NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Bennett T. McCallum

Contact and additional information for this authorAll publicationsWorking Papers only

Working Papers

August 2012Refining Linear Rational Expectations Models and Equilibria
with Seonghoon Cho: w18348
A Continuity Refinement for Rational Expectations Solutions
w18323
July 2012Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models
w18215
May 2011Should Central Banks Raise their Inflation Targets? Some Relevant Issues
w17005
January 2010Is the Spurious Regression Problem Spurious?
w15690
August 2009Causality, Structure, and the Uniqueness of Rational Expectations Equilibria
w15234
December 2008Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?
w14534
July 2008Reconsideration of the P-Bar Model of Gradual Price Adjustment
w14163
Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results
w14164
June 2007Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
with Marvin Goodfriend: w13207
August 2006E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
w12441
March 2006Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences
with Edward Nelson: w12089
January 2005A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
w11056
July 2004Targeting vs. Instrument Rules for Monetary Policy
with Edward Nelson: w10612
On the Relationship Between Determinate and MSV Solutions in Linear RE Models
t0297
September 2003Is the Fiscal Theory of the Price Level Learnable?
w9961
The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models
w9960
July 2003Multiple-Solution Indeterminacies in Monetary Policy Analysis
w9837
Monetary Policy in Economies with Little or No Money
w9838
September 2002Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
w9218
April 2002The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
with Christian Jensen: w8882
April 2001Inflation Targeting and the Liquidity Trap
w8225
Should Monetary Policy Respond Strongly to Output Gaps?
w8226
March 2001Monetary Policy Analysis in Models Without Money
w8174
Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices
with Edward Nelson: w8175
September 2000An Optimizing IS-LM Framework with Endogenous Investment
with Miguel Casares: w7908
Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models
with Edward Nelson: w7915
The Present and Future of Monetary Policy Rules
w7916
June 2000Nominal Income Targeting in an Open-Economy Optimizing Model
with Edward Nelson: w6675
Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan
w7725
April 2000Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
w7677
March 2000An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
with Edward Nelson: w5875
Role of the Minimal State Variable Criterion
w7087
October 1999Theoretical Issues Pertaining to Monetary Unions
w7393
Analysis of the Monetary Transmission Mechanism: Methodological Issues
w7395
April 1999Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence
w7088
June 1998Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model
with Edward Nelson: w6599
April 1998Solutions to Linear Rational Expectations Models: A Compact Exposition
t0232
March 1998Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
w6456
February 1998Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General
w5579
November 1997The Alleged Instability of Nominal Income Targeting
w6291
May 1997Neoclassical vs. Endogenous Growth Analysis: An Overview
w5844
April 1997Issues in the Design of Monetary Policy Rules
w6016
May 1996Crucial Issues Concerning Central Bank Independence
w5597
April 1996Monetary Policy Rules and Financial Stability
w4692
August 1995A Semi-Classical Model of Price Level Adjustment
w4706
July 1995Two Fallacies Concerning Central Bank Independence
w5075
November 1994Monetary Policy and the Term Structure of Interest Rates
w4938
September 1994Macroeconomics After Two Decades of Rational Expectations
w4367
August 1994Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
w4233
July 1994A Reconsideration of the Uncovered Interest Parity Relationship
w4113
March 1994Specification and Analysis of a Monetary Policy Rule for Japan
w4449
September 1993Unit Roots in Macroeconomic Time Series: Some Critical Issues
w4368
May 1992Money and Prices in Colonial America: A New Test of Competing Theories
w3383
September 1991Could A Monetary Base Rule Have Prevented the Great Depression?
w3162
August 1991Inflation: Theory and Evidence
w2312
March 1991Targets, Indicators, and Instruments of Monetary Policy
w3047
May 1990Real Business Cycle Models
w2480
June 1988The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
w1892
February 1988The Role of Demand Management in the Maintenance of Full Employment
w2520
December 1987The Development of Keynesian Macroeconomics
w2156
February 1987On "Real" and "Sticky-Price" Theories of the Business Cycle
w1933
1987Money: Theoretical Analysis of the Demand for Money
with Marvin S. Goodfriend: w2157
October 1986Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine
w1294
August 1986Monetary vs. Fiscal Policy Effects: A Review of the Debate
w1556
April 1986Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: A Critical Review
w1572
February 1986On Consequences and Criticisms of Monetary Targeting
w1596
June 1985Credibility and Monetary Policy
w1490
December 1984On Low-Frequency Estimates of "Long-Run" Relationships in Macro- economics
w1162
April 1984The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations
w0894
Are Bond-Financed Deficits Inflationary? A Ricardian Analysis
w0905
Macroeconomics After a Decade of Rational Expectations: Some Critical Issues
w1050
A Linearized Version of Lucas's Neutrality Model
w1160
March 1984The Role of Overlapping-Generations Models in Monetary Economics
w0989
February 1984Monetarist Rules in the Light of Recent Experience
w1277
September 1983On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
w0684
May 1982Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations
with James G. Hoehn: w0893
February 1982Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations
w0559
February 1981Monetarist Principles and the Money Stock Growth Rule
w0630

Contact and additional information for this authorAll publicationsWorking Papers only

 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us