Monetary policy, income and prices: a stability assessment

References

• Bernanke , S. B. and Blinder , S. A. 1992 . The federal funds rate and the channels of monetary transmission . American Economic Review , 82 : 901 – 921 .
   Web of Science ®Google Scholar
• Bernanke , S. B. and Mihov , I. 1998 . Measuring monetary policy . Quarterly Journal of Economics , 113 ( 3 ) : 869 – 902 .
   Web of Science ®Google Scholar
• Berument , H. and Froyen , R. T. 1998 . Potential information and target variables for UK monetary policy . Applied Economics , 30 : 449 – 463 .
   Web of Science ®Google Scholar
• Blanchard , O. and Quah , D. 1989 . The dynamic effects of aggregate demand and supply disturbances . American Economic Review , 79 : 655 – 673 .
   Web of Science ®Google Scholar
• Christiano , L. J. 1991 . Modeling the liquidity effect of a money shock . Federal Reserve Bank of Minneapolis, Quarterly Review , 15 ( 1 ) : 3 – 34 .
   Google Scholar
• Christiano , L. J. and Eichenbaum , M. 1995 . Liquidity effects, monetary policy and the business cycle . Journal of Money, Credit and Banking , 27 ( 4 ) : 1113 – 1136 .
   Web of Science ®Google Scholar
• Christiano , J. L. , Eichenbaum , M. and Evans , C. L. 1996 . “ Identification and the effects of monetary policy shocks ” . In Financial Factors in Economic Stabilization and Growth , Edited by: Blejer , M. I. , Eckstein , Z. , Hercowitz , Z. and Leiderman , L. 36 – 74 . Cambridge University Press .
   Google Scholar
• Christiano , L. J. , Eichenbaum , M. and Evans , C. L. 1997 . Sticky price and limited participation models: a comparison . European Economic Review , 41 ( 6 ) : 1201 – 1249 .
   Web of Science ®Google Scholar
• Christiano , J. L. , Eichenbaum , M. and Evans , C. L. 1998 . “ Monetary policy shocks: what have we learned and to what end? ” . In Handbook of Macroeconomics Vol. 1A , Chapter 2
   Google Scholar
• Cooley , T. F. and Hansen , G. D. 1989 . The inflation tax in a real business cycle model . American Economic Review , 79 ( 4 ) : 733 – 748 .
   Web of Science ®Google Scholar
• Cooley , T. F. and Hansen , G. 1997 . Unanticipated money growth and the business cycle reconsidered . Journal of Money, Credit and Banking , 29 ( 4 ) : 624 – 648 .
   Web of Science ®Google Scholar
• Faust , J. and Leeper , E. M. 1997 . When do long-run identifying restrictions give reliable results? . Journal of Business and Economic Statistics , 15 ( 3 ) : 345 – 353 .
   Web of Science ®Google Scholar
• Friedman , B. M. and Kuttner , K. N. 1992 . Money, income, prices and interest rates . American Economic Review , 82 : 472 – 492 .
   Web of Science ®Google Scholar
• Kim , S. and Roubini , N. 2000 . Exchange rate anomalies in the industrial countries: a solution with a structural VAR approach . Journal of Monetary Economics , 45 : 561 – 586 .
   Web of Science ®Google Scholar
• King , R. 1991 . Money and business cycles , University of Rochester . unpublished manuscript
   Google Scholar
• Leeper , E. M. , Sims , C. A. and Zha , T. 1996 . What does monetary policy do? . Brookings Papers on Economic Activity , 2 : 1 – 63 .
   Google Scholar
• Pagan , A. R. and Robertson , J. C. 1995 . Resolving the liquidity effect . Federal Reserve Bank of St. Louis Review , 77 ( 3 ) : 33 – 54 .
   Google Scholar
• Romer , C. D. and Romer , D. H. 1989 . “ Does monetary policy Matter? A New Test in the Spirit of Friedman and Schwartz ” . In NBER Macroecanomic Annual 1989 , 121 – 170 . Cambridge : MIT Press .
   Google Scholar
• Rudebusch , G. D. 1995 . Federal reserve interest rate targeting, rational expectations and the term structure . Journal of Monetary Economics , 35 ( 2 ) : 245 – 274 .
   Web of Science ®Google Scholar
• Sims , C. A. 1992 . Interpreting the macroeconomic Time Series Facts . European Economic Review , 36 : 975 – 1011 .
   Web of Science ®Google Scholar
• Sims , C. A. and Zha , T. 1995 . Does monetary policy generate recessions? , Yale University . unpublished manuscript
   Google Scholar
• Strongin , S. 1995 . The identification of monetary policy disturbances, explaining the liquidity puzzle . Journal of Monetary Economics , 35 : 463 – 498 .
   Web of Science ®Google Scholar