NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Frederic S. Mishkin

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers

August 2013Crunch Time: Fiscal Crises and the Role of Monetary Policy
with David Greenlaw, James D. Hamilton, Peter Hooper: w19297
January 2012Macroprudential Policies in Open Emerging Economies
with Joon-Ho Hahm, Hyun Song Shin, Kwanho Shin: w17780

Published: Hahm, Joon-Ho & Mishkin, Frederic S. & Shin, Hyun Song & Shin, Kwanho, 2011. "Macroprudential policies in open emerging economies," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 63-114. citation courtesy of

February 2011Monetary Policy Strategy: Lessons from the Crisis
w16755

European Central Bank: “Monetary Policy Strategy: Lessons From the Crisis” in Monetary Policy Revisited: Lessons from the Crisis (European Central Bank: Frankfurt, forthcoming.)

December 2010Over The Cliff: From the Subprime to the Global Financial Crisis
w16609

Published: Frederic S. Mishkin, 2011. "Over the Cliff: From the Subprime to the Global Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 49-70, Winter. citation courtesy of

July 2010Financial Conditions Indexes: A Fresh Look after the Financial Crisis
with Jan Hatzius, Peter Hooper, Kermit L. Schoenholtz, Mark W. Watson: w16150

Published: U.S. Monetary Policy Forum: “Financial Conditions Indexes: A Fresh Look After the Financial Crisis,” (with Jan Hatzius, Peter Hooper, Frederic Mishkin, Kermit L. Schoenholtz and Mark W. Watson) U.S. Monetary Policy Forum (Chicago: Chicago Booth Initiative on Global Markets, 2010) pp. 3-59.

April 2010How Has the Monetary Transmission Mechanism Evolved Over Time?
with Jean Boivin, Michael T. Kiley: w15879

Published: “How Has the Monetary Transmission Mechanism Evolved Over Time? (with Jean Boivin and Michael T. Kiley), Handbook of Monetary Economics (Elsevier: Amsterdam, 2011), pp. 369-422.

January 2009Is Monetary Policy Effective During Financial Crises?
w14678

Published: Frederic S. Mishkin, 2009. "Is Monetary Policy Effective during Financial Crises?," American Economic Review, American Economic Association, vol. 99(2), pages 573-77, May. citation courtesy of

May 2008Does Stabilizing Inflation Contribute To Stabilizing Economic Activity?
w13970
Exchange Rate Pass-Through And Monetary Policy
w13889

Published: Frederic S. Mishkin, 2008. "Exchange rate pass-through and monetary policy: a speech at the Norges Bank Conference on Monetary Policy, Oslo, Norway, March 7, 2008," Speech, Board of Governors of the Federal Reserve System (U.S.).

April 2008Globalization, Macroeconomic Performance, and Monetary Policy
w13948

Published:

October 2007Will Monetary Policy Become More of a Science?
w13566

Published: Find out how to access preview-only content The Science and Practice of Monetary Policy Today 2010, pp 81-103 Will Monetary Policy Become More of a Science? Frederic S. Mishkin

Housing and the Monetary Transmission Mechanism
w13518

Published: Frederic S. Mishkin, 2007. "Housing and the monetary transmission mechanism," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 359-413. citation courtesy of

June 2007Inflation Dynamics
w13147

Published: Frederic S. Mishkin, 2007. "Inflation Dynamics," International Finance, Blackwell Publishing, vol. 10(3), pages 317-334, December. citation courtesy of

January 2007Does Inflation Targeting Make a Difference?
with Klaus Schmidt-Hebbel: w12876

Published: Vittorio Corbo & Óscar Landerretche & Klaus Schmidt-Hebbel, 2002. "Does Inflation Targeting Make a Difference?," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.), Inflation Targeting: Desing, Performance, Challenges, edition 1, volume 5, chapter 5, pages 221-270 Central Bank of Chile.

