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Citations of
Neil Wallace

For current contact information and a more complete listing of works, please see here

The citations below have been collected in an experimental project, CitEc. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.

| Working papers | Articles | Access and download statistics

Working papers

  1. Bruce A. Champ & Neil Wallace & Warren E. Weber, 1993. "Interest rates under the U.S. national banking system," Staff Report 161, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Ricardo Cavalcanti & Andres Erosa & Ted Temzelides, 1998. "Private Money and Reserve Management in a Random Matching Model," Macroeconomics 9803008, EconWPA. [Downloadable!]
      Other versions:
    2. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    3. Antoine Martin & Cyril Monnet & Warren E. Weber, 2000. "Costly banknote issuance and interest rates under the national banking system," Working Papers 601, Federal Reserve Bank of Minneapolis. [Downloadable!]
    4. Charles M. Kahn & William Roberds, 1998. "Demandable debt as a means of payment: banknotes versus checks," Working Paper 98-5, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    5. Bruce Champ, 2007. "The National Banking System: empirical observations," Working Paper 0719, Federal Reserve Bank of Cleveland. [Downloadable!]
    6. Leo Ferraris, 2003. "Money And Credit In Random Matching Models Of Money," Working Papers 59, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
    7. Stephen Quinn & William Roberds, 2008. "The evolution of the check as a means of payment: a historical survey," Economic Review, Federal Reserve Bank of Atlanta. [Downloadable!]
    8. Bruce Champ & Neil Wallace, 2003. "Resolving the National Banking System note-issue puzzle," Working Paper 0316, Federal Reserve Bank of Cleveland. [Downloadable!]

Articles

  1. Wallace, Neil, 2000. "Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(4), pages 931-35, November.

    Cited by:

    1. Jean-Marc Natal, 2004. "Deflation and Deflationary Traps: The Situation in Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(I), pages 127-170, March. [Downloadable!]
    2. Bennett McCallum, 2001. "Inflation targeting and the liquidity trap," Proceedings, Federal Reserve Bank of San Francisco, issue Mar. [Downloadable!]
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    3. Bennett T. McCallum, 2001. "Should Monetary Policy Respond Strongly to Output Gaps?," American Economic Review, American Economic Association, vol. 91(2), pages 258-262, May. [Downloadable!] (restricted)
      Other versions:
    4. Junning Cai, 2004. "Liquidity Trap Prevention and Escape: A Simple Proposition," Macroeconomics 0402033, EconWPA. [Downloadable!]
    5. Kenneth Kuttner, 2006. "Can Central Banks Target Bond Prices?," NBER Working Papers 12454, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  2. Ricardo de O. Cavalcanti & Neil Wallace, 1999. "Inside and outside money as alternative media of exchange," Proceedings, Federal Reserve Bank of Cleveland, pages 443-468.
    Published as:

    Cited by:

    1. Hongfei Sun, 2007. "Banking, Inside Money and Outside Money," Working Papers 1146, Queen's University, Department of Economics. [Downloadable!]
      Other versions:
    2. Irina A. Telyukova & Randall Wright, 2007. "A model of money and credit, with application to the credit card debt puzzle," Working Paper 0711, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    3. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    4. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Inside and Outside Money, with an Application to the Russian Virtual Economy," Macroeconomics 0405009, EconWPA. [Downloadable!]
    5. Seater, John J., 2008. "The Demand for Currency Substitution," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 2(35), pages 1-30. [Downloadable!]
    6. Peter Rupert & Martin Schindler & Andrei Shevchenko & Randall Wright, 2000. "The search-theoretic approach to monetary economics: a primer," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 10-28. [Downloadable!]
    7. Wilfredo Toledo, 2006. "El dinero en los modelos macroeconómicos," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 97-116, July-Dece. [Downloadable!]
    8. Ricardo Cavalcanti & Ed Nosal, 2007. "Counterfeiting as private money in mechanism design," Working Paper 0716, Federal Reserve Bank of Cleveland. [Downloadable!]
    9. Christian Hellwig, 2003. "Bubbles and Self-enforcing Debt (October 2006, with Guido Lorenzoni)," UCLA Economics Online Papers 229, UCLA Department of Economics. [Downloadable!]
    10. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    11. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    12. Edward S. Prescott & John A. Weinberg, 2000. "Incentives, communication, and payment instruments," Working Paper 00-11, Federal Reserve Bank of Richmond. [Downloadable!]
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    13. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    14. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    15. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    16. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    17. Tai-wei Hu & John Kennan & Neil Wallace, 2007. "Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model," NBER Working Papers 13310, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    18. Agapov Stanislav & Boyarchenko Svetlana & Levendorsky Sergey, 2003. "A Three-Sector Model of the Russian Virtual Economy," EERC Working Paper Series 02-06e, EERC Research Network, Russia and CIS. [Downloadable!]
    19. Marchesiani, Alessandro & Senesi, Pietro, 2007. "Money and Nominal Bonds," MPRA Paper 9417, University Library of Munich, Germany. [Downloadable!]
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    20. Neil Wallace, 2000. "Knowledge of individual histories and optimal payment arrangements," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 11-21. [Downloadable!]
    21. David Andolfatto & Ed Nosal, 2003. "A Theory of Money and Banking," Macroeconomics 0310003, EconWPA. [Downloadable!]
      Other versions:
    22. Carolyn Sissoko, 2006. "An Idealized View of Financial Intermediation," Occidental Economics Working Papers 6, Occidental College, Department of Economics, revised Jun 2007. [Downloadable!]
      Other versions:
    23. Rivano, Ricardo de Oliveira & Wallace, Neil, 2006. "New models of old(?) payment questions," Economics Working Papers (Ensaios Economicos da EPGE) 619, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    24. S. Boragan Aruoba & Randall Wright, 2002. "Search, Money and Capital: A Neoclassical Dichotomy, Second Version," PIER Working Paper Archive 03-028, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 03 Sep 2003. [Downloadable!]
    25. Ricardo Lagos, 2006. "Inside and outside money," Staff Report 374, Federal Reserve Bank of Minneapolis. [Downloadable!]
    26. Eli Spiegelman & George Spiegelman & Jonah Spiegelman, 2007. "Money as Social Exergy," Journal of Bioeconomics, Springer, vol. 9(3), pages 265-277, December. [Downloadable!] (restricted)
    27. David C. Mills, Jr., 2006. "A model in which outside and inside money are essential," Finance and Economics Discussion Series 2006-38, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    28. Antoine Martin & Michael Orlando & David Skeie, 2008. "Payment networks in a search model of money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 104-132, January. [Downloadable!] (restricted)
      Other versions:
    29. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2008. "Information, Liquidity and Asset Prices," PIER Working Paper Archive 08-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
    30. Ricardo de O. Cavalcanti & Andrés Erosa & Tod Temzelides, 2004. "Liquidity, money creation and destruction, and the returns to banking," Working Paper Series 394, European Central Bank. [Downloadable!]
      Other versions:
    31. Bruce Champ & Neil Wallace, 2003. "Resolving the National Banking System note-issue puzzle," Working Paper 0316, Federal Reserve Bank of Cleveland. [Downloadable!]
    32. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers iewwp372, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    33. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "Money, Credit and Banking," IEW - Working Papers iewwp219, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    34. Antoine Martin & Stacey L. Schreft, 2003. "Currency competition : a partial vindication of Hayek," Research Working Paper RWP 03-04, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    35. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  3. Taber, Alexander & Wallace, Neil, 1999. "A Matching Model with Bounded Holdings of Indivisible Money," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 961-84, November.

    Cited by:

    1. Zhu, Tao, 2002. "Existence of Monetary Steady States in a Matching Model: Indivisible Money," Working Papers 5-02-1, Pennsylvania State University, Department of Economics. [Downloadable!]
    2. Peter Rupert & Martin Schindler & Randall Wright, 2000. "Generalized search-theoretic models of monetary exchange," Working Paper 0005, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    3. Ricardo Lagos & Randall Wright, 2004. "A unified framework for monetary theory and policy analysis," Staff Report 346, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    4. Tsunao Okumura, 2005. "Wealth as a Signal in the Search Model of Money," Discussion Papers 1401, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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    5. Miquel Faig, 2001. "A Search Theory of Money and Commerce with Neoclassical Production," Economics Working Papers 567, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:
    6. Ahiabu, Stephen, 2006. "Inflation and the underground economy," MPRA Paper 763, University Library of Munich, Germany, revised Nov 2006. [Downloadable!]
    7. Aleksander Berentsen & Guillaume Rocheteau, 2002. "Money in Bilateral Trade," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(IV), pages 489-506, December. [Downloadable!]
    8. Manjong Lee & Neil Wallace, 2006. "Optimal divisibility when money is costly to produce," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(3), pages 541-556, July. [Downloadable!] (restricted)

  4. Ricardo de O. Cavalcanti & Neil Wallace, 1999. "A model of private bank-note issue," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 104-136, January. [Downloadable!] (restricted)

    Cited by:

    1. Ben R. Craig & Christopher J. Waller, 2000. "Dual-currency economies as multiple-payment systems," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 2-13. [Downloadable!]
    2. Randall Wright, 2005. "Introduction to "Models of Monetary Economies II: The Next Generation"," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Oct, pages 2-9.
      Other versions:
    3. Irina A. Telyukova & Randall Wright, 2007. "A model of money and credit, with application to the credit card debt puzzle," Working Paper 0711, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    4. Aleksander Berentsen, . "Time-Consistent Private Supplie of Outside Paper Money," IEW - Working Papers iewwp156, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    5. Narayana R. Kocherlakota, 2007. "Money and bonds: an equivalence theorem," Staff Report 393, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    6. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Inside and Outside Money, with an Application to the Russian Virtual Economy," Macroeconomics 0405009, EconWPA. [Downloadable!]
    7. Nobuhiro Kiyotaki & John Moore, 2002. "Evil Is the Root of All Money," American Economic Review, American Economic Association, vol. 92(2), pages 62-66, May. [Downloadable!]
    8. Peter Rupert & Martin Schindler & Andrei Shevchenko & Randall Wright, 2000. "The search-theoretic approach to monetary economics: a primer," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 10-28. [Downloadable!]
    9. Wilfredo Toledo, 2006. "El dinero en los modelos macroeconómicos," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 97-116, July-Dece. [Downloadable!]
    10. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    11. Charles M. Kahn & William Roberds, 2005. "Credit and identity theft," Conference Series ; [Proceedings], Federal Reserve Bank of Boston. [Downloadable!]
      Other versions:
    12. Brett Katzman & John Kennan & Neil Wallace, 1999. "Optimal Monetary Impulse-Response Functions in a Matching Model," NBER Working Papers 7425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    13. Cornelia Holthausen & Cyril Monnet, 2003. "Money and payments: a modern perspective," Working Paper Series 245, European Central Bank. [Downloadable!]
    14. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    15. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    16. Ricardo de O. Cavalcanti & Ed Nosal, 2005. "Some benefits of cyclical monetary policy," Working Paper 0511, Federal Reserve Bank of Cleveland. [Downloadable!]
    17. Agapov Stanislav & Boyarchenko Svetlana & Levendorsky Sergey, 2003. "A Three-Sector Model of the Russian Virtual Economy," EERC Working Paper Series 02-06e, EERC Research Network, Russia and CIS. [Downloadable!]
    18. Laurence Ales & Francesca Carapella & Pricila Maziero & Warren E. Weber, 2006. "A model of banknote discounts," Working Papers 641, Federal Reserve Bank of Minneapolis. [Downloadable!]
    19. David Andolfatto & Ed Nosal, 2003. "A Theory of Money and Banking," Macroeconomics 0310003, EconWPA. [Downloadable!]
      Other versions:
    20. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]
    21. Carolyn Sissoko, 2006. "An Idealized View of Financial Intermediation," Occidental Economics Working Papers 6, Occidental College, Department of Economics, revised Jun 2007. [Downloadable!]
      Other versions:
    22. Cavalcanti, Ricardo de Oliveira & Nosal, Ed, 2005. "Some Benefits of Cyclical Monetary Policy," Economics Working Papers (Ensaios Economicos da EPGE) 603, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    23. Rivano, Ricardo de Oliveira & Wallace, Neil, 2006. "New models of old(?) payment questions," Economics Working Papers (Ensaios Economicos da EPGE) 619, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    24. Ricardo Lagos, 2006. "Inside and outside money," Staff Report 374, Federal Reserve Bank of Minneapolis. [Downloadable!]
    25. John Bryant, 2005. "Fiat Money and Coordination: A "Perverse" Coexistence of Private Notes and Fiat Money," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 377-381, Summer. [Downloadable!]
    26. Charles M. Kahn & James McAndrews & William Roberds, 2004. "Money is privacy," Working Paper 2004-18, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
      • Charles M. Kahn & James McAndrews & William Roberds, 2005. "Money Is Privacy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 377-399, 05. [Downloadable!] (restricted)
    27. David C. Mills, Jr., 2006. "A model in which outside and inside money are essential," Finance and Economics Discussion Series 2006-38, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    28. Antoine Martin & Michael Orlando & David Skeie, 2008. "Payment networks in a search model of money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 104-132, January. [Downloadable!] (restricted)
      Other versions:
    29. Aleksander Berentsen & Guillaume Rocheteau, 2002. "Money in Bilateral Trade," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(IV), pages 489-506, December. [Downloadable!]
    30. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2008. "Information, Liquidity and Asset Prices," PIER Working Paper Archive 08-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
    31. Ricardo de O. Cavalcanti & Andrés Erosa & Tod Temzelides, 2004. "Liquidity, money creation and destruction, and the returns to banking," Working Paper Series 394, European Central Bank. [Downloadable!]
      Other versions:
    32. Bruce Champ & Neil Wallace, 2003. "Resolving the National Banking System note-issue puzzle," Working Paper 0316, Federal Reserve Bank of Cleveland. [Downloadable!]
    33. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers iewwp372, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    34. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "Money, Credit and Banking," IEW - Working Papers iewwp219, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    35. Antoine Martin & Stacey L. Schreft, 2003. "Currency competition : a partial vindication of Hayek," Research Working Paper RWP 03-04, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:

  5. Wallace, Neil, 1997. "Short-Run and Long-Run Effects of Changes in Money in a Random-Matching Model," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1293-1307, December.

