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Details about Michael Woodford

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Workplace:Department of Economics, School of Arts and Sciences, Columbia University, (more information at EDIRC)

Access statistics for papers by Michael Woodford.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pwo3


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Working Papers

2024

  1. Information-Constrained Coordination of Economic Behavior
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2022

  1. Cognitive Imprecision and Stake-Dependent Risk Attitudes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2021

  1. Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight
    Staff Working Papers, Bank of Canada Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (14)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (14)

    See also Journal Article Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight, Journal of Monetary Economics, Elsevier (2022) Downloads View citations (13) (2022)

2020

  1. Effective Demand Failures and the Limits of Monetary Stabilization Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (30)

    See also Journal Article Effective Demand Failures and the Limits of Monetary Stabilization Policy, American Economic Review, American Economic Association (2022) Downloads View citations (9) (2022)
  2. Neighborhood-Based Information Costs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article Neighborhood-Based Information Costs, American Economic Review, American Economic Association (2021) Downloads View citations (8) (2021)
  3. Optimally Imprecise Memory and Biased Forecasts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in CESifo Working Paper Series, CESifo (2020) Downloads View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (8)
    Working Papers, HAL (2020) Downloads View citations (5)
  4. Robustly Optimal Monetary Policy in a New Keynesian Model With Housing
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (1)
    CESifo Working Paper Series, CESifo (2020) Downloads View citations (1)

    See also Journal Article Robustly optimal monetary policy in a new Keynesian model with housing, Journal of Economic Theory, Elsevier (2021) Downloads View citations (9) (2021)

2019

  1. Modeling Imprecision in Perception, Valuation and Choice
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article Modeling Imprecision in Perception, Valuation, and Choice, Annual Review of Economics, Annual Reviews (2020) Downloads View citations (22) (2020)
  2. Noisy Memory and Over-Reaction to News
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    Also in Post-Print, HAL (2019) View citations (14)

    See also Journal Article Noisy Memory and Over-Reaction to News, AEA Papers and Proceedings, American Economic Association (2019) Downloads View citations (16) (2019)
  3. Rational Inattention when Decisions Take Time
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)

2018

  1. Adjustment Dynamics During a Strategic Estimation Task
    2018 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
  2. Cognitive Imprecision and Small-Stakes Risk Aversion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  3. Information Costs and Sequential Information Sampling
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (2)
  4. Leaning Against Housing Prices as Robustly Optimal Monetary Policy
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany Downloads View citations (9)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2018) Downloads View citations (10)
    CESifo Working Paper Series, CESifo (2018) Downloads View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (10)
  5. Monetary Policy Analysis when Planning Horizons are Finite
    CESifo Working Paper Series, CESifo Downloads View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (49)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) Downloads View citations (49)

    See also Journal Article Monetary Policy Analysis When Planning Horizons Are Finite, NBER Macroeconomics Annual, University of Chicago Press (2019) Downloads View citations (29) (2019)
    Chapter Monetary Policy Analysis When Planning Horizons Are Finite, NBER Chapters, National Bureau of Economic Research, Inc (2018) Downloads View citations (46) (2018)

2017

  1. Empirical Models of Inattentive Adjustment
    2017 Meeting Papers, Society for Economic Dynamics Downloads View citations (3)
  2. Rational Inattention and Sequential Information Sampling
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  3. Rational Inattention with Sequential Information Sampling
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (16)
  4. Risk Aversion as a Perceptual Bias
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    Also in CESifo Working Paper Series, CESifo (2017) Downloads View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (24)

2016

  1. Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (81)
    Working Papers Series, Institute for New Economic Thinking (2015) Downloads View citations (65)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (80)

    See also Journal Article Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis, American Economic Review, American Economic Association (2019) Downloads View citations (117) (2019)
  2. Discrete Adjustment to a Changing Environment: Experimental Evidence
    CESifo Working Paper Series, CESifo Downloads View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (5)

    See also Journal Article Discrete adjustment to a changing environment: Experimental evidence, Journal of Monetary Economics, Elsevier (2017) Downloads View citations (30) (2017)
  3. Quantitative Easing and Financial Stability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (41)

    See also Journal Article Quantitative easing and financial stability, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2016) Downloads View citations (41) (2016)
    Chapter Quantitative Easing and Financial Stability, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2016) Downloads View citations (40) (2016)

2015

  1. Credit Frictions and Optimal Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (9)
    Also in BIS Working Papers, Bank for International Settlements (2009) Downloads View citations (191)
    Working Paper Series, Federal Reserve Bank of San Francisco (2015) Downloads View citations (7)
    Working Paper Research, National Bank of Belgium (2008) Downloads View citations (55)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (19)

    See also Journal Article Credit Frictions and Optimal Monetary Policy, Journal of Monetary Economics, Elsevier (2016) Downloads View citations (110) (2016)

2014

  1. An Optimizing Neuroeconomic Model of Discrete Choice
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  2. Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (6)

    See also Chapter Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (6) (2013)
    Journal Article Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, American Economic Journal: Macroeconomics, American Economic Association (2015) Downloads View citations (19) (2015)

2013

  1. Forward Guidance by Inflation-Targeting Central Banks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (47)
  2. Macroeconomic Analysis without the Rational Expectations Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (152)
    See also Journal Article Macroeconomic Analysis Without the Rational Expectations Hypothesis, Annual Review of Economics, Annual Reviews (2013) Downloads View citations (152) (2013)

2012

  1. Inflation Targeting and Financial Stability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (258)
  2. Optimal target criteria for stabilization policy
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (1)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) Downloads View citations (28)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (25)

    See also Journal Article Optimal target criteria for stabilization policy, Journal of Economic Theory, Elsevier (2017) Downloads View citations (24) (2017)
  3. Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (47)
    Also in Working Papers, University of Mannheim, Department of Economics (2012) Downloads View citations (47)

    See also Journal Article Robustly optimal monetary policy in a microfounded New Keynesian model, Journal of Monetary Economics, Elsevier (2012) Downloads View citations (47) (2012)

2010

  1. Optimal Monetary Stabilization Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (87)
    See also Chapter Optimal Monetary Stabilization Policy, Handbook of Monetary Economics, Elsevier (2010) Downloads View citations (79) (2010)
  2. Simple Analytics of the Government Expenditure Multiplier
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (74)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (78)

