References
- Aizenman , J. and Frenkel , J. A. 1986 . Supply shocks, wage indexation, and monetary accommodation . Journal of Money, Credit, and Banking , 18 : 304 – 327 .
- Bernanke , B. S. Real Business Cycles, Real Exchange Rates, and Actual Policies . Carnegie-Rochester Conference Series on Public Policy . Edited by: Brunner , K. and Meltzer , A. pp. 49 – 100 . Amsterdam : North Holland .
- Blanchard , O. 1984 . The Lucas critique and the Volcker deflation . American Review , 74 : 211 – 215 .
- Blanchard , O. J. and Quah , D. 1989 . The dynamic effects of aggregate demand and supply disturbances . American Economic Review , 79 : 655 – 673 .
- Blinder , A. S. 1981 . Monetary accommodation of supply shocks under rational expectations . Journal of Money, Credit, and Banking , 13 : 425 – 438 .
- Boschen , J. and Mills , L. 1987 . Tests of the relation between money and output in the real business cycle model , Mimeo : Federal Reserve Bank of Philadelphia .
- Burbidge , J. and Harrison , A. 1984 . Testing for the effects of oil price rises using vector autoregressions . International Economic Review , 25 : 459 – 484 .
- Chow , G. C. 1975 . Analysis and Control of Dynamic Ecunomic Systems , New York : Wiley .
- Cody , B. J. and Mills , L. 1991 . The role of commodity prices in formulating monetary policy . Review of Economics and Statistics , 73 : 358 – 365 .
- Cooley , T. F. and Leroy , S. F. 1985 . A theoretical macroeconomics: a critique . Journal of Monetary Economics , 19 : 283 – 308 .
- Engle , R. F. and Granger , C. W. 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , 59 : 251 – 276 .
- Engle , R. F. and Yoo , B. S. 1987 . Forecasting and testing in co-integrated systems . Journal of Econometrics , 35 : 143 – 159 .
- Fischer , S. 1985 . Supply shocks, wage stickiness, and accommodation . Journal of Money, Credit, and Banking , 17 : 1 – 15 .
- Fuller , W. A. 1976 . Introduction 10 Statistical Time Series , New York : Wiley .
- Gordon , R. J. 1975 . Alternative responses of policy to external supply shocks . Brookinys Papers on Economic Activity , 1 : 183 – 204 .
- Gordon , R. J. 1984 . Supply shocks and monetary policy revisited . American Economic Review , 74 : 38 – 43 .
- Gramlich , E. M. 1979 . Macro policy responses to price shocks . Brookings Papers on Economic Activity , 1 : 125 – 166 .
- Hamilton , J. D. 1983 . Oil and the macroeconomy since World War II . Journal of Political Economy , 91 : 228 – 248 .
- Hallman, J. J., Porter R. D. and Small, D. H. (1989) M2 per unit of GNP as an anchor for the price level, Board of Governors of the Federal Reserve System, Staff Study #157.
- Judd , J. P. and Trehan , B. 1989 . Unemployment-rate dynamics: aggregate-demand and -supply interactions . Federal Reserve Bank of San Francisco Economic Review , : 20 – 37 . Fall
- King , R. G. “ Money and business cycles: comments on Bernanke and related literature ” . In Real Business Cycles, Real Exchange Rates, and Actual Policies Edited by: Brunner , K. and Meltzer , A. H. 1O1 – 116 . Carnegie-Rochester Series on Public Policy
- Kocherlakota , N. 1988 . “ Evaluating policy innovations using vector autoregression and structural methods ” . In Northwestern University manuscript
- Leamer , E. E. 1985 . “ Vector autoregressions for causal inference? ” . In Understanding Monetary Regimes , Edited by: Brunner , K. and Meltzer , A. H. 255 – 304 . Amsterdam : North-Holland . Carnegie-Rochester Conference Series on Public Policy
- Litterman, R. B. (1983) Optimal control of the money supply, Federal Reserve Bank of Minneapolis Research Department Staff Report 82.
- Litterman , R. B. 1984a . The costs of intermediate targeting, Federal Reserve Bank of Minneapolis Research Department . Working Paper 254 ,
- Litterman , R. B. 1984b . Forecasting and policy analysis with Bayesian vector autoregression models . Federal Reserve Bank of Minneapolis Quarterly Review , : 30 – 41 . Fall
- Lucas , R. E. 1976 . “ Econometric policy evaluation: a critique ” . In The Phillips Curve and Labor Markers , Edited by: Brunner , K. and Meltzer , A. Vol. 1 , Amsterdam : North-Holland . Carnegie-Rochester Series on Public Policy
- Marston , R. C. and Turnovsky , S. J. 1985 . Imported material prices, wage policy, and macroeconomic stabilization . Canadian Journal of Economics , 18 : 273 – 284 .
- Perron , P. 1989 . The great crash, the oil price shock, and the unit root hypothesis . Econometrica , 57 : 1361 – 1401 .
- Phelps , E. S. 1978 . Commodity-supply shock and full-employment, monetary policy . Journal of Money, Credit, and Banking , 10 : 206 – 221 .
- Poole , W. 1978 . Summary and Evaluation . After the Phillips Curve: Persistance of High Inflation and High Unemployment , : 212 – 213 .
- Shapiro , M. D. and Watson , M. W. 1988 . “ Sources of business cycle fluctuations ” . In NBER Macroeconomics Annual 1988 , Edited by: Fischer , S. Cambridge : MIT Press .
- Sims , C. 1980 . Macroeconomics and reality . Econometrica , : 1 – 48 .
- Sims , C. 1982 . Policy analysis with econometric models . Brookings Papers on Economic Activity , 1 : 107 – 153 .
- Sims , C. 1986 . Are forecasting models usable for policy analysis . Federal Reserve Bank of Minneapolis Quarterly Review , : 2 – 16 .
- Tatom , J. A. 1981 . Energy prices and short-run economic performance . Federal Reserve Bank of St. Louis Review , : 3 – 17 .
- Trehan , B. 1986 . Oil prices, exchange rates and the U.S. economy . Federal Reserve Bank of San Francisco Economic Review , : 25 – 43 .
- Turnovsky , S. J. 1986 . Supply shocks and optimal monetary policy . National Bureau of Economic Research Working Paper , 1988
- Webb , R. H. 1985 . Toward more accurate macroeconomic forecasts from vector-autoregressions . Federal Reserve Bank of Richmond Economic Review , : 3 – 11 .