    Cited by:

    1. Klaus Rainer Schenk-Hoppé, . "Stochastic Tastes and Money in a Neo-Keynesian Economy," IEW - Working Papers iewwp088, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    2. Brett Katzman & John Kennan & Neil Wallace, 1999. "Optimal Monetary Impulse-Response Functions in a Matching Model," NBER Working Papers 7425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. W A Razzak, 2001. "Money in the era of inflation targeting," Reserve Bank of New Zealand Discussion Paper Series DP2001/02, Reserve Bank of New Zealand. [Downloadable!]
    4. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "The Distribution of Money Balances and the Non-Neutrality of Money," IEW - Working Papers iewwp220, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  6. Aiyagari, S Rao & Wallace, Neil, 1992. "Fiat Money in the Kiyotaki-Wright Model," Economic Theory, Springer, vol. 2(4), pages 447-64, October.

    Cited by:

    1. Nienke Oomes, 2003. "Network Externalities and Dollarization Hysteresis: The Case of Russia," IMF Working Papers 03/96, International Monetary Fund. [Downloadable!]
    2. Ben R. Craig & Christopher J. Waller, 2000. "Dual-currency economies as multiple-payment systems," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 2-13. [Downloadable!]
    3. Christian Hellwig, 2002. "Money, Intermediaries, and Cash-in-Advance Constraints (February 2003)," UCLA Economics Online Papers 207, UCLA Department of Economics. [Downloadable!]
    4. Peter Rupert & Martin Schindler & Andrei Shevchenko & Randall Wright, 2000. "The search-theoretic approach to monetary economics: a primer," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 10-28. [Downloadable!]
    5. Willem H. Buiter, 2003. "James Tobin: An Appreciation of his Contribution to Economics," NBER Working Papers 9753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    6. Steve Williamson & Randall Wright, 1991. "Barter and monetary exchange under private information," Staff Report 141, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    7. Juan-Manuel Renero, 2000. "May the Worst Commodity Standard be the Best? A Re-enactment of "The Crimes of 1873"," Econometric Society World Congress 2000 Contributed Papers 1522, Econometric Society. [Downloadable!]
    8. Canice Prendergast & Lars Stole, 2001. "Barter, Liquidity and Market Segmentation," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    9. Timothy J. Kehoe & Nobuhiro Kiyotaki & Randall Wright, 1991. "More on money as a medium of exchange," Staff Report 140, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    10. Neil Wallace, 1996. "Search-theoretic models of international currency - commentary," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 136-138. [Downloadable!]
    11. Bilge Ozturk, 2003. "An evolutionary model of the emergence of the media of exchange," Working Papers hal-00242982_v1, HAL. [Downloadable!]
    12. S. Rao Aiyagari & Neil Wallace, 1991. "Existence of steady states with positive consumption in the Kiyotaki-Wright model," Working Papers 428, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    13. Nobuhiro Kiyotaki & Randall Wright, 1990. "Search for a Theory of Money," NBER Working Papers 3482, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    14. Shinkevich Andrey, 2002. "Dollarization Hysteresis in Russia," EERC Working Paper Series 00-087e, EERC Research Network, Russia and CIS. [Downloadable!]

  7. Sargent, Thomas J & Wallace, Neil, 1982. "The Real-Bills Doctrine versus the Quantity Theory: A Reconsideration," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1212-36, December. [Downloadable!] (restricted)

    Cited by:

    1. R. D. Rossiter, 1994. "Free Banking In Hong Kong," International Economic Journal, Korean International Economic Association, vol. 8(1), pages 39-51, April. [Downloadable!] (restricted)
    2. Preston J. Miller, 1983. "Budget deficit mythology," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    3. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    4. Ramon Moreno, 1986. "Monetary control without a central bank: the case of Hong Kong," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 17-37. [Downloadable!]
    5. Neil Wallace, 1983. "A legal restrictions theory of the demand for "money" and the role of monetary policy," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win. [Downloadable!]
    6. Neil Wallace, 1998. "A dictum for monetary theory," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 20-26. [Downloadable!]
    7. Elisa Newby, 2007. " The Suspension of Cash Payments as a Monetary Regime," CDMA Working Paper Series 0707, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
    8. Babacar XSENE, 2005. "Impact du fardeau virtuel de la dette sur le taux de change réel d'équilibre des pays en développement," Macroeconomics 0501014, EconWPA. [Downloadable!]
    9. Michael C. Keeley & Frederick T. Furlong, 1986. "Bank regulation and the public interest," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 55-71. [Downloadable!]
    10. Christian Hellwig, 2003. "Bubbles and Self-enforcing Debt (October 2006, with Guido Lorenzoni)," UCLA Economics Online Papers 229, UCLA Department of Economics. [Downloadable!]
    11. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    12. Goetz von Peter, 2003. "A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises," Macroeconomics 0312006, EconWPA. [Downloadable!]
    13. David T. Beers & Thomas J. Sargent & Neil Wallace, 1983. "Speculations about the speculation against the Hong Kong dollar," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    14. Marco Espinosa-Vega & Steven Russell, 1999. "A public finance analysis of multiple reserve requirements," Working Paper 99-19, Federal Reserve Bank of Atlanta. [Downloadable!]
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    15. Jean-Pascal Benassy, 2001. "The Phillips Curve and Optimal Policy in a Structural Signal Extraction Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 58-74, January. [Downloadable!] (restricted)
    16. Saunders, Drew, 2006. "The Elastic Provision of Liquidity by Private Agents," Purdue University Economics Working Papers 1195, Purdue University, Department of Economics. [Downloadable!]
    17. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    18. Charles M. Kahn & William Roberds, 1999. "Real-time gross settlement and the costs of immediacy," Working Paper 98-21, Federal Reserve Bank of Atlanta. [Downloadable!]
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    19. Neil Wallace, 1990. "A suggestion for oversimplifying the theory of money," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 19-26. [Downloadable!]
    20. Thomas J. Sargent, 1982. "Beyond demand and supply curves in macroeconomics," Staff Report 77, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    21. Edward J. Green, 1996. "Money and Debt in the Structure of Payments," Macroeconomics 9609002, EconWPA, revised 09 Sep 1996. [Downloadable!]
      Other versions:
    22. Ricardo de O. Cavalcanti & Andres Erosa & Ted Temzelides, 1999. "Private money and reserve management in a random-matching model," Discussion Paper / Institute for Empirical Macroeconomics 128, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    23. Andreas Schabert, 2003. "On the Relevance of Open Market Operations," Working Paper Series in Economics 4, University of Cologne, Department of Economics. [Downloadable!]
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    24. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]
    25. David Folkerts-Landau & Peter M. Garber, 1992. "The European Central Bank: A Bank or a Monetary Policy Rule," NBER Working Papers 4016, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    26. Goetz von Peter, 2004. "Asset Prices and Banking Distress: A Macroeconomic Approach," Finance 0411034, EconWPA. [Downloadable!]
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    27. Sanford J. Grossman & Laurence Weiss, 1984. "A Transactions Based Model of the Monetary Transmission Mechanism: Part 1," NBER Working Papers 0973, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    28. Peter L. Rousseau, 2007. "Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850," NBER Working Papers 12835, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    29. Stanley C. W. Salvary, 2005. "Informedness Of Economic Agents And The Quantity Theory Of Money," Macroeconomics 0512005, EconWPA. [Downloadable!]
      Other versions:
    30. John Bryant & Neil Wallace, 1983. "A price discrimination analysis of monetary policy," Staff Report 51, Federal Reserve Bank of Minneapolis. [Downloadable!]
    31. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    32. Aleksander Berentsen & Cyril Monnet, 2008. "Monetary policy in a channel system," Working Papers 08-7, Federal Reserve Bank of Philadelphia. [Downloadable!]
      Other versions:
    33. Leo Ferraris, 2003. "Money And Credit In Random Matching Models Of Money," Working Papers 59, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
    34. Thomas J. Sargent & Neil Wallace, 1983. "A model of commodity money," Staff Report 85, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    35. Michael Sproul, 1998. "The Quantity Theory versus the Real Bills Doctrine in Colonial America," UCLA Economics Working Papers 775B, UCLA Department of Economics. [Downloadable!]
    36. Gaetano Antinolfi & Todd Keister, 2000. "Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate," Working Papers 0002, Centro de Investigacion Economica, ITAM. [Downloadable!]
    37. Ricardo Cavalcanti & Ed Nosal, 2009. "Some benefits of cyclical monetary policy," Economic Theory, Springer, vol. 39(2), pages 195-216, May. [Downloadable!] (restricted)
    38. Michael Sproul, 1999. "Backed Money, Fiat Money and the Real Bills Doctrine," UCLA Economics Working Papers 789, UCLA Department of Economics. [Downloadable!]
      Other versions:
    39. Stanley Fischer, 1983. "A Framework for Monetary and Banking Analysis," NBER Working Papers 0936, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    40. Jonathan Eaton, 1987. "Lending with Costly Enforcement of Repayment and Potential Fraud," NBER Working Papers 1697, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    41. Stanley C. W. Salvary, 2005. "On Financial Accounting Measurement: A Reconsideration Of Sfac 5 By The Fasb Is Needed," Finance 0502015, EconWPA. [Downloadable!]
    42. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "Money, Credit and Banking," IEW - Working Papers iewwp219, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    43. Gaetano Antinolfi & Elisabeth Huybens & Todd Keister, 2000. "Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort," Working Papers 0001, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    44. Neil Wallace, 1985. "Ricardian equivalence and money dominated in return: are they mutually consistent generally?," Staff Report 99, Federal Reserve Bank of Minneapolis. [Downloadable!]

