Inflation and Its Variation: An Alternative Explanation

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence

1993 • 1,759 citations

Central Bank Strategy, Credibility, and Independence: Theory and Evidence

1992 • 1,454 citations

A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information

1986 • 1,314 citations

Relative-Price Changes as Aggregate Supply Shocks

1995 • 440 citations

The Mirage of Steady Inflation

1971 • 348 citations

Towards an understanding of the costs of inflation: II

1981 • 301 citations

On the relation between the variability of inflation and the average inflation rate

1981 • 172 citations

A POSITIVE THEORY OF INFLATION AND INFLATION VARIANCE

1989 • 132 citations

Inflation and Real Growth: Some Empirical Results: Note

1981 • 63 citations

Optimal Monetary Policy in a Model of Asymmetric Central Bank Preferences

1998 • 56 citations

Temporal Variability of United States Consumer Price Index

1981 • 19 citations

Macroeconomic aspects of the correlation between the level and variability of inflation

1988 • 13 citations

Utility functions for central bankers: the not so drastic quadratic

1998 • 7 citations