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

2003

• Richard Dennis, 2003, "New Keynesian Optimal Policy Models: An Empirical Assessment," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-16, Nov, DOI: 10.24148/wp2003-16.
• Glenn D. Rudebusch & Tao Wu, 2003, "A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-17, Dec, DOI: 10.24148/wp2003-17.
• Athanasios Orphanides & John C. Williams, 2003, "The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-24, Dec, DOI: 10.24148/wp2003-24.
• Athanasios Orphanides & John C. Williams, 2003, "Robust monetary policy rules with unknown natural rates," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2003-11.
• Athanasios Orphanides & John C. Williams, 2003, "Inflation scares and forecast-based monetary policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2003-41.
• Fabrice Collard & Harris Dellas, 2003, "The great inflation of the 1970s," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Michael Ehrmann & Marcel Fratzscher, 2003, "Interdependence between the Euro area and the U.S.: what role for EMU?," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Athanasios Orphanides & John C. Williams, 2003, "The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Pierpaolo Benigno & Michael Woodford, 2003, "Optimal monetary and fiscal policy: a linear-quadratic approach," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Nicoletta Batini & Paul Levine & Joseph Pearlman, 2003, "Indeterminacy with inflation-forecast-cased rules in a two-bloc model," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Ester Faia & Tommaso Monacelli, 2003, "Ramsey monetary policy and international relative prices," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
• Joseph H. Haslag & Antoine Martin, 2003, "Optimality of the Friedman rule in overlapping generations model with spatial separation," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 03-03.
• Sharon Kozicki & Peter A. Tinsley, 2003, "Permanent and transitory policy shocks in an empirical macro model with asymmetric information," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 03-09.
• Richard Mash, 2003, "A Note on Simple MSV Solution Methods for Rational Expectations Models of Monetary Policy," Economics Series Working Papers, University of Oxford, Department of Economics, number 173, Oct.
• Richard Mash, 2003, "New Keynesian Microfoundations Revisited: A Calvo-Taylor-Rule-of-Thumb Model and Optimal Monetary Policy Delegation," Economics Series Working Papers, University of Oxford, Department of Economics, number 174, Oct.
• Dieter Helm & Cameron Hepburn & Richard Mash, 2003, "Time Inconsistent Environmental Policy and Optimal Delegation," Economics Series Working Papers, University of Oxford, Department of Economics, number 175, Oct.
• Edward F. Buffie, 2003, "Tight Money, Real Interest Rates, and Inflation in Sub-Saharan Africa," IMF Staff Papers, Palgrave Macmillan, volume 50, issue 1, pages 1-6.
• Roberto S. Mariano & Francisco G. Dakila Jr. & Racquel A. Claveria, 2003, "The Bangko Sentral’s structural long-term inflation forecasting model for the Philippines," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, volume 40, issue 1, pages 58-72, June.
• Alvaro Aguiar & Manuel M. F. Martins, 2003, "Macroeconomic Volatility Trade-off and Monetary Policy Regime in the Euro Area," FEP Working Papers, Universidade do Porto, Faculdade de Economia do Porto, number 123, Mar.
• Dai, Meixing, 2003, "Une note sur la règle du taux d’intérêt et le rôle de la courbe LM
  [A note on the interest rate rule and the role of LM curve]," MPRA Paper, University Library of Munich, Germany, number 13779, Dec, revised Mar 2009.
• Dai, Meixing & Sidiropoulos, Moïse, 2003, "Les prix des actifs et la stratégie de politique monétaire de la BCE
  [Asset prices and the monetary policy strastegy of the ECB]," MPRA Paper, University Library of Munich, Germany, number 13833, Jul, revised Jul 2003.
• Dai, Meixing & Sidiropoulos, Moïse, 2003, "Inflation Targeting, Capital Mobility and Macroeconomic Stability," MPRA Paper, University Library of Munich, Germany, number 13858, Jul, revised May 2005.
• Grech, Aaron George, 2003, "The Framework of Monetary Policy in Malta," MPRA Paper, University Library of Munich, Germany, number 33464, Jul.
• cavalieri, duccio, 2003, "On the closure of the monetary circuit," MPRA Paper, University Library of Munich, Germany, number 43836, Dec.
• Chmielewski, Tomasz, 2003, "Interest rate pass-through in the Polish banking sector and bank-specific financial disturbances," MPRA Paper, University Library of Munich, Germany, number 5133, Nov, revised 31 Jan 2004.
