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

• Nelson, Edward & Kara, Amit, 2003, "The Exchange Rate and Inflation in the UK," CEPR Discussion Papers, Centre for Economic Policy Research, number 3783, Feb.
• Ravn, Morten & Sola, Martin & Psaradakis, Zacharias, 2003, "Markov Switching Causality and the Money-Output Relationship," CEPR Discussion Papers, Centre for Economic Policy Research, number 3803, Feb.
• Wieland, Volker, 2003, "Monetary Policy and Uncertainty about the Natural Unemployment Rate," CEPR Discussion Papers, Centre for Economic Policy Research, number 3811, Mar.
• Levin, Andrew & Coenen, Günter & Wieland, Volker, 2003, "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 3812, Mar.
• Honkapohja, Seppo & Evans, George W., 2003, "Freidman's Money Supply Rule versus Optimal Interest Rate Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 3883, May.
• Coenen, Günter & Orphanides, Athanasios & Wieland, Volker, 2003, "Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero," CEPR Discussion Papers, Centre for Economic Policy Research, number 3892, May.
• Coricelli, Fabrizio & Jazbec, BoÅ¡tjan & Masten, Igor, 2003, "Exchange Rate Pass-Through in Candidate Countries," CEPR Discussion Papers, Centre for Economic Policy Research, number 3894, May.
• Coenen, Günter & Wieland, Volker, 2003, "The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan," CEPR Discussion Papers, Centre for Economic Policy Research, number 3895, May.
• Nelson, Edward, 2003, "The Future of Monetary Aggregates in Monetary Policy Analysis," CEPR Discussion Papers, Centre for Economic Policy Research, number 3897, May.
• Nelson, Edward, 2003, "Money and the Transmission Mechanism in the Optimizing IS-LM Specification," CEPR Discussion Papers, Centre for Economic Policy Research, number 3898, May.
• Weder, Mark, 2003, "Taylor Rules in Practice: How Central Banks can Intercept Sunspot Expectations," CEPR Discussion Papers, Centre for Economic Policy Research, number 3899, May.
• Kilian, Lutz & Manganelli, Simone, 2003, "The Central Banker as a Risk Manager: Quantifying and Forecasting Inflation Risks," CEPR Discussion Papers, Centre for Economic Policy Research, number 3918, Jun.
• Honkapohja, Seppo & Evans, George W., 2003, "Policy Interaction, Expectation and Liquidity Trap," CEPR Discussion Papers, Centre for Economic Policy Research, number 3925, Jun.
• Benhabib, Jess & Uribe, Martín & Schmitt-Grohé, Stephanie, 2003, "Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability," CEPR Discussion Papers, Centre for Economic Policy Research, number 3928, Jun.
• Vredin, Anders & Söderlind, Paul & Söderström, Ulf, 2003, "Taylor Rules and the Predictability of Interest Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 3934, May.
• Minford, Patrick & Srinivasan, Naveen, 2003, "Understanding the Opportunistic Approach to Disinflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 3938, Jun.
• Honkapohja, Seppo & Evans, George W., 2003, "Adaptive Learning and Monetary Policy Design," CEPR Discussion Papers, Centre for Economic Policy Research, number 3962, Jul.
• Beetsma, Roel & Jensen, Henrik, 2003, "Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union," CEPR Discussion Papers, Centre for Economic Policy Research, number 4020, Aug.
• Aksoy, Yunus & Orphanides, Athanasios & Wieland, Volker & Wilcox, David & Small, David, 2003, "A Quantitative Exploration of the Opportunistic Approach to Disinflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 4073, Sep.
• Dellas, Harris & Collard, Fabrice, 2003, "The Case for Inflation Stability," CEPR Discussion Papers, Centre for Economic Policy Research, number 4082, Oct.
• Dellas, Harris & Collard, Fabrice, 2003, "Poole in the New Keynesian Model," CEPR Discussion Papers, Centre for Economic Policy Research, number 4083, Oct.
