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Citations for "An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version"

by Julio J. Rotemberg & Michael Woodford

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  1. Ivan Petrella & Emiliano Santoro, . "Optimal Monetary Policy with Durable Consumption Goods and Factor Demand Linkages," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics 2009-04, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, revised May 2009.
  2. Michael T. Kiley, 1997. "Staggered price setting and real rigidities," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 1997-46, Board of Governors of the Federal Reserve System (U.S.).
  3. Roy Cromb & Emilio Fernandez-Corugedo, 2004. "Long-term interest rates, wealth and consumption," Bank of England working papers, Bank of England 243, Bank of England.
  4. Aoki, Kosuke & Nikolov, Kalin, 2005. "Rule-Based Monetary Policy Under Central Banking Learning," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5056, C.E.P.R. Discussion Papers.
  5. Ulf Soderstrom & Richard Dennis, 2003. "How Important is Precommitment for Monetary Policy?," Computing in Economics and Finance 2003, Society for Computational Economics 49, Society for Computational Economics.
  6. repec:rdg:wpaper:em-dp2007-47 is not listed on IDEAS
  7. Benigno, Pierpaolo, 2009. "Are valuation effects desirable from a global perspective?," Journal of Development Economics, Elsevier, Elsevier, vol. 89(2), pages 170-180, July.
  8. Fabio Ghironi, 2000. "Understanding Macroeconomic Interdependence: Do We Really Need to Shut Off the Current Account?," Boston College Working Papers in Economics, Boston College Department of Economics 465, Boston College Department of Economics, revised 14 Aug 2003.
  9. Oliver Grimm & Stefan Ried, 2007. "Macroeconomic Policy in a Heterogeneous Monetary Union," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 07/67, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  10. Ignazio Angeloni & Anil K. Kashyap & Benoit Mojon & Daniele Terlizzese, 2003. "The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S," NBER Working Papers 9985, National Bureau of Economic Research, Inc.
  11. Lindé, Jesper, 2001. "Estimating New-Keynesian Phillips Curves: A Full Information Maximum Likelihood Approach," Working Paper Series 129, Sveriges Riksbank (Central Bank of Sweden), revised 30 Apr 2001.
  12. Marco P. Tucci, 2009. "How Robust is Robust Control in the Time Domain?," Department of Economics University of Siena, Department of Economics, University of Siena 569, Department of Economics, University of Siena.
  13. Christopher Erceg & Luca Guerrieri & Christopher Gust, 2006. "Trade adjustment and the composition of trade," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 859, Board of Governors of the Federal Reserve System (U.S.).
  14. Rodrigo Caputo, 2009. "External Shocks and Monetary Policy. Does it Pay to Respond to Exchange Rate Desviations?," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines, vol. 24(1), pages 55-99, Junio.
  15. Benigno, Pierpaolo, 2002. "A simple approach to international monetary policy coordination," Journal of International Economics, Elsevier, Elsevier, vol. 57(1), pages 177-196, June.
  16. Demertzis, Maria & Hughes Hallett, Andrew, 2008. "Asymmetric information and rational expectations: When is it right to be "wrong"?," Journal of International Money and Finance, Elsevier, Elsevier, vol. 27(8), pages 1407-1419, December.
  17. Söderström, Ulf & Söderlind, Paul & Vredin, Anders, 2002. "New-Keynesian Models and Monetary Policy: A Reexamination of the Stylized Facts," Working Paper Series in Economics and Finance 511, Stockholm School of Economics, revised 15 Aug 2003.
  18. Sevim Kosem Alp, 2010. "Optimal Monetary Policy under Sectoral Heterogeneity in Inflation Persistence (Sektorel Enflasyon Ataleti Farkliligi Altinda Optimal Para Politikasi)," Working Papers 1004, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  19. Orphanides, Athanasios & Wieland, Volker, 1999. "Inflation zone targeting," Working Paper Series, European Central Bank 0008, European Central Bank.
  20. Demertzis, Maria & Hughes Hallett, Andrew, 2003. "Three Models of Imperfect Transparency in Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4117, C.E.P.R. Discussion Papers.
