Author Page for Michael Woodford

1.

Credit Frictions and Optimal Monetary Policy

Downloads 727 ( 31,137)

Citation 69

4

Credit Frictions and Optimal Monetary Policy

BIS Working Paper No. 278

Number of pages: 78 Posted: 30 Jul 2009

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 467 (54,740)

Citation 69

Abstract:

Credit Frictions and Optimal Monetary Policy

National Bank of Belgium Working Paper No. 146

Number of pages: 108 Posted: 03 Oct 2010

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 191 (146,390)

Citation 69

Abstract:

Credit Frictions and Optimal Monetary Policy

Number of pages: 100 Posted: 06 Feb 2013

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 58 (344,694)

Citation 69

Abstract:

Credit Frictions and Optimal Monetary Policy

NBER Working Paper No. w21820

Number of pages: 76 Posted: 21 Dec 2015 Last Revised: 01 Jan 2016

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 11 (557,927)

Citation 55

Abstract:

2.

Conventional and Unconventional Monetary Policy

Downloads 579 ( 42,112)

Citation 20

2

Conventional and Unconventional Monetary Policy

FRB of New York Staff Report No. 404

Number of pages: 65 Posted: 13 Nov 2009

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 567 (42,689)

Citation 20

Abstract:

Conventional and Unconventional Monetary Policy

CEPR Discussion Paper No. DP7514

Number of pages: 66 Posted: 17 Nov 2009

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 12 (551,837)

Citation 20

Add to Cart

Abstract:

3.

Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach

Downloads 349 ( 78,310)

Citation 84

3

Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach

FRB International Finance Discussion Paper No. 806

Number of pages: 73 Posted: 29 May 2004

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 182 (152,959)

Citation 84

Abstract:

Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach

ECB Working Paper No. 345

Number of pages: 83 Posted: 30 Nov 2004

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 145 (186,610)

Citation 84

Abstract:

Optimal Monetary and Fiscal Policy: A Linear Quadratic Approach

NBER Working Paper No. w9905

Number of pages: 70 Posted: 19 Aug 2003 Last Revised: 04 Nov 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 22 (490,454)

Citation 84

Abstract:

4.

Price Level Determinacy Without Control of a Monetary Aggregate

NBER Working Paper No. w5204

Number of pages: 42 Posted: 25 May 2006 Last Revised: 23 Sep 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 342 (80,183)

Citation 105

Abstract:

5.

Financial Market Efficiency and the Effectiveness of Monetary Policy

Economic Policy Review, Vol. 8, No. 1, May 2002

Number of pages: 10 Posted: 26 Oct 2005

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 339 (81,007)

Citation 3

Abstract:

6.

Inflation Forecasts and Monetary Policy

NBER Working Paper No. w6157

Number of pages: 66 Posted: 12 Sep 2000

Ben S. Bernanke and Michael Woodford

Board of Governors of the Federal Reserve System and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 205 (137,024)

Citation 123

Abstract:

7.

The Central-Bank Balance Sheet as an Instrument of Monetary Policy

Downloads 187 (149,317)

Citation 18

2

The Central-Bank Balance Sheet as an Instrument of Monetary Policy

FRB of New York Staff Report No. 463

Number of pages: 82 Posted: 01 Aug 2010

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 127 (207,680)

Citation 18

Abstract:

The Central-Bank Balance Sheet as an Instrument of Monetary Policy

NBER Working Paper No. w16208

Number of pages: 82 Posted: 26 Jul 2010

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 60 (335,955)

Citation 18

Abstract:

8.

Credit Spreads and Monetary Policy

Downloads 136 (196,009)

Citation 68

2

Credit Spreads and Monetary Policy

FRB of New York Staff Report No. 385

Number of pages: 62 Posted: 02 Sep 2009

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 90 (265,617)

Citation 68

Abstract:

Credit Spreads and Monetary Policy

NBER Working Paper No. w15289

Number of pages: 62 Posted: 31 Aug 2009 Last Revised: 02 Oct 2009

Vasco Cúrdia and Michael Woodford

Federal Reserve Bank of San Francisco and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 46 (380,531)

Citation 60

Abstract:

9.