• Farmer, Roger & Beyer, Andreas, 2003, "Identifying the Monetary Transmission Mechanism Using Structural Breaks," CEPR Discussion Papers, Centre for Economic Policy Research, number 4106, Nov.
• Adam, Klaus & Billi, Roberto, 2003, "Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 4111, Nov.
• Chadha, Jagjit S & Sarno, Lucio & Valente, Giorgio, 2003, "Monetary Policy Rules, Asset Prices and Exchange Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 4114, Nov.
• Hughes Hallett, Andrew & Demertzis, Maria, 2003, "Three Models of Imperfect Transparency in Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 4117, Nov.
• Honkapohja, Seppo & Mitra, Kaushik, 2003, "Performance of Inflation Targeting Based on Constant Interest Rate Projections," CEPR Discussion Papers, Centre for Economic Policy Research, number 4126, Dec.
• Ellison, Martin, 2003, "The Learning Cost of Interest Rate Reversals," CEPR Discussion Papers, Centre for Economic Policy Research, number 4135, Dec.
• Gersbach, Hans & Hahn, Volker, 2003, "Signalling and Commitment: Monetary versus Inflation Targeting," CEPR Discussion Papers, Centre for Economic Policy Research, number 4151, Dec.
• Jean-Pascal BENASSY, 2003, "Staggered contracts and persistence : microeconomic foundations and macroeconomic dynamics," Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2003021, Jun.
• Ludovic AUBERT & Stéphane ADJEMIAN, 2003, "Cible d’inflation ou de niveau de prix : quelle option retenir pour la banque centrale dans un environnement “Nouveau Keynésien”?," Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2003033, Sep.
• Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003, "Addicted to Dollars," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 594, Oct.
• Neiss, Katharine S. & Nelson, Edward, 2003, "The Real-Interest-Rate Gap As An Inflation Indicator," Macroeconomic Dynamics, Cambridge University Press, volume 7, issue 2, pages 239-262, April.
• Kaas, Leo & Weinrich, Gerd, 2003, "Money And Growth In A Production Economy With Multiple Assets," Macroeconomic Dynamics, Cambridge University Press, volume 7, issue 5, pages 670-690, November.
• Lütkepohl, Helmut & Wolters, Jürgen, 2003, "Transmission Of German Monetary Policy In The Pre-Euro Period," Macroeconomic Dynamics, Cambridge University Press, volume 7, issue 5, pages 711-733, November.
• Lütkepohl, Helmut & Wolters, Jürgen, 2003, "Transmission Of German Monetary Policy In The Pre-Euro Period," Macroeconomic Dynamics, Cambridge University Press, volume 7, issue 5, pages 711-733, November.
• Alan J. Auerbach & Maurice Obstfeld, 2003, "The case for open-market purchases in a liquidity trap," Proceedings, Federal Reserve Bank of San Francisco, issue mar.
• Kevin J. Lansing & Bharat Trehan, 2003, "Forward-Looking Behavior and the Optimality of the Taylor Rule," Working Paper Series, Federal Reserve Bank of San Francisco, number 2001-03, Feb, DOI: 10.24148/wp2001-03.
• Tao Wu, 2003, "Monetary Policy and the Slope Factors in Empirical Term Structure Estimations," Working Paper Series, Federal Reserve Bank of San Francisco, number 2002-07, Aug, DOI: 10.24148/wp2002-07.
• Richard Dennis, 2003, "Inferring Policy Objectives from Economic Outcome," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-05, Jun, DOI: 10.24148/wp2003-05.
• Andrew T. Levin & John C. Williams, 2003, "Robust Monetary Policy with Competing Reference Models," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-10, Jul, DOI: 10.24148/wp2003-10.
• Athanasios Orphanides & John C. Williams, 2003, "Inflation Scares and Forecast-Based Monetary Policy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2003-11, Jul, DOI: 10.24148/wp2003-11.
• 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.
• James B. Bullard & In-Koo Cho, 2003, "Escapist policy rules," Working Papers, Federal Reserve Bank of St. Louis, number 2002-002, DOI: 10.20955/wp.2002.002.