  8. Wallace, Neil, 1981. "A Modigliani-Miller Theorem for Open-Market Operations," American Economic Review, American Economic Association, vol. 71(3), pages 267-74, June. [Downloadable!] (restricted)

    Cited by:

    1. M. Hashem Pesaran, 2000. "The Cost Efficiency of UK Debt Management: A Recursive Modelling Approach," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    2. Willem H. Buiter, 1993. "Public Debt in the USA: How Much, How Bad and Who Pays?," NBER Working Papers 4362, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Bruce D. Smith, 1988. "The relationship between money and prices: some historical evidence reconsidered," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 18-32. [Downloadable!]
    4. Narayana R. Kocherlakota, 2007. "Money and bonds: an equivalence theorem," Staff Report 393, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    5. Christophe Chamley & Heracles M. Polemarchakis, 1981. "Asset Markets, General Equilibrium and the Neutrality of Money," Cowles Foundation Discussion Papers 605, Cowles Foundation, Yale University. [Downloadable!]
    6. Franz Hamann & Julián Pérez & Paulina Restrepo, . "Sobre los Efectos Macroeconómicos de la Composición de la Deuda Pública en Colombia," Borradores de Economia 332, Banco de la Republica de Colombia. [Downloadable!]
      Other versions:
    7. Merton, Robert C., 1986. "Capital market theory and the pricing of financial securities," Working papers 1818-86., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
      Other versions:
    8. Fred Wallace, 1989. "The Neutrality of Optimal Government Financial Policy: Supplying the Intergenerational Free Lunch: A Comment," Eastern Economic Journal, Eastern Economic Association, vol. 15(2), pages 147-150, Apr-Jun. [Downloadable!]
    9. Dean D. Croushore, 1987. "The Neutrality of Optimal Government Financial Policy: Supplying the Intergenerational Free Lunch," Eastern Economic Journal, Eastern Economic Association, vol. 13(2), pages 123-136, Apr-Jun. [Downloadable!]
    10. David B. Gordon & Eric M. Leeper, 2002. "The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level," NBER Working Papers 9084, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    11. Dahai Yu, 1998. "Two equivalence theorems for government finance," International Finance Discussion Papers 622, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    12. Joseph E. Stiglitz, 1984. "On the Relevance or Irrelevance of Public Financial Policy: Indexation,Price Rigidities and Optimal Monetary Policy," NBER Working Papers 1106, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    13. Thomas J. Sargent & Neil Wallace, 1983. "A model of commodity money," Staff Report 85, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    14. Thomas J. Sargent & Neil Wallace, 1981. "The real bills doctrine vs. the quantity theory: a reconsideration," Staff Report 64, Federal Reserve Bank of Minneapolis. [Downloadable!]
    15. Alexandre B. Cunha, 2006. "Implications of the Modigliani-Miller Theorem for the Study of Exchange Rate Regimes," IBMEC RJ Economics Discussion Papers 2006-03, Economics Research Group, IBMEC Business School - Rio de Janeiro. [Downloadable!]
    16. Buiter, Willem H, 2004. "Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap," CEPR Discussion Papers 4202, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    17. Stanley Fischer & Robert C. Merton, 1985. "Macroeconomics and Finance: The Role of the Stock Market," NBER Working Papers 1291, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Michael Sproul, 1999. "Backed Money, Fiat Money and the Real Bills Doctrine," UCLA Economics Working Papers 789, UCLA Department of Economics. [Downloadable!]
      Other versions:
    19. Stanley Fischer, 1983. "A Framework for Monetary and Banking Analysis," NBER Working Papers 0936, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    20. Dean D. Croushore, 1989. "What Neutrality Means in Macroeconomics: Reply," Eastern Economic Journal, Eastern Economic Association, vol. 15(2), pages 150-152, Apr-Jun. [Downloadable!]
    21. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers iewwp372, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    22. Julio J. Rotemberg, 1982. "A Monetary Equilibrium Model with Transactions Costs," NBER Working Papers 0978, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    23. Willem H. Buiter, 1984. "The Proper Measurement of Government Budget Deficits: Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector," NBER Working Papers 1013, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    24. Neil Wallace, 1985. "Ricardian equivalence and money dominated in return: are they mutually consistent generally?," Staff Report 99, Federal Reserve Bank of Minneapolis. [Downloadable!]

  9. Kareken, John & Wallace, Neil, 1981. "On the Indeterminacy of Equilibrium Exchange Rates," The Quarterly Journal of Economics, MIT Press, vol. 96(2), pages 207-22, May. [Downloadable!] (restricted)

    Cited by:

    1. James T. E. Chapman, 2008. "Policy Coordination in an International Payment System," Working Papers 08-17, Bank of Canada. [Downloadable!]
    2. Camera, G. & Noussair, C. & Tucker, S., 2000. "Rate-of-Return Dominance and Efficiency in an Experimental Economy," Purdue University Economics Working Papers 1135, Purdue University, Department of Economics. [Downloadable!]
      Other versions:
    3. Willem H. Buiter & Vittorio U. Grilli, 1989. "The "Gold Standard Paradox" and its Resolution," NBER Working Papers 3178, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    5. Alexei Deviatov & Igor Dodonov, 2006. "Exchange-rate volatility, exchange-rate disconnect, and the failure of volatility conservation," Working Papers w0079, Center for Economic and Financial Research (CEFIR). [Downloadable!]
    6. Dimitrios P. Tsomocos, 2006. "Generic Determinacy and Money Non-Neutrality of International Monetary Equilibria," OFRC Working Papers Series 2006fe07, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    7. Alberto Giovannini & Bart Turtelboom, 1992. "Currency Substitution," NBER Working Papers 4232, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Irasema Alonso, 2004. "Persistent, Nonfundamental Exchange Rate Fluctuations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 687-706, July. [Downloadable!] (restricted)
    9. Alessandra Casella, 1990. "Participation in a Currency Union," NBER Working Papers 3220, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Preston J. Miller, 1983. "Budget deficit mythology," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    11. SALTO, Matteo, 1998. "Indeterminacy of equilibrium allocations in monetary open economies," CORE Discussion Papers 1998062, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    12. Bruce D. Smith, 1988. "The relationship between money and prices: some historical evidence reconsidered," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 18-32. [Downloadable!]
    13. Brock, W.A. & Hommes, C.H. & Wagener, F.O.O., 2002. "Evolutionary dynamics in markets with many trader types," CeNDEF Working Papers 02-10, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance. [Downloadable!]
      Other versions:
    14. John Bryant & Neil Wallace, 1980. "A suggestion for further simplifying the theory of money," Staff Report 62, Federal Reserve Bank of Minneapolis. [Downloadable!]
    15. Preston J. Miller & Neil Wallace, 1985. "International coordination of macroeconomic policies: a welfare analysis," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr. [Downloadable!]
    16. Michael Woodford, 1990. "Does Competition Between Currencies Lead to Price Level and Exchange Rate Stability?," NBER Working Papers 3441, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. Neil Wallace, 1998. "A dictum for monetary theory," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 20-26. [Downloadable!]
    18. Miguel Lebre de Freitas, 2003. "Currency substitution and money demand in Euroland," NIPE Working Papers 11/2003, NIPE - Universidade do Minho. [Downloadable!]
      Other versions:
    19. Jeremy Greenwood & Stephen D. Williamson, 1988. "International financial intermediation and aggregate fluctuations under alternative exchange rate regimes," Staff Report 112, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    20. Allen Head & Shouyong Shi, 2002. "A Fundamental Theory of Exchange Rates and Direct Currency Trades," Working Papers shouyong-03-01, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    21. Edgardo Barandiarán, 2000. "Chile Después del Peso: Viviendo con el Dólar," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(110), pages 241-267. [Downloadable!]
    22. Jonathan Eaton, 1985. "Optimal and Time Consistent Exchange Rate Management in an Overlapping Generations Economy," NBER Working Papers 1196, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    23. David T. Beers & Thomas J. Sargent & Neil Wallace, 1983. "Speculations about the speculation against the Hong Kong dollar," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    24. Miguel Lebre de Freitas, 2003. "The dynamics of inflation and currency substitution in a small open economy," Working Papers de Economia (Economics Working Papers) 02, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro, revised Aug 2003. [Downloadable!]
      Other versions:
    25. Lorenzo Bini-Smaghi & Silvia Vori, 1993. "Is there a “triffin dilemma†for the EMS?," Open Economies Review, Springer, vol. 4(2), pages 175-188, June. [Downloadable!] (restricted)
    26. John Duffy, 2004. "Agent-Based Models and Human Subject Experiments," Computational Economics 0412001, EconWPA. [Downloadable!]
      Other versions:
    27. Chang, Roberto, 1991. "Financial Integration with and without International Policy Coordination," Working Papers 91-67, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    28. James Bullard, 1991. "Collapsing exchange rate regimes: a reinterpretation," Working Papers 1991-003, Federal Reserve Bank of St. Louis. [Downloadable!]
    29. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    30. François R. Velde & Warren E. Weber, 1998. "A model of bimetallism," Working Papers 588, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    31. Thomas J. Sargent, 1982. "Beyond demand and supply curves in macroeconomics," Staff Report 77, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    32. Miguel Lebre de Freitas, 2004. "Currency Substitution, Portfolio Diversification and Money Demand," Econometric Society 2004 Latin American Meetings 263, Econometric Society. [Downloadable!]
      Other versions:
    33. Timothy J. Kehoe & David K. Levine, 1990. "Indeterminacy in Applied Intertemporal General Equilibrium Models," Levine's Working Paper Archive 2042, David K. Levine. [Downloadable!]
    34. Michael Mussa, 1984. "Rational Expectations Models with a Continuum of Convergent Solutions," NBER Technical Working Papers 0041, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    35. Maurice Obstfeld & Alan C. Stockman, 1985. "Exchange-Rate Dynamics," NBER Working Papers 1230, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    36. Antoine Martin, 2002. "Endogenous multiple currencies," Research Working Paper RWP 02-03, Federal Reserve Bank of Kansas City. [Downloadable!]
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    37. Alessandra Casella & Jonathan Feinstein, 1988. "Management of a Common Currency," NBER Working Papers 2740, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    38. Julius Horvath, 2004. "Optimum currency area theory: A selective review," Macroeconomics 0401014, EconWPA. [Downloadable!]
      Other versions:
    39. Thomas J. Sargent & Francois R. Velde, 1997. "The big problem of small change," Working Paper Series, Macroeconomic Issues WP-97-08, Federal Reserve Bank of Chicago. [Downloadable!]
      Other versions:
    40. Qing Liu & Shouyong Shi, 2006. "Currency Areas and Monetary Coordination," Working Papers tecipa-226, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    41. Paula Hernandez-Verme, . "International Reserves Crises, Monetary Integration and the Payments System during the International Gold Standard," School of Economics Working Papers EC200904, Universidad de Guanajuato. [Downloadable!]
      Other versions:
    42. Carlos Gustavo Machicado, 2006. "Liquidity Shocks and the Dollarization of a Banking System," Development Research Working Paper Series 09/2006, Institute for Advanced Development Studies. [Downloadable!]
      Other versions:
    43. Buiter, Willem H & Grafe, Clemens, 2002. "Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries," CEPR Discussion Papers 3184, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    44. Maurice Obstfeld, 1999. "A Strategy for Launching the Euro," NBER Working Papers 6233, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    45. Huberto M. Ennis, 2003. "Shortages of small change in early Argentina," Working Paper 03-12, Federal Reserve Bank of Richmond. [Downloadable!]
    46. Alexandre B. Cunha, 2006. "Implications of the Modigliani-Miller Theorem for the Study of Exchange Rate Regimes," IBMEC RJ Economics Discussion Papers 2006-03, Economics Research Group, IBMEC Business School - Rio de Janeiro. [Downloadable!]
    47. Christian Hellwig & Guido Lorenzoni, 2006. "Bubbles and Self-enforcing Debt," Levine's Bibliography 321307000000000383, UCLA Department of Economics. [Downloadable!]
      Other versions:
    48. Miguel Lebre de Freitas, 2003. "EU-wide money and currency substitution," Working Papers de Economia (Economics Working Papers) 09, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro. [Downloadable!]
      Other versions:
    49. Thomas J. Sargent & Francois R. Velde, 1990. "The analytics of German monetary unification," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 33-50. [Downloadable!]
    50. Philippe Weil, 1989. "Money, Time Preference and External Balance," NBER Working Papers 2822, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    51. Fridman Alla & Verbetsky Aleksey, 2001. "Currency Substitution in Russia," EERC Working Paper Series 01-05e, EERC Research Network, Russia and CIS. [Downloadable!]
    52. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Papers 334, University of Pittsburgh, Department of Economics, revised Mar 2008. [Downloadable!]
    53. Fabio Ghironi, 2000. "Macroeconomic Interdependence under Incomplete Markets," Boston College Working Papers in Economics 471, Boston College Department of Economics, revised 07 Feb 2003. [Downloadable!]
      Other versions:
    54. Gianluca Benigno & Pierpaolo Benigno & Fabio Ghironi, 2000. "Interest Rate Rules for Fixed Exchange Rate Regimes," Boston College Working Papers in Economics 468, Boston College Department of Economics, revised 13 Oct 2003. [Downloadable!]
      Other versions:
    55. Chien Nan Wang, 1990. "On the choice of the exchange-rate regimes," Working Paper 9002, Federal Reserve Bank of Cleveland. [Downloadable!]
    56. Benjamin Eden, 2006. "International Seigniorage Payments," Working Papers 0622, Department of Economics, Vanderbilt University. [Downloadable!]
    57. Waller, Christopher J. & Craig, Ben, 2001. "Currency Portfolios and Currency Exchange in a Search Economy," Discussion Paper Series 1: Economic Studies 2001,15, Deutsche Bundesbank, Research Centre. [Downloadable!]
    58. Russell W. Cooper & Hubert Kempf., 2001. "Dollarization and the conquest of hyperinflation in divided societies," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 3-12. [Downloadable!]
    59. Antoine Martin & Stacey L. Schreft, 2003. "Currency competition : a partial vindication of Hayek," Research Working Paper RWP 03-04, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    60. Russell Cooper & Hubert Kempf, 1998. "Establishing a Monetary Union," NBER Working Papers 6791, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  10. Bryant, John & Wallace, Neil, 1980. "Open-Market Operations in a Model of Regulated, Insured Intermediaries," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 146-73, February. [Downloadable!] (restricted)

