 8 in Monetary Policy Frameworks for Emerging Markets, 2009 Downloads
    See also Journal Article in CESifo Economic Studies (2007)
    Working Paper (2006)

2006

  1. Monetary policy implementation in China
    A chapter in Monetary policy in Asia: approaches and implementation, 2006, vol. 31, pp 25-39 Downloads View citations (1)
  2. Why a corporate bond market: growth and direct finance
    A chapter in Developing corporate bond markets in Asia, 2006, vol. 26, pp 22-23 Downloads

2004

  1. Inflation Targeting in the United States?
    A chapter in The Inflation-Targeting Debate, 2004, pp 311-352 Downloads View citations (6)
    See also Working Paper (2003)

1997

  1. The New Neoclassical Synthesis and the Role of Monetary Policy
    A chapter in NBER Macroeconomics Annual 1997, Volume 12, 1997, pp 231-296 Downloads View citations (742)
    See also Working Paper (1998)
 
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