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Details about John C. Williams

Homepage:https://www.newyorkfed.org/aboutthefed/orgchart/williams
Phone:(212) 720-6180
Postal address:Federal Reserve Bank of New York Executive Offices 33 Liberty Street, New York, NY 10045
Workplace:Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC)
Federal Reserve Bank of New York, (more information at EDIRC)

Access statistics for papers by John C. Williams.

Last updated 2025-03-23. Update your information in the RePEc Author Service.

Short-id: pwi23


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Working Papers

2025

  1. An Economy That Works for All: Housing Affordability
    Speech, Federal Reserve Bank of New York Downloads
  2. Certain Uncertainty
    Speech, Federal Reserve Bank of New York Downloads
  3. Comparing Apples to Apples: “Synthetic Real‑Time” Estimates of R‑Star
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  4. Discussion of "Monetary Policy Transmission to Real Activity"
    Speech, Federal Reserve Bank of New York Downloads
  5. From Where We Are Now
    Speech, Federal Reserve Bank of New York Downloads
  6. Mentions of Inventions
    Speech, Federal Reserve Bank of New York Downloads
  7. Opening Remarks
    Speech, Federal Reserve Bank of New York Downloads
    Also in Speech, Federal Reserve Bank of New York (2021) Downloads
  8. Uncertain Times
    Speech, Federal Reserve Bank of New York Downloads

2024

  1. 100 Years at 33 Liberty Street
    Speech, Federal Reserve Bank of New York Downloads
  2. All About Data
    Speech, Federal Reserve Bank of New York Downloads
  3. Eclipse
    Speech, Federal Reserve Bank of New York Downloads
  4. Finding Balance in the Economy
    Speech, Federal Reserve Bank of New York Downloads
  5. Managing the Known Unknowns
    Speech, Federal Reserve Bank of New York Downloads
  6. New York City Is Alive
    Speech, Federal Reserve Bank of New York Downloads
  7. R-Star: A Global Perspective
    Speech, Federal Reserve Bank of New York Downloads
  8. Rules of Three
    Speech, Federal Reserve Bank of New York Downloads
  9. Ten Years Gone
    Speech, Federal Reserve Bank of New York Downloads
  10. The Journey
    Speech, Federal Reserve Bank of New York Downloads
  11. There and Back Again
    Speech, Federal Reserve Bank of New York Downloads
  12. Tracking Reserve Ampleness in Real Time Using Reserve Demand Elasticity
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  13. When Are Central Bank Reserves Ample?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  14. X Marks the Spot: Making Missing Markets
    Speech, Federal Reserve Bank of New York Downloads
  15. ‘E’ Is for Equipoise
    Speech, Federal Reserve Bank of New York Downloads

2023

  1. Achieving Balance Amid Uncertainty
    Speech, Federal Reserve Bank of New York Downloads
  2. Attaining and Maintaining Price Stability
    Speech, Federal Reserve Bank of New York Downloads
  3. Elementary, Dear Data
    Speech, Federal Reserve Bank of New York Downloads
  4. Measuring the Natural Rate of Interest after COVID-19
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (6)
  5. Measuring the Natural Rate of Interest: Past, Present, and Future
    Speech, Federal Reserve Bank of New York Downloads View citations (6)
  6. Our Work Is Not Yet Done
    Speech, Federal Reserve Bank of New York Downloads
  7. Peeling the Inflation Onion, Revisited
    Speech, Federal Reserve Bank of New York Downloads
  8. Restoring Price Stability
    Speech, Federal Reserve Bank of New York Downloads
  9. Shifting Gears: Rebalance and Realignment in the Economy
    Speech, Federal Reserve Bank of New York Downloads
  10. The Dual Transformation of R&S and Monetary Policy
    Speech, Federal Reserve Bank of New York Downloads
  11. The Optimal Supply of Central Bank Reserves under Uncertainty
    Staff Reports, Federal Reserve Bank of New York Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2023) Downloads
  12. This Is the Way
    Speech, Federal Reserve Bank of New York Downloads

2022

  1. A Bedrock Commitment to Price Stability
    Speech, Federal Reserve Bank of New York Downloads
  2. A Jack of All Trades Is a Master of None
    Speech, Federal Reserve Bank of New York Downloads
  3. A New Approach to Assess Inflation Expectations Anchoring Using Strategic Surveys
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (16)
    See also Journal Article A new approach to assess inflation expectations anchoring using strategic surveys, Journal of Monetary Economics, Elsevier (2022) Downloads View citations (11) (2022)
  4. A New York Moment
    Speech, Federal Reserve Bank of New York Downloads
  5. A Steady Anchor in a Stormy Sea
    Speech, Federal Reserve Bank of New York Downloads
  6. A Time of Uncertainty
    Speech, Federal Reserve Bank of New York Downloads
  7. Bridging the Skills Gap
    Speech, Federal Reserve Bank of New York Downloads
  8. Global Issues, Global Implications
    Speech, Federal Reserve Bank of New York Downloads
  9. Macroeconomic Drivers and the Pricing of Uncertainty, Inflation, and Bonds
    Staff Reports, Federal Reserve Bank of New York Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2022) Downloads
  10. Measuring the Ampleness of Reserves
    Liberty Street Economics, Federal Reserve Bank of New York Downloads
  11. Peeling the Inflation Onion
    Speech, Federal Reserve Bank of New York Downloads
  12. Price Stability: The Foundation for a Strong Economy
    Speech, Federal Reserve Bank of New York Downloads
  13. Reading the Recovery
    Speech, Federal Reserve Bank of New York Downloads
  14. Restoring Balance
    Speech, Federal Reserve Bank of New York Downloads
  15. Scarce, Abundant, or Ample? A Time-Varying Model of the Reserve Demand Curve
    Staff Reports, Federal Reserve Bank of New York Downloads
  16. The Curious Case of the Rise in Deflation Expectations
    Staff Reports, Federal Reserve Bank of New York Downloads
  17. The Right Tools for Our Time
    Speech, Federal Reserve Bank of New York Downloads
  18. The Song Remains the Same
    Speech, Federal Reserve Bank of New York Downloads
  19. What Are Consumers’ Inflation Expectations Telling Us Today?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (2)
  20. What Do Consumers Think Will Happen to Inflation?
    Liberty Street Economics, Federal Reserve Bank of New York Downloads View citations (1)

2021

  1. Business More Like Usual
    Speech, Federal Reserve Bank of New York Downloads View citations (1)
  2. Ever Upward
    Speech, Federal Reserve Bank of New York Downloads
  3. Good Day Sunshine
    Speech, Federal Reserve Bank of New York Downloads
  4. Healthy Workforce, Healthy Economy
    Speech, Federal Reserve Bank of New York Downloads
  5. Measure Twice, Cut Once
    Speech, Federal Reserve Bank of New York Downloads
  6. Preparing for the Unknown
    Speech, Federal Reserve Bank of New York Downloads
  7. The Economic Outlook: Getting Back to "More Like Normal"
    Speech, Federal Reserve Bank of New York Downloads
  8. The Economic Recovery: Are We There Yet?
    Speech, Federal Reserve Bank of New York Downloads
  9. The Theory of Average Inflation Targeting
    Speech, Federal Reserve Bank of New York Downloads

2020

  1. 537 Days: Time Is Still Ticking
    Speech, Federal Reserve Bank of New York Downloads
  2. A Different Kind of Recession
    Speech, Federal Reserve Bank of New York Downloads
  3. A New Chapter for the FOMC Monetary Policy Framework
    Speech, Federal Reserve Bank of New York Downloads
  4. A Solution to Every Puzzle
    Speech, Federal Reserve Bank of New York Downloads
  5. A Time for Bold Action
    Speech, Federal Reserve Bank of New York Downloads
  6. Building an Equitable Future
    Speech, Federal Reserve Bank of New York Downloads
  7. Getting to the Core of Culture
    Speech, Federal Reserve Bank of New York Downloads
  8. Inflation Targeting: Securing the Anchor
    Speech, Federal Reserve Bank of New York Downloads View citations (1)
  9. Research, Policy, and the Zero Lower Bound
    Speech, Federal Reserve Bank of New York Downloads
  10. Rising to the Challenge: Central Banking, Financial Markets, and the Pandemic
    Speech, Federal Reserve Bank of New York Downloads
  11. The Economic Outlook
    Speech, Federal Reserve Bank of New York Downloads
    Also in Speech, Federal Reserve Bank of San Francisco (2011) Downloads View citations (1)
    Speech, Federal Reserve Bank of San Francisco (2010) Downloads View citations (7)
  12. The Economy in the Time of Coronavirus
    Speech, Federal Reserve Bank of New York Downloads
  13. The Longer-Run Framework: A Look Ahead
    Speech, Federal Reserve Bank of New York Downloads
  14. What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (18)
    Also in Staff Reports, Federal Reserve Bank of New York (2018) Downloads View citations (11)

