Details about Bennett McCallum
Access statistics for papers by Bennett McCallum.
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Short-id: pmc4
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Working Papers
2012
- A Continuity Refinement for Rational Expectations Solutions
NBER Working Papers, National Bureau of Economic Research, Inc
- Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
- Refining Linear Rational Expectations Models and Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- The Role of Money in New-Keynesian Models
Working Papers, Banco Central de Reserva del Perú View citations (1)
2011
- Should Central Banks Raise their Inflation Targets? Some Relevant Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in Economic Quarterly (2011)
2010
- Is the Spurious Regression Problem Spurious?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
See also Journal Article in Economics Letters (2010)
- Money and inflation: some critical issues
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (11)
See also Chapter (2010)
- The Future of Central Banking: A Lesson from United States History
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
2009
- Causality, Structure, and the Uniqueness of Rational Expectations Equilibria
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article in Manchester School (2011)
- The Role of "Determinacy" in Monetary Policy Analysis
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
2008
- Determinacy, Learnability, And Plausibility In Monetary Policy Analysis: Additional Results
Working Papers Central Bank of Chile, Central Bank of Chile 
See also Chapter (2009)
- Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
See also Journal Article in Journal of Monetary Economics (2009)
- Reconsideration of the P-Bar Model of Gradual Price Adjustment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in European Economic Review (2008)
2007
- Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
NBER Working Papers, National Bureau of Economic Research, Inc View citations (265)
See also Journal Article in Journal of Monetary Economics (2007)
- Monetary Policy in East Asia: the Case of Singapore
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (6)
See also Journal Article in Monetary and Economic Studies (2007)
2006
- E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Journal of Economic Dynamics and Control (2007)
- Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
Also in Working Papers, Federal Reserve Bank of St. Louis (2006) View citations (6)
See also Journal Article in Oxford Review of Economic Policy (2005)
2005
- A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
See also Chapter (2006)
2004
- On the Relationship Between Determinate and MSV Solutions in Linear RE Models
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (12)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business 
See also Journal Article in Economics Letters (2004)
- Targeting vs. Instrument Rules for Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
Also in Working Papers, Federal Reserve Bank of St. Louis (2004) View citations (12)
See also Journal Article in Review (2005)
2003
- Is the Fiscal Theory of the Price Level Learnable?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business 
See also Journal Article in Scottish Journal of Political Economy (2003)
- Monetary Policy in Economies with Little or No Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
- Multiple-Solution Indeterminacies in Monetary Policy Analysis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (71)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business 
See also Journal Article in Journal of Monetary Economics (2003)
- 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 View citations (12)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (2002)
2002
- Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
- The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
See also Journal Article in Economics Letters (2002)
2001
- Inflation Targeting and the Liquidity Trap
Working Papers Central Bank of Chile, Central Bank of Chile View citations (7)
See also Journal Article in Proceedings (2001) Chapter (2002)
- Monetary Policy Analysis in Models Without Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (118)
See also Journal Article in Review (2001)
- Monetary Policy for an Open Economy: An Alternative Framework with Optimising Agents and Sticky Prices
Discussion Papers, Monetary Policy Committee Unit, Bank of England View citations (21)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (60) NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (61)
See also Journal Article in Oxford Review of Economic Policy (2000)
- Should Monetary Policy Respond Strongly to Output Gaps?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (147)
See also Journal Article in American Economic Review (2001)
- Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (55)
See also Journal Article in Review (2004)
2000
- 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 View citations (56)
See also Journal Article in Economic Quarterly (2000)
- An Optimizing IS-LM Framework with Endogenous Investment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
See also Journal Article in Journal of Macroeconomics (2006)