    Cited by:

    1. John Bryant, 1980. "Shocks, learning, and persistence," Staff Report 50, Federal Reserve Bank of Minneapolis. [Downloadable!]
    2. John Bryant, 1978. "Transactions demand for money," Staff Report 38, Federal Reserve Bank of Minneapolis. [Downloadable!]
    3. Joseph H. Haslag, 2001. "On Fed watching and central bank transparency in an overlapping generations model," Working Papers 00-02, Federal Reserve Bank of Dallas. [Downloadable!]
    4. John Bryant, 1980. "The competitive provision of fiat money," Staff Report 48, Federal Reserve Bank of Minneapolis. [Downloadable!]
    5. Joseph H. Haslag, 1994. "The effects of monetary policy in a model with reserve requirements," Working Papers 94-15, Federal Reserve Bank of Dallas. [Downloadable!]
    6. Antoine Martin, 2002. "Reconciling Bagehot with the Fed's response to Sept. 11," Research Working Paper RWP 02-10, Federal Reserve Bank of Kansas City. [Downloadable!]
    7. Preston J. Miller & Arthur J. Rolnick, 1979. "The CBO's policy analysis: an unquestionable misuse of a questionable theory," Staff Report 49, Federal Reserve Bank of Minneapolis. [Downloadable!]
    8. John Bryant, 1980. "Bank collapse and depression," Staff Report 56, Federal Reserve Bank of Minneapolis. [Downloadable!]

  11. Bryant, John & Wallace, Neil, 1979. "The Inefficiency of Interest-bearing National Debt," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 365-81, April. [Downloadable!] (restricted)

    Cited by:

    1. Satyajit Chatterjee & Dean Corbae, 1996. "Money and finance with costly commitment," Working Papers 96-8, Federal Reserve Bank of Philadelphia. [Downloadable!]
      Other versions:
    2. John Bryant, 1979. "The political economy of overlapping generations," Staff Report 43, Federal Reserve Bank of Minneapolis. [Downloadable!]
    3. Miquel Faig, 1999. "The Optimal structure of Liquidity Provided by a Self Financed Central Bank," Working Papers faig-99-01, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    4. Preston J. Miller, 1980. "Deficit policies, deficit fallacies," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum. [Downloadable!]
    5. John Bryant & Neil Wallace, 1980. "A suggestion for further simplifying the theory of money," Staff Report 62, Federal Reserve Bank of Minneapolis. [Downloadable!]
    6. Richard G. Anderson & Robert H. Rasche, 1996. "A revised measure of the St. Louis adjusted monetary base," Working Papers 1996-004, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    7. John Bryant, 1979. "Demand management: an illustrative example," Staff Report 46, Federal Reserve Bank of Minneapolis. [Downloadable!]
    8. Bennett T. McCallum, 1984. "Macroeconomics After a Decade of Rational Expectations: Some Critical Issues," NBER Working Papers 1050, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Bennett T. McCallum, 1991. "Inflation: Theory and Evidence," NBER Working Papers 2312, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Preston J. Miller, 1983. "Higher deficit policies lead to higher inflation," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win. [Downloadable!]
    11. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    12. Thomas J. Sargent, 1982. "Beyond demand and supply curves in macroeconomics," Staff Report 77, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    13. John Bryant, 1980. "The competitive provision of fiat money," Staff Report 48, Federal Reserve Bank of Minneapolis. [Downloadable!]
    14. Dean D. Croushore, 1987. "The Neutrality of Optimal Government Financial Policy: Supplying the Intergenerational Free Lunch," Eastern Economic Journal, Eastern Economic Association, vol. 13(2), pages 123-136, Apr-Jun. [Downloadable!]
    15. David B. Gordon & Eric M. Leeper, 2002. "The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level," NBER Working Papers 9084, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. John Bryant & Neil Wallace, 1978. "Open-market operations in a model of regulated, insured intermediaries," Staff Report 34, Federal Reserve Bank of Minneapolis. [Downloadable!]
    17. Michael Woodford, 1995. "Price Level Determinacy Without Control of a Monetary Aggregate," NBER Working Papers 5204, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. John Bryant & Neil Wallace, 1979. "Monetary policy in the presence of a stochastic deficit," Staff Report 42, Federal Reserve Bank of Minneapolis. [Downloadable!]
    19. Sanford J. Grossman & Laurence Weiss, 1984. "A Transactions Based Model of the Monetary Transmission Mechanism: Part 1," NBER Working Papers 0973, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    20. John Bryant & Neil Wallace, 1983. "A price discrimination analysis of monetary policy," Staff Report 51, Federal Reserve Bank of Minneapolis. [Downloadable!]
    21. Thomas J. Sargent & Neil Wallace, 1981. "The real bills doctrine vs. the quantity theory: a reconsideration," Staff Report 64, Federal Reserve Bank of Minneapolis. [Downloadable!]
    22. Neil Wallace, 1979. "A Modigliani-Miller theorem for open-market operations," Staff Report 44, Federal Reserve Bank of Minneapolis. [Downloadable!]
    23. Javier Diaz-Gimenez & Edward C. Prescott, 1992. "Liquidity constraints in economies with aggregate fluctuations: a quantitative exploration," Staff Report 149, Federal Reserve Bank of Minneapolis. [Downloadable!]

  12. Kareken, John H & Wallace, Neil, 1978. "Deposit Insurance and Bank Regulation: A Partial-Equilibrium Exposition," Journal of Business, University of Chicago Press, vol. 51(3), pages 413-38, July. [Downloadable!] (restricted)

    Cited by:

    1. Edward S. Prescott, 2001. "Regulating bank capital structure to control risk," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 35-52. [Downloadable!]
    2. Richard J. Herring & Anthony M. Santomero, 2000. "What Is Optimal Financial Regulation?," Center for Financial Institutions Working Papers 00-34, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    3. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    4. Georges Dionne, 2003. "The Foundationsof Banks' Risk Regulation: A Review of Literature," THEMA Working Papers 2003-46, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    5. Xavier Freixas & Emmanuelle Gabillon, 1996. "Optimal Regulation of a Fully Insured Deposit Banking System," Economics Working Papers 175, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    6. Michael C. Keeley & Frederick T. Furlong, 1991. "A reexamination of mean-variance analysis of bank capital regulation ( reprinted from Journal of Banking and Finance)," Economic Review, Federal Reserve Bank of San Francisco, issue Sum, pages 40-48. [Downloadable!]
    7. Francisco González, 2004. "Do equity investments affect banks' profitability? Evidence from OECD countries," Applied Financial Economics, Taylor and Francis Journals, vol. 14(15), pages 1111-1124, October. [Downloadable!] (restricted)
    8. Stephen D. Williamson, 1998. "Discount Window Lending and Deposit Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 246-275, January. [Downloadable!] (restricted)
      Other versions:
    9. Arthur J. Rolnick & Warren E. Weber, 1982. "The Free Banking Era: new evidence on laissez-faire banking," Staff Report 80, Federal Reserve Bank of Minneapolis. [Downloadable!]
    10. Spiegel, Mark M., 1989. "Risk Aversion, Deposit Insurance, And Collective Action Problems Among Banks," Working Papers 89-03, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
    11. M. Martin Boyer & Jörg Schiller, 2003. "Merging Automobile Insurance Regulatory Bodies: The Case of Atlantic Canada," CIRANO Working Papers 2003s-70, CIRANO. [Downloadable!]
    12. Spiegel, Mark M., 1989. "Concerted Lending: Did Large Banks Bear The Burden?," Working Papers 89-24, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    13. Diwan, Ishac & Spiegel, Mark M., 1991. "Are Buybacks Back? Menu-Driven Debt-Reduction in Schemes with Heterogeneous Creditors," Working Papers 91-05, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
    14. Frederick T. Furlong & Michael C. Keeley, 1987. "Bank capital regulation and asset risk," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 20-40. [Downloadable!]
    15. Michael Crouhy & Dan Galai, 1984. "A New Look at the Theory of Financial Intermediation," University of California at Los Angeles, Anderson Graduate School of Management 1220, Anderson Graduate School of Management, UCLA. [Downloadable!]
    16. Frederick T. Furlong & Michael C. Keeley, 1991. "Capital regulation and bank risk-taking: a note (reprinted from Journal of Banking and Finance)," Economic Review, Federal Reserve Bank of San Francisco, issue Sum, pages 34-39. [Downloadable!]
    17. Edward S. Prescott, 2002. "Can risk-based deposit insurance premiums control moral hazard?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 87-100. [Downloadable!]
    18. Haitao Yin & Howard Kunreuther & Matthew White, 2009. "Risk-Based Pricing and Risk-Reducing Effort: Does the Private Insurance Market Reduce Environmental Accidents?," NBER Working Papers 15100, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    19. João Cabral dos Santos, 1995. "Bank capital and equity investment regulations," Working Paper 9515, Federal Reserve Bank of Cleveland. [Downloadable!]
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    20. Stéphanie Stolz, 2002. "The Relationship between Bank Capital, Risk-Taking, and Capital Regulation: A Review of the Literature," Kiel Working Papers 1105, Kiel Institute for the World Economy. [Downloadable!]
    21. Sule Ozler, 1988. "Commercial Bank Lending to Developing Countries: The Question of Overlending," UCLA Economics Working Papers 500, UCLA Department of Economics. [Downloadable!]
    22. Arthur J. Rolnick & Warren E. Weber, 1985. "Inherent instability in banking: the free banking experience," Working Papers 275, Federal Reserve Bank of Minneapolis. [Downloadable!]
    23. Arthur J. Rolnick & Warren E. Weber, 1982. "Free banking, wildcat banking, and shinplasters," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    24. João Santos, 1998. "Commercial Banks in the Securities Business: A Review," Journal of Financial Services Research, Springer, vol. 14(1), pages 35-60, July. [Downloadable!] (restricted)
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    25. Anthony M. Santomero & David L. Eckles, 2000. "The determinants of success in the new financial services environment: now that firms can do everything, what should they do and why should regulators care?," Economic Policy Review, Federal Reserve Bank of New York, issue Oct, pages 11-23. [Downloadable!]
    26. Greg Caldwell, 2005. "An Analysis of Closure Policy under Alternative Regulatory Structures," Working Papers 05-11, Bank of Canada. [Downloadable!]
    27. Kim, Kenneth A. & Rhee, S. Ghon, 2000. "A Note on Shareholder Oversight and the Regulatory Environment: The Japanese Banking Experience," CEI Working Paper Series 2000-2, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    28. Carmine DiNoia, 1994. "Structuring Deposit Insurance in Europe: Some Considerations and a Regulatory Game," Center for Financial Institutions Working Papers 94-31, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    29. Gianni De Nicolo, 2001. "Size, charter value, and risk in banking: an international perspective," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 197-215.
    30. David A. Marshall & Edward S. Prescott, 2000. "Bank capital regulation with and without state-contingent penalties," Working Paper Series WP-00-10, Federal Reserve Bank of Chicago. [Downloadable!]
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    31. Richard J. Herring & Anthony M. Santomero, 1991. "The Role of the Financial Sector in Economic Performance," Center for Financial Institutions Working Papers 95-08, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    32. Anthony M. Santomero, 1996. "The Regulatory and Public Policy Agenda for Effective Intermediation in Post Socialist Economies," Center for Financial Institutions Working Papers 96-34, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    33. Gianni De Nicolo, 2000. "Size, charter value and risk in banking: an international perspective," International Finance Discussion Papers 689, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    34. Asli Demirgüç-Kunt, 1991. "Principal-agent problems in commercial-bank failure decisions," Working Paper 9106, Federal Reserve Bank of Cleveland. [Downloadable!]
    35. Linda M. Hooks & Kenneth J. Robinson, 1996. "Moral hazard and Texas banking in the 1920s," Financial Industry Studies Working Paper 96-1, Federal Reserve Bank of Dallas. [Downloadable!]
    36. V.V. Chari, 1989. "Banking without deposit insurance or bank panics: lessons from a model of the U.S. national banking system," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 3-19. [Downloadable!]
    37. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    38. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1999. "Hedging and financial fragility in fixed exchange rate regimes," Working Paper Series WP-99-11, Federal Reserve Bank of Chicago. [Downloadable!]
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    39. Arthur J. Rolnick, 1987. "The benefits of bank deposit rate ceilings: new evidence on bank rates and risk in the 1920's," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 2-18. [Downloadable!]
    40. John Bryant & Neil Wallace, 1978. "Open-market operations in a model of regulated, insured intermediaries," Staff Report 34, Federal Reserve Bank of Minneapolis. [Downloadable!]
    41. Sule Ozler, 1988. "Evolution of Commerical Bank Lending to Developing Countries," UCLA Economics Working Papers 497, UCLA Department of Economics. [Downloadable!]
    42. John H. Boyd & Stanley L. Graham, 1988. "The profitability and risk effects of allowing bank holding companies to merge with other financial firms: a simulation study," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-20. [Downloadable!]
    43. Salvador Valdés & Alejandra Lomakin, 1988. "Percepción sobre la Garantía Estatal a los Depósitos Durante 1987 en Chile," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 25(75), pages 229-246. [Downloadable!]
    44. David C. Wheelock & Paul W. Wilson, 1993. "Explaining bank failures: deposit insurance, regulation, and efficiency," Working Papers 1993-002, Federal Reserve Bank of St. Louis. [Downloadable!]
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    45. Demirguc-Kunt, Asli, 1992. "Creditor country regulations and commercial bank lending to developing countries," Policy Research Working Paper Series 917, The World Bank. [Downloadable!]
    46. Robert B. Litterman, 1982. "Optimal control of the money supply," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
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    47. Anthony M Santomero & David L. Eckles, 2000. "The Determinants Of Success In the New Financial Services Environment: Now That Firms Can Do Everything, What Should They Do And Why Should Regulators Care?," Center for Financial Institutions Working Papers 00-32, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    48. Edda Zoli & Reza Vaez-Zadeh & Danyang Xie, 2002. "MODIS: A Market-Oriented Deposit Insurance Scheme," IMF Working Papers 02/207, International Monetary Fund. [Downloadable!]
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    49. Paul H. Kupiec & James M. O'Brien, 1997. "Deposit insurance, bank incentives, and the design of regulatory policy," Finance and Economics Discussion Series 1998-10, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    50. Gianni De Nicoló & John H. Boyd, 2003. "Bank Risk-Taking and Competition Revisited," IMF Working Papers 03/114, International Monetary Fund. [Downloadable!]
    51. Weber, Martin & Kleff, Volker, 2003. "How Do Banks Determine Capital? : Empirical Evidence for Germany," ZEW Discussion Papers 03-66, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
    52. G. Chiesa, 2001. "Competition and Regulation in Banking," Working Papers 397, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
    53. João dos Santos, 1997. "Securities activities in banking conglomerates: should their location be regulated?," Working Paper 9704, Federal Reserve Bank of Cleveland. [Downloadable!]
    54. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 14-23. [Downloadable!]
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    55. Diwan, Ishac & Demirguc-Kunt, Asli, 1990. "The menu approach to developing country external debt : an analysis of commercial banks'choice behavior," Policy Research Working Paper Series 530, The World Bank. [Downloadable!]
    56. Xiaozhong Liang, 2005. "The Behavior of Banks under the Deposit Insurance and Capital Requirements," Computing in Economics and Finance 2005 407, Society for Computational Economics. [Downloadable!]
    57. Christian Broda & Eduardo Levy Yeyati, 2003. "Endogenous deposit dollarization," Staff Reports 160, Federal Reserve Bank of New York. [Downloadable!]
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    58. Ben Craig, 1996. "Competing currencies: back to the future?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct 15. [Downloadable!]
    59. David C. Wheelock & Subal C. Kumbhaker, 1992. "The slack banker dances: deposit insurance and risk-taking in the banking collapse of the 1920s," Working Papers 1992-002, Federal Reserve Bank of St. Louis. [Downloadable!]
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    60. David C. Wheelock, 1991. "Regulation and bank failures: new evidence from the agricultural collapse of the 1920's," Working Papers 1991-006, Federal Reserve Bank of St. Louis. [Downloadable!]
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  13. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-54, April. [Downloadable!] (restricted)

