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

• 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.
• Efrem Castelnuovo, 2003, "Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model," Working Papers, Fondazione Eni Enrico Mattei, number 2003.6, Jan.
• Bonomo, Marco Antônio Cesar & Carvalho, Carlos Viana de, 2003, "Endogenous time-dependent rules and the costs of disinflation with imperfect credibility," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), number 505, Oct.
• George W. Evans & Seppo Honkapohja, 2003, "Policy interaction, expectations, and the liquidity trap," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-16.
• Bruce Preston, 2003, "Learning about monetary policy rules when long-horizon expectations matter," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-18.
• Athanasios Orphanides & John C. Williams, 2003, "Inflation scares and forecast-based monetary policy," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-21.
• Frank Schorfheide, 2003, "Learning and monetary policy shifts," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-23.
• Eric M. Leeper & Tao Zha, 2003, "Modest policy interventions," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-24.
• George W. Evans & Seppo Honkapohja, 2003, "Adaptive learning and monetary policy design," Proceedings, Federal Reserve Bank of Cleveland, pages 1045-1084.
• Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2003, "Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability," Proceedings, Federal Reserve Bank of Cleveland, pages 1379-1423.
• 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(0x672690e0), 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(0x673f3ed8), 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.
• Khalid Sekkat & Marco Buti & Carlos Martinez-Mongay & Paul van den Noord, 2003, "Automatic fiscal stabilisers in EMU: a conflict between efficiency and stabilization?," ULB Institutional Repository, ULB -- Universite Libre de Bruxelles, number 2013/7354.
• Meixing Dai & Moïse Sidiropoulos, 2003, "Règle du taux d’intérêt optimale, prix des actions et taux d’inflation anticip? : une étude de la stabilit? macroéconomique," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), volume 0, issue 4, pages 115-140, December.
• Giuseppe Diana & Moise Sidiropoulos, 2003, "Central Bank Independence, Speed of Disinflation and the Sacrifice Ratio," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2003-08.
• Joe Haslag & R.W. Hafer & Garett Jones, 2003, "The Effect of Monetary Policy on Economic Output," Working Papers, Department of Economics, University of Missouri, number 0311, Sep.
• Antonio Moreno, 2003, "Reaching Inflation Stability," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 13/03, Nov.
• Seonghoon Cho & Antonio Moreno, 2003, "A Structural Estimation and Interpretation of the New Keynesian Macro Model," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 14/03, Nov.
• Javier Díaz-Giménez & Giorgia Giovannetti & Ramon Marimon & Pedro Teles, 2003, "Nominal debt as a burden on monetary policy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 841, Jan, revised Jan 2006.
• Fabio Canova & Luca Gambetti, 2003, "Structural changes in the US economy: is there a role for monetary policy?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 918, May, revised Apr 2008.
• Joerg Baumberger, 2003, "Aligning basic to intermediate macroeconomics to current central bank practice - new suggestions and some unfinished business," University of St. Gallen Department of Economics working paper series 2003, Department of Economics, University of St. Gallen, number 2003-10, Apr.
• Serena Sordi & Alessandro Vercelli, 2003, "Financial Fragility and Economic Fluctuations: Numerical Simulations and Policy Implications," Department of Economics University of Siena, Department of Economics, University of Siena, number 407, Oct.
• Timothy Kam, 2003, "The Value of Interest-rate Smoothing in a Forward-looking Small Open Economy," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 03-12.
• Timothy Kam, 2003, "Optimal Flexible Inflation Targeting, Interest-rate Smoothing and the Open Economy," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 03-26.
• Andrew Hughes Hallett & Diana N. Weymark, 2003, "Independent Monetary Policies and Social Equality," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 0307, Apr.
• Diana N. Weymark, 2003, "Economic Structure, Policy Objectives, and Optimal Interest Rate Policy at Low Inflation Rates," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 0310, May.
• Marco MAZZOLI, 2003, "An Inquiry on Heterogeneity in Lending and Lending Rates," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, volume 111, issue 1, pages 39-76.
