A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy

Discretion versus policy rules in practice

1993 • 9,049 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 5,015 citations

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

2000 • 4,799 citations

Martingales and arbitrage in multiperiod securities markets

1979 • 3,734 citations

Martingales and stochastic integrals in the theory of continuous trading

1981 • 2,903 citations

A YIELD‐FACTOR MODEL OF INTEREST RATES

1996 • 2,625 citations

Common Factors Affecting Bond Returns

1991 • 1,873 citations

Specification Analysis of Affine Term Structure Models

2000 • 1,864 citations

A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables

2003 • 1,742 citations

Term Premia and Interest Rate Forecasts in Affine Models

2002 • 1,656 citations

Habit Formation in Consumption and Its Implications for Monetary-Policy Models

2000 • 1,221 citations

Do Measures of Monetary Policy in a Var Make Sense?

1998 • 654 citations

Monetary theory and policy

2004 • 601 citations

Bond Yields and the Federal Reserve

2005 • 577 citations

Shifting endpoints in the term structure of interest rates

2001 • 455 citations

A Theory of the Nominal Term Structure of Interest Rates

1992 • 423 citations

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

2001 • 398 citations

Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty

2002 • 396 citations

Monetary policy trade-offs and the correlation between nominal interest rates and real output

1995 • 348 citations

The New Neoclassical Synthesis and the Role of Monetary Policy

1997 • 315 citations

Inflation Targeting: Some Extensions

1999 • 298 citations

SOLVING LINEAR RATIONAL EXPECTATIONS MODELS

2015 • 243 citations

Monetary Policy and Market Interest Rates

2001 • 210 citations

Monetary Policy Shifts and Long-Term Interest Rates

1996 • 192 citations

How Useful Are Taylor Rules for Monetary Policy

1999 • 182 citations

Estimating the Euler equation for output

2004 • 165 citations

Opportunistic and Deliberate Disinflation under Imperfect Credibility

2000 • 122 citations

A Joint Econometric Model of Macroeconomic and Term Structure Dynamics

2003 • 121 citations

Measuring the Natural Rate of Interest

2001 • 98 citations

Macro Factors and the Term Structure of Interest Rates

2003 • 59 citations

Monetary Policy Surprises and the Yield Curve

2000 • 58 citations

The Excess Sensitivity of Long-Term Interest Rates: Evidence and Implications for Macroeconomic Models

2003 • 55 citations

Term Structure Evidence on Interest Rate Smoothing and Monetary Policy Inertia

2001 • 55 citations

What Does the Yield Curve Tell us about GDP Growth?

2004 • 55 citations

Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules

2002 • 52 citations

The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach

2004 • 36 citations

The Recent Shift in Term Structure Behavior from a No-arbitrage Macro-finance Perspective

2004 • 26 citations

Can TIPS Help Identify Long-Term Inflation Expectations?

2002 • 24 citations

Using a Long-Term Interest Rate as the Monetary Policy Instrument

2004 • 23 citations

Inflation Scares and Forecast-Based Monetary Policy

2003 • 18 citations

Assessing the Lucas Critique in Monetary Policy Models

2002 • 17 citations

Macro Factors and the Affine Term Structure of Interest Rates

2001 • 13 citations

New Keynesian Optimal Policy Models: An Empirical Assessment

2004 • 10 citations

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2001 • 9 citations

Monetary Policy and the Yield Curve

2003 • 7 citations

Taylor Rules and the Predictability of Interest Rates

2003 • 6 citations