    Cited by:

    1. Huayu Sun & Yue Ma, 2004. "Money and price relationship in China," Journal of Chinese Economic and Business Studies, Taylor and Francis Journals, vol. 2(3), pages 225-247, September. [Downloadable!] (restricted)
    2. N. Acocella & G. Bartolomeo & Andrew Hallett, 2006. "Controllability in Policy Games: Policy Neutrality and the Theory of Economic Policy Revisited," Computational Economics, Springer, vol. 28(2), pages 91-112, September. [Downloadable!] (restricted)
    3. David Eagle & Elizabeth Murff, 2005. "Logical Pitfalls of Assuming Bounded Solutions to Expectational Difference Equations," GE, Growth, Math methods 0501002, EconWPA. [Downloadable!]
    4. Thornton, Daniel L., 2000. "The relationship between the federal funds rate and the Fed's federal funds rate target : is it open market or open mouth operations?," Discussion Paper Series 1: Economic Studies 2000,09, Deutsche Bundesbank, Research Centre. [Downloadable!]
      Other versions:
    5. Robert G. King & Charles I. Plosser, 1984. "The Behavior of Money, Credit, and Prices in a Real Business Cycle," NBER Working Papers 0853, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Jean-Pascal Bénassy & Michel Guillard, 2005. "The Taylor principle and global determinacy in a non Ricardian world," PSE Working Papers 2005-50, PSE (Ecole normale supérieure). [Downloadable!]
    7. POLEMARCHAKIS, Heracles M. & ROCHON, CŽline, 1999. "Debt, liquidity and dynamics," CORE Discussion Papers 1999034, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    8. Matthew T. Holt & Stanley R. Johnson, 1988. "Bounded Price Variation, Rational Expectations, and Endogenous Switching in the U.S. Corn Market," Center for Agricultural and Rural Development (CARD) Publications 88-wp28, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
    9. Ali F. Darrat, 1988. "Rational Expectations and the Role of Monetary Policy: Some Tests Based on the Fisher Equation," Eastern Economic Journal, Eastern Economic Association, vol. 14(3), pages 211-219, Jul-Sep. [Downloadable!]
    10. Eric M. Leeper & Tao Zha, 2000. "Assessing simple policy rules: a view from a complete macro model," Working Paper 2000-19, Federal Reserve Bank of Atlanta. [Downloadable!]
    11. Timothy Kam, 2004. "Two-sided Learning and Optimal Monetary Policy in an Open Economy Model," Economics Discussion / Working Papers 04-07, The University of Western Australia, Department of Economics. [Downloadable!]
    12. G. Bloise & J.H. Dreze & H.M. Polemarchakis, 2002. "Money and Indeterminacy Over an Infinite Horizon," Working Papers 2002-12, Brown University, Department of Economics. [Downloadable!]
      Other versions:
    13. Kevin D. Hoover & Oscar Jorda, . "Measuring Systematic Monetary Policy," Department of Economics 00-05, California Davis - Department of Economics. [Downloadable!]
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    14. Carlos Mulas-Granados, 2003. "The Trade-Off between Growth & Equality and the Economic Impact of Alternative Fiscal Adjustment Strategies in the EU," European Economy Group Working Papers 20, European Economy Group. [Downloadable!]
    15. Benigno, Gianluca & Benigno, Pierpaolo, 2001. "Monetary Policy Rules and the Exchange Rate," CEPR Discussion Papers 2807, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    16. Peter Howells & Iris Biefang-Frisancho Mariscal, 2003. "Central Bank Transparency: A Market Indicator," Discussion Papers 0305, University of the West of England, Department of Economics. [Downloadable!]
    17. Mark Artis, 1993. "The Role of the Exchange Rate in Monetary Policy - the Experience of Other Countries," RBA Annual Conference Volume, in: Adrian Blundell-Wignall (ed.), The Exchange Rate, International Trade and the Balance of Payments Reserve Bank of Australia. [Downloadable!]
    18. Rodrigo Valdés, 1998. "Efectos de la Política Monetaria en Chile," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(104), pages 97-125. [Downloadable!]
    19. Seppo Honkapohja & Takatoshi Ito, 1979. "A Stochastic Approach to Disequilibrium Macroeconomics," NBER Technical Working Papers 0001, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    21. Alexander Meyer-Gohde, 2008. "The Natural Rate Hypothesis and Real Determinacy," SFB 649 Discussion Papers SFB649DP2008-054, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
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    33. Nicoletta Batini & Andrew G Haldane, . "Forward-looking rules for monetary policy," Bank of England working papers 91, Bank of England. [Downloadable!]
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    36. JUNCAL CUñNADO & FERNANDO PÉREZ DE GRACIA, 2003. "Sacrifice Ratios: some lessons from EMU countries, 1960-2001," International Review of Applied Economics, Taylor and Francis Journals, vol. 17(3), pages 327-337, July. [Downloadable!] (restricted)
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    44. Rodrigo Valdés, 1997. "Transmisión de Política Monetaria en Chile," Working Papers Central Bank of Chile 16, Central Bank of Chile. [Downloadable!]
    45. Nasir M. Khilji & Se-Young Bae, 1991. "Output Effects of Unanticipated Money Growth in Asia," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 451-461, Oct-Dec. [Downloadable!]
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    47. Marco A. Espinosa-Vega & Steven Russell, 1997. "History and theory of the NAIRU: a critical review," Economic Review, Federal Reserve Bank of Atlanta, issue Q 2, pages 4-25. [Downloadable!]
    48. Juncal Cuñado Eizaguirre & Fernando Pérez de Gracía Hidalgo, . "Tasa de sacrificio en la UEM: Un análisis empírico," Studies on the Spanish Economy 70, FEDEA. [Downloadable!]
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    50. Zheng Liu & Daniel F. Waggoner & Tao Zha, 2007. "Asymmetric expectation effects of regime shifts and the Great Moderation," Working Papers 653, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    51. Bennett T. McCallum, 1984. "Macroeconomics After a Decade of Rational Expectations: Some Critical Issues," NBER Working Papers 1050, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    53. Robert J. Barro, 1986. "Rules versus Discretion," NBER Working Papers 1473, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    55. Jean-Pascal Benassy, 2003. "Fiscal Policy and Optimal Monetary Rules in a non Ricardian Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 498-512, July. [Downloadable!] (restricted)
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    57. Mauro Boianovsky, 2006. "Woodford's Interest and Prices from the perspective of the history and methodology of economic thought: A mini-symposium," Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 28(2), pages 139-142, June. [Downloadable!] (restricted)
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    61. Peter J. Stemp, 1994. "The Application Of Monetary Policy Rules Under Uncertainty About Expectations Formation," International Economic Journal, Korean International Economic Association, vol. 8(4), pages 57-74, December. [Downloadable!] (restricted)
    62. Eagle, David, 2007. "Revealing the naked truth behind price determinacy, infinite-horizon rational expectations, and inflation targeting," MPRA Paper 1538, University Library of Munich, Germany, revised 22 Feb 2007. [Downloadable!]
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    66. Yunus Aksoy & Miguel A. Leon-Ledesma, 2004. "Interest Rates and Output in the Long Run," Money Macro and Finance (MMF) Research Group Conference 2004 92, Money Macro and Finance Research Group. [Downloadable!]
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    67. Ahsan Ul Haq Satti & Wasim Shahid Malik & Ghulam Saghir, 2007. "New Keynesian Phillips Curve for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 395-404. [Downloadable!]
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    69. John F. Cogan & Tobias Cwik & John B. Taylor & Volker Wieland, 2009. "New Keynesian versus Old Keynesian Government Spending Multipliers," Working Paper Series 1090, European Central Bank. [Downloadable!]
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    72. Boriss Siliverstovs, 2008. "Dynamic modelling of the demand for money in Latvia," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 8(1), pages 53-74, October. [Downloadable!]
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    75. Amir Kia & Ali F. Darrat, 2003. "Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability," Carleton Economic Papers 03-13, Carleton University, Department of Economics. [Downloadable!]
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    78. Bennett T. McCallum, 1988. "The Role of Demand Management in the Maintenance of Full Employment," NBER Working Papers 2520, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    79. J. Peter Neary & Joseph E. Stiglitz, 1984. "Towards A Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria," NBER Working Papers 0376, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    81. Charles T. Carlstrom & Timothy S. Fuerst, 2001. "Monetary policy and self-fulfilling expectations: the danger of forecasts," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 9-19. [Downloadable!]
    82. Antulio N. Bomfim & Francis X. Diebold, 1996. "Bounded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers," NBER Working Papers 5482, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    83. Acocella Nicola & Di Bartolomeo Giovanni, 2007. "Towards a new theory of economic policy: Continuity and innovation," wp.comunite 0020, Department of Communication, University of Teramo. [Downloadable!]
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    84. Seong Hyeon Whang, 2000. "Conservative Monetary Policy Rule And Inflation Mitigation Policies," International Economic Journal, Korean International Economic Association, vol. 14(3), pages 63-74, October. [Downloadable!] (restricted)
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    87. Luis-Felipe Zanna, 2006. "Fighting against currency depreciation, macroeconomic instability and sudden stops," International Finance Discussion Papers 848, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    88. John H. Cochrane, 1995. "What do the VARs Mean?: Measuring the Output Effects of Monetary Policy," NBER Working Papers 5154, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    89. Jean-Pascal Benassy, 2001. "The Phillips Curve and Optimal Policy in a Structural Signal Extraction Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 58-74, January. [Downloadable!] (restricted)
    90. Willem H. Buiter, 1981. "Granger-Causality and Stabilization Policy," NBER Technical Working Papers 0010, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    91. Marcus Hagedorn, 2007. "A Monetary Model with Strong Liquidity Effects," IEW - Working Papers iewwp353, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    92. Lars E. O. Svensson & Michael Woodford, 2003. "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Working Papers 9747, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    93. Chan G. Huh & Kevin J. Lansing, 1998. "Expectations, credibility, and disinflation in a small macroeconomic model," Working Papers in Applied Economic Theory and Econometrics 98-01, Federal Reserve Bank of San Francisco. [Downloadable!]
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    94. Bierens, H.J. & Broersma, L., 1991. "The relation between unemployment and interest rate : some international evidence," Serie Research Memoranda 0112, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
    95. Kenneth D. West, 1986. "Targeting Nominal Income: A Note," NBER Working Papers 1835, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    96. Roger Guesnerie, 2008. "Macroeconomic and monetary policies from the "eductive" viewpoint," PSE Working Papers 2008-24, PSE (Ecole normale supérieure). [Downloadable!]
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    97. Jean-Pascal Benassy, 2000. "Price Level Determinacy under a Pure Interest Rate Peg," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(1), pages 194-211, January. [Downloadable!] (restricted)
    98. Frederick van der Ploeg, 2005. "Back to Keynes?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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    99. Robert Dittmar & William T. Gavin, 2004. "Inflation-targeting, price-path targeting and indeterminacy," Working Papers 2004-007, Federal Reserve Bank of St. Louis. [Downloadable!]
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    100. Jacopo Cimadomo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank. [Downloadable!]
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    101. Peijie Wang, 2008. "A Spectral Analysis of Business Cycle Patterns in UK Sectoral Output," Working Papers 2008-FIN-02, IESEG School of Management. [Downloadable!]
    102. Robert J. Gordon, 1976. "The Theory of Domestic Inflation," Discussion Papers 250, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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    103. Robert Rennhack, 1991. "La Conducción de la Política Monetaria," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 28(83), pages 11-20. [Downloadable!]
    104. Acocella, Nicola & Di Bartolomeo, Giovanni & Hughes Hallett, Andrew, 2008. "When Can Central Banks Anchor Expectations? Policy communication and controllability," CEPR Discussion Papers 7078, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    105. Andreas Schabert, 2005. "Discretionary Policy, Multiple Equilibria, and Monetary Instruments," Tinbergen Institute Discussion Papers 05-098/2, Tinbergen Institute. [Downloadable!]
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    106. Warren E. Weber, 1984. "Output variability in an open-economy macro model with variance-dependent parameters," Staff Report 94, Federal Reserve Bank of Minneapolis. [Downloadable!]
    107. Marc Hofstetter, 2006. "La política monetaria y la Corte Constitucional: el caso del salario mínimo," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 105-124, January-J. [Downloadable!]
    108. David Eagle, 2005. "The Inflation Dynamics of Pegging Interest Rates," Macroeconomics 0502029, EconWPA. [Downloadable!]
    109. Adao, Bernardino & Correia, Maria Isabel Horta & Teles, Pedro, 2005. "Monetary Policy with Single Instrument Feedback Rules," CEPR Discussion Papers 4948, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    110. Berk, Jan Marc, 2001. "New economy, old central banks? Monetary transmission in a new economic environment," Serie Research Memoranda 0032, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
    111. Thomas J. Sargent, 1982. "Beyond demand and supply curves in macroeconomics," Staff Report 77, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    112. Gaetano Antinolfi & Costas Azariadis & James B. Bullard, 2007. "Monetary policy as equilibrium selection," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 331-342. [Downloadable!]
    113. Wookwan Rhee, 1988. "Interest Rates And Wage Indexation," International Economic Journal, Korean International Economic Association, vol. 2(2), pages 63-73, June. [Downloadable!] (restricted)
    114. António Afonso, 2002. "Disturbing the Fiscal Theory of the Price Level: Can it Fit the EU-15," Working Papers 2002/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
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    115. Le, Vo Phuong Mai & Minford, Patrick, 2007. "Calvo Contracts - Optimal Indexation in General Equilibrium," Cardiff Economics Working Papers E2007/8, Cardiff University, Cardiff Business School, Economics Section, revised Oct 2008. [Downloadable!]
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    116. Robert Garnett, 2006. "Paradigms and pluralism in heterodox economics," Review of Political Economy, Taylor and Francis Journals, vol. 18(4), pages 521-546, October. [Downloadable!] (restricted)
    117. Andrew B. Abel & Frederic S. Mishkin, 1983. "An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy," NBER Working Papers 0726, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    118. Willem H. Buiter & Marcus H. Miller, 1982. "Monetary Policy and International Competitiveness," NBER Working Papers 0591, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    119. Jean-Pascal Bénassy, 2005. "The fiscal theory of the price level puzzle: A non Ricardian view," PSE Working Papers 2005-48, PSE (Ecole normale supérieure). [Downloadable!]
    120. Robert J. Shiller, 1979. "Can the Fed Control Real Interest Rates?," NBER Working Papers 0348, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    121. Robert J. Barro & David B. Gordon, 1983. "A Positive Theory of Monetary Policy in a Natural-Rate Model," NBER Working Papers 0807, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    122. N. Gregory Mankiw, 1988. "Recent Developments in Macroeconomics: A Very Quick Refresher Course," NBER Working Papers 2474, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    123. John H. Cochrane, 2007. "Inflation Determination With Taylor Rules: A Critical Review," NBER Working Papers 13409, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    124. Chryssi Giannitsarou, 2003. "Heterogeneous Learning," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 885-906, October. [Downloadable!] (restricted)