September 2006Monetary Policy Strategy: How Did We Get Here?
w12515

Published: Frederic S. Mishkin, 2006. "Monetary Policy Strategy: How Did We Get Here?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 53(4), pages 359-388, December. citation courtesy of

July 2006Inflation Band Targeting and Optimal Inflation Contracts
with Niklas J. Westelius: w12384

Published: Frederic S. Mishkin & Niklas J. Westelius, 2008. "Inflation Band Targeting and Optimal Inflation Contracts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(4), pages 557-582, 06. citation courtesy of

December 2005Is Financial Globalization Beneficial?
w11891

Published: Frederic S. Mishkin, 2007. "Is Financial Globalization Beneficial?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2-3), pages 259-294, 03. citation courtesy of

How Big a Problem is Too Big to Fail?
w11814

Published: Mishkin, Frederic. “How Big a Problem is Too Big to Fail?” Journal of Economic Literature vol XLIV (December 2006): 988-1004.

November 2004Two Decades of Japanese Monetary Policy and the Deflation Problem
with Takatoshi Ito: w10878

Published: Two Decades of Japanese Monetary Policy and the Deflation Problem, Takatoshi Ito, Frederic S. Mishkin. in Monetary Policy with Very Low Inflation in the Pacific Rim, NBER-EASE, Volume 15, Ito and Rose. 2006

October 2004Can Central Bank Transparency Go Too Far?
w10829

Published: Frederic S Mishkin, 2004. "Can Central Bank Transparency Go Too Far?," RBA Annual Conference Volume, in: Christopher Kent & Simon Guttmann (ed.), The Future of Inflation Targeting Reserve Bank of Australia.

July 2004Can Inflation Targeting Work in Emerging Market Countries?
w10646

Published: Reinhart, Carmen, Carlos Vegh and Andres Velasco (eds.) A Festschrift for Guillermo Calvo. Cambridge, MA: MIT Press, 2008.

June 2003The Mirage of Exchange Rate Regimes for Emerging Market Countries
with Guillermo Calvo: w9808

Published: Calvo, Guillermo A. and Frederic S. Mishkin. "The Mirage Of Exchange Rate Regimes For Emerging Market Countries," Journal of Economic Perspectives, 2003, v17(4,Fall), 99-118. citation courtesy of

May 2003Inflation Targeting in Transition Countries: Experience and Prospects
with Jiri Jonas: w9667

Published: Woodford, Michael (ed.) Inflation Targeting. Chicago: University of Chicago Press, 2005.

October 2002The Role of Output Stabilization in the Conduct of Monetary Policy
w9291

Published: Mishkin, F. S. "The Role Of Output Stabilization In The Conduct Of Monetary Policy," International Finance, 2002, v5(2,Summer), 213-227. citation courtesy of

June 2002U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy
with Eugene N. White: w8992

Published: Hunter, William B., George G. Kaufman and Michael Pormerleano (eds.) Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies. Cambridge MA: MIT Press, 2003.

December 2001The Transmission Mechanism and the Role of Asset Prices in Monetary Policy
w8617

Published: Aspects of the Transmission Mechanism of Monetary Policy, Focus on Austria 3-4/2001. Osterreichische Nationalbank: Vienna 2001.

July 2001One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?
with Klaus Schmidt-Hebbel: w8397

Published: Loayza, Norman and Raimundo Soto (eds.) Inflation Targeting: Design, Performance, Challenges. Santiago: Central Bank of Chile, 2002.

January 2001Financial Policies and the Prevention of Financial Crises in Emerging Market Countries
w8087

Published:

  • Mishkin, Frederic S. and Miguel A. Savastano. "Monetary Policy Strategies For Emerging Market Countries: Lessons From Latin America," Chinese Economic Studies, 2002, v44(2/3,Summer), 45-82.
  • Frederic S. Mishkin & Andrew Crockett & Michael P. Dooley & Montek S. Ahluwalia, 2003. "Financial Policies," NBER Chapters, in: Economic and Financial Crises in Emerging Market Economies, pages 93-154 National Bureau of Economic Research, Inc.

September 2000Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
with Arturo Estrella: w6518

Published:

International Experiences with Different Monetary Policy Regimes
w7044

Published: Journal of Monetary Economics, Vol. 43, No. 3, 576-606, June 1999. Elsevier Science.