• Souza-Sobrinho, Nelson, 2003, "Uma Avaliação do Canal de Crédito no Brasil
  [An Assessment of the Credit Channel in Brazil]," MPRA Paper, University Library of Munich, Germany, number 5160.
• Londero, Elio, 2003, "Trade Liberalization and Adjustment in Argentina," MPRA Paper, University Library of Munich, Germany, number 85364.
• Kirrane, Chris, 2003, "The IMS and the Euro," MPRA Paper, University Library of Munich, Germany, number 88751, Mar.
• Michal Kvasnička, 2003, "Vypovídací schopnost makroagregátů při hodnocení výsledků hospodářské politiky
  [Possibilities of macroeconomic policy evaluation on the basis of macroaggregates]," Politická ekonomie, Prague University of Economics and Business, volume 2003, issue 6, DOI: 10.18267/j.polek.443.
• Christian de Boissieu, 2003, "L’élargissement et l’euro," Revue d'Économie Financière, Programme National Persée, volume 72, issue 3, pages 107-113, DOI: 10.3406/ecofi.2003.4872.
• Zeno Rotondi & Giacomo Vaciago, 2003, "The reputation of a newborn central bank," BNL Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 224, pages 3-22.
• Philip Arestis & Malcolm Sawyer, 2003, "Does the stock of money have any causal significance?," BNL Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 225, pages 113-136.
• Jorg Bibow, 2003, "On the 'burden' of German unification," BNL Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 225, pages 137-169.
• Zeno Rotondi & Giacomo Vaciago, 2003, "The reputation of a newborn central bank," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 224, pages 3-22.
• Philip Arestis & Malcolm Sawyer, 2003, "Does the stock of money have any causal significance?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 225, pages 113-136.
• Jorg Bibow, 2003, "On the 'burden' of German unification," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, volume 56, issue 225, pages 137-169.
• Paolo Sylos Labini, 2003, "Le prospettive dell'economia mondiale," Moneta e Credito, Economia civile, volume 56, issue 223, pages 267-294.
• Pedro Teles & Juan Pablo Nicolini, 2003, "Optimal Fiscal and Monetary Policy: Equivalence Results," Working Papers, Banco de Portugal, Economics and Research Department, number w200303.
• Nuno Alves, 2003, "The Distribution of Liquidity in a Monetary Union with Different Portfolio Rigidities," Working Papers, Banco de Portugal, Economics and Research Department, number w200306.
• George Kapetanios & Massimiliano Marcellino, 2003, "A Comparison of Estimation Methods for Dynamic Factor Models of Large Dimensions," Working Papers, Queen Mary University of London, School of Economics and Finance, number 489, Apr.
• Gerhard Sorger, 2003, "Inflation Forecast Targeting in an Overlapping Generations Model," Working Papers, Queen Mary University of London, School of Economics and Finance, number 491, May.
• David Gruen & Michael Plumb & Andrew Stone, 2003, "How Should Monetary Policy Respond to Asset-price Bubbles?," RBA Annual Conference Volume (Discontinued), Reserve Bank of Australia, in: Anthony Richards & Tim Robinson, "Asset Prices and Monetary Policy".
• Jonathan Coppel & Ellis Connolly, 2003, "What Do Financial Market Data Tell Us about Monetary Policy Transparency?," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2003-05, May.
• Gianni La Cava & John Simon, 2003, "A Tale of Two Surveys: Household Debt and Financial Constraints in Australia," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2003-08, Jul.
• David Gruen & Michael Plumb & Andrew Stone, 2003, "How Should Monetary Policy Respond to Asset-price Bubbles?," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2003-11, Nov.
• Tim Robinson & Andrew Stone & Marileze van Zyl, 2003, "The Real-time Forecasting Performance of Phillips Curves," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2003-12, Dec.
• Peter Ireland, 2003, "Implementing the Friedman Rule," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, volume 6, issue 1, pages 120-134, January, DOI: 10.1016/S1094-2025(02)00011-X.
• 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, volume 6, issue 3, pages 498-512, July, DOI: 10.1016/S1094-2025(03)00017-6.
• Dionísio Dias Carneiro & Thomas Wu, 2003, "Instabilidade e incerteza: curva IS com dados de longo prazo," Textos para discussão, Department of Economics PUC-Rio (Brazil), number 476, Aug.
• Dušan Zbašnik, 2003, "Financial Deindexation in Slovenia," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, volume 56, issue 1, pages 137-146.
• Benson Durham, 2003, "Do smaller budget deficits and inflation targets lower disinflation costs?," Journal of Financial Transformation, Capco Institute, volume 7, pages 25-29.
