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Crump, Richard K. - 2020

We estimate the elasticity of intertemporal substitution (EIS)—the response of expected consumption growth to changes …). This unique data set allows us to estimate the consumption Euler equation with no auxiliary assumptions on the properties … with the results of much of the literature. In addition, planned consumption displays excess sensitivity to expected income …

Persistent link: https://www.econbiz.de/10012856136

Three lessons for monetary policy in a low-inflation era

Reifschneider, David Leon; Williams, John C. - In: Journal of money, credit and banking : JMCB 32 (2000) 4,2, pp. 936-966

Persistent link: https://www.econbiz.de/10001537696

One decade of inflation targeting in the world: what do we know and what do we need to know?

Mishkin, Frederic S.; Schmidt-Hebbel, Klaus - 2001

Persistent link: https://www.econbiz.de/10001669680

Inflation band targeting and optimal inflation contracts

Mishkin, Frederic S.; Westelius, Niklas J. - In: Journal of money, credit and banking : JMCB 40 (2008) 4, pp. 557-582

Persistent link: https://www.econbiz.de/10003714478

Imperfect knowledge and the pitfalls of optimal control monetary policy

Orphanides, Athanasios; Williams, John C. - 2008

Persistent link: https://www.econbiz.de/10003867961

Monetary policy under inflation targeting : an introduction

Mishkin, Frederic S.; Schmidt-Hebbel, Klaus - 2006

Persistent link: https://www.econbiz.de/10003509872

Inflation targeting under imperfect knowledge

Orphanides, Athanasios; Williams, John C. - 2006

Persistent link: https://www.econbiz.de/10003509883

Does inflation targeting make a difference?

Mishkin, Frederic S.; Schmidt-Hebbel, Klaus - 2006

Persistent link: https://www.econbiz.de/10003509970

Globalization, macroeconomic performance, and monetary policy

Mishkin, Frederic S. - In: Journal of money, credit and banking : JMCB 41 (2009), pp. 187-196

Persistent link: https://www.econbiz.de/10003807835

Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates

Mertens, Thomas M. - 2019

This paper applies a standard New Keynesian model to analyze the effects of monetary policy in the presence of a low natural rate of interest and a lower bound on interest rates. Under a standard inflation-targeting approach, inflation expectations will be anchored at a level below the inflation...

Persistent link: https://www.econbiz.de/10012867264