The liquidity effect and long-run neutrality

The American Economic Review

2012 • 14,436 citations

Tests for Parameter Instability and Structural Change With Unknown Change Point

1993 • 4,272 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

Monetary Policy Shocks: What Have We Learned and to What End?

1998 • 1,908 citations

Interpreting the macroeconomic time series facts

1992 • 1,879 citations

Measuring Monetary Policy

1998 • 1,691 citations

Systematic Monetary Policy and the Effects of Oil Price Shocks

1997 • 1,543 citations

Are Forecasting Models Usable for Policy Analysis?

1986 • 1,181 citations

The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds

1996 • 1,174 citations

What Does Monetary Policy Do?

1996 • 1,136 citations

Tests of the Hypothesis That a Linear Regression System Obeys Two Separate Regimes

1960 • 1,112 citations

Do Measures of Monetary Policy in a Var Make Sense?

1998 • 654 citations

Evidence on Structural Instability in Macroeconomic Time Series Relations

1996 • 575 citations

When Do Long-Run Identifying Restrictions Give Reliable Results?

1997 • 521 citations

‘Interpreting the macroeconomic time series facts: The effects of monetary policy’

1992 • 500 citations

The identification of monetary policy disturbances explaining the liquidity puzzle

1995 • 480 citations

The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification

1994 • 465 citations

Monetary and Fiscal Actions: A Test of Their Relative Importance in Economic Stabilization

1968 • 424 citations

Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz

1989 • 413 citations

A Traditional Interpretation of Macroeconomic Fluctuations

1989 • 393 citations

LONG-RUN NEUTRALITY AND SUPERNEUTRALITY IN AN ARIMA FRAMEWORK

1993 • 326 citations

A Note on the "Accelerationist" Controversy

1971 • 284 citations

Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered

1980 • 284 citations

Tests of the Hypothesis that a Linear Regression System Obeys Two Separate Regimes

1960 • 258 citations

In search of the liquidity effect

1992 • 244 citations

The Money Supply Announcements Puzzle: Review and Interpretation

1983 • 219 citations

Evidence on Structural Instability in Macroeconomic Time Series Relations

1996 • 179 citations

The Superneutrality of Money in the United States: An Interpretation of the Evidence

1986 • 165 citations

Political economy, growth, and business cycles

1992 • 159 citations

Systematic Monetary Policy and the Effects of Oil Price Shocks

1997 • 149 citations

On low-frequency estimates of long-run relationships in macroeconomics

1984 • 142 citations

When Do Long-Run Identifying Restrictions Give Reliable Results?

1997 • 135 citations

Identification and the Effects of Monetary Policy Shocks

1996 • 133 citations

Discount window borrowing, monetary policy, and the post-October 6, 1979 federal reserve operating procedure

1983 • 110 citations

Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered

1980 • 110 citations

Monetary Policy and Short‐term Interest Rates: An Efficient Markets‐Rational Expectations Approach

1982 • 106 citations

Resolving the Liquidity Effect

1995 • 103 citations

THE IMPACT OF MONEY ON SHORT‐TERM INTEREST RATES

1987 • 101 citations

Monetary Policy Matters

2010 • 95 citations

The Channels of Monetary Effects on Interest Rates.

1973 • 86 citations

The Return of the Liquidity Effect: A Study of the Short-Run Relation Between Money Growth and Interest Rates

1989 • 83 citations

The liquidity effect: Identifying short-run interest rate dynamics using long-run restrictions

1995 • 79 citations

Resolving the Liquidity Effect

1995 • 70 citations

THE VANISHING LIQUIDITY EFFECT OF MONEY ON INTEREST: ANALYSIS AND IMPLICATIONS FOR POLICY

1983 • 64 citations

The Lag in Monetary Policy as Implied by the Time Pattern of Monetary Effects on Interest Rates

1969 • 62 citations

Monetary Policy and Short-Term Interest Rates: An Efficient Markets- Rational Expectations Approach

1982 • 55 citations

Recent Developments in Discount Window Policy

1994 • 51 citations

The Return of the Liquidity Effect: A Study of the Short-Run Relation between Money Growth and Interest Rates

1989 • 41 citations

The Lag in the Effect of Monetary Policy on Income and Interest Rates

1970 • 40 citations

Money, Output, and Prices: Evidence from a New Monetary Aggregate

1995 • 38 citations

Tests of long-run neutrality using permanent monetary and real shocks

1995 • 34 citations

Policy Robustness: Specification and Simulation of a Monthly Money Market Model

1982 • 31 citations

The Model Structure of Discount Window Borrowing

1991 • 24 citations

On the Identification of Structural Vector Autoregressions

1997 • 21 citations

A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models

1983 • 18 citations

A Rational Expectations Approach to Macroeconomics. Testing Policy Ineffectiveness and Efficient-Markets Models.

1984 • 9 citations

Resolving the liquidity effect: commentary

1995 • 8 citations

Econometric Policy Evaluation

2018 • 8 citations