    See also Journal Article What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices, American Economic Review, American Economic Association (2021) Downloads View citations (9) (2021)

2019

  1. 901 Days
    Speech, Federal Reserve Bank of New York Downloads
  2. A Tale of Many Economies
    Speech, Federal Reserve Bank of New York
  3. Banking culture: the path ahead: remarks at Building Cultural Capital in the Financial Services Industry: Emerging Practices, Risks and Opportunities, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads
  4. Discussion of 'Prospects for Inflation in a High Pressure Economy: Is the Phillips Curve Dead or Is It Just Hibernating?' by Peter Hooper, Frederic S. Mishkin, and Amir Sufi: remarks at the U.S. Monetary Policy Forum, New York City
    Speech, Federal Reserve Bank of New York Downloads
  5. Diversity and Inclusion: We Are Not Where We Need to Be: remarks at OPEN Finance Forum, New York City
    Speech, Federal Reserve Bank of New York Downloads
  6. Fulfilling our economic potential: remarks at the Association for Neighborhood & Housing Development 2019 Annual Conference, New York City
    Speech, Federal Reserve Bank of New York Downloads
  7. If we fail to prepare, we prepare to rail: remarks at Council on Foreign Relations, New York City
    Speech, Federal Reserve Bank of New York Downloads
  8. LIBOR: The Clock Is Ticking
    Speech, Federal Reserve Bank of New York Downloads
  9. Living Life Near the ZLB
    Speech, Federal Reserve Bank of New York Downloads View citations (3)
  10. Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (33)
    Also in Staff Reports, Federal Reserve Bank of New York (2019) Downloads View citations (16)

    See also Journal Article Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates, AEA Papers and Proceedings, American Economic Association (2019) Downloads View citations (76) (2019)
  11. Monetary Policy and the Economic Outlook
    Speech, Federal Reserve Bank of New York Downloads
  12. Monetary policy: a 'data dependent' approach: remarks at the New Jersey Bankers Association's Economic Leadership Forum, Somerset, New Jersey
    Speech, Federal Reserve Bank of New York Downloads View citations (1)
  13. Money Markets and the Federal Funds Rate: The Path Forward
    Speech, Federal Reserve Bank of New York Downloads
  14. No Man Is an Island
    Speech, Federal Reserve Bank of New York Downloads
  15. The Evolution of Macro Models at the Federal Reserve Board
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (42)
    See also Journal Article The evolution of macro models at the Federal Reserve Board, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1997) Downloads View citations (169) (1997)
  16. The Gold Beneath Our Feet
    Speech, Federal Reserve Bank of New York Downloads
  17. The economic outlook: the ‘new normal’ is now: remarks at The Economic Club of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads
  18. The joys of spring: remarks at the 21st Annual Bronx Bankers Breakfast, Bronx, New York
    Speech, Federal Reserve Bank of New York Downloads
  19. The research-policy nexus: ZLB, JMCB and FOMC: remarks at the Conference Celebrating the 50th Anniversary of the Journal of Money, Credit and Banking, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads
  20. The ‘new normal’ for growth: remarks at the Community Bankers Conference, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York
  21. Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (35)
    Also in Staff Reports, Federal Reserve Bank of New York (2019) Downloads View citations (13)
  22. When the Facts Change…: remarks at the 9th High-Level Conference on the International Monetary System, Zürich, Switzerland
    Speech, Federal Reserve Bank of New York Downloads View citations (1)

2018

  1. 'Normal' monetary policy in words and deeds: remarks at Columbia University, School of International and Public Affairs, New York City
    Speech, Federal Reserve Bank of New York Downloads
  2. Expecting the Expected: Staying Calm When the Data Meet the Forecasts
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Expecting the Expected: Staying Calm When the Data Meet the Forecasts, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2018) Downloads (2018)
  3. Monetary policy strategies for a low-neutral-interest-rate world: remarks at the 80th Plenary Meeting of the Group of Thirty, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads View citations (1)
  4. Moving toward 'normal' U.S. monetary policy: remarks at the Joint Bank Indonesia-Federal Reserve Bank of New York Central Banking Forum, Nusa Dua, Indonesia
    Speech, Federal Reserve Bank of New York Downloads
  5. Now is the time for banking culture reform: remarks at Governance and Culture Reform Conference, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads
  6. Remarks at the 42nd Annual Central Banking Seminar, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads
  7. Supporting Strong, Steady, and Sustainable Growth
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Supporting Strong, Steady, and Sustainable Growth, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2018) Downloads (2018)
  8. The Future Fortunes of R-star: Are They Really Rising?
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (3)
    See also Journal Article The Future Fortunes of R-star: Are They Really Rising?, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2018) Downloads View citations (3) (2018)
  9. Welcoming remarks at the Investing in America's Workforce Book Launch Event, Federal Reserve Bank of New York, New York City
    Speech, Federal Reserve Bank of New York Downloads

2017

  1. From Sustained Recovery to Sustainable Growth: What a Difference Four Years Makes. Speech to the Forecasters Club, New York, New York, March 29, 2017
    Speech, Federal Reserve Bank of San Francisco Downloads
  2. Interest Rates and the “New Normal”
    Speech, Federal Reserve Bank of San Francisco Downloads
  3. Keeping the Recovery Sustainable: The Essential Role of an Independent Fed. Speech to the Santa Cruz Chamber of Commerce, Santa Cruz, California, February 28, 2017
    Speech, Federal Reserve Bank of San Francisco Downloads
  4. Looking Back, Looking Ahead
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (3)
    See also Journal Article Looking Back, Looking Ahead, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2017) Downloads (2017)
  5. Monetary Policy and the Economic Outlook: A Fine Balancing Act
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Monetary Policy and the Economic Outlook: A Fine Balancing Act, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2017) Downloads (2017)
  6. Monetary Policy’s Role in Fostering Sustainable Growth
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Monetary Policy's Role in Fostering Sustainable Growth, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2017) Downloads (2017)
  7. Preparing for the Next Storm: Reassessing Frameworks & Strategies in a Low R-Star World
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (16)
  8. Risk, Resilience & Sustainable Growth: U.S. Monetary Policy in a Post-Recovery Era
    Speech, Federal Reserve Bank of San Francisco Downloads
  9. Speed Limits and Stall Speeds: Fostering Sustainable Growth in the United States
    Speech, Federal Reserve Bank of San Francisco Downloads
  10. The Global Challenge of Very Low R-Star
    Speech, Federal Reserve Bank of San Francisco Downloads
  11. The Global Growth Slump: Causes & Consequences
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (4)
  12. The Jenga Tower of Prosperity: The Strong, Prosperous, And Resilient Communities Challenge (SPARCC). Speech to the SPARCC National Launch Event, New York, New York, March 30, 2017
    Speech, Federal Reserve Bank of San Francisco Downloads
  13. What’s the Future of Interest Rates? The Answer’s in the Stars
    Speech, Federal Reserve Bank of San Francisco Downloads
  14. When the United States Sneezes…
    Speech, Federal Reserve Bank of San Francisco Downloads

2016

  1. After the first rate hike
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article After the first rate hike, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2016) Downloads (2016)
  2. Assessing the New Normal(s). Speech to the Federal Home Loan Bank of San Francisco’s 2016 Member Conference, San Francisco, California, October 21, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  3. Discussion of “Language after liftoff: Fed communication away from the zero lower bound”
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
  4. Diversity and Inclusion without Excuses. Speech at the Conference on “Improving Diversity in the Financial Services Industry: A Holistic View”, Rutgers University, Newark Campus, Newark, New Jersey, October 19, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  5. Fintech: the power of the possible and potential pitfalls. Speech at the LendIt USA 2016 conference, San Francisco, California, April 12, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  6. Longview: The Economic Outlook. Speech to the Anchorage Economic Development Corporation, Anchorage, Alaska, August 18, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  7. Measuring the Natural Rate of Interest Redux
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (108)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) Downloads View citations (40)
  8. Measuring the Natural Rate of Interest: International Trends and Determinants
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (123)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2016) Downloads View citations (98)