- Nominal Income Targeting in an Open-Economy Optimizing Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
Also in Working Papers, Stockholm - International Economic Studies (1998) View citations (18) Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations (38)
See also Journal Article in Journal of Monetary Economics (1999)
- Role of the Minimal State Variable Criterion
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
- The Present and Future of Monetary Policy Rules
NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
- Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (204)
See also Journal Article in Journal of Money, Credit and Banking (2000)
1999
- Analysis of the Monetary Transmission Mechanism: Methodological Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
- Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (5)
See also Journal Article in Economic Quarterly (2002)
- Theoretical Issues Pertaining to Monetary Unions
NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
1998
- Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
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)
- Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (139)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)
See also Journal Article in Proceedings (1998) Chapter (1999)
- Solutions to Linear Rational Expectations Models: A Compact Exposition
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (78)
See also Journal Article in Economics Letters (1998)
1997
- An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (200)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
See also Journal Article in Journal of Money, Credit and Banking (1999)
- Issues in the Design of Monetary Policy Rules
NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
See also Chapter (1999)
- Monetary Policy Rules for the Phillipines: An Introductory Study
GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
- The Alleged Instability of Nominal Income Targeting
NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
Also in Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1997) View citations (36) GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)
1996
- Base Money Rules in the UK
Bank of England working papers, Bank of England View citations (6)
- Crucial Issues Concerning Central Bank Independence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
See also Journal Article in Journal of Monetary Economics (1997)
- Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
- Neoclassical vs. Endogenous Growth Analysis: An Overview
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
See also Journal Article in Economic Quarterly (1996)
1995
- Two Fallacies Concerning Central Bank Independence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (182)
See also Journal Article in American Economic Review (1995)
1994
- A Semi-Classical Model of Price Level Adjustment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1994)
- Identification of inflation-unemployment tradeoffs in the 1970s
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
- Monetary Policy Rules and Financial Stability
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
- Monetary Policy and the Term Structure of Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (98)
See also Journal Article in Economic Quarterly (2005)
1993
- Macroeconomics After Two Decades of Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- Specification and Analysis of a Monetary Policy Rule for Japan
NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
See also Journal Article in Monetary and Economic Studies (1993)
- Unit Roots in Macroeconomic Time Series: Some Critical Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
See also Journal Article in Economic Quarterly (1993)
1992
- A Reconsideration of the Uncovered Interest Parity Relationship
NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
See also Journal Article in Journal of Monetary Economics (1994)
- Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in Journal of International Money and Finance (1994)
1990
- Money and Prices in Colonial America: A New Test of Competing Theories
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
See also Journal Article in Journal of Political Economy (1992)
1989
- Could A Monetary Base Rule Have Prevented the Great Depression?
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in Journal of Monetary Economics (1990)
- Targets, Indicators, and Instruments of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
1988
- Real Business Cycle Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
- The Role of Demand Management in the Maintenance of Full Employment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
1987
- Inflation: Theory and Evidence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Chapter (1990)
- Money: Theoretical Analysis of the Demand for Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
- The Development of Keynesian Macroeconomics
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in American Economic Review (1987)
1986
- On "Real" and "Sticky-Price" Theories of the Business Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
See also Journal Article in Journal of Money, Credit and Banking (1986)
- The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
- Theoretical analysis of the demand for money
Working Paper, Federal Reserve Bank of Richmond View citations (6)
