Does the fed act gradually? A VAR analysis

Macroeconomics and Reality

1980 • 12,249 citations

Discretion versus policy rules in practice

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Econometric policy evaluation: A critique

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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The Federal funds rate and the channels of monetary transmission

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An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy

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Monetary Policy Rules

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Measuring Monetary Policy

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Are Forecasting Models Usable for Policy Analysis?

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Uncertainty and the effectiveness of policy

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Optimal monetary policy inertia

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DOES MONETARY POLICY GENERATE RECESSIONS?

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Interest rates and the conduct of monetary policy

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Federal Reserve interest rate targeting, rational expectations, and the term structure

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Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 374 citations

Monetary policy trade-offs and the correlation between nominal interest rates and real output

1995 • 348 citations

Simple Rules for Monetary Policy

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Interest rate smoothing and price level trend-stationarity

1987 • 178 citations

Inflation/Output Variance Trade-Offs and Optimal Monetary Policy

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Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty

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Inflation Indicators and Inflation Policy

1995 • 106 citations

Monetary Policy and Uncertainty about the Natural Unemployment Rate

1998 • 104 citations

Why Does the Fed Smooth Interest Rates?

1991 • 103 citations

Uncertainty, Learning, and Gradual Monetary Policy

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The Opportunistic Approach to Disinflation

1996 • 54 citations

Robustness of Simple Policy Rules under Model Uncertainty

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Should Uncertain Monetary Policy-Makers Do Less?

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Learning by Doing and the Value of Experimentation

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