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Comments on Gordon, Leeper, and Zhaś "Trends in velocity and policy expectations"

McGrattan, Ellen R. - 1998

Persistent link: https://www.econbiz.de/10000986030

Trends in velocity and policy expectations : a comment

McGrattan, Ellen R. - In: Carnegie Rochester conference series on public policy : … 49 (1998), pp. 305-316

Persistent link: https://www.econbiz.de/10001419616

The new neoclassical synthesis and the role of monetary policy

Goodfriend, Marvin; McGrattan, Ellen R. - In: NBER macroeconomics annual 12 (1997), pp. 231-283

Persistent link: https://www.econbiz.de/10001254158

Predicting the effects of federal reserve policy in a sticky-price model : an analytical approach

McGrattan, Ellen R. - 1999

"In this paper, I characterize equilibria for a sticky-price model in which Federal Reserve policy is an interest-rate rule similar to that described in Taylor (1993). For standard preferences and technologies used in the literature, the model predicts that the nominal interest rate is...

Persistent link: https://www.econbiz.de/10001447236

Predicting the effects of Federal Reserve policy in a sticky price model: an analytical approach

McGrattan, Ellen - In: Proceedings (2001) Jun

In this paper, I characterize equilibria for a sticky-price model in which Federal Reserve policy is an interest-rate rule similar to that described in Taylor (1993). For standard preferences and technologies used in the literature, the model predicts that the nominal interest rate is negatively...

Persistent link: https://www.econbiz.de/10005372670