Monetary policy when interest rates are bounded at zero

Review of Economics and Statistics

Volumn 79, Issue 4, 1997, Pages 573-585

  Fuhrer, Jeffrey C ^a   Madigan, Brian F ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031327619     PISSN: 00346535     EISSN: None     Source Type: Journal    
DOI: 10.1162/003465397557150     Document Type: Article

References (16)

1. Anderson, Gary, and George Moore, "A Linear Algebraic Procedure for Solving Linear Perfect Foresight Models," Economics Letters 17 (1985), 247-252.
2. Engle, Robert F., "Estimates of the Variance of U.S. Inflation Based upon the ARCH Model," Journal of Money, Credit, and Banking 15:3 (Aug. 1983), 286-301.
3. Fuhrer, Jeffrey C., "A Semi-Classical Model of Price Level Adjustment," Comment, Carnegie-Rochester Conference Series on Public Policy 41 (1994), 285-294.
4. _ "Inflation/Output Variance Trade-offs and Optimal Monetary Policy," Journal of Money, Credit, and Banking 29:2 (May 1997), 214-234.
5. Fuhrer, Jeffrey C., and Brian F. Madigan, "Monetary Policy when Interest Rates Are Bounded at Zero," Federal Reserve Bank of Boston Working Paper 94-1 (Mar. 1994).
6. Fuhrer, Jeffrey C., and George R. Moore, "Inflation Persistence," Quarterly Journal of Economics 110 (1995a), 127-159.
7. _ "Monetary Policy Trade-offs and the Correlation between Nominal Interest Rates and Real Output," American Economic Review 85 (1995b), 219-239.
8. Gordon, Robert J., "Understanding Inflation in the 1980s," Brookings Papers on Economic Activity 1 (1985), 263-299.
9. Lebow, David, "Monetary Policy at Near-Zero Interest Rates," manuscript, Board of Governors of the Federal Reserve System (Apr. 1993).
10. Logue, Dennis E., and Thomas D. Willett, "A Note on the Relation between the Rate and Variability of Inflation," Economica 43 (1976), 151-158.
11. Madigan, Brian, "User's Guide to Resolver: A Routine for Solving Nonlinear Forward-Looking Models," manuscript, Board of Governors of the Federal Reserve System (1996).
12. Roberts, John M., "Is Inflation Sticky?" Economic Activity Working Paper 152, Board of Governors of the Federal Reserve System (July 1994).
13. Summers, Lawrence J., "How Should Long-Term Monetary Policy Be Determined?" Journal of Money, Credit, and Banking 23:3 (Aug. 1991), 625-631.
14. Taylor, John B., "Aggregate Dynamics and Staggered Contracts," Journal of Political Economy 88 (1980). 1-17.
15. _ "Discretion versus Policy Rules in Practice," Carnegie-Rochester Conference Series on Public Policy 39 (1993), 195-214.
16. Whitesell, William, "Inflation-Fighting with Interest Rate Rules," in Richard D. Porter (ed.), Proc. Monetary Affairs Workshop on Asset Prices and the Conduct of Monetary Policy, Finance and Economics Discussion Series 125 (Washington, DC: Board of Governors of the Federal Reserve System, Apr. 1990), 1-30.