Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence

Discretion versus policy rules in practice

1993 • 9,049 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 5,015 citations

Uncertainty and the effectiveness of policy

1967 • 1,049 citations

Policy rules for inflation targeting

1998 • 903 citations

Optimal monetary policy inertia

1999 • 755 citations

Interest Rate Rules in an Estimated Sticky Price Model

1999 • 606 citations

Taylor's rule and the Fed, 1970-1997

1998 • 453 citations

Interest rates and the conduct of monetary policy

1991 • 448 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 417 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 374 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 365 citations

Robustness of Simple Monetary Policy Rules under Model Uncertainty

1998 • 364 citations

Efficient Rules for Monetary Policy

1999 • 325 citations

Monetary Policy Evaluation with Noisy Information

1999 • 210 citations

ROBUST MONETARY POLICY UNDER MODEL UNCERTAINTY IN A SMALL MODEL OF THE U.S. ECONOMY

2002 • 209 citations

Simple Rules for Monetary Policy

1999 • 190 citations

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

1998 • 182 citations

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

2004 • 180 citations

Inflation/Output Variance Trade-Offs and Optimal Monetary Policy

1997 • 174 citations

Does the fed act gradually? A VAR analysis

2000 • 163 citations

Monetary Policy Rules Based on Real-Time Data

1998 • 161 citations

Output Gap Uncertainty: Does it Matter for the Taylor Rule?

1998 • 160 citations

Monetary Policy Evaluation with Noisy Information

1998 • 134 citations

Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty

1998 • 115 citations

The Smoothing of Official Interest Rates

1997 • 105 citations

Monetary Policy and Uncertainty about the Natural Unemployment Rate

1998 • 104 citations

Monetary policy, parameter uncertainty and optimal learning

2000 • 91 citations

Uncertainty, Learning, and Gradual Monetary Policy

1998 • 85 citations

Monetary Policy and Inflation Targeting

1997 • 68 citations

Uncertainty, Learning, and Gradual Monetary Policy

1998 • 56 citations

Central Bankers and Uncertainty

1998 • 55 citations

Is the Fed too timid? Monetary policy in an uncertain world

1999 • 39 citations

European monetary policy

1997 • 31 citations

Simplicity versus Optimality: The Choice of Monetary Policy Rules When Agents Must Learn

1999 • 7 citations

Comment on Chapter 8

1999 • 4 citations

Discussion of 'The Smoothing of Official Interest Rates'

1997 • 1 citations