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
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.
Journal Article
Why a rule for stable prices may dominate a rule for zero inflation
An analysis of how a rule for monetary policy specifying a stable price level may dominate a rule for zero inflation with price-level drift, even in the case where, for purely economic reasons, an inflation rule is preferred.