Technology shocks and monetary policy: assessing the Fed's performance

Andrés, 2002, Intertemporal substitution and the liquidity effect in a sticky price model, European Economic Review, 46, 1399, 10.1016/S0014-2921(01)00190-8 Basu, S., Fernald, J., Kimball, M., 1997. Are technology improvements contractionary?, University of Michigan, 1997. Bernanke, 1998, Measuring monetary policy, Quarterly Journal of Economics, 113, 869, 10.1162/003355398555775 Bullard, 2002, Learning about monetary policy rules, Journal of Monetary Economics, 49, 1105, 10.1016/S0304-3932(02)00144-7 Calvo, 1983, Staggered prices in a utility maximizing framework, Journal of Monetary Economics, 12, 383, 10.1016/0304-3932(83)90060-0 Clarida, 2000, Monetary policy rules and macroeconomic stability, Quarterly Journal of Economics, 115, 147, 10.1162/003355300554692 Christiano, 1997, Sticky price and limited participation models, European Economic Review, 41, 1201, 10.1016/S0014-2921(97)00071-8 Dotsey, M., 1999. Structure from shocks. Mimeo, Federal Reserve Bank of Richmond. Galı́, 1999, Technology, employment, and the business cycle, American Economic Review, 89, 249, 10.1257/aer.89.1.249 Galı́, J., 2003. New perspectives on monetary policy, inflation and the business cycle. In: Dewatripont, M., Hansen, L., Turnovsky, S. (Eds.), Advances in Economics and Econometrics, Volume III, pp. 151–197. Cambridge University Press. Galı́, 1999, Inflation dynamics, Journal of Monetary Economics, 44, 195, 10.1016/S0304-3932(99)00023-9 Goodfriend, M., King, R.G., 2001. The case for price stability. In: Herrero, G., et al. (Eds.), Why Price Stability? European Central Bank, pp. 53–94. Judd, 1999, Taylor's Rule and the Fed, Federal Reserve Bank of San Francisco Economic Review, 3, 3 King, 1988, Production, growth and business cycles: II. New directions, Journal of Monetary Economics, 21, 309, 10.1016/0304-3932(88)90034-7 Meulendyke, A.-M., 1990. A review of federal reserve policy targets and operating guides in recent decades. In: Intermediate Targets and Indicators for Monetary Policy: A Critical Survey, Federal Reserve Bank of New York, 1990. Rotemberg, 1996, Real business cycle models and the forecastable movements in output, hours, and consumption, American Economic Review, 86, 71 Rotemberg, 1999, Interest rate rules in an estimated sticky price model, 57 Taylor, J.B., 1993. Discretion versus policy rules in practice, Carnegie–Rochester Conference Series on Public Policy, Vol. 39, pp. 195–214. Taylor, 1999, Introduction, 1 Woodford, M., 1996. Control of the public debt: a requirement for price stability. NBER Working Paper 5684. Woodford, M., 2000. A neo-Wicksellian framework for the analysis of monetary policy. Unpublished manuscript. Woodford, M., 2001. Inflation stabilization and welfare. NBER Working Paper #8071. Yun, 1996, Nominal price rigidity, money supply endogeneity, and business cycles, Journal of Monetary Economics, 37, 345, 10.1016/S0304-3932(96)90040-9