Indicator Variables for Optimal Policy

Downloads 116 (221,475)

Citation 80

2

Indicator Variables for Optimal Policy

ECB Working Paper No. 12

Number of pages: 47 Posted: 02 Dec 2002

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 89 (267,524)

Citation 80

Abstract:

Indicator Variables for Optimal Policy

NBER Working Paper No. w7953

Number of pages: 46 Posted: 12 Oct 2000 Last Revised: 19 Oct 2010

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 27 (461,533)

Citation 80

Abstract:

10.

Control of the Public Debt: A Requirement for Price Stability?

NBER Working Paper No. w5684

Number of pages: 39 Posted: 18 Nov 1996 Last Revised: 03 Oct 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 109 (231,694)

Citation 134

Abstract:

11.

The Cyclical Behavior of Prices and Costs

NBER Working Paper No. w6909

Number of pages: 117 Posted: 17 Jun 1999 Last Revised: 16 May 2000

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 107 (234,786)

Citation 125

Abstract:

12.

Central Bank Communication and Policy Effectiveness

NBER Working Paper No. w11898

Number of pages: 67 Posted: 05 Feb 2006 Last Revised: 07 Jul 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 99 (247,792)

Citation 81

Abstract:

13.

An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version

NBER Working Paper No. t0233

Number of pages: 69 Posted: 13 Jul 2000 Last Revised: 23 Aug 2010

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 97 (251,130)

Citation 512

Abstract:

14.

Optimal Monetary Policy in a Liquidity Trap

NBER Working Paper No. w9968

Number of pages: 79 Posted: 21 Sep 2003 Last Revised: 05 Nov 2010

Gauti B. Eggertsson and Michael Woodford

Federal Reserve Bank of New York and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 96 (252,856)

Citation 37

Abstract:

15.

Risk Aversion as a Perceptual Bias

Downloads 95 (254,593)

3

Risk Aversion as a Perceptual Bias

CESifo Working Paper Series No. 6416

Number of pages: 47 Posted: 08 May 2017

Mel Win Khaw, Ziang Li and Michael Woodford

Columbia University, Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 70 (309,262)

Abstract:

Risk Aversion as a Perceptual Bias

NBER Working Paper No. w23294

Number of pages: 47 Posted: 05 Apr 2017

Mel Win Khaw, Ziang Li and Michael Woodford

Columbia University, Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 25 (472,827)

Add to Cart

Abstract:

Risk Aversion as a Perceptual Bias

CEPR Discussion Paper No. DP11929

Number of pages: 49 Posted: 27 Mar 2017

Mel Win Khaw, Ziang Li and Michael Woodford

Columbia University, Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0

Add to Cart

Abstract:

16.

Monetary Policy in a World Without Money

NBER Working Paper No. w7853

Number of pages: 47 Posted: 20 Aug 2000

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 86 (271,070)

Citation 41

Abstract:

17.

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

Downloads 83 (277,103)

2

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

Institute for New Economic Thinking Working Paper Series No. 18

Number of pages: 94 Posted: 02 Oct 2015

Michael Woodford and Mariana Garcia-Schmidt

Columbia University, Graduate School of Arts and Sciences, Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics, Students

Downloads 76 (294,962)

Abstract:

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

NBER Working Paper No. w21614

Number of pages: 94 Posted: 06 Oct 2015

Mariana García-Schmidt and Michael Woodford

Central Bank of Chile and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 7 (582,051)

Abstract:

18.

Imperfect Common Knowledge and the Effects of Monetary Policy

NBER Working Paper No. w8673

Number of pages: 46 Posted: 20 Dec 2001 Last Revised: 25 Oct 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 77 (289,729)

Citation 90

Abstract:

19.

Fiscal Requirements for Price Stability

NBER Working Paper No. w8072

Number of pages: 80 Posted: 05 Jan 2001 Last Revised: 20 Oct 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 70 (305,808)

Citation 96

Abstract:

20.

Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets

NBER Working Paper No. w4502

Number of pages: 63 Posted: 17 May 2001 Last Revised: 29 Jul 2001

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 69 (308,275)

Citation 77

Abstract:

21.

Simple Analytics of the Government Expenditure Multiplier

Downloads 67 (313,154)

Citation 45

2

Simple Analytics of the Government Expenditure Multiplier

NBER Working Paper No. w15714

Number of pages: 46 Posted: 01 Feb 2010 Last Revised: 25 Jun 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 63 (327,613)

Citation 43

Abstract:

Simple Analytics of the Government Expenditure Multiplier

CEPR Discussion Paper No. DP7704

Number of pages: 53 Posted: 01 Mar 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 4 (600,203)

Citation 45

Add to Cart

Abstract:

22.

Optimal Monetary Policy Inertia

NBER Working Paper No. w7261

Number of pages: 109 Posted: 07 Feb 2000 Last Revised: 05 May 2000

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 67 (313,154)

Citation 236

Abstract:

23.

Linear-Quadratic Approximation of Optimal Policy Problems

Downloads 64 (320,815)

Citation 32

2

Linear-Quadratic Approximation of Optimal Policy Problems

NBER Working Paper No. w12672

Number of pages: 73 Posted: 20 Nov 2006 Last Revised: 18 Aug 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 46 (380,531)

Citation 32

Abstract:

Linear-Quadratic Approximation of Optimal Policy Problems

CEPR Discussion Paper No. 5964

Number of pages: 71 Posted: 05 Jan 2007

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 18 (514,866)

Citation 32

Add to Cart

Abstract:

24.

Implementing Optimal Policy Through Inflation-Forecast Targeting

Downloads 60 (331,426)

Citation 141

2

Implementing Optimal Policy Through Inflation-Forecast Targeting

NBER Working Paper No. w9747

Number of pages: 71 Posted: 09 Jun 2003 Last Revised: 03 Nov 2010

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 33 (432,116)

Citation 141

Abstract:

Implementing Optimal Policy Through Inflation-Forecast Targeting

CEPR Discussion Paper No. 4229

Number of pages: 72 Posted: 27 Feb 2004

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 27 (461,533)

Citation 141

Add to Cart

Abstract:

25.

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity

Downloads 58 (336,931)

2

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity

NBER Working Paper No. w5634

Number of pages: 43 Posted: 07 Sep 2000 Last Revised: 07 Nov 2014

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 58 (341,736)

Citation 69

Abstract:

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity

JOURNAL OF MONEY, CREDIT, AND BANKING, Vol. 28, No. 4, Part 1, November 1996

Posted: 11 May 1998

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Abstract:

26.

Globalization and Monetary Control

Downloads 57 (339,770)

Citation 20

2

Globalization and Monetary Control

NBER Working Paper No. w13329

Number of pages: 78 Posted: 24 Aug 2007

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 53 (357,332)

Citation 20

Abstract:

Globalization and Monetary Control

CEPR Discussion Paper No. DP6448

Number of pages: 80 Posted: 30 May 2008

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 4 (600,203)

Citation 20

Add to Cart

Abstract:

27.

Inflation Targeting and Financial Stability

NBER Working Paper No. w17967

Number of pages: 35 Posted: 06 Apr 2012

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 51 (357,890)

Citation 14

Abstract:

28.

Interest-Rate Rules in an Estimated Sticky Price Model

NBER Working Paper No. w6618

Number of pages: 92 Posted: 15 Sep 2000 Last Revised: 10 Oct 2010

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 51 (357,890)

Citation 218

Abstract:

29.

Doing Without Money: Controlling Inflation in a Post-Monetary World

NBER Working Paper No. w6188

Number of pages: 64 Posted: 17 Aug 2000

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 51 (357,890)

Citation 36

Abstract:

30.