• Jose R. Sanchez-Fung, 2003, "Monetary policy reaction dynamics in a developing economy: evidence for the Dominican Republic," Economics Discussion Papers, School of Economics, Kingston University London, number 2003-1, Jan.
• Jose R. Sanchez-Fung, 2003, "Monetary policy reaction dynamics in a developing economy: evidence for the Dominican Republic," Economics Discussion Papers, School of Economics, Kingston University London, number 2003-13, Nov.
• Franco Reither, 2003, "Grundzuege der Neuen Keynesianischen Makrooekonomik," Working Paper, Helmut Schmidt University, Hamburg, number 19/2003, Aug.
• Croitoru, Lucian & Tarhoaca, Cornel, 2003, "The Difficult Task Of Maintaining Credibility," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 1, pages 5-14, June.
• Daianu, Daniel & Vranceanu, Radu, 2003, "Subduing High Inflation In Romania. How To Better Monetary And Exchange Rate Mechanisms?," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 3, pages 5-36, September.
• Botel, Cezar, 2003, "Monetary Policy, Exchange Rate, And The Transmission Mechanism In Romania: A Structural Var Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 4, pages 65-85, December.
• Giancarlo Marini & Giovanni Piersanti, 2003, "Fiscal Deficits and Currency Crises," CEIS Research Paper, Tor Vergata University, CEIS, number 15, May.
• Guglielmo Maria Caporale & Andrea Cipollini & Panicos Demetriades, 2003, "Monetary Policy and the Exchange Rate During the Asian Crisis: Identification Through Heteroscedasticity," CEIS Research Paper, Tor Vergata University, CEIS, number 23, Jun.
• Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability," Departmental Working Papers, Rutgers University, Department of Economics, number 200304, Feb.
• Patrick Minford & Francesco Perugini & Naveen Srinivasan, 2003, "How Different are Money Supply Rules from Taylor Rules?," Indian Economic Review, Department of Economics, Delhi School of Economics, volume 38, issue 2, pages 157-166, July.
• Maghyereh, Aktham, 2003, "Financial Liberalization and Stability Demand for Money in Emerging Economies: Evidence from Jordan," Applied Econometrics and International Development, Euro-American Association of Economic Development, volume 3, issue 2.
• Sanchez-Fung Jose R., 2003, "Monetary Policy Reaction Dynamics In A Developing Economy: Evidence For The Dominican Republic," Applied Econometrics and International Development, Euro-American Association of Economic Development, volume 3, issue 1.
• Ognian Gerdzikov & Anton Gladnishki & Tsvetan Hadzhiyski & Mincho Karavastev & Anthonie Knoester & Gergana Mihaylova & Albena Nikolova & Plamena Petrova & Milen Troskov & Stefan Tsvetkov & Andrei Vasi, 2003, "The AEAF Model: A Medium Term Annual Model of the Bulgarian Economy," Working paper series, Agency for Economic Analysis and Forecasting, number 22003en, Jun.
• Anthonie Knoester & Nico van der Windt, 2003, "The Need for Economic Models in Economic Policy Making," Working paper series, Agency for Economic Analysis and Forecasting, number 32003en, Jun.
• Würtz, Flemming Reinhardt, 2003, "A comprehensive model on the euro overnight rate," Working Paper Series, European Central Bank, number 207, Jan.
• Schmitt-Grohé, Stephanie & Uribe, Martín, 2003, "Anticipated Ramsey reforms and the uniform taxation principle: the role of international financial markets," Working Paper Series, European Central Bank, number 210, Jan.
• Ca' Zorzi, Michele & De Santis, Roberto A., 2003, "The admission of accession countries to an enlarged monetary union: a tentative assessment," Working Paper Series, European Central Bank, number 216, Feb.
• Wieland, Volker & Coenen, Günter, 2003, "The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan," Working Paper Series, European Central Bank, number 218, Mar.
• Backé, Peter, 2003, "Optimal monetary policy with imperfect common knowledge," Working Paper Series, European Central Bank, number 223, Apr.
• Kilian, Lutz & Manganelli, Simone, 2003, "The central bank as a risk manager: quantifying and forecasting inflation risks," Working Paper Series, European Central Bank, number 226, Apr.
• Monacelli, Tommaso, 2003, "Monetary policy in a low pass-through environment," Working Paper Series, European Central Bank, number 227, Apr.
• Klaeffling, Matt, 2003, "Monetary policy shocks - a nonfundamental look at the data," Working Paper Series, European Central Bank, number 228, May.
