Search Results
Working Paper
NAIRU uncertainty and nonlinear policy rules
Meyer (1999) has suggested that episodes of heightened uncertainty about the NAIRU may warrant a nonlinear policy response to changes in the unemployment rate. This paper offers a theoretical justification for such a nonlinear policy rule, and provides some empirical evidence on the relative performance of linear and nonlinear rules when there is heightened uncertainty about the NAIRU.
Conference Paper
Structural change and monetary policy
Journal Article
Practical problems and obstacles to inflation targeting
Journal Article
Statement to Congress, April 4, 2001 (merchant banking )
Journal Article
Statement to Congress, June 16, 1999 (loan loss reserves)