    See also Journal Article Simple Analytics of the Government Expenditure Multiplier, American Economic Journal: Macroeconomics, American Economic Association (2011) Downloads View citations (568) (2011)
  3. The Central Bank's Balance Sheet as an Instrument of Monetary Policy
    2010 Meeting Papers, Society for Economic Dynamics Downloads View citations (74)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (85)
    Staff Reports, Federal Reserve Bank of New York (2010) Downloads View citations (75)

    See also Journal Article The central-bank balance sheet as an instrument of monetarypolicy, Journal of Monetary Economics, Elsevier (2011) Downloads View citations (414) (2011)

2009

  1. Conventional and Unconventional Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (80)
    Also in Staff Reports, Federal Reserve Bank of New York (2009) Downloads View citations (26)

    See also Journal Article Conventional and unconventional monetary policy, Review, Federal Reserve Bank of St. Louis (2010) Downloads View citations (29) (2010)
  2. Credit Spreads and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (48)
    Also in Staff Reports, Federal Reserve Bank of New York (2009) Downloads View citations (127)

    See also Journal Article Credit Spreads and Monetary Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2010) Downloads View citations (98) (2010)

2008

  1. Information-Constrained State-Dependent Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    See also Journal Article Information-constrained state-dependent pricing, Journal of Monetary Economics, Elsevier (2009) Downloads View citations (201) (2009)

2007

  1. Does a 'Two-Pillar Phillips Curve' Justify a Two-Pillar Monetary Policy Strategy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
  2. Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Chapter Forecast Targeting as a Monetary Policy Strategy - Policy Rules in Practice, Book Chapters, Hoover Institution, Stanford University (2012) Downloads View citations (13) (2012)
  3. Globalization and Monetary Control
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (68)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (75)

    See also Chapter Globalization and Monetary Control, NBER Chapters, National Bureau of Economic Research, Inc (2007) Downloads View citations (72) (2007)
  4. How Important is Money in the Conduct of Monetary Policy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (44)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (47)
    Levine's Working Paper Archive, David K. Levine (2007) Downloads View citations (44)
    Working Paper, Economics Department, Queen's University (2006) Downloads View citations (43)

    See also Journal Article How Important Is Money in the Conduct of Monetary Policy?, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (171) (2008)

2006

  1. Linear-Quadratic Approximation of Optimal Policy Problems
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (85)

    See also Journal Article Linear-quadratic approximation of optimal policy problems, Journal of Economic Theory, Elsevier (2012) Downloads View citations (126) (2012)
  2. Optimal Inflation Targeting Under Alternative Fiscal Regimes
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (25)

    See also Chapter Optimal Inflation Targeting under Alternative Fiscal Regimes, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2007) Downloads View citations (11) (2007)

2005

  1. Central Bank Communication and Policy Effectiveness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (376)
    See also Journal Article Central bank communication and policy effectiveness, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2005) Downloads View citations (225) (2005)
  2. Firm-Specific Capital and the New Keynesian Phillips Curve
    MPRA Paper, University Library of Munich, Germany Downloads View citations (113)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (120)

    See also Journal Article Firm-Specific Capital and the New Keynesian Phillips Curve, International Journal of Central Banking, International Journal of Central Banking (2005) Downloads View citations (113) (2005)
  3. Optimal Taxation in an RBC Model: A Linear-Quadratic Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) Downloads View citations (6)

    See also Journal Article Optimal taxation in an RBC model: A linear-quadratic approach, Journal of Economic Dynamics and Control, Elsevier (2006) Downloads View citations (58) (2006)
  4. Robustly Optimal Monetary Policy with Near Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2005) Downloads View citations (16)

    See also Journal Article Robustly Optimal Monetary Policy with Near-Rational Expectations, American Economic Review, American Economic Association (2010) Downloads View citations (86) (2010)

2004

  1. Implementing Optimal Policy Through Inflation-Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (105)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (84)

    See also Chapter Implementing Optimal Policy through Inflation-Forecast Targeting, NBER Chapters, National Bureau of Economic Research, Inc (2004) Downloads View citations (41) (2004)
  2. Inflation Stabilization and Welfare: The Case of a Distorted Steady State
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (50)

    See also Journal Article Inflation Stabilization And Welfare: The Case Of A Distorted Steady State, Journal of the European Economic Association, MIT Press (2005) Downloads View citations (327) (2005)
  3. Optimal Monetary and Fiscal Policy in a Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (118)
    See also Chapter Optimal Monetary and Fiscal Policy in a Liquidity Trap, NBER Chapters, National Bureau of Economic Research, Inc (2006) Downloads View citations (34) (2006)
  4. Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) Downloads View citations (21)

    See also Journal Article Optimal stabilization policy when wages and prices are sticky: the case of a distorted steady state, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (2005) Downloads View citations (13) (2005)
  5. Optimal monetary and fiscal policy: a linear-quadratic approach
    Working Paper Series, European Central Bank Downloads View citations (121)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (66)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (241)

    See also Chapter Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach, NBER Chapters, National Bureau of Economic Research, Inc (2004) Downloads View citations (77) (2004)
    Journal Article Optimal monetary and fiscal policy: a linear-quadratic approach, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (2003) Downloads View citations (81) (2003)

2003

  1. Optimal Inflation Targeting Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (134)
    See also Chapter Optimal Inflation-Targeting Rules, NBER Chapters, National Bureau of Economic Research, Inc (2004) Downloads View citations (98) (2004)
  2. Optimal Interest-Rate Rules: A General Approach
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (30)
  3. Optimal Interest-Rate Rules: I. General Theory
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (88)
    Also in Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (151)
  4. Optimal Interest-Rate Rules: II. Applications
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (88)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (97)
  5. Optimal Monetary Policy in a Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (127)
  6. Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)

2001

  1. Fiscal Requirements for Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (576)
    See also Journal Article Fiscal Requirements for Price Stability, Journal of Money, Credit and Banking, Blackwell Publishing (2001) View citations (586) (2001)
  2. Imperfect Common Knowledge and the Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (152)
  3. Indicator Variables for Optimal Policy under Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2001) Downloads View citations (12)

    See also Journal Article Indicator variables for optimal policy under asymmetric information, Journal of Economic Dynamics and Control, Elsevier (2004) Downloads View citations (116) (2004)
  4. Inflation Stabilization and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (129)
    See also Journal Article Inflation Stabilization and Welfare, The B.E. Journal of Macroeconomics, De Gruyter (2002) Downloads View citations (107) (2002)
  5. Monetary Policy in the Information Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (142)
    See also Journal Article Monetary policy in the information economy, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2001) Downloads View citations (72) (2001)