Prudential Supervision: Why Is It Important and What are the Issues?
w7926

Published: Prudential Supervision: Why Is It Important and What Are the Issues?, Frederic S. Mishkin. in Prudential Supervision: What Works and What Doesn't, Mishkin. 2001

August 2000Lessons from the Asian Crisis
w7102

Published: Journal of International Money and Finance, Vol. 18, no. 4 (August 1999): 709-723. Published as "Lessons from the Tequila Crisis", Journal of Banking and Finance, Vol. 23, no. 10 (October 1999): 1521-1533. citation courtesy of

Inflation Targeting in Emerging Market Countries
w7618

Published: American Economic Review, vol. 9, no. 2, pp. 105-109, May 2000. citation courtesy of

March 2000Monetary Policy Strategies for Latin America
with Miguel A. Savastano: w7617

Published:

  • Journal of Development Economics, Vol. 66, no. 2 (December 2001): 415-444 citation courtesy of
  • Mishkin, Frederic S. and Miguel A. Savastano. "Monetary Policy Strategies For Emerging Market Countries: Lessons From Latin America," Chinese Economic Studies, Vol. 44, no. 2/3 (Summer 2002): 45-82

January 2000Causes of the Korean Financial Crisis: Lessons for Policy
with Joon-Ho Hahm: w7483

Published: Shin, Inseok (ed.) The Korean Crisis, Before and After. Seoul: Korean Development Institute, 2000.

August 1999International Capital Movements, Financial Volatility and Financial Instability
w6390

Published: Schriften des Vereins fur Socialpolitik Gelleschaft fur Wirtscharges und Socialwissenschafter, pp. 11-40, 1998.

April 1999Financial Consolidation: Dangers and Opportunities
w6655

Published: Journal of Banking and Finance. 23 (1999) 675-691 citation courtesy of

February 1999International Experiences with Different Monetary Policy Regimes
w6965

Published: Journal of Monetary Economics, Vol. 43, no. 3 (June 1999): 579-605.

January 1999What Will Technology Do to Financial Structure?
with Philip E. Strahan: w6892

Published: Litan, Robert and Anthony Santomero (eds.) Brookings-Wharton Papers on Financial Services. Brookings Institution Press, 1999.

February 1998Strategies for Controlling Inflation
w6122

Published: Frederic S Mishkin, 1997. "Strategies for Controlling Inflation," RBA Annual Conference Volume, in: Philip Lowe (ed.), Monetary Policy and Inflation Targeting Reserve Bank of Australia.

Inflation Targeting: Lessons from Four Countries
with Adam S. Posen: w6126

Published: Economic Policy Review - Federal Reserve Bank of New York, Vol. 3, no. 3 (August 1997): 9-110 citation courtesy of

January 1997Inflation Targeting: A New Framework for Monetary Policy?
with Ben S. Bernanke: w5893

Published: Bernanke, Ben S. and Frederic S. Mishkin. "Inflation Targeting: A New Framework For Monetary Policy?," Journal of Economic Perspectives, 1997, v11(2,Spring), 97-116. citation courtesy of

December 1996Bank Consolidation: A Central Banker's Perspective
w5849

Published: Mergers of Finanial Institutions, Yakov Amihud and Geoffrey Miller, eds., pp. 31-25, (Boston: Irwin Professional Publishing, 1998)

November 1996Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?
with Arturo Estrella: w5845

Published: Journal of Monetary Economics, Vol. 40, no. 2 (1997): 279-304. citation courtesy of

May 1996Understanding Financial Crises: A Developing Country Perspective
w5600
February 1996The Channels of Monetary Transmission: Lessons for Monetary Policy
w5464

Published: Banque de France: Bulletin: Digest, no. 27, pp. 33-44, March 1996

December 1995Predicting U.S. Recessions: Financial Variables as Leading Indicators
with Arturo Estrella: w5379

Published: Review of Economics and Statistics, vol.80, no.1, pp. 45-61, February 1998. citation courtesy of

