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Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?

In: Monetary Policy

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  • Michael Woodford

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  • Michael Woodford, 1994. "Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?," NBER Chapters, in: Monetary Policy, pages 95-115, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:8330
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    1. Marvin Goodfriend, 1993. "Interest rate policy and the inflation scare problem: 1979-1992," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    2. Woodford, Michael, 1994. "Monetary Policy and Price Level Determinacy in a Cash-in-Advance Economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(3), pages 345-380.
    3. Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-1311, July.
    4. Brian J. Cody & Leonard O. Mills, 1990. "The role of commodity prices in formulating monetary policy," Working Papers 90-2, Federal Reserve Bank of Philadelphia.
    5. Rik Hafer, 1983. "Monetary policy and the price rule: the newest odd couple," Review, Federal Reserve Bank of St. Louis, vol. 65(Feb), pages 5-13.
    6. Manuel H. Johnson, 1988. "Current Perspectives on Monetary Policy," Cato Journal, Cato Journal, Cato Institute, vol. 8(2), pages 253-260, Fall.
    7. Fuhrer, Jeff & Moore, George, 1992. "Monetary policy rules and the indicator properties of asset prices," Journal of Monetary Economics, Elsevier, vol. 29(2), pages 303-336, April.
    8. Smith, Bruce D, 1994. "Efficiency and Determinacy of Equilibrium under Inflation Targeting," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(3), pages 327-344.
    9. Fama, Eugene F, 1975. "Short-Term Interest Rates as Predictors of Inflation," American Economic Review, American Economic Association, vol. 65(3), pages 269-282, June.
    10. Baillie, Richard T., 1989. "Commodity prices and aggregate inflation: Would a commodity price rule be worthwhile?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 31(1), pages 185-240, January.
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