Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ E: Macroeconomics and Monetary Economics
/ / E5: Monetary Policy, Central Banking, and the Supply of Money and Credit
/ / / E52: Monetary Policy

2012

• Eickmeier, Sandra & Lombardi, Marco J., 2012, "Monetary policy and the oil futures market," Discussion Papers, Deutsche Bundesbank, number 35/2012.
• Wieland, Volker & Cwik, Tobias J. & Müller, Gernot J. & Schmidt, Sebastian & Wolters, Maik H., 2012, "A new comparative approach to macroeconomic modeling and policy analysis," CFS Working Paper Series, Center for Financial Studies (CFS), number 2012/03.
• Issing, Otmar, 2012, "Central banks: Paradise lost," CFS Working Paper Series, Center for Financial Studies (CFS), number 2012/06.
• Orphanides, Athanasios & Wieland, Volker, 2012, "Complexity and monetary policy," CFS Working Paper Series, Center for Financial Studies (CFS), number 2012/11.
• Issing, Otmar & Wieland, Volker, 2012, "Monetary theory and monetary policy: Reflections on the development over the last 150 years," CFS Working Paper Series, Center for Financial Studies (CFS), number 2012/20.
• Apel, Mikael & Claussen, Carl Andreas, 2012, "Monetary policy, interest rates and risk-taking," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 1, pages 68-83.
• Seitz, Franz, 2012, "Die Rolle monetärer Variablen für die Geldpolitik vor, während und nach der Krise: Nicht nur für die EWU geltende Überlegungen," Weidener Diskussionspapiere, University of Applied Sciences Amberg-Weiden (OTH), number 33.
• Grossi, Michele & Tamborini, Roberto, 2012, "Stock prices and monetary policy: Re-examining the issue in a New Keynesian model with endogenous investment," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, volume 6, pages 1-47, DOI: 10.5018/economics-ejournal.ja.2012-.
• Faia, Ester & Lechthaler, Wolfgang & Merkl, Christian, 2012, "Labor selection, turnover costs and optimal monetary policy," Kiel Working Papers, Kiel Institute for the World Economy, number 1534.
• Weber, Henning, 2012, "The optimal inflation rate and firm-level productivity growth," Kiel Working Papers, Kiel Institute for the World Economy, number 1773.
• Reitz, Stefan & Slopek, Ulf D., 2012, "Fixing the Phillips curve: The case of downward nominal wage rigidity in the US," Kiel Working Papers, Kiel Institute for the World Economy, number 1795.
• Wieland, Volker & Cwik, Tobias & Müller, Gernot J. & Schmidt, Sebastian & Wolters, Maik Hendrik, 2012, "A new comparative approach to macroeconomic modeling and policy analysis," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 49.
• Lewis, Vivien, 2012, "Optimal monetary policy and firm entry," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 50.
• Schmidt, Sebastian & Wieland, Volker, 2012, "The new keynesian approach to dynamic general equilibrium modeling: Models, methods, and macroeconomic policy evaluation," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 52.
• Schmidt, Sebastian, 2012, "Optimal monetary and fiscal policy with a zero bound on nominal interest rates," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 53.
• Verona, Fabio & Martins, Manuel M. F. & Drumond, Inês, 2012, "(Un)anticipated monetary policy in a DSGE model with a shadow banking system," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 56.
• Orphanides, Athanasios & Wieland, Volker, 2012, "Complexity and monetary policy," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 57.
• Wieland, Volker & Wolters, Maik Hendrik, 2012, "Forecasting and policy making," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 62.
• Taylor, John B. & Wieland, Volker, 2012, "Surprising comparative properties of monetary models: Results from a new model database," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 66.
• Issing, Otmar & Wieland, Volker, 2012, "Monetary theory and monetary policy: Reflections on the development over the last 150 years," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 67.
• Detzer, Daniel, 2012, "New instruments for banking regulation and monetary policy after the crisis," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 13/2012.
• El-Shagi, Makram & Giesen, Sebastian & Jung, Alexander, 2012, "Does Central Bank Staff Beat Private Forecasters?," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 5/2012.
• El-Shagi, Makram & Giesen, Sebastian & Kelly, Logan J., 2012, "Monetary Policy in a World Where Money (Also) Matters," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 6/2012.
• Hoffmann, Andreas, 2012, "Did the Fed and ECB react asymmetrically with respect to asset market developments?," Working Papers, University of Leipzig, Faculty of Economics and Management Science, number 103.
• Ziegler, Christina, 2012, "Monetary policy under alternative exchange rate regimes in Central and Eastern Europe," Working Papers, University of Leipzig, Faculty of Economics and Management Science, number 104.
• Belke, Ansgar & Bordon, Ingo G. & Volz, Ulrich, 2012, "Effects of Global Liquidity on Commodity and Food Prices," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 323, DOI: 10.4419/86788372.
• Belke, Ansgar & Klose, Jens, 2012, "Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound – Evidence for the ECB and the Fed," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 343, DOI: 10.4419/86788397.
• Belke, Ansgar & Vogel, Lukas, 2012, "Monetary Commitment and Structural Reforms – A Dynamic Panel Analysis for Transition Economies," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 347, DOI: 10.4419/86788400.
• Belke, Ansgar & Beckmann, Joscha & Verheyen, Florian, 2012, "Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 350, DOI: 10.4419/86788403.
