The works cited in public entries and courses on Econ Cortex, in APA style.
106 works, sorted by first author.
De Grauwe, P., & Ji, Y. (2013). Self-fulfilling crises in the Eurozone: an empirical test. Journal of International Money and Finance, 34, 15–36. https://doi.org/10.1016/j.jimonfin.2012.11.003
Del Negro, M., & Sims, C. A. (2015). When does a central bank's balance sheet require fiscal support? Journal of Monetary Economics, 73, 1–19. https://doi.org/10.1016/j.jmoneco.2015.05.001
Del Negro, M., Giannoni, M. P., & Patterson, C. (2023). The forward guidance puzzle. Journal of Political Economy Macroeconomics, 1(1), 43–79. https://doi.org/10.1086/722734
Draghi, M. (2012). Speech at the Global Investment Conference, London, 26 July 2012. https://www.ecb.europa.eu/press/key/date/2012/html/sp120726.en.html
Eggertsson, G. B., & Woodford, M. (2003). The zero bound on interest rates and optimal monetary policy. Brookings Papers on Economic Activity, 2003(1), 139–233. https://doi.org/10.1353/eca.2003.0010
Eggertsson, G. B., Juelsrud, R. E., Summers, L. H., & Wold, E. G. (2024). Negative nominal interest rates and the bank lending channel. Review of Economic Studies, 91(4), 2201–2275. https://doi.org/10.1093/restud/rdad085
European Central Bank (2021). The ECB's monetary policy strategy statement. https://www.ecb.europa.eu/home/search/review/html/ecb.strategyreview_monpol_strategy_statement.en.html
Fabo, B., Jančoková, M., Kempf, E., & Pástor, Ľ. (2021). Fifty shades of QE: Comparing findings of central bankers and academics. Journal of Monetary Economics, 120, 1–20. https://doi.org/10.1016/j.jmoneco.2021.04.001
Federal Open Market Committee (2019). Statement regarding monetary policy implementation and balance sheet normalization. https://www.federalreserve.gov/newsevents/pressreleases/monetary20190130c.htm
Federal Open Market Committee (2020). Statement on Longer-Run Goals and Monetary Policy Strategy. https://www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications-statement-on-longer-run-goals-monetary-policy-strategy.htm
Friedman, M. (1968). The role of monetary policy. American Economic Review, 58(1), 1–17.
Furman, J., & Summers, L. H. (2020). A reconsideration of fiscal policy in the era of low interest rates.
Gagnon, J., Raskin, M., Remache, J., & Sack, B. (2011). The financial market effects of the Federal Reserve's large-scale asset purchases. International Journal of Central Banking, 7(1), 3–43.
Galí, J., & Gertler, M. (1999). Inflation dynamics: A structural econometric analysis. Journal of Monetary Economics, 44(2), 195–222. https://doi.org/10.1016/S0304-3932(99)00023-9
Galí, J. (2015). Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications. Princeton University Press.
