INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY

By Andrew C. Scott. Macroeconomic Dynamics, 2005

2,834 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/3c1547c26a8af774c59eebacd054b1932b42bbdc

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Citations in the corpus

Bias in Federal Reserve Inflation Forecasts: Is the Federal Reserve Irrational or Just Cautious? (2005, neutral): “…effect is assumed to be just a shift in the mean of inflation, and invariant to different choices of it.38 Equation (7) can be seen as the reduced form for inflation derived from a new-Keynesian model that includes a Phillips curve and an aggregate demand (e.g., Svensson (1997); Woodford (2003)).”
Optimal Monetary and Fiscal Policy in a Currency Union (2005, background): “While in the closed economy counterpart the effects of 3See, e.g., Woodford (2001).”
Monetary policy and welfare in a small open economy (2009, background): “…interesting extension of the present paper could assess whether the introduction of further policy instruments would implement the first best.29 Other interesting avenue for future research may include the introduction of different sectors.30 28See Woodford (2003) and Benigno and Woodford (2005).”
Monetary Policy and Stock Market Booms (2010, neutral): “The idea that credit growth should be assigned an independent role in monetary policy has been advocated in several papers.”
The Liquidity Premium of Near-Money Assets (2014, background): “Given the evolution of {Yt, ξt}, the policy rule for it followed by the central bank, together with the Euler equation (5), determines the current price level and expectations of future price levels (see Woodford (2003)).”
Optimal interest rate rules, asset prices, and credit frictions (2005, background): “Equilibrium in the nal good market requires that the production of the nal good be allocated to total private consumption by households and entrepreneurs, investment, public spending, and to resource costs that originate from the adjustment of prices: 9Galí and Gertler (1999), Woodford (2003).”
Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses (2007, background): “Eggertsson and Woodford (2003) refined the argument from the framework of New Keynesian economics, 15 and proposed that even if the economy tumbles into a liquidity trap, the commitment to expand the economy and tolerate inflation when the natural rate of interest turns positive at a certain point…”