Shocks and Government Beliefs: The Rise and Fall of American Inflation

By Thomas J. Sargent, Noah Williams, Tao Zha. 2006

263 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/c5931dc49d0771803419dfafe652d13cf53f8c68

Citations in the corpus

• Regime switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics (2013, unknown): “Cogley and Sargent (2005), Primiceri (2006), and Sargent et al. (2006) propose interesting explanations for the evolution of Fed s beliefs about the structure of the economy.”
• The Conquest of U.S. Inflation: Learning and Robustness to Model Uncertainty (2005, unknown): “See King and W (1994) and Sargent (1999) for background on how the direction of fit matters for the properties of Phillips By adopting the model of government learning of Sargent and Williams (2003), Sargent et al. (2004) obtai better econometric explanations of the US inflation path than were obtai”
• Trend Inflation, Indexation, and Inflation Persistence in the New Keynesian Phillips Curve (2008, unknown): “We also check whether the estimates satisfy the conditions for existence of a steady state (the inequalities (39) and (40) in appendix A).”
• The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “In Sargent, Williams, and Zha (2006) the policymaker estimates a new classical version of (44), where the output gap is the dependent variable.”
• Growth, Slowdowns, and Recoveries (2019, unknown): “Orphanides (2002), Primiceri (2006), and Sargent, Williams, and Zha (2006) have focused on Central bankers’ misperceptions about the state and structure of the economy, 8See Barro and Sala-i-Martin (1992) for a model where public finance can affect the steady state growth rate.”
• Wanting robustness in macroeconomics (2010, unknown): “This provides Hansen and Sargent (2008a) with a way to capture instability of beliefs alluded to by Keynes in the passage quoted above.”
• Monetary Policy, Term Structure and Asset Return: Comparing REIT, Housing and Stock (2011, unknown): “One may consider to follow the footsteps of Sargent et al. (2006) , among others, to adopt a Bayesian learning framework to model the interactions among the policy maker, the real economy and the asset markets.”
• Optimal Inflation and the Identification of the Phillips Curve (2019, unknown): “Indeed, several authors have explicitly modeled a situationwhere policy makers set monetary policy based on a misspecified or unidentified Phillips curve (Haldane and Quah 1999; Primiceri 2006; Sargent, Williams, and Zha 2006).”
• Fluctuating Macro Policies and the Fiscal Theory [with Comments and Discussion] (2005, unknown): “16Detailed expositions appear in Yun (1996, 2004), Woodford (2003), and Schmitt-Grohe and Uribe (2004). 17The constant relative risk aversion preferences over real money balances rule out Obstfeld and Rogoff’s (1983) speculative hyperinflations.”
• Monetary/Fiscal Policy Mix and Agents’ Beliefs (2017, unknown): “Orphanides (2002), Primiceri (2006), and Sargent et al. (2006) explain the rise of inflation as the result of the evolution of the central bank’s beliefs about the state or structure of the economy.”