September 1995The Term Structure of Interest Rates and Its Role in Monetary Policy for The European Central Bank
with Arturo Estrella: w5279

Published: as "The predictive power of the term structure of interest rates in Europe and the United States: Implications for the European Central Bank", European Economic Review. Volume: 41 Issue: 7 (July 1997) Pages: 1375-1401

April 1995An Empirical Examination of the Fisher Effect in Australia
with John Simon: w5080

Published: Economic Record, 71, September1995, pp.227-239. citation courtesy of

February 1995The Rational Expectations Revolution: A Review Article of: Preston J. Miller, ed.:The Rational Expectations Revolution, Readings from the Front Line
w5043

Journal of International and Comparative Economics, 5, 1996. Forthcoming.

January 1995The Decline of Traditional Banking: Implications for Financial Stabilityand Regulatory Policy
with Franklin R. Edwards: w4993

Published: Economic Policy Review, vol. 1, no. 2, pp. 27-45 (July 1995). citation courtesy of

February 1994Preventing Financial Crises: An International Perspective
w4636

Published:

May 1992Central Bank Behavior and the Strategy of Monetary Policy: Observations From Six Industrialized Countries
with Ben Bernanke: w4082

Published:

December 1991Anatomy of a Financial Crisis
w3934

Published: Journal of Evolutionary Economics, 2, pp. 115-130 (1992). citation courtesy of

October 1991A Multi-Country Study of the Information in the Term Structure about Future Inflation
w3125

Published: "A Multi-Country Study of the Information in the Shorter Maturity Term Structure about Future Inflation." From Journal of International Money and Finance, Vol. 10, No. 1, pp. 2-22, (March 1991).

August 1991Does Correcting for Heteroskedasticity Help?
t0088

Published: Economics Letters, Vol. 34, pp. 351-356, (1990).

February 1991Is the Fisher Effect for Real? A Reexamination of the Relationship Between Inflation and Interest Rates
w3632

Published:

January 1991The Information in the Longer Maturity Term Structure about Future Inflation
w3126

Published: The Quarterly Journal of Economics, Vol. CV, No. 442, pp. 815-828, (August 1990). citation courtesy of

A Multi-Country Comparison of Term Structure Forecasts at Long Horizons
with Philippe Jorion: w3574

Published: "A Multicountry Comparison of Term-Structure Forecasts at Long Horizons." From Journal of Financial Economics, Vol. 29, pp. 59-80, (March 1991). citation courtesy of

December 1990Yield Curve
w3550

Published: Eatwell, John, Murray Milgate and Peter Newman (eds.) The New Palgrave Dictionary of Money and Finance. London: Macmillan Press, 1992.

July 1990Asymmetric Information and Financial Crises: A Historical Perspective
w3400

Published:

April 1990Financial Innovation and Current Trends in U.S. Financial Markets
w3323

Published: U.S.-Japan Economic Forum, Vol. 1, pp. 63-77, (1990).

August 1988Understanding Real Interest Rates
w2691

Published: American Journal of Agricultural Economics, Vol. 70, No. 5, pp. 1064-1075,(December 1988).

June 1988What Does the Term Structure Tell Us About Future Inflation?
w2626

Published: Journal of Monetary Economics, Vol. 25, pp. 77-95, (January 1990). citation courtesy of

May 1988The Information in the Term Structure: Some Further Results
w2575

Published: Journal of Applied Econometrics, Vol. 3, (1988). citation courtesy of

October 1987Can Futures Market Data Be Used to Understand the Behavior of Real Interest Rates?
w2400

Published: The Journal of Finance, Vol. 45, No. 1, pp. 245-257, (March 1990). citation courtesy of

1987The International Linkage of Real Interest Rates: The European - U.S. Connection
with Robert E. Cumby: w1423

Published: Cumby, Robert E. and Frederic S. Mishkin. "The International Linkage of Real Interest Rates: The European - U.S. Connection," Journal of International Money and Finance, Vol. 5, March 1986, pp. 5-23. citation courtesy of

May 1986U.S. Macroeconomic Policy and Performance in the 1980s: An Overview
w1929

Published: Patrick, H. and R. Tachi (eds.) Japan and the United States Today: Exchange Rates, Macroeconomic Policies, and Financial Market Innovations. New York: Columbia University Press, 1987.