2000

  1. Indicator Variables for Optimal Policy
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (54)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (68)
    Working Paper Series, European Central Bank (2000) Downloads View citations (54)

    See also Journal Article Indicator variables for optimal policy, Journal of Monetary Economics, Elsevier (2003) Downloads View citations (213) (2003)
  2. Monetary Policy in a World Without Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (142)
    See also Journal Article Monetary Policy in a World Without Money, International Finance, Wiley Blackwell (2000) Downloads View citations (130) (2000)
  3. Optimal Monetary Policy Inertia
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (751)
    CFS Working Paper Series, Center for Financial Studies (CFS) (1999) Downloads View citations (734)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (719)

    See also Journal Article Optimal Monetary Policy Inertia, Manchester School, University of Manchester (1999) Downloads View citations (658) (1999)

1999

  1. The Cyclical Behavior of Prices and Costs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (458)
    See also Chapter The cyclical behavior of prices and costs, Handbook of Macroeconomics, Elsevier (1999) Downloads View citations (455) (1999)

1998

  1. An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version
    NBER Technical Working Papers, National Bureau of Economic Research, Inc Downloads View citations (315)
  2. Interest-Rate Rules in an Estimated Sticky Price Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (158)
    See also Chapter Interest Rate Rules in an Estimated Sticky Price Model, NBER Chapters, National Bureau of Economic Research, Inc (1999) Downloads View citations (635) (1999)

1997

  1. Doing Without Money: Controlling Inflation in a Post-Monetary World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (1997) Downloads View citations (22)
    Working Papers, Stockholm - International Economic Studies (1997) View citations (16)

    See also Journal Article Doing Without Money: Controlling Inflation in a Post-Monetary World, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1998) Downloads View citations (170) (1998)
  2. Inflation Forecasts and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (417)
    See also Journal Article Inflation Forecasts and Monetary Policy, Journal of Money, Credit and Banking, Blackwell Publishing (1997) View citations (434) (1997)

1996

  1. Control of the Public Debt: A Requirement for Price Stability?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (414)
    See also Chapter Control of the Public Debt: A Requirement for Price Stability?, International Economic Association Series, Palgrave Macmillan (1998) View citations (49) (1998)
  2. Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (415)
    See also Journal Article Imperfect Competition and the Effects of Energy Price Increases on Economic Activity, Journal of Money, Credit and Banking, Blackwell Publishing (1996) View citations (446) (1996)
  3. Loan Commitments and Optimal Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    See also Journal Article Loan commitments and optimal monetary policy, Journal of Monetary Economics, Elsevier (1996) Downloads View citations (17) (1996)

1995

  1. Price Level Determinacy Without Control of a Monetary Aggregate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (501)
    See also Journal Article Price-level determinacy without control of a monetary aggregate, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1995) Downloads View citations (521) (1995)
  2. Rational asset pricing bubbles
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía Downloads
    Also in Working Papers, Centro de Investigacion Economica, ITAM (1993) View citations (6)

    See also Journal Article Rational Asset Pricing Bubbles, Econometrica, Econometric Society (1997) View citations (362) (1997)

1994

  1. Is the Business Cycles a Necessary Consequence of Stochastic Growth?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

1993

  1. Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (125)
  2. Energy Taxes and Aggregate Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Chapter Energy Taxes and Aggregate Economic Activity, NBER Chapters, National Bureau of Economic Research, Inc (1994) Downloads View citations (5) (1994)
  3. Real Effects of Monetary Shocks in an Economy with Sequential Purchases
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (37)

1992

  1. Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article Aggregate fluctuations from independent sectoral shocks: self-organized criticality in a model of production and inventory dynamics, Ricerche Economiche, Elsevier (1993) Downloads View citations (165) (1993)
  2. The Optimum Quantity of Money Revisited
    Levine's Working Paper Archive, David K. Levine Downloads View citations (91)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1990) Downloads View citations (61)

1991

  1. Endogenous Fluctuations
    DELTA Working Papers, DELTA (Ecole normale supérieure)
  2. Gross Substitutes in Large Square Economics
    Levine's Working Paper Archive, David K. Levine Downloads View citations (3)

1990

  1. Cyclical Markups: Theories and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
  2. Does Competition Between Currencies Lead to Price Level and Exchange Rate Stability?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  3. Equilibrium Models of Endogenous Fluctuations: an Introduction
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  4. Self-Fulfilling Expectations and Fluctuations in Aggregate Demand
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
  5. Stability of Cycles with Adaptive Learning Rules
    DELTA Working Papers, DELTA (Ecole normale supérieure)

1989

  1. Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    See also Journal Article Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity, Journal of Political Economy, University of Chicago Press (1992) Downloads View citations (508) (1992)

1988

  1. Equilibruim Models Displaying Endogenous Fluctuations and Chaos: A Survey
    UCLA Economics Working Papers, UCLA Department of Economics Downloads
    See also Journal Article Equilibrium models displaying endogenous fluctuations and chaos: A survey, Journal of Monetary Economics, Elsevier (1990) Downloads View citations (162) (1990)

1986

  1. Expectations, Finance and Aggregate Instability
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (9)
  2. Learning to Believe in Sunspots
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
    See also Journal Article Learning to Believe in Sunspots, Econometrica, Econometric Society (1990) Downloads View citations (198) (1990)

Journal Articles

2022

  1. Effective Demand Failures and the Limits of Monetary Stabilization Policy
    American Economic Review, 2022, 112, (5), 1475-1521 Downloads View citations (9)
    See also Working Paper Effective Demand Failures and the Limits of Monetary Stabilization Policy, NBER Working Papers (2020) Downloads View citations (32) (2020)
  2. Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight
    Journal of Monetary Economics, 2022, 125, (C), 18-35 Downloads View citations (13)
    See also Working Paper Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight, Staff Working Papers (2021) Downloads (2021)
  3. Outlier blindness: A neurobiological foundation for neglect of financial risk
    Journal of Financial Economics, 2022, 143, (3), 1316-1343 Downloads View citations (5)

2021

  1. Individual differences in the perception of probability
    PLOS Computational Biology, 2021, 17, (4), 1-25 Downloads
  2. Neighborhood-Based Information Costs
    American Economic Review, 2021, 111, (10), 3225-55 Downloads View citations (8)
    See also Working Paper Neighborhood-Based Information Costs, NBER Working Papers (2020) Downloads View citations (5) (2020)
  3. Robustly optimal monetary policy in a new Keynesian model with housing
    Journal of Economic Theory, 2021, 198, (C) Downloads View citations (9)
    See also Working Paper Robustly Optimal Monetary Policy in a New Keynesian Model With Housing, CRC TR 224 Discussion Paper Series (2020) Downloads View citations (1) (2020)

