메뉴 건너뛰기




Volumn 108, Issue 448, 1998, Pages 703-725

The output-inflation tradeoff and central bank reform: evidence from New Zealand

(2)  Hutchison, M M a   Walsh, C E a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ECONOMIC IMPACT; INSTITUTIONAL REFORM; NATIONAL ECONOMY;

EID: 0031755127     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0297.00310     Document Type: Article
Times cited : (46)

References (37)
  • 1
    • 0000665624 scopus 로고
    • Central bank independence and macroeconomic performance: Some comparative evidence
    • May
    • Alesina, A. and Summers, L. (1993). 'Central bank independence and macroeconomic performance: some comparative evidence.' Journal of Money, Credit and Banking, vol. 25 (May) pp. 157-62.
    • (1993) Journal of Money, Credit and Banking , vol.25 , pp. 157-162
    • Alesina, A.1    Summers, L.2
  • 2
    • 0010034055 scopus 로고
    • OECD country experiences with disinflation
    • A. Blundel-Wignall ed. Sydney: Reserve Bank of Australia
    • Andersen, P. S. (1992). 'OECD country experiences with disinflation.' In (A. Blundel-Wignall ed.) Inflation Disinflation and Monetary Policy, Sydney: Reserve Bank of Australia, pp. 104-73.
    • (1992) Inflation Disinflation and Monetary Policy , pp. 104-173
    • Andersen, P.S.1
  • 3
    • 38249029353 scopus 로고
    • Stabilisation policies, credibility, and interest rate determination in a small open economy
    • Andersen, T. M. and Risager, O. (1988). 'Stabilisation policies, credibility, and interest rate determination in a small open economy.' European Economic Review - Papers and Proceedings, vol. 32, pp. 669-79.
    • (1988) European Economic Review - Papers and Proceedings , vol.32 , pp. 669-679
    • Andersen, T.M.1    Risager, O.2
  • 4
    • 0002869004 scopus 로고
    • Central bank indpendence: An international comparison
    • Federal Reserve Bank of Dallas March
    • Banaian, D. Laney, L. and Willett, T. (1983). 'Central bank indpendence: an international comparison.' Economic Review, Federal Reserve Bank of Dallas (March), pp. 1-13.
    • (1983) Economic Review , pp. 1-13
    • Banaian, D.1    Laney, L.2    Willett, T.3
  • 5
    • 0002477082 scopus 로고
    • What determines the sacrifice ratio?
    • N. G. Mankiw ed. Chicago: University of Chicago Press
    • Ball, L. N. (1993). 'What determines the sacrifice ratio?' In (N. G. Mankiw ed.) Monetary Policy. Chicago: University of Chicago Press.
    • (1993) Monetary Policy
    • Ball, L.N.1
  • 6
    • 0002032312 scopus 로고
    • The new Keynesian economics and the output-inflation trade-off
    • Ball, L. N., Mankiw, G. and Romer, D. (1988). 'The new Keynesian economics and the output-inflation trade-off.' Brookings Papers on Economic Activity, vol. 1, pp. 1-65.
    • (1988) Brookings Papers on Economic Activity , vol.1 , pp. 1-65
    • Ball, L.N.1    Mankiw, G.2    Romer, D.3
  • 7
    • 0000459077 scopus 로고
    • The Lucas critique and the Volcker deflation
    • May
    • Blanchard, O. J. (1984). 'The Lucas critique and the Volcker deflation.' American Economic Review, vol. 74, no. 2 (May), pp. 211-5.
    • (1984) American Economic Review , vol.74 , Issue.2 , pp. 211-215
    • Blanchard, O.J.1
  • 8
    • 77957060687 scopus 로고
    • Why does money affect output: A survey
    • (B. M. Friedman and F. H. Hahn eds.) Amsterdam: North-Holland
    • Blanchard, O. J. (1990). 'Why does money affect output: a survey.' In (B. M. Friedman and F. H. Hahn eds.) Handbook of Monetary Economics, Amsterdam: North-Holland, pp. 779-835.
    • (1990) Handbook of Monetary Economics , pp. 779-835
    • Blanchard, O.J.1
  • 9
    • 0000674634 scopus 로고    scopus 로고
    • Why does inflation differ across countries?
    • C. D. Romer and D. H. Romer eds. Chicago: University of Chicago Press (in press)
    • Campillo, M. and Miron, J. (1996). 'Why does inflation differ across countries?' In (C. D. Romer and D. H. Romer eds.) Reducing Inflation; Motivation and Strategy, Chicago: University of Chicago Press (in press).
