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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

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

Learning, expectations formation, and the pitfalls of optimal control monetary policy

Orphanides, Athanasios; Williams, John C. - In: Journal of monetary economics 55 (2008), pp. 80-96

Persistent link: https://www.econbiz.de/10003790054

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

Robust monetary policy with imperfect knowledge

Orphanides, Athanasios; Williams, John C. - In: Journal of monetary economics 54 (2007) 5, pp. 1406-1435

Persistent link: https://www.econbiz.de/10003555178

Comment on Orphanides and Williams' "Robust monetary policy"

Bullard, James Brian - In: Journal of monetary economics 54 (2007) 5, pp. 1436-1440

Persistent link: https://www.econbiz.de/10003555179

Have we underestimated the likelihood and severity of zero lower bound events?

Hess, Chung; Laforte, Jean-Philippe; Reifschneider, … - In: Journal of money, credit and banking : JMCB 44 (2012), pp. 47-82

Persistent link: https://www.econbiz.de/10009574677

Using a long-term interest rate as the monetary policy instrument

McGough, Bruce; Rudebusch, Glenn D.; Williams, John C. - In: Journal of monetary economics 52 (2005) 5, pp. 855-879

Persistent link: https://www.econbiz.de/10003174341

Comment on: "Using a long-term interest rate as the monetary policy instrument

Woodford, Micheal - In: Journal of monetary economics 52 (2005) 5, pp. 881-887

Persistent link: https://www.econbiz.de/10003174346

Robust monetary policy with competing reference models

Levin, Andrew T.; Williams, John C. - In: Journal of monetary economics 50 (2003) 5, pp. 945-975

Persistent link: https://www.econbiz.de/10001785843