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Nominal GDP targeting : policy rule or discretionary splurge?
McCallum, Bennett T. - In: Journal of financial stability 17 (2015), pp. 76-80
Persistent link: https://www.econbiz.de/10011574077
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Should monetary policy respond strongly to output gaps?
McCallum, Bennett T. - In: The American economic review 91 (2001) 2, pp. 258-262
Persistent link: https://www.econbiz.de/10001585250
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Should monetary policy respond strongly to the output GAPS?
McCallum, Bennett T. - 2001
Persistent link: https://www.econbiz.de/10001573107
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Should Monetary Policy Respond Strongly to Output Gaps?
McCallum, Bennett T. - 2001
Much recent monetary policy analysis has featured stochastic simulations with small structural macroeconomic models that include: a spending vs. saving ( IS') sector; a price-adjustment sector; and an interest rate policy rule. The first two are frequently specified so as to reflect optimizing...
Persistent link: https://www.econbiz.de/10012470498
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Should Monetary Policy Respond Strongly to Output Gaps?
McCallum, Bennett T. - 2021
Much recent monetary policy analysis has featured stochastic simulations with small structural macroeconomic models that include: a spending vs. saving ( IS') sector; a price-adjustment sector; and an interest rate policy rule. The first two are frequently specified so as to reflect optimizing...
Persistent link: https://www.econbiz.de/10013310231
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An optimization-based econometric framework for the evaluation of monetary policy
Rotemberg, Julio; Fuhrer, Jeffrey C. - In: NBER macroeconomics annual 12 (1997), pp. 297-346
Persistent link: https://www.econbiz.de/10001254157
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Analysis of the monetary transmission mechanism : methodological issues
McCallum, Bennett T. - 1999
Persistent link: https://www.econbiz.de/10001421646
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Can learnability save new-Keynesian models?
Cochrane, John H. - In: Journal of monetary economics 56 (2009) 8, pp. 1109-1113
Persistent link: https://www.econbiz.de/10003976930
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Analysis of the Monetary Transmission Mechanism : Methodological Issues
McCallum, Bennett T. - 1999
functions because the latter require shock identification, which is inherently a difficult process …
Persistent link: https://www.econbiz.de/10012471390
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Analysis of the Monetary Transmission Mechanism : Methodological Issues
McCallum, Bennett T. - 2021
functions because the latter require shock identification, which is inherently a difficult process …
Persistent link: https://www.econbiz.de/10013212576