Edward Nelson

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

62

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311

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832

Scholarly Papers (62)

1.
Downloads 814 (57,327)
Citation 40

Monetary Policy and Stagflation in the UK

Bank of England Working Paper No. 155
Number of pages: 43 Posted: 15 Oct 2002
Edward Nelson and Kalin Nikolov
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 798 (58,017)
Citation 21

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Monetary Policy and Stagflation in the UK

Number of pages: 44 Posted: 03 Sep 2002
Edward Nelson and Kalin Nikolov
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 16 (1,031,670)
Citation 3
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Output gap, stagflation, monetary policy rules, great inflation

2.

Milton Friedman and U.S. Monetary History: 1961-2006

FRB of St. Louis Working Paper No. 2007-002B
Number of pages: 52 Posted: 23 Jan 2007
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 602 (84,646)
Citation 1

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Milton Friedman, monetary history, inflation, money supply, interest rates

How Did it Happen?: The Great Inflation of the 1970s and Lessons for Today

FEDS Working Paper No. 2022-37
Number of pages: 44 Posted: 07 Jun 2022
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 409 (133,858)
Citation 1

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Great Inflation, Phillips curve, Monetary policy doctrine, Monetary policy strategy

How Did it Happen? The Great Inflation of the 1970s and Lessons for Today

Number of pages: 33 Posted: 04 Oct 2023
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 28 (906,362)

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Great Inflation, monetary view of inflation, Phillips curve, economic policy doctrine

4.

The Great Inflation of the Seventies: What Really Happened?

FRB of St. Louis Working Paper No. 2004-001A
Number of pages: 52 Posted: 29 Jul 2005
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 437 (125,218)
Citation 25

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5.

Monetary Policy Neglect and the Great Inflation in Canada, Australia, and New Zealand

FRB of St. Louis Working Paper No. 2004-008A
Number of pages: 54 Posted: 29 Jul 2005
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 375 (149,040)
Citation 2

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Great inflation, monetary policy, Canada, Australia, New Zealand

6.

Money and Inflation: Some Critical Issues

FEDS Working Paper No. 2010-57
Number of pages: 80 Posted: 15 Nov 2011
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 368 (152,204)
Citation 12

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Monetary aggregates, inflation, interest rates, monetary policy

The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's 'Who Was Milton Friedman?'

FRB of St. Louis Working Paper No. 2007-048D
Number of pages: 45 Posted: 31 Oct 2007
Edward Nelson and Anna J. Schwartz
Board of Governors of the Federal Reserve System and City University of New York (CUNY)
Downloads 297 (190,319)

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monetarism, New Keynesian economics, inflation, price controls, Great Depression

The Impact of Milton Friedman on Modern Monetary Economics: Setting the Record Straight on Paul Krugman's "Who Was Milton Friedman?"

NBER Working Paper No. w13546
Number of pages: 41 Posted: 31 Oct 2007 Last Revised: 08 Jul 2022
Edward Nelson and Anna J. Schwartz
Board of Governors of the Federal Reserve System and City University of New York (CUNY)
Downloads 68 (626,833)
Citation 4

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8.

An Estimated DSGE Model for the United Kingdom

Number of pages: 30 Posted: 01 Mar 2007
Riccardo DiCecio and Edward Nelson
Federal Reserve Bank of St. Louis - Research Division and Board of Governors of the Federal Reserve System
Downloads 300 (189,483)
Citation 4

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United Kingdom economy, DSGE models, monetary policy regime

The Great Inflation and Early Disinflation in Japan and Germany

Number of pages: 51 Posted: 18 Sep 2007
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 133 (398,379)

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Japan, Germany, Great Inflation, monetary targeting, incomes policy

The Great Inflation and Early Disinflation in Japan and Germany

FRB of St. Louis Working Paper No. 2006-052B
Number of pages: 50 Posted: 18 Sep 2006
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 122 (425,945)

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Japan, Germany, Great Inflation, monetary targeting, incomes policy

The Great Inflation and Early Disinflation in Japan and Germany

CEPR Discussion Paper No. DP6156
Number of pages: 51 Posted: 19 May 2008
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 2 (1,172,377)
Citation 1
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Germany, Great Inflation, incomes policy, Japan, monetary targeting

Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique

Federal Reserve Bank of St. Louis Working Paper No. 2008-013A
Number of pages: 22 Posted: 07 May 2008
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 139 (384,618)
Citation 4

