Inflation forecasts and monetary policy

Journal of Money, Credit and Banking

Volumn 29, Issue 4, 1997, Pages 649-684

  Bernanke, Ben S ^a   Woodford, Michael ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039712611     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2953656     Document Type: Review

References (40)

1. Bernanke, Ben, and Ilian Mihov. "What Does the Bundesbank Target?" European Economic Review, forthcoming.
2. Bernanke, Ben, and Frederic Mishkin. "Central Bank Behavior and the Strategy of Monetary Policy: Evidence from Six Industrialized Countries." In NBER Macroeconomics Annual, edited by Olivier Blanchard and Stanley Fischer. Cambridge Mass.: MIT Press, 1992.
3. _. "Inflation Targeting: A New Strategy for Monetary Policy?" Journal of Economic Perspectives, forthcoming.
4. Bernanke, Ben, and Michael Woodford. "Inflation Forecasts and Monetary Policy." National Bureau of Economic Research working paper, 1997.
5. Blanchard, Olivier, and Charles M. Kahn. "The Solution of Linear Difference Models under Rational Expectations." Econometrica 48 (1980), 1305-11.
6. Blinder, Alan S. "Central Banking in Theory and Practice - Lecture II: Credibility, Discretion and Independence." Marshall Lecture, University of Cambridge, May 5, 1995.
7. Bowen, Alexander. "British Experience with Inflation Targeting." In Inflation Targets, edited by Leonardo Leiderman and Lars E. O. Svensson. London: CEPR, 1995.
8. Calvo, Guillermo A. "Staggered Prices in a Utility-Maximizing Framework." Journal of Monetary Economics 12 (1983), 383-98.
9. Campbell, John, and Robert Shiller. "A Scorecard for Indexed Government Debt." In National Bureau of Economic Research Macroeconomics Annual, edited by Ben Bernanke and Julio Rotemberg. Cambridge Mass.: MIT Press, 1996.
10. Cochrane, John H. "Identifying the Output Effects of Monetary Policy." National Bureau of Economic Research working paper no. 5154, June 1995.
11. Debelle, Guy, and Stanley Fischer. "How Independent Should a Central Bank Be?" In Goals, Guidelines, and Constraints Facing Monetary Policymakers, edited by Jeffrey Fuhrer. Federal Reserve Bank of Boston, 1994.
12. Dowd, Kevin. "A Proposal to End Inflation." Economic Journal 104 (1994), 828-40.
13. Goodfriend, Marvin. "Interest Rate Policy and the Inflation Scare Problem: 1979-1992." Federal Reserve Bank of Richmond, Economic Quarterly 79 (Winter 1993), 1-24.
14. Goodhart, Charles A. E., and José Vinals. "Strategy and Tactics of Monetary Policy: Examples from Europe and the Antipodes." In Goals, Guidelines, and Constraints Facing Monetary Policymakers, edited by Jeffrey Fuhrer. Federal Reserve Bank of Boston, 1994.
15. Guesnerie, Roger, and Michael Woodford. "Endogenous Fluctuations." In Advances in Economic Theory - Sixth World Congress, edited by J.-J. Laffont. Cambridge: Cambridge University Press, 1992.
16. Haldane, Andrew G., ed. Targeting Inflation. London: Bank of England, 1995.
17. Hall, Robert E., and N. Gregory Mankiw. "Nominal Income Targeting." In Monetary Policy, edited by N. G. Mankiw. Chicago: University of Chicago Press for National Bureau of Economic Research, 1994.
18. Hetzel, Robert L. "Maintaining Price Stability: A Proposal." Federal Reserve Bank of Richmond, Economic Review (March/April 1990), 53-55.
19. _. "Indexed Bonds as an Aid to Monetary Policy." Federal Reserve Bank of Richmond, Economic Review (January/February 1992), 13-23.
20. Johnson, Manuel. "Current Perspectives on Monetary Policy." Cato Journal 8 (1988), 253-60.
21. Kerr, William, and Robert G. King. "Limits on Interest Rate Rules in the IS Model." Federal Reserve Bank of Richmond, Economic Quarterly (Spring 1996), 47-75.
22. King, Mervyn. "Monetary Policy in the U.K." Fiscal Studies 15 (1994), 109-28.
23. King, Robert G., and Mark W. Watson. "Money, Prices, Interest Rates, and the Business Cycle." Review of Economics and Statistics 78 (1996), 35-53.
24. Lamont, Owen. "Macroeconomic Forecasts and Microeconomic Forecasters." Paper, University of Chicago, May 1996.
25. Laster, David, Paul Bennett, and In Sun Geoum. "Rational Bias in Macroeconomic Forecasts." Research paper no. 9617, Federal Reserve Bank of New York, July 1996.
26. Leiderman, Leonardo, and Lars E. O. Svensson, eds. Inflation Targets. London: Centre for Economic Policy Research, 1995.
27. Mayes, David G., and Brendon Riches. "The Effectiveness of Monetary Policy in New Zealand." Reserve Bank Bulletin (New Zealand) 59 (1996), 5-20.
28. McCallum, Bennett T., and Edward Nelson. "An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis." National Bureau of Economic Research working paper no. 5875, January 1997.
29. Reynolds, Alan. "The Trouble with Monetarism." Policy Review 21 (Summer 1982), 19-42.
30. Roberts, John M. "New Keynesian Economics and the Phillips Curve." Journal of Money, Credit, and Banking 27 (November 1995, Part 1), 975-84.
31. Romer, Christina, and David Romer. "Federal Reserve Private Information and the Behavior of Interest Rates." National Bureau of Economic Research working paper no. 5692, July 1996.
32. Rotemberg, Julio, and Michael Woodford. "An Optimization-based Econometric Framework for the Evaluation of Monetary Policy." National Bureau of Economic Research Macroeconomics Annual, edited by Ben Bernanke and Julio Rotemberg, forthcoming.
33. Sumner, Scott. "The Impact of Futures Price Targeting on the Precision and Credibility of Monetary Policy." Journal of Money, Credit, and Banking 27 (February 1995), 89-106.
34. Svensson, Lars E. O. "Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets." European Economic Review, 41 (1997), 1111-46.
35. _. "Inflation Targeting: Some Extensions." Unpublished, IIES, Stockholm, February 1997.
36. West, Kenneth D. "Comment on Hall and Mankiw." In Monetary Policy, edited by N. G. Mankiw. Chicago: Univ. of Chicago Press for NBER, 1994.
37. Woodford, Michael. "Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?" In Monetary Policy, edited by N. G. Mankiw. Chicago: Univ. of Chicago Press for NBER, 1994 (a).
38. _. "Determinacy of Equilibrium under Alternative Policy Regimes: Introduction." Economic Theory 4 (1994), 323-6 (b).
39. _. "Control of the Public Debt: A Requirement for Price Stability?" National Bureau of Economic Research working paper no. 5684, July 1996.
40. Yun, Tack. "Nominal Price Rigidity, Money Supply Endogeneity, and Business Cycles." Journal of Monetary Economics 37 (1996), 345-70.