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Learning about monetary policy rules
Bullard, James; Mitra, Kaushik - Federal Reserve Bank of St. Louis - 2002
We study macroeconomic systems with forward-looking private sector agents and a monetary authority that is trying to control the economy through the use of a linear policy feedback rule. A typical finding in the burgeoning literature in this area is that policymakers should be relatively...
Persistent link: https://www.econbiz.de/10005352838
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Death of a theory
Bullard, James - Federal Reserve Bank of St. Louis - 2012
"Death of a Theory," presented in St. Louis. January 13, 2012.
Persistent link: https://www.econbiz.de/10010727311
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Sneak preview: death of a theory
Bullard, James - Federal Reserve Bank of St. Louis - 2012
"SNEAK PREVIEW: Death of a Theory." Presented at the Korea-America Economic Association, Chicago, Illinois. January 7, 2012.
Persistent link: https://www.econbiz.de/10010727349
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Macroeconomic dynamics near the ZLB: a tale of two equilibria
Aruoba, S. Boragan; Schorfheide, Frank - Federal Reserve Bank of Philadelphia - 2013
This paper studies the dynamics of a New Keynesian dynamic stochastic general equilibrium (DSGE) model near the zero lower bound (ZLB) on nominal interest rates. In addition to the standard targeted-inflation equilibrium, we consider a deflation equilibrium as well as a Markov sunspot...
Persistent link: https://www.econbiz.de/10010681653
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The value of inside and outside money: expanded version
Bullard, James; Smith, Bruce D. - Federal Reserve Bank of St. Louis - 2001
inside and outside money does and does not allow the economy to achieve a first-best allocation of resources. We also study …
Persistent link: https://www.econbiz.de/10005360600
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The value of inside and outside money
Bullard, James; Smith, Bruce D. - Federal Reserve Bank of St. Louis - 2001
inside and outside money does and does not allow the economy to achieve a first-best allocation of resources. We also study …
Persistent link: https://www.econbiz.de/10005360633
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Money and capital: a quantitative analysis
Aruoba, S. Boragan; Waller, Christopher J.; Wright, Randall - Federal Reserve Bank of St. Louis - 2009
We study the effects of money (anticipated inflation) on capital formation. Previous papers on this topic adopt reduced …-form approaches, putting money in the utility function or imposing cash in advance, but use otherwise frictionless models. We follow a … literature that is more explicit about the frictions making money essential. This introduces several new elements, including a …
Persistent link: https://www.econbiz.de/10005077876
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Private and public circulating liabilities
Azariadis, Costas; Bullard, James; Smith, Bruce - Federal Reserve Bank of St. Louis - 2000
, either by themselves, or alongside a stock of outside money. In each case we provide results on the existence and …
Persistent link: https://www.econbiz.de/10005352978
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Research in macroeconomics after the crisis
Bullard, James - Federal Reserve Bank of St. Louis - 2011
Presented at the 19th Symposium of the Society for Nonlinear Dynamics and Econometrics, the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington D.C.
Persistent link: https://www.econbiz.de/10010727308
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The recent reduction in global macroeconomic uncertainty
Bullard, James - Federal Reserve Bank of St. Louis - 2013
February 13, 2013. Presentation. "The Recent Reduction in Global Macroeconomic Uncertainty." Arkansas State University Agribusiness Conference, Jonesboro, Arkansas.
Persistent link: https://www.econbiz.de/10010727319