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money growth, inflation, interest rates, steady state

Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique

FRB of St. Louis Working Paper No. 2008-013C
Number of pages: 34 Posted: 05 Aug 2008 Last Revised: 09 Sep 2008
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 95 (511,363)
Citation 6

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money growth, inflation, interest rates, steady state

Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences

FRB of St. Louis Working Paper No. 2006-010A
Number of pages: 36 Posted: 13 Mar 2006
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 177 (313,498)

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Fiscal theory of the price level, quantity theory, monetarism, monetary-fiscal policy coordination

Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences

NBER Working Paper No. w12089
Number of pages: 36 Posted: 11 May 2006 Last Revised: 26 Dec 2022
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 51 (724,800)
Citation 2

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Monetary and Fiscal Theories of the Price Level: The Irreconcilable Differences

Oxford Review of Economic Policy, Vol. 21, Issue 4, pp. 565-583, 2005
Posted: 29 Feb 2008
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System

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12.

U.K. Inflation Targeting and the Exchange Rate

FRB of St. Louis Working Paper No. 2006-030A
Number of pages: 22 Posted: 09 May 2006
Christopher Allsopp, Amit Kara and Edward Nelson
University of Oxford - Department of Economics, Bank of England - Monetary Policy Committee and Board of Governors of the Federal Reserve System
Downloads 222 (255,555)

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inflation targeting, exchange rate, intermediate goods, United Kingdom

13.

The U.K.'s Rocky Road to Stability

FRB of St. Louis Working Paper No. 2005-020A
Number of pages: 116 Posted: 29 Jul 2005
Nicoletta Batini and Edward Nelson
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 213 (265,613)

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U.K. monetary policy, U.K. fiscal policy, inflation, instruments of monetary policy

14.

Optimal Horizons for Inflation Targeting

The Bank of England Working Paper No. 119
Number of pages: 35 Posted: 25 Sep 2000
Nicoletta Batini and Edward Nelson
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 203 (277,601)
Citation 15

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15.

Direct Effects of Base Money on Aggregate Demand: Theory and Evidence

Bank of England Working Paper No. 122
Number of pages: 41 Posted: 12 Oct 2000
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 196 (286,605)
Citation 22

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Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model

NBER Working Paper No. w14894
Number of pages: 35 Posted: 20 Apr 2009 Last Revised: 12 Sep 2022
Riccardo DiCecio and Edward Nelson
Federal Reserve Bank of St. Louis - Research Division and Board of Governors of the Federal Reserve System
Downloads 154 (353,873)

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Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model

Federal Reserve Bank of St. Louis Working Paper Series No. 2009-012A
Number of pages: 35 Posted: 01 Apr 2009
Riccardo DiCecio and Edward Nelson
Federal Reserve Bank of St. Louis - Research Division and Board of Governors of the Federal Reserve System
Downloads 41 (795,793)
Citation 1

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U.K. monetary policy, euro area, EMU, five economic tests

17.

When the Bubble Bursts: Monetary Policy Rules and Foreign Exchange Market Behavior

Number of pages: 44 Posted: 17 Jan 2017
Nicoletta Batini and Edward Nelson
International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 159 (344,231)
Citation 20

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Bubbles, monetary policy rules, foreign exchange market

18.

Reaffirming the Influence of Milton Friedman on U.K. Economic Policy

FEDS Working Paper No. 2017-096
Number of pages: 56 Posted: 26 Sep 2017
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 154 (353,663)

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Incomes policy, Milton Friedman, Monetarism, U.K. economic policy

19.

Milton Friedman and U.K. Economic Policy: 1938-1979

Number of pages: 150 Posted: 13 Apr 2009
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 148 (365,260)
Citation 2

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Milton Friedman, U.K. economic policy, inflation, monetarism, monetary aggregates, interest rates, role of government

20.

Sticky-Price Models and the Natural Rate Hypothesis

FRB of St. Louis Working Paper No. 2005-018A
Number of pages: 36 Posted: 29 Jul 2005
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 146 (369,385)
Citation 14

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21.

Friedman's Monetary Economics in Practice

FEDS Working Paper No. 2011-26
Number of pages: 47 Posted: 19 May 2011 Last Revised: 15 Nov 2011
Edward Nelson and Michelle T. Hutton
Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 130 (404,533)
Citation 2

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Milton Friedman, financial crisis, monetary aggregates, credit

22.

