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Conference Paper
Inflation, growth, and financial intermediation - commentary
Journal Article
Inflation, growth, and financial intermediation - commentary
Journal Article
Short-run effects on money when some prices are sticky
Journal Article
The equilibrium to exchange rates
An abstract for this article is not available
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.
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.
Conference Paper
Theoretical issues of liquidity effects.
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.