  21. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2006. "Optimal Time Consistent Monetary Policy," CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis 200606, Centre for Dynamic Macroeconomic Analysis, revised 15 Jan 2007.
  22. Bojan Markovic & Laura Povoledo, 2011. "Does Asias choice of exchange rate regime affect Europes exposure to US shocks?," Economic Issues Journal Articles, Economic Issues, Economic Issues, vol. 16(2), pages 1-38, September.
  23. Andreas Beyer & Roger E. A. Farmer, 2004. "On the Indeterminacy of New-Keynesian Economics," Computing in Economics and Finance 2004, Society for Computational Economics 152, Society for Computational Economics.
  24. Seonghoon Cho & Antonio Moreno, 2003. "A Structural Estimation and Interpretation of the New Keynesian Macro Model," Faculty Working Papers, School of Economics and Business Administration, University of Navarra 14/03, School of Economics and Business Administration, University of Navarra.
  25. Hughes Hallett, Andrew & Viegi, Nicola, 2001. "Labour Market Reform and Monetary Policy in EMU: Do Asymmetries Matter?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2979, C.E.P.R. Discussion Papers.
  26. Kozicki, Sharon & Tinsley, P. A., 2002. "Dynamic specifications in optimizing trend-deviation macro models," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 26(9-10), pages 1585-1611, August.
  27. Jukka Railavo, 2005. "Monetary Concequences of Alternative Fiscal Policy Rules," Computing in Economics and Finance 2005, Society for Computational Economics 145, Society for Computational Economics.
  28. Laura Povoledo, 2007. "Volatility of the Tradeable and Non-Tradeable Sectors: Theory and evidence," Economic Analysis Research Group Working Papers, Henley Business School, Reading University earg-wp2007-10, Henley Business School, Reading University.
  29. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2011. "Ordering Policy Rules with an Unconditional Welfare Measure," CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis 201104, Centre for Dynamic Macroeconomic Analysis, revised 01 Jun 2013.
  30. Ray C. Fair, 2013. "Reflections on Macroeconometric Modeling," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 1908, Cowles Foundation for Research in Economics, Yale University, revised Mar 2014.
  31. Laxton, Douglas & Pesenti, Paolo, 2003. "Monetary rules for small, open, emerging economies," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(5), pages 1109-1146, July.
  32. Divino, Jose Angelo, 2009. "Optimal monetary policy for a small open economy," Economic Modelling, Elsevier, Elsevier, vol. 26(2), pages 352-358, March.
  33. Hulsewig, Oliver & Mayer, Eric & Wollmershauser, Timo, 2006. "Bank loan supply and monetary policy transmission in Germany: An assessment based on matching impulse responses," Journal of Banking & Finance, Elsevier, Elsevier, vol. 30(10), pages 2893-2910, October.
  34. Kim, Jinill, 2000. "Constructing and estimating a realistic optimizing model of monetary policy," Journal of Monetary Economics, Elsevier, Elsevier, vol. 45(2), pages 329-359, April.
  35. Petrella, Ivan & Rossi, Raffaele & Santoro, Emiliano, 2014. "Discretion vs. timeless perspective under model-consistent stabilization objectives," Economics Letters, Elsevier, Elsevier, vol. 122(1), pages 84-88.
  36. Söderström, Ulf & Söderlind, Paul & Vredin, Anders, 2002. "Can a Calibrated New-Keynesian Model of Monetary Policy Fit the Facts?," Working Paper Series 140, Sveriges Riksbank (Central Bank of Sweden).
  37. G. C. LIM & PAUL D. McNELIS, 2002. "Central Bank Learning, Terms Of Trade Shocks & Currency Risks: Should Only Inflation Matter For Monetary Policy?," Department of Economics - Working Papers Series, The University of Melbourne 831, The University of Melbourne.
  38. Beyer, Andreas & Farmer, Roger E. A., 2003. "Identifying the monetary transmission mechanism using structural breaks," Working Paper Series, European Central Bank 0275, European Central Bank.
