The difficulty of discerning what’s too tight: Taylor rules and Japanese monetary policy

Discretion versus policy rules in practice

1993 • 9,049 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 5,015 citations

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

2000 • 4,799 citations

It's Baaack: Japan's Slump and the Return of the Liquidity Trap

1998 • 1,761 citations

Zero Bound on Interest Rates and Optimal Monetary Policy

2003 • 1,701 citations

Monetary Policy Rules Based on Real-Time Data

2001 • 1,417 citations

The Zero Bound on Interest Rates and Optimal Monetary Policy

2003 • 972 citations

The Great Recession: Lessons for Macroeconomic Policy from Japan

2001 • 214 citations

Interest Rate Policy and the Inflation Scare Problem: 1979-1992

1993 • 191 citations

The Case for Price Stability

2001 • 190 citations

Efficient Monetary Policy Design near Price Stability

2000 • 182 citations

How Useful Are Taylor Rules for Monetary Policy

1999 • 182 citations

Optimal Interest-Rate Rules: I. General Theory

2003 • 152 citations

Interest Rate Policy and the Inflation Scare Problem: 1979-1992

1993 • 138 citations

Policy commitment and expectation formation: Japan’s experience under zero interest rates

2003 • 134 citations

Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan

2000 • 130 citations

Preventing Deflation: Lessons from Japan's Experience in the 1990s

2003 • 130 citations

Restoring Japan's Economic Growth

1998 • 128 citations

Preventing Deflation: Lessons from Japan's Experience in the 1990s

2002 • 81 citations

Asset Price Bubbles, Price Stability, and Monetary Policy: Japan's Experience

2002 • 59 citations

Japanese Monetary Policy, 1991-2001

2003 • 56 citations

Inflation, Monetary Transparency, and G3 Exchange Rate Volatility

2000 • 49 citations

How to Fight Deflation in a Liquidity Trap: Committing to Being Irresponsible

2003 • 47 citations

Low Inflation, Deflation, and Policies for Future Price Stability

2000 • 46 citations

Japanese Monetary Policy, 1991-2001

2003 • 44 citations

Policy Rules as a Means to a More Effective Monetary Policy

1997 • 39 citations

Errors in the Measurement of the Output Gap and the Design of Monetary Policy

1999 • 37 citations

Monetary policy with uncertain estimates of potential output

1992 • 36 citations

Simplicity Versus Optimality: The Choice of Monetary Policy Rules when Agents Must Learn

1999 • 22 citations

Japanese Monetary Policy

2001 • 16 citations

The Looming Japanese Crisis

2002 • 11 citations

Recognizing Japan's Rising Potential Growth

2001 • 9 citations

The 1990s in Japan: A Lost Decade

2000 • 2 citations