See also Journal Article in Economic Review (1988)
1985
- Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: A Critical Review
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1985)
- Monetary vs. Fiscal Policy Effects: A Review of the Debate
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- On Consequences and Criticisms of Monetary Targeting
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
See also Journal Article in Journal of Money, Credit and Banking (1985)
1984
- Credibility and Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (1984)
- Monetarist Rules in the Light of Recent Experience
NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
See also Journal Article in American Economic Review (1984)
- Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine
NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
See also Journal Article in Journal of Monetary Economics (1986)
1983
- A Linearized Version of Lucas's Neutrality Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Canadian Journal of Economics (1984)
- On Low-Frequency Estimates of "Long-Run" Relationships in Macro- economics
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in Journal of Monetary Economics (1984)
1982
- Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
See also Journal Article in Journal of Political Economy (1984)
- Macroeconomics After a Decade of Rational Expectations: Some Critical Issues
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article in Economic Review (1982)
- Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Also in Working Papers, Federal Reserve Bank of Dallas (1982)
- The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc
- The Role of Overlapping-Generations Models in Monetary Economics
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)
1981
- Monetarist Principles and the Money Stock Growth Rule
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
See also Journal Article in American Economic Review (1981)
- On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
See also Journal Article in Journal of Monetary Economics (1983)
1980
- Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article in Journal of Monetary Economics (1981)
Undated
- Role of the minimal state variable criterion in rational expectations models
GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (2)
See also Journal Article in International Tax and Public Finance (1999)
- Simultaneous Equation Econometrics: The Missing Example
GSIA Working Papers, Carnegie Mellon University, Tepper School of Business 
See also Journal Article in Economic Inquiry (2006)
Journal Articles
2014
- Monetary Policy in a Very Open Economy: Some Major Analytical Issues
Pacific Economic Review, 2014, 19, (1), 27-60 View citations (2)
2013
- El rol del dinero en modelos neokeynesianos
Revista Estudios Económicos, 2013, (25), 29-38
2011
- CAUSALITY, STRUCTURE AND THE UNIQUENESS OF RATIONAL EXPECTATIONS EQUILIBRIA
Manchester School, 2011, 79, (s1), 551-566 
See also Working Paper (2009)
- Should central banks raise their inflation targets? Some relevant issues
Economic Quarterly, 2011, 97, (2Q), 111-131 View citations (4)
See also Working Paper (2011)
2010
- Alternatives to the Fed?
Cato Journal, 2010, 30, (3), 439-449 View citations (3)
- Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis
Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 107-120 View citations (4)
- Is the spurious regression problem spurious?
Economics Letters, 2010, 107, (3), 321-323 View citations (11)
See also Working Paper (2010)
- Keynote Speech: The Future of Central Banking: A Lesson from United States History
Monetary and Economic Studies, 2010, 28, 27-34
- Optimal Continuation versus the Timeless Perspective in Monetary Policy
Journal of Money, Credit and Banking, 2010, 42, (6), 1093-1107 View citations (23)
2009
- 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
- Another weakness of "determinacy" as a selection criterion for rational expectations models
Economics Letters, 2009, 104, (1), 17-19 View citations (8)
- Indeterminancy from inflation forecast targeting: problem or pseudo-problem?
Economic Quarterly, 2009, 95, (Win), 25-51 View citations (1)
- Inflation determination with Taylor rules: Is new-Keynesian analysis critically flawed?
Journal of Monetary Economics, 2009, 56, (8), 1101-1108 View citations (26)
See also Working Paper (2008)
- Rejoinder to Cochrane
Journal of Monetary Economics, 2009, 56, (8), 1114-1115 View citations (9)
2008
- How Important Is Money in the Conduct of Monetary Policy? A Comment
Journal of Money, Credit and Banking, 2008, 40, (8), 1783-1790 View citations (20)
- Introductory Remarks
Monetary and Economic Studies, 2008, 26, 31-36
- Reconsideration of the P-bar model of gradual price adjustment
European Economic Review, 2008, 52, (8), 1480-1493 View citations (4)
See also Working Paper (2008)
2007
- Banking and interest rates in monetary policy analysis: A quantitative exploration
Journal of Monetary Economics, 2007, 54, (5), 1480-1507 View citations (246)
Also in Proceedings, 2007 (2007) View citations (256)
See also Working Paper (2007)
- E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
Journal of Economic Dynamics and Control, 2007, 31, (4), 1376-1391 View citations (63)
See also Working Paper (2006)
- Inflation Targeting for the United States?
