Monetary policy and inflation targeting

Investment Under Uncertainty.

1994 • 10,269 citations

Discretion versus policy rules in practice

1993 • 9,049 citations

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

Are Government Bonds Net Wealth?

1974 • 6,026 citations

The equity premium: A puzzle

1985 • 5,686 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

Inflation forecast targeting: Implementing and monitoring inflation targets

1997 • 1,700 citations

Political and Monetary Institutions and Public Financial Policies in the Industrial Countries

1991 • 1,589 citations

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

1992 • 1,454 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

Uncertainty and the effectiveness of policy

1967 • 1,049 citations

Optimal Commitment in Monetary Policy: Credibility versus Flexibility

1992 • 617 citations

Nobel Lecture: Monetary Neutrality

1996 • 537 citations

The Changing Behavior of the Term Structure of Interest Rates

1986 • 513 citations

Options, the Value of Capital, and Investment

1996 • 477 citations

How the Bundesbank Conducts Monetary Policy

1996 • 476 citations

A reconsideration of the uncovered interest parity relationship

1994 • 458 citations

The equity premium and the concentration of aggregate shocks

1986 • 453 citations

Interest rates and the conduct of monetary policy

1991 • 448 citations

Inflation Forecasts and Monetary Policy

1997 • 421 citations

Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa

1997 • 393 citations

Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?

1994 • 342 citations

The Conduct of Monetary Policy

1989 • 339 citations

Evaluating policy regimes : new research in empirical macroeconomics

1993 • 320 citations

Two Fallacies Concerning Central-Bank Independence

1995 • 316 citations

The Opportunistic Approach to Disinflation

2002 • 290 citations

Stabilization Policy Ten Years After

1980 • 285 citations

What Determines the Sacrifice Ratio

1993 • 269 citations

Two-step two-stage least squares estimation in models with rational expectations

1983 • 259 citations

Price Stabilization and Welfare

1969 • 256 citations

Sources of Fluctuations in Real and Nominal Exchange Rates

1992 • 223 citations

The evolution of macro models at the Federal Reserve Board

1997 • 213 citations

The Costs and Benefits of Going from Low Inflation to Price Stability

1997 • 203 citations

Terms of trade and real exchange rates: the Canadian evidence

1995 • 197 citations

Optimal Foreign Exchange Market Intervention

1978 • 178 citations

Targeting Nominal Income: An Appraisal

1983 • 176 citations

Efficient Rules for Monetary Policy

1997 • 166 citations

Monetary Policy and the Term Structure of Interest Rates

1994 • 159 citations

Disinflation and the NAIRU

1997 • 157 citations

Lessons on Monetary Policy from the 1980s

1988 • 154 citations

Monetary Policy Actions and Long-Term Interest Rates

1995 • 147 citations

Empirical evidence on the strength of the monetary transmission mechanism in Canada

1994 • 146 citations

A guide to FRB/US: a macroeconomic model of the United States

1996 • 142 citations

Interest-rate targeting

1989 • 137 citations

Does consumer confidence forecast household expenditure?: A sentiment index horse race

1997 • 133 citations

The Information Content of the Interest Rate and Optimal Monetary Policy

1983 • 127 citations

The Meaning of "Internal Balance"

1978 • 124 citations

Price Stability and Financial Fragility

1995 • 121 citations

Is New Zealand's Reserve Bank Act of 1989 an Optimal Central Bank Contract?

1995 • 120 citations

Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?

1994 • 120 citations

Consumer sentiment: its causes and effects

1992 • 119 citations

Australia's Real Exchange Rate–Is it Explained by the Terms of Trade or by Real Interest Differentials?*

1994 • 113 citations

Optimal Exchange Market Intervention in a Simple Stochastic Macro Model

1980 • 110 citations

Modelling Inflation in Australia

1995 • 110 citations

10. The Uncertain Unit Root in Real GNP: Comment

1999 • 109 citations

The Smoothing of Official Interest Rates

1997 • 105 citations

Why Does the Fed Smooth Interest Rates?

1991 • 103 citations

Accounting for real and nominal exchange rate movements in the post-Bretton Woods period

1997 • 98 citations

The Optimal Collection of Seigniorage: Theory and Evidence

1987 • 98 citations

A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence

1993 • 91 citations

Inflation Targeting: A New Framework for Monetary Policy?