  39. Guillermo J. Escudé (ed.), 2008. "ARGEM: A Dynamic Stochastic General Equilibrium Model for Argentina," BCRA Paper Series, Central Bank of Argentina, Economic Research Department, Central Bank of Argentina, Economic Research Department, number 05, June.
  40. Carlos Borondo, . "International Transmission of Monetary Shocks with Interest Rate Rule," Working Papers on International Economics and Finance 00-04, FEDEA.
  41. Yuriy Gorodnichenko, 2005. "Reduced-Rank Identification of Structural Shocks in VARs," Macroeconomics, EconWPA 0512011, EconWPA.
  42. Kara, Engin, 2006. "Optimal monetary policy in the generalized Taylor economy," Working Paper Series, European Central Bank 0673, European Central Bank.
  43. Gongpil Choi, 2003. "Structural Changes and the Scope of Inflation Targeting in Korea," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 17(3), pages 113-142.
  44. Geert Bekaert & Seonghoon Cho & Antonio Moreno, 2010. "New Keynesian Macroeconomics and the Term Structure," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 42(1), pages 33-62, 02.
  45. Maria Demertzis & Andrew Hughes Hallet, 2004. "Rational Ambiguity and Monitoring the Central Bank," WO Research Memoranda (discontinued), Netherlands Central Bank, Research Department 759, Netherlands Central Bank, Research Department.
  46. Pfajfar, Damjan & Santoro, Emiliano, 2011. "Determinacy, stock market dynamics and monetary policy inertia," Economics Letters, Elsevier, Elsevier, vol. 112(1), pages 7-10, July.
  47. Silvia Sgherri & Tamim Bayoumi, 2004. "Monetary Magic? How the Fed Improved the Supply Side of the Economy," Econometric Society 2004 Far Eastern Meetings, Econometric Society 422, Econometric Society.
  48. Damjanovic, Tatiana & Damjanovic, Vladislav & Nolan, Charles, 2008. "Unconditionally optimal monetary policy," Journal of Monetary Economics, Elsevier, Elsevier, vol. 55(3), pages 491-500, April.
  49. Sevim Kosem-Alp, 2009. "The (Ir)relevance of Inflation Persistence for Inflation Targeting Policy Design," Departmental Working Papers, Bilkent University, Department of Economics 0903, Bilkent University, Department of Economics.
  50. Antonio Moreno, 2004. "The Feds Monetary Policy Rule: Past, Present and Future," Faculty Working Papers, School of Economics and Business Administration, University of Navarra 02/04, School of Economics and Business Administration, University of Navarra.
  51. Richard Dennis & Kai Leitemo & Ulf Söderström, 2007. "Monetary policy in a small open economy with a preference for robustness," Working Paper Series, Federal Reserve Bank of San Francisco 2007-04, Federal Reserve Bank of San Francisco.
  52. Antonio Moreno, 2004. "Reaching Inflation Stability," Econometric Society 2004 North American Summer Meetings, Econometric Society 269, Econometric Society.
  53. Jinill Kim & Dale Henderson, 2002. "Inflation Targeting and Nominal Income Growth Targeting: When and Why Are They Suboptimal?," Computing in Economics and Finance 2002, Society for Computational Economics 59, Society for Computational Economics.
  54. Merkl, Christian & Snower, Dennis J., 2006. "Monetary Persistence, Imperfect Competition and Staggering Complementarities," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5658, C.E.P.R. Discussion Papers.
  55. Fabio Ghironi, 2000. "Towards New Open Economy Macroeconometrics," Boston College Working Papers in Economics, Boston College Department of Economics 469, Boston College Department of Economics.
  56. Leith, Campbell & Simon Wren-Lewis, 2002. "Compatibility Between Monetary and Fiscal Policy Under EMU," Royal Economic Society Annual Conference 2002, Royal Economic Society 124, Royal Economic Society.
  57. Christian Pierdzioch & Serkan Yener, 2007. "On the hump-shaped output effect of monetary policy in an open economy," International Economics and Economic Policy, Springer, Springer, vol. 4(1), pages 1-13, April.
