Richard Clarida

Columbia University - Graduate School of Arts and Sciences - Department of Eco

Head of Economics Department

420 W. 118th Street

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

365 Fifth Avenue, 5th Floor

New York, NY 10016-4309

United States

SCHOLARLY PAPERS

37

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Scholarly Papers (37)

The Science of Monetary Policy: A New Keynesian Perspective

Universitat Pompeu Fabra Economics WP No. 356
Number of pages: 99 Posted: 09 Jun 1999
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 744 (43,051)
Citation 156

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The Science of Monetary Policy: a New Keynesian Perspective

Number of pages: 105 Posted: 13 Aug 1999 Last Revised: 14 Jul 2021
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 218 (178,728)
Citation 245

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Monetary Policy Rules in Practice: Some International Evidence

Number of pages: 47 Posted: 21 Jul 2000 Last Revised: 05 Aug 2021
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 254 (153,963)
Citation 47

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Monetary Policy Rules in Practice: Some International Evidence

CEPR Discussion Paper Series Number 1750
Posted: 27 Feb 1998
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

Number of pages: 38 Posted: 21 Jul 2000 Last Revised: 09 Aug 2021
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 221 (176,397)
Citation 121

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

CEPR Discussion Paper Series Number 1908
Posted: 24 Sep 1998
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond

Number of pages: 39 Posted: 17 Nov 2001 Last Revised: 04 Jul 2021
Columbia University - Graduate School of Arts and Sciences - Department of Eco, University of Cambridge - Judge Business School, Washington University in St. Louis - John M. Olin Business School and Hong Kong Institute for Monetary and Financial Research (HKIMR)
Downloads 85 (373,609)
Citation 1

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The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond

Number of pages: 40 Posted: 23 Apr 2002
Columbia University - Graduate School of Arts and Sciences - Department of Eco, University of Cambridge - Judge Business School, Washington University in St. Louis - John M. Olin Business School and Hong Kong Institute for Monetary and Financial Research (HKIMR)
Downloads 37 (558,198)
Citation 4
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Foreign exchange, term structure, forecasting, non-linearity, Markov switching

5.

Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?

Number of pages: 84 Posted: 10 Jul 2000 Last Revised: 25 Sep 2021
Richard Clarida and Jordi Galí
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 114 (305,784)
Citation 19

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6.

Currency Carry Trade Regimes: Beyond the Fama Regression

Number of pages: 31 Posted: 24 Nov 2009 Last Revised: 02 Dec 2021
Richard Clarida, Josh Davis and Niels Pedersen
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Pacific Investment Management Company (PIMCO) and Pimco
Downloads 105 (323,636)
Citation 7

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A Simple Framework for International Monetary Policy Analysis

Number of pages: 35 Posted: 04 Apr 2002 Last Revised: 27 Sep 2021
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 68 (425,209)
Citation 2

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A Simple Framework for International Monetary Policy Analysis

Number of pages: 37 Posted: 11 Jun 2002
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 28 (612,722)
Citation 27
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International monetary policy, Nash equilibrium, co-operation, marginal cost

8.

Optimal Monetary Policy in Closed Versus Open Economies: An Integrated Approach

Number of pages: 14 Posted: 17 Nov 2001 Last Revised: 04 Jan 2021
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 85 (370,238)
Citation 9

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9.

Is Bad News About Inflation Good News for the Exchange Rate?

Number of pages: 40 Posted: 14 Jul 2006 Last Revised: 21 Jul 2021
Richard Clarida and Daniel Waldman
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 70 (413,450)
Citation 3

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10.

How the Bundesbank Conducts Monetary Policy

Number of pages: 71 Posted: 07 Oct 1996 Last Revised: 07 Oct 2021
Richard Clarida and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 62 (440,423)

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11.

The Empirics of Monetary Policy Rules in Open Economies

Number of pages: 25 Posted: 17 Nov 2001 Last Revised: 05 Jul 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 56 (462,339)
Citation 1

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The Global Factor in Neutral Policy Rates: Some Implications for Exchange Rates, Monetary Policy, and Policy Coordination

BIS Working Paper No. 732
Number of pages: 42 Posted: 16 Jul 2018
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 40 (542,182)

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monetary policy, policy coordination, exchange rates, r*

The Global Factor in Neutral Policy Rates: Some Implications for Exchange Rates, Monetary Policy, and Policy Coordination

Number of pages: 27 Posted: 10 Jul 2017 Last Revised: 19 Nov 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 11 (746,267)

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13.

International Capital Mobility, Public Investment and Economic Growth

Number of pages: 30 Posted: 15 Sep 2000 Last Revised: 25 Oct 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 51 (481,953)

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14.

G7 Current Account Imbalances: Sustainability and Adjustment

Number of pages: 9 Posted: 25 May 2006 Last Revised: 28 Oct 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 49 (490,221)

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15.

The Term Structure of Forward Exchange Premia and the Forecastibility of Spot Exchange Rates: Correcting the Errors

Number of pages: 35 Posted: 26 Apr 2001 Last Revised: 21 Feb 2021
Richard Clarida and Mark P. Taylor
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Washington University in St. Louis - John M. Olin Business School
Downloads 49 (490,221)

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16.

