Monetary Theory and Policy, 2nd Edition

By C. Walsh. 2003

477 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/027555f956c4f0823045ebd003173204497661cf

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Citations in the corpus

Labor Market Search and Monetary Shocks (2002, background): “Nominal money growth rate fluctuations have very small real effects in a basic CIA model with a neoclassical specification of the labour market and flexible prices (for example, see Walsh 2003, chapter 3).”
Monetary Policy Inertia: Fact or Fiction? (2006, unknown): “21 Much of the appeal of the new Keynesian model lies in its foundations in a dynamic general equilibrium model with nominal price rigidities; see Woodford (2003) and Walsh (2003).”
Exchange Rate Pass-Through and Inflation: A Nonlinear Time Series Analysis (2013, methodology): “As in Walsh (2003), we can rewrite the intertemporal profit maximization condition using the expected squared deviation of the actual price from the desired price in each period.”
Central Bank Transparency and Independence: Updates and New Measures (2013, background): “Walsh (2003) emphasizes the importance of distinguishing two aspects of independence: insulation from politics when it comes to defining the objectives of monetary policy; and the independence to freely implement policy once those goals have been defined.”
Assessing the Lucas Critique in Monetary Policy Models (2002, background): “For derivations and discussion, see Walsh (2003), Clarida, Galı́, and Gertler (1999), Svensson (1999a, 1999b), and Rudebusch (2002a).”
Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious? (2005, unknown): “For their use in a monetary policy context see Walsh (2003) for the actions through the effect of it on πt+l.”
The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices (2008, background): “Consequently, recent literature, including Rudebusch (2002) and Walsh (2003a), emphasizes the importance of empirical evidence on the forward- and backward-looking components in the NKPC.”
Maintaining Low Inflation: Money, Interest Rates, and Policy Stance (2007, unknown): “The stationary real money 17See e.g. Woodford (2006, p. 16), who refers to Friedman and Kuttner (1992) and Walsh (2003).”
A New Keynesian model with heterogeneous expectations (2009, background): “8 Because we assume the case of the cashless limit, we follow Walsh (2003) in abstracting from the precise mechanism through which the central bank controls interest rates and injects liquidity into the system.”
Tokenomics: Dynamic Adoption and Valuation (2020, unknown): “As in the cash-in-advance models (e.g., Galí 2015; Walsh 2003), the cost of conducting transactions comprises the forgone interests on the balance of the transaction medium.16 In the tokenless economy, this carry cost is rdt , the risk-adjusted return of any tradable assets.”