Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the U.S. Business Cycle
By Stephanie Schmitt-Grohé, Martin Uribe. 2004
161 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/9597bd6fb9f7790b8f24a0a64ec182345069ff8f
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In Economics and Econometrics
- Ignazio Angeloni
- Ester Faia
- Tommaso Monacelli
- Caterina Mendicino
- Luisa Lambertini
- Michael Woodford
- M. T. Punzi
- C. Walsh
Citations in the corpus
- Optimal interest rate rules, asset prices, and credit frictions (2005, methodology): “However, since this will be invariant to the alternative speci cations of the monetary policy rule (31), we will measure conditional welfare simply by including householdsutility: W0;t E0 ( 1 X”
- Capital regulation and monetary policy with fragile banks (2013, methodology): “(24)See for instance Kim and Kim [42], Schmitt-Grohe and Uribe [54], [55], [56], Faia and Monacelli [33], Faia [30], Faia [31].”
- Ramsey Monetary Policy With Labour Market Frictions (2009, background): “This also implies that optimal 1See Schmitt-Grohe and Uribe (2004) and Faia (2005) among others. inflation volatility is U-shaped with respect to workers’ bargaining power.”
- Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate (2006, unknown): “In a similar vein, Schmitt-Grohe and Uribe (2004) exclude from their analysis instrument rules that result in a nominal rate with an average that is less than twice its standard deviation.”
- Trend Inflation, Taylor Principle and Indeterminacy (2009, unknown): “Schmitt-Grohe and Uribe (2004b) also stresses that this is not the case up to second order.”
- Is there a trade-off between inflation and output stabilization? (2013, unknown): “In this dimension , we make contact with the optimal policy literature in medium-scale DSGE models (e.g. Levin, Onatski, Williams, and Williams (2005), Schmitt-Grohe and Uribe (2004) and Schmitt-Grohé and Uribe (2007)).”
- Optimal Monetary Stabilization Policy (2010, background): “This is an equivalent formulation of what it means for policy to be optimal from a timeless perspective.(54)”
- Leaning Against Boom-Bust Cycles in Credit and Housing Prices (2013, methodology): “As in Schmitt-Grohe and Uribe (2004), we study ex-ante optimal simple rules based on the second-order approximate solution of the model.”