Is the Fed Too Timid? Monetary Policy in an Uncertain World

American economic review

1992 • 16,670 citations

Discretion versus policy rules in practice

1993 • 9,049 citations

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

2000 • 4,799 citations

Tests for Parameter Instability and Structural Change With Unknown Change Point

1993 • 4,272 citations

Survey of current business

1921 • 2,225 citations

Uncertainty and the effectiveness of policy

1967 • 1,049 citations

Central Banking in Theory and Practice

1998 • 1,008 citations

Policy rules for inflation targeting

1998 • 903 citations

Analysis and control of dynamic economic systems

1975 • 848 citations

Optimal monetary policy inertia

1999 • 755 citations

Do Measures of Monetary Policy in a Var Make Sense?

1998 • 654 citations

The (Un)Importance of Forward-Looking Behavior in Price Specifications

1997 • 551 citations

Taylor's rule and the Fed, 1970-1997

1998 • 453 citations

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

1998 • 446 citations

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

1995 • 374 citations

Robustness of Simple Monetary Policy Rules under Model Uncertainty

1998 • 364 citations

Forecasting Output with the Composite Leading Index: A Real-Time Analysis

1991 • 333 citations

Inflation Targeting: Some Extensions

1999 • 298 citations

A Note on the "Accelerationist" Controversy

1971 • 284 citations

Monetary policy evaluation with noisy information

2003 • 257 citations

The Taylor Rule: A Useful Monetary Policy Benchmark for the Euro Area?

1999 • 217 citations

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

2002 • 209 citations

News or Noise? An Analysis of GNP Revisions

1986 • 195 citations

The Uncertain Unit Root in Real GNP

2020 • 183 citations

How Useful Are Taylor Rules for Monetary Policy

1999 • 182 citations

Does the fed act gradually? A VAR analysis

2000 • 163 citations

Trends and Random Walks in Macroeconomic Time Series: A Re-Examination

1992 • 160 citations

Output gap uncertainty: Does it matter for the Taylor rule?

2002 • 131 citations

Monetary policy under uncertainty

1999 • 128 citations

Opportunistic and Deliberate Disinflation under Imperfect Credibility

2000 • 122 citations

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

1998 • 115 citations

Asymmetry in the U.S. Output-Inflation Nexus

1996 • 104 citations

Opportunistic and Deliberate Disinflation under Imperfect Credibility

1998 • 96 citations

Stabilization Policy and Lags

1973 • 66 citations

The Lucas critique revisited assessing the stability of empirical Euler equations for investment

1996 • 61 citations

Monetary Policy and Uncertainty about the Natural Unemployment Rate

2003 • 45 citations

Learning about a shift in trend output: implications for monetary policy and inflation

2000 • 41 citations

On Signal Extraction and Non-Certainty-Equivalence in Optimal Monetary Policy Rules

2000 • 38 citations

Untitled

1997 • 31 citations

Capacity Constraints, Inflation and the Transmission Mechanism: Forward-Looking Versus Myopic Policy Rules

1995 • 30 citations

Should central banks be more aggressive

1999 • 25 citations

Modeling and Identifying Central Banks' Preferences

1999 • 21 citations

Modelling and Identifying Central Banks' Preferences

1999 • 20 citations

The Implications of Uncertainty for Monetary Policy

1999 • 19 citations

Capacity utilization as a real-time predictor of manufacturing output

1996 • 15 citations

The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?

2000 • 2 citations