August 1985Monetary Policy Regime Shifts and the Unusual Behavior of Real Interest Rates
with John Huizinga: w1678

Published:

  • Huizinga, John & Mishkin, Frederic S., 1986. "Monetary policy regime shifts and the unusual behavior of real interest rates," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 24(1), pages 231-274, January. citation courtesy of
  • Huizinga, John and Frederic S. Mishkin."Monetary Policy Regime Shifts and the Unusual Behavior of Real Interest Rates," Carnegie-Rochester Conference Series on Public Policy, Vol. 24, Spring 1986, pp. 231-274.

September 1984The Causes of Inflation
w1453

Published:

  • Mishkin, Frederic H. "The Causes of Inflation," Price Stability and Public Policy, Federal Reserve Bank of Kansa City, 1984, pp. 1-24, Kansas City.
  • Frederic S. Mishkin, 1984. "The causes of inflation," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-32. citation courtesy of

April 1984Inflation and Real Interest Rates on Assets with Different Risk Characteristics
with John Huizinga: w1333

Published: Huizinga, John and Frederic S. Mishkin. "Inflation and Real Interest Rateson Assets with Different Risk Characteristics." Journal of Finance, Vol. 39, No. 3, (July 1984), pp. 699-712. citation courtesy of

December 1982The Real Interest Rate: A Multi-Country Empirical Study
w1047

Published: Mishkin, Frederic S. "The Real Interest Rate: A Multi-Country Empirical Study." Canadian Journal of Economics, Vol. 17, No. 2, (May 1984), pp.283-3 11. citation courtesy of

Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions
w1048

Published: Mishkin, Frederic S. "Are Real Interest Rates Equal Across Countries? An Empirical Investigation of International Parity Conditions." Journal of Finance, Vol. 39, No. 5, (December 1984), pp. 1345- 1357. citation courtesy of

October 1981Does Anticipated Aggregate Demand Policy Matter? Further Econometric results.
w0789

Published: Mishkin, Frederic S. "Does Anticipated Aggregate Demand Policy Matter? Further Econometric Results." The American Economic Review, Vol. 72, No. 4 (September 1982), pp. 788-802. citation courtesy of

August 1981An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
with Andrew B. Abel: w0726

Published: Abel, Andrew B., Frederic S. Mishkin. "An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy."Journal of Monetary Economics, Vol. 11, No. 1, (January 1983), pp. 3-24. citation courtesy of

June 1981Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach
w0693

Published: Mishkin, Frederic S. "Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach." The Journal of Finance, Vol . 37, No. l (March 1982), pp. 63-72. citation courtesy of

1981The Real Interest Rate: An Empirical Investigation
w0622

Published: Mishkin, Frederic S. "The Real Interest Rate: An Empirical Investigation." The Costs and Consequences of Inflation, Carnegie-Rochester Conference Series on Public Policy, Vol. 15, (Autumn 1981), pp. 151-200 and 21 3-218. citation courtesy of

July 1980The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
with Robert E. Hall: w0505

Published: Hall, Robert E. and Mishkin, Frederic S. "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households." Econometrica, Vol. 50, No. 2, (March 1982), pp. 461-481. citation courtesy of

Does Anticipated Monetary Policy Matter? An Econometric Investigation
w0506

Published: Mishkin, Frederic S. "Does Anticipated Monetary Policy Matter? An Econometric Investigation." Journal of Political Economy, Vol. 90, No. 1, 1982), pp. 22-51. citation courtesy of

Are Market Forecasts Rational?
w0507

Published:

Monetary Policy and Long-Term Interest Rates: An Efficient Markets Approach
w0517

Published: Mishkin, Frederic S. "Monetary Policy and Long-Term Interest Rates: An Efficient Markets Approach." Journal of Monetary Economics, Vol. 7, No. 1, (January 1981), pp. 1-27. citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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