  58. Michael Kumhof & Luis Felipe Céspedes & Eric Parrado, 2003. "Pricing Policies and Inflation Inertia," IMF Working Papers 03/87, International Monetary Fund.
  59. Salle, Isabelle & Yıldızoğlu, Murat & Sénégas, Marc-Alexandre, 2013. "Inflation targeting in a learning economy: An ABM perspective," Economic Modelling, Elsevier, Elsevier, vol. 34(C), pages 114-128.
  60. Hirose, Yasuo, 2007. "Sunspot fluctuations ulnder zero nominal interest rates," Economics Letters, Elsevier, Elsevier, vol. 97(1), pages 39-45, October.
  61. Ikeda, Taro, 2010. "Time-varying asymmetries in central bank preferences: The case of the ECB," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(4), pages 1054-1066, December.
  62. Michael Fratantoni & Scott Schuh, 2000. "Monetary policy, housing investment, and heterogeneous regional markets," Working Papers, Federal Reserve Bank of Boston 00-1, Federal Reserve Bank of Boston.
  63. Rodrigo Caputo, 2004. "Habit formation and its implications for small open economies," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group 11, Money Macro and Finance Research Group.
  64. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2005. "Optimal Monetary Policy Rules from a Timeless Perspective," CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis 200510, Centre for Dynamic Macroeconomic Analysis.
  65. Giorgio PIZZUTTO, 2004. "Il nuovo modello di sintesi neoclassica e il meccanismo di trasmissione della politica monetaria," Departmental Working Papers, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano 2004-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  66. Schmitt-Grohé, Stephanie & Uribe, Martín, 2005. "Optimal Inflation Stabilization in a Medium-Scale Macroeonomic Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5424, C.E.P.R. Discussion Papers.
  67. Seonghoon Cho & Antonio Moreno, 2005. "A Small-Sample Study of the New-Keynesian Macro Model," Faculty Working Papers, School of Economics and Business Administration, University of Navarra 03/05, School of Economics and Business Administration, University of Navarra.
  68. Elaine Cristina de Piza & Joilson Dias, 2006. "Novo Consenso Macroeconômico E Política Monetária No Brasil: Uma Avaliação Empírica," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of G 164, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  69. Raffaella Giacomini, 2013. "The relationship between DSGE and VAR models," CeMMAP working papers, Centre for Microdata Methods and Practice, Institute for Fiscal Studies CWP21/13, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
  70. Söderberg, Johan, 2011. "Customer markets and the welfare effects of monetary policy," Journal of Monetary Economics, Elsevier, Elsevier, vol. 58(3), pages 206-219.
  71. Pinter, Gabor & Theodoridis, Konstantinos & Yates, Tony, 2013. "Risk news shocks and the business cycle," Bank of England working papers, Bank of England 483, Bank of England.
  72. David Cook & Michael B. Devereux, 2013. "Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap," American Economic Journal: Macroeconomics, American Economic Association, American Economic Association, vol. 5(3), pages 190-228, July.
  73. Henzel, Steffen & Hülsewig, Oliver & Mayer, Eric & Wollmershäuser, Timo, 2009. "The price puzzle revisited: Can the cost channel explain a rise in inflation after a monetary policy shock?," Journal of Macroeconomics, Elsevier, Elsevier, vol. 31(2), pages 268-289, June.
  74. Damjanovic, Tatiana & Damjanovic, Vladislav & Nolan, Charles, 2011. "Ordering policy rules with an unconditional welfare measure," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2011-32, Scottish Institute for Research in Economics (SIRE).
  75. Vázquez Pérez, Jesús, 2003. "Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation," DFAEII Working Papers 2004-02, University of the Basque Country - Department of Foundations of Economic Analysis II.
  76. Michael Bordo & Christopher Erceg & Andrew Levin & Ryan Michaels, 2007. "Three great American disinflations," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 898, Board of Governors of the Federal Reserve System (U.S.).
  77. Nicoletta Batini & Alejandro Justiniano & Paul Levine & Joseph Pearlman, 2004. "Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy," School of Economics Discussion Papers, School of Economics, University of Surrey 0804, School of Economics, University of Surrey.
