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Journal Article
Tax reform
Walsh, Carl E. (1986)
FRBSF Economic Letter

Conference Paper
Financial deregulation and monetary policy in New Zealand
Walsh, Carl E. (1987)
Proceedings

Working Paper
Welfare-Based Optimal Monetary Policy with Unemployment and Sticky Prices: A Linear-Quadratic Framework
Walsh, Carl E.; Ravenna, Federico (2009-05-01)
In this paper, we derive a linear-quadratic model for monetary policy analysis that is consistent with sticky prices and search and matching frictions in the labor market. We show that the second-order approximation to the welfare of the representative agent depends on inflation and "gaps" that involve current and lagged unemployment. Our approximation makes explicit how the costs of fluctuations are generated by the presence of search frictions. These costs are distinct from the costs associated with relative price dispersion and fluctuations in consumption that appear in standard new ...
Working Paper Series , Paper 2009-15

Journal Article
Financial intermediation, monetary policy, and equilibrium business cycles
Walsh, Carl E.; Hartley, Peter R. (1988-10)
Economic Review , Issue Fall , Pages 19-28

Journal Article
Monetary targeting and inflation: 1976-1984
Walsh, Carl E. (1987-01)
Economic Review , Issue Win , Pages 5-16

Journal Article
The science (and art) of monetary policy
Walsh, Carl E. (2001)
FRBSF Economic Letter

Journal Article
Do deficits matter?
Walsh, Carl E. (1988)
FRBSF Economic Letter

Conference Paper
Implications of a changing economic structure for the strategy of monetary policy
Walsh, Carl E. (2003)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Selling government assets
Walsh, Carl E. (1986)
FRBSF Economic Letter

Journal Article
Output-inflation tradeoffs and central bank independence
Walsh, Carl E. (1995)
FRBSF Economic Letter

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