Research classified by Journal of Economic Literature (JEL) codes

---

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

2004

• Fujiki, Hiroshi & Watanabe, Kiyoshi, 2004, "Japanese Demand for M1 and Demand Deposits: Cross-Sectional and Time-Series Evidence from Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 22, issue 3, pages 47-77, October.
• Okina, Kunio & Shiratsuka, Shigenori, 2004, "Asset Price Fluctuations, Structural Adjustments, and Sustained Economic Growth: Lessons from Japan's Experience since the Late 1980s," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 22, issue S1, pages 143-167, December.
• McCallum, Bennett-T, 2004, "Long-Run Monetary Neutrality and Contemporary Policy Analysis: Keynote Speech," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 22, issue S1, pages 15-28, December.
• Reinhart, Vincent-R, 2004, "Securing the Peace after a Truce in the War on Inflation," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 22, issue S1, pages 179-201, December.
• Mr. Tamim Bayoumi & Ms. Silvia Sgherri, 2004, "Monetary Magic? How the Fed Improved the Flexibility of the U.S. Economy," IMF Working Papers, International Monetary Fund, number 2004/024, Feb.
• Mr. Olivier D Jeanne & Mr. Lars E. O. Svensson, 2004, "Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank," IMF Working Papers, International Monetary Fund, number 2004/162, Sep.
• Ansgar Belke & Kai Geisslreither & Daniel Gros, 2004, "On the Relationship Between Exchange Rates and Interest Rates: Evidence from the Southern Cone," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., volume 41, issue 122, pages 35-64.
• Bhattacharya, Joydeep & Haslag, Joseph & Martin, Antoine, 2004, "Heterogeneity, Redistribution, and the Friedman Rule," Staff General Research Papers Archive, Iowa State University, Department of Economics, number 11371, Feb.
• Doyle, Matthew & Falk, Barry L., 2004, "Testing Commitment Models of Monetary Policy: Evidence from OECD Economies," Staff General Research Papers Archive, Iowa State University, Department of Economics, number 11995, Jul.
• Bhattacharya, Joydeep & Haslag, Joseph H. & Martin, Antoine, 2004, "Heterogeneity, redistribution, and the Friedman rule," ISU General Staff Papers, Iowa State University, Department of Economics, number 200402090800001190, Feb.
• Fehr, Ernst & Tyran, Jean-Robert, 2004, "Money Illusion and Coordination Failure," IZA Discussion Papers, IZA Network @ LISER, number 1013, Feb.
• Marc Hofstetter, 2004, "Disinflations in Latin America and the Caribbean: A Free Lunch?," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics, number 506, Mar.
• Hülsewig Oliver & Winker Peter & Worms Andreas, 2004, "Bank Lending and Monetary Policy Transmission: A VECM Analysis for Germany / Bankkredite und geldpolitische Transmission: Eine VECM Analyse für Deutschland," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 224, issue 5, pages 511-529, October, DOI: 10.1515/jbnst-2004-0501.
• P. Ruben Mercado, 2004, "The Timing of Uncertainty and the Intensity of Policy," Computational Economics, Springer;Society for Computational Economics, volume 23, issue 4, pages 303-313, June.
• Jesús Cuaresma & Ernest Gnan & Doris Ritzberger-Gruenwald, 2004, "Searching for the natural rate of interest: a euro area perspective," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 31, issue 2, pages 185-204, June, DOI: 10.1007/s10663-004-0914-5.
• Carmen Díaz-Roldan, 2004, "International monetary policy coordination under asymmetric shocks," International Advances in Economic Research, Springer;International Atlantic Economic Society, volume 10, issue 1, pages 72-82, February, DOI: 10.1007/BF02295578.
• Andreas M. Fischer & Mathias Zurlinden, 2004, "Are Interventions Self Exciting?," Open Economies Review, Springer, volume 15, issue 3, pages 223-237, July.
• Giuseppe Diana & Mose Sidiropoulos, 2004, "Central Bank Independence, Speed of Disinflation and the Sacrifice Ratio," Open Economies Review, Springer, volume 15, issue 4, pages 385-402, October.
• Georgios Chortareas & Stephen Miller, 2004, "Optimal Central Banker Contracts and Common Agency," Public Choice, Springer, volume 121, issue 1, pages 131-155, October, DOI: 10.1007/s11127-004-6159-9.
• Matthias BrÑŒckner & Andreas Schabert, 2004, "Can Money Matter for Interest Rate Policy?," Working Paper Series in Economics, University of Cologne, Department of Economics, number 6, Apr.