Optimal Taxation in an RBC Model: A Linear-Quadratic Approach

Downloads 47 (370,509)

Citation 16

2

Optimal Taxation in an RBC Model: A Linear-Quadratic Approach

NBER Working Paper No. w11029

Number of pages: 58 Posted: 02 Feb 2005 Last Revised: 22 Aug 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 34 (427,769)

Citation 16

Abstract:

Optimal Taxation in an RBC Model: A Linear-Quadratic Approach

CEPR Discussion Paper No. 4764

Number of pages: 59 Posted: 15 Feb 2005

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 13 (545,533)

Citation 16

Add to Cart

Abstract:

31.

Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State

Downloads 46 (373,796)

Citation 16

2

Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State

NBER Working Paper No. w10839

Number of pages: 55 Posted: 27 Oct 2004 Last Revised: 15 Aug 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 31 (441,184)

Citation 16

Abstract:

Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State

CEPR Discussion Paper No. 4740

Number of pages: 77 Posted: 31 Jan 2005

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 15 (533,119)

Citation 16

Add to Cart

Abstract:

32.

Optimal Interest-Rate Rules: I. General Theory

NBER Working Paper No. w9419

Number of pages: 71 Posted: 10 Jan 2003 Last Revised: 31 Oct 2010

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 46 (373,796)

Citation 77

Abstract:

33.

Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics

NBER Working Paper No. w4241

Number of pages: 44 Posted: 27 Apr 2000 Last Revised: 13 Aug 2010

Peter Bak, Kan Chen, Jose A. Scheinkman and Michael Woodford

National Bureau of Economic Research (NBER), National Bureau of Economic Research (NBER), Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 45 (377,165)

Citation 20

Abstract:

34.

How Important is Money in the Conduct of Monetary Policy?

Downloads 44 (380,497)

Citation 47

2

How Important is Money in the Conduct of Monetary Policy?

NBER Working Paper No. w13325

Number of pages: 53 Posted: 24 Aug 2007 Last Revised: 19 Oct 2007

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 40 (402,729)

Citation 47

Abstract:

How Important is Money in the Conduct of Monetary Policy?

CEPR Discussion Paper No. DP6211

Number of pages: 55 Posted: 22 May 2008

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 4 (600,203)

Citation 47

Add to Cart

Abstract:

35.

Optimal Inflation Targeting Rules

NBER Working Paper No. w9939

Number of pages: 86 Posted: 01 Sep 2003 Last Revised: 05 Nov 2010

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 44 (380,497)

Citation 63

Abstract:

36.

Optimal Monetary Stabilization Policy

NBER Working Paper No. w16095

Number of pages: 131 Posted: 21 Jun 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 43 (384,016)

Citation 9

Abstract:

37.

Optimal Interest-Rate Rules: Ii. Applications

NBER Working Paper No. w9420

Number of pages: 102 Posted: 20 Jul 2003 Last Revised: 31 Oct 2010

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 43 (384,016)

Citation 49

Abstract:

38.

Inflation Stabilization and Welfare

NBER Working Paper No. w8071

Number of pages: 53 Posted: 05 Jan 2001 Last Revised: 20 Oct 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 42 (387,526)

Citation 77

Abstract:

39.

Cyclical Markups: Theories and Evidence

NBER Working Paper No. w3534

Number of pages: 43 Posted: 11 Apr 2004 Last Revised: 30 Aug 2010

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 39 (398,265)

Citation 3

Abstract:

40.

Optimal Target Criteria for Stabilization Policy

Downloads 38 (402,102)

Citation 8

3

Optimal Target Criteria for Stabilization Policy

FRB of New York Staff Report No. 535

Number of pages: 77 Posted: 22 Jan 2012

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 20 (502,776)

Citation 8

Abstract:

Optimal Target Criteria for Stabilization Policy

NBER Working Paper No. w15757

Number of pages: 76 Posted: 22 Feb 2010 Last Revised: 23 Jul 2010

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 14 (539,348)

Citation 8

Abstract:

Optimal Target Criteria for Stabilization Policy

CEPR Discussion Paper No. DP7719

Number of pages: 87 Posted: 09 Mar 2010

Marc P. Giannoni and Michael Woodford

Federal Reserve Banks - Federal Reserve Bank of Dallas and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 4 (600,203)

Citation 8

Add to Cart

Abstract:

41.

