Pitfalls of Forward-Looking Monetary Policy

By Michael Woodford. 2000

179 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/f25455cb6221791e4a6b14669bcf7a94a776202b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Frederic S. Mishkin
2. Michael Woodford
3. C. Walsh
4. Michael T. Kiley
5. Frank Smets
6. Gauti B. Eggertsson
7. Xavier Gabaix
8. Pierpaolo Benigno

Citations in the corpus

• No-Arbitrage Taylor Rules (2007, unknown): “This indicates that the endogenous fluctuations in inflation and output are important in estimating the Taylor rule (also see comments by Woodford, 2000).”
• THE INFLATION TARGETING DEBATE (2005, background): “Another problem with an inflation target is that it is not “history-dependent” because it is purely forward-looking (Woodford, 2000, 2003).”
• Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets: An Overinvestment View (2008, unknown): “A neo-Keynesian model generation (Woodford, 2001) suggests that monetary policy decisions can be made without particular reference to money.”
• The Taylor Rule and Optimal Monetary Policy (2001, methodology): “The dependence of the funds-rate target upon the recent behavior of inflation and of the output gap is prescribed in order to damp fluctuations in those variables, and Woodford (2000) shows that in the simple model described above it has this effect.”