Cato Journal, 2007, 27, (2), 261-271 View citations (3)
- Monetary Policy in East Asia: The Case of Singapore
Monetary and Economic Studies, 2007, 25, (S1), 13-28 View citations (6)
See also Working Paper (2007)
- The Fourteenth International Conference "Growth, Integration and Monetary Policy in East Asia," Concluding Panel Discussion: Growth, Integration, and Monetary Policy in East Asia
Monetary and Economic Studies, 2007, 25, (S1), 233-260
2006
- An optimizing IS-LM framework with endogenous investment
Journal of Macroeconomics, 2006, 28, (4), 621-644 View citations (21)
See also Working Paper (2000)
- Misconceptions Regarding the Zero Lower Bound on Interest Rates
Monetary and Economic Studies, 2006, 24, (S1), 13-26
- Simultaneous Equation Econometrics: The Missing Example
Economic Inquiry, 2006, 44, (2), 374-384 View citations (8)
See also Working Paper
- The Thirteenth International Conference "Financial Markets and the Real Economy in a Low Interest Rate Environment," Concluding Panel Discussion: Financial Markets and the Real Economy in a Low Interest Rate Environment
Monetary and Economic Studies, 2006, 24, (S1), 235-272
2005
- Commentary on \\"targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?\\"
Review, 2005, 87, (Sep), 627-632 View citations (1)
- Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
Oxford Review of Economic Policy, 2005, 21, (4), 565-583 View citations (19)
See also Working Paper (2006)
- Monetary policy and the term structure of interest rates
Economic Quarterly, 2005, 91, (Fall), 1-21 View citations (28)
See also Working Paper (1994)
- Panel discussion I: what have we learned since October 1979?
Review, 2005, 87, (Mar), 277-292 View citations (3)
- Targeting versus instrument rules for monetary policy
Review, 2005, 87, (Sep), 597-612 View citations (42)
Also in Proceedings, 2005, 225-245 (2005) View citations (23)
See also Working Paper (2004)
- The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Concluding Panel Discussion: Macroeconomic Policy and Central Banking
Monetary and Economic Studies, 2005, 23, (S1), 233-260
- What Is the Proper Perspective for Monetary Policy Optimality?
Monetary and Economic Studies, 2005, 23, (S1), 13-24 View citations (7)
2004
- "Challenges for Sustained Economic Growth under Changing Economic, Social, and International Environments," Concluding Panel Discussion: Sustained Economic Growth and Central Banking
Monetary and Economic Studies, 2004, 22, (S1), 217-248
- Long-Run Monetary Neutrality and Contemporary Policy Analysis: Keynote Speech
Monetary and Economic Studies, 2004, 22, (S1), 15-28 View citations (2)
- Misconceptions Regarding Rules vs. Discretion for Monetary Policy
Cato Journal, 2004, 23, (3), 365-372 View citations (8)
- On the relationship between determinate and MSV solutions in linear RE models
Economics Letters, 2004, 84, (1), 55-60 View citations (15)
See also Working Paper (2004)
- Timeless perspective vs. discretionary monetary policy in forward-looking models
Review, 2004, 86, (Mar), 43-56 View citations (113)
See also Working Paper (2001)
2003
- Is The Fiscal Theory of the Price Level Learnable?
Scottish Journal of Political Economy, 2003, 50, (5), 634-649 View citations (27)
See also Working Paper (2003)
- Japanese monetary policy, 1991-2001
Economic Quarterly, 2003, 89, (Win), 1-31 View citations (8)
- Multiple-solution indeterminacies in monetary policy analysis
Journal of Monetary Economics, 2003, 50, (5), 1153-1175 View citations (72)
See also Working Paper (2003)
2002
- Recent developments in monetary policy analysis: the roles of theory and evidence
Economic Quarterly, 2002, (Win), 67-96 View citations (14)
Also in Journal of Economic Methodology, 1999, 6, (2), 171-198 (1999) View citations (20)
See also Working Paper (1999)
- The non-optimality of proposed monetary policy rules under timeless perspective commitment
Economics Letters, 2002, 77, (2), 163-168 View citations (66)
See also Working Paper (2002)
2001
- Indeterminacy, bubbles, and the fiscal theory of price level determination
Journal of Monetary Economics, 2001, 47, (1), 19-30 View citations (65)
See also Working Paper (1998)
- Inflation targeting and the liquidity trap
Proceedings, 2001, (Mar) View citations (21)
See also Chapter (2002) Working Paper (2001)
- Monetary policy analysis in models without money
Review, 2001, 83, (Jul), 145-164 View citations (120)
See also Working Paper (2001)
- Should Monetary Policy Respond Strongly to Output Gaps?