Milton Friedman and the Debate on Indexation

Number of pages: 26 Posted: 22 Aug 2018
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 121 (426,917)
Citation 4

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Milton Friedman, Indexation, Disinflation, Credibility, Output Gap

Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area

FRB of St. Louis Working Paper No. 2007-005C, Banco de Espana Working Paper No. 0805
Number of pages: 45 Posted: 28 Feb 2007
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 104 (480,461)
Citation 1

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money, natural rate of interest, New Keynesian models

Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area

CEPR Discussion Paper No. DP6812
Number of pages: 47 Posted: 12 Jun 2008
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 7 (1,127,667)
Citation 9
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money, natural rate, New Keynesian models

24.

An Optimizing Is-Lm Specification for Monetary Policy and Business Cycle Analysis

NBER Working Paper No. w5875
Number of pages: 54 Posted: 13 Jul 2000 Last Revised: 23 Jul 2022
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 111 (455,446)
Citation 1

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25.

Milton Friedman and the Cold War, 1950-1968: McCarthyism, Foreign Aid, and the Soviet Economy

Number of pages: 32 Posted: 09 Feb 2023
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 106 (470,792)

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Milton Friedman, Cold War, McCarthyism, Foreign Economic Aid, Soviet Economy

26.

The Federal Reserve's Large-Scale Asset Purchase Programs: Rationale and Effects

FEDS Working Paper No. 2012-85
Number of pages: 58 Posted: 08 Jan 2013
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 106 (470,792)
Citation 15

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large-scale asset purchases, history of unconventional monetary policy, monetary transmission mechanism, longer-term interest rates, preferred habitat, duration channel

27.

Seven Fallacies Concerning Milton Friedman's 'The Role of Monetary Policy'

Number of pages: 27 Posted: 23 Feb 2018 Last Revised: 29 Mar 2019
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 104 (477,399)

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Milton Friedman, Phillips curve, natural rate hypothesis, price stickiness, zero lower bound, Fisher effect, liquidity effect.

28.

The Emergence of Forward Guidance As a Monetary Policy Tool

Number of pages: 58 Posted: 18 Feb 2021 Last Revised: 18 Jun 2021
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 103 (480,595)

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Forward guidance, monetary policy tools, monetary policy strategy, interest-rate forecasts, interest-rate lower bound, Federal Open Market Committee, Federal Reserve

Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices

Number of pages: 36 Posted: 16 Mar 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 69 (621,883)

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Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices

Number of pages: 39 Posted: 17 Apr 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 32 (869,737)
Citation 6
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Exchange rates and inflation, monetary policy rules, new open economy macroeconomics

30.

Trend Inflation in Advanced Economies

FEDS Working Paper No. 2013-74
Number of pages: 49 Posted: 31 May 2017
Christine Garnier, Elmar Mertens and Edward Nelson
Harvard University, Deutsche Bundesbank and Board of Governors of the Federal Reserve System
Downloads 98 (496,935)
Citation 4

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31.

The Money View Versus the Credit View

FEDS Working Paper No. 2018-042
Number of pages: 33 Posted: 29 Jun 2018 Last Revised: 21 Feb 2019
Sarah S. Baker, David Lopez-Salido and Edward Nelson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 95 (507,138)

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Credit view, Money view, Recessions, Financial crises

32.

An Overhaul of Doctrine: The Underpinning of U.K. Inflation Targeting

FRB of St. Louis Working Paper No. 2007/026D
Number of pages: 52 Posted: 11 Jul 2007
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 89 (528,471)
Citation 1

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United Kingdom monetary policy, inflation, policy objectives, doctrine

33.

The Continuing Validity of Monetary Policy Autonomy Under Floating Exchange Rates

FEDS Working Paper No. 2017-112
Number of pages: 32 Posted: 05 Dec 2017
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 88 (532,208)
Citation 2

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Monetary policy autonomy, Trilemma, Floating exchange rates, Inflation targeting

34.

Seven Fallacies Concerning Milton Friedman's "the Role of Monetary Policy"

FEDS Working Paper No. 2018-013
Number of pages: 21 Posted: 20 Feb 2018 Last Revised: 29 Apr 2020
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 83 (551,584)
Citation 3

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Fisher effect, Milton Friedman, Phillips curve, Liquidity effect, Natural rate hypothesis, Price stickiness, Zero lower bound

35.