• Belke, Ansgar & Freytag, Andreas & Keil, Jonas & Friedrich Schneider, 2012, "The Credibility of Monetary Policy Announcements – Empirical Evidence for OECD Countries since the 1960s," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 355, DOI: 10.4419/86788409.
• Strohsal, Till & Winkelmann, Lars, 2012, "Assessing the anchoring of inflation expectations," SFB 649 Discussion Papers, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk, number 2012-022.
• Flotho, Stefanie, 2012, "Monetary and Fiscal Policy in a Monetary Union under the Zero Lower Bound constraint," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association, number 62028.
• Winkler, Roland & Wohltmann, Hans-Werner, 2012, "Rational Expectations Models with Anticipated Shocks and Optimal Policy," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association, number 62030.
• Di Pace, Federico & Hertweck, Matthias S., 2012, "Labour Market Frictions, Monetary Policy, and Durable Goods," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association, number 62052.
• Roth, Markus & Bursian, Dirk, 2012, "Taylor rule cross-checking and selective monetary policy adjustment," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association, number 62078.
• Schüder, Stefan, 2012, "Monetary Policy Trade-Offs in a Portfolio Model with Endogenous Asset Supply," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century, Verein für Socialpolitik / German Economic Association, number 65402.
• Gareis, Johannes & Mayer, Eric, 2012, "What drives Ireland's housing market? A Bayesian DSGE approach," W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics, number 88.
• Gareis, Johannes & Mayer, Eric, 2012, "Euler equations and money market interest rates: The role of monetary and risk premium shocks," W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics, number 89.
• Aleksander Berentsen & Samuel Huber & Alessandro Marchesiani, 2012, "Degreasing the wheels of finance," ECON - Working Papers, Department of Economics - University of Zurich, number 101, Dec.
• Ansgar Belke & Ingo G. Bordon & Ulrich Volz, 2012, "Effects of Global Liquidity on Commodity and Food Prices," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1199.
• Ansgar Belke & Jens Klose, 2012, "Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound: Evidence for the ECB and the Fed," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1218.
• Ansgar Belke & Lukas Vogel, 2012, "Monetary Commitment and Structural Reforms: A Dynamic Panel Analysis for Transition Economies," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1221.
• Ansgar Belke & Joscha Beckmann & Florian Verheyen, 2012, "Interest Rate Pass-through in the EMU: New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1223.
• Ansgar Belke & Andreas Freytag & Jonas Keil & Friedrich Schneider, 2012, "The Credibility of Monetary Policy Announcements: Empirical Evidence for OECD Countries since the 1960s," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1225.
• Farley Grubb, 2012, "Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America ," Working Papers, University of Delaware, Department of Economics, number 12-08.
• Giorgio Fagiolo & Andrea Roventini, 2012, "Macroeconomic Policy in DSGE and Agent-Based Models," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2012-17.
• Giovanni Dosi & Giorgio Fagiolo & Mauro Napoletano & Andrea Roventini, 2012, "Income Distribution, Credit and Fiscal Policies in an Agent-Based Keynesian Model," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2012-5.
• Satyananda Sahoo & Indranil Bhattacharyya, 2012, "Yield Curve Dynamics of the Indian G-Sec Market: A Macro-Finance Approach," Indian Economic Review, Department of Economics, Delhi School of Economics, volume 47, issue 2, pages 157-182.
• Goodness C. AYE & Rangan GUPTA, 2012, "The Effects Of Monetary Policy On Real Farm Prices In South Africa," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, volume 12, issue 1, pages 147-158.
• Masahiro Kawai & Peter J. Morgan, 2012, "Central Banking for Financial Stability in Asia," Development Economics Working Papers, East Asian Bureau of Economic Research, number 23328, Aug.
• Peter J. Morgan & Mario Lamberte, 2012, "Strengthening Financial Infrastructure," Finance Working Papers, East Asian Bureau of Economic Research, number 23191, Feb.
• Masahiro Kawai & Peter J. Morgan, 2012, "Central Banking for Financial Stability in Asia," Finance Working Papers, East Asian Bureau of Economic Research, number 23328, Aug.
• Tarisa Watanagase, 2012, "Impact of Changes in the Global Financial Regulatory Landscape on Asian Emerging Markets," Finance Working Papers, East Asian Bureau of Economic Research, number 23351, Oct.
• Masahiro Kawai & Peter J. Morgan, 2012, "Central Banking for Financial Stability in Asia," Governance Working Papers, East Asian Bureau of Economic Research, number 23328, Aug.
• Tarisa Watanagase, 2012, "Impact of Changes in the Global Financial Regulatory Landscape on Asian Emerging Markets," Governance Working Papers, East Asian Bureau of Economic Research, number 23351, Oct.
• Masahiro Kawai & Peter J. Morgan, 2012, "Central Banking for Financial Stability in Asia," Macroeconomics Working Papers, East Asian Bureau of Economic Research, number 23328, Aug.
• Domenico Giannone & Michèle Lenza & Lucrezia Reichlin, 2012, "Money, Credit, Monetary Policy and the Business Cycle in the Euro Area," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2012-008, Mar.
• Matteo Luciani, 2012, "Monetary Policy and the Housing Market: A Structural Factor Analysis," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2012-035, Oct.
• Fiorella De Fiore & Oreste Tristani, 2012, "Credit risk and the zero lower bound on interest rates," Research Bulletin, European Central Bank, volume 15, pages 12-14.