American Economic Review, 2001, 91, (2), 258-262 View citations (149)
See also Working Paper (2001)
2000
- Alternative monetary policy rules: a comparison with historical settings for the United States, the United Kingdom, and Japan
Economic Quarterly, 2000, (Win), 49-79 View citations (56)
See also Working Paper (2000)
- Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices
Oxford Review of Economic Policy, 2000, 16, (4), 74-91 View citations (143)
See also Working Paper (2001)
- On signal extraction and non-certainty-equivalence in optimal monetary policy rules, comments
Proceedings, 2000 View citations (1)
- Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
Journal of Money, Credit and Banking, 2000, 32, (4), 870-904 View citations (195)
Also in Conference Series ; [Proceedings], 2000, 870-935 (2000) View citations (190)
See also Working Paper (2000)
1999
- AN INTERVIEW WITH ROBERT E. LUCAS, JR
Macroeconomic Dynamics, 1999, 3, (2), 278-291 View citations (4)
- 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 (294)
See also Working Paper (1997)
- Introduction to the series
Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), v-v 
Also in Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), v-v (1999)  Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), vii-vii (1998)  Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), v-v (1997)  Carnegie-Rochester Conference Series on Public Policy, 1997, 46, (1), v-v (1997)  Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), v-v (1998)
- Nominal income targeting in an open-economy optimizing model
Journal of Monetary Economics, 1999, 43, (3), 553-578 View citations (400)
See also Working Paper (2000)
- Recent developments in the analysis of monetary policy rules
Review, 1999, 81, (Nov), 3-12 View citations (59)
- Role of the Minimal State Variable Criterion in Rational Expectations Models
International Tax and Public Finance, 1999, 6, (4), 621-639 View citations (68)
See also Working Paper
1998
- AN INTERVIEW WITH ALLAN MELTZER
Macroeconomic Dynamics, 1998, 2, (2), 238-283
- Performance of operational policy rules in an estimated semi-classical structural model
Proceedings, 1998, (Mar) View citations (58)
See also Working Paper (1998) Chapter (1999)
- Solutions to linear rational expectations models: a compact exposition
Economics Letters, 1998, 61, (2), 143-147 View citations (76)
See also Working Paper (1998)
- Stickiness: A comment
Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 357-363 View citations (8)
1997
- Crucial issues concerning central bank independence
Journal of Monetary Economics, 1997, 39, (1), 99-112 View citations (132)
See also Working Paper (1996)
1996
- Base Money Rules in the United Kingdom
The Manchester School of Economic & Social Studies, 1996, 64, 1-27 View citations (2)
- How should central banks reduce inflation? conceptual issues (commentary)
Proceedings - Economic Policy Symposium - Jackson Hole, 1996, 105-114
- Neoclassical vs. endogenous growth analysis: an overview
Economic Quarterly, 1996, (Fall), 41-71 View citations (15)
See also Working Paper (1996)
- The sensitivity of empirical studies to alternative measures of the monetary base and reserves - commentary
Review, 1996, (Nov), 73-75
1995
- Two Fallacies Concerning Central-Bank Independence
American Economic Review, 1995, 85, (2), 207-11 View citations (193)
See also Working Paper (1995)
1994
- A reconsideration of the uncovered interest parity relationship
Journal of Monetary Economics, 1994, 33, (1), 105-132 View citations (239)
See also Working Paper (1992)
- A semi-classical model of price-level adjustment
Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 251-284 View citations (21)
See also Working Paper (1994)
- How can monetary policy be improved?
