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Journal Article
Projecting deficits
Bursan, Jean; Walsh, Carl E. (1986)
FRBSF Economic Letter

Journal Article
U.S. inflation targeting: pro and con
Walsh, Carl E.; Rudebusch, Glenn D. (1998)
FRBSF Economic Letter

Journal Article
Nobel views on inflation and unemployment
Walsh, Carl E. (1997)
FRBSF Economic Letter

Working Paper
Welfare-based optimal monetary policy with unemployment and sticky prices: a linear-quadratic framework
Ravenna, Federico; Walsh, Carl E. (2009)
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

Conference Paper
The effects of alternative operating procedures on economic and financial relationships
Walsh, Carl E. (1982)
Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Central bank independence and the costs of disinflation in the EC
Walsh, Carl E. (1994)
Working Papers in Applied Economic Theory , Paper 94-04

Conference Paper
Using monetary policy to stabilize economic activity
Walsh, Carl E. (2009)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Changes in the business cycle
Walsh, Carl E. (1999)
FRBSF Economic Letter

Journal Article
Three questions concerning nominal and real interest rates
Walsh, Carl E. (1987-10)
Economic Review , Issue Fall , Pages 5-19

Journal Article
Projecting budget surpluses
Walsh, Carl E. (1999)
FRBSF Economic Letter

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