    See also Chapter Measuring the Natural Rate of Interest: International Trends and Determinants, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (184) (2016)
    Journal Article Measuring the natural rate of interest: International trends and determinants, Journal of International Economics, Elsevier (2017) Downloads View citations (556) (2017)
  9. Now that Winter is over, springtime is on my mind. Speech to the Sacramento Economic Forum, Sacramento, California, May 13, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  10. Rules of engagement
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Rules of engagement, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2016) Downloads (2016)
  11. The health of nations
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
  12. The right profile: economic drivers and the outlook
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article The right profile: economic drivers and the outlook, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2016) Downloads (2016)
  13. Trick of the light? The U.S. economy, global growth, and international risks in perspective. A speech at the Lee Kuan Yew School of Public Policy and U.S. Embassy Speaker Series, Singapore, Singapore, March 29, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads
  14. Whither Inflation Targeting? Speech to the Hayek Group, Reno, Nevada, September 6, 2016
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)

2015

  1. China, rates, and the outlook: may the (economic) force be with you
    Speech, Federal Reserve Bank of San Francisco Downloads
  2. Dancing days are here again: the long road back to maximum employment
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Dancing days are here again: the long road back to maximum employment, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2015) Downloads (2015)
  3. Data is the new black: monetary policy by the numbers
    Speech, Federal Reserve Bank of San Francisco Downloads
  4. Impact investing, impacting neighborhoods
    Speech, Federal Reserve Bank of San Francisco Downloads
  5. Looking forward, forward looking: the path for monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
  6. Macroprudential policy in a microprudential world
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (11)
    See also Journal Article Macroprudential policy in a microprudential world, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2015) Downloads View citations (11) (2015)
  7. Measuring the effects of monetary policy on house prices and the economy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Chapter Measuring the effects of monetary policy on house prices and the economy, BIS Papers chapters, Bank for International Settlements (2016) Downloads View citations (15) (2016)
  8. Monetary policy and the independence dilemma
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (4)
    See also Journal Article Monetary policy and the independence dilemma, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2015) Downloads View citations (2) (2015)
  9. The economic outlook: live long and prosper
    Speech, Federal Reserve Bank of San Francisco Downloads
    Also in Speech, Federal Reserve Bank of San Francisco (2015) Downloads
    Speech, Federal Reserve Bank of San Francisco (2015) Downloads
    Speech, Federal Reserve Bank of San Francisco (2015) Downloads

    See also Journal Article The economic outlook: live long and prosper, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2015) Downloads (2015)
  10. The outlook, education, and the future of the American economy
    Speech, Federal Reserve Bank of San Francisco Downloads
  11. The recovery’s final frontier?
    Speech, Federal Reserve Bank of San Francisco Downloads
    Also in Speech, Federal Reserve Bank of San Francisco (2015) Downloads

    See also Journal Article The recovery’s final frontier?, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2015) Downloads (2015)
  12. The rediscovery of financial market imperfections
    Speech, Federal Reserve Bank of San Francisco Downloads
  13. The view from here: the economic outlook and its implications for monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads

2014

  1. A Wedge in the Dual Mandate: Monetary Policy and Long-Term Unemployment
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Journal Article A wedge in the dual mandate: Monetary policy and long-term unemployment, Journal of Macroeconomics, Elsevier (2016) Downloads View citations (14) (2016)
  2. Accommodative monetary policy: savior or saboteur?
    Speech, Federal Reserve Bank of San Francisco Downloads
  3. Economic conditions and monetary policy: a transitional phase introduction
    Speech, Federal Reserve Bank of San Francisco
  4. Financial stability and monetary policy: happy marriage or untenable union?
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (15)
    See also Journal Article Financial stability and monetary policy: happy marriage or untenable union?, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2014) Downloads View citations (15) (2014)
  5. Housing, banking, and the recovery: the outlook
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article Housing, banking, and the recovery: the outlook, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2014) Downloads (2014)
  6. Inflation targeting and the global financial crisis: successes and challenges
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (9)
  7. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (415)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) Downloads View citations (60)
    Working Paper Series, Federal Reserve Bank of San Francisco (2012) Downloads View citations (8)

    See also Journal Article Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates, American Economic Review, American Economic Association (2014) Downloads View citations (424) (2014)
  8. Navigating toward normal: the road back to the future for monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
  9. The Federal Reserve: inside monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
  10. The economic recovery and monetary policy: the road back to ordinary
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article The economic recovery and monetary policy: the road back to ordinary, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2014) Downloads View citations (1) (2014)

2013

  1. A Defense of Moderation in Monetary Policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (21)
    See also Journal Article A defense of moderation in monetary policy, Journal of Macroeconomics, Elsevier (2013) Downloads View citations (22) (2013)
  2. Bubbles tomorrow and bubbles yesterday, but never bubbles today?
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (11)
    See also Journal Article Bubbles tomorrow and bubbles yesterday, but never bubbles today?, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2013) Downloads View citations (11) (2013)
  3. Lessons from the financial crisis for unconventional monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (4)
  4. Life's unpredictable arc
    Speech, Federal Reserve Bank of San Francisco Downloads
  5. Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
    See also Chapter Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (13) (2013)
  6. Monetary policy and the recovery
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
  7. Rebalancing the economy: a tale of two countries
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article Rebalancing the economy: a tale of two countries, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2013) Downloads (2013)
  8. The economic outlook and monetary policy: moving in the right direction
    Speech, Federal Reserve Bank of San Francisco Downloads
  9. The economic outlook, unemployment, and monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
  10. The economic recovery: past, present, and future
    Speech, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article The economic recovery: past, present, and future, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2013) Downloads (2013)
  11. The economy and monetary policy in uncertain times
    Speech, Federal Reserve Bank of San Francisco Downloads
  12. The economy and monetary policy: follow the demand
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
  13. The economy and the Federal Reserve: real progress, but too soon to relax
    Speech, Federal Reserve Bank of San Francisco Downloads
  14. Will unconventional monetary policy be the new normal?
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (6)

2012

  1. Bank regulation in the post-crisis world
    Speech, Federal Reserve Bank of San Francisco Downloads
  2. Discussion of \"Housing, monetary policy, and the recovery\"
    Speech, Federal Reserve Bank of San Francisco Downloads
  3. Monetary policy and the slow recovery: It’s not just about housing
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
    Also in Speech, Federal Reserve Bank of San Francisco (2012) Downloads View citations (1)
  4. Monetary policy, money, and inflation
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (12)
    See also Journal Article Monetary policy, money, and inflation, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2012) Downloads View citations (3) (2012)
  5. The Federal Reserve and the economic recovery
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
    Also in Speech, Federal Reserve Bank of San Francisco (2012) Downloads View citations (2)

    See also Journal Article The Federal Reserve and the economic recovery, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2012) Downloads (2012)
  6. The Federal Reserve's unconventional policies
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (11)
    See also Journal Article The Federal Reserve’s unconventional policies, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2012) Downloads View citations (11) (2012)
  7. The Federal Reserve’s mandate and best practice monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (1)
  8. The economic outlook and challenges to monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
    Also in Speech, Federal Reserve Bank of San Francisco (2012) Downloads
    Speech, Federal Reserve Bank of San Francisco (2012) Downloads
  9. The economic outlook and monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
    Also in Speech, Federal Reserve Bank of San Francisco (2011) Downloads
  10. The economic outlook: global and domestic challenges to growth
    Speech, Federal Reserve Bank of San Francisco Downloads
  11. The economy, fiscal policy, and monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
  12. The role of monetary policy in bolstering economic growth
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
    Also in Speech, Federal Reserve Bank of San Francisco (2012) Downloads View citations (2)
  13. The slow recovery: causes and monetary policy implications
    Speech, Federal Reserve Bank of San Francisco Downloads
  14. Welcoming remarks
    Speech, Federal Reserve Bank of San Francisco Downloads