• Michael R. Pakko, 2003, "On the information content of asymmetric FOMC policy statements: evidence from a Taylor-rule perspective," Working Papers, Federal Reserve Bank of St. Louis, number 2003-016, DOI: 10.20955/wp.2003.016.
• Edward Nelson, 2003, "Money and the transmission mechanism in the optimizing IS-LM specification," Working Papers, Federal Reserve Bank of St. Louis, number 2003-019, DOI: 10.20955/wp.2003.019.
• Leonardo Bartolini & Alessandro Prati, 2003, "The execution of monetary policy: a tale of two central banks," Staff Reports, Federal Reserve Bank of New York, number 165.
• Ernst Schaumburg & Andrea Tambalotti, 2003, "An investigation of the gains from commitment in monetary policy," Staff Reports, Federal Reserve Bank of New York, number 171, Aug.
• Leonardo Bartolini & Alessandro Prati, 2003, "Cross-country differences in monetary policy execution and money market rates' volatility," Staff Reports, Federal Reserve Bank of New York, number 175, Oct.
• Sylvain Leduc & Keith Sill, 2003, "Monetary policy, oil shocks, and TFP: accounting for the decline in U.S. volatility," Working Papers, Federal Reserve Bank of Philadelphia, number 03-22.
• Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability," Working Papers, Federal Reserve Bank of Philadelphia, number 03-4.
• Pavel Kadochnikov, 2003, "External factors of monetary policy of the Russian Federation," Research Paper Series, Gaidar Institute for Economic Policy, issue 49P, pages 1-76.
• Sergey Drobyshevsky & Anna Kozlovskaya & D. Levchenko & S. Ponomarenko & Pavel Trunin & Sergey Chetverikov, 2003, "A comparative analysis of monetary policy in transition economies," Research Paper Series, Gaidar Institute for Economic Policy, issue 58P, pages 244-244.
• Jean-Bernard Chatelain & Andrea Generale & Philip Vermeulen & Michael Ehrmann & Jorge Martínez-Pagés & Andreas Worms, 2003, "Monetary policy transmission in the euro area: New evidence from micro data on firms and banks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number halshs-00119489, DOI: 10.1162/154247603322391350.
• Ludovic Aubert & Stéphane Adjemian, 2003, "Cible d'inflation ou de niveau de prix : quelle option retenir pour la banque centrale dans un environnement « nouveau keynésien »?," Post-Print, HAL, number hal-02878009, DOI: 10.3917/rel.693.0293.
• Jean-Bernard Chatelain & Andrea Generale & Philip Vermeulen & Michael Ehrmann & Jorge Martínez-Pagés & Andreas Worms, 2003, "Monetary policy transmission in the euro area: New evidence from micro data on firms and banks," Post-Print, HAL, number halshs-00119489, DOI: 10.1162/154247603322391350.
• Edwin Le Héron, 2003, "A New Consensus on Monetary Policy?," Post-Print, HAL, number halshs-00159854.
• Nikolay Nenovsky & Y. Rizopoulos, 2003, "Peut-on mesurer le changement institutionnel du régime monétaire?," Post-Print, HAL, number halshs-00259754, May.
• Nikolay Nenovsky, 2003, "Peut-on mesurer le changement institutionnel du régime monétaire ?," Post-Print, HAL, number halshs-00260463, May.
• Westerlund, Joakim, 2003, "A Panel Data Test of the Bank Lending Channel in Sweden," Working Papers, Lund University, Department of Economics, number 2003:16, Nov.
• Bårdsen, Gunnar & Jansen, Eilev S. & Nymoen, Ragnar, 2003, "Testing the New Keynesian Phillips curve," Memorandum, Oslo University, Department of Economics, number 18/2002, Jun.
• Johnsson, Richard C.B., 2003, "Deflation and Japan Revisited," Ratio Working Papers, The Ratio Institute, number 23, May, revised 30 Apr 2004.