Conference Series ; [Proceedings], 1994, 38, 245-249
- Identification of inflation-unemployment tradeoffs in the 1970s a comment
Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 231-241 View citations (1)
- Monetary policy without monetary aggregates (conference panel discussion)
Proceedings, 1994, (Mar), 216-218 View citations (2)
Also in Review, 1994, (Mar), 216-218 (1994) View citations (1)
- Specification of policy rules and performance measures in multicountry simulation studies
Journal of International Money and Finance, 1994, 13, (3), 259-275 View citations (9)
See also Working Paper (1992)
1993
- "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 View citations (11)
- Comments on paper by Hess, Small, and Brayton
Proceedings, 1993
- Discretion versus policy rules in practice: two critical points: A comment
Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 215-220 View citations (18)
- Specification and Analysis of a Monetary Policy Rule for Japan
Monetary and Economic Studies, 1993, 11, (2), 1-45 View citations (31)
See also Working Paper (1993)
- Unit roots in macroeconomic time series: some critical issues
Economic Quarterly, 1993, (Spr), 13-44 View citations (23)
See also Working Paper (1993)
1992
- Money and Prices in Colonial America: A New Test of Competing Theories
Journal of Political Economy, 1992, 100, (1), 143-61 View citations (27)
See also Working Paper (1990)
1991
- Seasonality and monetary policy: A comment
Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 71-75
1990
- Comments on "Empirical predictions of the new monetary economics: Perspectives on velocity"
Journal of Policy Modeling, 1990, 12, (2), 281-287
- Could a monetary base rule have prevented the great depression?
Journal of Monetary Economics, 1990, 26, (1), 3-26 View citations (14)
See also Working Paper (1989)
1989
- Reply to a Comment by Hans-E. Loef
Review of World Economics (Weltwirtschaftliches Archiv), 1989, 125, (1), 179-182
1988
- Postwar Developments in Business Cycle Theory: A Moderately Classical Perspective
Journal of Money, Credit and Banking, 1988, 20, (3), 459-71 View citations (3)
Also in Proceedings, 1988, 459-478 (1988) View citations (4)
- Reply to comments by Benjamin Friedman
Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 213-214 View citations (1)
- Robustness properties of a rule for monetary policy
Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 173-203 View citations (248)
- Theoretical analysis of the demand of money
Economic Review, 1988, 74, (Jan), 16-24 View citations (10)
See also Working Paper (1986)
1987
- The Development of Keynesian Macroeconomics
American Economic Review, 1987, 77, (2), 125-29 
See also Working Paper (1987)
- The case for rules in the conduct of monetary policy: a concrete example
Economic Review, 1987, 73, (Sep), 10-18 View citations (60)
1986
- Estimating the long-run relationship between interest rates and inflation: A reply
Journal of Monetary Economics, 1986, 18, (1), 87-90 View citations (1)
- On "Real' and "Sticky-Price' Theories of the Business Cycle
Journal of Money, Credit and Banking, 1986, 18, (4), 397-414 View citations (37)
See also Working Paper (1986)
- Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine
Journal of Monetary Economics, 1986, 17, (1), 135-160 View citations (59)
See also Working Paper (1984)
1985
- Bank deregulation, accounting systems of exchange, and the unit of account: A critical review
Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 13-45 View citations (11)
See also Working Paper (1985)
- On Consequences and Criticisms of Monetary Targeting
Journal of Money, Credit and Banking, 1985, 17, (4), 570-97 View citations (35)
See also Working Paper (1985)
1984
- A Linearized Version of Lucas's Neutrality Model
Canadian Journal of Economics, 1984, 17, (1), 138-45 View citations (4)
See also Working Paper (1983)
- Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
Journal of Political Economy, 1984, 92, (1), 123-35 View citations (95)
