Zobrazeno 1 - 10
of 188
pro vyhledávání: '"James B. Bullard"'
Publikováno v:
Journal of Economic Dynamics and Control. 103:83-101
We study monetary policy when private credit markets are incomplete. The macroeconomy we study has a large private credit market, in which participant households use non-state contingent nominal contracts (NSCNC). A second, small group of households
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e36261dd387299504541b9fbe434999f
https://doi.org/10.1016/j.jedc.2019.03.005
https://doi.org/10.1016/j.jedc.2019.03.005
Autor:
James B. Bullard
Publikováno v:
Business Economics. 53:60-65
The natural real rate of interest has been on a declining path for the past 30 years. I present a regime-switching analysis of the natural rate, which suggests that the current low levels are likely to persist in the near future. I identify a high gl
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b5a60194899963c479df0bf9dc02bcb6
https://doi.org/10.1057/s11369-018-0077-1
https://doi.org/10.1057/s11369-018-0077-1
Autor:
James B. Bullard
Publikováno v:
Review. 100:117-126
The author examines Allan Meltzer?s career in terms of the search of a nominal anchor for the U.S. Inflation targeting has provided a nominal anchor, in line with Meltzer?s view of inflation as a monetary phenomenon.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::964ddf0ad6a81a68b6d1e6a50e9a6d8f
https://doi.org/10.20955/r.2018.117-26
https://doi.org/10.20955/r.2018.117-26
Autor:
Riccardo DiCecio, James B. Bullard
We study nominal GDP targeting as optimal monetary policy in a simple and stylized model with a credit market friction. The macroeconomy we study has considerable income inequality, which gives rise to a large private sector credit market. There is a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::435da83c247aeeaf2d543257f81c2083
https://doi.org/10.20955/wp.2019.009
https://doi.org/10.20955/wp.2019.009
Autor:
James B. Bullard, Aarti Singh
We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2016), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b7c1e21074291f375cc491bf26526086
https://doi.org/10.20955/wp.2017.016
https://doi.org/10.20955/wp.2017.016
Autor:
Stefano Eusepi, James B. Bullard
Publikováno v:
International Economic Review. 55:1-22
Since the introduction of rational expectations, there have been issues with multiple equilibria and equilibrium selection. We study the connections between determinacy of rational expectations equilibrium and learnability of that equilibrium in a ge
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8431a36266e0f0cc28db82d3da95fcca
https://doi.org/10.1111/iere.12039
https://doi.org/10.1111/iere.12039
Autor:
James B. Bullard, Aarti Singh
Publikováno v:
International Economic Review. 53:375-397
We study a stylized theory of the volatility reduction in the U.S. after 1984—the Great Moderation—which attributes part of the stabilization to less volatile shocks and another part to more difficult inference on the part of Bayesian households
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::72d3e314b82e2bd9fb865c085484f98f
https://doi.org/10.1111/j.1468-2354.2012.00685.x
https://doi.org/10.1111/j.1468-2354.2012.00685.x
Publikováno v:
Macroeconomic Dynamics. 14:166-188
We study how the use of judgement or “add-factors?in forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can ex
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::586f433a25d9cc1ef87f45f89f16485e
https://doi.org/10.1017/s1365100509090208
https://doi.org/10.1017/s1365100509090208
Autor:
James B. Bullard
Publikováno v:
Business Economics. 44(2):73-79
The current financial crisis has been the key global economic event since it unfolded in earnest in early August 2007. The Federal Reserve has taken aggressive actions—both conventional and unconventional—to counteract the economic and financial
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::45f7ab1077e8277e21387d2526ed1b58
http://www.palgrave-journals.com/be/journal/v44/n2/full/be20095a.html
http://www.palgrave-journals.com/be/journal/v44/n2/full/be20095a.html
Autor:
Aarti Singh, James B. Bullard
Publikováno v:
Journal of Monetary Economics. 55:S34-S47
We study the interaction of multiple large economies in dynamic stochastic general equilibrium. Each economy has a monetary policymaker that attempts to control the economy through the use of a linear nominal interest rate feedback rule. We show how
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5df0023dd1552f2c3e9867fed99c4ccf
https://doi.org/10.1016/j.jmoneco.2008.07.012
https://doi.org/10.1016/j.jmoneco.2008.07.012