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Inflation determination with Taylor rules: Is new-Keynesian analysis critically flawed?

McCallum, Bennett T. - In: Journal of Monetary Economics 56 (2009) 8, pp. 1101-1108

Cochrane (2007) has strongly questioned the basic economic logic of current monetary policy analysis, arguing that New Keynesian (NK) models imply rational expectations paths with explosive inflation that do not imply explosions in real variables relevant for transversality conditions....

Persistent link: https://www.econbiz.de/10008522740

Rejoinder to Cochrane

McCallum, Bennett T. - In: Journal of Monetary Economics 56 (2009) 8, pp. 1114-1115

Persistent link: https://www.econbiz.de/10008522757

On non-uniqueness in rational expectations models : An attempt at perspective

McCallum, Bennett T. - In: Journal of Monetary Economics 11 (1983) 2, pp. 139-168

Persistent link: https://www.econbiz.de/10005131546

Some issues concerning interest rate pegging, price level determinacy, and the real bills doctrine

McCallum, Bennett T. - In: Journal of Monetary Economics 17 (1986) 1, pp. 135-160

Persistent link: https://www.econbiz.de/10005131766

Indeterminacy, bubbles, and the fiscal theory of price level determination

McCallum, Bennett T. - In: Journal of Monetary Economics 47 (2001) 1, pp. 19-30

Persistent link: https://www.econbiz.de/10005180517

Banking and interest rates in monetary policy analysis: A quantitative exploration

Goodfriend, Marvin; McCallum, Bennett T. - In: Journal of Monetary Economics 54 (2007) 5, pp. 1480-1507

Persistent link: https://www.econbiz.de/10005180598

Price level determinacy with an interest rate policy rule and rational expectations

McCallum, Bennett T. - In: Journal of Monetary Economics 8 (1981) 3, pp. 319-329

Persistent link: https://www.econbiz.de/10005180641

On low-frequency estimates of long-run relationships in macroeconomics

McCallum, Bennett T. - In: Journal of Monetary Economics 14 (1984) 1, pp. 3-14

Persistent link: https://www.econbiz.de/10005182570

Nominal income targeting in an open-economy optimizing model

McCallum, Bennett T.; Nelson, Edward - In: Journal of Monetary Economics 43 (1999) 3, pp. 553-578

Persistent link: https://www.econbiz.de/10005182630

A reconsideration of the uncovered interest parity relationship

McCallum, Bennett T. - In: Journal of Monetary Economics 33 (1994) 1, pp. 105-132

Persistent link: https://www.econbiz.de/10005182641