    • (1996) Reducing Inflation; Motivation and Strategy
    • Campillo, M.1    Miron, J.2
  • 10
    • 38249036089 scopus 로고
    • On interest rate determination, testing for policy credibility, and the relevance of the Lucas critique: Some Danish experiences
    • Christensen M. (1987a). 'On interest rate determination, testing for policy credibility, and the relevance of the Lucas critique: some Danish experiences.' European Journal of Political Economy, vol. 3, no. 3, pp. 369-88.
    • (1987) European Journal of Political Economy , vol.3 , Issue.3 , pp. 369-388
    • Christensen, M.1
  • 11
    • 84963196843 scopus 로고
    • Disinflation, credibility and price inertia: A Danish exposition
    • October
    • Christensen, M. (1987b). 'Disinflation, credibility and price inertia: a Danish exposition.' Applied Economics, vol. 19, (10), October, pp. 1353-66.
    • (1987) Applied Economics , vol.19 , Issue.10 , pp. 1353-1366
    • Christensen, M.1
  • 12
    • 0041191299 scopus 로고
    • Adapting to instability in money demand: Forecasting money growth with a time-varying parameter model
    • Federal Reserve Bank of San Francisco
    • Cogley, T. (1993). 'Adapting to instability in money demand: forecasting money growth with a time-varying parameter model.' Federal Reserve Bank of San Francisco Economic Review, no. 3, pp. 35-41.
    • (1993) Economic Review , Issue.3 , pp. 35-41
    • Cogley, T.1
  • 14
    • 0000769846 scopus 로고
    • The measurement of central bank independence and its effect on policy outcomes
    • September
    • Cukierman, A., Webb, B. and Neyapti, B. (1992). 'The measurement of central bank independence and its effect on policy outcomes.' World Bank Economic Review, vol. 6 (September) pp. 353-98.
    • (1992) World Bank Economic Review , vol.6 , pp. 353-398
    • Cukierman, A.1    Webb, B.2    Neyapti, B.3
  • 20
    • 0012913920 scopus 로고    scopus 로고
    • Central bank independence and sacrifice ratios
    • Fischer, A. M. (1996). 'Central bank independence and sacrifice ratios.' Open Econemy Review, vol. 7, pp. 5-18.
    • (1996) Open Econemy Review , vol.7 , pp. 5-18
    • Fischer, A.M.1
  • 21
    • 0001638962 scopus 로고
    • Central bank independence and the output-inflation tradeoff
    • May
    • Froven, R. T. and Waud, R. N. (1995). 'Central bank independence and the output-inflation tradeoff.' Journal of Economics and Business, vol. 47, no. 2 (May), pp. 137-49.
    • (1995) Journal of Economics and Business , vol.47 , Issue.2 , pp. 137-149
    • Froven, R.T.1    Waud, R.N.2
  • 22
    • 0039980139 scopus 로고
    • A century of evidence of wage and price stickiness in the United States, United Kingdom and Japan
    • J. Tobin Washington, DC: Brookings Institution
    • Gordon, Robert J. (1983). 'A century of evidence of wage and price stickiness in the United States, United Kingdom and Japan,' in (J. Tobin) Prices and Quantities. Washington, DC: Brookings Institution, pp. 85-133.
    • (1983) Prices and Quantities , pp. 85-133
    • Gordon, R.J.1
  • 23
    • 0001190593 scopus 로고
    • The output cost of disinflation in traditional and vector autoregression models
    • Gordon, Robert J. and King, Stephen R. (1982). 'The output cost of disinflation in traditional and vector autoregression models,' Brookings Papers on Economic Activity, no. 1, pp. 205-44.
    • (1982) Brookings Papers on Economic Activity , Issue.1 , pp. 205-244
    • Gordon, R.J.1    King, S.R.2
  • 24
    • 0002689907 scopus 로고
    • On indexation and contract length
    • February
    • Gray, J. A. (1978). 'On indexation and contract length,' Journal of Political Economy, vol. 86, no. 1 (February) pp. 1-18.
    • (1978) Journal of Political Economy , vol.86 , Issue.1 , pp. 1-18
    • Gray, J.A.1
  • 25
    • 0001162767 scopus 로고
    • Political and monetary institutions and public financial institutions in industrial countries
    • Grilli, V., Masciandaro, D. and Tabellini, G. (1991). 'Political and monetary institutions and public financial institutions in industrial countries,' Economic Policy, vol. 13, pp. 341-92.