    125. Truman F. Bewley, 1984. "Fiscal and Monetary Policy in a General Equilibrium Model," Cowles Foundation Discussion Papers 690, Cowles Foundation, Yale University. [Downloadable!]
    126. Schabert, Andreas, 2001. "Interest Rate Policy and the Price Puzzle in a Quantitative Business Cycle Model," Economics Series 95, Institute for Advanced Studies. [Downloadable!]
    127. Stefan Laséen & Lars E.O. Svensson, 2009. "Anticipated Alternative Instrument-Rate Paths in Policy Simulations," NBER Working Papers 14902, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    128. Mordecai Kurz (contact author) & Hehui Jin & Maurizio Motolese, 2003. "The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy," CFS Working Paper Series 2003/42, Center for Financial Studies. [Downloadable!]
    129. Maria-Josée Gutierrez & Jésus Vasquez, 2002. "Present Value Models with Feedback: Dynamic Properties of Alternative RE Equilibria," Annales d'Economie et de Statistique, ADRES, issue 67-68, pages 06, Juillet-D. [Downloadable!]
    130. Ben S. Bernanke & Ilian Mihov, 1996. "What Does the Bundesbank Target?," NBER Working Papers 5764, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    131. Malcom Edey, 1997. "The Debate on Alternatives for Monetary Policy in Australia," RBA Annual Conference Volume, in: Philip Lowe (ed.), Monetary Policy and Inflation Targeting Reserve Bank of Australia. [Downloadable!]
    132. Bennett T. McCallum, 1998. "Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination," NBER Working Papers 6456, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    133. Patricia Bonini, 2004. "New Macroeconomics and Credibility Analysis," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 5(2), pages 341-359. [Downloadable!]
    134. Jerome Creel & Etienne Farvaque, 2008. "Détermination du niveau des prix et finances publiques : le cas du Liban, 1965-2005," Documents de Travail de l'OFCE 2008-14, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
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    135. Marvin Goodfriend, 2007. "How the World Achieved Consensus on Monetary Policy," NBER Working Papers 13580, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    136. Michael Dotsey & Andreas Hornstein, 2008. "On the implementation of Markov-perfect interest rate and money supply rules: global and local uniqueness," Working Papers 08-30, Federal Reserve Bank of Philadelphia. [Downloadable!]
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    137. Jean-Pascal Benassy, 2005. "Interest Rate Rules, Price Determinacy and the Value of Money in a non Ricardian World," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(3), pages 651-667, July. [Downloadable!] (restricted)
    138. Le, Vo Phuong Mai & Minford, Patrick, 2007. "Optimising Indexation Arrangements under Calvo Contracts and their Implications for Monetary Policy," CEPR Discussion Papers 6325, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    139. Minford, Patrick & Peel, David, 2004. "Calvo Contracts: A Critique," CEPR Discussion Papers 4288, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    140. Philip Arestis & Alexander Mihailov, 2007. "Flexible Rules cum Constrained Discretion: A New Consensus in Monetary Policy," Economics & Management Discussion Papers em-dp2007-53, Henley Business School, Reading University. [Downloadable!]
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    141. David Altig & Charles T. Carlstrom & Kevin J. Lansing, 1995. "Computable general-equilibrium models and monetary policy advice," Working Paper 9503, Federal Reserve Bank of Cleveland. [Downloadable!]
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    142. Paul Levine & Peter McAdam & Joseph Pearlman, 2007. "Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution," International Journal of Central Banking, International Journal of Central Banking, vol. 3(4), pages 77-110, December. [Downloadable!]
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    143. Francisco Lopes, 1982. "Rational expectations, discrete price setting and the role of monetary policy," Textos para discussão 28, Department of Economics PUC-Rio (Brazil). [Downloadable!]
    144. Robert L. Hetzel, 1986. "A critique of theories of money stock determination," Working Paper 86-06, Federal Reserve Bank of Richmond. [Downloadable!]
    145. Campbell Leith & Simon Wren-lewis, 2006. "Fiscal Stabilisation Policy and Fiscal Institutions," WEF Working Papers 0007, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
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    146. Joseph E. Gagnon & Dale W. Henderson, 1988. "Nominal interest rate pegging under alternative expectations hypotheses," International Finance Discussion Papers 336, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    147. Thomas J. Sargent, 1975. "The observational equivalence of natural and unnatural rate theories of macroeconomics," Working Papers 48, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    148. Klaus Masuch & Sergio Nicoletti-Altimari & Massimo Rostagno & Huw Pill, 2003. "The role of money in monetary policymaking," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy in a changing environment, volume 19, pages 158-191 Bank for International Settlements. [Downloadable!]
    149. Bennett T. McCallum & Edward Nelson, 2000. "An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis," NBER Working Papers 5875, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    150. Michael Dotsey & Jed L. DeVaro, 1995. "Was the disinflation of the early 1980's anticipated?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 41-60. [Downloadable!]
    151. Andrew G Haldane, 1997. "Designing Inflation Targets," RBA Annual Conference Volume, in: Philip Lowe (ed.), Monetary Policy and Inflation Targeting Reserve Bank of Australia. [Downloadable!]
    152. David Eagle, 2005. "Price Indeterminacy Reinvented: Pegging Interest Rates While Targeting Prices, Inflation, or Nominal Income," Macroeconomics 0501028, EconWPA. [Downloadable!]
    153. Jan Marc Berk, 2002. "New Economy, Old Central Banks?," Tinbergen Institute Discussion Papers 02-087/2, Tinbergen Institute, revised 01 Aug 2002. [Downloadable!]
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    154. DRéZE, Jacques, 2001. "Indeterminateness of equilibria and macroeconomics," CORE Discussion Papers 2001058, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    155. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Tinbergen And Theil Meet Nash: Controllability In Policy Games," Macroeconomics 0504036, EconWPA, revised 06 Sep 2005. [Downloadable!]
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    156. Robert L. Hetzel, 2004. "How do central banks control inflation?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 46-63. [Downloadable!]
    157. Zijp, R. van, 1990. "New classical monetary business cycle theory," Serie Research Memoranda 0058, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
    158. Peter N. Ireland, 2005. "The Monetary Transmission Mechanism," Boston College Working Papers in Economics 628, Boston College Department of Economics. [Downloadable!]
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    159. Chadha, J.S. & Nolan, C., 2003. "On the Interaction of Monetary and Fiscal Policy," Cambridge Working Papers in Economics 0303, Faculty of Economics, University of Cambridge. [Downloadable!]
    160. Kasumovick, M., 1996. "Interpreting Money-Spply and Interest-Rate Sgocks as Monetary-Policy Shocks," Working Papers 96-8, Bank of Canada. [Downloadable!]
    161. Bernardino Adão & Isabel Correia & Pedro Teles, 2004. "Monetary policy with state contingent interest rates," Working Paper Series WP-04-26, Federal Reserve Bank of Chicago. [Downloadable!]
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    162. Rösl, Gerhard, 2006. "Regionalwährungen in Deutschland: Lokale Konkurrenz für den Euro?," Discussion Paper Series 1: Economic Studies 2006,43, Deutsche Bundesbank, Research Centre. [Downloadable!]
    163. Michael Dotsey & Andreas Hornstein, 2007. "Interest rate versus money supply instruments: on the implementation of Markov-perfect optimal monetary policy," Working Papers 07-27, Federal Reserve Bank of Philadelphia. [Downloadable!]
    164. David Neumark & Jonathan S. Leonard, 1992. "Inflation Expectations and the Structural Shift in Aggregate Labor-Cost Determination in the 1980s," NBER Working Papers 4018, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    165. Grant Spencer & Ozer Karagedikli, 2006. "Modelling for monetary policy: the New Zealand experience," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 8p., June. [Downloadable!]
    166. Óscar J. Arce, 2006. "Speculative hyperinflations: when can we rule them out?," Banco de España Working Papers 0607, Banco de España. [Downloadable!]
    167. Michael Dotsey & Robert G. King, 1983. "Monetary Instruments and Policy Rules in a Rational Expectations Environment," NBER Working Papers 1114, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    168. Young Geol Lee & Ben-Zlon Zllberfarb, 1993. "Unanticipated Money, Output, Employment And Prices In A Develoing Economy: The Korean Case," International Economic Journal, Korean International Economic Association, vol. 7(2), pages 15-25, June. [Downloadable!] (restricted)
    169. Bloise, Gaetano & Reichlin, Pietro, 2006. "Long-Term Public Debt and the Fiscal Theory of the Price Level," CEPR Discussion Papers 5479, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    170. Christina D. Romer & David H. Romer, 2000. "Federal Reserve Information and the Behavior of Interest Rates," American Economic Review, American Economic Association, vol. 90(3), pages 429-457, June. [Downloadable!] (restricted)
    171. Joe Peek & Eric S. Rosengren & Geoffrey M. B. Tootell, 1998. "Does the Federal Reserve have an informational advantage? you can bank on it," Working Papers 98-2, Federal Reserve Bank of Boston. [Downloadable!]
    172. Benjamin M. Friedman, 1980. "Price Inflation, Portfolio Choice, and Nominal Interest Rates," NBER Working Papers 0235, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    173. Bierens, H.J., 1986. "Armax model specification testing, with an application to unemployment in the Netherlands," Serie Research Memoranda 0026, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
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    174. Óscar J. Arce, 2005. "Reflections on fiscalist divergent price-paths," Banco de España Working Papers 0533, Banco de España. [Downloadable!]
    175. Robert L. Hetzel, 2008. "What is the monetary standard, or, how did the Volcker-Greenspan FOMCs tame inflation?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 147-171. [Downloadable!]
    176. W.H. Verhagen, 2002. "Interest Rate Stepping, Interest Rate Smoothing and Uncertainty: Some Views from the Literature," WO Research Memoranda (discontinued) 683, Netherlands Central Bank, Research Department. [Downloadable!]
    177. Thierry Warin, 2006. "From Full Employment to the Natural Rate of Unemployment: A Survey," Middlebury College Working Paper Series 0601, Middlebury College, Department of Economics. [Downloadable!]
    178. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Non-neutrality of economic policy: An application of the Tinbergen-Theil's approach to a strategic context," Working Papers 82, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
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    179. Benjamin M. Friedman, 1989. "Monetary Policy Without Quantity Variables," NBER Working Papers 2552, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    180. Joe Peek & Eric S. Rosengren & Geoffrey M.B. Tootell, 1997. "Is banking supervision central to central banking?," Working Papers 97-3, Federal Reserve Bank of Boston. [Downloadable!]
    181. Felipe Larraín & Aníbal Larraín, 1988. "El Caso del Dinero Desaparecido Chile 1984-1986," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 25(75), pages 247-282. [Downloadable!]
    182. John H. Cochrane, 1998. "Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level," NBER Working Papers 6771, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    183. Bennett T. McCallum, 2001. "Monetary Policy Analysis in Models Without Money," NBER Working Papers 8174, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    184. Broersma, L., 1991. "The relation between unemployment and interest rate : application of an ARX approach," Serie Research Memoranda 0057, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
    185. Willem H. Buiter & Jonathan Eaton, 1986. "Policy Decentralization and Exchange Rate Management in Interdependent Economies," NBER Working Papers 0531, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    186. Benjamin M. Friedman, 2000. "The Role of Interest Rates in Federal Reserve Policymaking," NBER Working Papers 8047, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    187. N. Gregory Mankiw, 1991. "A Quick Refresher Course in Macroeconomics," NBER Working Papers 3256, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    188. Jennifer L. Castle & David F. Hendry, 2007. "Forecasting UK Inflation: the Roles of Structural Breaks and Time Disaggregation," Economics Series Working Papers 309, University of Oxford, Department of Economics. [Downloadable!]
    189. Preston J. Miller & Arthur J. Rolnick, 1979. "The CBO's policy analysis: an unquestionable misuse of a questionable theory," Staff Report 49, Federal Reserve Bank of Minneapolis. [Downloadable!]
    190. Gianluca Benigno & Pierpaolo Benigno & Fabio Ghironi, 2000. "Interest Rate Rules for Fixed Exchange Rate Regimes," Boston College Working Papers in Economics 468, Boston College Department of Economics, revised 13 Oct 2003. [Downloadable!]
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    191. Thierry Warin, 2005. "Monetary Policy: From Theory to Practices," Middlebury College Working Paper Series 0508, Middlebury College, Department of Economics. [Downloadable!]
    192. Tom Cargill & Federico Guerrero, 2006. "A Reassessment of the Problems with Interest Targeting: What Have We Learned from Japanese Monetary Policy?," Working Papers 06-010, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]
    193. Jose Vinals & Javier Valles, 1999. "On the real effects of monetary policy: a central banker's view," Working Papers 38, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
    194. James B. Bullard & Eric Schaling, 2006. "Monetary policy, determinacy, and learnability in a two-block world economy," Working Papers 2006-038, Federal Reserve Bank of St. Louis. [Downloadable!]
    195. John B. Taylor, 1984. "The Role of Expectations in the Choice of Monetary Policy," NBER Working Papers 1044, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    196. Dominique M. Gross, 1989. "Structural Shifts and Unemployment in Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 125(II), pages 113-133, June. [Downloadable!]
    197. Kevin Clinton, 2006. "Wicksell at the Bank of Canada," Working Papers 1087, Queen's University, Department of Economics. [Downloadable!]
    198. Giorgio Pizzutto, 1998. "La Teoria Fiscale dei Prezzi In un'Economia Aperta," Departemental Working Papers 1998-07, Department of Economics University of Milan Italy. [Downloadable!]
    199. Jean-Pascal Bénassy, 1999. "On the Optimality of Activist Policies with a Less Informed Government," Discussion Papers of DIW Berlin 186, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    200. Benjamin M. Friedman, 2000. "The role of interest rates in Federal Reserve policymaking," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue Oct, pages 43-66. [Downloadable!]
    201. Thierry Warin, 2006. "A Note on Post-Modern Monetary Policy," Middlebury College Working Paper Series 0617, Middlebury College, Department of Economics. [Downloadable!]
    202. Willem H. Buiter, 1987. "The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach," NBER Working Papers 2333, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    203. Guillermo A. Calvo & Carmen M. Reinhart, 2000. "Fixing for Your Life," NBER Working Papers 8006, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    204. Robert J. Barro, 1989. "New Classicals and Keynesians, or the Good Guys and the Bad Guys," NBER Working Papers 2982, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  14. Sargent, Thomas J & Wallace, Neil, 1974. "The Elasticity of Substitution and Cyclical Behavior of Productivity, Wages, and Labor's Share," American Economic Review, American Economic Association, vol. 64(2), pages 257-63, May. [Downloadable!] (restricted)