Firm-Specific Capital and the New-Keynesian Phillips Curve

NBER Working Paper No. w11149

Number of pages: 48 Posted: 16 Mar 2005

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 38 (402,102)

Citation 40

Abstract:

42.

Monetary Policy in the Information Economy

NBER Working Paper No. w8674

Number of pages: 70 Posted: 20 Dec 2001 Last Revised: 25 Oct 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 37 (406,031)

Citation 34

Abstract:

43.

Robustly Optimal Monetary Policy with Near Rational Expectations

Downloads 36 (410,088)

2

Robustly Optimal Monetary Policy with Near Rational Expectations

NBER Working Paper No. w11896

Number of pages: 48 Posted: 05 Feb 2006 Last Revised: 05 Jul 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 36 (419,248)

Citation 23

Abstract:

Robustly Optimal Monetary Policy With Near-Rational Expectations

CFS Working Paper No. 2007/12

Posted: 08 Mar 2007

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Abstract:

44.

Inflation Stabilization and Welfare: The Case of a Distorted Steady State

NBER Working Paper No. w10838

Number of pages: 63 Posted: 27 Oct 2004 Last Revised: 14 Aug 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 36 (410,088)

Citation 67

Abstract:

45.

Optimal Monetary and Fiscal Policy in a Liquidity Trap

NBER Working Paper No. w10840

Number of pages: 63 Posted: 15 Aug 2012

Gauti B. Eggertsson and Michael Woodford

Federal Reserve Bank of New York and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 33 (422,041)

Citation 28

Abstract:

46.

Quantitative Easing and Financial Stability

Downloads 32 (426,152)

2

Quantitative Easing and Financial Stability

NBER Working Paper No. w22285

Number of pages: 85 Posted: 01 Jun 2016

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 29 (450,991)

Abstract:

Quantitative Easing and Financial Stability

CEPR Discussion Paper No. DP11287

Number of pages: 86 Posted: 24 May 2016

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 3 (607,221)

Add to Cart

Abstract:

47.

Macroeconomic Analysis Without the Rational Expectations Hypothesis

NBER Working Paper No. w19368

Number of pages: 83 Posted: 30 Aug 2013

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 32 (426,152)

Citation 2

Abstract:

48.

Information-Constrained State-Dependent Pricing

NBER Working Paper No. w14620

Number of pages: 57 Posted: 15 Jan 2009 Last Revised: 15 Jul 2009

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 32 (426,152)

Citation 43

Abstract:

49.

Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity

NBER Working Paper No. w3206

Number of pages: 61 Posted: 17 Oct 2007 Last Revised: 21 May 2008

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 32 (426,152)

Citation 118

Abstract:

50.

Indicator Variables for Optimal Policy Under Asymmetric Information

NBER Working Paper No. w8255

Number of pages: 29 Posted: 29 Apr 2001 Last Revised: 21 Oct 2010

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 30 (434,822)

Citation 69

Abstract:

51.

Loan Commitments and Optimal Monetary Policy

NBER Working Paper No. w5660

Number of pages: 33 Posted: 21 Oct 1996 Last Revised: 14 May 2000

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 29 (439,413)

Citation 11

Abstract:

52.

Optimal Inflation Targeting Under Alternative Fiscal Regimes

NBER Working Paper No. w12158

Number of pages: 42 Posted: 18 May 2006 Last Revised: 22 Sep 2010

Pierpaolo Benigno and Michael Woodford

New York University - Stern School of Business and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 27 (449,053)

Citation 10

Abstract:

53.

Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux

NBER Working Paper No. w9430

Number of pages: 23 Posted: 16 Jan 2003

Lars E. O. Svensson and Michael Woodford

Stockholm School of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 27 (449,053)

Citation 5

Abstract:

54.

Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice

NBER Working Paper No. w13716

Number of pages: 52 Posted: 03 Jan 2008

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 25 (459,252)

Citation 9

Abstract:

55.