• Tatiana Kirsanova & Simon Wren‐Lewis, 2012, "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities," Economic Journal, Royal Economic Society, volume 122, issue 559, pages 238-264, March, DOI: j.1468-0297.2011.02458.x.
• Huw Dixon & Hervé Le Bihan, 2012, "Generalised Taylor and Generalised Calvo Price and Wage Setting: Micro‐evidence with Macro Implications," Economic Journal, Royal Economic Society, volume 122, issue 560, pages 532-554, May, DOI: j.1468-0297.2012.02497.x.
• Stefano Neri & Tiziano Ropele, 2012, "Imperfect Information, Real‐Time Data and Monetary Policy in the Euro Area," Economic Journal, Royal Economic Society, volume 122, issue 561, pages 651-674, June, DOI: j.1468-0297.2011.02488.x.
• George Kapetanios & Haroon Mumtaz & Ibrahim Stevens & Konstantinos Theodoridis, 2012, "Assessing the Economy‐wide Effects of Quantitative Easing," Economic Journal, Royal Economic Society, volume 122, issue 564, pages 316-347, November.
• Stefania D’Amico & William English & David López‐Salido & Edward Nelson, 2012, "The Federal Reserve's Large‐scale Asset Purchase Programmes: Rationale and Effects," Economic Journal, Royal Economic Society, volume 122, issue 564, pages 415-446, November.
• Paul Levine & Joseph Pearlman & George Perendia & Bo Yang, 2012, "Endogenous Persistence in an estimated DSGE Model Under Imperfect Information," Economic Journal, Royal Economic Society, volume 122, issue 565, pages 1287-1312, December, DOI: j.1468-0297.2012.02524.x.
• Yu Hsing, 2012, "Impacts of the Trilemma Policies on Inflation, Growth and Volatility in Greece," International Journal of Economics and Financial Issues, Econjournals, volume 2, issue 3, pages 373-378.
• Marjan Petreski, 2012, "Output Volatility and Exchange Rate Considerations Under Inflation Targeting : A Review," International Journal of Economics and Financial Issues, Econjournals, volume 2, issue 4, pages 528-537.
• Bi, Huixin & Leeper, Eric M. & Leith, Campbell, 2012, "Uncertain Fiscal Consolidations," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE), number 2012-09.
• Kontonikas, Alexandros & MacDonald, Ronald & Saggu, Aman, 2012, "Stock Market Reaction to Fed Funds Rate Surprises: State Dependence and the Financial Crisis," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE), number 2012-72.
• Morgan, Peter J., 2012, "The role of macroeconomic policy in rebalancing growth," Journal of Asian Economics, Elsevier, volume 23, issue 1, pages 13-25, DOI: 10.1016/j.asieco.2011.08.009.
• Abhakorn, Pongrapeeporn & Tantisantiwong, Nongnuch, 2012, "A reexamination of capital controls’ effectiveness: Recent experience of Thailand," Journal of Asian Economics, Elsevier, volume 23, issue 1, pages 26-38, DOI: 10.1016/j.asieco.2011.11.004.
• Goyal, Ashima & Arora, Sanchit, 2012, "The Indian exchange rate and Central Bank action: An EGARCH analysis," Journal of Asian Economics, Elsevier, volume 23, issue 1, pages 60-72, DOI: 10.1016/j.asieco.2011.09.001.
• Mishra, Ankita & Mishra, Vinod, 2012, "Inflation targeting in India: A comparison with the multiple indicator approach," Journal of Asian Economics, Elsevier, volume 23, issue 1, pages 86-98, DOI: 10.1016/j.asieco.2011.10.003.
• Zulkhibri, Muhamed, 2012, "Policy rate pass-through and the adjustment of retail interest rates: Empirical evidence from Malaysian financial institutions," Journal of Asian Economics, Elsevier, volume 23, issue 4, pages 409-422, DOI: 10.1016/j.asieco.2012.04.001.
• Xiong, Weibo, 2012, "Measuring the monetary policy stance of the People's bank of china: An ordered probit analysis," China Economic Review, Elsevier, volume 23, issue 3, pages 512-533, DOI: 10.1016/j.chieco.2011.04.002.
• He, Dong & Wang, Honglin, 2012, "Dual-track interest rates and the conduct of monetary policy in China," China Economic Review, Elsevier, volume 23, issue 4, pages 928-947, DOI: 10.1016/j.chieco.2012.04.013.
• de Mendonça, Helder Ferreira & de Guimarães e Souza, Gustavo José, 2012, "Is inflation targeting a good remedy to control inflation?," Journal of Development Economics, Elsevier, volume 98, issue 2, pages 178-191, DOI: 10.1016/j.jdeveco.2011.06.011.
• Airaudo, Marco & Zanna, Luis-Felipe, 2012, "Interest rate rules, endogenous cycles, and chaotic dynamics in open economies," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 10, pages 1566-1584, DOI: 10.1016/j.jedc.2012.06.003.
• Bilbiie, Florin O. & Straub, Roland, 2012, "Changes in the output Euler equation and asset markets participation," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 11, pages 1659-1672, DOI: 10.1016/j.jedc.2012.03.018.
• Slobodyan, Sergey & Wouters, Raf, 2012, "Learning in an estimated medium-scale DSGE model," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 1, pages 26-46, DOI: 10.1016/j.jedc.2011.01.016.
