Should We Be Afraid of Friedman's Rule?

Discretion versus policy rules in practice

1993 • 9,049 citations

The Science of Monetary Policy: A New Keynesian Perspective

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The Debt-Deflation Theory of Great Depressions

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Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies

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Monetary Theory and Policy

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Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

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

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

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Monetary Policy Rules

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Inflation forecast targeting: Implementing and monitoring inflation targets

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On Money as a Medium of Exchange

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The Optimum Quantity of Money: and Other Essays

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The Macroeconomics of Low Inflation

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A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy

1994 • 984 citations

Policy rules for inflation targeting

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Inflation Persistence

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A search-theoretic approach to monetary economics

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The Conquest of American Inflation

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The Conquest of American Inflation

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The New Neoclassical Synthesis and the Role of Monetary Policy

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NBER Macroeconomics Annual 1997

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Search, Bargaining, Money, and Prices

1995 • 628 citations

The Return of Depression Economics

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Interest Rate Rules in an Estimated Sticky Price Model

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The robustness and efficiency of monetary policy rules as guidelines for interest rate setting by the European central bank

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Price-level determinacy without control of a monetary aggregate

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Optimal Fiscal and Monetary Policy

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Three Lessons for Monetary Policy in a Low-Inflation Era

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Inflation in the Theory of Public Finance

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INFLATION IN THE THEORY OF PUBLIC FINANCE

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The Great Depression in the United States From A Neoclassical Perspective

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Commentary: how should monetary policy be conducted in an era of price stability?

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Overcoming the Zero Bound on Interest Rate Policy

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Optimality of the Friedman rule in economies with distorting taxes

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

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

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Japanese Monetary Policy: A Case of Self-Induced Paralysis?

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Monetary Policy when Interest Rates Are Bounded at Zero

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Inflation zone targeting

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The Return of Depression Economics

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Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero

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Efficient Monetary Policy Design near Price Stability

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Restoring Japan's Economic Growth

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Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero

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Dollar and Yen: Resolving Economic Conflict Between the United States and Japan.

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Is the Friedman rule optimal when money is an intermediate good?

1996 • 142 citations

On Adjusting the HP-Filter for the Frequency of Observations

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Restoring Japan's Economic Growth

1998 • 128 citations

Three Lessons for Monetary Policy In a Low Inflation Era

1999 • 128 citations

Liquidity Traps: How to Avoid Them and How to Escape Them

1999 • 121 citations

Bank Lending in Japan: Its Determinants and Macroeconomic Implications

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Zero Nominal Interest Rates: Why They’re Good and How to Get Them

1998 • 67 citations

Staggered Price Setting and the Zero Bound on Nominal Interest Rates

1998 • 55 citations

Central bank strategies, credibility, and independence

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Optimal Monetary Policy

2000 • 52 citations

Staggered Price Setting and the Zero Bound on Nominal Interest Rates

1998 • 43 citations

A Frictionless View of U.S. Inflation

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

2000 • 37 citations

The Foreign Exchange Origins of Japan's Economic Slump and Low Interest Liquidity Trap

2000 • 25 citations

How Should Monetary Policy be Conducted in an Era of Price Stability

1999 • 19 citations

Search, Bargaining, Money and Prices: Recent Results and Policy Implications

1993 • 19 citations

"Three Lessons for Monetary Policy in a Low Inflation Era" by David Reifschneider and John Williams

1999 • 17 citations

Some models to guide monetary policymakers

1998 • 16 citations

Implementing price stability bands, boundaries and inflation targeting

1998 • 10 citations

Real Implications of the Zero Bound on Nominal Interest Rates

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The Role of National Central Banks and of Different Policy Cultures

2001 • 3 citations