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On the supply of the demand for money

Spindt, Paul A. - Federal Reserve Board (Board of Governors of the … - 1987

Persistent link: https://www.econbiz.de/10005724054

The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence

Gertler, Mark; Gilchrist, Simon - Federal Reserve Board (Board of Governors of the … - 1993

Persistent link: https://www.econbiz.de/10004965416

Money, politics and the post-war business cycle

Faust, Jon; Irons, John - Federal Reserve Board (Board of Governors of the … - 1996

While macroeconometricians continue to dispute the size, timing, and even the existence of effects of monetary policy, political economists often find large effects of political variables and often attribute the effects to manipulation of the Fed. Since the political econometricians often use...

Persistent link: https://www.econbiz.de/10005498761

The robustness of identified VAR conclusions about money

Faust, Jon - Federal Reserve Board (Board of Governors of the … - 1998

This paper presents a new way to assess robustness of claims from identified VAR work. All possible identifications are checked for the one that is worst for the claim, subject to the restriction that the VAR produce reasonable impulse responses to shocks. The statistic on which the claim is...

Persistent link: https://www.econbiz.de/10005498828

Price smoothing, intermediate monetary targeting, and price level non- trend-stationarity

VanHoose, David D. - Federal Reserve Board (Board of Governors of the … - 1988

Persistent link: https://www.econbiz.de/10005721237

Money and inflation: some critical issues

McCallum, Bennett T.; Nelson, Edward - Federal Reserve Board (Board of Governors of the … - 2010

aggregates at all. We begin by considering the body of thought known as the "quantity theory of money." The quantity theory … the nominal money stock. The nominal homogeneity conditions that deliver the quantity-theory result are the same as those … paribus unitary relationship between inflation and money growth. Simulations of a New Keynesian model suggest that we should …

Persistent link: https://www.econbiz.de/10008764380

Monetary policy under neoclassical and New-Keynesian Phillips Curves, with an application to price level and inflation targeting

Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 1998

This paper compares discretionary monetary policy under two Phillips curves. Previous work uses a Phillips curve consistent with "Neoclassical" models of price adjustment. Sticky price models imply a "New-Keynesian" Phillips curve based on staggered price setting that delivers familiar results...

Persistent link: https://www.econbiz.de/10005513106

When is monetary policy effective?

Ammer, John; Brunner, Allan D. - Federal Reserve Board (Board of Governors of the … - 1995

-wage and sticky-price theories and strong evidence against credit-rationing theories. First, we find that models that allow for …

Persistent link: https://www.econbiz.de/10005372575

John Taylor rules: a speech at the Conference on John Taylor's Contributions to Monetary Theory and Policy, Federal Reserve Bank of Dallas, Dallas, Texas, October 12, 2007

Kohn, Donald L. - Federal Reserve Board (Board of Governors of the … - 2007

Persistent link: https://www.econbiz.de/10005390122

Uncertainty, learning, and gradual monetary policy

Sack, Brian - Federal Reserve Board (Board of Governors of the … - 1998

The value of a vast array of financial assets are functions of rates or prices determined in OTC, interbank, or other off-exchange markets. In order to price such derivative assets, underlying rate and price indexes are routinely sampled and estimated. To guard against misreporting, whether...

Persistent link: https://www.econbiz.de/10005393961