  78. Frank Smets & Raf Wouters, 2002. "Monetary policy in an estimated stochastic dynamic general equilibrium model of the Euro area," Proceedings, Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco, issue Mar.
  79. Dionisio Dias Carneiro & Pedro Garcia Duarte, 2001. "Inércia de juros e regras de Taylor: Explorando as funções de resposta a impulso em um modelo de equilíbrio geral com parâmetros estilizados para o Brazil," Textos para discussão, Department of Economics PUC-Rio (Brazil) 450, Department of Economics PUC-Rio (Brazil).
  80. Mikek, Peter, 2008. "Alternative monetary policies and fiscal regime in new EU members," Economic Systems, Elsevier, Elsevier, vol. 32(4), pages 335-353, December.
  81. Selim Elekdag & Saade Chami & Ivan Tchakarov, 2004. "What Are the Potential Economic Benefits of Enlarging the Gulf Cooperation Council?," IMF Working Papers 04/152, International Monetary Fund.
  82. Grant Spencer & Ozer Karagedikli, 2006. "Modelling for monetary policy: the New Zealand experience," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, Reserve Bank of New Zealand, vol. 69, pages 8p., June.
  83. Guillermo Escudé, 2006. "Alternative Monetary Regimes in a DSGE Model of a Small Open Economy with Two Sectors and Sticky Prices and Wages," BCRA Working Paper Series 200612, Central Bank of Argentina, Economic Research Department.
  84. Rodrigo Caputo, 2004. "Exchange Rates, Inflation and Monetary Policy Objectives in Open Economies: The Experience of Chile," Econometric Society 2004 Latin American Meetings, Econometric Society 298, Econometric Society.
  85. Wollmershäuser, Timo & Mayer, Eric & Hülsewig, Oliver, 2006. "Bank Behavior and the Cost Channel of Monetary Transmission," W.E.P. - Würzburg Economic Papers 71, University of Würzburg, Chair for Monetary Policy and International Economics.
  86. Felipe Morandé L. & Mauricio Tejada G., 2009. "Persistent Supply Shocks: A Pain in the Neck for Central Banks?," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, Central Bank of Chile, vol. 12(3), pages 25-58, December.
  87. Marzo, Massimiliano, 2009. "Wage or price-based inflation? Alternative targets in optimal monetary policy rules," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 33(6), pages 1296-1313, June.
  88. Yuan, Huiping & Miller, Stephen M., 2010. "Implementing optimal monetary policy: Objectives and rules," Economic Modelling, Elsevier, Elsevier, vol. 27(3), pages 737-745, May.
  89. Rodrigo De-Losso, 2012. "Questioning The Taylor Rule," Working Papers, Department of Economics, University of São Paulo (FEA-USP) 2012_22, University of São Paulo (FEA-USP).
  90. Jesús Vázquez, 2009. "Does the term spread play a role in the fed funds rate reaction function? An empirical investigation," Empirical Economics, Springer, Springer, vol. 36(1), pages 175-199, February.
  91. Eric Parrado & Andrés Velasco, 2001. "Alternative Monetary Rules in the Open-Economy: a Welfare-Based Approach," Working Papers Central Bank of Chile, Central Bank of Chile 129, Central Bank of Chile.
  92. Guillermo Escudé, 2007. "ARGEM: A DSGE Model with Banks and Monetary Policy Regimes with Two Feedback Rules, Calibrated for Argentina," BCRA Working Paper Series 200721, Central Bank of Argentina, Economic Research Department.
  93. Demertzis, Maria & Hughes Hallett, Andrew, 2005. "Forming Rational Expectations and When it is Right to be 'Wrong'," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5042, C.E.P.R. Discussion Papers.
  94. Alessandro Flamini & Guido Ascari & Lorenza Rossi, 2012. "Industrial Transformation, Heterogeneity in Price Stickiness, and the Great Moderation," DEM Working Papers Series 025, University of Pavia, Department of Economics and Management.
