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

Discretion versus policy rules in practice

1993 • 9,049 citations

Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

2000 • 4,799 citations

Monetary policy rules in practice

1998 • 2,333 citations

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

1997 • 1,801 citations

Monetary Policy Rules

1999 • 1,724 citations

Inflation forecast targeting: Implementing and monitoring inflation targets

1997 • 1,700 citations

Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?

2000 • 794 citations

A Historical Analysis of Monetary Policy Rules

1999 • 769 citations

The New Neoclassical Synthesis and the Role of Monetary Policy

1997 • 683 citations

Policy Rules for Open Economies

1998 • 671 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 542 citations

Forward-Looking Rules for Monetary Policy

1999 • 515 citations

How the Bundesbank Conducts Monetary Policy

1996 • 476 citations

Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model

1998 • 446 citations

Robustness of Simple Monetary Policy Rules under Model Uncertainty

1998 • 364 citations

Immediate challenges for the European Central Bank

1998 • 328 citations

Efficient Rules for Monetary Policy

1999 • 325 citations

What Should the Monetary Authority Do When Prices Are Sticky

1999 • 314 citations

Macroeconomic Policy in a World Economy: From Econometric Design to Practical Operation

1994 • 306 citations

Macroeconomics annual 1991

1993 • 296 citations

Political Economics and Macroeconomic Policy

1998 • 253 citations

In‡ation Forecast Targeting: Implementing and Monitoring In‡ation Targets

1996 • 250 citations

The evolution of macro models at the Federal Reserve Board

1997 • 213 citations

Monetary Policy when Interest Rates Are Bounded at Zero

1997 • 208 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

Staggered Price and Wage Setting in Macroeconomics

1998 • 171 citations

Efficient Rules for Monetary Policy

1997 • 166 citations

Monetary Policy Rules Based on Real-Time Data

1998 • 161 citations

Migration and the Option Value of Waiting

1995 • 143 citations

Open-Economy Inflation Targeting

1998 • 118 citations

Macroeconomic policy in a world economy

1996 • 93 citations

Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?

1998 • 86 citations

The Evolution of Macro Models at the Federal Reserve Board

1997 • 50 citations

Monetary policy implications of greater fiscal discipline

1995 • 42 citations

Policy Rules as a Means to a More Effective Monetary Policy

1997 • 39 citations

Monetary policy targets and the stabilization objective: a source of tension in the EMS

1996 • 28 citations

Has the Fed Gotten Tougher on Inflation?

2020 • 27 citations

Unions and Wage Insurance

1995 • 25 citations

Swedish Lessons for Post-Socialist Countries

1998 • 24 citations

The Swedish Experience of an Inflation Target

1995 • 15 citations

The West European Employment Problem

1996 • 10 citations

Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs

1997 • 10 citations

Incentives in the Welfare State: Lessons for Would-be Welfare States

1998 • 8 citations

Inflation targeting in New Zealand: experience and practice

1998 • 8 citations

Full Employment and the Welfare State

1996 • 5 citations

Monetary Politics and Unemployment Persistence

1995 • 4 citations

Monetary Policy, Nominal Interest Rates, and Long-Horizon Inflation Uncertainty

1998 • 4 citations

Monetary policy: goals and strategy

1996 • 2 citations

Deleted Work

1955 • 0 citations