2011

  1. Economics instruction and the brave new world of monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (4)
    See also Journal Article Economics instruction and the brave new world of monetary policy, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2011) Downloads View citations (1) (2011)
  2. Have we underestimated the likelihood and severity of zero lower bound events?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (68)
    See also Journal Article Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?, Journal of Money, Credit and Banking, Blackwell Publishing (2012) Downloads View citations (249) (2012)
  3. Maintaining price stability in a global economy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Journal Article Maintaining price stability in a global economy, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2011) Downloads (2011)
  4. Monetary Policy Mistakes and the Evolution of Inflation Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) Downloads View citations (7)
    Working Papers, Central Bank of Cyprus (2010) Downloads View citations (9)
    Working Paper Series, Federal Reserve Bank of San Francisco (2010) Downloads View citations (5)

    See also Chapter Monetary Policy Mistakes and the Evolution of Inflation Expectations, NBER Chapters, National Bureau of Economic Research, Inc (2013) Downloads View citations (11) (2013)
  5. Monetary policy in an era of crises
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (2)
  6. Risk management and macroprudential supervisory policies
    Speech, Federal Reserve Bank of San Francisco Downloads
  7. Swimming upstream: monetary policy following the financial crisis
    Speech, Federal Reserve Bank of San Francisco Downloads
  8. The outlook for the U.S. economy and role for monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
  9. The outlook for the economy and monetary policy
    Speech, Federal Reserve Bank of San Francisco Downloads
  10. Unconventional monetary policy: lessons from the past three years
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (32)
    See also Journal Article Unconventional monetary policy: lessons from the past three years, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2011) Downloads View citations (38) (2011)
  11. Will the financial crisis have a lasting effect on unemployment?
    Speech, Federal Reserve Bank of San Francisco Downloads

2010

  1. Sailing into headwinds: the uncertain outlook for the U.S. economy
    Speech, Federal Reserve Bank of San Francisco Downloads View citations (10)
  2. Simple and Robust Rules for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (154)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) Downloads View citations (74)

    See also Chapter Simple and Robust Rules for Monetary Policy, Handbook of Monetary Economics, Elsevier (2010) Downloads View citations (154) (2010)
  3. The economic outlook: moving forward on a bumpy road
    Speech, Federal Reserve Bank of San Francisco Downloads

2009

  1. Heeding Daedalus: Optimal inflation and the zero lower bound
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (76)
    See also Journal Article Heeding Daedalus: Optimal Inflation and the Zero Lower Bound, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2009) Downloads View citations (112) (2009)

2008

  1. A Black Swan in the Money Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (109)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (37)

    See also Journal Article A Black Swan in the Money Market, American Economic Journal: Macroeconomics, American Economic Association (2009) Downloads View citations (285) (2009)
  2. Further Results on a Black Swan in the Money Market
    Discussion Papers, Stanford Institute for Economic Policy Research Downloads View citations (60)
  3. Imperfect Knowledge And The Pitfalls Of Optimal Control Monetary Policy
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (6)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (5)
    Working Papers, Central Bank of Cyprus (2008) Downloads View citations (5)

    See also Chapter Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2009) Downloads View citations (12) (2009)
  4. LEARNING, EXPECTATIONS FORMATION, AND THE PITFALLS OF OPTIMAL CONTROL MONETARY POLICY
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Downloads View citations (61)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (59)
    Working Papers, Central Bank of Cyprus (2008) Downloads View citations (55)

    See also Journal Article Learning, expectations formation, and the pitfalls of optimal control monetary policy, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (59) (2008)
  5. WELFARE-MAXIMIZING MONETARY POLICY UNDER PARAMETER UNCERTAINTY
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Downloads View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007) Downloads View citations (2)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) Downloads View citations (2)
    2007 Meeting Papers, Society for Economic Dynamics (2007) Downloads View citations (2)

    See also Journal Article Welfare-maximizing monetary policy under parameter uncertainty, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2010) Downloads View citations (19) (2010)

2007

  1. Forecasting recessions: the puzzle of the enduring power of the yield curve
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (14)
    See also Journal Article Forecasting Recessions: The Puzzle of the Enduring Power of the Yield Curve, Journal of Business & Economic Statistics, American Statistical Association (2009) Downloads View citations (192) (2009)
  2. Learning and the Role of Macroeconomic Factors in the Term Structure of Interest Rates
    2007 Meeting Papers, Society for Economic Dynamics View citations (19)
  3. Robust monetary policy with imperfect knowledge
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (167)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) Downloads View citations (151)
    Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (20)
    Working Paper Series, European Central Bank (2007) Downloads View citations (180)

    See also Journal Article Robust monetary policy with imperfect knowledge, Journal of Monetary Economics, Elsevier (2007) Downloads View citations (172) (2007)

2006

  1. Inflation Targeting Under Imperfect Knowledge
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (21)
    Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (36)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2006) Downloads View citations (11)
    Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads View citations (13)

    See also Journal Article Inflation targeting under imperfect knowledge, Economic Review, Federal Reserve Bank of San Francisco (2007) Downloads View citations (25) (2007)
    Chapter Inflation Targeting under Imperfect Knowledge, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2007) Downloads View citations (42) (2007)
  2. Macroeconomic factors in the term structure of interest rates when agents learn
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (1)
  3. Monetary policy in a low inflation economy with learning
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
    See also Journal Article Monetary policy in a low inflation economy with learning, Economic Review, Federal Reserve Bank of San Francisco (2010) Downloads View citations (24) (2010)
  4. Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads View citations (54)

    See also Chapter Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections, NBER Chapters, National Bureau of Economic Research, Inc (2008) Downloads View citations (101) (2008)

2005

  1. Inflation Scares and Forecast-Based Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (105)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2003) Downloads View citations (25)
    Working Paper Series, Federal Reserve Bank of San Francisco (2003) Downloads View citations (13)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003) Downloads View citations (16)

    See also Journal Article Inflation scares and forecast-based monetary policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2005) Downloads View citations (108) (2005)
  2. Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (340)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) Downloads View citations (111)

    See also Chapter Monetary Policy under Uncertainty in Micro-Founded Macroeconometric Models, NBER Chapters, National Bureau of Economic Research, Inc (2006) Downloads View citations (179) (2006)
  3. Monetary policy with imperfect knowledge
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (16)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) Downloads View citations (8)
    Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (4)

    See also Journal Article Monetary Policy with Imperfect Knowledge, Journal of the European Economic Association, MIT Press (2006) Downloads View citations (76) (2006)
  4. The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (184)
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004) Downloads View citations (20)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2004) Downloads View citations (19)
    Working Paper Series, Federal Reserve Bank of San Francisco (2003) Downloads View citations (10)
    Working Paper Series, European Central Bank (2004) Downloads View citations (25)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (5)

    See also Journal Article The decline of activist stabilization policy: Natural rate misperceptions, learning, and expectations, Journal of Economic Dynamics and Control, Elsevier (2005) Downloads View citations (144) (2005)

2004

  1. Investment, Capacity, and Uncertainty: A Putty-Clay Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2002) Downloads View citations (2)

    See also Journal Article Investment, Capacity, and Uncertainty: A Putty-Clay Approach, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2005) Downloads View citations (42) (2005)
  2. Learning and shifts in long-run productivity growth
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (84)

    See also Journal Article Learning and shifts in long-run productivity growth, Journal of Monetary Economics, Elsevier (2007) Downloads View citations (87) (2007)
  3. Robust estimation and monetary policy with unobserved structural change
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (6)
    See also Journal Article Robust estimation and monetary policy with unobserved structural change, Economic Review, Federal Reserve Bank of San Francisco (2006) Downloads View citations (4) (2006)
  4. Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    Also in Working Papers, Federal Reserve Bank of Boston (2001) Downloads View citations (20)
    Working Paper Series, Federal Reserve Bank of San Francisco (2004) Downloads View citations (16)
    Boston University - Department of Economics - The Institute for Economic Development Working Papers Series, Boston University - Department of Economics (2001) Downloads View citations (15)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) Downloads View citations (13)
  5. Using a long-term interest rate as the monetary policy instrument
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (4)
    See also Journal Article Using a long-term interest rate as the monetary policy instrument, Journal of Monetary Economics, Elsevier (2005) Downloads View citations (32) (2005)

2003

  1. Imperfect Knowledge, Inflation Expectations, and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (130)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2002) Downloads View citations (19)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (53)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2003) Downloads View citations (82)

    See also Chapter Imperfect Knowledge, Inflation Expectations, and Monetary Policy, NBER Chapters, National Bureau of Economic Research, Inc (2004) Downloads View citations (87) (2004)
  2. Inflation Scares and Monetary Policy
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (14)
  3. Parameter Uncertainty and the Central Bank's Objective Function
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (18)
  4. Robust Monetary Policy with Competing Reference Models
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (224)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2003) Downloads View citations (207)

    See also Journal Article Robust monetary policy with competing reference models, Journal of Monetary Economics, Elsevier (2003) Downloads View citations (239) (2003)
  5. Robust monetary policy rules with unknown natural rates
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (122)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2002) Downloads View citations (145)

    See also Journal Article Robust Monetary Policy Rules with Unknown Natural Rates, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2002) Downloads View citations (290) (2002)
  6. The performance of forecast-based monetary policy rules under model uncertainty
    CFS Working Paper Series, Center for Financial Studies (CFS) Downloads View citations (266)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) Downloads View citations (35)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) Downloads View citations (5)
    Working Paper Series, European Central Bank (2001) Downloads View citations (42)
    Computing in Economics and Finance 2000, Society for Computational Economics (2000) View citations (6)

    See also Journal Article The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty, American Economic Review, American Economic Association (2003) Downloads View citations (305) (2003)
  7. The responses of wages and prices to technology shocks
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (9)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2003) Downloads View citations (47)

2001

  1. Measuring the Natural Rate of Interest
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (55)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2001) Downloads View citations (47)

    See also Journal Article Measuring the Natural Rate of Interest, The Review of Economics and Statistics, MIT Press (2003) Downloads View citations (770) (2003)

1999

  1. Implications of the Zero Bound on Interest Rates for the Design of Monetary Policy Rules
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (3)
  2. Simple rules for monetary policy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (103)
    See also Journal Article Simple rules for monetary policy, Economic Review, Federal Reserve Bank of San Francisco (2003) Downloads View citations (38) (2003)
  3. The Performance of Forward-Looking Monetary Policy Rules under Model Uncertainty
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (9)
  4. Three lessons for monetary policy in a low inflation era
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (69)
    See also Journal Article Three lessons for monetary policy in a low-inflation era, Conference Series ; [Proceedings], Federal Reserve Bank of Boston (2000) View citations (436) (2000)
  5. Too Much of a Good Thing? The Economics of Investment in R&D
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (3)
    Working Papers, Stanford University, Department of Economics View citations (56)
    Working Papers, Harvard - Institute for International Development (1996) View citations (9)
    Working Papers, Stanford University, Department of Economics Downloads View citations (9)
    Working Papers, Stanford University, Department of Economics (1999) Downloads View citations (20)

    See also Journal Article Too Much of a Good Thing? The Economics of Investment in R&D, Journal of Economic Growth, Springer (2000) Downloads View citations (427) (2000)
  6. What's happened to the Phillips curve?
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (55)

1998

  1. Investment, capacity, and output: a putty-clay approach
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (3)
  2. Putty-Clay and Investment: A Business Cycle Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) Downloads View citations (31)

    See also Journal Article Putty-Clay and Investment: A Business Cycle Analysis, Journal of Political Economy, University of Chicago Press (2000) Downloads View citations (128) (2000)
  3. Robustness of Simple Monetary Policy Rules under Model Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (123)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) Downloads View citations (209)

    See also Chapter Robustness of Simple Monetary Policy Rules under Model Uncertainty, NBER Chapters, National Bureau of Economic Research, Inc (1999) Downloads View citations (379) (1999)

1997

  1. Expectations, learning and the costs of disinflation: experiments using the FRB/US model
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (16)
  2. Measuring the social return to R&D
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (15)
    Also in Working Papers, Stanford University, Department of Economics Downloads View citations (21)

    See also Journal Article Measuring the Social Return to R&D, The Quarterly Journal of Economics, President and Fellows of Harvard College (1998) Downloads View citations (480) (1998)

1995

  1. The limits to \"growing an economy.\"
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

Journal Articles

2022

  1. A new approach to assess inflation expectations anchoring using strategic surveys
    Journal of Monetary Economics, 2022, 129, (S), S82-S101 Downloads View citations (11)
    See also Working Paper A New Approach to Assess Inflation Expectations Anchoring Using Strategic Surveys, Staff Reports (2022) Downloads View citations (16) (2022)

2021

  1. What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices
    American Economic Review, 2021, 111, (8), 2473-2505 Downloads View citations (9)
    See also Working Paper What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices, Working Paper Series (2020) Downloads View citations (18) (2020)

2020

  1. The Research–Policy Nexus: ZLB, JMCB, and FOMC
    Journal of Money, Credit and Banking, 2020, 52, (S2), 601-605 Downloads

2019

  1. J.C. Williams, When the United States Sneezes…
    Journal of International Money and Finance, 2019, 95, (C), 185-188 Downloads View citations (1)
  2. Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates
    AEA Papers and Proceedings, 2019, 109, 427-32 Downloads View citations (76)
    See also Working Paper Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates, Working Paper Series (2019) Downloads View citations (33) (2019)

2018

  1. Expecting the Expected: Staying Calm When the Data Meet the Forecasts
    FRBSF Economic Letter, 2018 Downloads
    See also Working Paper Expecting the Expected: Staying Calm When the Data Meet the Forecasts, Speech (2018) Downloads (2018)
  2. Supporting Strong, Steady, and Sustainable Growth
    FRBSF Economic Letter, 2018 Downloads
    See also Working Paper Supporting Strong, Steady, and Sustainable Growth, Speech (2018) Downloads (2018)
  3. The Future Fortunes of R-star: Are They Really Rising?
    FRBSF Economic Letter, 2018 Downloads View citations (3)
    See also Working Paper The Future Fortunes of R-star: Are They Really Rising?, Speech (2018) Downloads View citations (3) (2018)

2017

  1. Interest Rates and the \\"New Normal\\"
    FRBSF Economic Letter, 2017 Downloads
  2. Looking Back, Looking Ahead
    FRBSF Economic Letter, 2017 Downloads
    See also Working Paper Looking Back, Looking Ahead, Speech (2017) Downloads View citations (3) (2017)
  3. Measuring the natural rate of interest: International trends and determinants
    Journal of International Economics, 2017, 108, (S1), S59-S75 Downloads View citations (556)
    See also Working Paper Measuring the Natural Rate of Interest: International Trends and Determinants, Working Paper Series (2016) Downloads View citations (123) (2016)
    Chapter Measuring the Natural Rate of Interest: International Trends and Determinants, NBER Chapters, 2016 (2016) View citations (184) (2016)
  4. Monetary Policy and the Economic Outlook: A Fine Balancing Act
    FRBSF Economic Letter, 2017 Downloads
    See also Working Paper Monetary Policy and the Economic Outlook: A Fine Balancing Act, Speech (2017) Downloads (2017)
  5. Monetary Policy's Role in Fostering Sustainable Growth
    FRBSF Economic Letter, 2017 Downloads
    See also Working Paper Monetary Policy’s Role in Fostering Sustainable Growth, Speech (2017) Downloads (2017)
  6. Preparing for the Next Storm: Reassessing Frameworks and Strategies in a Low R-star World
    FRBSF Economic Letter, 2017 Downloads View citations (15)
  7. The Global Growth Slump: Causes and Consequences
    FRBSF Economic Letter, 2017 Downloads View citations (3)
  8. The Perennial Problem of Predicting Potential
    FRBSF Economic Letter, 2017 Downloads View citations (4)
  9. Three Questions on R-star
    FRBSF Economic Letter, 2017 Downloads View citations (6)

2016

  1. A wedge in the dual mandate: Monetary policy and long-term unemployment
    Journal of Macroeconomics, 2016, 47, (PA), 5-18 Downloads View citations (14)
    See also Working Paper A Wedge in the Dual Mandate: Monetary Policy and Long-Term Unemployment, Working Paper Series (2014) Downloads View citations (2) (2014)
  2. After the first rate hike
    FRBSF Economic Letter, 2016 Downloads
    See also Working Paper After the first rate hike, Speech (2016) Downloads View citations (1) (2016)
  3. Data dependence awakens
    FRBSF Economic Letter, 2016 Downloads
  4. Economic outlook: springtime is on my mind
    FRBSF Economic Letter, 2016 Downloads
  5. Longview: The Economic Outlook
    FRBSF Economic Letter, 2016 Downloads
  6. Monetary Policy in a Low R-star World
    FRBSF Economic Letter, 2016 Downloads View citations (38)
  7. Rules of engagement
    FRBSF Economic Letter, 2016 Downloads
    See also Working Paper Rules of engagement, Speech (2016) Downloads (2016)
  8. The right profile: economic drivers and the outlook
    FRBSF Economic Letter, 2016 Downloads
    See also Working Paper The right profile: economic drivers and the outlook, Speech (2016) Downloads (2016)

2015

  1. An overview of our 2015 Annual Report. John Williams, president and chief executive officer, and Mark Gould, first vice president, welcome you to the San Francisco Fed’s 2015 annual report, “What We’ve Learned…and why it matters”
    Annual Report, 2015, 02-02 Downloads View citations (2)
  2. China in the global economy. SF Fed President John Williams talks with Zheng Liu, Mark Spiegel, and Fernanda Nechio of the international research team about China's economic slowdown and how it's affecting global economic activity
    Annual Report, 2015, 07-07 Downloads
  3. Dancing days are here again: the long road back to maximum employment
    FRBSF Economic Letter, 2015 Downloads
    See also Working Paper Dancing days are here again: the long road back to maximum employment, Speech (2015) Downloads (2015)
  4. Health and prosperity. Health and community prosperity are intrinsically linked. SF Fed Community Development’s Ian Galloway sits down with President John Williams to discuss the issue
    Annual Report, 2015, 06-06 Downloads
  5. Looking forward: the path for monetary policy
    FRBSF Economic Letter, 2015 Downloads
  6. Macroprudential policy in a microprudential world
    FRBSF Economic Letter, 2015 Downloads View citations (11)
    See also Working Paper Macroprudential policy in a microprudential world, Speech (2015) Downloads View citations (11) (2015)
  7. Measuring monetary policy’s effect on house prices
    FRBSF Economic Letter, 2015 Downloads View citations (2)
  8. Monetary policy and the independence dilemma
    FRBSF Economic Letter, 2015 Downloads View citations (2)
    See also Working Paper Monetary policy and the independence dilemma, Speech (2015) Downloads View citations (4) (2015)
  9. Redefining the labor market. SF Fed economists Rob Valletta, Nicolas Petrosky-Nadeau, and Mary C. Daly share their thoughts on the U.S. labor market with fellow economist President John Williams
    Annual Report, 2015, 08-08 Downloads
  10. Regional influences on monetary policy. SF Fed Branch Managers Robin Rockwood, Steve Walker, and Roger Replogle talk with President John Williams about ensuring the diverse industries and geographies within our District have a voice
    Annual Report, 2015, 10-10 Downloads
  11. The Decline in the Natural Rate of Interest
    Business Economics, 2015, 50, (2), 57-60 Downloads View citations (32)
  12. The economic outlook: live long and prosper
    FRBSF Economic Letter, 2015 Downloads
    See also Working Paper The economic outlook: live long and prosper, Speech (2015) Downloads (2015)
  13. The fragility of finances. SF Fed Community Development's David Erickson and Laura Choi sit down with President John Williams to discuss the fragility of American household finances and how to get more families on the road to economic opportunity
    Annual Report, 2015, 04-04 Downloads
  14. The fragility of finances. SF Fed Community Development's Laura Choi talks with President John Williams about creative placemaking, a neighborhood revitalization strategy that engages local artists and performers
    Annual Report, 2015, 05-05 Downloads
  15. The recovery’s final frontier?
    FRBSF Economic Letter, 2015 Downloads
    See also Working Paper The recovery’s final frontier?, Speech (2015) Downloads (2015)
  16. The view from here: outlook and monetary policy
    FRBSF Economic Letter, 2015 Downloads
  17. Transforming financial services. Banking supervision’s Tracy Basinger explains why the intersection of finance and technology–fintech–is a matter of great importance and interest to the Fed
    Annual Report, 2015, 09-09 Downloads
  18. What we’ve learned... and why it matters. 2015 Annual Report President's Letter
    Annual Report, 2015, 01-01 Downloads

2014

  1. Does college matter?
    Annual Report, 2014, (1), 1-24 Downloads
  2. Financial stability and monetary policy: happy marriage or untenable union?
    FRBSF Economic Letter, 2014 Downloads View citations (15)
    See also Working Paper Financial stability and monetary policy: happy marriage or untenable union?, Speech (2014) Downloads View citations (15) (2014)
  3. Housing, banking, and the recovery: the outlook
    FRBSF Economic Letter, 2014 Downloads
    See also Working Paper Housing, banking, and the recovery: the outlook, Speech (2014) Downloads (2014)
  4. Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates
    American Economic Review, 2014, 104, (10), 3154-85 Downloads View citations (424)
    See also Working Paper Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates, NBER Working Papers (2014) Downloads View citations (415) (2014)
  5. Navigating toward normal: the future for policy
    FRBSF Economic Letter, 2014 Downloads
  6. Policy rules in practice
    Journal of Economic Dynamics and Control, 2014, 49, (C), 151-153 Downloads View citations (5)
  7. The economic recovery and monetary policy: the road back to ordinary
    FRBSF Economic Letter, 2014 Downloads View citations (1)
    See also Working Paper The economic recovery and monetary policy: the road back to ordinary, Speech (2014) Downloads View citations (1) (2014)

2013

  1. A defense of moderation in monetary policy
    Journal of Macroeconomics, 2013, 38, (PB), 137-150 Downloads View citations (22)
    See also Working Paper A Defense of Moderation in Monetary Policy, Working Paper Series (2013) Downloads View citations (21) (2013)
  2. Bubbles Tomorrow and Bubbles Yesterday, but Never Bubbles Today&quest
    Business Economics, 2013, 48, (4), 224-230 Downloads View citations (24)
  3. Bubbles tomorrow and bubbles yesterday, but never bubbles today?
    FRBSF Economic Letter, 2013, (sept23) Downloads View citations (11)
    See also Working Paper Bubbles tomorrow and bubbles yesterday, but never bubbles today?, Speech (2013) Downloads View citations (11) (2013)
  4. Economic outlook: moving in the right direction
    FRBSF Economic Letter, 2013, (may20) Downloads
  5. Monetary policy in uncertain times
    FRBSF Economic Letter, 2013, (jan21) Downloads View citations (3)
  6. Rebalancing the economy: a tale of two countries
    FRBSF Economic Letter, 2013, (nov12) Downloads
    See also Working Paper Rebalancing the economy: a tale of two countries, Speech (2013) Downloads View citations (1) (2013)
  7. The San Francisco Fed and the West: a century of reinvention
    Annual Report, 2013, (1), 1-9 Downloads
  8. The economic recovery: past, present, and future
    FRBSF Economic Letter, 2013, (july1) Downloads
    See also Working Paper The economic recovery: past, present, and future, Speech (2013) Downloads (2013)
  9. The economy and Fed policy: follow the demand
    FRBSF Economic Letter, 2013, (feb25) Downloads View citations (1)
  10. Will unconventional policy be the new normal?
    FRBSF Economic Letter, 2013, (oct7) Downloads View citations (5)

2012

  1. Cash is dead! Long live cash!: annual report essay
    Annual Report, 2012 Downloads View citations (3)
  2. Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?
    Journal of Money, Credit and Banking, 2012, 44, 47-82 Downloads View citations (249)
    Also in Journal of Money, Credit and Banking, 2012, 44, (s1), 47-82 (2012) Downloads View citations (50)

    See also Working Paper Have we underestimated the likelihood and severity of zero lower bound events?, Working Paper Series (2011) Downloads View citations (68) (2011)
  3. Monetary policy, money, and inflation
    FRBSF Economic Letter, 2012, (july9) Downloads View citations (3)
    See also Working Paper Monetary policy, money, and inflation, Speech (2012) Downloads View citations (12) (2012)
  4. The Federal Reserve and the economic recovery
    FRBSF Economic Letter, 2012, (jan17) Downloads
    See also Working Paper The Federal Reserve and the economic recovery, Speech (2012) Downloads View citations (2) (2012)
  5. The Federal Reserve’s unconventional policies
    FRBSF Economic Letter, 2012, (nov13) Downloads View citations (11)
    See also Working Paper The Federal Reserve's unconventional policies, Speech (2012) Downloads View citations (11) (2012)
  6. The economic outlook and Federal Reserve policy
    FRBSF Economic Letter, 2012, (oct1) Downloads
  7. The outlook and monetary policy challenges
    FRBSF Economic Letter, 2012, (july23) Downloads
  8. The slow recovery: it’s not just housing
    FRBSF Economic Letter, 2012, (apr9) Downloads

