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Creator: Altug, Sumru. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 343 Description: "These notes were... initially circulated as Federal Reserve Bank of Minneapolis Working Paper 343, 1987." The 1987 version is out of print.
Keyword: Phillip Cagan, Bubble, Currency reform, Price fluctuations, Money stock, Price bubbles, Hyperinflation, and Real cash balances Subject: E31 - Prices, business fluctuations, and cycles - Price level ; Inflation ; Deflation and E51 - Monetary policy, central banking, and the supply of money and credit - Money supply ; Credit ; Money multipliers -
Creator: Sargent, Thomas J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 60 Keyword: Phillip Cagan, Rational expectations theory, Demand for money, and Hyperinflation Subject: E41 - Money and interest rates - Demand for money -
Creator: Sargent, Thomas J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 43 Keyword: Phillip Cagan, Rational expectations theory, Demand for money, and Hyperinflation Subject: E41 - Money and interest rates - Demand for money -
Creator: Sargent, Thomas J. and Wallace, Neil. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 241 Keyword: Seignorage, Rational expectations, Real balances, and Hyperinflations Subject: E31 - Prices, business fluctuations, and cycles - Price level ; Inflation ; Deflation and H27 - Taxation, subsidies and revenue - Other sources of revenue -
Creator: Sargent, Thomas J. Number: 43 Description: Preliminary version of WP 43.
Keyword: Phillip Cagan, Rational expectations theory, Demand for money, and Hyperinflation Subject: E41 - Money and interest rates - Demand for money -
Creator: Roberds, William. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 298 Abstract: The consequences of a straightforward monetary targeting scheme are examined for a simple dynamic macro model. The notion of "targeting" used below is the strategic one introduced by Rogoff (1985). Numerical simulations are used to demonstrate that for the model under consideration, monetary targeting is likely to lead to a deterioration of policy performance. These examples cast doubt upon the general efficacy of simple targeting schemes in dynamic rational expectations models. Keyword: Monetary targeting, Macroeconomic model, Monetary policy, and Rational expectations Subject: C61 - Mathematical methods and programming - Optimization techniques ; Programming models ; Dynamic analysis and E52 - Monetary policy, central banking, and the supply of money and credit - Monetary policy -
Creator: Saracoglu, Rusdu. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 70 Keyword: Rational expectations theory Subject: D59 - General equilibrium and disequilibrium - Other -
Creator: Anderson, Paul A. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 82 Abstract: This paper puts forward a method of policy simulation with an existing macroeconometric model under the maintained assumption that individuals form their expectations rationally. This new simulation technique grows out of Lucas' criticism that standard econometric policy evaluation permits policy rules to change but doesn't allow expectations mechanisms to respond as economic theory predicts they will. This technique is applied to versions of the St. Louis Federal Reserve model and the FRB-MIT-Penn model to simulate the effects of different constant money growth policies. I shall briefly summarize the current practice of policy evaluation and the Lucas critique in the first section. The second section includes an explanation of the method I propose. The third section includes the two illustrative applications. In the conclusion, I cannot resist the temptation to offer some opinions about the use and usefulness of econometric models. Description: Cover note: "To be presented at the summer meetings of the Econometric Society in Ottawa on June 22, 1977."
Keyword: Rational expectations theory, Macroeconometric models, and Policy Subject: E60 - Macroeconomic policy, macroeconomic aspects of public finance, and general outlook - General -
Creator: Smith, Bruce D., d. 2002. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 406 Keyword: Prices, Money, Quantity theory of money, Inflation, Central banking, and Monetary policy Subject: E52 - Monetary policy, central banking, and the supply of money and credit - Monetary policy and E31 - Prices, business fluctuations, and cycles - Price level ; Inflation ; Deflation -
Creator: Turner, Thomas H. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 36 Keyword: Cash reserves and Banks Subject: G21 - Financial institutions and services - Banks ; Other depository institutions ; Micro finance institutions ; Mortgages and E50 - Monetary policy, central banking, and the supply of money and credit - General
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