• Söderlind, Paul & Söderström, Ulf & Vredin, Anders, 2003, "Taylor Rules and the Predictability of Interest Rates," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 147, Apr.
• Jonsson, Magnus & Palmqvist, Stefan, 2003, "Inflation, Markups and Monetary Policy," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 148, Apr.
• Lindé, Jesper, 2003, "Monetary Policy Shocks and Business Cycle Fluctuations in a Small Open Economy: Sweden 1986-2002," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 153, Nov.
• Villani, Mattias & Warne, Anders, 2003, "Monetary Policy Analysis in a Small Open Economy using Bayesian Cointegrated Structural VARs," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 156, Dec.
• Nimark, Kristoffer P., 2003, "Indicator Accuracy and Monetary Policy: Is Ignorance Bliss?," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 157, Dec.
• Österholm, Pär, 2003, "The Taylor Rule: A Spurious Regression?," Working Paper Series, Uppsala University, Department of Economics, number 2003:20, Aug.
• Viv Hall, 2003, "Central Bank Governance: Common Elements or Different Models?," Working Papers, Hong Kong Institute for Monetary Research, number 202003, Oct.
• Loboguerrero, Ana María & Panizza, Ugo, 2003, "Inflation and Labor Market Flexibility: The Squeaky Wheel Gets the Grease," IDB Publications (Working Papers), Inter-American Development Bank, number 1478, Aug, DOI: http://dx.doi.org/10.18235/0010817.
• Ana Maria Loboguerrero & Ugo Panizza, 2003, "Inflation and Labor Market Flexibility: The Squeaky Wheel Gets the Grease," Research Department Publications, Inter-American Development Bank, Research Department, number 4347, Aug.
• Auray, Stéphane & Fève, Patrick, 2003, "Are Monetary Models with Exogenous Money Growth Rule Able to Match the Taylor Rule?," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 231.
• Michel Normandin & Louis Phaneuf, 2003, "Monetary Policy Shocks: Testing Identification Conditions Under Time-Varying Conditional Volatility," Cahiers de recherche, HEC Montréal, Institut d'économie appliquée, number 03-04, Oct.
• David Andolfatto & Paul Gomme, 2003, "Monetary Policy Regimes and Beliefs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, volume 44, issue 1, pages 1-30, February.
• Aleksander Berentsen & Guillaume Rocheteau, 2003, "Money and the Gains from Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, volume 44, issue 1, pages 263-297, February.
• Tommaso Monacelli, 2003, "Monetary Policy in a Low Pass-Through Environment," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 228.
• Kenneth N. Kuttner & Adam S. Posen, 2003, "The Difficulty of Discerning What's Too Tight: Taylor Rules and Japanese Monetary Policy," Working Paper Series, Peterson Institute for International Economics, number WP03-10, Dec.
• Carlo Altavilla, 2003, "Assessing monetary rules performance across EMU countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., volume 8, issue 2, pages 131-151, DOI: 10.1002/ijfe.199.
• Javier Gómez & Juan Manuel Julio, 2003, "Transmission Mechanism and Inflation Targeting: The Case of Colombia's Desinflation," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, volume 18, issue 2, pages 109-133, December.
• Sara G. Castellanos & Eduardo Camero, 2003, "La estructura temporal de tasas de interés en México: ¿Puede predecir la actividad económica futura?," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, volume 18, issue 2, pages 33-66, December.
• Jang, Kyungho & Ogaki, Masao, 2003, "The Effects of Japanese Monetary Policy Shocks on Exchange Rates: A Structural Vector Error Correction Model Approach," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 21, issue 1, pages 1-34, February.
• Andolfatto, David, 2003, "Monetary Implications of the Hayashi-Prescott Hypothesis for Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 21, issue 4, pages 1-20, December.
• Kuroda, Sachiko & Yamamoto, Isamu, 2003, "The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate: Quantitative Evidence from Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 21, issue 4, pages 57-85, December.