1997 • 89 citations

A quantitative exploration of the opportunistic approach to disinflation

2006 • 88 citations

Monetary Policy: Rules, Targets, and Shocks

1983 • 84 citations

Monetary policy rules and the indicator properties of asset prices

1992 • 74 citations

Employment and growth in Europe : a two-handed approach

1985 • 71 citations

Monetary Policy Goals for Inflation in Australia

1995 • 68 citations

Monetary policy in interdependent economies

1992 • 61 citations

Evaluating Simple Monetary-policy Rules for Australia

1997 • 60 citations

The Ends of Three Small Inflations: Australia, New Zealand and Canada

1996 • 58 citations

Internationalisation and the Macroeconomy

1994 • 57 citations

The Persistence of Inflation and the Cost of Disinflation

1995 • 54 citations

Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan

1997 • 52 citations

Central bank preferences and macroeconomic equilibrium

1997 • 47 citations

The rational expectations hypothesis of the term structure, monetary policy, and time-varying term premia

1995 • 40 citations

Interest rates and the conduct of monetary policy

1991 • 40 citations

Policy Rules as a Means to a More Effective Monetary Policy

1997 • 39 citations

The Evolution of Monetary Policy: From Money Targets to Inflation Targets

1997 • 38 citations

Inflation, inflation uncertainty, and relative price variability: a survey

1993 • 34 citations

The role of central banks

1990 • 32 citations

Sources of Exchange Rate and Price Level Fluctuations in Two Commodity Exporting Countries: Australia and New Zealand*

1996 • 31 citations

Discount rates and sustainability

1997 • 31 citations

MONETARY POLICY AND THE EXCHANGE RATE

1991 • 29 citations

Towards an Understanding of Australia’s Co-movement with Foreign Business Cycles

1996 • 29 citations

Monetary Targeting: The International Experience*

1990 • 29 citations

The Term Structure of Interest Rates, Real Activity and Inflation

1992 • 26 citations

Should the fed smooth interest rates? the case of seasonal monetary policy

1991 • 25 citations

The role of the exchange rate in New Zealand monetary policy

1994 • 25 citations

The Operation of Monetary Policy

1990 • 24 citations

The response of the term structure of interest rates to federal funds rate target changes

1996 • 23 citations

The Implementation of Monetary Policy in Australia

1997 • 23 citations

Comparing the global performance of alternative exchange arrangements

1988 • 22 citations

Are Terms of Trade Rises Inflationary?

1996 • 22 citations

Monetary Policy in the 1980s

1984 • 21 citations

A Re-examination of the Determinants of Australia’s Imports

1993 • 18 citations

Monetary Policy and the Terms of Trade: A Case for Monetary Base Control in Australia?

1990 • 17 citations

Practical Issues in Monetary Policy Targeting

2020 • 17 citations

Nominal Interest Rate Pegging Under Alternative Expectations Hypotheses

1988 • 15 citations

Why do interest rates predict macro outcomes?: A unified theory of inflation, output, interest and policy

1997 • 15 citations

The Lags of Monetary Policy

1997 • 14 citations

Targeting Nominal Income in a Dynamic Model

1990 • 14 citations

On Some Recent Developments in Monetary Economics*

1986 • 13 citations

Optimal monetary policy in an open economy

1987 • 13 citations

Is Monetary Policy Too Tight?

1989 • 12 citations

Inflation Regimes and Inflation Expectations

1997 • 11 citations

The role of money during the recession in Australia in 1990—92

1994 • 11 citations

A Model of Target Changes and the Term Structure of Interest Rates

1993 • 10 citations

Monetary Policy Instruments: A Theoretical Analysis

1989 • 9 citations

Recent Developments in Monetary Policy: Australia and Abroad

1996 • 9 citations

The Debate on Alternatives for Monetary Policy in Australia

1997 • 9 citations

Operating Objectives for Monetary Policy

1990 • 8 citations

TWO PERSPECTIVES ON MONETARY POLICY

1992 • 8 citations

External influences on output: an industry analysis

1996 • 8 citations

Monetary Policy in Australia: The Conflict between Short‐Term and Medium‐Term Objectives

1991 • 8 citations

TIME‐CONSISTENT POLICY: A SURVEY OF THE ISSUES*

1989 • 7 citations

Australian Macroeconomic Policy Experience*

1989 • 7 citations

Does consumer sentiment affect household spending? If so why?

1991 • 7 citations

THE EVOLUTION OF MONETARY POLICY SINCE FINANCIAL DEREGULATION

1990 • 7 citations

THE AUSTRALIAN ECONOMY ENTERING THE 1990s

1990 • 6 citations

Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: A Critical Review

1985 • 6 citations

Monetary Policy and the Fisher Effect

1997 • 6 citations

CHALLENGING THE INTELLECTUAL CLIMATE OF THE TIMES: WHY THE RESERVE BANK OF AUSTRALIA IS TOO INDEPENDENT

1993 • 5 citations

LAGS AND MONETARY POLICY

1988 • 5 citations

The Money Game

1997 • 4 citations

The Role of Monetary Policy in Australia: A Minimalist Approach

1996 • 4 citations

The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy

1997 • 3 citations

COMMENTS ON PROFESSOR SCHEDVIN

1992 • 2 citations