  95. Bernd Hayo & Britta Niehof, 2013. "Studying International Spillovers in a New Keynesian Continuous Time Framework with Financial Markets," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) 201342, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  96. Livio Stracca, 2007. "A Speed Limit Monetary Policy Rule for the Euro Area," International Finance, Wiley Blackwell, Wiley Blackwell, vol. 10(1), pages 21-41, 03.
  97. A. Hakan Kara, 2002. "Robust Targeting Rules for Monetary Policy," Discussion Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey 0208, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  98. Argov, Eyal & Binyamini, Alon & Elkayam, David & Rozenshtrom, Irit, 2007. "A Small Macroeconomic Model to Support Inflation Targeting in Israel," MPRA Paper 4784, University Library of Munich, Germany.
  99. Eva Koeberl, 2009. "Die Inflationsneutrale Kapazitätsauslastung und die Phillips-Kurve in der Schweiz – Eine Analyse mit Mikrodaten," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, KOF Swiss Economic Institute, ETH Zurich, vol. 3(1), pages 67-78, March.
  100. Pytlarczyk, Ernest, 2005. "An estimated DSGE model for the German economy within the euro area," Discussion Paper Series 1: Economic Studies 2005,33, Deutsche Bundesbank, Research Centre.
  101. Marcin Kolasa & Giovanni Lombardo, 2014. "Financial Frictions and Optimal Monetary Policy in an Open Economy," International Journal of Central Banking, International Journal of Central Banking, International Journal of Central Banking, vol. 10(1), pages 43-94, March.
  102. Sosunov, Kirill & Khramov, Vadim, 2008. "Monetary policy rules and indterminacy," MPRA Paper 11996, University Library of Munich, Germany.
  103. Bokor, László, 2007. "Optimality criteria of hybrid inflation-price level targeting," MPRA Paper 10278, University Library of Munich, Germany, revised Jul 2008.
  104. Railavo , Jukka, 2004. "Stability consequences of fiscal policy rules," Research Discussion Papers, Bank of Finland 1/2004, Bank of Finland.
  105. Jörg Döpke & Michael Funke & Sean Holly & Sebastian Weber, 2009. "The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices," Discussion Papers of DIW Berlin 896, DIW Berlin, German Institute for Economic Research.
  106. Damjanovic, Tatiana & Damjanovic, Vladislav & Nolan, Charles, 2011. "Ordering Policy Rules with an Unconditional Welfare Measure," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2011-16, Scottish Institute for Research in Economics (SIRE).
  107. A. Hakan Kara, 2007. "Monetary Policy under Imperfect Commitment: Reconciling Theory with Evidence," International Journal of Central Banking, International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 149-178, March.
  108. G.C. Lim & Paul D. McNelis, 2001. "Central Bank Learning, Terms of Trade Shocks & Currency Risk: Should Exchange Rate Volatility Matter for Monetary Policy?," Boston College Working Papers in Economics, Boston College Department of Economics 509, Boston College Department of Economics.
  109. Christoffel, Kai & Linzert, Tobias, 2005. "The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics," Working Paper Series, European Central Bank 0556, European Central Bank.
  110. Groll, Dominik, 2013. "When do Countries Benefit from Forming a Monetary Union?," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79787, Verein für Socialpolitik / German Economic Association.
  111. Berkowitz, J. & Birgean, I. & Kilian, L., 1999. "On the Finite-Sample Accuracy of Nonparametric Resampling Algorithms for Economic Time Series," Papers, Michigan - Center for Research on Economic & Social Theory 99-01, Michigan - Center for Research on Economic & Social Theory.
  112. Lindé, Jesper, 2003. "Monetary Policy Shocks and Business Cycle Fluctuations in a Small Open Economy: Sweden 1986-2002," Working Paper Series 153, Sveriges Riksbank (Central Bank of Sweden).
  113. Jón Steinsson, 2000. "Optimal monetary policy in an economy with inflation persistence," Economics, Department of Economics, Central bank of Iceland wp11, Department of Economics, Central bank of Iceland.