• Mr. Eduardo Morón & Mr. Diego Winkelried, 2003, "Monetary Policy Rules for Financially Vulnerable Economies," IMF Working Papers, International Monetary Fund, number 2003/039, Feb.
• Mr. Gaston Gelos & Mr. Alessandro Prati & Oya Celasun, 2003, "Would "Cold Turkey" Work in Turkey?," IMF Working Papers, International Monetary Fund, number 2003/049, Mar.
• Mr. Haizhou Huang & Shang-Jin Wei, 2003, "Monetary Policies for Developing Countries: The Role of Corruption," IMF Working Papers, International Monetary Fund, number 2003/183, Sep.
• Mr. Jun Nagayasu, 2003, "The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period," IMF Working Papers, International Monetary Fund, number 2003/208, Oct.
• Francisco Rosende, 2003, "Money and Inflation: The End of Monetarism - Introduction," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., volume 40, issue 121, pages 679-680.
• Beissinger, Thomas & Knoppik, Christoph, 2003, "Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen," IZA Discussion Papers, IZA Network @ LISER, number 800, Jun.
• Bauer, Thomas K. & Bonin, Holger & Sunde, Uwe, 2003, "Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data," IZA Discussion Papers, IZA Network @ LISER, number 959, Dec.
• Johann Burgstaller, 2003, "Interest Rate Transmission to Commercial Credit Rates in Austria," Economics working papers, Department of Economics, Johannes Kepler University Linz, Austria, number 2003-06, May.
• Holtemöller Oliver, 2003, "Money Stock, Monetary Base and Bank Behavior in Germany / Geldmenge, Geldbasis und Bankenverhalten in Deutschland," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 223, issue 3, pages 257-278, June, DOI: 10.1515/jbnst-2003-0302.
• Reimers Hans-Eggert, 2003, "Does Money Include Information for Prices in the Euro Area? / Enthält Geld Informationen für die Preisentwicklung im Eurowährungsgebiet?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 223, issue 5, pages 581-602, October, DOI: 10.1515/jbnst-2003-0506.
• Chortareas, Georgios E & Miller, Stephen M, 2003, "Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?," Public Choice, Springer, volume 116, issue 3-4, pages 271-295, September.
• Jens R. Clausen & Carsten-Patrick Meier, 2003, "Did the Bundesbank Follow a Taylor Rule? An Analysis Based on Real-Time Data," IWP Discussion Paper Series, Institute for Economic Policy, Cologne, Germany, number 02/2003, Aug.
• Andreas Schabert, 2003, "On the Relevance of Open Market Operations," Working Paper Series in Economics, University of Cologne, Department of Economics, number 4, Dec.
• Stephen J. Davies, 2003, "Japan's Deflation and the Feasibility of Negative Interest Rates," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, volume 47, pages 93-115, February.
• Pete, Péter & Ozsvald, Éva, 2003, "A japán gazdasági válság - likviditási csapda az új évezredben?
  [The Japanese economic crisis - a liquidity trap in the new millennium?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 7, pages 571-589.
• Rasmus Fatum & Barry Scholnick, 2003, "Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations? Evidence from the Federal Funds Futures Market," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, number 03-18, May, revised Aug 2003.
• Hans Dewachter & Marco Lyrio, 2003, "Macro Factors and the Term Structure of Interest Rates," International Economics Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics, number ces0304, Apr.
• Fabio ALESSANDRINI, 2003, "Some Additional Evidence from the Credit Channel on the Response to Monetary Shocks: Looking for Asymmetries," Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie, number 03.04, Feb.
• David Fielding, 2003, "How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 03/11, Aug.
• Greg Hannsgen, 2003, "Minsky's Acceleration Channel and the Role of Money," Economics Working Paper Archive, Levy Economics Institute, number wp_384, Jul.
• Philip Arestis & Malcolm Sawyer, 2003, "Inflation Targeting: A Critical Appraisal," Economics Working Paper Archive, Levy Economics Institute, number wp_388, Sep.
