Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information



Kozicki, Sharon and Peter A. Tinsley, 2002, “Alternative Sources of the Lag Dynamics
of Inflation,” Federal Reserve Bank of Kansas City Research Working Paper 02-12.

Levin, Andrew T. and Jeremy M. Piger, 2002, “Is Inflation Persistence Intrinsic in
Industrial Economies?” manuscript.

Lucas, Robert E., 1973, “Some International Evidence on Output-Inflation Tradeoffs,”
American Economic Review, 63, 326-34.

Meyer, Laurence H., and Charles Webster, Jr., 1982, “Monetary Policy and
Rational Expectations: A Comparison of Least Squares and Bayesian Learning,”
Carnegie-Rochester Conference Series on Public Policy, 17, 67-98.

Orphanides, Athanasios, and John C. Williams, 2003, “Imperfect Knowledge, Inflation
Expectations, and Monetary Policy,” NBER Working Paper 9884.

Rudebusch, Glenn, 1998, “Is the Fed too Timid? Monetary Policy in an Uncertain
World,” Federal Reserve Bank of San Francisco, manuscript.

Rudebusch, Glenn, and Lars E.O. Svensson, 1999, “Policy Rules for Inflation Targeting,”
in Monetary Policy Rules, ed. by John B. Taylor, A National Bureau of Economic
Research Conference Report. Chicago: The University of Chicago Press, 203-259.

Rudebusch, Glenn, and Tao Wu, 2003, “A Macro-Finance Model of the Term Structure,
Monetary Policy, and the Economy,” manuscript, Federal Reserve Bank of San
Francisco.

Sargent, Thomas J., 1993, Bounded Rationality in Macroeconomics. Oxford: Clarendon
Press.

Sargent, Thomas J. and Neil Wallace, 1976, “Rational Expectations and the Theory of
Economic Policy,” Journal of Monetary Economics, 2, 193-228.

Schorfheide, Frank, 2003, “Learning and Monetary Policy Shifts,” manuscript.

Taylor, John B., 1975, “Monetary Policy during a Transition to Rational Expectations,”
The Journal of Political Economy, 83, 1009-1022.

Taylor, John B., 1980, “Recent Developments in the Theory of Stabilization Policy,” in
Stabilization Policies: Lessons from the Seventies and Implications for the Eighties,
ed. by Laurence Meyer, Center for the Study of American Business, Conference
Volume No. 4. St. Louis: Federal Reserve Bank of St. Louis, 1-40.

Taylor, John B., 1993, “Discretion versus Policy in Practice,” Carnegie-Rochester
Conference Series on Public Policy,, 39, December, 195-214.

Taylor, John B., 1999, Monetary Policy Rules. Chicago: University of Chicago Press.

31



More intriguing information

1. On the Desirability of Taxing Charitable Contributions
2. The Composition of Government Spending and the Real Exchange Rate
3. Magnetic Resonance Imaging in patients with ICDs and Pacemakers
4. The name is absent
5. Expectations, money, and the forecasting of inflation
6. Prevalence of exclusive breastfeeding and its determinants in first 6 months of life: A prospective study
7. The name is absent
8. The name is absent
9. The name is absent
10. The name is absent
11. The name is absent
12. Research Design, as Independent of Methods
13. Towards Learning Affective Body Gesture
14. Restructuring of industrial economies in countries in transition: Experience of Ukraine
15. Strategic Investment and Market Integration
16. Sector Switching: An Unexplored Dimension of Firm Dynamics in Developing Countries
17. Trade Liberalization, Firm Performance and Labour Market Outcomes in the Developing World: What Can We Learn from Micro-LevelData?
18. Industrial Cores and Peripheries in Brazil
19. The name is absent
20. The name is absent