Caution and Conservatism in the Making of Monetary Policy

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

The Role of Monetary Policy

1995 • 4,093 citations

The Optimal Degree of Commitment to an Intermediate Monetary Target

1985 • 3,677 citations

Rules, discretion and reputation in a model of monetary policy

1983 • 3,635 citations

Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence

1993 • 1,759 citations

Inflation forecast targeting: Implementing and monitoring inflation targets

1997 • 1,700 citations

Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model

1970 • 1,312 citations

Optimal contracts for central bankers

1995 • 1,191 citations

Inflation Targeting: A New Framework for Monetary Policy?

1997 • 1,183 citations

Uncertainty and the effectiveness of policy

1967 • 1,049 citations

Central Banking in Theory and Practice

1998 • 1,008 citations

Central Banking in Theory and Practice

1999 • 765 citations

Optimal Commitment in Monetary Policy: Credibility versus Flexibility

1992 • 617 citations

Designing institutions for monetary stability

1993 • 564 citations

Monetary Policy Games and the Role of Private Information

1984 • 452 citations

How independent should a central bank be

1994 • 428 citations

The Search for a Stable Money Demand Function: A Survey Of the Post-1973 Literature

2016 • 408 citations

Changes in UK monetary policy: Rules and discretion in practice

1997 • 356 citations

Two Fallacies Concerning Central-Bank Independence

1995 • 316 citations

Modern central banking

1995 • 312 citations

Destabilizing effects of exchange-rate escape clauses

1997 • 186 citations

The Future of Central Banking

1995 • 173 citations

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

1981 • 172 citations

Monetary Policy Strategies

1989 • 163 citations

Optimal monetary policy with uncertainty

1979 • 117 citations

Credibility of optimal monetary delegation

1997 • 114 citations

Rogoff's "Conservative" Central Banker Restored

1997 • 92 citations

Central-Bank Independence, Economic Behavior, and Optimal Term Lengths

2016 • 90 citations

The Choice of a Conservative Central Banker in a Multisector Economy

1992 • 77 citations

Designing institutions for monetary stability

1993 • 71 citations

Inflation and Uncertainty at Long and Short Horizons

1990 • 70 citations

Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy

2000 • 62 citations

Credibility of Optimal Monetary Delegation

1998 • 62 citations

Monetary Policy as a Process of Search

1996 • 58 citations

UNCERTAIN EFFECTS OF MONEY AND THE LINK BETWEEN THE INFLATION RATE AND INFLATION UNCERTAINTY

1993 • 49 citations

The effect of monetary variability on welfare in a simple macroeconomic model

1987 • 30 citations

Monetary Policy Strategies

1988 • 20 citations

Uncertainty and the inflation bias of monetary policy

1997 • 20 citations

Better Monetary Control May Decrease the Distortion of Stabilisation Policy: A Comment

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Better Monetary Control May Increase the Inflationary Bias of Policy

1994 • 13 citations

Destabilizing Effects of Exchange-Rate Escape Clauses

1996 • 10 citations

Central Bank independence revisited

2018 • 3 citations