• Martins Bitans & Dainis Stikuts & Ivars Tillers, 2003, "Transmission of Monetary Shocks in Latvia," Working Papers, Latvijas Banka, number 2003/01, May.
• Jean-Pierre Danthine & André Kurmann, 2003, "Fair Wages in a New Keynesian Model of the Business Cycle," Cahiers de recherche, CIRPEE, number 0320.
• Michel Normandin & Louis Phaneuf, 2003, "Monetary Policy Shocks: Testing Identification Conditions Under Time-Varying Conditional Volatility," Cahiers de recherche, CIRPEE, number 0337.
• Percy Ip, 2003, "Japan Inside the Black Hole," Research Papers, Macquarie University, Department of Economics, number 0308, Sep.
• Gyula Barabás (ed.) & Csaba Balogh & Tamás Czeti & Szilárd Erhart & Zsolt Érsek & András Kármán & Gergely Kóczán & Róbert Rékási, 2003, "Coping with the speculative attack against the forint's band," MNB Background Studies (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), number 2003/3.
• Balázs Világi, 2003, "The Optimal Euro Conversion Rate in a Stochastic Dynamic General Equilibrium Model," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2003/11.
• Giuseppe Marotta, 2003, "When do trade credit discounts matter? Evidence from Italian firm-level data," Heterogeneity and monetary policy, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica, number 0303, Mar.
• DUFOUR, Jean-Marie & PELLETIER, Denis & RENAULT, Éric, 2003, "Short run and long run causality in time series: Inference," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2003-16.
• DOLADO, J.J. & MARIA-DOLORES, R. & RUGE-MURCIA, Francisco J., 2003, "Nonlinear Monetary Policy Rules: Some New Evidence for the U.S," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2003-24.
• DUFOUR, Jean-Marie & PELLETIER, Denis & RENAULT, Éric, 2003, "Short Run and Long Run Causality in Time Series : Inference," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 14-2003.
• DOLADO, J.J. & MARIA-DOLORES, R. & RUGE-MURCIA, Francisco J., 2003, "Nonlinear Monetary Policy Rules: Some New Evidence for the U.S," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 18-2003.
• Carl E. Walsh, 2003, "Monetary Theory and Policy, 2nd Edition," MIT Press Books, The MIT Press, number 0262232316, edition 2, ISBN: ARRAY(0x8cbf3d60), December.
• Robert J. Barro, 2003, "Nothing is Sacred: Economic Ideas for the New Millennium," MIT Press Books, The MIT Press, number 0262524155, edition 1, ISBN: ARRAY(0x8d0359d8), December.
• Richard W. Douglas, Jr., 2003, "Time Consistency and Shocks to the Natural Rate of Output," Journal of Economic Insight, Missouri Valley Economic Association, volume 29, issue 2, pages 21-35.
• Arminio Fraga & Ilan Goldfajn & Andre Minella, 2003, "Inflation Targeting in Emerging Market Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 10019, Oct.
• Haizhou Huang & Shang-Jin Wei, 2003, "Monetary Policies for Developing Countries: The Role of Corruption," NBER Working Papers, National Bureau of Economic Research, Inc, number 10093, Nov.
• Benjamin Friedman, 2003, "The LM Curve: A Not-So-Fond Farewell," NBER Working Papers, National Bureau of Economic Research, Inc, number 10123, Nov.
• Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Optimal Fiscal and Monetary Policy Under Imperfect Competition," NBER Working Papers, National Bureau of Economic Research, Inc, number 10149, Dec.
• Christina D. Romer & David H. Romer, 2003, "Choosing the Federal Reserve Chair: Lessons from History," NBER Working Papers, National Bureau of Economic Research, Inc, number 10161, Dec.
• Lars E.O. Svensson, 2003, "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," NBER Working Papers, National Bureau of Economic Research, Inc, number 10195, Dec.
• Lars E.O. Svensson, 2003, "Optimal Policy with Low-Probability Extreme Events," NBER Working Papers, National Bureau of Economic Research, Inc, number 10196, Dec.
