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Conference Paper
On the use of currency reforms in inflation stabilization
Leijonhufvud, Axel; Heymann, Daniel (1988)
Proceedings

Conference Paper
Effects of U.S. monetary stabilization programs on expected real interest rates and real exchange rates: an empirical analysis
Makin, John H. (1981)
Proceedings , Issue 5 , Pages 68-135

Journal Article
What's new about the new economy? : some lessons from the current expansion
Koenig, Evan F. (1998-07)
Southwest Economy , Issue Jul , Pages 7-11

Journal Article
Debt: the threat to economic and financial stability
Kaufman, Henry (1986-12)
Economic Review , Volume 71 , Issue Dec , Pages 3-11

Working Paper
A quantitative defense of stabilization policy
Cohen, Darrel (2000)
In an analysis of the value of growth and stabilization of consumption, Robert Lucas presents a stunning set of calculations implying that a permanent increase in the growth rate of consumption of only one-tenth percentage point per year is worth nearly 50 times as much to consumers as complete elimination of consumption variability. This is because the higher growth of consumption is worth a lot while the reduced variability is worth virtually nothing (at least in the post-war United States). Taken at face value, such a result supports the pursuit of feasible growth policies but calls into ...
Finance and Economics Discussion Series , Paper 2000-34

Journal Article
The dollar and prices: an empirical analysis
Whitt, Joseph A.; Rosensweig, Jeffrey A.; Koch, Paul D. (1986-10)
Economic Review , Issue Oct , Pages 4-18

Journal Article
Inflation, asset markets, and economic stabilization: lessons from Asia
Little, Jane Sneddon; Browne, Lynn E.; Hellerstein, Rebecca (1998-09)
In 1980's, a new convention emerged in the economics profession - that central banks' primary, even sole, responsibility should be controlling consumer price inflation. By the 1990's, this view was gaining credibility in policy circles, and various countries mandated that their central banks make inflation their primary focus (generally with and escape clause in the event of a severe economic shock). Here in the United States, this orthodoxy never gained official status; rather, the U.S. policy goal remains promoting stable long-term growth using a variety of theoretical approaches. ; The ...
New England Economic Review , Issue Sep , Pages 3-32

Working Paper
Chaos, taxes, stabilization, and turnover
Shaffer, Sherrill (1994)
Working Papers , Paper 94-18

Working Paper
A note on oil dependence and economic instability
Wen, Yi; Aguiar-Conraria, Luis (2007)
We show that dependence on foreign energy can increase economic instability by raising the likelihood of equilibrium indeterminacy, hence making fluctuations driven by self-fulfilling expectations easier to occur. This is demonstrated in a standard neoclassical growth model. Calibration exercises, based on the estimated share of imported energy in production for several countries, show that the degree of reliance on foreign energy for many countries can easily make an otherwise determinate and stable economy indeterminate and unstable.
Working Papers , Paper 2006-060

Conference Paper
Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability
Uribe, Martin; Benhabib, Jess; Schmitt-Grohe, Stephanie (2003)
The existing literature on the stabilizing properties of interest-rate feedback rules has stressed the perils of linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due to self-fulfilling expectations. In response to this concern, a growing literature has focused on the stabilizing properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has emerged is that backward-looking rules contribute to protecting the economy from embarking on expectations-driven ...
Proceedings

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