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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

target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …

Persistent link: https://www.econbiz.de/10009320887

Should central banks raise their inflation targets? Some relevant issues

McCallum, Bennett T. - In: Economic Quarterly (2011) 2Q, pp. 111-131

target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …

Persistent link: https://www.econbiz.de/10010722876

How can monetary policy be improved?

McCallum, Bennett T. - In: Conference Series ; [Proceedings] 38 (1994), pp. 245-249

Persistent link: https://www.econbiz.de/10008603754

Targeting vs. instrument rules for monetary policy

McCallum, Bennett T.; Nelson, Edward - Federal Reserve Bank of St. Louis - 2004

-making errors are relevant under the two alternative approaches. Arguments relating to general targeting rules and actual central …

Persistent link: https://www.econbiz.de/10005352773

Targeting versus instrument rules for monetary policy

McCallum, Bennett T.; Nelson, Edward - In: Review (2005) Sep, pp. 597-612

central bank practice are also included. …

Persistent link: https://www.econbiz.de/10005415103

How should central banks reduce inflation? conceptual issues (commentary)

McCallum, Bennett T. - In: Proceedings - Economic Policy Symposium - Jackson Hole (1996), pp. 105-114

Persistent link: https://www.econbiz.de/10005415399

Money and Inflation: Some Critical Issues

McCallum, Bennett T.; Nelson, Edward - In: Handbook of Monetary Economics

We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any substantial reason for modifying the current mainstream mode of policy analysis, which frequently does not consider monetary aggregates at all. We begin by considering the body of...

Persistent link: https://www.econbiz.de/10009002672

Money and inflation: some critical issues

McCallum, Bennett T.; Nelson, Edward - Federal Reserve Board (Board of Governors of the … - 2010

Persistent link: https://www.econbiz.de/10008764380

Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration

Goodfriend, Marvin; McCallum, Bennett T. - 2007

addition, they suggest that a central bank that fails to recognize the distinction between interbank and other short rates …

Persistent link: https://www.econbiz.de/10009441290

Misconceptions Regarding the Zero Lower Bound on Interest Rates

McCallum, Bennett T. - In: Monetary and Economic Studies 24 (2006) S1, pp. 13-26

propositions are invalid: (1) in a ZLB situation, gshaping interest rate expectations is essentially the only tool that central …

Persistent link: https://www.econbiz.de/10004971216