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Determinacy, learnability, and plausibility in monetary policy analysis : additional results
McCallum, Bennett T. - 2008
Persistent link: https://www.econbiz.de/10003868001
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Inflation targeting and the liquidity trap
McCallum, Bennett T. - 2001
Persistent link: https://www.econbiz.de/10001683288
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Should central banks raise their inflation targets? Some relevant issues
McCallum, Bennett T. - In: Economic Quarterly (2011) 2Q, pp. 111-131
Several arguments are relevant. (1) In the absence of the zero lower bound (ZLB), the optimal steady-state inflation rate, according to standard reasoning, lies between deflation at the steady-state real interest rate and the Calvo-model value of zero, with calibration indicating a larger weight...
Persistent link: https://www.econbiz.de/10009320887
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Should central banks raise their inflation targets? Some relevant issues
McCallum, Bennett T. - In: Economic Quarterly (2011) 2Q, pp. 111-131
Several arguments are relevant. (1) In the absence of the zero lower bound (ZLB), the optimal steady-state inflation rate, according to standard reasoning, lies between deflation at the steady-state real interest rate and the Calvo-model value of zero, with calibration indicating a larger weight...
Persistent link: https://www.econbiz.de/10010722876
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Monetary policy and the term structure of interest rates
McCallum, Bennett T. - In: Economic Quarterly (2005) Fall, pp. 1-21
Persistent link: https://www.econbiz.de/10005729253
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Japanese monetary policy, 1991-2001
McCallum, Bennett T. - In: Economic Quarterly (2003) Win, pp. 1-31
Persistent link: https://www.econbiz.de/10005429741
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Alternative monetary policy rules : a comparison with historical settings for the United States, the United Kingdom, and Japan
McCallum, Bennett T. - In: Economic Quarterly (2000) Win, pp. 49-79
Persistent link: https://www.econbiz.de/10005429771