Goodfriend, M., & King, R. G. (2005). The incredible Volcker disinflation. Journal of Monetary Economics, 52(5), 981–1015. https://doi.org/10.1016/j.jmoneco.2005.07.001
Gürkaynak, R. S., Sack, B., & Swanson, E. (2005). The sensitivity of long-term interest rates to economic news: Evidence and implications for macroeconomic models. American Economic Review, 95(1), 425–436. https://doi.org/10.1257/0002828053828446
Halac, M., & Yared, P. (2014). Fiscal rules and discretion under persistent shocks. Econometrica, 82(5), 1557–1614. https://doi.org/10.3982/ECTA11207
Hall, G. J., & Sargent, T. J. (2011). Interest rate risk and other determinants of post-WWII US government debt/GDP dynamics. American Economic Journal: Macroeconomics, 3(3), 192–214. https://doi.org/10.1257/mac.3.3.192
Hamilton, J. D., Harris, E. S., Hatzius, J., & West, K. D. (2016). The equilibrium real funds rate: Past, present, and future. IMF Economic Review, 64(4), 660–707. https://doi.org/10.1057/s41308-016-0015-z
Hazell, J., Herreño, J., Nakamura, E., & Steinsson, J. (2022). The slope of the Phillips curve: Evidence from U.S. states. Quarterly Journal of Economics, 137(3), 1299–1344. https://doi.org/10.1093/qje/qjac010
Herndon, T., Ash, M., & Pollin, R. (2014). Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff. Cambridge Journal of Economics, 38(2), 257–279. https://doi.org/10.1093/cje/bet075
Holston, K., Laubach, T., & Williams, J. C. (2017). Measuring the natural rate of interest: International trends and determinants. Journal of International Economics, 108, S59–S75. https://doi.org/10.1016/j.jinteco.2017.01.004
Krippner, L. (2013). Measuring the stance of monetary policy in zero lower bound environments. Economics Letters, 118(1), 135–138. https://doi.org/10.1016/j.econlet.2012.10.011
Krishnamurthy, A., & Vissing-Jorgensen, A. (2011). The effects of quantitative easing on interest rates: Channels and implications for policy. Brookings Papers on Economic Activity, 2011(2), 215–287. https://doi.org/10.1353/eca.2011.0019
Krugman, P. R. (1998). It's baaack: Japan's slump and the return of the liquidity trap. Brookings Papers on Economic Activity, 1998(2), 137–205. https://doi.org/10.2307/2534694
Kydland, F. E., & Prescott, E. C. (1977). Rules rather than discretion: The inconsistency of optimal plans. Journal of Political Economy, 85(3), 473–491. https://doi.org/10.1086/260580
Lane, P. R. (2012). The European sovereign debt crisis. Journal of Economic Perspectives, 26(3), 49–68. https://doi.org/10.1257/jep.26.3.49
Laubach, T., & Williams, J. C. (2003). Measuring the natural rate of interest. Review of Economics and Statistics, 85(4), 1063–1070. https://doi.org/10.1162/003465303772815934
Leeper, E. M. (1991). Equilibria under `active' and `passive' monetary and fiscal policies. Journal of Monetary Economics, 27(1), 129–147. https://doi.org/10.1016/0304-3932(91)90007-B
Lucas, R. E., & Stokey, N. L. (1983). Optimal fiscal and monetary policy in an economy without capital. Journal of Monetary Economics, 12(1), 55–93. https://doi.org/10.1016/0304-3932(83)90049-1
McKay, A., Nakamura, E., & Steinsson, J. (2016). The power of forward guidance revisited. American Economic Review, 106(10), 3133–3158. https://doi.org/10.1257/aer.20150063
Mehrotra, N. R., & Sergeyev, D. (2021). Debt sustainability in a low interest rate world. Journal of Monetary Economics, 124, S1–S18. https://doi.org/10.1016/j.jmoneco.2021.09.001
Nakamura, E., & Steinsson, J. (2014). Fiscal stimulus in a monetary union: evidence from US regions. American Economic Review, 104(3), 753–792. https://doi.org/10.1257/aer.104.3.753
New Zealand Parliament (1989). Reserve Bank of New Zealand Act 1989. https://www.legislation.govt.nz/act/public/1989/0157/latest/whole.html
Orphanides, A. (2001). Monetary policy rules based on real-time data. American Economic Review, 91(4), 964–985. https://doi.org/10.1257/aer.91.4.964
Orphanides, A. (2003). Historical monetary policy analysis and the Taylor rule. Journal of Monetary Economics, 50(5), 983–1022. https://doi.org/10.1016/S0304-3932(03)00065-5
Phelps, E. S. (1967). Phillips curves, expectations of inflation and optimal unemployment over time. Economica, 34(135), 254–281. https://doi.org/10.2307/2552025
Ramey, V. A., & Zubairy, S. (2018). Government spending multipliers in good times and in bad: evidence from US historical data. Journal of Political Economy, 126(2), 850–901. https://doi.org/10.1086/696277
Ramey, V. A. (2019). Ten years after the financial crisis: what have we learned from the renaissance in fiscal research? Journal of Economic Perspectives, 33(2), 89–114. https://doi.org/10.1257/jep.33.2.89