Leaning Against Housing Prices as Robustly Optimal Monetary Policy

Downloads 21 (480,657)

3

Leaning Against Housing Prices as Robustly Optimal Monetary Policy

CESifo Working Paper Series No. 7071

Number of pages: 66 Posted: 21 Jul 2018

Klaus Adam and Michael Woodford

University of Mannheim and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 15 (533,119)

Abstract:

Leaning Against Housing Prices as Robustly Optimal Monetary Policy

NBER Working Paper No. w24629

Number of pages: 64 Posted: 25 May 2018

Klaus Adam and Michael Woodford

University of Mannheim and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 6 (587,903)

Add to Cart

Abstract:

Leaning Against Housing Prices as Robustly Optimal Monetary Policy

CEPR Discussion Paper No. DP12937

Number of pages: 67 Posted: 21 May 2018

Klaus Adam and Michael Woodford

University of Mannheim and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0

Add to Cart

Abstract:

56.

Energy Taxes and Aggregate Economic Activity

NBER Working Paper No. w4576

Number of pages: 43 Posted: 04 Oct 2001 Last Revised: 13 Nov 2014

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 20 (486,247)

Citation 3

Abstract:

57.

Is the Business Cycles a Necessary Consequence of Stochastic Growth?

NBER Working Paper No. w4650

Number of pages: 59 Posted: 27 Dec 2000 Last Revised: 17 Sep 2010

Julio J. Rotemberg and Michael Woodford

Harvard University, Business, Government and the International Economy Unit (deceased) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 20 (486,247)

Abstract:

58.

An Optimizing Neuroeconomic Model of Discrete Choice

NBER Working Paper No. w19897

Number of pages: 46 Posted: 16 Feb 2014

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 19 (491,733)

Abstract:

59.

Does Competition between Currencies Lead to Price Level and Exchange Rate Stability?

NBER Working Paper No. w3441

Number of pages: 43 Posted: 27 Jun 2007

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 19 (491,733)

Citation 2

Abstract:

60.

Monetary Policy Analysis When Planning Horizons are Finite

Downloads 18 (497,103)

3

Monetary Policy Analysis When Planning Horizons are Finite

CESifo Working Paper Series No. 7108

Number of pages: 55 Posted: 09 Aug 2018

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 11 (557,927)

Abstract:

Monetary Policy Analysis When Planning Horizons are Finite

NBER Working Paper No. w24692

Number of pages: 54 Posted: 11 Jun 2018

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 7 (582,051)

Add to Cart

Abstract:

Monetary Policy Analysis When Planning Horizons are Finite

CEPR Discussion Paper No. DP12968

Number of pages: 56 Posted: 05 Jun 2018

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0

Add to Cart

Abstract:

61.

Real Effects of Monetary Shocks in an Economy with Sequential Purchases

NBER Working Paper No. w4250

Number of pages: 70 Posted: 11 Jul 2007 Last Revised: 14 Aug 2010

Robert E. Lucas and Michael Woodford

University of Chicago - Department of Economics and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 18 (497,103)

Citation 8

Abstract:

62.

Self-Fulfilling Expectations and Fluctuations in Aggregate Demand

NBER Working Paper No. w3361

Number of pages: 43 Posted: 13 Sep 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 16 (507,885)

Citation 17

Abstract:

63.

Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints

NBER Working Paper No. w19711

Number of pages: 62 Posted: 10 Dec 2013

Aloísio P. Araújo, Susan Schommer and Michael Woodford

EPGE/FGV and IMPA, Instituto Nacional de Matemática Pura e Aplicada (IMPA) and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 12 (530,191)

Abstract:

64.

Equilibrium Models of Endogenous Fluctuations: An Introduction

NBER Working Paper No. w3360

Number of pages: 56 Posted: 08 Sep 2010

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 12 (530,191)

Abstract:

65.

Rational Inattention and Sequential Information Sampling

NBER Working Paper No. w23787

Number of pages: 70 Posted: 11 Sep 2017

Benjamin Hebert and Michael Woodford

Stanford University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 10 (541,165)

Add to Cart

Abstract:

66.