2011

  1. Economics instruction and the brave new world of monetary policy
    FRBSF Economic Letter, 2011, (june6) Downloads View citations (1)
    See also Working Paper Economics instruction and the brave new world of monetary policy, Speech (2011) Downloads View citations (4) (2011)
  2. Estimating the macroeconomic effects of the Fed’s asset purchases
    FRBSF Economic Letter, 2011, (jan31) Downloads View citations (12)
  3. Maintaining price stability in a global economy
    FRBSF Economic Letter, 2011, (may9) Downloads
    See also Working Paper Maintaining price stability in a global economy, Speech (2011) Downloads View citations (2) (2011)
  4. Monetary Policy and Housing Booms
    International Journal of Central Banking, 2011, 7, (1), 345-355 Downloads View citations (24)
  5. Opening the temple: annual report essay
    Annual Report, 2011 Downloads
  6. Unconventional monetary policy: lessons from the past three years
    FRBSF Economic Letter, 2011, (oct3) Downloads View citations (38)
    See also Working Paper Unconventional monetary policy: lessons from the past three years, Speech (2011) Downloads View citations (32) (2011)
  7. What is the new normal unemployment rate?
    FRBSF Economic Letter, 2011, (feb14) Downloads View citations (18)

2010

  1. Comment
    NBER International Seminar on Macroeconomics, 2010, 6, (1), 48 - 52 Downloads
  2. Monetary policy in a low inflation economy with learning
    Economic Review, 2010, 1-12 Downloads View citations (24)
    See also Working Paper Monetary policy in a low inflation economy with learning, Working Paper Series (2006) Downloads View citations (8) (2006)
  3. The Zero Lower Bound: Lessons from the Past Decade
    NBER International Seminar on Macroeconomics, 2010, 6, (1), 367 - 375 Downloads View citations (5)
    See also Chapter The Zero Lower Bound: Lessons from the Past Decade, NBER Chapters, 2010, 367-375 (2010) Downloads (2010)
  4. The shape of things to come
    FRBSF Economic Letter, 2010, (may17) Downloads
  5. Welfare-maximizing monetary policy under parameter uncertainty
    Journal of Applied Econometrics, 2010, 25, (1), 129-143 Downloads View citations (19)
    Also in Journal of Applied Econometrics, 2010, 25, (1), 129-143 (2010) Downloads View citations (8)
    Proceedings, 2007 (2007) Downloads View citations (6)

    See also Working Paper WELFARE-MAXIMIZING MONETARY POLICY UNDER PARAMETER UNCERTAINTY, CAMA Working Papers (2008) Downloads View citations (4) (2008)

2009

  1. A Black Swan in the Money Market
    American Economic Journal: Macroeconomics, 2009, 1, (1), 58-83 Downloads View citations (285)
    Also in Proceedings, 2009, (Jan) (2009) Downloads View citations (238)

    See also Working Paper A Black Swan in the Money Market, NBER Working Papers (2008) Downloads View citations (109) (2008)
  2. Forecasting Recessions: The Puzzle of the Enduring Power of the Yield Curve
    Journal of Business & Economic Statistics, 2009, 27, (4), 492-503 Downloads View citations (192)
    See also Working Paper Forecasting recessions: the puzzle of the enduring power of the yield curve, Working Paper Series (2007) Downloads View citations (14) (2007)
  3. Heeding Daedalus: Optimal Inflation and the Zero Lower Bound
    Brookings Papers on Economic Activity, 2009, 40, (2 (Fall)), 1-49 Downloads View citations (112)
    See also Working Paper Heeding Daedalus: Optimal inflation and the zero lower bound, Working Paper Series (2009) Downloads View citations (76) (2009)
  4. How big is the output gap?
    FRBSF Economic Letter, 2009, (jun12) Downloads View citations (15)
  5. The risk of deflation
    FRBSF Economic Letter, 2009, (mar27) Downloads View citations (8)

2008

  1. Learning, expectations formation, and the pitfalls of optimal control monetary policy
    Journal of Monetary Economics, 2008, 55, (Supplement 1), S80-S96 Downloads View citations (59)
    See also Working Paper LEARNING, EXPECTATIONS FORMATION, AND THE PITFALLS OF OPTIMAL CONTROL MONETARY POLICY, CAMA Working Papers (2008) Downloads View citations (61) (2008)

2007

  1. Inflation targeting under imperfect knowledge
    Economic Review, 2007, 1-23 Downloads View citations (25)
    See also Chapter Inflation Targeting under Imperfect Knowledge, Central Banking, Analysis, and Economic Policies Book Series, 2007, 11, 077-123 (2007) Downloads View citations (42) (2007)
    Working Paper Inflation Targeting Under Imperfect Knowledge, Working Papers Central Bank of Chile (2006) Downloads View citations (21) (2006)
  2. Learning and shifts in long-run productivity growth
    Journal of Monetary Economics, 2007, 54, (8), 2421-2438 Downloads View citations (87)
    See also Working Paper Learning and shifts in long-run productivity growth, Working Paper Series (2004) Downloads View citations (8) (2004)
  3. Monetary policy, transparency, and credibility: conference summary
    FRBSF Economic Letter, 2007, (may25) Downloads View citations (3)
  4. Robust monetary policy with imperfect knowledge
    Journal of Monetary Economics, 2007, 54, (5), 1406-1435 Downloads View citations (172)
    See also Working Paper Robust monetary policy with imperfect knowledge, Working Paper Series (2007) Downloads View citations (167) (2007)

2006

  1. Inflation persistence in an era of well-anchored inflation expectations
    FRBSF Economic Letter, 2006, (oct13) Downloads View citations (34)
  2. Labor markets and the macroeconomy: conference summary
    FRBSF Economic Letter, 2006, (jul21) Downloads
  3. Monetary Policy with Imperfect Knowledge
    Journal of the European Economic Association, 2006, 4, (2-3), 366-375 Downloads View citations (76)
    See also Working Paper Monetary policy with imperfect knowledge, Finance and Economics Discussion Series (2005) Downloads View citations (16) (2005)
  4. Robust estimation and monetary policy with unobserved structural change
    Economic Review, 2006, 1-16 Downloads View citations (4)
    Also in Proceedings, 2005, 53-81 (2005) Downloads View citations (13)

    See also Working Paper Robust estimation and monetary policy with unobserved structural change, Working Paper Series (2004) Downloads View citations (6) (2004)

2005

  1. Expectations, learning and monetary policy
    Journal of Economic Dynamics and Control, 2005, 29, (11), 1807-1808 Downloads View citations (21)
  2. Fiscal and monetary policy: conference summary
    FRBSF Economic Letter, 2005, (jun10) Downloads
  3. Inflation scares and forecast-based monetary policy
    Review of Economic Dynamics, 2005, 8, (2), 498-527 Downloads View citations (108)
    See also Working Paper Inflation Scares and Forecast-Based Monetary Policy, CEPR Discussion Papers (2005) Downloads View citations (105) (2005)
  4. Investment, Capacity, and Uncertainty: A Putty-Clay Approach
    Review of Economic Dynamics, 2005, 8, (1), 1-27 Downloads View citations (42)
    See also Working Paper Investment, Capacity, and Uncertainty: A Putty-Clay Approach, NBER Working Papers (2004) Downloads (2004)
  5. The decline of activist stabilization policy: Natural rate misperceptions, learning, and expectations
    Journal of Economic Dynamics and Control, 2005, 29, (11), 1927-1950 Downloads View citations (144)
    Also in Proceedings, 2003 (2003) Downloads View citations (1)

    See also Working Paper The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations, CEPR Discussion Papers (2005) Downloads View citations (184) (2005)
  6. Using a long-term interest rate as the monetary policy instrument
    Journal of Monetary Economics, 2005, 52, (5), 855-879 Downloads View citations (32)
    See also Working Paper Using a long-term interest rate as the monetary policy instrument, Working Paper Series (2004) Downloads View citations (4) (2004)