• Surico, Paolo, 2003, "How does the ECB target inflation?," Working Paper Series, European Central Bank, number 229, May.
• Orphanides, Athanasios & Wieland, Volker & Coenen, Günter, 2003, "Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero," Working Paper Series, European Central Bank, number 231, May.
• Rich, Georg, 2003, "Swiss monetary policy targeting 1974-1996: the role of internal policy analysis," Working Paper Series, European Central Bank, number 236, Jun.
• Ehrmann, Michael & Backé, Peter, 2003, "Monetary policy transmission in the euro area: any changes after EMU?," Working Paper Series, European Central Bank, number 240, Jul.
• Ejerskov, Steen & Martin Moss, Clara & Stracca, Livio, 2003, "How does the ECB allot liquidity in its weekly main refinancing operations? A look at the empirical evidence," Working Paper Series, European Central Bank, number 244, Jul.
• Backé, Peter & Smets, Frank & Coenen, Günter, 2003, "Persistence, the transmission mechanism and robust monetary policy," Working Paper Series, European Central Bank, number 250, Aug.
• Brand, Claus & Reimers, Hans-Eggert & Seitz, Franz, 2003, "Forecasting real GDP: what role for narrow money?," Working Paper Series, European Central Bank, number 254, Sep.
• Gerling, Kerstin & Grüner, Hans Peter & Kiel, Alexandra & Schulte, Elisabeth, 2003, "Information acquisition and decision making in committees: a survey," Working Paper Series, European Central Bank, number 256, Sep.
• Klaeffling, Matt, 2003, "Macroeconomic modelling of monetary policy," Working Paper Series, European Central Bank, number 257, Sep.
• Gerlach-Kristen, Petra, 2003, "Interest rate reaction functions and the Taylor rule in the euro area," Working Paper Series, European Central Bank, number 258, Sep.
• Donati, Paola, 2003, "Indeterminacy of rational expectations equilibria in sequential financial markets," Working Paper Series, European Central Bank, number 262, Sep.
• Süppel, Ralph, 2003, "Comparing economic dynamics in the EU and CEE accession countries," Working Paper Series, European Central Bank, number 267, Sep.
• Angeloni, Ignazio & Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele, 2003, "The output composition puzzle: a difference in the monetary transmission mechanism in the euro area and U.S," Working Paper Series, European Central Bank, number 268, Sep.
• Coenen, Günter, 2003, "Zero lower bound: is it a problem in the euro area?," Working Paper Series, European Central Bank, number 269, Sep.
• Coenen, Günter, 2003, "Downward nominal wage rigidity and the long-run Philips Curve: simulation-based evidence for the euro area," Working Paper Series, European Central Bank, number 270, Sep.
• Klaeffling, Matt & López Pérez, Víctor, 2003, "Inflation targets and the liquidity trap," Working Paper Series, European Central Bank, number 272, Sep.
• Castelnuovo, Efrem & Rodriguez-Palenzuela, Diego & Nicoletti Altimari, Sergio, 2003, "Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations," Working Paper Series, European Central Bank, number 273, Sep.
• Beyer, Andreas & Farmer, Roger E. A., 2003, "Identifying the monetary transmission mechanism using structural breaks," Working Paper Series, European Central Bank, number 275, Sep.
• Benigno, Gianluca & Benigno, Pierpaolo, 2003, "Designing targeting rules for international monetary policy cooperation," Working Paper Series, European Central Bank, number 279, Oct.
• Klump, Rainer, 2003, "Inflation, factor substitution and growth," Working Paper Series, European Central Bank, number 280, Oct.
• Yetman, James, 2003, "The credibility of the monetary policy "free lunch"," Working Paper Series, European Central Bank, number 284, Nov.
• Monti, Francesca V., 2003, "Implementing optimal control in cointegrated I(1) structural VAR models," Working Paper Series, European Central Bank, number 288, Nov.
• Sutherland, Alan & Lombardo, Giovanni, 2003, "Monetary and fiscal interactions in open economies," Working Paper Series, European Central Bank, number 289, Nov.
• Coenen, Günter, 2003, "Inflation persistence and robust monetary policy design," Working Paper Series, European Central Bank, number 290, Nov.
• Surico, Paolo, 2003, "Measuring the time-inconsistency of US monetary policy," Working Paper Series, European Central Bank, number 291, Nov.
• Moneta, Fabio, 2003, "Does the yield spread predict recessions in the euro area?," Working Paper Series, European Central Bank, number 294, Dec.