Discrete Adjustment to a Changing Environment: Experimental Evidence

Downloads 10 (541,165)

3

Discrete Adjustment to a Changing Environment: Experimental Evidence

CESifo Working Paper Series No. 6273

Number of pages: 56 Posted: 06 Feb 2017

Mel Win Khaw, Luminita Stevens and Michael Woodford

Columbia University, University of Maryland and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 10 (564,055)

Abstract:

Discrete Adjustment to a Changing Environment: Experimental Evidence

NBER Working Paper No. w22978

Number of pages: 56 Posted: 27 Dec 2016

Mel Win Khaw, Luminita Stevens and Michael Woodford

Columbia University, University of Maryland and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0

Add to Cart

Abstract:

Discrete Adjustment to a Changing Environment: Experimental Evidence

CEPR Discussion Paper No. DP11725

Number of pages: 58 Posted: 03 Jan 2017

Mel Win Khaw, Luminita Stevens and Michael Woodford

Columbia University, University of Maryland and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0

Add to Cart

Abstract:

67.

Does a 'Two-Pillar Phillips Curve' Justify a Two-Pillar Monetary Policy Strategy?

CEPR Discussion Paper No. DP6447

Number of pages: 39 Posted: 30 May 2008

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 4 (573,518)

Citation 9

Add to Cart

Abstract:

68.

Forward Guidance by Inflation-Targeting Central Banks

CEPR Discussion Paper No. DP9722

Number of pages: 56 Posted: 08 Nov 2013

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 3 (579,706)

Add to Cart

Abstract:

69.

Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model

CEPR Discussion Paper No. DP8826

Number of pages: 65 Posted: 01 Mar 2012

Klaus Adam and Michael Woodford

University of Mannheim and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 3 (579,706)

Citation 2

Add to Cart

Abstract:

70.

Cognitive Imprecision and Small-Stakes Risk Aversion

NBER Working Paper No. w24978

Number of pages: 65 Posted: 17 Sep 2018

Mel Win Khaw, Ziang Li and Michael Woodford

Columbia University, Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0 (614,182)

Add to Cart

Abstract:

71.

'Outlier Blindness': Efficient Coding Generates an Inability to Represent Extreme Values

Number of pages: 29 Posted: 29 Mar 2018

Elise Payzan-LeNestour and Michael Woodford

University of New South Wales and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 34

Abstract:

72.

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

CEPR Discussion Paper No. DP10893

Number of pages: 95 Posted: 20 Oct 2015

Mariana Garcia-Schmidt and Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics, Students and Columbia University, Graduate School of Arts and Sciences, Department of Economics

Downloads 0 (614,182)

Add to Cart

Abstract:

73.

Macroeconomic Analysis Without the Rational Expectations Hypothesis

Annual Review of Economics, Vol. 5, pp. 303-346, 2013

Posted: 07 Aug 2013

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

Michael Woodford

Columbia University, Graduate School of Arts and Sciences, Department of Economics

National Bureau of Economic Research (NBER)

73

Top 7,281

5,656

Top 54

3,480

Scholarly Papers (73)

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Conventional and Unconventional Monetary Policy

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Risk Aversion as a Perceptual Bias

Abstract:

Risk Aversion as a Perceptual Bias

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Simple Analytics of the Government Expenditure Multiplier

Abstract:

Abstract:

Abstract:

Linear-Quadratic Approximation of Optimal Policy Problems

Abstract:

Abstract:

Implementing Optimal Policy Through Inflation-Forecast Targeting

Abstract:

Abstract:

Abstract:

Abstract:

Globalization and Monetary Control

Abstract:

Abstract:

Abstract:

Abstract:

Abstract:

Optimal Taxation in an RBC Model: A Linear-Quadratic Approach

Abstract:

Abstract:

Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State

Abstract:

Abstract:

Abstract:

Abstract:

How Important is Money in the Conduct of Monetary Policy?

Abstract:

Abstract:

Abstract: