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

• 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.
• 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.
• 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 2, 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.
• Luigi Bonatti, 2003, "'Soft' growth and the role of monetary policy in selecting the long-run equilibrium path," Working Papers (-2012), University of Bergamo, Department of Economics, number 0306.
• Alexandros Kontonikas & Christos Ioannidis, 2003, "Should Monetary Policy Respond to Asset Price Misalignments?," Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University, number 03-19, Jun.
• Alexandros Kontonikas & Alberto Montagnoli, 2003, "Optimal Monetary Policy and Asset Price Misalignments," Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University, number 03-22, Nov.
• Alexandros Kontonikas & Christos Ioannidis, 2003, "Should Monetary Policy Respond to Asset Price Misalignments?," Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University, number 03-19, Jun.
• Alexandros Kontonikas & Alberto Montagnoli, 2003, "Optimal Monetary Policy and Asset Price Misalignments," Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University, number 03-22, Nov.
• Virginie Coudert & Cécile Couharde, 2003, "Exchange Rate Regimes and Sustainable Parities for ceecs in the Run-up to emu Membership," Revue économique, Presses de Sciences-Po, volume 54, issue 5, pages 983-1012.
• Daniel Laskar, 2003, "Réaction des banques centrales aux prix des actifs financiers et au taux de change," Revue économique, Presses de Sciences-Po, volume 54, issue 6, pages 1187-1212.
• Jean-Pascal Bénassy, 2003, "Staggered contracts and persistence : microeconomic foundations and macroeconomic dynamics," Recherches économiques de Louvain, De Boeck Université, volume 69, issue 2, pages 125-144.
• 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 » ?," Recherches économiques de Louvain, De Boeck Université, volume 69, issue 3, pages 293-317.
• Chadha, J.S. & Nolan, C., 2003, "On the Interaction of Monetary and Fiscal Policy," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 0303, Jan, DOI: 10.17863/CAM.5361.
• Amir Kia & Ali F. Darrat, 2003, "Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability," Carleton Economic Papers, Carleton University, Department of Economics, number 03-13, Nov, revised Apr 2007.
• Kristin Van Gaasback & Kevin Salyer, 2003, "A New Application of Taylor Rules: Model Evaluation," Working Papers, University of California, Davis, Department of Economics, number 221, Jan.
• Fatum, Rasmus & Scholnick, Barry, 2003, "Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations? Evidence from the Federal Funds Futures Market," Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz, number qt4cc3291n, May.
• Walsh, Carl E., 2003, "Labor Market Search, Sticky Prices, and Interest Rate Policies," Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz, number qt6tg550dv, Mar.
• Jesús Rodríguez López & Hugo Rodríguez Mendizábal, 2003, "How Tight Should Central Bank’s Hands be Tied? Credibility, Volatility and the Optimal Band Width of a Target Zone," Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces, number E2003/24.
• Julide Yildirim, 2003, "Currency Substitution and the Demand for Money in Five European Union Countries," Journal of Applied Economics, Universidad del CEMA, volume 6, pages 361-383, November.
• Burkhard Heer & Bernd Süssmuth, 2003, "Cold Progression and its Effects on Income Distribution," CESifo Working Paper Series, CESifo, number 951.
• Ulrich Blum & Frank Leibbrand, 2003, "Mittelstand und Basel II : welche Unterstützung braucht der sächsische Mittelstand?," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 10, issue 02, pages 17-28, June.
• Adam S. Posen, 2003, "Did Monetary Laxity in Japan Cause the Bubble?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 4, issue 04, pages 21-26, October.
• Frank Westermann, 2003, "Zur Kreditklemme: Ein Vergleich zwischen Japan und Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 56, issue 01, pages 33-37, January.
• Georg Erber, 2003, "Deflationsgefahr in Deutschland und die Geldpolitik der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 56, issue 11, pages 3-9, June.
• Timo Wollmershäuser, 2003, "Sterilisierte Devisenmarktinterventionen - ein umstrittenes währungspolitisches Instrument," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 56, issue 19, pages 34-44, October.
• Martin Meurers, 2003, "USA - Expansive Geld- und Finanzpolitik ebnet den Weg für kräftigen Aufschwung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 56, issue 23, pages 35-44, December.
• Jose De Gregorio, 2003, "Productivity Growth and Disinflation in Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 246, Dec.
• Michel Aglietta & Camille Baulant & Sandra Moatti, 2003, "Les PECO devant la tentation de l'euro," Economie Internationale, CEPII research center, issue 93, pages 11-36.
• Alexis Garatti, 2003, "Implications des chocs communs et specifiques pour le federalisme budgetaire europeen," Economie Internationale, CEPII research center, issue 93, pages 89-116.
• Ludovic Aubert, 2003, "Les indices des conditions monetaires," Economie Internationale, CEPII research center, issue 96, pages 63-102.