• Marc P. Giannoni & Michael Woodford, 2003, "Optimal Interest-Rate Rules: I. General Theory," NBER Working Papers, National Bureau of Economic Research, Inc, number 9419, Jan.
• Marc P. Giannoni & Michael Woodford, 2003, "Optimal Interest-Rate Rules: II. Applications," NBER Working Papers, National Bureau of Economic Research, Inc, number 9420, Jan.
• Lars E. O. Svensson, 2003, "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," NBER Working Papers, National Bureau of Economic Research, Inc, number 9421, Jan.
• Jean Boivin & Marc P. Giannoni, 2003, "Has Monetary Policy Become More Effective?," NBER Working Papers, National Bureau of Economic Research, Inc, number 9459, Jan.
• Lars E. O. Svensson, 2003, "Monetary Policy and Real Stabilization," NBER Working Papers, National Bureau of Economic Research, Inc, number 9486, Feb.
• Guillermo Calvo & Oya Celasun & Michael Kumhof, 2003, "Inflation Inertia and Credible Disinflation - The Open Economy Case," NBER Working Papers, National Bureau of Economic Research, Inc, number 9557, Mar.
• Jess Behabib & Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability," NBER Working Papers, National Bureau of Economic Research, Inc, number 9558, Mar.
• 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," NBER Working Papers, National Bureau of Economic Research, Inc, number 9660, Apr.
• Lars E. O. Svensson & Michael Woodford, 2003, "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Working Papers, National Bureau of Economic Research, Inc, number 9747, Jun.
• Alan J. Auerbach & Maurice Obstfeld, 2003, "The Case for Open-Market Purchases in a Liquidity Trap," NBER Working Papers, National Bureau of Economic Research, Inc, number 9814, Jul.
• Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Anticipated Ramsey Reforms and the Uniform Taxation Principle: the Role of International Financial Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 9862, Jul.
• Christina D. Romer & David H. Romer, 2003, "A New Measure of Monetary Shocks: Derivation and Implications," NBER Working Papers, National Bureau of Economic Research, Inc, number 9866, Jul.
• Athanasios Orphanides & John C. Williams, 2003, "Imperfect Knowledge, Inflation Expectations, and Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 9884, Aug.
• Pierpaolo Benigno & Michael Woodford, 2003, "Optimal Monetary and Fiscal Policy: A Linear Quadratic Approach," NBER Working Papers, National Bureau of Economic Research, Inc, number 9905, Aug.
• Marc P. Giannoni & Michael Woodford, 2003, "Optimal Inflation Targeting Rules," NBER Working Papers, National Bureau of Economic Research, Inc, number 9939, Sep.
• Gauti B. Eggertsson & Michael Woodford, 2003, "Optimal Monetary Policy in a Liquidity Trap," NBER Working Papers, National Bureau of Economic Research, Inc, number 9968, Sep.
• Ignazio Angeloni & Anil K. Kashyap & Benoît Mojon & Daniele Terlizzese, 2003, "Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?," NBER Working Papers, National Bureau of Economic Research, Inc, number 9984, Sep.
• 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.
• Plamen Yossifov, 2003, "The Use of Credit Ceilings in the Presence of Indirect Monetary," Macroeconomics, University Library of Munich, Germany, number 0302008, Feb.
• Ralph de Haas, 2003, "Inflation. How much is too much? (in Dutch)," Macroeconomics, University Library of Munich, Germany, number 0303001, Mar.
• Claus Brand & Hans-Eggert Reimers & Franz Seitz, 2003, "Narrow Money and the Business Cycle: Theoretical aspects and euro area evdence," Macroeconomics, University Library of Munich, Germany, number 0303012, Mar.
• Alicia García Herrero & Pedro del Río López, 2003, "Implications of the design of monetary policy for financial stability," Macroeconomics, University Library of Munich, Germany, number 0304008, Apr.
• Paolo Surico, 2003, "How does the ECB target inflation?," Macroeconomics, University Library of Munich, Germany, number 0305005, May.