Monetary policy and the term structure of nominal interest rates: Evidence and theory

Macroeconomics and Reality

1980 • 12,249 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

A YIELD‐FACTOR MODEL OF INTEREST RATES

1996 • 2,625 citations

Interpreting the macroeconomic time series facts

1992 • 1,879 citations

Common Factors Affecting Bond Returns

1991 • 1,873 citations

The Term Structure as a Predictor of Real Economic Activity

1991 • 1,655 citations

Monopolistic Competition and the Effects of Aggregate Demand

1987 • 1,550 citations

Systematic Monetary Policy and the Effects of Oil Price Shocks

1997 • 1,543 citations

Are Forecasting Models Usable for Policy Analysis?

1986 • 1,181 citations

The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds

1996 • 1,174 citations

Implications of Security Market Data for Models of Dynamic Economies

1991 • 1,158 citations

What Does Monetary Policy Do?

1996 • 1,136 citations

Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations

1990 • 954 citations

Female labor supply: A survey

1987 • 815 citations

Labor supply of men: A survey

1987 • 810 citations

The New Neoclassical Synthesis and the Role of Monetary Policy

1997 • 730 citations

Liquidity and interest rates

1990 • 689 citations

The New Neoclassical Synthesis and the Role of Monetary Policy

1997 • 683 citations

The effect of changes in the federal funds rate target on market interest rates in the 1970s

1989 • 623 citations

Liquidity, loanable funds, and real activity

1992 • 586 citations

Term Structure of Interest Rates

2008 • 569 citations

DOES MONETARY POLICY GENERATE RECESSIONS?

2006 • 566 citations

‘Interpreting the macroeconomic time series facts: The effects of monetary policy’

1992 • 500 citations

Sticky price and limited participation models of money: A comparison

1997 • 497 citations

The American Business Cycle: Continuity and Change.

1987 • 484 citations

The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification

1994 • 465 citations

Monetary Policy Shocks: What Have We Learned and to What End?

1997 • 433 citations

Inflation Forecasts and Monetary Policy

1997 • 421 citations

Are Business Cycles All Alike

1984 • 336 citations

The term structure spread and future changes in long and short rates in the G7 countries

1994 • 305 citations

Vector autoregressions and cointegration

1993 • 289 citations

Explorations Into Factors Explaining Money Market Returns

1994 • 283 citations

Alternative Explanations of the Money-Income Correlation

1986 • 266 citations

No Arbitrage and Arbitrage Pricing: A New Approach

1993 • 265 citations

Risk premiums in the term structure

1989 • 251 citations

The Term Structure as a Predictor of Real Economic Activity

1991 • 242 citations

Testing term structure estimation methods

1996 • 232 citations

A multicountry comparison of term-structure forecasts at long horizons

1991 • 217 citations

Liquidity Effects, Monetary Policy, and the Business Cycle

1995 • 217 citations

The Information in the Longer Maturity Term Structure About Future Inflation

1990 • 192 citations

Alternative Explanations of the Money-Income Correlation

1986 • 179 citations

The implications of first-order risk aversion for asset market risk premiums

1997 • 177 citations

Monetary Policy and the Term Structure of Interest Rates

1994 • 159 citations

Systematic Monetary Policy and the Effects of Oil Price Shocks

1997 • 149 citations

U.S. term structure data, 1947-1991

1993 • 149 citations

Identification and the Effects of Monetary Policy Shocks

1996 • 133 citations

The term structure of interest rates in real and monetary economies

1995 • 123 citations

Does Monetary Policy Generate Recessions

1998 • 117 citations

Durable Goods: An Explanation for Their Slow Adjustment

1993 • 97 citations

Explorations Into Factors Explaining Money Market Returns

1994 • 83 citations

"Peso Problem" Explanations for Term Structure Anomalies

1997 • 58 citations

No Arbitrage and Arbitrage Pricing: A New Approach

1993 • 48 citations

Error Bands for Impulse Responses

1994 • 47 citations

Financial factors in economic stabilization and growth

1996 • 43 citations

A Semi-Classical Model of Price Level Adjustment

1994 • 33 citations

A semi-classical model of price-level adjustment

1994 • 29 citations

Specification Analysis of Affine Term Structure Models

1997 • 16 citations

The effect of costly consumption adjustment on asset price volatility

1994 • 1 citations