Designing Inflation Targets

A Mathematical Theory of Saving

1928 • 5,698 citations

The Optimal Degree of Commitment to an Intermediate Monetary Target

1985 • 3,677 citations

Rules, discretion and reputation in a model of monetary policy

1983 • 3,635 citations

The role of macroeconomic factors in growth

1993 • 2,286 citations

"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule

1975 • 2,222 citations

Interpreting the macroeconomic time series facts

1992 • 1,879 citations

Inflation forecast targeting: Implementing and monitoring inflation targets

1997 • 1,700 citations

A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information

1986 • 1,314 citations

The Macroeconomics of Low Inflation

1996 • 1,201 citations

Optimal contracts for central bankers

1995 • 1,191 citations

A Tract on Monetary Reform

1923 • 1,043 citations

The Inflation Tax in a Real Business Cycle Model

1998 • 780 citations

Economic monetary aggregates an application of index number and aggregation theory

1980 • 635 citations

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

1989 • 623 citations

Nonlinear Effects of Inflation on Economic Growth

1996 • 573 citations

Designing institutions for monetary stability

1993 • 564 citations

Estimating and Interpreting Foreward Interest Rates: Sweden 1992-1994

1994 • 463 citations

THE WELFARE COST OF INFLATIONARY FINANCE

1956 • 394 citations

Modern central banking

1995 • 312 citations

Do Real Output and Real Wage Measures Capture Reality? The History of Lighting Suggests Not

1996 • 301 citations

Monetary mystique: Secrecy and central banking

1986 • 298 citations

What Determines the Sacrifice Ratio

1993 • 269 citations

Inflation, Volatility and Growth

1999 • 249 citations

Some Monetary Facts

1995 • 249 citations

The welfare cost of inflation in general equilibrium

1996 • 225 citations

Why Do People Dislike Inflation?

1996 • 171 citations

Money, inflation and growth

1990 • 171 citations

Efficient Rules for Monetary Policy

1997 • 166 citations

Does Inflation "Grease the Wheels of the Labor Market"?

1996 • 165 citations

Disinflation and the NAIRU

1997 • 157 citations

How Should Central Banks Reduce Inflation?-Conceptual Issues

1996 • 140 citations

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States

1997 • 136 citations

The Costs of Inflation

1978 • 134 citations

What Should Central Banks Do? What Should Be Their Macroeconomic Objectives and Operations?

1994 • 130 citations

Independence and Accountability

1997 • 127 citations

Is New Zealand's Reserve Bank Act of 1989 an Optimal Central Bank Contract?

1995 • 120 citations

Inflation Indicators and Inflation Policy

1995 • 106 citations

Inflation Targeting in Practice

2000 • 103 citations

Monetary Policy in the UK

1994 • 95 citations

The Welfare Costs of Moderate Inflations

1991 • 79 citations

Costs of Inflation

1989 • 77 citations

Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General

1996 • 71 citations

Inflation and Financial Sector Size

1996 • 68 citations

Monetary Policy Goals for Inflation in Australia

1995 • 68 citations

Inflation and growth

1994 • 43 citations

Secrecy of Monetary Policy and the Variability of Interest Rates

1987 • 43 citations

Monetary Policy Uncertainty and Central Bank Accountability

1996 • 42 citations

Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy

1996 • 33 citations

Central bank secrecy, ‘fed watching’, and the predictability of interest rates

1988 • 31 citations

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

1995 • 30 citations

Measurement Bias in Price Indices: An Application to the UK's RPI

1996 • 24 citations

On Inflation Targeting in the United Kingdom

1998 • 19 citations

Targeting inflation in the 1990s: recent challenges

1995 • 18 citations

The Costs and Benefits of Going from Low Inflation to Price Stability

1996 • 17 citations

The effect of changes in official UK rates on market interest rates since 1987

1993 • 13 citations

Monetary policy when interest rates are bounded at zero

1994 • 8 citations

Shoe-Leather Costs Reconsidered

1999 • 7 citations