• Giovanni Verga, 2003, "II cambio dollaro/euro: fatti e interpretazioni," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, volume 111, issue 2, pages 319-337.
• Berk, J.M. & Bierut, B.K., 2003, "Committee structure and its implications for monetary policy decision-making," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics, number 0006.
• Michael Landesmann & Sandor Richter, 2003, "Consequences of EU Accession: Economic Effects on CEECs," wiiw Research Reports, The Vienna Institute for International Economic Studies, wiiw, number 299, Aug.
• Ali Dib, 2003, "An estimated Canadian DSGE model with nominal and real rigidities," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 36, issue 4, pages 949-972, November, DOI: 10.1111/1540-5982.t01-3-00008.
• Gerhard Sorger, 2003, "Policy rule Nash equilibria," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 36, issue 4, pages 973-992, November, DOI: 10.1111/1540-5982.t01-3-00009.
• Michal Brzoza-Brzezina, 2003, "Estimating the Natural Rate of Interest: A SVAR Approach," Macroeconomics, University Library of Munich, Germany, number 0301008, Jan.
• Jose Ripoll, 2003, "National Appointments to Multinational Monetary Policy Making: A Role Conflict?," Macroeconomics, University Library of Munich, Germany, number 0301009, Jan.
• Ernst Schaumburg & Andrea Tambalotti, 2003, "An Investigation of the Gains from Commitment in Monetary Policy," Macroeconomics, University Library of Munich, Germany, number 0302004, Feb.
• 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.
• Alessandro Flamini, 2003, "CPI Inflation Targeting and Exchange Rate Pass-through," Macroeconomics, University Library of Munich, Germany, number 0306017, Jun.
• Nicola Acocella & Giovanni Di Bartolomeo & Douglas A. Jr. Hibbs, 2003, "Labor market regimes and monetary policy," Macroeconomics, University Library of Munich, Germany, number 0307012, Jul.
• Alejandro Diaz-Bautista & Julio R. Escandon, 2003, "A Simple Dynamic Model of Credit and Aggregate Demand," Macroeconomics, University Library of Munich, Germany, number 0308001, Aug.
• Greg Hannsgen, 2003, "Minsky's Acceleration Channel and the Role of Money," Macroeconomics, University Library of Munich, Germany, number 0308003, Aug.
• Philip Arestis & Malcolm Sawyer, 2003, "Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges," Macroeconomics, University Library of Munich, Germany, number 0308008, Aug.
• Gilles DUFRENOT & Val=E9rie MIGNON & Anne PEGUIN-FEISSOLE, 2003, "Business cycles asymmetry and monetary policy: a further investigatio= n=20 using MRSTAR models," Macroeconomics, University Library of Munich, Germany, number 0309002, Sep.
• Juan Carlos Cordoba & Marla Ripoll, 2003, "Collateral Constraints in a Monetary Economy," Macroeconomics, University Library of Munich, Germany, number 0309003, Sep.
• Jean-Paul Lam, 2003, "Alternative Targeting Regimes, Transmission lags and the Exchange rate Channel," Macroeconomics, University Library of Munich, Germany, number 0309005, Sep, revised 03 Dec 2003.
• Philip Arestis & Malcolm Sawyer, 2003, "Inflation Targeting: A Critical Appraisal," Macroeconomics, University Library of Munich, Germany, number 0309015, Sep.
• Viktor Kotlan & David Navratil, 2003, "Inflation Targeting as a Stabilisation Tool: Its Design and Performance in the Czech Republic," Macroeconomics, University Library of Munich, Germany, number 0310006, Oct.
• Enrico Marchetti & Giovanni Di Bartolomeo, 2003, "Central Banks and Information Provided to the Private Sector," Macroeconomics, University Library of Munich, Germany, number 0311009, Nov.
• Juan Paez-Farrell, 2003, "Monetary Policy and Business Cycle Analysis in an Optimising Model with Expectations Lags," Macroeconomics, University Library of Munich, Germany, number 0312002, Dec.
