Optimal monetary policy inertia

Manchester School

Volumn 67, Issue SUPPL. 1, 1999, Pages 1-35

  Woodford, Michael ^a  

^a PRINCETON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001777062     PISSN: 14636786     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9957.67.s1.1     Document Type: Article

References (15)

1. Aoki, K. (1998). 'On the Optimal Monetary Policy Response to Noisy Indicators', Unpublished, Princeton University, November.
2. Backus, D. and Driffill, J. (1986). 'The Consistency of Optimal Policy in Stochastic Rational Expectations Models', CEPR Discussion Paper 124, August.
3. Barro, R. J. and Gordon, D. B. (1983). 'A Positive Theory of Monetary Policy in a Natural Rate Model', Journal of Political Economy, Vol. 91, pp. 589-610.
4. Bernanke, B. S. and Woodford, M. (1997). 'Inflation Forecasts and Monetary Policy', Journal of Money, Credit, and Banking, Vol. 24, pp. 653-684.
5. Blanchard, O. J. and Kahn, C. (1980). 'The Solution of Linear Difference Equations under Rational Expectations', Econometrica, Vol. 48, pp. 1305-1311.
6. Blinder, A. S. (1998). Central Banking in Theory and Practice, Cambridge, MA, MIT Press.
7. Caplin, A. and Leahy, J. (1996). 'Monetary Policy as a Process of Search', American Economic Review, Vol. 86, pp. 689-702.
8. Christiano, L. J. and Gust, C. J. (1999). 'Discussion of Andrew Levin, Volker Wieland, and John C. Williams, "Are Simple Monetary Policy Rules Robust to Model Uncertainty?"', in J. B. Taylor (ed.), Monetary Policy Rules, Chicago, IL, University of Chicago Press, forthcoming.
9. Clarida, R., Gali, J. and Gertler, M. (1997a). 'The Science of Monetary Policy', Unpublished, Columbia University, September.
10. Clarida, R., Gali, J. and Gertler, M. (1997b). 'Monetary Policy Rules in Practice: Some International Evidence', NBER Working Paper 6254, November.
11. Clarida, R., Gali, J. and Gertler, M. (1998). 'Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory', NBER Working Paper 6442, March.
12. Williams, J. C. (1998). 'Simple Rules for Monetary Policy', Unpublished, Federal Reserve Board, December.
13. Woodford, M. (1990). 'The Optimum Quantity of Money', in B. M. Friedman and F. H. Hahn (eds), Handbook of Monetary Economics, Vol. II, Amsterdam, North-Holland.
14. Woodford, M. (1996). 'Control of the Public Debt: a Requirement for Price Stability?', NBER Working Paper 5684, July.
15. Woodford, M. (1998). 'Optimal Monetary Policy Inertia', Working Paper, Center for Financial Studies (Frankfurt), December.