Errors in the Measurement of the Output Gap and the Design of Monetary Policy

Discretion versus policy rules in practice

1993 • 9,049 citations

The NAIRU, Unemployment and Monetary Policy

1997 • 702 citations

Estimating Potential Output as a Latent Variable

1994 • 395 citations

A linear algebraic procedure for solving linear perfect foresight models

1985 • 376 citations

Monetary Policy Inertia: Fact or Fiction?

2006 • 221 citations

The evolution of macro models at the Federal Reserve Board

1997 • 213 citations

Simple Rules for Monetary Policy

1999 • 190 citations

Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective

1999 • 162 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

A Guide to FRB/US: A Macroeconomic Model of the United States

1996 • 158 citations

The Role of Expectations in the FRB/US Macroeconomic Model

1997 • 154 citations

Monetary Policy Evaluation with Noisy Information

1998 • 134 citations

Capacity Utilization

1997 • 124 citations

Lerner on the Economics of Control

1947 • 123 citations

Robustness of Simple Monetary Policy Rules under Model Uncertainty

1999 • 110 citations

Labor Force Structure, Potential Output, and Productivity

1971 • 49 citations

Interest-Rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence

1999 • 19 citations

The Reliability of Output Gap Estimates in Real Time

1999 • 18 citations

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

1999 • 7 citations

A Reliable and Computationally Efficient Algorithm for Imposing the Saddle Point Property in Dynamic Models

1998 • 5 citations