• Kurozumi, Takushi & Van Zandweghe, Willem, 2012, "Learning about monetary policy rules when labor market search and matching frictions matter," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 4, pages 523-535, DOI: 10.1016/j.jedc.2011.10.003.
• Demirel, Ufuk Devrim, 2012, "The value of monetary policy commitment under imperfect fiscal credibility," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 6, pages 813-829, DOI: 10.1016/j.jedc.2012.02.006.
• Carrillo, Julio A., 2012, "How well does sticky information explain the dynamics of inflation, output, and real wages?," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 6, pages 830-850, DOI: 10.1016/j.jedc.2011.12.007.
• Bénassy, Jean-Pascal, 2012, "Destabilizing optimal policies in the business cycle," Journal of Economic Dynamics and Control, Elsevier, volume 36, issue 9, pages 1364-1371, DOI: 10.1016/j.jedc.2012.02.009.
• Yu Hsing, 2012, "Impacts of Macroeconomic Forces and External Shocks on Real Output for Indonesia," Economic Analysis and Policy, Elsevier, volume 42, issue 1, pages 97-104, March.
• Ramprasad Bhar & Girijasankar Mallik, 2012, "Inflation, Inflation Uncertainty and Macroeconomic Performance in Australia," Economic Analysis and Policy, Elsevier, volume 42, issue 3, pages 305-318, December.
• Cheng, Wenli & Zhang, Dingsheng, 2012, "A monetary model of China–US trade relations," Economic Modelling, Elsevier, volume 29, issue 2, pages 233-238, DOI: 10.1016/j.econmod.2011.10.002.
• Castro, Vítor & Sousa, Ricardo M., 2012, "How do central banks react to wealth composition and asset prices?," Economic Modelling, Elsevier, volume 29, issue 3, pages 641-653, DOI: 10.1016/j.econmod.2012.01.006.
• Mishra, Ankita & Mishra, Vinod, 2012, "Evaluating inflation targeting as a monetary policy objective for India," Economic Modelling, Elsevier, volume 29, issue 4, pages 1053-1063, DOI: 10.1016/j.econmod.2012.02.020.
• Migliardo, Carlo, 2012, "Heterogeneity in price setting behavior, spatial disparities and sectoral diversity: Evidence from a panel of Italian firms," Economic Modelling, Elsevier, volume 29, issue 4, pages 1106-1118, DOI: 10.1016/j.econmod.2012.03.014.
• Çebi, Cem, 2012, "The interaction between monetary and fiscal policies in Turkey: An estimated New Keynesian DSGE model," Economic Modelling, Elsevier, volume 29, issue 4, pages 1258-1267, DOI: 10.1016/j.econmod.2012.04.014.
• Çiçek, Serkan, 2012, "Globalization and flattening of Phillips Curve in Turkey between 1987 and 2007," Economic Modelling, Elsevier, volume 29, issue 5, pages 1655-1661, DOI: 10.1016/j.econmod.2011.12.019.
• Gomes, S. & Jacquinot, P. & Pisani, M., 2012, "The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area," Economic Modelling, Elsevier, volume 29, issue 5, pages 1686-1714, DOI: 10.1016/j.econmod.2012.04.002.
• Haughton, Andre Yone & Iglesias, Emma M., 2012, "Interest rate volatility, asymmetric interest rate pass through and the monetary transmission mechanism in the Caribbean compared to US and Asia," Economic Modelling, Elsevier, volume 29, issue 6, pages 2071-2089, DOI: 10.1016/j.econmod.2012.06.034.
• Zhang, Yanbing & Hua, Xiuping & Zhao, Liang, 2012, "Exploring determinants of housing prices: A case study of Chinese experience in 1999–2010," Economic Modelling, Elsevier, volume 29, issue 6, pages 2349-2361, DOI: 10.1016/j.econmod.2012.06.025.
• Dai, Meixing & Spyromitros, Eleftherios, 2012, "Inflation contract, central bank transparency and model uncertainty," Economic Modelling, Elsevier, volume 29, issue 6, pages 2371-2381, DOI: 10.1016/j.econmod.2012.06.021.
• Abbassi, Puriya & Nautz, Dieter, 2012, "Monetary transmission right from the start: On the information content of the Eurosystem's main refinancing operations," The North American Journal of Economics and Finance, Elsevier, volume 23, issue 1, pages 54-69, DOI: 10.1016/j.najef.2011.11.002.
• Mandler, Martin, 2012, "Decomposing Federal Funds Rate forecast uncertainty using time-varying Taylor rules and real-time data," The North American Journal of Economics and Finance, Elsevier, volume 23, issue 2, pages 228-245, DOI: 10.1016/j.najef.2012.01.003.
• Collard, Fabrice & Dellas, Harris, 2012, "Euler equations and monetary policy," Economics Letters, Elsevier, volume 114, issue 1, pages 1-5, DOI: 10.1016/j.econlet.2011.09.009.
• Paez-Farrell, Juan, 2012, "Should central bankers discount the future? A note," Economics Letters, Elsevier, volume 114, issue 1, pages 20-22, DOI: 10.1016/j.econlet.2011.08.019.
• Teranishi, Yuki, 2012, "Credit spread and monetary policy," Economics Letters, Elsevier, volume 114, issue 1, pages 26-28, DOI: 10.1016/j.econlet.2011.08.022.
