NBER Papers in Monetary Economics

NBER Papers in Monetary Economics

browse older papers in this program

2008
w14001 Emi Nakamura
Jon Steinsson

Monetary Non-Neutrality in a Multi-Sector Menu Cost Model

w13986 Pierpaolo Benigno
Luca Antonio Ricci

The Inflation-Unemployment Trade-Off at Low Inflation

w13985 Valerie A. Ramey
Time Spent in Home Production in the 20th Century: New Estimates from Old Data

w13979 John Geanakoplos
Stephen P. Zeldes

Reforming Social Security with Progressive Personal Accounts

w13970 Frederic S. Mishkin
Does Stabilizing Inflation Contribute To Stabilizing Economic Activity?

w13889 Frederic S. Mishkin
Exchange Rate Pass-Through And Monetary Policy

w13940 Robert J. Barro
José F. Ursúa

Macroeconomic Crises since 1870

w13965 Emi Nakamura
Pass-Through in Retail and Wholesale

w13948 Frederic S. Mishkin
Globalization, Macroeconomic Performance, and Monetary Policy

w13943 John B. Taylor
John C. Williams

A Black Swan in the Money Market

w13932 Alan S. Blinder
Michael Ehrmann
Marcel Fratzscher
Jakob De Haan
David-Jan Jansen

Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence

w13924 Aleksander Berentsen
Guido Menzio
Randall Wright

Inflation and Unemployment in the Long Run

w13918 Niall Ferguson
Moritz Schularick

The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries

w13910 Jón Steinsson
The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models

w13906 Andrea Ferrero
Mark Gertler
Lars E.O. Svensson

Current Account Dynamics and Monetary Policy

w13901 Yu-Chin Chen
Kenneth Rogoff
Barbara Rossi

Can Exchange Rates Forecast Commodity Prices?

w13896 Hanno Lustig
Stijn Van Nieuwerburgh
Adrien Verdelhan

The Wealth-Consumption Ratio

w13895 Edward J. Kane
Regulation and Supervision: An Ethical Perspective

w13892 Lars E.O. Svensson
Noah Williams

Optimal Monetary Policy under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach

w13876 Christopher D. Carroll
Jiri Slacalek
Martin Sommer

International Evidence on Sticky Consumption Growth

w13859 Orley Ashenfelter
Daniel Hosken

The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies

w13829 Martin Eichenbaum
Nir Jaimovich
Sergio Rebelo

Reference Prices and Nominal Rigidities

w13820 Linda S. Goldberg
Cédric Tille

Macroeconomic Interdependence and the International Role of the Dollar

w13815 Michael D. Bordo
Harold James

A Long Term Perspective on the Euro

w13777 Michael W. L. Elsby
Ryan Michaels

Marginal Jobs, Heterogeneous Firms, & Unemployment Flows

w13761 Carmen M. Reinhart
Kenneth S. Rogoff

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison

w13755 Julio J. Rotemberg
Minimally Altruistic Wages and Unemployment in a Matching Model

w13751 Christina D. Romer
David H. Romer

The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?

w13749 Timothy Cogley
Giorgio E. Primiceri
Thomas J. Sargent

Inflation-Gap Persistence in the U.S.

w13741 Marco Del Negro
Frank Schorfheide

Forming Priors for DSGE Models (and How it Affects the Assessment of Nominal Rigidities)

w13736 Jean Boivin
Marc Giannoni

Global Forces and Monetary Policy Effectiveness


2007
w13716 Michael Woodford
Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice

w13690 Robert J. Barro
Rare Disasters, Asset Prices, and Welfare Costs

w13689 Robert J. Barro
Jason Hwang

Religious Conversion in 40 Countries

w13685 John B. Taylor
The Explanatory Power of Monetary Policy Rules

w13682 John B. Taylor
Housing and Monetary Policy

w13677 Ramon Marimon
Javier Díaz-Giménez
Giorgia Giovannetti
Pedro Teles

Nominal Debt as a Burden on Monetary Policy

w13655 V. V. Chari
Patrick J. Kehoe

The Heterogeneous State of Modern Macroeconomics: A Reply to Solow

w13635 Josephine M. Smith
John B. Taylor

The Long and the Short End of the Term Structure of Policy Rules

w13622 Rafael Di Tella
Robert MacCulloch

Happiness, Contentment and Other Emotions for Central Banks

w13615 Ricardo Reis
Mark W. Watson

Relative Goods' Prices and Pure Inflation

w13613 Christopher J. Erceg
Christopher Gust
David López-Salido

The Transmission of Domestic Shocks in the Open Economy

w13607 Dale F. Gray
Robert C. Merton
Zvi Bodie

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability

w13605 Michael D. Bordo
Ali Dib
Lawrence Schembri

Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy

w13593 Edward J. Kane
Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries

w13590 George-Marios Angeletos
Alessandro Pavan

Policy with Dispersed Information

w13580 Marvin Goodfriend
How the World Achieved Consensus on Monetary Policy

w13569 James D. Hamilton
Assessing Monetary Policy Effects Using Daily Fed Funds Futures Contracts

w13566 Frederic S. Mishkin
Will Monetary Policy Become More of a Science?

w13556 Argia M. Sbordone
Globalization and Inflation Dynamics: the Impact of Increased Competition

w13548 Christina D. Romer
David H. Romer

Do Tax Cuts Starve the Beast: The Effect of Tax Changes on Government Spending

w13546 Edward Nelson
Anna J. Schwartz

The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's "Who Was Milton Friedman?"

w13544 Giancarlo Corsetti
Luca Dedola
Sylvain Leduc

Optimal Monetary Policy and the Sources of Local-Currency Price Stability

w13542 Jordi Galí
Mark Gertler

Macroeconomic Modeling for Monetary Policy Evaluation

w13532 Peter N. Ireland
Scott Schuh

Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model

w13521 Lawrence Christiano
Roberto Motto
Massimo Rostagno

Shocks, Structures or Monetary Policies? The Euro Area and US After 2001

w13518 Frederic S. Mishkin
Housing and the Monetary Transmission Mechanism

w13506 David G. Blanchflower
Chris Shadforth

Fear, Unemployment and Migration

w13505 David G. Blanchflower
Is Unemployment More Costly Than Inflation?

w13502 Lawrence Christiano
Roberto Motto
Massimo Rostagno

Two Reasons Why Money and Credit May be Useful in Monetary Policy

w13471 Martin S. Feldstein
Housing, Credit Markets and the Business Cycle

w13455 Ariel Burstein
Christian Hellwig

Prices and Market Shares in a Menu Cost Model

w13448 Andrew Ang
Sen Dong
Monika Piazzesi

No-Arbitrage Taylor Rules

w13432 Gita Gopinath
Oleg Itskhoki
Roberto Rigobon

Currency Choice and Exchange Rate Pass-through

w13428 Edward E. Leamer
Housing IS the Business Cycle

w13423 John Y. Campbell
Estimating the Equity Premium

w13419 David K. Backus
Jonathan H. Wright

Cracking the Conundrum

w13416 Fernando E. Alvarez
Francesco Lippi

Financial Innovation and the Transactions Demand for Cash

w13414 Lars E.O. Svensson
Noah M. Williams

Bayesian and Adaptive Optimal Policy under Model Uncertainty

w13410 John H. Cochrane
Identification with Taylor Rules: A Critical Review

w13409 John H. Cochrane
Inflation Determination With Taylor Rules: A Critical Review

w13406 Roger E. A. Farmer
Aggregate Demand and Supply

w13404 Andreas Beyer
Roger E. A. Farmer
Jérôme Henry
Massimiliano Marcellino

Factor Analysis in a Model with Rational Expectations

w13399 Kaoru Hosono
Koji Sakai
Kotaro Tsuru

Consolidation of Banks in Japan: Causes and Consequences

w13398 Andrew Atkeson
V. V. Chari
Patrick J. Kehoe

On the Optimal Choice of a Monetary Policy Instrument

w13397 Jon Faust
Jonathan H. Wright

Comparing Greenbook and Reduced Form Forecasts using a Large Realtime Dataset

w13391 Alan S. Blinder
John Morgan

Leadership in Groups: A Monetary Policy Experiment

w13385 Nicholas Bloom
The Impact of Uncertainty Shocks

w13366 Stijn Van Nieuwerburgh
Laura Veldkamp

Information Immobility and the Home Bias Puzzle

w13337 Miles S. Kimball
Claudia R. Sahm
Matthew D. Shapiro

Imputing Risk Tolerance from Survey Responses

w13329 Michael Woodford
Globalization and Monetary Control

w13325 Michael Woodford
How Important is Money in the Conduct of Monetary Policy?

