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Guest editor's introduction: What monetary policy can and cannot do

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  • Thornton, Daniel L.

Abstract

This introduction briefly discusses each of the 10 papers that make up the special issue of the Journal. Specifically, I briefly describe each paper and, when appropriate, I add my own critique. I hope you find these papers as interesting and informative as I have.

Suggested Citation

  • Thornton, Daniel L., 2016. "Guest editor's introduction: What monetary policy can and cannot do," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 1-4.
    • Handle: RePEc:eee:jmacro:v:47:y:2016:i:pa:p:1-4
    DOI: 10.1016/j.jmacro.2015.12.004
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    References listed on IDEAS

    as
    1. Michael Dueker, 2005. "Dynamic Forecasts of Qualitative Variables: A Qual VAR Model of U.S. Recessions," Journal of Business & Economic Statistics, American Statistical Association, vol. 23, pages 96-104, January.
    2. Tore Ellingsen & Ulf Soderstrom, 2001. "Monetary Policy and Market Interest Rates," American Economic Review, American Economic Association, vol. 91(5), pages 1594-1607, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monetary policy; Financial crisis; Policy effectiveness; Unconventional monetary policy; Phillips curve; Output gap; Federal funds rate;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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