See also Working Paper (1982)
- Credibility and monetary policy
Proceedings - Economic Policy Symposium - Jackson Hole, 1984, 105-135 View citations (9)
See also Working Paper (1984)
- Macroeconomics and finance: The role of the stock market: A comment on the Fischer/Merton paper
Carnegie-Rochester Conference Series on Public Policy, 1984, 21, (1), 109-116
- Monetarist Rules in the Light of Recent Experience
American Economic Review, 1984, 74, (2), 388-91 View citations (28)
See also Working Paper (1984)
- On low-frequency estimates of long-run relationships in macroeconomics
Journal of Monetary Economics, 1984, 14, (1), 3-14 View citations (34)
See also Working Paper (1983)
1983
- A reconsideration of Sims' evidence concerning monetarism
Economics Letters, 1983, 13, (2-3), 167-171 View citations (36)
- Instrument Choice for Money Stock Control with Contemporaneous and Lagged Reserve Requirements: A Note
Journal of Money, Credit and Banking, 1983, 15, (1), 96-101 View citations (15)
- On non-uniqueness in rational expectations models: An attempt at perspective
Journal of Monetary Economics, 1983, 11, (2), 139-168 View citations (275)
See also Working Paper (1981)
- Reply to Bryant and Wallace
Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 57-58
- The role of overlapping-generations models in monetary economics
Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 9-44 View citations (38)
See also Working Paper (1982)
- `A model of commodity money' by Thomas J. Sargent and Neil Wallace
Journal of Monetary Economics, 1983, 12, (1), 189-196
1982
- Macroeconomics after a decade of rational expectations: some critical issues
Economic Review, 1982, 68, (Nov), 3-12 View citations (10)
See also Working Paper (1982)
1981
- Monetarist Principles and the Money Stock Growth Rule
American Economic Review, 1981, 71, (2), 134-38 View citations (8)
See also Working Paper (1981)
- Price level determinacy with an interest rate policy rule and rational expectations
Journal of Monetary Economics, 1981, 8, (3), 319-329 View citations (145)
See also Working Paper (1980)
- Sluggish Price Adjustments and the Effectiveness of Monetary Policy under Rational Expectations: A Reply
Journal of Money, Credit and Banking, 1981, 13, (1), 103-04
1980
- A comment on the Sargent paper
Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 155-159
- Rational Expectations and Macroeconomic Stabilization Policy: An Overview
Journal of Money, Credit and Banking, 1980, 12, (4), 716-46 View citations (52)
1979
- A monetary policy ineffectiveness result in a model with a predetermined price level
Economics Letters, 1979, 3, (1), 1-4 View citations (8)
- Monetarism, Rational Expectations, Oligopolistic Pricing, and the MPS Econometric Model
Journal of Political Economy, 1979, 87, (1), 57-73
- On the Observational Inequivalence of Classical and Keynesian Models
Journal of Political Economy, 1979, 87, (2), 395-402 View citations (11)
- Testing for the Role of Speculation in the Forward Exchange Market: A Reply
The Review of Economics and Statistics, 1979, 61, (4), 611-12 View citations (1)
- The Current State of the Policy-Ineffectiveness Debate
American Economic Review, 1979, 69, (2), 240-45 View citations (7)
- The effectiveness of fiscal feedback rules and automatic stabilizers under rational expectations
Journal of Monetary Economics, 1979, 5, (2), 171-186 View citations (28)
1978
- Dating, discounting, and the robustness of the Lucas-Sargent proposition
Journal of Monetary Economics, 1978, 4, (1), 121-129 View citations (2)
- Inflation and output fluctuations: A comment on the Dutton and Neumann papers
Carnegie-Rochester Conference Series on Public Policy, 1978, 8, (1), 277-287
- Monetarism: Jerome L. Stein, ed., (North-Holland Publishing Company, Amsterdam, 1976) pp. ix+342, $38.00
Journal of Monetary Economics, 1978, 4, (2), 321-324
- Price Level Adjustments and the Rational Expectations Approach to Macroeconomic Stabilization Policy
Journal of Money, Credit and Banking, 1978, 10, (4), 418-36 View citations (9)