Targeting vs. Instrument Rules for Monetary Policy

NBER Working Paper No. w10612
Number of pages: 33 Posted: 26 Jul 2004 Last Revised: 01 Jan 2023
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 82 (555,599)
Citation 7

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The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes

FRB of St. Louis Working Paper No. 2009-015B
Number of pages: 60 Posted: 08 Apr 2009 Last Revised: 29 Nov 2009
Riccardo DiCecio and Edward Nelson
Federal Reserve Bank of St. Louis - Research Division and Board of Governors of the Federal Reserve System
Downloads 44 (773,190)
Citation 2

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Great Inflation, doctrine, world inflation, nonmonetary theories of inflation

The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes

NBER Working Paper No. w14895
Number of pages: 58 Posted: 20 Apr 2009 Last Revised: 14 Sep 2022
Riccardo DiCecio and Edward Nelson
Federal Reserve Bank of St. Louis - Research Division and Board of Governors of the Federal Reserve System
Downloads 34 (852,411)

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37.

The Correlation Between Money and Output in the United Kingdom: Resolution of a Puzzle

FEDS Working Paper No. 2012-29
Number of pages: 59 Posted: 10 May 2012
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 76 (580,766)
Citation 1

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Money/output correlation, monetary aggregates, U.K. interwar depression

38.

Ireland and Switzerland: The Jagged Edges of the Great Inflation

FRB of St. Louis Working Paper No. 2006-016A
Number of pages: 67 Posted: 12 Apr 2006
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 74 (589,532)
Citation 2

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Ireland, Switzerland, Great Inflation, wage and price controls

39.

Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy

FRB of St. Louis Working Paper No. 2008-035A
Number of pages: 38 Posted: 12 Oct 2008
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 65 (631,779)
Citation 11

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macroeconometric equivalence, alternative microfoundations, Ramsey optimal monetary policy, welfare analysis

40.

Karl Brunner and U.K. Monetary Debate

Number of pages: 74 Posted: 22 Oct 2018 Last Revised: 30 Sep 2020
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 61 (652,365)

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Karl Brunner, monetarism, monetary base control, transmission mechanism, U.K. monetary policy

41.

UK Monetary Policy 1972-97: A Guide Using Taylor Rules

Number of pages: 29 Posted: 04 Sep 2001
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 57 (674,043)
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Taylor rules, interest rate rules, inflation, UK monetary policy

42.

Timeless Perspectives vs. Discretionary Monetary Policy in Forward-Looking Models

NBER Working Paper No. w7915
Number of pages: 35 Posted: 28 Sep 2000 Last Revised: 19 Aug 2022
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 52 (702,993)

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43.

The Monetary Base in Allan Meltzer's Analytical Framework

Number of pages: 22 Posted: 02 Aug 2018 Last Revised: 11 Jan 2019
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 50 (715,459)
Citation 3

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monetary base, money supply, transmission mechanism, monetarism

44.

Nominal Income Targeting in an Open-Economy Optimizing Model

NBER Working Paper No. w6675
Number of pages: 42 Posted: 04 Sep 1998 Last Revised: 29 Sep 2022
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 47 (734,523)
Citation 16

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45.

Karl Brunner and U.K. Monetary Debate

FEDS Working Paper No. 2019-004
Number of pages: 69 Posted: 06 Feb 2019 Last Revised: 21 Feb 2019
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 46 (740,970)

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Karl Brunner, U.K. monetary policy, Monetarism, Monetary base control, Transmission mechanism

46.

Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model

NBER Working Paper No. w6599
Number of pages: 56 Posted: 19 Jul 2000 Last Revised: 15 Jul 2022
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 45 (747,791)
Citation 5

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47.

A Review of Allan Meltzer's 'A History of the Federal Reserve, Volume 2'

Allan Meltzer, A HISTORY OF THE FEDERAL RESERVE, Vol. 2, University of Chicago Press, London, 2009, FEDS Working Paper No. 2011-59
Number of pages: 25 Posted: 04 Jan 2012
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 40 (783,195)

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Federal Reserve history, financial crisis, Allan Meltzer, Great Inflation

48.