2020

  1. Emi Nakamura: 2019 John Bates Clark Medalist
    Journal of Economic Perspectives, 2020, 34, (1), 222-39 Downloads
  2. Modeling Imprecision in Perception, Valuation, and Choice
    Annual Review of Economics, 2020, 12, (1), 579-601 Downloads View citations (22)
    See also Working Paper Modeling Imprecision in Perception, Valuation and Choice, NBER Working Papers (2019) Downloads View citations (5) (2019)

2019

  1. Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
    American Economic Review, 2019, 109, (1), 86-120 Downloads View citations (117)
    See also Working Paper Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis, Working Papers Central Bank of Chile (2016) Downloads View citations (3) (2016)
  2. Diverse motives for human curiosity
    Nature Human Behaviour, 2019, 3, (6), 587-595 Downloads View citations (5)
  3. Monetary Policy Analysis When Planning Horizons Are Finite
    NBER Macroeconomics Annual, 2019, 33, (1), 1 - 50 Downloads View citations (29)
    See also Chapter Monetary Policy Analysis When Planning Horizons Are Finite, NBER Chapters, 2018, 1-50 (2018) Downloads View citations (46) (2018)
    Working Paper Monetary Policy Analysis when Planning Horizons are Finite, CESifo Working Paper Series (2018) Downloads View citations (49) (2018)
  4. Noisy Memory and Over-Reaction to News
    AEA Papers and Proceedings, 2019, 109, 557-61 Downloads View citations (16)
    See also Working Paper Noisy Memory and Over-Reaction to News, NBER Working Papers (2019) Downloads View citations (16) (2019)
  5. Policy Options at the Zero Lower Bound When Foresight is Limited
    AEA Papers and Proceedings, 2019, 109, 433-37 Downloads View citations (19)

2017

  1. Discrete adjustment to a changing environment: Experimental evidence
    Journal of Monetary Economics, 2017, 91, (C), 88-103 Downloads View citations (30)
    See also Working Paper Discrete Adjustment to a Changing Environment: Experimental Evidence, CESifo Working Paper Series (2016) Downloads View citations (16) (2016)
  2. Optimal target criteria for stabilization policy
    Journal of Economic Theory, 2017, 168, (C), 55-106 Downloads View citations (24)
    See also Working Paper Optimal target criteria for stabilization policy, Staff Reports (2012) Downloads View citations (1) (2012)

2016

  1. Credit Frictions and Optimal Monetary Policy
    Journal of Monetary Economics, 2016, 84, (C), 30-65 Downloads View citations (110)
    See also Working Paper Credit Frictions and Optimal Monetary Policy, CEPR Discussion Papers (2015) Downloads View citations (9) (2015)
  2. Quantitative easing and financial stability
    Journal Economía Chilena (The Chilean Economy), 2016, 19, (2), 04-77 Downloads View citations (41)
    See also Chapter Quantitative Easing and Financial Stability, Central Banking, Analysis, and Economic Policies Book Series, 2016, 24, 151-233 (2016) Downloads View citations (40) (2016)
    Working Paper Quantitative Easing and Financial Stability, NBER Working Papers (2016) Downloads View citations (41) (2016)

2015

  1. Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints
    American Economic Journal: Macroeconomics, 2015, 7, (1), 1-43 Downloads View citations (19)
    See also Chapter Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, NBER Chapters, 2013 (2013) View citations (6) (2013)
    Working Paper Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, CEPR Discussion Papers (2014) Downloads View citations (2) (2014)
  2. Editors' Introduction
    NBER Macroeconomics Annual, 2015, 29, (1), xiii - xx Downloads

2014

  1. Editors' Introduction
    NBER Macroeconomics Annual, 2014, 28, (1), xi - xvii Downloads
  2. Stochastic Choice: An Optimizing Neuroeconomic Model
    American Economic Review, 2014, 104, (5), 495-500 Downloads View citations (59)

2013

  1. Editorial
    NBER Macroeconomics Annual, 2013, 27, (1), xiii - xx Downloads
  2. Macroeconomic Analysis Without the Rational Expectations Hypothesis
    Annual Review of Economics, 2013, 5, (1), 303-346 Downloads View citations (152)
    See also Working Paper Macroeconomic Analysis without the Rational Expectations Hypothesis, NBER Working Papers (2013) Downloads View citations (152) (2013)
  3. Report: Ad Hoc Committee on Criterion for the John Bates Clark Medal
    American Economic Review, 2013, 103, (3), 772-73 Downloads

2012

  1. Editorial
    NBER Macroeconomics Annual, 2012, 26, (1), Xi - XVii Downloads
  2. Linear-quadratic approximation of optimal policy problems
    Journal of Economic Theory, 2012, 147, (1), 1-42 Downloads View citations (126)
    See also Working Paper Linear-Quadratic Approximation of Optimal Policy Problems, NBER Working Papers (2006) Downloads View citations (57) (2006)
  3. Methods of policy accommodation at the interest-rate lower bound
    Proceedings - Economic Policy Symposium - Jackson Hole, 2012, 185-288 Downloads View citations (168)
  4. Prospect Theory as Efficient Perceptual Distortion
    American Economic Review, 2012, 102, (3), 41-46 Downloads View citations (42)
  5. Report of the Selection Committee for the American Economic Journal: Macroeconomics Editor
    American Economic Review, 2012, 102, (3), 716-716 Downloads
  6. Robustly optimal monetary policy in a microfounded New Keynesian model
    Journal of Monetary Economics, 2012, 59, (5), 468-487 Downloads View citations (47)
    See also Working Paper Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model, CEPR Discussion Papers (2012) Downloads View citations (47) (2012)
  7. ¿Qué pasa con los modelos económicos?
    Boletín, 2012, LVIII, (4), 267-273 Downloads

2011

  1. Pośrednictwo finansowe i analiza makroekonomiczna
    Gospodarka Narodowa. The Polish Journal of Economics, 2011, (11-12), 109-139 Downloads
  2. Simple Analytics of the Government Expenditure Multiplier
    American Economic Journal: Macroeconomics, 2011, 3, (1), 1-35 Downloads View citations (568)
    See also Working Paper Simple Analytics of the Government Expenditure Multiplier, CEPR Discussion Papers (2010) Downloads View citations (74) (2010)
  3. The central-bank balance sheet as an instrument of monetarypolicy
    Journal of Monetary Economics, 2011, 58, (1), 54-79 Downloads View citations (414)
    See also Working Paper The Central Bank's Balance Sheet as an Instrument of Monetary Policy, 2010 Meeting Papers (2010) Downloads View citations (74) (2010)