• Juan Paez-Farrell, 2003, "The New Keynesian Phillips Curve: Some Counterfactual Evidence," Macroeconomics, University Library of Munich, Germany, number 0312003, Dec.
• W. Jos Jansen, 2003, "Inside the Impossible Triangle: Monetary Policy Autonomy in a Credible Target Zone," Macroeconomics, University Library of Munich, Germany, number 0312009, Dec.
• David Eagle & Dale Domian, 2003, "Sounding the Alarm on Inflation Indexing and Strict Inflation Targeting," Macroeconomics, University Library of Munich, Germany, number 0312010, Dec.
• Alfred A. Haug & Ozer Karagedikli & Satish Ranchhod, 2003, "Monetary policy transmission mechanisms and currency unions A vector error correction approach to a Trans-Tasman currency union," Working Papers, York University, Department of Economics, number 2003_2, Feb.
• Kajanoja, Lauri, 2003, "Money as an indicator variable for monetary policy when money demand is forward looking," Bank of Finland Research Discussion Papers, Bank of Finland, number 9/2003.
• Evans, George W. & Honkapohja, Seppo, 2003, "Friedman's money supply rule vs optimal interest rate policy," Bank of Finland Research Discussion Papers, Bank of Finland, number 10/2003.
• Rantala, Anssi, 2003, "Labour market flexibility and policy coordination in a monetary union," Bank of Finland Research Discussion Papers, Bank of Finland, number 11/2003.
• Guender, Alfred V., 2003, "Optimal discretionary monetary policy in the open economy: Choosing between CPI and domestic inflation as target variables," Bank of Finland Research Discussion Papers, Bank of Finland, number 12/2003.
• Schaling, Eric, 2003, "Learning, inflation expectations and optimal monetary policy," Bank of Finland Research Discussion Papers, Bank of Finland, number 20/2003.
• Evans, George W. & Honkapohja, Seppo, 2003, "Policy interaction, expectation and the liquidity trap," Bank of Finland Research Discussion Papers, Bank of Finland, number 22/2003.
• Rantala, Anssi, 2003, "Adaptive learning and multiple equilibria in a natural rate monetary model with unemployment persistence," Bank of Finland Research Discussion Papers, Bank of Finland, number 30/2003.
• Railavo, Jukka, 2003, "Effects of the supply-side channel on stabilisation properties of policy rules," Bank of Finland Research Discussion Papers, Bank of Finland, number 34/2003.
• Hlédik, Tibor, 2003, "A calibrated structural model of the Czech economy," Bank of Finland Research Discussion Papers, Bank of Finland, number 35/2003.
• Nautz, Dieter & Oechssler, Jörg, 2003, "Overbidding in Fixed Rate Tenders - An Empirical Assessment of Alternative Explanations," Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE), number 10/2003.
• Tillmann, Peter, 2003, "Cointegration and Regime-Switching Risk Premia in the U.S. Term Structure of Interest Rates," Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE), number 27/2003.
• von Thadden, Leopold, 2003, "Active monetary policy, passive fiscal policy and the value of public debt: some further monetarist arithmetic," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2003,12.
• Nautz, Dieter & Linzert, Tobias & Breitung, Jörg, 2003, "Bidder Behavior in Repo Auctions without Minimum Bid Rate: Evidence from the Bundesbank," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2003,13.
• Werner, Thomas & Lombardo, Giovanni & Kremer, Jana, 2003, "Money in a New-Keynesian model estimated with German data," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2003,15.
• Wieland, Volker, 2003, "Monetary Policy and Uncertainty about the Natural Unemployment Rate," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/05.
• Levin, Andrew & Wieland, Volker & Williams, John C., 2003, "The performance of forecast-based monetary policy rules under model uncertainty," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/06.
• Coenen, Guenter & Levin, Andrew & Wieland, Volker, 2003, "Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/07.
• Coenen, Guenter & Wieland, Volker, 2003, "A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/08.
• Coenen, Guenter & Wieland, Volker, 2003, "The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/09.
• Adam, Klaus, 2003, "Optimal Monetary Policy with Imperfect Common Knowledge," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/12.