Using monetary policy to stabilize economic activity

By C. Walsh. 2009

132 citations recorded by the source corpus.

How researchers see this paper

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

The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound? (2012, methodology): “Billi (2011) and Walsh (2009), for example, use a New Keynesian model log-linearized around zero steady-state inflation and therefore do not explicitly incorporate the positive relationship between the level and volatility of inflation, while Williams (2009) relies on a non-microfounded model.”
The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2011, unknown): “This value matches the median ratio of private (non-financial, non-government, non-mortgage) debt to GDP over the period 1986-2008.(39) This requires the values of sb and ss shown in the table, where sτ ≡ c̄/Ȳ is the steady-state expenditure share for each type τ (using bars to denote the steady-sta”