2010

  1. Conventional and unconventional monetary policy
    Review, 2010, 92, (May), 229-264 Downloads View citations (29)
    See also Working Paper Conventional and Unconventional Monetary Policy, CEPR Discussion Papers (2009) Downloads View citations (80) (2009)
  2. Credit Spreads and Monetary Policy
    Journal of Money, Credit and Banking, 2010, 42, (s1), 3-35 Downloads View citations (98)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 3-35 (2010) View citations (443)

    See also Working Paper Credit Spreads and Monetary Policy, NBER Working Papers (2009) Downloads View citations (48) (2009)
  3. Financial Intermediation and Macroeconomic Analysis
    Journal of Economic Perspectives, 2010, 24, (4), 21-44 Downloads View citations (137)
  4. Robustly Optimal Monetary Policy with Near-Rational Expectations
    American Economic Review, 2010, 100, (1), 274-303 Downloads View citations (86)
    See also Working Paper Robustly Optimal Monetary Policy with Near Rational Expectations, NBER Working Papers (2005) Downloads View citations (15) (2005)

2009

  1. Convergence in Macroeconomics: Elements of the New Synthesis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 267-79 Downloads View citations (161)
  2. Information-constrained state-dependent pricing
    Journal of Monetary Economics, 2009, 56, (S), S100-S124 Downloads View citations (201)
    See also Working Paper Information-Constrained State-Dependent Pricing, NBER Working Papers (2008) Downloads View citations (28) (2008)

2008

  1. How Important Is Money in the Conduct of Monetary Policy?
    Journal of Money, Credit and Banking, 2008, 40, (8), 1561-1598 View citations (171)
    Also in Journal of Money, Credit and Banking, 2008, 40, (8), 1561-1598 (2008) Downloads View citations (28)

    See also Working Paper How Important is Money in the Conduct of Monetary Policy?, CEPR Discussion Papers (2007) Downloads View citations (44) (2007)
  2. The Fed's New Communication Strategy: Is It Stealth Inflation Targeting&quest
    Business Economics, 2008, 43, (3), 7-13 Downloads

2007

  1. Interest Rate Signals and Central Bank Transparency [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 9 - 62 Downloads View citations (2)
  2. Interpreting Inflation Persistence: Comments on the Conference on "Quantitative Evidence on Price Determination"
    Journal of Money, Credit and Banking, 2007, 39, (s1), 203-210 View citations (39)
    Also in Journal of Money, Credit and Banking, 2007, 39, (s1), 203-210 (2007) Downloads View citations (3)
  3. The Case for Forecast Targeting as a Monetary Policy Strategy
    Journal of Economic Perspectives, 2007, 21, (4), 3-24 Downloads View citations (75)
  4. Transparency, Communication and Commitment
    International Journal of Central Banking, 2007, 3, (1) Downloads

2006

  1. An Example of Robustly Optimal Monetary Policy with Near-Rational Expectations
    Journal of the European Economic Association, 2006, 4, (2-3), 386-395 Downloads View citations (6)
  2. Comments on the Symposium on Interest and Prices
    Journal of the History of Economic Thought, 2006, 28, (2), 187-198 Downloads View citations (6)
  3. Optimal taxation in an RBC model: A linear-quadratic approach
    Journal of Economic Dynamics and Control, 2006, 30, (9-10), 1445-1489 Downloads View citations (58)
    See also Working Paper Optimal Taxation in an RBC Model: A Linear-Quadratic Approach, NBER Working Papers (2005) Downloads View citations (8) (2005)
  4. Staggered Pricing Models Face the Facts
    International Journal of Central Banking, 2006, 2, (3) Downloads

2005

  1. Central bank communication and policy effectiveness
    Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 399-474 Downloads View citations (225)
    See also Working Paper Central Bank Communication and Policy Effectiveness, NBER Working Papers (2005) Downloads View citations (376) (2005)
  2. Comment on: "Using a long-term interest rate as the monetary policy instrument"
    Journal of Monetary Economics, 2005, 52, (5), 881-887 Downloads View citations (14)
  3. Firm-Specific Capital and the New Keynesian Phillips Curve
    International Journal of Central Banking, 2005, 1, (2) Downloads View citations (113)
    See also Working Paper Firm-Specific Capital and the New Keynesian Phillips Curve, MPRA Paper (2005) Downloads View citations (113) (2005)
  4. Inflation Stabilization And Welfare: The Case Of A Distorted Steady State
    Journal of the European Economic Association, 2005, 3, (6), 1185-1236 Downloads View citations (327)
    See also Working Paper Inflation Stabilization and Welfare: The Case of a Distorted Steady State, NBER Working Papers (2004) Downloads View citations (44) (2004)
  5. Long-run risks and equity Returns
    Proceedings, 2005 Downloads View citations (1)
  6. Optimal stabilization policy when wages and prices are sticky: the case of a distorted steady state
    Proceedings, 2005, 127-180 Downloads View citations (13)
    See also Working Paper Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State, NBER Working Papers (2004) Downloads View citations (25) (2004)
  7. Panel discussion: understanding price determination: where are we now? where should we be going?
    Proceedings, 2005 Downloads View citations (23)

2004

  1. Indicator variables for optimal policy under asymmetric information
    Journal of Economic Dynamics and Control, 2004, 28, (4), 661-690 Downloads View citations (116)
    See also Working Paper Indicator Variables for Optimal Policy under Asymmetric Information, NBER Working Papers (2001) Downloads View citations (17) (2001)
  2. Inflation targeting and optimal monetary policy
    Review, 2004, 86, (Jul), 15-42 Downloads View citations (47)
  3. Optimal Monetary and Fiscal Policy in a Liquidity Trap [with Comments]
    NBER International Seminar on Macroeconomics, 2004, 2004, (1), 75 - 144 Downloads View citations (6)
  4. Policy Options in a Liquidity Trap
    American Economic Review, 2004, 94, (2), 76-79 Downloads View citations (79)

