Search Results
Journal Article
New evidence connecting exchange rates to business cycles
Conference Paper
Inflation, growth, and financial intermediation - commentary
Conference Paper
Theoretical issues of liquidity effects.
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
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.
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.
Journal Article
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.