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Applied Economics Letters Volume 24, 2017 - Issue 13
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Original Articles

Why has US monetary policy become ineffective lately?

Chulho JungDepartment of Economics, Ohio University, Athens, OH, USACorrespondence[email protected]
&
Jay E. RyuDepartment of Political Science, Ohio University, Athens, OH, USA
Pages 956-960 | Published online: 14 Oct 2016

References

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  • Bernanke, B. S., and I. Mihov. 1998. “Measuring Monetary Policy.” The Quarterly Journal of Economics 113 (3): 869–902. doi:10.1162/003355398555775.
  • Campbell, J. R., C. L. Evans, J. D. M. Fisher, and A. Justiniano. 2012. “Macroeconomic Effects of Federal Reserve Forward Guidance.” Brookings Papers on Economic Activity Vol. Spring 2012: 1–80. doi:10.1353/eca.2012.0004.
  • Christiano, L. J., M. Eichenbaum, and C. L. Evans. 1996. “The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds.” Review of Economics and Statistics 78(1): 16-34. doi:10.2307/2109845.
  • Christiano, L. J., M. Erichenbaum, and C. L. Evans. 1999. “Moneraty Policy Shocks: What Have We Learned and To What End?” In Handbook of Macroeconomics Vol. I, edited by M. Woodford, and J. D. Taylor, 65–148. Amsterdam: Elsevier.
  • Coibion, O. 2012. “Are the Effects of Monetary Policy Shocks Big or Small?” American Economic Journal: Macroeconomics 4 (2): 1–32.
  • Ramey, V. A. 2016. Macroeconomic Shocks and Their Propagation. Cambridge, MA: National Bureau of Economic Research. Working Paper 21978.
  • Romer, C. D., and D. H. Romer. 2004. “A New Measure of Monetary Policy Shocks: Derivation and Implications.” American Economic Review 90 (3): 429–457. doi:10.1257/aer.90.3.429.
  • Roubini, N., and S. Mihm. 2010. Crisis Economics. New York: Penguin Press.
  • Smets, F., and R. Wouters. 2007. “Shocks and Frictions in U. S. Business Cycles: A Bayesian DSGE Approach.” American Economic Review 97 (3): 586–606. doi:10.1257/aer.97.3.586.

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