• Duran, Murat & Özcan, Gülserim & Özlü, Pınar & Ünalmış, Deren, 2012, "Measuring the impact of monetary policy on asset prices in Turkey," Economics Letters, Elsevier, volume 114, issue 1, pages 29-31, DOI: 10.1016/j.econlet.2011.08.024.
• Kurozumi, Takushi, 2012, "Sustainability, flexibility, and inflation targeting," Economics Letters, Elsevier, volume 114, issue 1, pages 80-82, DOI: 10.1016/j.econlet.2011.09.020.
• Wong, Chin-Yoong & Eng, Yoke-Kee, 2012, "Asset price boom–burst cycle as an elastic money response to technological shocks," Economics Letters, Elsevier, volume 114, issue 3, pages 292-295, DOI: 10.1016/j.econlet.2011.10.005.
• Kimbrough, Kent P., 2012, "Unique monetary equilibria with interest rate rules: An extension," Economics Letters, Elsevier, volume 114, issue 3, pages 332-334, DOI: 10.1016/j.econlet.2011.11.014.
• Matthes, Christian & Wang, Mu-Chun, 2012, "What drives inflation in New Keynesian models?," Economics Letters, Elsevier, volume 114, issue 3, pages 338-342, DOI: 10.1016/j.econlet.2011.11.012.
• Hartmann, Matthias & Herwartz, Helmut, 2012, "Causal relations between inflation and inflation uncertainty—Cross sectional evidence in favour of the Friedman–Ball hypothesis," Economics Letters, Elsevier, volume 115, issue 2, pages 144-147, DOI: 10.1016/j.econlet.2011.12.036.
• Kamber, Güneş & Thoenissen, Christoph, 2012, "The financial accelerator and monetary policy rules," Economics Letters, Elsevier, volume 115, issue 2, pages 309-313, DOI: 10.1016/j.econlet.2011.12.068.
• Yilmazkuday, Hakan, 2012, "Business cycles through international shocks: A structural investigation," Economics Letters, Elsevier, volume 115, issue 3, pages 329-333, DOI: 10.1016/j.econlet.2011.12.057.
• Ismihan, Mustafa & Ozkan, F. Gulcin, 2012, "Public debt and financial development: A theoretical exploration," Economics Letters, Elsevier, volume 115, issue 3, pages 348-351, DOI: 10.1016/j.econlet.2011.12.040.
• Hayo, Bernd & Neuenkirch, Matthias, 2012, "Bank of Canada communication, media coverage, and financial market reactions," Economics Letters, Elsevier, volume 115, issue 3, pages 369-372, DOI: 10.1016/j.econlet.2011.12.086.
• Mandler, Martin, 2012, "Inflation-regime dependent effects of monetary policy shocks. Evidence from threshold vector autoregressions," Economics Letters, Elsevier, volume 116, issue 3, pages 422-425, DOI: 10.1016/j.econlet.2012.04.027.
• L’œillet, Guillaume & Licheron, Julien, 2012, "How does the European Central Bank react to oil prices?," Economics Letters, Elsevier, volume 116, issue 3, pages 445-447, DOI: 10.1016/j.econlet.2012.04.035.
• Hoerova, Marie & Monnet, Cyril & Temzelides, Ted, 2012, "Money talks," Economics Letters, Elsevier, volume 116, issue 3, pages 617-621, DOI: 10.1016/j.econlet.2012.06.017.
• Sánchez, Marcelo, 2012, "Inflation uncertainty and unemployment uncertainty: Why transparency about monetary policy targets matters," Economics Letters, Elsevier, volume 117, issue 1, pages 119-122, DOI: 10.1016/j.econlet.2012.05.008.
• Ghossoub, Edgar A., 2012, "Financial market participation, financial intermediation, and monetary policy," Economics Letters, Elsevier, volume 117, issue 1, pages 127-130, DOI: 10.1016/j.econlet.2012.04.090.
• Reed, Robert R. & Ghossoub, Edgar A., 2012, "The effects of monetary policy at different stages of economic development," Economics Letters, Elsevier, volume 117, issue 1, pages 138-141, DOI: 10.1016/j.econlet.2012.04.108.
• Briec, Walter & Gabillon, Emmanuelle & Lasselle, Laurence & Ratsimbanierana, Hermann, 2012, "On measuring the efficiency of monetary policy," Economics Letters, Elsevier, volume 117, issue 1, pages 182-185, DOI: 10.1016/j.econlet.2012.04.107.
• Tillmann, Peter, 2012, "Cross-checking optimal monetary policy with information from the Taylor rule," Economics Letters, Elsevier, volume 117, issue 1, pages 204-207, DOI: 10.1016/j.econlet.2012.05.009.
• Altunbas, Yener & Gambacorta, Leonardo & Marques-Ibanez, David, 2012, "Do bank characteristics influence the effect of monetary policy on bank risk?," Economics Letters, Elsevier, volume 117, issue 1, pages 220-222, DOI: 10.1016/j.econlet.2012.04.106.
• Hayo, Bernd & Kutan, Ali M. & Neuenkirch, Matthias, 2012, "Communication matters: US monetary policy and commodity price volatility," Economics Letters, Elsevier, volume 117, issue 1, pages 247-249, DOI: 10.1016/j.econlet.2012.05.018.
• Johnson, Eric D. & Ellis, Michael A. & Kotenko, Diana, 2012, "Consensus building on the FOMC: An analysis of end of tenure policy preferences," Economics Letters, Elsevier, volume 117, issue 1, pages 368-371, DOI: 10.1016/j.econlet.2012.05.045.