2003

  1. Comment on: Multiple-solution indeterminacies in monetary policy analysis
    Journal of Monetary Economics, 2003, 50, (5), 1177-1188 Downloads View citations (21)
  2. Editorial Announcement
    The Review of Economic Studies, 2003, 70, (4), 697-697 Downloads
  3. How forward-looking is optimal monetary policy?
    Proceedings, 2003, 1425-1483 View citations (83)
  4. Indicator variables for optimal policy
    Journal of Monetary Economics, 2003, 50, (3), 691-720 Downloads View citations (213)
    Also in Proceedings, 2000 (2000) Downloads View citations (50)

    See also Working Paper Indicator Variables for Optimal Policy, Seminar Papers (2000) Downloads View citations (54) (2000)
  5. Optimal Interest-Rate Smoothing
    The Review of Economic Studies, 2003, 70, (4), 861-886 Downloads View citations (288)
  6. Optimal monetary and fiscal policy: a linear-quadratic approach
    Proceedings, 2003 Downloads View citations (81)
    See also Working Paper Optimal monetary and fiscal policy: a linear-quadratic approach, Working Paper Series (2004) Downloads View citations (121) (2004)
    Chapter Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach, NBER Chapters, 2004, 271-364 (2004) Downloads View citations (77) (2004)
  7. The Zero Bound on Interest Rates and Optimal Monetary Policy
    Brookings Papers on Economic Activity, 2003, 34, (1), 139-235 Downloads View citations (2033)

2002

  1. Financial market efficiency and the effectiveness of monetary policy
    Economic Policy Review, 2002, 8, (May), 85-94 Downloads View citations (23)
  2. Inflation Stabilization and Welfare
    The B.E. Journal of Macroeconomics, 2002, 2, (1), 1-53 Downloads View citations (107)
    See also Working Paper Inflation Stabilization and Welfare, NBER Working Papers (2001) Downloads View citations (129) (2001)

2001

  1. Fiscal Requirements for Price Stability
    Journal of Money, Credit and Banking, 2001, 33, (3), 669-728 View citations (586)
    See also Working Paper Fiscal Requirements for Price Stability, NBER Working Papers (2001) Downloads View citations (576) (2001)
  2. Monetary policy in the information economy
    Proceedings - Economic Policy Symposium - Jackson Hole, 2001, 297-370 Downloads View citations (72)
    See also Working Paper Monetary Policy in the Information Economy, NBER Working Papers (2001) Downloads View citations (142) (2001)
  3. The Taylor Rule and Optimal Monetary Policy
    American Economic Review, 2001, 91, (2), 232-237 Downloads View citations (528)

2000

  1. AN INTERVIEW WITH WILLIAM A. BROCK
    Macroeconomic Dynamics, 2000, 4, (1), 108-138 Downloads View citations (5)
  2. Monetary Policy in a World Without Money
    International Finance, 2000, 3, (2), 229-260 Downloads View citations (130)
    See also Working Paper Monetary Policy in a World Without Money, NBER Working Papers (2000) Downloads View citations (142) (2000)
  3. Pitfalls of Forward-Looking Monetary Policy
    American Economic Review, 2000, 90, (2), 100-104 Downloads View citations (97)
  4. Symposium on Optimal Monetary Policy
    The Review of Economic Studies, 2000, 67, (3), 581 Downloads

1999

  1. Commentary: how should monetary policy be conducted in an era of price stability?
    Proceedings - Economic Policy Symposium - Jackson Hole, 1999, 277-316 Downloads View citations (134)
  2. Optimal Monetary Policy Inertia
    Manchester School, 1999, 67, (s1), 1-35 Downloads View citations (658)
    Also in Proceedings, 1999 (1999) View citations (690)

    See also Working Paper Optimal Monetary Policy Inertia, Seminar Papers (2000) Downloads View citations (8) (2000)

1998

  1. Doing Without Money: Controlling Inflation in a Post-Monetary World
    Review of Economic Dynamics, 1998, 1, (1), 173-219 Downloads View citations (170)
    See also Working Paper Doing Without Money: Controlling Inflation in a Post-Monetary World, NBER Working Papers (1997) Downloads View citations (19) (1997)

1997

  1. Inflation Forecasts and Monetary Policy
    Journal of Money, Credit and Banking, 1997, 29, (4), 653-84 View citations (434)
    Also in Proceedings, 1997, 653-686 (1997) View citations (407)

    See also Working Paper Inflation Forecasts and Monetary Policy, NBER Working Papers (1997) Downloads View citations (417) (1997)
  2. Rational Asset Pricing Bubbles
    Econometrica, 1997, 65, (1), 19-58 View citations (362)
    See also Working Paper Rational asset pricing bubbles, UC3M Working papers. Economics (1995) Downloads (1995)
  3. SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE
    Macroeconomic Dynamics, 1997, 1, (4), 740-769 Downloads View citations (65)

1996

  1. Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
    Journal of Money, Credit and Banking, 1996, 28, (4), 550-77 View citations (446)
    See also Working Paper Imperfect Competition and the Effects of Energy Price Increases on Economic Activity, NBER Working Papers (1996) Downloads View citations (415) (1996)
  2. Loan commitments and optimal monetary policy
    Journal of Monetary Economics, 1996, 37, (3), 573-605 Downloads View citations (17)
    See also Working Paper Loan Commitments and Optimal Monetary Policy, NBER Working Papers (1996) Downloads View citations (17) (1996)
  3. Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption
    American Economic Review, 1996, 86, (1), 71-89 View citations (203)

1995

  1. Modèles d'équilibre général dynamiques en concurrence imparfaite
    Annals of Economics and Statistics, 1995, (37-38), 357-410 Downloads View citations (1)
  2. Price-level determinacy without control of a monetary aggregate
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 1-46 Downloads View citations (521)
    See also Working Paper Price Level Determinacy Without Control of a Monetary Aggregate, NBER Working Papers (1995) Downloads View citations (501) (1995)
  3. The Quantitative Analytics of the Basic Neomonetarist Model: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1278-89 Downloads View citations (15)

1994

  1. Monetary Policy and Price Level Determinacy in a Cash-in-Advance Economy
    Economic Theory, 1994, 4, (3), 345-80 View citations (507)
  2. Self-Organized Criticality and Economic Fluctuations
    American Economic Review, 1994, 84, (2), 417-21 Downloads View citations (87)
  3. Structural Slumps
    Journal of Economic Literature, 1994, 32, (4), 1784-1815 Downloads View citations (21)
  4. Symposium: Bounded Rationality and Learning: Introduction
    Economic Theory, 1994, 4, (6), 811-20
  5. The quantitative analysis of the basic neomonetarist model
    Proceedings, 1994, 1241-1289 View citations (17)

