What have we learned since October 1979?

Federal Reserve Bank of St. Louis Review

Volumn 87, Issue 2 II, 2005, Pages 287-291

  McCallum, Bennett T ^a,b  

^a CARNEGIE MELLON UNIVERSITY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33646407115     PISSN: 00149187     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Conference Paper

References (21)

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4. Fischer, Stanley. "Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule." Journal of Political Economy, February 1977, 85(1), pp. 191-205.
5. Goodfriend, Marvin. "The Monetary Policy Debate Since October 1979: Lessons for Theory and Practice." Federal Reserve Bank of St. Louis Review, March/April 2005, 87(2, Part 2), pp. 243-62.
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10. McCallum, Bennett T. "Rational Expectations and Macroeconomic Stabilization Policy: An Overview." Journal of Money, Credit, and Banking, November 1980, 22(4, Part 2), pp. 716-46.
11. McCallum, Bennett T. "Recent Developments in the Analysis of Monetary Policy Rules." Federal Reserve Bank of St. Louis Review, November/December 1999, 81(6), pp. 3-12.
12. McCallum, Bennett T. "Should Monetary Policy Respond Strongly to Output Gaps?" American Economic Review, May 2001, 91(2), pp. 258-62.
13. McCallum, Bennett T. and Nelson, Edward. "Targeting vs. Instrument Rules for Monetary Policy." NBER Working Paper 10612, National Bureau of Economic Research, June 2004.
14. Orphanides, Athanasios. "Monetary Policy Rules Based on Real-Time Data." American Economic Review, September 2001, 92(4), pp. 964-85.
15. Orphanides, Athanasios. "The Quest for Prosperity Without Inflation." Journal of Monetary Economics, April 2003, 50(3), pp. 633-63.
16. Sargent, Thomas J. "Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment." Brookings Papers on Economic Activity, 1973, 2, pp. 429-72.
17. Sargent, Thomas J. and Wallace, Neil. "Rational Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule." Journal of Political Economy, April 1975, 03(2), pp. 241-54.
18. Taylor, John B. "Estimation and Control of a Macroeconomic Model with Rational Expectations." Econometrica, September 1979, 47(5), pp. 1267-86.
19. Taylor, John B. "Discretion versus Policy Rules in Practice." Carnegie-Rochester Conference Series on Public Policy, November 1993, 39, pp. 195-214.
20. Woodford, Michael. "Optimal Monetary Policy Inertia." NBER Working Paper 7261, National Bureau of Economic Research, July 1999.
21. Woodford, Michael. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton: Princeton University Press, 2003.