• Cassou, Steven P. & Scott, C. Patrick & Vázquez, Jesús, 2012, "Optimal monetary policy with asymmetric preferences for output," Economics Letters, Elsevier, volume 117, issue 3, pages 654-656, DOI: 10.1016/j.econlet.2012.08.009.
• Lartey, Emmanuel K.K., 2012, "Financial openness, nontradable inflation and optimal monetary policy," Economics Letters, Elsevier, volume 117, issue 3, pages 782-785, DOI: 10.1016/j.econlet.2012.08.043.
• Canova, Fabio & Ferroni, Filippo, 2012, "The dynamics of US inflation: Can monetary policy explain the changes?," Journal of Econometrics, Elsevier, volume 167, issue 1, pages 47-60, DOI: 10.1016/j.jeconom.2011.08.008.
• Vašíček, Bořek, 2012, "Is monetary policy in the new EU member states asymmetric?," Economic Systems, Elsevier, volume 36, issue 2, pages 235-263, DOI: 10.1016/j.ecosys.2011.07.003.
• Koivu, Tuuli, 2012, "Monetary policy, asset prices and consumption in China," Economic Systems, Elsevier, volume 36, issue 2, pages 307-325, DOI: 10.1016/j.ecosys.2011.07.001.
• Pirovano, Mara, 2012, "Monetary policy and stock prices in small open economies: Empirical evidence for the new EU member states," Economic Systems, Elsevier, volume 36, issue 3, pages 372-390, DOI: 10.1016/j.ecosys.2012.06.001.
• Petrevski, Goran & Bogoev, Jane, 2012, "Interest rate pass-through in South East Europe: An empirical analysis," Economic Systems, Elsevier, volume 36, issue 4, pages 571-593, DOI: 10.1016/j.ecosys.2012.03.001.
• Jovanovic, Branimir & Petreski, Marjan, 2012, "Monetary policy in a small open economy with fixed exchange rate: The case of Macedonia," Economic Systems, Elsevier, volume 36, issue 4, pages 594-608, DOI: 10.1016/j.ecosys.2012.02.003.
• Ghossoub, Edgar A., 2012, "Liquidity risk and financial competition: Implications for asset prices and monetary policy," European Economic Review, Elsevier, volume 56, issue 2, pages 155-173, DOI: 10.1016/j.euroecorev.2011.09.006.
• Levine, Paul & McAdam, Peter & Pearlman, Joseph, 2012, "Probability models and robust policy rules," European Economic Review, Elsevier, volume 56, issue 2, pages 246-262, DOI: 10.1016/j.euroecorev.2011.08.005.
• Calvo, Guillermo, 2012, "Financial crises and liquidity shocks a bank-run perspective," European Economic Review, Elsevier, volume 56, issue 3, pages 317-326, DOI: 10.1016/j.euroecorev.2011.12.005.
• Brana, Sophie & Djigbenou, Marie-Louise & Prat, Stéphanie, 2012, "Global excess liquidity and asset prices in emerging countries: A PVAR approach," Emerging Markets Review, Elsevier, volume 13, issue 3, pages 256-267, DOI: 10.1016/j.ememar.2012.02.002.
• Jacome H., Luis I. & Saadi Sedik, Tahsin & Townsend, Simon, 2012, "Can emerging market central banks bail out banks? A cautionary tale from Latin America," Emerging Markets Review, Elsevier, volume 13, issue 4, pages 424-448, DOI: 10.1016/j.ememar.2012.07.002.
• Gospodinov, Nikolay & Jamali, Ibrahim, 2012, "The effects of Federal funds rate surprises on S&P 500 volatility and volatility risk premium," Journal of Empirical Finance, Elsevier, volume 19, issue 4, pages 497-510, DOI: 10.1016/j.jempfin.2012.04.009.
• Lyonnet, Victor & Werner, Richard, 2012, "Lessons from the Bank of England on ‘quantitative easing’ and other ‘unconventional’ monetary policies," International Review of Financial Analysis, Elsevier, volume 25, issue C, pages 94-105, DOI: 10.1016/j.irfa.2012.08.001.
• Krainer, Robert E., 2012, "Regulating Wall Street: The Dodd–Frank Act and the New Architecture of Global Finance, a review," Journal of Financial Stability, Elsevier, volume 8, issue 2, pages 121-133, DOI: 10.1016/j.jfs.2011.05.001.
• Borio, Claudio & Zhu, Haibin, 2012, "Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?," Journal of Financial Stability, Elsevier, volume 8, issue 4, pages 236-251, DOI: 10.1016/j.jfs.2011.12.003.
• Mundell, Robert, 2012, "The European fiscal reform and the plight of the euro," Global Finance Journal, Elsevier, volume 23, issue 2, pages 65-76, DOI: 10.1016/j.gfj.2011.10.009.
• Ueda, Kozo, 2012, "Banking globalization and international business cycles: Cross-border chained credit contracts and financial accelerators," Journal of International Economics, Elsevier, volume 86, issue 1, pages 1-16, DOI: 10.1016/j.jinteco.2011.08.012.
• Rondorf, Ulrike, 2012, "Are bank loans important for output growth?," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 22, issue 1, pages 103-119, DOI: 10.1016/j.intfin.2011.08.001.
