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The Perils of Taylor Rules Author info | Abstract | Publisher info | Download info | Related research | Statistics Benhabib, Jess
Schmitt-Grohe, Stephanie
Uribe, Martin
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Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number
98-37.
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Length: 27 pages
Date of creation: 1998Date of revision:
Handle: RePEc:cvs:starer:98-37Contact details of provider: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Phone: (212) 998-8936 Fax: (212) 995-3932 Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html More information through EDIRC
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Keywords: interest rate feedback rules ; zero bound on nominal rates ; liquidity traps ; multiple equilibria ; Other versions of this item:
Article Paper Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 1998.
"The perils of Taylor Rules ,"
Departmental Working Papers
199831, Rutgers University, Department of Economics.
[Downloadable!] Benhabib, Jess & Schmitt-Grohé, Stephanie & Uribe, Martín, 1999.
"The Perils of Taylor Rules ,"
CEPR Discussion Papers
2314, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Find related papers by JEL classification: E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
This item is featured on the following reading lists :
Advanced Monetary Theory and Policy (ECON 447)
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Edward C. Prescott, 1986.
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[Downloadable!] (restricted) Clarida, Richard & Galí, Jordi & Gertler, Mark, 1998.
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Richard Clarida & Jordi Gali & Mark Gertler, 1998.
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Other versions: Paul R. Krugman, 1998.
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Brookings Papers on Economic Activity ,
Economic Studies Program, The Brookings Institution, vol. 29(1998-2), pages 137-206.
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Sbordone, A.M., 1998.
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Argia M. Sbordone, 2001.
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Journal of Monetary Economics ,
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"Robustness of Simple Monetary Policy Rules under Model Uncertainty ,"
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Other versions: Leeper, Eric M., 1991.
"Equilibria under 'active' and 'passive' monetary and fiscal policies ,"
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Julio J. Rotemberg & Michael Woodford, 1998.
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6618, National Bureau of Economic Research, Inc.
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Other versions: Yun, Tack, 1996.
"Nominal price rigidity, money supply endogeneity, and business cycles ,"
Journal of Monetary Economics ,
Elsevier, vol. 37(2-3), pages 345-370, April.
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Taylor, John B., 1998.
"The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by the European Central Bank ,"
Seminar Papers
649, Stockholm University, Institute for International Economic Studies.
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Other versions: Taylor, John B., 1993.
"Discretion versus policy rules in practice ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 39(1), pages 195-214, December.
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Michael Woodford, 1996.
"Control of the Public Debt: A Requirement for Price Stability? ,"
NBER Working Papers
5684, National Bureau of Economic Research, Inc.
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Benhabib, J. & Schmitt-Grohe, S. & Uribe, M., 1998.
"Monetary Policy and Multiple Equilibria ,"
Working Papers
98-02, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!]
Other versions:
Benhabib, Jess & Schmitt-Grohé, Stephanie & Uribe, Martín, 1999.
"Monetary Policy and Multiple Equilibria ,"
CEPR Discussion Papers
2316, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 1999.
"Monetary Policy and Multiple Equilibria ,"
Departmental Working Papers
199914, Rutgers University, Department of Economics.
Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 1998.
"Monetary policy and multiple equilibria ,"
Finance and Economics Discussion Series
1998-29, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!] Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2001.
"Monetary Policy and Multiple Equilibria ,"
American Economic Review ,
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[Downloadable!] (restricted) Lucas, Robert E, Jr & Stokey, Nancy L, 1987.
"Money and Interest in a Cash-in-Advance Economy ,"
Econometrica ,
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Other versions: Clarida, Richard & Gali, Jordi & Gertler, Mark, 1998.
"Monetary policy rules in practice Some international evidence ,"
European Economic Review ,
Elsevier, vol. 42(6), pages 1033-1067, June.
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Other versions:
Richard Clarida & Jordi Gali & Mark Gertler, 1997.
"Monetary Policy Rules in Practice: Some International Evidence ,"
NBER Working Papers
6254, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Clarida, Richard & Gali, Jordi & Gertler, Mark, 1997.
"Monetary Policy Rules in Practice: Some International Evidence ,"
Working Papers
97-32, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Clarida, Richard & Galí, Jordi & Gertler, Mark, 1997.
"Monetary Policy Rules in Practice: Some International Evidence ,"
CEPR Discussion Papers
1750, C.E.P.R. Discussion Papers.
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"Staggered prices in a utility-maximizing framework ,"
Journal of Monetary Economics ,
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Taylor, J.B., 1998.
"The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by European Central Bank ,"
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649, Stockholm - International Economic Studies.
John B. Taylor, 1998.
"An Historical Analysis of Monetary Policy Rules ,"
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6768, National Bureau of Economic Research, Inc.
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Other versions: Julio Rotemberg & Michael Woodford, 1997.
"An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy ,"
NBER Chapters ,
in: NBER Macroeconomics Annual 1997, Volume 12, pages 297-361
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Stephanie Schmitt-Grohe & Martin Uribe, 1998.
"Price Level Determinacy and Monetary Policy under a Balanced-Budget Requirement ,"
Departmental Working Papers
199833, Rutgers University, Department of Economics.
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Other versions:
Stephanie Schmitt-Grohe & Martin Uribe, 1997.
"Price level determinacy and monetary policy under a balanced-budget requirement ,"
Finance and Economics Discussion Series
1997-17, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!] Schmitt-Grohe, Stephanie & Uribe, Martin, 2000.
"Price level determinacy and monetary policy under a balanced-budget requirement ,"
Journal of Monetary Economics ,
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[Downloadable!] (restricted) Rotemberg, Julio J, 1982.
"Sticky Prices in the United States ,"
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