• Ludger Linnemann & Andreas Schabert, 2004, "Debt Non-Neutrality, Policy Interactions, and Macroeconomic Stability," Working Paper Series in Economics, University of Cologne, Department of Economics, number 12, Sep.
• Jochen Hartwig, 2004, "Quantitative Analyse der Auswirkungen wirtschaftspolitischer Massnahmen auf die Einkommensverteilung und das "neue magische Viereck" in der Schweiz," KOF Working papers, KOF Swiss Economic Institute, ETH Zurich, number 04-90, Jan, DOI: 10.3929/ethz-a-004871546.
• Shigeyoshi Miyagawa & Yoji Morita, 2004, "The Recent Monetary Policy and Money Demand in Japan," Discussion Papers, University of Copenhagen. Department of Economics, number 04-15, Jul.
• Jorg Bibow, 2004, "Assessing the ECB's Performance since the Global Slowdown: A Structural Policy Bias Coming Home to Roost?," Economics Working Paper Archive, Levy Economics Institute, number wp_409, Jul.
• Greg Hannsgen, 2004, "Gibson's Paradox, Monetary Policy, and the Emergence of Cycles," Economics Working Paper Archive, Levy Economics Institute, number wp_410, Jul.
• Martins Bitans, 2004, "Pass-Through of Exchange Rates to Domestic Prices in East European Countries and the Role of Economic Enviroment," Working Papers, Latvijas Banka, number 2004/04, Dec.
• Pui Chi Ip, 2004, "Inflation and Growth Targeting," Research Papers, Macquarie University, Department of Economics, number 0401, Mar.
• Orphanides, Athanasios, 2004, "Monetary Policy Rules, Macroeconomic Stability, and Inflation: A View from the Trenches," Journal of Money, Credit and Banking, Blackwell Publishing, volume 36, issue 2, pages 151-175, April.
• Nelson, Edward & Nikolov, Kalin, 2004, "Monetary Policy and Stagflation in the UK," Journal of Money, Credit and Banking, Blackwell Publishing, volume 36, issue 3, pages 293-318, June.
• Schaling, Eric, 2004, "The Nonlinear Phillips Curve and Inflation Forecast Targeting: Symmetric versus Asymmetric Monetary Policy Rules," Journal of Money, Credit and Banking, Blackwell Publishing, volume 36, issue 3, pages 361-386, June.
• Ireland, Peter N, 2004, "Money's Role in the Monetary Business Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, volume 36, issue 6, pages 969-983, December.
• Bedri Tas, 2004, "Private information of the Fed, predictability of stock returns and expected monetary policy," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 100, Sep.
• Leopold von Thadden, 2004, "Active monetary policy, passive fiscal policy and the value of pure debt: some further monetarist arithmetic," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 108, Sep.
• Mark Weder, 2004, "Taylor Rules: intercepting expectations," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 110, Sep.
• Ibrahim Chowdhury & Andreas Schabert, 2004, "Assessing money supply rules," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 15, Sep.
• Maria Demertzis & Andrew Hughes Hallett, 2004, "Central bank transparency in theory and practice," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 23, Sep.
• Hans Dewachter, 2004, "Macro factors and the term structure of interest rates," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 25, Sep.
• Rebecca Driver & Stephen Millard, 2004, "Exchange rates, commodities and the implications of volatility in a small open economy world," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 26, Sep.
• Ester Faia, 2004, "Monetary policy in a world with different financial systems," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 28, Sep.
• Marco Hoeberichts, 2004, "Central bank communication and interest rate rules," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 44, Sep.
• Richard Holt, 2004, "Sticky prices, labour market rigidities and exchange rate puzzles," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 47, Sep.
• Ludger Linnemann & Andreas Schabert, 2004, "Net foreign assets, interest rate policy, and macroeconomic stability," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 54, Sep.
• Tobias Linzert & Dieter Nautz & Jorg Breitung, 2004, "Bidder behaviour in repo auctions without minimum bid rate: evidence from the Bundesbank," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 55, Sep.
• Olivier Loisel, 2004, "Monetary policy rules to preclude booms and busts," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 56, Sep.
• Richard Mash, 2004, "Optimising microfoundations for observed inflation persistence," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 60, Sep.
• Kaushik Mitra & Seppo Honkapohja, 2004, "The problems of learning and indeterminacy in inflation targeting based on constant interest rate projections," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 68, Sep.
• Andreas Schabert, 2004, "On the relevance of open market operations for the short-run effects of monetary policy," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 83, Sep.