• Chortareas, Georgios & Jitmaneeroj, Boonlert & Wood, Andrew, 2012, "Forecast rationality and monetary policy frameworks: Evidence from UK interest rate forecasts," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 22, issue 1, pages 209-231, DOI: 10.1016/j.intfin.2011.09.002.
• Srinivasan, Naveen & Kumar, Sudhanshu, 2012, "Zone-quadratic preference, asymmetry and international reserve accretion in India: An empirical investigation," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 22, issue 2, pages 253-263, DOI: 10.1016/j.intfin.2011.09.005.
• Vithessonthi, Chaiporn & Techarongrojwong, Yaowaluk, 2012, "The impact of monetary policy decisions on stock returns: Evidence from Thailand," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 22, issue 3, pages 487-507, DOI: 10.1016/j.intfin.2012.02.003.
• Sinclair, Tara M. & Gamber, Edward N. & Stekler, Herman & Reid, Elizabeth, 2012, "Jointly evaluating the Federal Reserve’s forecasts of GDP growth and inflation," International Journal of Forecasting, Elsevier, volume 28, issue 2, pages 309-314, DOI: 10.1016/j.ijforecast.2011.05.003.
• Naraidoo, Ruthira & Paya, Ivan, 2012, "Forecasting monetary policy rules in South Africa," International Journal of Forecasting, Elsevier, volume 28, issue 2, pages 446-455, DOI: 10.1016/j.ijforecast.2011.04.006.
• Vergote, Olivier & Puigvert Gutiérrez, Josep Maria, 2012, "Interest rate expectations and uncertainty during ECB Governing Council days: Evidence from intraday implied densities of 3-month EURIBOR," Journal of Banking & Finance, Elsevier, volume 36, issue 10, pages 2804-2823, DOI: 10.1016/j.jbankfin.2012.06.014.
• León, Ángel & Sebestyén, Szabolcs, 2012, "New measures of monetary policy surprises and jumps in interest rates," Journal of Banking & Finance, Elsevier, volume 36, issue 8, pages 2323-2343, DOI: 10.1016/j.jbankfin.2012.04.014.
• Gauti B. Eggertsson, 2012, "Was the New Deal Contractionary?," American Economic Review, American Economic Association, volume 102, issue 1, pages 524-555, February.
• Emmanuel Farhi & Jean Tirole, 2012, "Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts," American Economic Review, American Economic Association, volume 102, issue 1, pages 60-93, February.
• Gary Gorton & Stefan Lewellen & Andrew Metrick, 2012, "The Safe-Asset Share," American Economic Review, American Economic Association, volume 102, issue 3, pages 101-106, May.
• Christopher J. Erceg & Jesper Linde, 2012, "Fiscal Consolidation in an Open Economy," American Economic Review, American Economic Association, volume 102, issue 3, pages 186-191, May.
• Gabriel Jimenez & Steven Ongena & Jose-Luis Peydro & Jesus Saurina, 2012, "Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications," American Economic Review, American Economic Association, volume 102, issue 5, pages 2301-2326, August.
• Stephen D. Williamson, 2012, "Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach," American Economic Review, American Economic Association, volume 102, issue 6, pages 2570-2605, October.
• Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2012, "Reset Price Inflation and the Impact of Monetary Policy Shocks," American Economic Review, American Economic Association, volume 102, issue 6, pages 2798-2825, October.
• Günter Coenen & Christopher J. Erceg & Charles Freedman & Davide Furceri & Michael Kumhof & René Lalonde & Douglas Laxton & Jesper Lindé & Annabelle Mourougane & Dirk Muir & Susanna Mursula & Carlos d, 2012, "Effects of Fiscal Stimulus in Structural Models," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 1, pages 22-68, January.
• Anil K. Kashyap & Jeremy C. Stein, 2012, "The Optimal Conduct of Monetary Policy with Interest on Reserves," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 1, pages 266-282, January.
• Olivier Coibion, 2012, "Are the Effects of Monetary Policy Shocks Big or Small?," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 2, pages 1-32, April.
• Charles L. Weise, 2012, "Political Pressures on Monetary Policy during the US Great Inflation," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 2, pages 33-64, April.
• Hervé Le Bihan & Jérémi Montornès & Thomas Heckel, 2012, "Sticky Wages: Evidence from Quarterly Microeconomic Data," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 3, pages 1-32, July, DOI: 10.1257/mac.4.3.1.
• Olivier Coibion & Yuriy Gorodnichenko, 2012, "Why Are Target Interest Rate Changes So Persistent?," American Economic Journal: Macroeconomics, American Economic Association, volume 4, issue 4, pages 126-162, October, DOI: 10.1257/mac.4.4.126.
• Gary Gorton & Andrew Metrick, 2012, "Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide," Journal of Economic Literature, American Economic Association, volume 50, issue 1, pages 128-150, March.
• Andrew W. Lo, 2012, "Reading about the Financial Crisis: A Twenty-One-Book Review," Journal of Economic Literature, American Economic Association, volume 50, issue 1, pages 151-178, March.
• Refet S. Gürkaynak & Jonathan H. Wright, 2012, "Macroeconomics and the Term Structure," Journal of Economic Literature, American Economic Association, volume 50, issue 2, pages 331-367, June.
• Kazuo Ueda, 2012, "Deleveraging and Monetary Policy: Japan since the 1990s and the United States since 2007," Journal of Economic Perspectives, American Economic Association, volume 26, issue 3, pages 177-202, Summer, DOI: 10.1257/jep.26.3.177.