• Agnès Bénassy-Quéré & Amina Lahrèche-Revil & Françoise Lemoine, 2003, "Should the Yuan be Revalued?," La Lettre du CEPII, CEPII research center, issue 227.
• Jean-Marie Dufour & Denis Pelletier & Eric Renault, 2003, "Short Run and Long Run Causality in Time Series: Inference," CIRANO Working Papers, CIRANO, number 2003s-61, Sep.
• Ali Dib, 2003, "An estimated Canadian DSGE model with nominal and real rigidities," Canadian Journal of Economics, Canadian Economics Association, 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, Canadian Economics Association, volume 36, issue 4, pages 973-992, November, DOI: 10.1111/1540-5982.t01-3-00009.
• Marc P. Giannoni & Michael Woodford, 2003, "Optimal Interest-Rate Rules: I. General Theory," Levine's Bibliography, UCLA Department of Economics, number 506439000000000384, Mar.
• Marc P. Giannoni & Michael Woodford, 2003, "Optimal Interest-Rate Rules: II. Applications," Levine's Bibliography, UCLA Department of Economics, number 506439000000000394, Mar.
• Jeffery Amato & Hyun Song Shin, 2003, "Public and Private Information in Monetary Policy Models," Levine's Bibliography, UCLA Department of Economics, number 666156000000000092, Aug.
• Michal Skorepa & Viktor Kotlan, 2003, "Inflation Targeting: To Forecast or to Simulate?," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2003/01, Jan.
• Katerina Smidkova, 2003, "Targeting Inflation under Uncertainty: Policy Makers' Perspective," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2003/02, Apr.
• Martin Cihak & Tomas Holub, 2003, "Price Convergence to the EU: What Do the 1999 ICP Data Tell Us?," Working Papers, Czech National Bank, Research and Statistics Department, number 2003/02, Feb.
• Tomas Holub & Martin Cihak, 2003, "Price Convergence: What Can the Balassa-Samuelson Model Tell Us?," Working Papers, Czech National Bank, Research and Statistics Department, number 2003/08, Dec.
• Lubos Komarek & Zdenek Cech & Roman Horvath, 2003, "Optimum Currency Area Indices - How Close is the Czech Republic to the Eurozone?," Working Papers, Czech National Bank, Research and Statistics Department, number 2003/10, Dec.
• Lubos Komarek & Zdenek Cech, Roman Horvath, 2003, "ERM II Membership - the View of the Accession Countries," Working Papers, Czech National Bank, Research and Statistics Department, number 2003/11, Dec.
• Tibor Hledik, 2003, "Modelling the Second-Round Effects of Supply-Side Shocks on Inflation," Working Papers, Czech National Bank, Research and Statistics Department, number 2003/12, Dec.
• Sergio Clavijo & Carlos Varela, 2003, "Flotaci�n Cambiaria y Esterilizaci�n Monetaria: La Experiencia de Colombia," Borradores de Economia, Banco de la Republica, number 2732, Aug.
• Javier G. Gómez-Pineda, 2003, "Wage Indexation, Inflation Inertia, and the Cost of Disinflation," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República.
• Javier Gómez., 2003, "Wage Indexation, Inflation Inertia, and the Cost of Disinflation," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, volume 21, issue 43, pages 66-85, DOI: 10.32468/Espe.4303.
• Hernán Rincón & Jenny Berthel & Miguel G�mez, 2003, "Balance fiscal estructural y cíclico del gobierno nacional central de Colombia, 1980-200," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, volume 21, issue 44, pages 12-62, DOI: 10.32468/Espe.4401.
• Armando Baqueiro & Alejandro D�az de Le�n & Alberto Torres, 2003, "¿Temor a la flotación o a la inflación? La importancia del “traspaso” del tipo de cambio a los precios," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, volume 21, issue 44, pages 64-94, DOI: 10.32468/Espe.4402.
• Carlos A. Arango & �ngela Milena Rojas, 2003, "Demanda laboral y reforma comercial en el sector manufacturero colombiano: 1977-1999," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, volume 21, issue 44, pages 96-154, DOI: 10.32468/Espe.4403.
• Leopoldo Fergusson & Juan Fernando Vargas, 2003, "Dolarizar, flotar, callar," Revista Ecos de Economía, Universidad EAFIT.
• Correia, Isabel & Teles, Pedro & Nicolini, Juan Pablo, 2003, "Optimal Fiscal and Monetary Policy: Equivalence Results," CEPR Discussion Papers, Centre for Economic Policy Research, number 3730, Feb.
• Beetsma, Roel & Bovenberg, Lans, 2003, "Political Shocks, Public Debt and the Design of Monetary and Fiscal Institutions," CEPR Discussion Papers, Centre for Economic Policy Research, number 3753, Feb.
• Cukierman, Alex & Gerlach, Stefan, 2003, "The Inflation Bias Revisited: Theory and Some International Evidence," CEPR Discussion Papers, Centre for Economic Policy Research, number 3761, Feb.
• 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-Grohe, 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.