    Cited by:

    1. Thomas J. Sargent, 1978. "Estimation of dynamic labor demand schedules under rational expectations," Staff Report 27, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    2. Yash Mehra, 1982. "Real Wages and Employment: Evidence from Disaggregated Data," Eastern Economic Journal, Eastern Economic Association, vol. 8(3), pages 191-196, Jul-Sep. [Downloadable!]

  15. Muench, Thomas & Wallace, Neil, 1974. "On Stabilization Policy: Goals and Models," American Economic Review, American Economic Association, vol. 64(2), pages 330-37, May. [Downloadable!] (restricted)

    Cited by:

    1. Timmer, C. Peter, 1986. "Private Decisions and Public Policy: The Price Dilemma in Food Systems in Developing Countries," Food Security III Papers 11419, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
    2. Pedro Garcia Duarte, 2005. "A FEASIBLE AND OBJECTIVE CONCEPT OF OPTIMALITY: THE QUADRATIC LOSS FUNCTION AND U. S. MONETARY POLICY IN THE 1960's," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 016, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    3. Preston J. Miller & Arthur J. Rolnick, 1979. "The CBO's policy analysis: an unquestionable misuse of a questionable theory," Staff Report 49, Federal Reserve Bank of Minneapolis. [Downloadable!]

  16. Sargent, Thomas J & Wallace, Neil, 1973. "The Stability of Models of Money and Growth with Perfect Foresight," Econometrica, Econometric Society, vol. 41(6), pages 1043-48, November. [Downloadable!] (restricted)

    Cited by:

