Search Results
Journal Article
Short-run effects on money when some prices are sticky
Journal Article
New evidence connecting exchange rates to business cycles
Journal Article
Inflation, growth, and financial intermediation - commentary
Journal Article
The equilibrium to exchange rates
An abstract for this article is not available
Journal Article
A price objective for monetary policy
An argument that the Federal Reserve, by targeting a long-run path for the price level, could achieve its price-stability objective without inhibiting its short-term goals.
Journal Article
The case for zero inflation
An argument that a monetary policy aimed at eliminating long-run inflation would benefit society by removing price distortion, increasing economic growth, adding liquidity to the economy, and reducing uncertainty associated with price-level drift.
Working Paper
Sources of business cycles in Korea and the United States
The authors estimate common and nation-specific components of technology shocks, real demand shocks, and combined (common and nation-specific) monetary shocks using quarterly data for Korea and the United States.