The Real Exchange Rate, Exports, and Manufacturing Profits: A Theoreti- Cal Framework with Some Empirical Support

Number of pages: 23 Posted: 29 Oct 2000 Last Revised: 02 Dec 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 43 (516,720)
Citation 1

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17.

The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates

Number of pages: 45 Posted: 26 Apr 2005
Columbia University - Graduate School of Arts and Sciences - Department of Eco, University of Cambridge - Judge Business School, Washington University in St. Louis - John M. Olin Business School and Hong Kong Institute for Monetary and Financial Research (HKIMR)
Downloads 42 (521,394)
Citation 2
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Term structure of interest rates, markov switching, forecasting

18.

G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change

Number of pages: 80 Posted: 30 Apr 2000 Last Revised: 25 Oct 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 39 (535,884)
Citation 1

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19.

Co-Integration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation

Number of pages: 31 Posted: 13 Sep 2001 Last Revised: 03 Dec 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 36 (551,164)

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20.

Endogenous Comparative Advantage, Government, and the Pattern of Trade

Number of pages: 40 Posted: 06 Jan 2007 Last Revised: 04 Dec 2021
Richard Clarida and Robert Findlay
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 35 (556,409)
Citation 1

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21.

Fiscal Stance and the Real Exchange: Some Empirical Estimates

Number of pages: 22 Posted: 30 Apr 2000 Last Revised: 04 Nov 2021
Richard Clarida and Joe Prendergast
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Credit Suisse First Boston
Downloads 35 (556,409)

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22.

Household Saving and Permanent Income in Canada and the United Kingdom

Number of pages: 32 Posted: 15 Jan 2007 Last Revised: 31 Jul 2021
John Y. Campbell and Richard Clarida
Harvard University - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 34 (561,771)

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23.

The Dollar and Real Interest Rates

Number of pages: 48 Posted: 21 Mar 2007 Last Revised: 19 Nov 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 33 (567,236)

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24.

The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium

Number of pages: 26 Posted: 05 Jul 2004 Last Revised: 27 Oct 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 31 (578,297)

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25.

The Term Structure of Euromarket Interest Rates: an Empirical Investigation

Number of pages: 35 Posted: 11 Apr 2007 Last Revised: 28 Oct 2021
John Y. Campbell and Richard Clarida
Harvard University - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 30 (584,109)
Citation 2

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26.

Recent G3 Current Account Imbalances: How Important are Structural Factors?

Number of pages: 27 Posted: 23 Jun 1999 Last Revised: 08 May 2000
Richard Clarida and Joe Prendergast
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Credit Suisse First Boston
Downloads 29 (590,117)

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27.

Conditional Projection by Means of Kalman Filtering

Number of pages: 13 Posted: 28 Dec 2006 Last Revised: 07 Feb 2021
Richard Clarida and Diane Coyle
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Bennett Institute for Public Policy, University of Cambridge
Downloads 28 (596,293)

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28.

International Lending and Borrowing in a Stochastic Sequence Equilibrium

Number of pages: 34 Posted: 01 Jun 2004 Last Revised: 25 Oct 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 26 (609,005)
Citation 3

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29.

Entry, Dumping, and Shakeout

Number of pages: 47 Posted: 06 Jan 2007 Last Revised: 05 Dec 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 23 (629,428)

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30.

The Behavior of U.S. Short-Term Interest Rates Since October 1979

Number of pages: 21 Posted: 05 Jul 2004 Last Revised: 26 Jun 2021
Richard Clarida and Benjamin M. Friedman
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Harvard University - Department of Economics
Downloads 23 (629,428)

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31.

Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation

Number of pages: 23 Posted: 07 Nov 2007 Last Revised: 18 Aug 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 22 (636,488)

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32.

Monetary Policy in Open Economies: Practical Perspectives for Pragmatic Central Bankers

Number of pages: 31 Posted: 06 Oct 2014 Last Revised: 22 Aug 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 18 (664,952)

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33.

Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields

Number of pages: 27 Posted: 26 Jan 2013 Last Revised: 02 Sep 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 17 (672,171)

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34.

Are There Thresholds of Current Account Adjustment in the G7?

Number of pages: 60 Posted: 26 Oct 2012 Last Revised: 27 Oct 2021
Richard Clarida, Manuela Goretti and Mark P. Taylor
Columbia University - Graduate School of Arts and Sciences - Department of Eco, International Monetary Fund (IMF) and Washington University in St. Louis - John M. Olin Business School
Downloads 14 (694,807)
Citation 1

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35.

International Financial Adjustment in a Canonical Open Economy Growth Model

Number of pages: 46 Posted: 24 Oct 2016 Last Revised: 08 Sep 2021
Richard Clarida and Ildikó Magyari
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Columbia University
Downloads 8 (742,066)

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36.

The Factor Content of Equilibrium Exchange Rates

Number of pages: 23 Posted: 25 Jun 2018 Last Revised: 02 Aug 2021
Richard Clarida
Columbia University - Graduate School of Arts and Sciences - Department of Eco
Downloads 6 (757,971)

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37.

The Term Structure of Forward Exchange Premiums and the Forecastability of Spot Exchange Rates: Correcting the Errors

Review of Economics and Statistics, Vol. 79, No. 3, August 1997
Posted: 30 Mar 1998
Richard Clarida and Mark P. Taylor
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Washington University in St. Louis - John M. Olin Business School

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