The Science of Monetary Policy: A New Keynesian Perspective

The Science of Monetary Policy: A New Keynesian Perspective (1999)

Cached

Download Links

by Richard Clarida , Jordi Galí , Mark Gertler

Venue:	Journal of Economic Literature
Citations:	581 - 17 self

BibTeX

@ARTICLE{Clarida99thescience,
    author = {Richard Clarida and Jordi Galí and Mark Gertler},
    title = {The Science of Monetary Policy: A New Keynesian Perspective},
    journal = {Journal of Economic Literature},
    year = {1999}
}

Years of Citing Articles

Bookmark

OpenURL

Abstract

“Having looked at monetary policy from both sides now, I can testify that central banking in practice is as much art as science. Nonetheless, while practicing this dark art, I have always found the science quEite useful.” 2 Alan S. Blinder

Citations

535	Rules rather than discretion: The inconsistency of optimal plans - Kydland, Prescott - 1977
348	An Optimization-based Econometric Framework for the Evaluation of Monetary Policy - Rotemberg, Woodford - 1997
339	A Positive Theory of Monetary Policy in a Natural Rate Model - Barro, Gordon - 1983
339	Inside the Black Box: The Credit Channel of Monetary Policy Transmission,‖ Journal of Economic Perspectives - Bernanke, Gertler - 1995
292	Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets - Svensson - 1997
276	The Federal Funds Rate and the Channels of Monetary Transmission - Bernanke, Blinder - 1992
254	The Optimal Degree of Commitment to an Intermediate Monetary Target,”The Quarterly - Rogoff - 1985
241	Staggered prices in a utility maximizing framework - Calvo - 1983
159	Does Monetary Policy Matter? A New Test - Romer, Romer - 1989
133	Inflation Targeting: A New Framework for Monetary Policy - Bernanke, Mishkin - 1997
132	The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds - Christiano, Eichenbaum, et al. - 1996
131	Uncertainty and the effectiveness of policy - Brainard - 1967
120	The time-varying nairu and its implications for economic policy - Gordon - 1997
120	Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model,” Quarterly - Poole - 1970
113	Inflation Forecasts and Monetary Policy - Bernanke, Woodford - 1997
98	Monetary policy evaluation with noisy information - Orphanides - 1998
95	Federal Reserve Interest Rate Targeting, Rational Expectations, and the Term Structure - Rudebusch - 1995
89	An optimizing IS-LM specification for monetary policy and business cycle analysis - McCallum, Nelson - 1999
80	How the Bundesbank Conducts Monetary Policy”, National Bureau of Economic Research, Working Paper 5581 - Clarida, Gertler - 1996
74	Estimation and Control of a Macroeconomic Model with Rational Expectations - Taylor - 1979
70	The Costs and Benefits of Going from Low Inflation to Price Stability - Feldstein - 1997
57	How Well Does the IS-LM Model Fit Postwar U.S - Gali - 1992
56	Robust monetary policy under model uncertainty in a small model of the US economy - Onatski, Stock - 2002
50	Systematic monetary policy and the effects of oil-price shocks - Bernanke, Gertler, et al. - 1997
49	Some lessons from the yield curve - Campbell - 1995
44	Is there a role for monetary aggregates in the conduct of monetary policy - Estrella, Mishkin - 1997
42	Inflation targeting in a St. Louis model of the 21st century,” Federal Reserve Bank St - KING, WOLMAN - 1996
35	Expectation Traps and Discretion - Chari, Christiano, et al. - 1998
32	Monetary Policy and Uncertainty about the Natural Unemployment Rate.” Paper presented at the NBER conference on Formulation of Monetary Policy - Wieland - 1998
27	The Role of Countercyclical Monetary Policy - IRELAND - 1996
27	Robustness Properties of a Rule for Monetary - McCallum - 1988
26	Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged From Forecasting Regressions - Woodford - 1994
21	Into the Mussa Puzzle: Monetary Policy Regimes and the Real Exchange Rate in a Small Open Economy - Monacelli - 2004
21	Simple Rules for Monetary Policy - Williams - 1999
18	Interest Rates and the Conduct of Monetary - Goodfriend - 1991
15	Targets and Instruments of Monetary Policy”, Handbook of Monetary Economics - Friedman - 1990
13	Disin‡ation with imperfect credibility - Ball - 1995
13	The financial accelerator in a quantitative business cycle framework,”Handbook of Macroeconomics - Gilchrist - 1999
13	The Opportunistic Approach to Disinflation. Finance and Economic Discussion Series 96-24. Board of Governors of the Federal Reserve System - Orphanides, Wilcox - 1996
12	Policy rules for inflation targeting,” in Monetary Policy Rules ed. by - Rudebusch, Svensson - 1999
12	Public Resistance to Indexation: A - Shiller - 1997
11	Credibility and Transparency: Monetary Policy with Unobservable Goals,” Working Paper - Faust, Svensson - 1998
10	Measuring Money Growth When Financial Markets Are Changing - Feldstein, Stock
9	Designing Inflation Targets - Haldane - 1997
8	America’s Peacetime Inflation: The 1970s.” In Reducing Inflation: Motivation and Strategy, edited by Christina Romer and - Delong - 1997
8	A Simple Model for the Determination of the Price - Sims
6	Monetary Policy TradeOffs and the Correlation between Nominal Interest Rates and - 1995b
5	What Central Bankers Learn from Academics— and Vice Versa - Blinder - 1997
5	Equilibria under ‘Active’ and ‘Passive - Leeper - 1991
5	Uncertainty and Gradual Monetary Policy’, Federal Reserve Board, mimeo - Sack