• Livio Stracca & Clara Martin Moss & Livio Stracca, 2004, "Demand and supply in the ECB's main refinancing operations," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 94, Sep.
• Paolo Surico, 2004, "Measuring the time-inconsistency of US monetary policy," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 96, Sep.
• Alan Sutherland & Ozge Senay, 2004, "The expenditure switching effect and fixed versus floating exchange rates," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 97, Sep.
• Andrea Tambalotti, 2004, "Optimal monetary policy and productivity growth," Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group, number 99, Sep.
• Alberto Montagnoli & Oreste Napolitano, 2004, "Financial Condition Index and interest rate settings: a comparative analysis," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 1, Sep.
• Ibrahim Chowdhury & Mathias Hoffmann & Andreas Schabert, 2004, "Inflation Dynamics and the Cost Channel of Monetary Transmission," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 18, Sep.
• Marco Airaudo & Luis-Felipe Zanna, 2004, "Endogenous Fluctuations in Open Economies: The Perils of Taylor Rules Revisited," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 6, Sep.
• Arnab Bhattacharjee & Sean Holly, 2004, "Inflation Targeting, committee Decision Making and Uncertainty: The case of the Bank of England's MPC," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 63, Sep.
• Christopher Martin & Costas Milas, 2004, "Uncertainty and UK Monetary Policy," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 65, Sep.
• Alexandros Kontikas & Alberto Montagnoli, 2004, "Optimal Monetary Policy and Asset Price Misalignments," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 80, Sep.
• Tatiana Kirsanova & Mathan Satchi & David Vines, 2004, "Monetary Union: Fiscal Stabilisation in the Face of Asymmetric Shocks," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 86, Sep.
• Marco Hoeberichts & Mewael F. Tesfaselassie & Sylvester Eijffinge, 2004, "Central Bank Communication and Output Stabilization," Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group, number 98, Sep.
• Gergely Kiss & Judit Krekó, 2004, "Optimal Rate of Inflation in Hungary," MNB Background Studies (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), number 2004/1.
• Csilla Horváth & Judit Krekó & Anna Naszódi, 2004, "Interest rate pass-through in Hungary," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2004/8.
• Petrucci, Alberto, 2004, "Money, Growth and Finite Horizons," Economics & Statistics Discussion Papers, University of Molise, Department of Economics, number esdp04018, Jul.
• Jérôme Héricourt, 2004, "And if one size fit all after all? A counterfactual examination of the ECB monetary policy under Duisenberg presidency," Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1), number bla04004a, Jan, revised Nov 2005.
• Vincent Bouvatier, 2004, "Crise de change et politique monétaire optimale dans un modèle de troisième génération : le rôle de la prime de risque," Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1), number bla04089, Sep.
• Ayse Ertugrul & Jérôme Héricourt & Julien Reynaud, 2004, "Politique monétaire sous contrainte : le cas de la crise turque de 2000/2001," Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1), number bla04103, Nov.
• L. Aucremanne & M. Collin, 2004, "Inflation differentials in the euro area : size, causes, economic policy implications and relative position of Belgium," Economic Review, National Bank of Belgium, issue iii, pages 29-41, September.
• Ferre De Graeve & Olivier De Jonghe & Rudi Vander Vennet, 2004, "The Determinants of Pass-Through of Market Conditions to Bank Retail Interest Rates in Belgium," Working Paper Research, National Bank of Belgium, number 47, May.
• Pierpaolo Benigno & Michael Woodford, 2004, "Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach," NBER Chapters, National Bureau of Economic Research, Inc, "NBER Macroeconomics Annual 2003, Volume 18".
• Arminio Fraga & Ilan Goldfajn & André Minella, 2004, "Inflation Targeting in Emerging Market Economies," NBER Chapters, National Bureau of Economic Research, Inc, "NBER Macroeconomics Annual 2003, Volume 18".
• Lars E. O. Svensson & Michael Woodford, 2004, "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Chapters, National Bureau of Economic Research, Inc, "The Inflation-Targeting Debate".
• Marc Giannoni & Michael Woodford, 2004, "Optimal Inflation-Targeting Rules," NBER Chapters, National Bureau of Economic Research, Inc, "The Inflation-Targeting Debate".
• Athanasios Orphanides & John Williams, 2004, "Imperfect Knowledge, Inflation Expectations, and Monetary Policy," NBER Chapters, National Bureau of Economic Research, Inc, "The Inflation-Targeting Debate".