  114. Stephanie Schmitt-Grohé & Martín Uribe, 2006. "Optimal Simple and Implementable Monetary and Fiscal Rules: Expanded Version," NBER Working Papers 12402, National Bureau of Economic Research, Inc.
  115. Blake, Andrew P & Markovic, Bojan, 2008. "The conduct of global monetary policy and domestic stability," Bank of England working papers, Bank of England 353, Bank of England.
  116. Giraitis, Liudas & Kapetanios, George & Theodoridis, Konstantinos & Yates, Tony, 2014. "Estimating time-varying DSGE models using minimum distance methods," Bank of England working papers, Bank of England 507, Bank of England.
  117. Eva M. Köberl & Sarah M. Lein, 2011. "The NIRCU and the Phillips curve: an approach based on micro data," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 44(2), pages 673-694, May.
  118. Leith, Campbell & Wren-Lewis, Simon, 2008. "Interactions between monetary and fiscal policy under flexible exchange rates," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(9), pages 2854-2882, September.
  119. Juillard, Michel & Karam, Philippe & Laxton, Douglas & Pesenti, Paolo, 2006. "Welfare-based monetary policy rules in an estimated DSGE model of the US economy," Working Paper Series, European Central Bank 0613, European Central Bank.
  120. Leung, Charles Ka Yui & Teo, Wing Leong, 2011. "Should the optimal portfolio be region-specific? A multi-region model with monetary policy and asset price co-movements," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 41(3), pages 293-304, May.
  121. John Duffy & Wei Xiao, 2011. "Investment and Monetary Policy: Learning and Determinacy of Equilibrium," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 43(5), pages 959-992, 08.
  122. Söderström, Ulf, 2001. "Targeting Inflation with a Prominent Role for Money," Working Paper Series 123, Sveriges Riksbank (Central Bank of Sweden).
  123. Lindé, Jesper, 2001. "The Empirical Relevance of Simple Forward- and Backward-looking Models: A View from a Dynamic General Equilibrium Model," Working Paper Series 130, Sveriges Riksbank (Central Bank of Sweden).
  124. Jukka Railavo, 2004. "Stability consequences of fiscal policy rules," Macroeconomics, EconWPA 0404020, EconWPA.
  125. Ortiz, Marco, 2014. "Fat-Tailed Shocks and the Central Bank Reaction," Working Papers, Banco Central de Reserva del Perú 2014-002, Banco Central de Reserva del Perú.
  126. Jagjit S. Chadha & Luisa Corrado, 2006. "On the Determinacy of Monetary Policy under Expectational Errors," CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis 200603, Centre for Dynamic Macroeconomic Analysis, revised 15 Apr 2007.
  127. M. Marzo, 2001. "Evaluating Monetary Policy Regimes: the Role of Nominal Rigidities," Working Papers 411, Dipartimento Scienze Economiche, Universita' di Bologna.
  128. Railavo, Jukka, 2004. "Monetary consequences of alternative fiscal policy rules," Research Discussion Papers, Bank of Finland 20/2004, Bank of Finland.
  129. Masten, Igor, 2008. "Optimal monetary policy with Balassa-Samuelson-type productivity shocks," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 120-141, March.
  130. David Cook & Michael B. Devereux, 2013. "The Optimal Currency Area in a Liquidity Trap," NBER Working Papers 19588, National Bureau of Economic Research, Inc.
  131. Hatcher, Michael C., 2011. "Comparing inflation and price-level targeting: A comprehensive review of the literature," Cardiff Economics Working Papers E2011/22, Cardiff University, Cardiff Business School, Economics Section.
  132. Vázquez Pérez, Jesús, 2003. "The role of the term spread in an augmented Taylor rule: An empirical investigation," DFAEII Working Papers 2003-07, University of the Basque Country - Department of Foundations of Economic Analysis II.
  133. Jondeau, E. & Sahuc, J-G., 2006. "Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-country Heterogeneity," Working papers, Banque de France 141, Banque de France.
  134. Railavo, Jukka, 2003. "Effects of the supply-side channel on stabilisation properties of policy rules," Research Discussion Papers, Bank of Finland 34/2003, Bank of Finland.
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