w13318 Charles Engel
Nelson C. Mark
Kenneth D. West

Exchange Rate Models Are Not as Bad as You Think

w13315 Simon Gilchrist
Jae W. Sim

Investment during the Korean Financial Crisis: A Structural Econometric Analysis

w13280 Assaf Razin
Alon Binyamini

Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization?

w13278 Craig Burnside
Martin S. Eichenbaum
Sergio Rebelo

Understanding the Forward Premium Puzzle: A Microstructure Approach

w13264 Christina D. Romer
David H. Romer

The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks

w13259 Stefano Eusepi
Bruce Preston

Central Bank Communication and Expectations Stabilization

w13255 Christian Broda
David E. Weinstein

Defining Price Stability in Japan: A View from America

w13245 Michael F. Gallmeyer
Burton Hollifield
Francisco Palomino
Stanley E. Zin

Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models

w13207 Marvin Goodfriend
Bennett T. McCallum

Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration

w13204 Veronica Guerrieri
Guido Lorenzoni

Liquidity and Trading Dynamics

w13199 Florin O. Bilbiie
Fabio Ghironi
Marc J. Melitz

Monetary Policy and Business Cycles with Endogenous Entry and Product Variety

w13177 Guillermo A. Calvo
Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case

w13174 Simon Gilchrist
Egon Zakrajsek

Investment and the Cost of Capital: New Evidence from the Corporate Bond Market

w13147 Frederic S. Mishkin
Inflation Dynamics

w13134 Kenneth D. West
Ka-fu Wong
Stanislav Anatolyev

Instrumental Variables Estimation of Heteroskedastic Linear Models Using All Lags of Instruments

w13131 Laura Alfaro
Fabio Kanczuk

Nominal versus Indexed Debt: A Quantitative Horse Race

w13112 James D. Hamilton
Daily Changes in Fed Funds Futures Prices

w13101 Kenneth N. Kuttner
Adam S. Posen

Do Markets Care Who Chairs the Central Bank?

w13099 Marco Del Negro
Frank Schorfheide

Monetary Policy Analysis with Potentially Misspecified Models

w13047 Farley Grubb
The Continental Dollar: How Much Was Really Issued?

w13041 Christian Broda
David E. Weinstein

Product Creation and Destruction: Evidence and Price Implications

w13010 Richard Clarida
Daniel Waldman

Is Bad News About Inflation Good News for the Exchange Rate?

w12993 Michael D. Bordo
Growing Up to Financial Stability

w12983 Gary Richardson
Patrick Van Horn

Fetters of Debt, Deposit, or Gold during the Great Depression? The International Propagation of the Banking Crisis of 1931

w12982 Michael D. Bordo
Christopher Erceg
Andrew Levin
Ryan Michaels

Three Great American Disinflations

w12965 Roger E.A. Farmer
Daniel F. Waggoner
Tao Zha

Understanding the New-Keynesian Model when Monetary Policy Switches Regimes

w12959 Emmanuel Farhi
Mikhail Golosov
Aleh Tsyvinski

A Theory of Liquidity and Regulation of Financial Intermediation

w12957 Monika Piazzesi
Martin Schneider

Inflation Illusion, Credit, and Asset Pricing

w12945 Ricardo J. Caballero
Eduardo M.R.A. Engel

Price Stickiness in Ss Models: New Interpretations of Old Results

w12940 Markus K. Brunnermeier
Christian Gollier
Jonathan A. Parker

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns

w12938 Mark Carlson
Kris James Mitchener

Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression

w12930 Andrew Ang
Geert Bekaert
Min Wei

The Term Structure of Real Rates and Expected Inflation

w12919 Willem H. Buiter
Seigniorage

w12898 Guido Lorenzoni
News Shocks and Optimal Monetary Policy

w12896 Ricardo J. Caballero
Arvind Krishnamurthy

Collective Risk Management in a Flight to Quality Episode

w12881 Arvind Krishnamurthy
Annette Vissing-Jorgensen

The Demand for Treasury Debt

w12876 Frederic S. Mishkin
Klaus Schmidt-Hebbel

Does Inflation Targeting Make a Difference?

w12853 Michael W. Elsby
Ryan Michaels
Gary Solon

The Ins and Outs of Cyclical Unemployment

w12839 Willem H. Buiter
Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate

w12835 Peter L. Rousseau
Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850

w12824 Jean Boivin
Marc Giannoni
Ilian Mihov

Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data


Generated Sat May 17 03:41:13 2008

 


 
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