• Stephanie Schmitt-Grohe & Martin Uribe, 2004, "Optimal Simple and Implementable Monetary and Fiscal Rules," NBER Working Papers, National Bureau of Economic Research, Inc, number 10253, Jan.
• Andrew Atkeson & Patrick Kehoe, 2004, "Deflation and Depression: Is There and Empirical Link?," NBER Working Papers, National Bureau of Economic Research, Inc, number 10268, Feb.
• Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2004, "Chaotic Interest Rate Rules: Expanded Version," NBER Working Papers, National Bureau of Economic Research, Inc, number 10272, Feb.
• Kenneth D. West, 2004, "Monetary Policy and the Volatility of Real Exchange Rates in New Zealand," NBER Working Papers, National Bureau of Economic Research, Inc, number 10280, Feb.
• Alan Auerbach & Maurice Obstfeld, 2004, "Monetary and Fiscal Remedies for Deflation," NBER Working Papers, National Bureau of Economic Research, Inc, number 10290, Feb.
• Jose De Gregorio, 2004, "Productivity Growth and Disinflation in Chile," NBER Working Papers, National Bureau of Economic Research, Inc, number 10360, Mar.
• Jordi Gali & J. David Lopez-Salido & Javier Valles, 2004, "Rule-of-Thumb Consumers and the Design of Interest Rate Rules," NBER Working Papers, National Bureau of Economic Research, Inc, number 10392, Mar.
• Ricardo Caballero & Kevin Cowan & Jonathan Kearns, 2004, "Fear of Sudden Stops: Lessons from Australia and Chile," NBER Working Papers, National Bureau of Economic Research, Inc, number 10519, May.
• Bennett T. McCallum & Edward Nelson, 2004, "Targeting vs. Instrument Rules for Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 10612, Jul.
• Olivier Jeanne & Lars E.O. Svensson, 2004, "Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank," NBER Working Papers, National Bureau of Economic Research, Inc, number 10679, Aug.
• Michael D. Bordo & David C. Wheelock, 2004, "Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms," NBER Working Papers, National Bureau of Economic Research, Inc, number 10704, Aug.
• Stephanie Schmitt-Grohe & Martin Uribe, 2004, "Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the U.S. Business Cycle," NBER Working Papers, National Bureau of Economic Research, Inc, number 10724, Sep.
• Lars E.O. Svensson, 2004, "Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?," NBER Working Papers, National Bureau of Economic Research, Inc, number 10747, Sep.
• Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Vegh, 2004, "When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Working Papers, National Bureau of Economic Research, Inc, number 10780, Sep.
• Takatoshi Ito, 2004, "Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting?," NBER Working Papers, National Bureau of Economic Research, Inc, number 10818, Oct.
• Pierpaolo Benigno & Michael Woodford, 2004, "Inflation Stabilization and Welfare: The Case of a Distorted Steady State," NBER Working Papers, National Bureau of Economic Research, Inc, number 10838, Oct.
• Pierpaolo Benigno & Michael Woodford, 2004, "Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State," NBER Working Papers, National Bureau of Economic Research, Inc, number 10839, Oct.
• Gauti B. Eggertsson & Michael Woodford, 2004, "Optimal Monetary and Fiscal Policy in a Liquidity Trap," NBER Working Papers, National Bureau of Economic Research, Inc, number 10840, Oct.
• Antonio Fatas & Ilian Mihov & Andrew K. Rose, 2004, "Quantitative Goals for Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 10846, Oct.
• Takatoshi Ito & Frederic S. Mishkin, 2004, "Two Decades of Japanese Monetary Policy and the Deflation Problem," NBER Working Papers, National Bureau of Economic Research, Inc, number 10878, Nov.
• Stephen G. Cecchetti & Alfonso Flores-Lagunes & Stefan Krause, 2004, "Has Monetary Policy Become More Efficient? A Cross Country Analysis," NBER Working Papers, National Bureau of Economic Research, Inc, number 10973, Dec.
• Joshua D. Angrist & Guido M. Kuersteiner, 2004, "Semiparametric Causality Tests Using the Policy Propensity Score," NBER Working Papers, National Bureau of Economic Research, Inc, number 10975, Dec.
• Charles Engel & Kenneth D. West, 2004, "Taylor Rules and the Deutschmark-Dollar Real Exchange Rate," NBER Working Papers, National Bureau of Economic Research, Inc, number 10995, Dec.
• Gerard O'Reilly & Karl Whelan, 2004, "Has Euro-area inflation persistence changed over time?," Open Access publications, School of Economics, University College Dublin, number 10197/251, Apr.