1993

  1. Aggregate fluctuations from independent sectoral shocks: self-organized criticality in a model of production and inventory dynamics
    Ricerche Economiche, 1993, 47, (1), 3-30 Downloads View citations (165)
    See also Working Paper Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics, NBER Working Papers (1992) Downloads View citations (9) (1992)

1992

  1. Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
    Journal of Political Economy, 1992, 100, (6), 1153-1207 Downloads View citations (508)
    See also Working Paper Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity, NBER Working Papers (1989) Downloads View citations (19) (1989)
  2. Seven schools of macroeconomic thought by E.S. Phelps: A book review
    Journal of Economic Dynamics and Control, 1992, 16, (2), 391-398 Downloads View citations (2)

1991

  1. Gross substitutability in large-square economies
    Journal of Economic Theory, 1991, 54, (1), 1-25 Downloads View citations (45)

1990

  1. Equilibrium models displaying endogenous fluctuations and chaos: A survey
    Journal of Monetary Economics, 1990, 25, (2), 189-222 Downloads View citations (162)
    See also Working Paper Equilibruim Models Displaying Endogenous Fluctuations and Chaos: A Survey, UCLA Economics Working Papers (1988) Downloads (1988)
  2. Indeterminacy of stationary equilibrium in stochastic overlapping generations models
    Journal of Economic Theory, 1990, 50, (2), 265-284 Downloads View citations (35)
  3. Learning to Believe in Sunspots
    Econometrica, 1990, 58, (2), 277-307 Downloads View citations (198)
    See also Working Paper Learning to Believe in Sunspots, Working Papers (1986) View citations (2) (1986)
  4. Public Debt as Private Liquidity
    American Economic Review, 1990, 80, (2), 382-88 Downloads View citations (357)

1988

  1. Determinacy of equilibrium in stationary economies with both finite and infinite lived consumers
    Journal of Economic Theory, 1988, 46, (2), 255-290 Downloads View citations (28)

1987

  1. Three Questions about Sunspot Equilibria as an Explanation of Economic Fluctuations
    American Economic Review, 1987, 77, (2), 93-98 View citations (21)

1986

  1. Stationary sunspot equilibria in a finance constrained economy
    Journal of Economic Theory, 1986, 40, (1), 128-137 Downloads View citations (197)

Books

2015

  1. NBER Macroeconomics Annual 2014, Volume 29
    NBER Books, National Bureau of Economic Research, Inc View citations (8)

2014

  1. NBER Macroeconomics Annual 2013, Volume 28
    NBER Books, National Bureau of Economic Research, Inc View citations (3)

2013

  1. NBER Macroeconomics Annual 2012, Volume 27
    NBER Books, National Bureau of Economic Research, Inc View citations (3)

2012

  1. NBER Macroeconomics Annual 2011, Volume 26
    NBER Books, National Bureau of Economic Research, Inc View citations (4)

2011

  1. NBER Macroeconomics Annual 2010, volume 25
    NBER Books, National Bureau of Economic Research, Inc View citations (4)

2010

  1. NBER Macroeconomics Annual 2009, Volume 24
    NBER Books, National Bureau of Economic Research, Inc View citations (15)

2009

  1. NBER Macroeconomics Annual 2008, Volume 23
    NBER Books, National Bureau of Economic Research, Inc View citations (28)

2008

  1. NBER Macroeconomics Annual 2007, Volume 22
    NBER Books, National Bureau of Economic Research, Inc View citations (14)

2007

  1. NBER Macroeconomics Annual 2006, Volume 21
    NBER Books, National Bureau of Economic Research, Inc View citations (19)

2004

  1. The Inflation-Targeting Debate
    NBER Books, National Bureau of Economic Research, Inc View citations (212)

Edited books

2010

  1. Handbook of Monetary Economics, vol 3
    Handbook of Monetary Economics, Elsevier Downloads View citations (271)

2007

  1. NBER Macroeconomics Annual 2006, vol 1
    MIT Press Books, The MIT Press View citations (14)

2006

  1. The Inflation-Targeting Debate
    National Bureau of Economic Research Books, University of Chicago Press View citations (15)

1999

  1. Handbook of Macroeconomics, vol 1
    Handbook of Macroeconomics, Elsevier Downloads View citations (1130)

Chapters

2018

  1. Monetary Policy Analysis When Planning Horizons Are Finite
    A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 1-50 Downloads View citations (46)
    See also Working Paper Monetary Policy Analysis when Planning Horizons are Finite, CESifo (2018) Downloads View citations (49) (2018)
    Journal Article Monetary Policy Analysis When Planning Horizons Are Finite, University of Chicago Press (2019) Downloads View citations (29) (2019)

2016

  1. Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World: An Overview
    Chapter 01 in Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 2016, vol. 24, pp 001-010 Downloads
  2. Quantitative Easing and Financial Stability
    Chapter 06 in Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 2016, vol. 24, pp 151-233 Downloads View citations (40)
    See also Working Paper Quantitative Easing and Financial Stability, National Bureau of Economic Research, Inc (2016) Downloads View citations (41) (2016)
    Journal Article Quantitative easing and financial stability, Central Bank of Chile (2016) Downloads View citations (41) (2016)

2014

  1. Editorial in "NBER Macroeconomics Annual 2014, Volume 29"
    A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014 Downloads View citations (3)
  2. Front matter to "NBER Macroeconomics Annual 2014, Volume 29"
    A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014 Downloads
  3. Monetary Policy Targets after the Crisis
    Chapter 4 in What Have We Learned? Macroeconomic Policy After the Crisis, 2014, vol. 1, pp 55-62 View citations (6)

2013

  1. Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints
    A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (6)
    See also Working Paper Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, C.E.P.R. Discussion Papers (2014) Downloads View citations (2) (2014)
    Journal Article Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints, American Economic Association (2015) Downloads View citations (19) (2015)
  2. Introduction to "NBER Macroeconomics Annual 2013, Volume 28"
    A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp -8--3 Downloads

2012

  1. Editorial and Abstracts for "NBER Macroeconomics Annual 2012, Volume 27"
    A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012 Downloads
  2. Forecast Targeting as a Monetary Policy Strategy - Policy Rules in Practice
    Chapter 9 in The Taylor Rule and the Transformation of Monetary Policy, 2012 Downloads View citations (13)
    See also Working Paper Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice, National Bureau of Economic Research, Inc (2007) Downloads View citations (22) (2007)
  3. Front matter to "NBER Macroeconomics Annual 2012, Volume 27"
    A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012 Downloads View citations (4)

