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Monetary Policy During a Transition to Rational Expectations
Monetary Policy Rational Expectations
2015/8/5
In standard macroeconomic models incorporating the natural rate
hypothesis and rational expectations, monetary policy has no effect on
real variables. But the rational expectations assumption that e...
The Determinants of Economic Policy with Rational Expectations
Economic Policy Rational Expectations
2015/8/5
This paper is a sumaary of remarks for a
panel discussion on "Rational Expectations and
the Control of the Econcatym. After a brief
review of the major issues in this area, it is
argued that the c...
Recent Developments in the Theory of Stabilization Policy
Recent Developments Stabilization Policy
2015/8/5
During the past decade the theoretical framework underlying
macroeconomic stabilization analysis has undergone a number of significant
developments. Theories designed to explain the crucial linkage
...
Review of Macroeconomic Analysis and Stabilization Policy by Stephen J. Turnovsky
Review of Macroeconomic Analysis Stabilization Policy
2015/8/5
Review of Macroeconomic Analysis and Stabilization Policy by Stephen J. Turnovsky.
The Swedish Investment Funds System as a Stabilization Policy Rule
Wage Rigidity Unemployment
2015/8/5
There are a number of reasons for this new emphasis. Increased
attention to expectations has led to the need to specify future as well as
current policy actions and hence to the specification of pol...
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence
Macro Policy Series Evidence
2015/8/4
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence.
International Coordination in the Design of Macroeconomic Policy Rules
International Coordination Macroeconomic Policy Rules
2015/8/4
The paper examines international issues that arise in the design and evaluation of macroeconomic
policy rules. It begins with a theoretical investigation of the effects of fiscal and
monetary policy...
New Econometric Approaches to Stabilization Policy in Stochastic Models of Macroeconomic Fluctuations
Stochastic Models Macroeconomic Fluctuations
2015/8/4
During the last 15 years econometric techniques for evaluating macroeconomic
policy using dynamic stochastic models in which expectations are consistent, or
rational, have been developed extensively...
My assignment for this paper is to provide an up-to-date review of the
rational expectations debate about whether activist monetary and fiscal
policies can improve macroeconomic performance. Prepari...
The Current Account and Macroeconomic Policy: An Econometric Analysis
Macroeconomic Policy Econometric Analysis
2015/8/4
The Current Account and Macroeconomic Policy: An Econometric Analysis.
Evaluating Policy Regimes: New Research on Empirical Macroeconomics
Evaluating Policy Regimes Empirical Macroeconomics
2015/8/4
Evaluating Policy Regimes: New Research on Empirical Macroeconomics.
The Use of the New Macroeconometrics for Policy Formulation
New Macroeconometrics Policy Formulation
2015/8/4
The Use of the New Macroeconometrics for Policy Formulation.
Macroeconomic Policy and Unemployment in the 1990s.
Stabilization Policy and Long-Term Economic Growth
Stabilization Policy Long-Term Economic Growth
2015/8/4
Stabilization Policy and Long-Term Economic Growth.
The Policy Rule Mix: A Macroeconomic Policy Evaluation
Policy Rule Mix Macroeconomic Policy
2015/8/4
This draft was prepared for the Robert A. Mundell Festschrift
Conference, organized by Guillermo Calvo, Rudi Dornbusch, and Maury
Obstfeld and held at the World Bank, Washington, D.C., October 24, 1...