Using a Long-Term Interest Rate as the Monetary Policy Instrument

INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY

2005 • 6,206 citations

Learning and Expectations in Macroeconomics

2001 • 2,183 citations

Monetary Theory and Policy

1999 • 1,903 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

The Zero Bound on Interest Rates and Optimal Monetary Policy

2003 • 972 citations

The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure

1979 • 866 citations

Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment

2004 • 583 citations

Conducting Monetary Policy at Very Low Short-Term Interest Rates

2004 • 559 citations

Three Lessons for Monetary Policy in a Low-Inflation Era

2000 • 482 citations

Inflation Forecasts and Monetary Policy

1997 • 421 citations

Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others

2003 • 382 citations

Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment

2004 • 374 citations

The Performance of Forecast-Based Monetary Policy Rules Under Model Uncertainty

2003 • 307 citations

Overcoming the Zero Bound on Interest Rate Policy

2000 • 269 citations

Panel Discussion: Price Stability: How Should Long-Term Monetary Policy Be Determined?

1991 • 237 citations

Monetary Policy When the Nominal Short-Term Interest Rate is Zero

2003 • 229 citations

Estimating the Euler Equation for Output

2002 • 191 citations

Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates

2000 • 184 citations

Chapter 23 Issues in the design of monetary policy rules

1999 • 174 citations

Three Lessons for Monetary Policy in a Low Inflation Era

1999 • 169 citations

Estimating the Euler equation for output

2004 • 165 citations

Optimal Monetary Policy in a Liquidity Trap

2003 • 154 citations

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

2003 • 134 citations

Role of the Minimal State Variable Criterion in Rational Expectations Models

1999 • 132 citations

Monetary Transmission at Low Inflation: Some Clues from Japan in the 1990s

2000 • 59 citations

An optimizing IS-LM framework with endogenous investment

2006 • 41 citations

Panel discussion: price stability; How should long-term monetary policy be determined?

1991 • 32 citations

The Recent Shift in Term Structure Behavior from a No-arbitrage Macro-finance Perspective

2004 • 26 citations

Should Monetary Policy Use Long-Term Rates?

2007 • 21 citations

Monetary Policy, Indeterminacy and Learning

2003 • 16 citations

The Recent Shift in Term Structure Behavior from a No-Arbitrage Macro-Finance Perspective ¤

2004 • 6 citations