2011

  1. Comment on "Two Monetary Tools: Interest Rates and Haircuts"
    A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 193-204 Downloads
  2. Editorial in "NBER Macroconomics Annual 2010, Volume 25"
    A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011 Downloads
  3. Editorial in "NBER Macroeconomics Annual 2011, Volume 26"
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011 Downloads View citations (1)

2010

  1. Editorial in "NBER Macroeconomics Annual 2009, Volume 24"
    A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010 Downloads View citations (2)
  2. Front matter, NBER Macroeconomics Annual 2009, Volume 24
    A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010 Downloads
  3. Optimal Monetary Stabilization Policy
    Chapter 14 in Handbook of Monetary Economics, 2010, vol. 3, pp 723-828 Downloads View citations (79)
    See also Working Paper Optimal Monetary Stabilization Policy, National Bureau of Economic Research, Inc (2010) Downloads View citations (87) (2010)
  4. Preface
    Chapter Preface in Handbook of Monetary Economics, 2010, vol. 3, pp xvii-xxii Downloads

2009

  1. Comment on "Interest Rate Signals and Central Bank Transparency"
    A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 55-62 Downloads
  2. Discussion of "Carry Trades and Currency Crashes"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 385-387 Downloads
  3. Discussion of "How Has the Euro Changed the Monetary Transmission Mechanism?"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 153-155 Downloads View citations (1)
  4. Discussion of "Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 311-312 Downloads View citations (2)
  5. Discussion of "On the Need for a New Approach to Analyzing Monetary Policy"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 459-462 Downloads
  6. Discussion of "The Timing of Labor Market Expansions: New Facts and a New Hypothesis"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 73-75 Downloads
  7. Discussion of "When Does Improving Health Raise GDP?"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 227-229 Downloads

2008

  1. Discussion of chapter 1
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 79-81 Downloads View citations (1)
  2. Discussion of chapter 2
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 165-167 Downloads View citations (1)
  3. Discussion of chapter 3
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 247-249 Downloads View citations (2)
  4. Discussion of chapter 4
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 295-297 Downloads View citations (1)
  5. Discussion of chapter 5
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 377-379 Downloads View citations (1)
  6. Discussion of chapter 6
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 471-473 Downloads View citations (1)

2007

  1. Globalization and Monetary Control
    A chapter in International Dimensions of Monetary Policy, 2007, pp 13-77 Downloads View citations (72)
    See also Working Paper Globalization and Monetary Control, C.E.P.R. Discussion Papers (2007) Downloads View citations (68) (2007)
  2. Optimal Inflation Targeting under Alternative Fiscal Regimes
    Chapter 3 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 037-075 Downloads View citations (11)
    See also Working Paper Optimal Inflation Targeting Under Alternative Fiscal Regimes, Central Bank of Chile (2006) Downloads View citations (18) (2006)

2006

  1. Optimal Monetary and Fiscal Policy in a Liquidity Trap
    A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 75-144 Downloads View citations (34)
    See also Working Paper Optimal Monetary and Fiscal Policy in a Liquidity Trap, National Bureau of Economic Research, Inc (2004) Downloads View citations (118) (2004)

2004

  1. Implementing Optimal Policy through Inflation-Forecast Targeting
    A chapter in The Inflation-Targeting Debate, 2004 Downloads View citations (41)
    See also Working Paper Implementing Optimal Policy Through Inflation-Forecast Targeting, C.E.P.R. Discussion Papers (2004) Downloads View citations (105) (2004)
  2. Introduction to "The Inflation-Targeting Debate"
    A chapter in The Inflation-Targeting Debate, 2004, pp 1-10 Downloads View citations (27)
  3. Optimal Inflation-Targeting Rules
    A chapter in The Inflation-Targeting Debate, 2004 Downloads View citations (98)
    See also Working Paper Optimal Inflation Targeting Rules, National Bureau of Economic Research, Inc (2003) Downloads View citations (134) (2003)
  4. Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach
    A chapter in NBER Macroeconomics Annual 2003, Volume 18, 2004, pp 271-364 Downloads View citations (77)
    See also Working Paper Optimal monetary and fiscal policy: a linear-quadratic approach, European Central Bank (2004) Downloads View citations (121) (2004)
    Journal Article Optimal monetary and fiscal policy: a linear-quadratic approach, Board of Governors of the Federal Reserve System (U.S.) (2003) Downloads View citations (81) (2003)

1999

  1. Interest Rate Rules in an Estimated Sticky Price Model
    A chapter in Monetary Policy Rules, 1999, pp 57-126 Downloads View citations (635)
    See also Working Paper Interest-Rate Rules in an Estimated Sticky Price Model, National Bureau of Economic Research, Inc (1998) Downloads View citations (158) (1998)
  2. The cyclical behavior of prices and costs
    Chapter 16 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 1051-1135 Downloads View citations (455)
    See also Working Paper The Cyclical Behavior of Prices and Costs, National Bureau of Economic Research, Inc (1999) Downloads View citations (458) (1999)

1998

  1. Control of the Public Debt: A Requirement for Price Stability?
    Palgrave Macmillan View citations (49)
    See also Working Paper Control of the Public Debt: A Requirement for Price Stability?, National Bureau of Economic Research, Inc (1996) Downloads View citations (414) (1996)

1997

  1. An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy
    A chapter in NBER Macroeconomics Annual 1997, Volume 12, 1997, pp 297-361 Downloads View citations (1497)

1994

  1. Energy Taxes and Aggregate Economic Activity
    A chapter in Tax Policy and the Economy, Volume 8, 1994, pp 159-195 Downloads View citations (5)
    See also Working Paper Energy Taxes and Aggregate Economic Activity, National Bureau of Economic Research, Inc (1993) Downloads View citations (4) (1993)
  2. Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?
    A chapter in Monetary Policy, 1994, pp 95-115 Downloads View citations (106)

1991

  1. Markups and the Business Cycle
    A chapter in NBER Macroeconomics Annual 1991, Volume 6, 1991, pp 63-140 Downloads View citations (311)

1990

  1. The optimum quantity of money
    Chapter 20 in Handbook of Monetary Economics, 1990, vol. 2, pp 1067-1152 Downloads View citations (114)

Editor

  1. Handbook of Macroeconomics
    Elsevier
  2. Handbook of Macroeconomics
    Elsevier
 
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