How to Fight Deflation in a Liquidity Trap: Committing to Being Irresponsible

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

Staggered Prices in a Utility-Maximizing Framework

1996 • 4,849 citations

On the Determination of the Public Debt

1979 • 3,283 citations

Aggregate Dynamics and Staggered Contracts

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A Positive Theory of Monetary Policy in a Natural Rate Model

1983 • 2,070 citations

Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies

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Optimal fiscal and monetary policy in an economy without capital

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It's Baaack: Japan's Slump and the Return of the Liquidity Trap

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The Optimum Quantity of Money: and Other Essays

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A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy

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Fiscal Requirements for Price Stability

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Avoiding Liquidity Traps

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Panel Discussion: Price Stability: How Should Long-Term Monetary Policy Be Determined?

1991 • 237 citations

The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap

2001 • 215 citations

Monetary Policy when Interest Rates Are Bounded at Zero

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New challenges for monetary policy

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Japan's financial crisis and its parallels to U.S. experience

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Money, deficits, and inflation

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Liquidity Traps: How to Avoid Them and How to Escape Them

1999 • 121 citations

Monetary Policy When the Nominal Short-Term Interest Rate is Zero

2000 • 55 citations

DYNAMIC SEIGNIORAGE THEORY

1997 • 18 citations