• Christophe Andre & Rangan Gupta & Patrick T. Kanda, 2012, "Do House Prices Impact Consumption and Interest Rate? Evidence from OECD Countries using an Agnostic Identification Procedure," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, volume 58, issue 1, pages 19-70, DOI: 10.3790/aeq.58.1.19.
• Fatih Macit, 2012, "Does Bank Ownership Affect the Credit Channel of Monetary Policy?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, volume 58, issue 2, pages 139-151, DOI: 10.3790/aeq.58.2.139.
• Moses Muse Sichei & Daniel Amanja & Samuel Tiriongo, 2012, "Government Deposits at the Central Bank and Monetary Policy Operations in a Monetary Targeting Framework: A Threshold Autoregressive Model for Kenya," The African Finance Journal, Africagrowth Institute, volume 14, issue 2, pages 23-42.
• Bleich, Dirk & Fendel, Ralf, 2012, "Monetary Policy Conditions in Spain Before and After the Changeover to the Euro: A Taylor Rule Based Assessment," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, volume 8, issue 01, pages 1-17, February, DOI: 10.22004/ag.econ.143463.
• Coroneo, Laura & Corradi, Valentina & Santos Monterio, Paulo, , "Testing for optimal monetary policy via moment inequalities," Economic Research Papers, University of Warwick - Department of Economics, number 270654, DOI: 10.22004/ag.econ.270654.
• Mavromatis, Konstantinos, , "Markov Switching Monetary Policy in a two-country DSGE Model," Economic Research Papers, University of Warwick - Department of Economics, number 270742, DOI: 10.22004/ag.econ.270742.
• Lise Clain-Chamosset-Yvrard & Thomas Seegmuller, 2012, "Rational Bubbles and Macroeconomic Fluctuations. The(De-)Stabilizing Role of Monetary Policy," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1207, Mar, revised 23 Mar 2012.
• Luiza Loredana Nastase, 2012, "The Euro Area Crisis," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, volume 1, issue 40, pages 184-187.
• Coralia Emilia Popa, 2012, "The Reference Interest Rate And It’S Role In Economy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, volume 3, issue 40, pages 165-170.
• Coralia POPA & Ruxandra BUSNEAG, 2012, "The management of interest rate in the context of the monetary policy promoted by the National Bank of Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, volume 1, issue 14, pages 157-163, December.
• Marin OPRITESCU & Ramona Andreea TEICA & Mihaita DUTA, 2012, "Monetary policy where to?," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, volume 1, issue 14, pages 37-44, December.
• Jenica POPESCU & Mircea Gabriel CIOLPAN, 2012, "Financial stability - major objective of the central banks," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, volume 1, issue 14, pages 95-98, December.
• Cornea, A. & Hommes, C.H. & Massaro, D., 2012, "Behavioral Heterogeneity in U.S. Inflation Dynamics," CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance, number 12-03.
• Assenza, T. & Delli Gatti, D., 2012, "E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies," CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance, number 12-08.
• DE CEUSTER, Marc J.K. & LI, Jie & ZHANG, Hairui, 2012, "Did federal funds target rate changes affect the market value of insurance companies?," Working Papers, University of Antwerp, Faculty of Business and Economics, number 2012027, Dec.
• Ignacio Scoccimarro, 2012, "Efectos de la política monetaria en un modelo de precios rígidos en distintas monedas," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., volume 1, issue 6, pages 21-40, Octubre.
• Christian Matthes & Francesca Rondina, 2012, "Two-sided Learning in New Keynesian Models: Dynamics, (Lack of) Convergence and the Value of Information," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC), number 913.12, Oct.
• Conrad, Christian & Eife, Thomas A., 2012, "Explaining Inflation-Gap Persistence by a Time-Varying Taylor Rule," Working Papers, University of Heidelberg, Department of Economics, number 0521, Feb.
• Leonardo Gambacorta & Boris Hofmann, 2012, "The economic effects of central bank bond purchase programmes," BANCARIA, Bancaria Editrice, volume 3, pages 38-50, March.
• Garabed Minassian, 2012, "Economy, Business and Management," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-26,27-48.
• Jürgen Jerger & Oke Röhe, 2012, "Testing for Parameter Stability in DSGE Models. The Cases of France, Germany, Italy, and Spain," Working Papers, Bavarian Graduate Program in Economics (BGPE), number 118, Apr.
• Yunus Aksoy & Henriqu S Basso, 2012, "Liquidity, Term Spreads and Monetary Policy," Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics, number 1211, Apr.
• Santiago Fernandez de Lis & Alicia Garcia-Herrero, 2012, "Dynamic provisioning: a buffer rather than a countercyclical tool?," Working Papers, BBVA Bank, Economic Research Department, number 1222, Oct.
• Donald Coletti & René Lalonde & Paul Masson & Dirk Muir & Stephen Snudden, 2012, "Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting," Staff Working Papers, Bank of Canada, number 12-16, DOI: 10.34989/swp-2012-16.
• Christiane Baumeister & Luca Benati, 2012, "Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound," Staff Working Papers, Bank of Canada, number 12-21, DOI: 10.34989/swp-2012-21.
• Robert Amano & Thomas J. Carter & Kevin Moran, 2012, "Inflation and Growth: A New Keynesian Perspective," Staff Working Papers, Bank of Canada, number 12-23, DOI: 10.34989/swp-2012-23.