• Cassola, Nuno & Ejerskov, Steen & Ewerhart, Christian & Valla, Natacha, 2003, "Optimal allotment policy in the Eurosystem's main refinancing operations," Working Paper Series, European Central Bank, number 295, Dec.
• Warne, Anders & Villani, Mattias, 2003, "Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs," Working Paper Series, European Central Bank, number 296, Dec.
• Hayo, Bernd & Volker Clausen, 2003, "Monetary Policy in the Euro Area - Lessons from the First Years," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 103, Jun.
• Kim, Dong Heon & Denise R Osborn & Marianne Sensier, 2003, "Nonlinearity in the Fed's Monetary Policy Rule," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 121, Jun.
• Mateut, Simona & Spiros Bougheas & Paul Mizen, 2003, "Trade Credit, Bank Lending and Monetary Policy Transmission," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 149, Jun.
• Neyer, Ulrike, 2003, "Banks' Behaviour in the European Money Market and the Operational Framework of the Eurosystem," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 158, Jun.
• Rigon, Massimiliano, 2003, "Monetary Policy in Open Economies: Price Inertia and Inflation Targeting," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 173, Jun.
• Schabert, Andreas, 2003, "Interactions of monetary and fiscal policy in a business cycle model with open market operations," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 184, Jun.
• Surico, Paolo, 2003, "US Monetary Policy Rules: the Case for Asymmetric Preferences," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 199, Jun.
• Castelnuovo, Efrem & Paolo Surico, 2003, "Why are Federal Funds Rates so Smooth?," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 39, Jun.
• Cooke, Dudley, 2003, "Exchange Rate Volatility and Consumption Home-Bias," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 49, Jun.
• d'Amico, Stefania & Mira Farka, 2003, "The Fed and Stock Market: A Proxy and Instrumental Variable Identification," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 52, Jun.
• Demertzis, Maria & Andrew Hughes Hallett, 2003, "Central Bank Transparency in Theory and Practice," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 56, Jun.
• Domenech, Rafael & Javier Andres, 2003, "Automatic Stabilizers and Monetary Rules in a Ricardian Economy," Royal Economic Society Annual Conference 2003, Royal Economic Society, number 66, Jun.
• Berthold Herrendorf & Manfred J.M. Neumann, 2003, "The Political Economy of Inflation, Labour Market Distortions and Central Bank Independence," Economic Journal, Royal Economic Society, volume 113, issue 484, pages 43-64, January.
• Willem H. Buiter & Nikolaos Panigirtzoglou, 2003, "Overcoming the zero bound on nominal interest rates with negative interest on currency: gesell's solution," Economic Journal, Royal Economic Society, volume 113, issue 490, pages 723-746, October.
• Juan Ayuso & Rafael Repullo, 2003, "A Model of the Open Market Operations of the European Central Bank," Economic Journal, Royal Economic Society, volume 113, issue 490, pages 883-902, October.
• Batini, Nicoletta & Harrison, Richard & Millard, Stephen P., 2003, "Monetary policy rules for an open economy," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11-12, pages 2059-2094, September.
• Batini, Nicoletta & Harrison, Richard & Millard, Stephen P., 2003, "Monetary policy rules for an open economy," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11, pages 2059-2094, DOI: 10.1016/S0165-1889(02)00116-1.
• Lioui, Abraham & Poncet, Patrice, 2003, "Dynamic asset pricing with non-redundant forwards," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 7, pages 1163-1180, May.
• Ehrmann, Michael & Smets, Frank, 2003, "Uncertain potential output: implications for monetary policy," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 9, pages 1611-1638, July.
• Robalo Marques, Carlos & Duarte Neves, Pedro & Morais Sarmento, Luis, 2003, "Evaluating core inflation indicators," Economic Modelling, Elsevier, volume 20, issue 4, pages 765-775, July.
• Goodhart, Charles & Pappa, Evi, 2003, "The transition from national currencies to the euro," Economics Letters, Elsevier, volume 79, issue 1, pages 83-88, April.
• Amato, Jeffery D. & Laubach, Thomas, 2003, "Rule-of-thumb behaviour and monetary policy," European Economic Review, Elsevier, volume 47, issue 5, pages 791-831, October.
• Bordo, Michael D. & Dueker, Michael J. & Wheelock, David C., 2003, "Aggregate price shocks and financial stability: the United Kingdom 1796-1999," Explorations in Economic History, Elsevier, volume 40, issue 2, pages 143-169, April.
• Prati, Alessandro & Bartolini, Leonardo & Bertola, Giuseppe, 2003, "The overnight interbank market: Evidence from the G-7 and the Euro zone," Journal of Banking & Finance, Elsevier, volume 27, issue 10, pages 2045-2083, October.
• Soderlind, Paul, 2003, "Monetary policy and bond option pricing in an analytical RBC model," Journal of Economics and Business, Elsevier, volume 55, issue 4, pages 321-330.
• Nelson, Edward & Nikolov, Kalin, 2003, "UK inflation in the 1970s and 1980s: the role of output gap mismeasurement," Journal of Economics and Business, Elsevier, volume 55, issue 4, pages 353-370.
• J. David López-Salido & Andrew Levin, 2003, "Monetary Policy Implications of Endogenous Capital Accumulation," Computing in Economics and Finance 2003, Society for Computational Economics, number 122, Aug.
• John C. Williams & Athanasios Orphanides, 2003, "Inflation Scares and Monetary Policy," Computing in Economics and Finance 2003, Society for Computational Economics, number 125, Aug.
• Frank Smets & Ignazio Angeloni & Gunter Coenen, 2003, "Persistence, the Transmission Mechanism and Robust Monetary Policy," Computing in Economics and Finance 2003, Society for Computational Economics, number 137, Aug.
• Volker Wieland & Gunter Coenen, 2003, "The Zero-Interest-Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan," Computing in Economics and Finance 2003, Society for Computational Economics, number 138, Aug.
• Paolo ANGELINI & Paolo DEL GIOVANE, 2003, "Aggregate and disaggregate information in euro-area monetary policy-making," Computing in Economics and Finance 2003, Society for Computational Economics, number 158, Aug.
• Noah Williams & Alexei Onatski, 2003, "Robust Monetary Policy Rules for the Short and Long Run," Computing in Economics and Finance 2003, Society for Computational Economics, number 185, Aug.
• Paolo Pesenti & Michel Juillard & Douglas Laxton, 2003, "Is There A Role For Asset Prices In Monetary Rules? Some Welfare Analysis Based On Perturbation Methods," Computing in Economics and Finance 2003, Society for Computational Economics, number 202, Aug.
• John C. Williams & Andrew T. Levin, 2003, "Parameter Uncertainty and the Central Bank's Objective Function," Computing in Economics and Finance 2003, Society for Computational Economics, number 215, Aug.
• Frank Schorfheide & Thomas A. Lubik, 2003, "Estimating Monetary Policy Rules in Small Open Economies: A Structural Approach," Computing in Economics and Finance 2003, Society for Computational Economics, number 225, Aug.
• federico ravenna & fabio natalucci, 2003, "the road to adopting the euro: monetary policy and exchange rate regimes in EU candidate countries," Computing in Economics and Finance 2003, Society for Computational Economics, number 227, Aug.
• Thomas A. Lubik & Michael U. Krause, 2003, "Real Wage Dynamics in a Monetary Business Cycle Model with Search Frictions," Computing in Economics and Finance 2003, Society for Computational Economics, number 230, Aug.
• Peter McAdam & Alistair Dieppe & Jerome Henry, 2003, "Robust Monetary Policy Rules in the Area Wide Model," Computing in Economics and Finance 2003, Society for Computational Economics, number 258, Aug.
• Klaus Adam, 2003, "Optimal Monetary Policy with Imperfect Common Knowledge," Computing in Economics and Finance 2003, Society for Computational Economics, number 263, Aug.
• Fabio Milani & Francesco Belviso, 2003, "Structural Factor-Augmented VAR (SFAVAR)," Computing in Economics and Finance 2003, Society for Computational Economics, number 278, Aug.
• Fabio Milani, 2003, "Adaptive Learning, Model Uncertainty and Monetary Policy Inertia in a Large Information Environment," Computing in Economics and Finance 2003, Society for Computational Economics, number 280, Aug.
• Pedro Bacao & Fernando Alexandre, 2003, "Equity Prices and Monetary Policy: An Overview with an Exploratory Model," Computing in Economics and Finance 2003, Society for Computational Economics, number 290, Aug.
• John C. Williams & Andrew T. Levin, 2003, "Robust Monetary Policy with Competing Reference Models," Computing in Economics and Finance 2003, Society for Computational Economics, number 291, Aug.
• James Yetman, 2003, "The Believability of Central Bank Forecasts," Computing in Economics and Finance 2003, Society for Computational Economics, number 295, Aug.
• Fernando Alexandre, 2003, "Monetary policy, investment and non-fundamental shocks," Computing in Economics and Finance 2003, Society for Computational Economics, number 296, Aug.
• Hyun Song Shin & Jeffery D. Amato, 2003, "Public and Private Information in Monetary Policy Models," Computing in Economics and Finance 2003, Society for Computational Economics, number 38, Aug.
• Ulf Soderstrom & Richard Dennis, 2003, "How Important is Precommitment for Monetary Policy?," Computing in Economics and Finance 2003, Society for Computational Economics, number 49, Aug.
• Maik Heinemann, 2003, "Indeterminacy and interest rate rules: The role of fiscal policy," Computing in Economics and Finance 2003, Society for Computational Economics, number 55, Aug.
• I-Lok Chang & P.A.V.B. Swamy & George S. Tavlas, 2003, "How stable are monetary policy rules: Estimating the time-varying coefficients in a monetary policy reaction function for the U.S," Computing in Economics and Finance 2003, Society for Computational Economics, number 89, Aug.
• Rochelle Edge & Thomas Laubach, 2003, "The Optimal Monetary Policy Response to Shifts in Trend MFP Growth: A DGE Analysis," Computing in Economics and Finance 2003, Society for Computational Economics, number 93, Aug.
• Hans-Eggert Reimers, 2003, "Does Money Include Information for Output in the Euro Area?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), volume 139, issue II, pages 231-252, June.
• Michael Gail, 2003, "Habit Persistence in Consumption in a Sticky Price Model of the Business Cycle," Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht, number 111-03, Jul, revised Jul 2004.
• Mathias Zurlinden, 2005, "Credit in the monetary transmission mechanism: An overview of some recent research using Swiss data," Economic Studies, Swiss National Bank, number 2005-01.
• Fabio C. Bagliano & Claudio Morana, 2003, "A common trends model of UK core inflation," Empirical Economics, Springer, volume 28, issue 1, pages 157-172, January, DOI: 10.1007/s001810100124.
• Maurizio Motolese, 2003, "Endogenous uncertainty and the non-neutrality of money," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 21, issue 2, pages 317-345, March, DOI: 10.1007/s00199-002-0293-8.
• Christian Ghiglino & Karl Shell, 2003, "The economic effects of restrictions on government budget deficits: imperfect private credit markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 21, issue 2, pages 399-421, March, DOI: 10.1007/s00199-002-0288-5.
• Hakan Berument & Burak Doan, 2003, "Openness and the effectiveness of monetary policy: empirical evidence from Turkey," Applied Economics Letters, Taylor & Francis Journals, volume 10, issue 4, pages 217-221, DOI: 10.1080/1350485022000015842.
• Tao Wu, 2003, "Stylized facts on nominal term structure and business cycles: an empirical VAR study," Applied Economics, Taylor & Francis Journals, volume 35, issue 8, pages 901-906, DOI: 10.1080/0003684022000018204.
• Elio Londero, 2003, "Trade liberalization and adjustment in Argentina," The Journal of International Trade & Economic Development, Taylor & Francis Journals, volume 12, issue 3, pages 225-246, DOI: 10.1080/0963819032000132094.
• Kenneth West, 2003, "Monetary policy and the volatility of real exchange rates in New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, volume 37, issue 2, pages 175-196, DOI: 10.1080/00779950309544383.
• A. Hakan Kara, 2003, "Optimal Monetary Policy, Commitment, and Imperfect Credibility," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0301.
• Jan Marc Berk & Beata K. Bierut, 2003, "Committee Structure and its Implications for Monetary Policy Decision-making," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 03-053/2, Jun.
• Schaling, E., 2003, "Learning, Inflation Reduction and Optimal Monetary Policy," Discussion Paper, Tilburg University, Center for Economic Research, number 2003-74.
• Peter van Els & Alberto Locarno & Benoît Mojon & Julian Morgan, 2003, "New Macroeconomic Evidence on Monetary Policy Transmission in the Euro Area," Journal of the European Economic Association, MIT Press, volume 1, issue 2-3, pages 720-730, 04/05.
• Jean-Bernard Chatelain & Michael Ehrmann & Andrea Generale & Jorge Martínez-Pagés & Philip Vermeulen & Andreas Worms, 2003, "Monetary Policy Transmission in the Euro Area: New Evidence From Micro Data on Firms and Banks," Journal of the European Economic Association, MIT Press, volume 1, issue 2-3, pages 731-742, 04/05.
• Jon Faust & John H. Rogers & Eric Swanson & Jonathan H. Wright, 2003, "Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data," Journal of the European Economic Association, MIT Press, volume 1, issue 5, pages 1031-1057, September.
• Thomas Laubach & John C. Williams, 2003, "Measuring the Natural Rate of Interest," The Review of Economics and Statistics, MIT Press, volume 85, issue 4, pages 1063-1070, November.
• Khalid Sekkat & Marco Buti & Carlos Martinez-Mongay & Paul van den Noord, 2003, "Automatic fiscal stabilisers in EMU: a conflict between efficiency and stabilization?," ULB Institutional Repository, ULB -- Universite Libre de Bruxelles, number 2013/7354.
• Meixing Dai & Moïse Sidiropoulos, 2003, "Règle du taux d’intérêt optimale, prix des actions et taux d’inflation anticip? : une étude de la stabilit? macroéconomique," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), volume 0, issue 4, pages 115-140, December.
• Giuseppe Diana & Moise Sidiropoulos, 2003, "Central Bank Independence, Speed of Disinflation and the Sacrifice Ratio," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2003-08.
• Joe Haslag & R.W. Hafer & Garett Jones, 2003, "The Effect of Monetary Policy on Economic Output," Working Papers, Department of Economics, University of Missouri, number 0311, Sep.
• Antonio Moreno, 2003, "Reaching Inflation Stability," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 13/03, Nov.
• 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, number 14/03, Nov.
• Javier Díaz-Giménez & Giorgia Giovannetti & Ramon Marimon & Pedro Teles, 2003, "Nominal debt as a burden on monetary policy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 841, Jan, revised Jan 2006.
• Fabio Canova & Luca Gambetti, 2003, "Structural changes in the US economy: is there a role for monetary policy?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 918, May, revised Apr 2008.
• Joerg Baumberger, 2003, "Aligning basic to intermediate macroeconomics to current central bank practice - new suggestions and some unfinished business," University of St. Gallen Department of Economics working paper series 2003, Department of Economics, University of St. Gallen, number 2003-10, Apr.
• Serena Sordi & Alessandro Vercelli, 2003, "Financial Fragility and Economic Fluctuations: Numerical Simulations and Policy Implications," Department of Economics University of Siena, Department of Economics, University of Siena, number 407, Oct.
• Timothy Kam, 2003, "The Value of Interest-rate Smoothing in a Forward-looking Small Open Economy," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 03-12.
• Timothy Kam, 2003, "Optimal Flexible Inflation Targeting, Interest-rate Smoothing and the Open Economy," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 03-26.
• Andrew Hughes Hallett & Diana N. Weymark, 2003, "Independent Monetary Policies and Social Equality," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 0307, Apr.
• Diana N. Weymark, 2003, "Economic Structure, Policy Objectives, and Optimal Interest Rate Policy at Low Inflation Rates," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 0310, May.
• Marco MAZZOLI, 2003, "An Inquiry on Heterogeneity in Lending and Lending Rates," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, volume 111, issue 1, pages 39-76.
• Giovanni Verga, 2003, "II cambio dollaro/euro: fatti e interpretazioni," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, volume 111, issue 2, pages 319-337.
• Berk, J.M. & Bierut, B.K., 2003, "Committee structure and its implications for monetary policy decision-making," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics, number 0006.
• Michael Landesmann & Sandor Richter, 2003, "Consequences of EU Accession: Economic Effects on CEECs," wiiw Research Reports, The Vienna Institute for International Economic Studies, wiiw, number 299, Aug.
• Ali Dib, 2003, "An estimated Canadian DSGE model with nominal and real rigidities," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 36, issue 4, pages 949-972, November, DOI: 10.1111/1540-5982.t01-3-00008.
• Gerhard Sorger, 2003, "Policy rule Nash equilibria," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 36, issue 4, pages 973-992, November, DOI: 10.1111/1540-5982.t01-3-00009.
• Michal Brzoza-Brzezina, 2003, "Estimating the Natural Rate of Interest: A SVAR Approach," Macroeconomics, University Library of Munich, Germany, number 0301008, Jan.
• Jose Ripoll, 2003, "National Appointments to Multinational Monetary Policy Making: A Role Conflict?," Macroeconomics, University Library of Munich, Germany, number 0301009, Jan.
• Ernst Schaumburg & Andrea Tambalotti, 2003, "An Investigation of the Gains from Commitment in Monetary Policy," Macroeconomics, University Library of Munich, Germany, number 0302004, Feb.