The Monetary Base in Allan Meltzer's Analytical Framework

FEDS Working Paper No. 2019-001
Number of pages: 23 Posted: 04 Feb 2019 Last Revised: 21 Feb 2019
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 35 (821,008)
Citation 1

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Monetarism, Monetary base, Money supply, Transmission mechanism

49.

The Real Interest Rate Gap as an Inflation Indicator

Number of pages: 53 Posted: 26 Jun 2001
Katharine S. Neiss and Edward Nelson
Bank of England - Monetary Analysis and Board of Governors of the Federal Reserve System
Downloads 35 (821,008)
Citation 10
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Natural interest rate, monetary policy, inflation, output gap, real interest rate gap

50.

Timeless Perspective vs. Discretionary Monetary Policy in Forward-Looking Models

Number of pages: 42 Posted: 17 Apr 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Board of Governors of the Federal Reserve System
Downloads 32 (845,540)
Citation 3
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Discretion, expectations, policymaking, rules

51.

The Challenge in 2000-2009 to Phillips-Curve-Based Accounts of U.K. Economic Policy

Number of pages: 16 Posted: 14 May 2023 Last Revised: 21 Jun 2023
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 23 (926,761)

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U.K. monetary policy, Phillips curve, Great Inflation, nonmonetary approach to inflation

52.

Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium

Number of pages: 54 Posted: 12 May 2004
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 22 (936,482)
Citation 24
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Transmission mechanism, imperfect asset substitution, monetary policy, term structure

53.

Money and the Transmission Mechanism in the Optimizing Is-Lm Specification

Number of pages: 49 Posted: 17 Jul 2003
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 22 (936,482)
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Money, monetary policy, optimizing IS-LM specification, transmission mechanism

54.

What Does the Uk's Monetary Policy and Inflation Experience Tell Us About the Transmission Mechanism?

Number of pages: 36 Posted: 27 Nov 2001
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 22 (936,482)
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UK Monetary policy, great inflation, Taylor rule, transmission mechanism

55.

UK Inflation in the 1970s and 1980s: The Role of Output Gap Mismeasurement

Number of pages: 53 Posted: 29 Oct 2001
Edward Nelson and Kalin Nikolov
Board of Governors of the Federal Reserve System and European Central Bank (ECB)
Downloads 21 (946,396)
Citation 4
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Output gap, potential output, great inflation, Taylor rule, UK monetary policy, interest rate rules, real-time data, inflation targeting

56.

The Exchange Rate and Inflation in the UK

Number of pages: 42 Posted: 04 Apr 2003
Amit Kara and Edward Nelson
Bank of England - Monetary Policy Committee and Board of Governors of the Federal Reserve System
Downloads 20 (956,604)
Citation 1
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CPI inflation targeting, monetary policy rules, exchange-rate pass-through, intermediate goods, UK inflation

57.

The Emergence of Forward Guidance As a Monetary Policy Tool

FEDS Working Paper No. 2021-033
Number of pages: 59 Posted: 14 Jun 2021
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 16 (997,777)

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58.

News-Magazine Monetarism

Number of pages: 27 Posted: 27 Sep 2002
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 16 (997,777)
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Monetary aggregates, monetary policy shocks, output gap

59.

The Future of Monetary Aggregates in Monetary Policy Analysis

Number of pages: 44 Posted: 26 Jun 2003
Edward Nelson
Board of Governors of the Federal Reserve System
Downloads 15 (1,008,342)
Citation 5
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Money, inflation, monetary aggregates, Taylor rules, transmission mechanism

60.

The Federal Reserves Large-Scale Asset Purchase Programs: Rationale and Effects

CEPR Discussion Paper No. DP9145
Number of pages: 60 Posted: 28 Sep 2012
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 12 (1,038,950)
Citation 23
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CUSIP-level data, history of unconventional monetary policy, large-scale asset purchases, monetary transmission mechanism

61.

Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound

CEPR Discussion Paper No. DP7581
Number of pages: 52 Posted: 11 Jan 2010
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 9 (1,068,024)
Citation 12
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Forward Guidance, Optimal Policy under Commitment, Zero Lower Bound

62.

The Money View Versus the Credit View

CEPR Discussion Paper No. DP12982
Number of pages: 35 Posted: 11 Jun 2018
David Lopez-Salido, Sarah S. Baker and Edward Nelson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 4 (1,111,062)
Citation 1
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credit view, Financial crises, money view, Recessions