1977
- Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations
Journal of Political Economy, 1977, 85, (3), 627-34 View citations (16)
- The Role of Speculation in the Canadian Forward Exchange Market: Some Estimates Assuming Rational Expectations
The Review of Economics and Statistics, 1977, 59, (2), 145-51 View citations (6)
1976
- A Note on Empirical Tests and Alternative Versions of the Natural Rate Hypothesis
The Manchester School of Economic & Social Studies, 1976, 44, (1), 42-51 View citations (1)
- On Estimation Assuming Non-Existent Autocorrelation
Australian Economic Papers, 1976, 15, (26), 119-27
- Rational Expectations and the Estimation of Econometric Models: AnAlternative Procedure
International Economic Review, 1976, 17, (2), 484-90 View citations (35)
- Rational Expectations and the Natural Rate Hypothesis: Some Consistent Estimates
Econometrica, 1976, 44, (1), 43-52 View citations (145)
1975
- Rational Expectations and the Natural Rate Hypothesis: Some Evidence for the United Kingdom
The Manchester School of Economic & Social Studies, 1975, 43, (1), 56-67 View citations (1)
1974
- Competitive Price Adjustments: An Empirical Study
American Economic Review, 1974, 64, (1), 56-65 View citations (1)
- The relative impact of monetary and fiscal policy instruments: Some structure-based estimates
Journal of Econometrics, 1974, 2, (3), 283-299 View citations (1)
1973
- A Note Concerning Asymptotic Covariance Expressions
Econometrica, 1973, 41, (3), 581-83
- Friedman's Missing Equation: Another Approach
The Manchester School of Economic & Social Studies, 1973, 41, (3), 311-28 View citations (4)
1972
- Inventory Holdings, Rational Expectations, and the Law of Supply and Demand
Journal of Political Economy, 1972, 80, (2), 386-93 View citations (1)
- Relative Asymptotic Bias from Errors of Omission and Measurement
Econometrica, 1972, 40, (4), 757-58 View citations (41)
1970
- Artificial Orthogonalization in Regression Analysis
The Review of Economics and Statistics, 1970, 52, (1), 110-13 View citations (5)
1969
- The Instability of Kaldorian Models
Oxford Economic Papers, 1969, 21, (1), 56-65
Books
1996
- International Monetary Economics
OUP Catalogue, Oxford University Press View citations (18)
Chapters
2013
- 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, 2013, pp 244-250
2010
- Money and Inflation: Some Critical Issues
Chapter 03 in Handbook of Monetary Economics, 2010, vol. 3, pp 97-153 View citations (33)
See also Working Paper (2010)
2009
- Comment on "On the Need for a New Approach to Analyzing Monetary Policy"
A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 449-458
- Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results
Chapter 7 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 203-225 
See also Working Paper (2008)
2006
- A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
A chapter in Monetary Policy with Very Low Inflation in the Pacific Rim, 2006, pp 9-42 
See also Working Paper (2005)
2002
- Inflation Targeting and the Liquidity Trap
Chapter 9 in Inflation Targeting: Desing, Performance, Challenges, 2002, vol. 5, pp 395-438 View citations (12)
See also Working Paper (2001) Journal Article in Proceedings (2001)
1999
- Issues in the design of monetary policy rules
Chapter 23 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1483-1530 View citations (238)
See also Working Paper (1997)
- Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model
A chapter in Monetary Policy Rules, 1999, pp 15-56 View citations (190)
See also Working Paper (1998) Journal Article in Proceedings (1998)
1990
- Inflation: Theory and evidence
Chapter 18 in Handbook of Monetary Economics, 1990, vol. 2, pp 963-1012 View citations (28)
See also Working Paper (1987)
Software Items
2004
- Software for RE Analysis
QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (1)
Editor
- Carnegie-Rochester Conference Series on Public Policy
Elsevier
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