    • (1991) Economic Policy , vol.13 , pp. 341-392
    • Grilli, V.1    Masciandaro, D.2    Tabellini, G.3
  • 27
    • 0344132293 scopus 로고
    • Central bank credibility and disinflation in New Zealand
    • Federal Reserve Bank of San Francisco February 10
    • Hutchison, M. (1995a). 'Central bank credibility and disinflation in New Zealand,' Federal Reserve Bank of San Francisco Weekly Letter (February 10).
    • (1995) Weekly Letter
    • Hutchison, M.1
  • 28
    • 0344994943 scopus 로고
    • Sacrifice ratios and the 1989 Reserve Bank Act
    • Reserve Bank of New Zealand N95/2 (March)
    • Hutchison, M. (1995b). 'Sacrifice ratios and the 1989 Reserve Bank Act,' Reserve Bank of New Zealand Research Note N95/2 (March).
    • (1995) Research Note
    • Hutchison, M.1
  • 29
    • 0039920435 scopus 로고
    • The output-inflation trade-off in the United States: Has it changed in the late 1970s?
    • Federal Reserve Bank of San Francisco
    • Judd, J. and Beebe, J. (1993). 'The output-inflation trade-off in the United States: has it changed in the late 1970s?,' Federal Reserve Bank of San Francisco Economic Review, vol. 3, pp. 25-34.
    • (1993) Economic Review , vol.3 , pp. 25-34
    • Judd, J.1    Beebe, J.2
  • 31
    • 49649131398 scopus 로고
    • Expectations and the neutrality of money
    • Lucas, R. E. (1972). 'Expectations and the neutrality of money,' Journal of Economic Theory, vol. 4, pp. 102-24.
    • (1972) Journal of Economic Theory , vol.4 , pp. 102-124
    • Lucas, R.E.1
  • 32
    • 0000085909 scopus 로고
    • Some international evidence on output-inflation tradeoffs
    • Lucas, R. E. (1973). 'Some international evidence on output-inflation tradeoffs,' American Economic Review, vol. 63, pp. 326-34.
    • (1973) American Economic Review , vol.63 , pp. 326-334
    • Lucas, R.E.1
  • 33
    • 0006261762 scopus 로고
    • The costs and benefits of disinflation: A critique of the sacrifice ratio
    • Reserve Bank of New Zealand March
    • Mayes, D. and Chapple, B. (1995). 'The costs and benefits of disinflation: a critique of the sacrifice ratio,' Reserve Bank of New Zealand Bulletin, vol. 58 (March), pp. 9-21.
    • (1995) Bulletin , vol.58 , pp. 9-21
    • Mayes, D.1    Chapple, B.2
  • 34
    • 0001373058 scopus 로고
    • Declarations are not enough: Financial sector sources of central bank independence
    • NBER
    • Posen, A. (1995). 'Declarations are not enough: financial sector sources of central bank independence,' NBER Macroeconomics Annual vol. 10, pp. 253-74.
    • (1995) Macroeconomics Annual , vol.10 , pp. 253-274
    • Posen, A.1
  • 35
    • 84947586303 scopus 로고
    • The optimal degree of commitment to an intermediate monetary target
    • Rogoff, K. (1985). 'The optimal degree of commitment to an intermediate monetary target.' Quarterly Journal of Economics, 100, pp. 1169-90.
    • (1985) Quarterly Journal of Economics , vol.100 , pp. 1169-1190
    • Rogoff, K.1
  • 36
    • 0001875316 scopus 로고
    • Central bank independence and the costs of disinflation in the European Community
    • B. Eichengreen, J. Frieden, and J. von Hagen, eds.. Berlin and Heidelberg: Springer-Verlag
    • Walsh, C. (1995a). 'Central bank independence and the costs of disinflation in the European Community,' in (B. Eichengreen, J. Frieden, and J. von Hagen, eds.). Monetary and Fiscal Policy in an Integrated Europe. Berlin and Heidelberg: Springer-Verlag, pp. 12-37.
    • (1995) Monetary and Fiscal Policy in an Integrated Europe , pp. 12-37
    • Walsh, C.1
  • 37
    • 21844500639 scopus 로고
    • Is New Zealand's Reserve Bank Act of 1989 an optimal central bank contract?
    • November
    • Walsh, C. (1995b). 'Is New Zealand's Reserve Bank Act of 1989 an optimal central bank contract?,' Journal of Money, Credit and Banking, vol. 27, no. 5 (November), part 1, pp. 1179-91.
    • (1995) Journal of Money, Credit and Banking , vol.27 , Issue.5 PART 1 , pp. 1179-1191
    • Walsh, C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.