2004

  1. Technology, productivity, and public policy
    FRBSF Economic Letter, 2004, (mar12) Downloads

2003

  1. Measuring the Natural Rate of Interest
    The Review of Economics and Statistics, 2003, 85, (4), 1063-1070 Downloads View citations (770)
    See also Working Paper Measuring the Natural Rate of Interest, Computing in Economics and Finance 2001 (2001) View citations (55) (2001)
  2. Robust monetary policy with competing reference models
    Journal of Monetary Economics, 2003, 50, (5), 945-975 Downloads View citations (239)
    See also Working Paper Robust Monetary Policy with Competing Reference Models, Computing in Economics and Finance 2003 (2003) View citations (224) (2003)
  3. Simple rules for monetary policy
    Economic Review, 2003, 1-12 Downloads View citations (38)
    See also Working Paper Simple rules for monetary policy, Finance and Economics Discussion Series (1999) Downloads View citations (103) (1999)
  4. The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty
    American Economic Review, 2003, 93, (3), 622-645 Downloads View citations (305)
    See also Working Paper The performance of forecast-based monetary policy rules under model uncertainty, CFS Working Paper Series (2003) Downloads View citations (266) (2003)
  5. The natural rate of interest
    FRBSF Economic Letter, 2003, (oct31) Downloads View citations (27)

2002

  1. Robust Monetary Policy Rules with Unknown Natural Rates
    Brookings Papers on Economic Activity, 2002, 33, (2), 63-146 Downloads View citations (290)
    See also Working Paper Robust monetary policy rules with unknown natural rates, Finance and Economics Discussion Series (2003) Downloads View citations (122) (2003)

2000

  1. Putty-Clay and Investment: A Business Cycle Analysis
    Journal of Political Economy, 2000, 108, (5), 928-960 Downloads View citations (128)
    See also Working Paper Putty-Clay and Investment: A Business Cycle Analysis, NBER Working Papers (1998) Downloads View citations (8) (1998)
  2. Three lessons for monetary policy in a low-inflation era
    Conference Series ; [Proceedings], 2000, 936-978 View citations (436)
    See also Working Paper Three lessons for monetary policy in a low inflation era, Finance and Economics Discussion Series (1999) Downloads View citations (69) (1999)
  3. Too Much of a Good Thing? The Economics of Investment in R&D
    Journal of Economic Growth, 2000, 5, (1), 65-85 Downloads View citations (427)
    See also Working Paper Too Much of a Good Thing? The Economics of Investment in R&D, NBER Working Papers (1999) Downloads View citations (18) (1999)

1999

  1. Aggregate disturbances, monetary policy, and the macroeconomy: the FRB/US perspective
    Federal Reserve Bulletin, 1999, 85, (Jan), 1-19 Downloads View citations (81)

1998

  1. Implementing price stability bands, boundaries and inflation targeting
    Proceedings, 1998, (Mar) View citations (6)
  2. Measuring the Social Return to R&D
    The Quarterly Journal of Economics, 1998, 113, (4), 1119-1135 Downloads View citations (480)
    See also Working Paper Measuring the social return to R&D, Finance and Economics Discussion Series (1997) Downloads View citations (15) (1997)

1997

  1. The evolution of macro models at the Federal Reserve Board
    Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), 43-81 Downloads View citations (169)
    See also Working Paper The Evolution of Macro Models at the Federal Reserve Board, Finance and Economics Discussion Series (2019) Downloads View citations (42) (2019)
  2. The role of expectations in the FRB/US macroeconomic model
    Federal Reserve Bulletin, 1997, 83, (Apr), 227-245 Downloads View citations (94)

Chapters

2023

  1. Effective dialogue and well anchored inflation expectations: essential tools for navigating challenging times
    A chapter in Central banking in the Americas: Lessons from two decades, 2023, vol. 143, pp 149-162 Downloads

2016

  1. Measuring the Natural Rate of Interest: International Trends and Determinants
    A chapter in NBER International Seminar on Macroeconomics 2016, 2016 View citations (184)
    See also Working Paper Measuring the Natural Rate of Interest: International Trends and Determinants, Federal Reserve Bank of San Francisco (2016) Downloads View citations (123) (2016)
    Journal Article Measuring the natural rate of interest: International trends and determinants, Elsevier (2017) Downloads View citations (556) (2017)
  2. Measuring the effects of monetary policy on house prices and the economy
    A chapter in Expanding the boundaries of monetary policy in Asia and the Pacific, 2016, vol. 88, pp 7-16 Downloads View citations (15)
    See also Working Paper Measuring the effects of monetary policy on house prices and the economy, Federal Reserve Bank of San Francisco (2015) Downloads View citations (2) (2015)
  3. Panel on Independence, Accountability, and Transparency in Central Bank Governance
    Chapter 6 in Central bank Governance & Oversight Reform, 2016 Downloads

2013

  1. Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany
    A chapter in NBER International Seminar on Macroeconomics 2013, 2013, pp 2-21 View citations (13)
    See also Working Paper Measuring the Effect of the Zero Lower Bound on Yields and Exchange Rates in the U.K. and Germany, Federal Reserve Bank of San Francisco (2013) Downloads View citations (8) (2013)
  2. Monetary Policy Mistakes and the Evolution of Inflation Expectations
    A chapter in The Great Inflation: The Rebirth of Modern Central Banking, 2013, pp 255-288 Downloads View citations (11)
    See also Working Paper Monetary Policy Mistakes and the Evolution of Inflation Expectations, National Bureau of Economic Research, Inc (2011) Downloads View citations (11) (2011)

2010

  1. Comment on "Free Flows, Limited Diversification: Openness and the Fall and Rise of Stock Market Correlations, 1890-2001"
    A chapter in NBER International Seminar on Macroeconomics 2009, 2010, pp 48-51 Downloads
  2. Simple and Robust Rules for Monetary Policy
    Chapter 15 in Handbook of Monetary Economics, 2010, vol. 3, pp 829-859 Downloads View citations (154)
    See also Working Paper Simple and Robust Rules for Monetary Policy, National Bureau of Economic Research, Inc (2010) Downloads View citations (154) (2010)
  3. The Zero Lower Bound: Lessons from the Past Decade
    A chapter in NBER International Seminar on Macroeconomics 2009, 2010, pp 367-375 Downloads
    See also Journal Article The Zero Lower Bound: Lessons from the Past Decade, University of Chicago Press (2010) Downloads View citations (5) (2010)
  4. Wrap-up Discussion
    A chapter in Inflation in an Era of Relative Price Shocks, 2010 Downloads

2009

  1. Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy
    Chapter 4 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 115-144 Downloads View citations (12)
    See also Working Paper Imperfect Knowledge And The Pitfalls Of Optimal Control Monetary Policy, Central Bank of Chile (2008) Downloads View citations (6) (2008)

2008

  1. Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections
    A chapter in Asset Prices and Monetary Policy, 2008, pp 247-289 Downloads View citations (101)
    See also Working Paper Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections, National Bureau of Economic Research, Inc (2006) Downloads View citations (47) (2006)

2007

  1. Inflation Targeting under Imperfect Knowledge
    Chapter 4 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 077-123 Downloads View citations (42)
    See also Journal Article Inflation targeting under imperfect knowledge, Federal Reserve Bank of San Francisco (2007) Downloads View citations (25) (2007)
    Working Paper Inflation Targeting Under Imperfect Knowledge, Central Bank of Chile (2006) Downloads View citations (21) (2006)

2006

  1. Monetary Policy under Uncertainty in Micro-Founded Macroeconometric Models
    A chapter in NBER Macroeconomics Annual 2005, Volume 20, 2006, pp 229-312 Downloads View citations (179)
    See also Working Paper Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models, National Bureau of Economic Research, Inc (2005) Downloads View citations (340) (2005)

2004

  1. Discussion of 'A Snapshot of Inflation Targeting in its Adolescence'
    A chapter in The Future of Inflation Targeting, 2004 Downloads
  2. Imperfect Knowledge, Inflation Expectations, and Monetary Policy
    A chapter in The Inflation-Targeting Debate, 2004 Downloads View citations (87)
    See also Working Paper Imperfect Knowledge, Inflation Expectations, and Monetary Policy, National Bureau of Economic Research, Inc (2003) Downloads View citations (130) (2003)

1999

  1. Robustness of Simple Monetary Policy Rules under Model Uncertainty
    A chapter in Monetary Policy Rules, 1999, pp 263-318 Downloads View citations (379)
    See also Working Paper Robustness of Simple Monetary Policy Rules under Model Uncertainty, National Bureau of Economic Research, Inc (1998) Downloads View citations (123) (1998)
 
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