• Yongil Jeon & Stephen M. Miller, 2004, "The Geographic Distribution of the Size and Timing of Monetary Policy Actions," Working papers, University of Connecticut, Department of Economics, number 2004-22, Feb.
• Rangan Gupta, 2004, "Costly State Monitoring and Reserve Requirements," Working papers, University of Connecticut, Department of Economics, number 2004-33, Oct, revised Jul 2005.
• Alex Luiz Ferreira, 2004, "Leaning Against the Parity," Studies in Economics, School of Economics, University of Kent, number 0413, Oct.
• Matteo Luciani, 2004, "A VAR Model for the Analysis of the Effects of Monetary Policy in the Euro Area," ULB Institutional Repository, ULB -- Universite Libre de Bruxelles, number 2013/153332.
• Giuseppe Diana & Blandine Zimmer, 2004, "La BCE et la politique monétaire européenne," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), volume 1, pages 69-95, mai.
• Antonio Moreno, 2004, "The Feds Monetary Policy Rule: Past, Present and Future," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 02/04, Jan.
• Duffy, John & Xiao, Wei, 2004, "The value of interest rate stabilization polices when agents are learning," Working Papers, University of New Orleans, Department of Economics and Finance, number 2004-02, Jun.
• David Fielding, 2004, "How Does Monetary Policy Affect the Poor?: Evidence from the West African Economic and Monetary Union," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number RP2004-02.
• Jordi Galí & Tommaso Monacelli, 2004, "Monetary policy and exchange rate volatility in a small open economy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 835, Jul.
• Fabio Canova, 2004, "What explains the Great Moderation in the US? A structural analysis," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 919, Mar, revised Dec 2007.
• Chiara Forlati, 2004, "On optimal monetary and fiscal policy interactions in open economies," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 949, Jul, revised Mar 2006.
• Björn Alecke, 2004, "Eastern Enlargement, EMU and Monetary Policy under Fixed Exchange Rates: Lessons from the Experience of West Germany in the Bretton Woods Era," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, volume 59, issue 02, pages 191-223, June.
• Ernst Fehr & Jean-Robert Tyran, 2004, "Money illusion and coordination failure," University of St. Gallen Department of Economics working paper series 2004, Department of Economics, University of St. Gallen, number 2004-02, Jan.
• Marcello Basili & Stefano Dalle Mura, 2004, "Ambiguity and macroeconomics:a rationale for price stickiness," Department of Economics University of Siena, Department of Economics, University of Siena, number 428, Jun.
• Timothy Kam, 2004, "Two-sided Learning and Optimal Monetary Policy in an Open Economy Model," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 04-07.
• Yamin Ahmad, 2004, "International Observations of Monetary Policy Periods," Working Papers, UW-Whitewater, Department of Economics, number 05-01, Jul, revised Jul 2007.
• Yamin Ahmad, 2004, "Reconciling the Effects of Monetary Policy Actions on Consumption Within a Heterogeneous Agent Framework," Working Papers, UW-Whitewater, Department of Economics, number 05-02, Jul, revised Jul 2006.
• Maria Demertzis & Andrew Hughes Hallett, 2004, "Rational Ambiguity and Monitoring the Central Bank," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 0404, Feb.
• Jes??s Crespo-Cuaresma & Bal??zs ??gert & Thomas Reininger, 2004, "Interest Rate Pass-Through in New EU Member States: The Case of the Czech Republic, Hungary and Poland," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number 2004-671, May.
• Fabrizio Coricelli & Bo??tjan Jazbec & Igor Masten, 2004, "Exchange Rate Policy and Inflation in Acceding Countries: The Role of Pass-through," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number 2004-674, Apr.
• Nikolay Nenovsky & Yorgos Rizopoulos, 2004, "Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective (Groups of interest and monetary variables during the Currency Board introduction in Bulgaria)," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp732, Dec.
• Philip Bond & Ashok S. Rai, 2004, "Cosigned Or Group Loans," Department of Economics Working Papers, Department of Economics, Williams College, number 2004-08, Jun.
• Chris Geirgat, 2004, "Transmission of External and Internal Shocks In Argentina During the Convertibility Period: Some Empirical Findings From VARs," Department of Economics Working Papers, Department of Economics, Williams College, number 2004-11, Jul.
• Thomas Grandner & Dieter Gstach, 2004, "Joint adjustment of house prices, stock prices and output towards short run equilibrium," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp088, Jan.
• Arman Mansoorian & Mohammed Mohsin, 2004, "Monetary policy in a cash‐in‐advance economy: employment, capital accumulation, and the term structure of interest rates," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 37, issue 2, pages 336-352, May, DOI: 10.1111/j.0008-4085.2004.00005.x.
• Denise Côté & John Kuszczak & Jean‐Paul Lam & Ying Liu & Pierre St‐Amant, 2004, "The performance and robustness of simple monetary policy rules in models of the Canadian economy," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 37, issue 4, pages 978-998, November, DOI: 10.1111/j.0008-4085.2004.00256.x.
• Janine Aron & John Muellbauer & Coen Pretorius, 2004, "A Framework for Forecasting the Components of the Consumer Price," Development and Comp Systems, University Library of Munich, Germany, number 0409054, Sep.
• Janine Aron & John Muellbauer & Benjamin Smit, 2004, "A Structural Model of the Inflation Process in South Africa," Development and Comp Systems, University Library of Munich, Germany, number 0409055, Sep.
• Romain Houssa, 2004, "Monetary Union in West Africa and Asymmetric Shocks: A Dynamic Structural Factor Model Approach," Development and Comp Systems, University Library of Munich, Germany, number 0409063, Sep.
• Jonathan B. Hill, 2004, "Causation Delays and Causal Neutralization for General Horizons: The Money-Output Relationship Revisited," Econometrics, University Library of Munich, Germany, number 0402002, Feb, revised 23 Mar 2005.
• Juha Kilponen, 2004, "Robust expectations and uncertain models – A robust control approach with application to the New Keynesian economy," GE, Growth, Math methods, University Library of Munich, Germany, number 0404004, Apr.
• Anssi Rantala, 2004, "Adaptive learning and multiple equilibria in a natural rate monetary model with unemployment persistence," GE, Growth, Math methods, University Library of Munich, Germany, number 0404005, Apr.
• Gunther Schnabl & Paul De Grauwe, 2004, "Nominal versus Real Convergence with Respect to EMU Accession - EMU Entry Scenarios for the New Member States," International Finance, University Library of Munich, Germany, number 0403008, Mar, revised 16 Feb 2005.
• Eduardo Moron & Juan F. Castro & Diego Winkelried, 2004, "Assessing Financial Vulnerability in Partially Dollarized Economies," International Finance, University Library of Munich, Germany, number 0406002, Jun.
• M Gani, 2004, "New Trade Theory Takes Over Monetary Theory," International Trade, University Library of Munich, Germany, number 0405005, May.
• Fabio Milani, 2004, "Monetary Policy with a Wider Information Set: a Bayesian Model Averaging Approach," Macroeconomics, University Library of Munich, Germany, number 0401004, Jan.
• Paolo Surico, 2004, "Measuring the Time-Inconsistency of US Monetary Policy," Macroeconomics, University Library of Munich, Germany, number 0401006, Jan.
• Marco Bonomo & Carlos Viana de Carvalho, 2004, "Endogenous Time-Dependent Rules and the Costs of Disinflation with Imperfect Credibility," Macroeconomics, University Library of Munich, Germany, number 0402006, Feb, revised 09 Sep 2005.
• Miroslav Hrncir & Katerina Smidkova, 2004, "Inflation targeting in the Czech Republic," Macroeconomics, University Library of Munich, Germany, number 0402031, Feb.
• Lavan Mahadeva & Katerina Smidkova, 2004, "Modelling transmission mechanism of monetary policy in the Czech Republic," Macroeconomics, University Library of Munich, Germany, number 0402032, Feb.
• Junning Cai, 2004, "Liquidity Trap Prevention and Escape: A Simple Proposition," Macroeconomics, University Library of Munich, Germany, number 0402033, Feb.
• Marco Vega & Diego Winkelried, 2004, "How Does Global Disinflation Drag Inflation in Small Open Economies?," Macroeconomics, University Library of Munich, Germany, number 0403008, Mar.
• Lucio Vinhas de Souza, 2004, "A Preliminary Evaluation of Monetary Policy Rules for Russia," Macroeconomics, University Library of Munich, Germany, number 0403017, Mar.
• Gary L. Shelley & Frederick H. Wallace, 2004, "Long Run Effects of Money on Real Consumption and Investment in the U.S," Macroeconomics, University Library of Munich, Germany, number 0404007, Apr, revised 06 Apr 2004.
• M Gani, 2004, "Micro Takes Over Macro," Macroeconomics, University Library of Munich, Germany, number 0404012, Apr.
• Eugenio Gaiotti, 2004, "Pitfalls of monetary policy under incomplete information: imprecise indicators and real indeterminacy," Macroeconomics, University Library of Munich, Germany, number 0404017, Apr, revised 28 Apr 2004.
• Filippo Altissimo & Eugenio Gaiotti & Alberto Locarno, 2004, "Is money informative? Evidence from a large model used for policy analysis," Macroeconomics, University Library of Munich, Germany, number 0404018, Apr, revised 24 Apr 2004.
• Jukka Railavo, 2004, "Stability consequences of fiscal policy rules," Macroeconomics, University Library of Munich, Germany, number 0404020, Apr.
• Martin Ellison & Lucio Sarno & Jouko Vilmunen, 2004, "Monetary policy and learning in an open economy," Macroeconomics, University Library of Munich, Germany, number 0404022, Apr.
• David G. Mayes & Matti Virén, 2004, "Asymmetries in the Euro area economy," Macroeconomics, University Library of Munich, Germany, number 0404024, Apr.
• Alexandros Kontonikas & Christos Ioannidis, 2004, "Should Monetary Policy Respond to Asset Price Misalignments?," Macroeconomics, University Library of Munich, Germany, number 0404026, Apr.
• Tibor Hlédik, 2004, "A calibrated structural model of the Czech economy," Macroeconomics, University Library of Munich, Germany, number 0404027, Apr.
• Jukka Railavo, 2004, "Effects of the supply-side channel on stabilisation properties of policy rules," Macroeconomics, University Library of Munich, Germany, number 0404028, Apr.
• George W. Evans & Seppo Honkapohja, 2004, "Policy interaction, expectations and the liquidity trap," Macroeconomics, University Library of Munich, Germany, number 0404033, Apr.
• Eric Schaling, 2004, "Learning, inflation expectations and optimal monetary policy," Macroeconomics, University Library of Munich, Germany, number 0404035, Apr.
• Alfred V. Guender, 2004, "Optimal discretionary monetary policy in the open economy: Choosing between CPI and domestic inflation as target variables," Macroeconomics, University Library of Munich, Germany, number 0404038, Apr.
• Anssi Rantala, 2004, "Labour market flexibility and policy coordination in a monetary union," Macroeconomics, University Library of Munich, Germany, number 0405001, May.
• George W. Evans & Seppo Honkapohja, 2004, "Friedman’s money supply rule vs optimal interest rate policy," Macroeconomics, University Library of Munich, Germany, number 0405002, May.
• Lauri Kajanoja, 2004, "Money as an indicator variable for monetary policy when money demand is forward looking," Macroeconomics, University Library of Munich, Germany, number 0405003, May.
• George W. Evans & Seppo Honkapohja, 2004, "Adaptive learning and monetary policy design," Macroeconomics, University Library of Munich, Germany, number 0405008, May.
• Svetlana Boyarchenko & Sergei Levendorskii, 2004, "Inside and Outside Money, with an Application to the Russian Virtual Economy," Macroeconomics, University Library of Munich, Germany, number 0405009, May.
• John Michael Ian S. Salas, 2004, "The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003," Macroeconomics, University Library of Munich, Germany, number 0405021, May.
• Mohammad Gani, 2004, "Exit Lucas, Reenter Keynes," Macroeconomics, University Library of Munich, Germany, number 0405022, May.
• Marcelo Ochoa & Patricio Valenzuela, 2004, "Impactos de un Shock Externo en un Modelo Estocástico de Equilibrio General para una Economía Abierta: El Caso de Chile," Macroeconomics, University Library of Munich, Germany, number 0407007, Jul.
• Alan Auerbach & Maurice Obstfeld, 2004, "The Case for Open-Market Purchases in a Liquidity Trap," Macroeconomics, University Library of Munich, Germany, number 0407009, Jul.
• Monticini & Vaciago, 2004, "Are Europe Interest Rates led by FED's Announcements?," Macroeconomics, University Library of Munich, Germany, number 0407025, Jul.
• Jorg Bibow, 2004, "Assessing the ECB's Performance since the Global Slowdown A Structural Policy Bias Coming Home to Roost?," Macroeconomics, University Library of Munich, Germany, number 0407026, Jul.
• Greg Hannsgen, 2004, "Gibson’s Paradox, Monetary Policy, and the Emergence of Cycles," Macroeconomics, University Library of Munich, Germany, number 0407029, Jul.
• Martin Sommer, 2004, "Supply Shocks and the Persistence of Inflation," Macroeconomics, University Library of Munich, Germany, number 0408005, Aug.
• Fernando M. Martin, 2004, "A Positive Theory of Government Debt," Macroeconomics, University Library of Munich, Germany, number 0408013, Aug, revised 14 Nov 2004.
• Oleg Korenok & Stanislav Radchenko, 2004, "Monetary Policy Effect on the Business Cycle Fluctuations: Output vs. Index Measures of the Cycle," Macroeconomics, University Library of Munich, Germany, number 0409015, Sep, revised 20 Sep 2004.
• Orlando Gomes, 2004, "Optimal Monetary Policy under Heterogeneous Expectations," Macroeconomics, University Library of Munich, Germany, number 0409023, Sep.
• Ernst Fehr & Lorenz Goette, 2004, "Robustness And Real Consequences Of Nominal Wage Rigidity," Macroeconomics, University Library of Munich, Germany, number 0409025, Sep.
• Tokhir Mirzoev, 2004, "Limited Commitment, Inaction and Optimal Monetary Policy," Macroeconomics, University Library of Munich, Germany, number 0409027, Sep.
• Mohammad Gani, 2004, "Money in Market Clearing," Macroeconomics, University Library of Munich, Germany, number 0410009, Oct.
• Cornelis A. Los, 2004, "The Fed’s Consistent Monetary Policy: A Long Term Perspective," Macroeconomics, University Library of Munich, Germany, number 0411011, Nov.
• Eugenio Gaiotti & Alessandro Secchi, 2004, "Is there a cost channel of monetary policy transmission? An investigation into the pricing behavior of 2,000 firms," Macroeconomics, University Library of Munich, Germany, number 0412010, Dec.
• Mohammad Gani, 2004, "Equality of Demand and Supply Neither Determines Price Nor Clears the Market," Microeconomics, University Library of Munich, Germany, number 0405007, May.
• Esanov, Akram & Merkl, Christian & Vinhas de Souza, Lúcio, 2004, "Monetary policy rules for Russia," BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT), number 11/2004.
• Railavo, Jukka, 2004, "Stability consequences of fiscal policy rules," Bank of Finland Research Discussion Papers, Bank of Finland, number 1/2004.
• Ellison, Martin & Sarno, Lucio & Vilmunen, Jouko, 2004, "Monetary policy and learning in an open economy," Bank of Finland Research Discussion Papers, Bank of Finland, number 3/2004.
• Kilponen, Juha, 2004, "Robust expectations and uncertain models: a robust contol approach with application to the new Keynesian economy," Bank of Finland Research Discussion Papers, Bank of Finland, number 5/2004.
• Mayes, David & Virén, Matti, 2004, "Asymmetries in the Euro area economy," Bank of Finland Research Discussion Papers, Bank of Finland, number 9/2004.
• Railavo, Jukka, 2004, "Monetary consequences of alternative fiscal policy rules," Bank of Finland Research Discussion Papers, Bank of Finland, number 20/2004.
• Leitemo, Kai & Söderström, Ulf, 2004, "Robust monetary policy in the New-Keynesian framework," Bank of Finland Research Discussion Papers, Bank of Finland, number 31/2004.
• Paustian, Matthias, 2004, "Can Wage and Price Stickiness Account for Sizeable Costs of Business Cycle Fluctuations?," Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE), number 18/2004.
• Lombardo, Giovanni & Sutherland, Alan, 2004, "Policy instrument choice and non-coordinated monetary in interdependent economies," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,03.
• Kamada, Koichiro, 2004, "Real-Time Estimation of the Output Gap in Japan and its Usefulness for Inflation Forecasting and Policymaking," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,14.
• Frey, Rainer, 2004, "Welfare Implications of the Design of a Currency Union in Case of Member Countries of Different Sizes and Output Persistence," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,15.
• Gerberding, Christina & Worms, Andreas & Seitz, Franz, 2004, "How the Bundesbank really conducted monetary policy: An analysis based on real-time data," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,25.
• Bernhardsen, Tom & Eitrheim, Øyvind & Jore, Anne Sofie & Røisland, Øistein, 2004, "Real-time Data for Norway: Challenges for Monetary Policy," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,26.
• Glück, Heinz & Schleicher, Stefan P., 2004, "Forecast quality and simple instrument rules: a real-time data approach," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,30.
• Kugler, Peter & Jordan, Thomas J. & Lenz, Carlos & Savioz, Marcel R., 2004, "Measurement errors in GDP and forward-looking monetary policy: The Swiss case," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,31.
• Clark, Todd E. & Kozicki, Sharon, 2004, "Estimating equilibrium real interest rates in real-time," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,32.
• Kremer, Jana, 2004, "Fiscal rules and monetary policy in a dynamic stochastic general equilibrium model," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2004,35.