    1. Sergey Pekarski, 2007. "Budget deficits and inflation feedback," Working Papers WP13_2007_12, Laboratory for Macroeconomic Analysis. [Downloadable!]
    2. Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall. [Downloadable!]
    3. Ana Lamo & Julian Messina & Etienne Wasmer, 2007. "Are Specific Skills an Obstacle to Labor Market Adjustment? Theory and an Application to the EU Enlargement," CSEF Working Papers 172, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
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    4. Iwamoto, Yasushi, 2005. "Monetary and Fiscal Policy to Escape from a Deflationary Trap," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 23(1), pages 1-46, February. [Downloadable!]
    5. Neil Wallace, 1977. "Samuelson's pure consumption loans model with constant returns-to-scale storage," Staff Report 23, Federal Reserve Bank of Minneapolis. [Downloadable!]
    6. Carl Chiarella & Peter Flaschel & Willi Semmler, 2001. "Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient," Working Paper Series 111, School of Finance and Economics, University of Technology, Sydney. [Downloadable!]
    7. Tornell, Aaron & Velasco, Andres, 1995. "Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline," Working Papers 95-06, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
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    8. David Lipton & James M. Poterba & Jeffrey Sachs & Lawrence H. Summers, 1983. "Multiple Shooting in Rational Expectations Models," NBER Technical Working Papers 0003, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Carlos Rodriguez, 1978. "A simple Keynesian model of inflation and unemployment under rational expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 114(1), pages 1-11, March. [Downloadable!] (restricted)
    10. Edmund Phelps, 1978. "Disinflation without recession: Adaptive guideposts and monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 114(4), pages 783-809, December. [Downloadable!] (restricted)
    11. Tom Kompas & Omar Abdel-Razeq, 2001. "A Simple Monetary Growth Model with Variable Rates of Time Preference," Finance Working Papers 582, East Asian Bureau of Economic Research. [Downloadable!]
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    12. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2003. "Government Finance in the Wake of Currency Crises," RCER Working Papers 501, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
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    13. Maurice Obstfeld & Kenneth Rogoff, 1983. "Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?," NBER Working Papers 0855, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    14. T. Asada & P. Chen, 2004. "Keynesian Dynamics and the wage price spiral. A baseline disequilibrium approach," Computing in Economics and Finance 2004 262, Society for Computational Economics. [Downloadable!]
      Other versions:
    15. M. Streit & D. Schneider & T. Tietenberg & R. Kollmann & C. Chiarella & R. Bommer & E. Plassmann & V. Valli, 1996. "Book reviews," Journal of Economics, Springer, vol. 63(2), pages 213-235, June. [Downloadable!] (restricted)
      Other versions:
      • B. Balk & H. Lorenz & J. Whalley & V. Valli & M. Kräkel, 1999. "Book reviews," Journal of Economics, Springer, vol. 69(1), pages 96-111, February. [Downloadable!] (restricted)
    16. Rusdu Saracoglu & Thomas J. Sargent, 1976. "Seasonality and portfolio balance under rational expectations," Working Papers 58, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    17. Maurice Obstfeld, 1982. "Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight," NBER Working Papers 0685, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Maurice Obstfeld & Alan C. Stockman, 1985. "Exchange-Rate Dynamics," NBER Working Papers 1230, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    19. Bennett T. McCallum, 1998. "Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination," NBER Working Papers 6456, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    20. Peter M. Garber, 1981. "The Lender of Last Resort and the Run on the Savings and Loans," NBER Working Papers 0823, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    21. Jean-Pierre Laffargue, 1990. "Résolution d'un modèle macroéconomique avec anticipations rationnelles," Annales d'Economie et de Statistique, ADRES, issue 17, pages 04, Janvier-M. [Downloadable!]
    22. Thomas Christiaans, 2001. "Economic Growth, the Mathematical Pendulum, and a Golden Rule of Thumb," Volkswirtschaftliche Diskussionsbeitraege 94-01, Universität Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht. [Downloadable!]
    23. Bennett T. McCallum, 1983. "On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective," NBER Working Papers 0684, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    24. Peter Bernholz & Hans Jaksch, 1989. "An implausible theory of inflation," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 125(2), pages 359-365, June. [Downloadable!] (restricted)
    25. Carl Chiarella & Peter Flaschel & Reiner Franke & Willi Semmler, 2003. "Output and the Term Structure of Interest Rates: Ways Out of th Jump-Variable Conundrum," Working Paper Series 125, School of Finance and Economics, University of Technology, Sydney. [Downloadable!]
    26. Toichiro Asada & Pu Chen & Carl Chiarella & Peter Flaschel, 2004. "Keynesian Dynamics and the Wage-Price Spiral: A Baseline Disequilibrium Model," Working Paper Series 139, School of Finance and Economics, University of Technology, Sydney. [Downloadable!]
      Other versions:
    27. Stephen J. Turnovsky, 2008. "Stabilization Theory and Policy: 50 Years after the Phillips Curve," Working Papers UWEC-2008-09, University of Washington, Department of Economics. [Downloadable!]
    28. Federico Guerrero, 2006. "Long-Term Inflation Outcomes after Hyperinflation: Theory and Evidence," Working Papers 06-015, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]

  17. Kareken, John H & Muench, Thomas & Wallace, Neil, 1973. "Optimal Open Market Strategy: The Use of Information Variables," American Economic Review, American Economic Association, vol. 63(1), pages 156-72, March. [Downloadable!] (restricted)

    Cited by:

    1. Willem H. Buiter, 1979. "Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models," NBER Working Papers 0335, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Svensson, Lars E. O., 1999. "Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability," Working Paper Series 91, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    3. Lars E.O. Svensson, 1999. "Monetary Policy Issues for the Eurosystem," NBER Working Papers 7177, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Benjamin M. Friedman, 1984. "The Roles of Money and Credit in Macroeconomic Analysis," NBER Working Papers 0831, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Bennett T. McCallum & James G. Hoehn, 1982. "Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations," NBER Working Papers 0893, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Guenter Coenen & Andrew Levin & Volker Wieland, 2003. "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series 2003/07, Center for Financial Studies. [Downloadable!]
      Other versions:
    7. Svensson, Lars, 1999. "How Should Monetary Policy Be Conducted in an Era of Price Stability," Seminar Papers 680, Stockholm University, Institute for International Economic Studies. [Downloadable!]
      Other versions:
    8. Svensson, Lars E O, 1999. "Does the P* Model Provide Any Rationale for Monetary Targeting?," CEPR Discussion Papers 2198, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    9. Benjamin M. Friedman, 1991. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Gerlach, Stefan & Svensson, Lars E O, 2002. "Money and Inflation in the Euro-Area: A Case for Monetary Indicators?," CEPR Discussion Papers 3392, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    11. Charles Freedman, 1981. "Monetary Aggregates as Targets: Some Theoretical Aspects," NBER Working Papers 0775, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Warwick J. McKibbin & Kanhaiya Singh, 2000. "Issues in the Choice of a Monetary Regime for India," ASARC Working Papers 2000-01, Australian National University, Australia South Asia Research Centre. [Downloadable!]
    13. Thomas J. Sargent & Neil Wallace, 1974. "Rational expectations and the theory of economic policy," Working Papers 29, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    14. Benjamin M. Friedman, 1985. "The Value of Intermediate Targets in Implementing Monetary Policy," NBER Working Papers 1487, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    15. R. W. Hafer, 1984. "Money, debt and economic activity," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 18-25. [Downloadable!]
    16. Benjamin M. Friedman & Kenneth N. Kuttner, 1992. "Money, Income and Prices After the 1980s," NBER Working Papers 2852, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. Benjamin M. Friedman, 1989. "Monetary Policy Without Quantity Variables," NBER Working Papers 2552, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    18. Preston J. Miller & Arthur J. Rolnick, 1979. "The CBO's policy analysis: an unquestionable misuse of a questionable theory," Staff Report 49, Federal Reserve Bank of Minneapolis. [Downloadable!]
    19. Tong Hun Lee & Hoyoung Hwang, 2001. "Money, Interest Rate And Foreign Exchange Rate As Indicator Variables Of Monetary Policy," International Economic Journal, Korean International Economic Association, vol. 15(2), pages 77-98, June. [Downloadable!] (restricted)
    20. Preston J. Miller, 1981. "Economic stabilization policy: a survey," Staff Report 68, Federal Reserve Bank of Minneapolis. [Downloadable!]

  18. Sargent, Thomas J & Wallace, Neil, 1973. "Rational Expectations and the Dynamics of Hyperinflation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 328-50, June. [Downloadable!] (restricted)

    Cited by:

    1. David Peel & Ivan Paya & Ioannis A. Venetis, 2009. "ESTAR model with multiple fixed points. Testing and Estimation," Working Papers 005916, Lancaster University Management School, Economics Department. [Downloadable!]
    2. Sergey Pekarski, 2007. "Budget deficits and inflation feedback," Working Papers WP13_2007_12, Laboratory for Macroeconomic Analysis. [Downloadable!]
    3. M. Fase, 2007. "Notes and Communications," De Economist, Springer, vol. 155(2), pages 221-238, June. [Downloadable!] (restricted)
    4. Inchul Noh, 1988. "Test Of Rationality Of Adaptive Expectations In The German Hyperinflation," International Economic Journal, Korean International Economic Association, vol. 2(1), pages 39-52, April. [Downloadable!] (restricted)
    5. Bennett T. McCallum & Edward Nelson, 2006. "Monetary and fiscal theories of the price level: the irreconcilable differences," Working Papers 2006-010, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    6. Jean-Claude Maswana, 2005. "Assessing the Money, Exchange Rate, Price Links during Hyperinflationary Episodes in the Democratic Republic of the Congo," Development and Comp Systems 0511023, EconWPA. [Downloadable!]
      Other versions:
    7. Albert Marcet & Thomas J. Sargent, 1992. "Speed of Convergence of Recursive Least Squares Learning with ARMA Perceptions," Economics Working Papers 15, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    8. Gail E. Makinen & G. Thomas Woodward, 1988. "The Transition from Hyperinflation to Stability: Some Evidence," Eastern Economic Journal, Eastern Economic Association, vol. 14(1), pages 19-26, Jan-Mar. [Downloadable!]
    9. Nielsen, Bent, 2008. "On the Explosive Nature of Hyper-Inflation Data," Economics Discussion Papers 2008-9, Kiel Institute for the World Economy. [Downloadable!]
      Other versions:
    10. George W. Evans & Seppo Honkapohja & Kaushik Mitra, 2007. "Anticipated Fiscal Policy and Adaptive Learning," University of Oregon Economics Department Working Papers 2007-5, University of Oregon Economics Department, revised 13 Dec 2008. [Downloadable!]
      Other versions:
    11. Richard C.K. Burdekin & Hsin-hui I. H. Whited, 2001. "Exporting Hyperinflation: The Long Arm of Chiang Kai-shek," Claremont Colleges Working Papers 2001-18, Claremont Colleges. [Downloadable!]
      Other versions:
    12. Thomas J. Sargent, 1976. "Econometric exogeneity and alternative estimators of portfolio balance schedules for hyperinflations: a note," Working Papers 79, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    13. Alexandre Sokic, 2007. "Monetary hyperinflations, speculative hyperinflations and modelling the use of money," Working Papers of BETA 2007-05, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
      Other versions:
    14. Lars Peter Hansen & Thomas J. Sargent, 1990. "Recursive Linear Models of Dynamic Economies," NBER Working Papers 3479, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Juan Carlos Cuestas & Estefanía Mourelle, 2009. "Inflation persistence and asymmetries: evidence for African countries," Working Papers 2009/2, Nottingham Trent University, Nottingham Business School, Economics Division. [Downloadable!]
    16. Pierre L. Siklos, 1990. "The Transition from Hyperinflation to Price Stability: Further Evidence," Eastern Economic Journal, Eastern Economic Association, vol. 16(1), pages 65-69, Jan-Mar. [Downloadable!]
      Other versions:
    17. Dimitris Georgoutsos & George Kouretas, 2000. "A Multivariate I(2) Cointegration Analysis Of German Hyperinflation," Working Papers 0001, University of Crete, Department of Economics, revised 00 Jul 2001. [Downloadable!]
      Other versions:
    18. Erwin W. Heri, 1986. "Irrationales rational gesehen: Eine Übersicht über die Theorie der "Bubbles"," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 122(II), pages 163-186, June. [Downloadable!]
    19. RUGE-MURCIA, Francisco J., 1997. "Credibility and Signaling in Disinflation- a Cross Country Examination," Cahiers de recherche 9712, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
    20. Dai, Meixing, 1998. "Les effets stabilisants de la zone-cible du taux d’inflation
      [The stabilising effects of inflation-targeting zone]      ," MPRA Paper 13856, University Library of Munich, Germany, revised Nov 2001. [Downloadable!]
    21. Pedro Garcia Duarte, 2005. "A FEASIBLE AND OBJECTIVE CONCEPT OF OPTIMALITY: THE QUADRATIC LOSS FUNCTION AND U. S. MONETARY POLICY IN THE 1960's," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 016, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    22. Jesús Vazquez, 1995. "The relative importance of inflation and currency depreciation in the demand for money: an application of the estimation by simulation method to the German hyperinflation," Investigaciones Economicas, Fundación SEPI, vol. 19(2), pages 269-289, May. [Downloadable!]
    23. Lawrence J. Christiano, 1980. "The term structure of interest rates and the aliasing identification problem," Working Papers 165, Federal Reserve Bank of Minneapolis. [Downloadable!]
    24. Thomas J. Sargent, 1976. "The demand for money during hyperinflations under rational expectations: II," Working Papers 60, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    25. Joseph Bisignano & Kevin D. Hoover, 1982. "Monetary and fiscal impacts on exchange rates," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 19-36. [Downloadable!]
    26. Harashima, Taiji, 2008. "A Microfounded Mechanism of Observed Substantial Inflation Persistence," MPRA Paper 10668, University Library of Munich, Germany. [Downloadable!]
    27. Zvi Eckstein & Leonardo Leiderman, 1991. "Seigniorage and the welfare cost of inflation: evidence from an intertemporal model of money and consumption," Discussion Paper / Institute for Empirical Macroeconomics 40, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    28. Evens SALIES & Peter MOFFATT, 2004. "A note on the modelling of hyper-inflations," Econometrics 0406002, EconWPA. [Downloadable!]
    29. Robert P. Flood & Robert J. Hodrick & Paul Kaplan, 1986. "An Evaluation of Recent Evidence on Stock Market Bubbles," NBER Working Papers 1971, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    30. Peter Moffatt & Evens Salies, 2003. "A note on the modelling of hyper-inflations," City University Economics Discussion Papers 03/02, Department of Economics, City University, London. [Downloadable!]
    31. Sumru Altug, 2004. "Notes on Hyperinflations," Working Papers 2004/10, Turkish Economic Association. [Downloadable!]

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