Search Results
Journal Article
New evidence connecting exchange rates to business cycles
Conference Paper
Theoretical issues of liquidity effects.
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 equilibrium to exchange rates
An abstract for this article is not available
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.
Journal Article
Inflation, growth, and financial intermediation - commentary
Working Paper
Tastes and technology in a two-country model of the business cycle: explaining international co-movements
The authors develop a two-country real business cycle model and examine its consistency with the behavior of relative prices, and the model's implications for economic aggregates at the sectoral level.