Author Page for Richard Clarida

1.

The Science of Monetary Policy: A New Keynesian Perspective

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Citation 401

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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 (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 894 (57,121)

Citation 156

Abstract:

The Science of Monetary Policy: a New Keynesian Perspective

NBER Working Paper No. w7147

Number of pages: 105 Posted: 13 Aug 1999 Last Revised: 14 Jul 2022

Richard Clarida, Jordi Galí and Mark Gertler

Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 304 (213,645)

Citation 245

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2.

Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

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Citation 95

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

NBER Working Paper No. w6442

Number of pages: 38 Posted: 21 Jul 2000 Last Revised: 10 Aug 2022

Richard Clarida, Jordi Galí and Mark Gertler

Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 414 (151,736)

Citation 95

Abstract:

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 (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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3.

Monetary Policy Rules in Practice: Some International Evidence

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Citation 47

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Monetary Policy Rules in Practice: Some International Evidence

NBER Working Paper No. w6254

Number of pages: 47 Posted: 21 Jul 2000 Last Revised: 05 Aug 2022

Richard Clarida, Jordi Galí and Mark Gertler

Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 320 (202,057)

Citation 47

Abstract:

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 (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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4.

Emergency Lending by the Federal Reserve

Forthcoming, University of Chicago Legal Forum, Columbia Public Law Research Paper No. 5145435, Columbia Law and Economics Working Paper No. 5145435

Number of pages: 36 Posted: 20 Feb 2025

Kathryn Judge and Richard Clarida

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

Downloads 270 (243,755)

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5.

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

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Citation 12

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

NBER Working Paper No. w8601

Number of pages: 39 Posted: 17 Nov 2001 Last Revised: 02 Jan 2022

Richard Clarida, Lucio Sarno, Mark P. Taylor and Giorgio Valente

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 191 (339,754)

Citation 8

Abstract:

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

Number of pages: 40 Posted: 23 Apr 2002

Richard Clarida, Lucio Sarno, Mark P. Taylor and Giorgio Valente

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)

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Citation 4

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6.

A Simple Framework for International Monetary Policy Analysis

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Citation 23

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A Simple Framework for International Monetary Policy Analysis

NBER Working Paper No. w8870

Number of pages: 35 Posted: 04 Apr 2002 Last Revised: 28 Sep 2022

Richard Clarida, Jordi Galí and Mark Gertler

Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 123 (498,885)

Citation 2

Abstract:

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 (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 29 (1,073,914)

Citation 21

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7.

Currency Carry Trade Regimes: Beyond the Fama Regression

NBER Working Paper No. w15523

Number of pages: 31 Posted: 24 Nov 2009 Last Revised: 02 Jun 2023

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 144 (435,041)

Citation 7

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8.

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

NBER Working Paper No. w4658

Number of pages: 84 Posted: 10 Jul 2000 Last Revised: 25 Sep 2022

Richard Clarida and Jordi Galí

Columbia University - Graduate School of Arts and Sciences - Department of Eco and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)

Downloads 138 (450,093)

Citation 38

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9.

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

NBER Working Paper No. w8604

Number of pages: 14 Posted: 17 Nov 2001 Last Revised: 07 Jul 2022

Richard Clarida, Jordi Galí and Mark Gertler

Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

Downloads 121 (499,665)

Citation 29

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10.

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

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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 84 (650,490)

Citation 1

Abstract:

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

NBER Working Paper No. w23562

Number of pages: 27 Posted: 10 Jul 2017 Last Revised: 20 May 2023

Richard Clarida

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

Downloads 31 (1,050,295)

Abstract:

11.

The Dollar and Real Interest Rates

NBER Working Paper No. w2151

Number of pages: 48 Posted: 21 Mar 2007 Last Revised: 19 Nov 2022

Richard Clarida

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

Downloads 113 (526,201)

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12.

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

NBER Working Paper No. w13010

Number of pages: 40 Posted: 14 Jul 2006 Last Revised: 21 Jul 2022

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 98 (583,440)

Citation 5

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13.

How the Bundesbank Conducts Monetary Policy

NBER Working Paper No. w5581

Number of pages: 71 Posted: 07 Oct 1996 Last Revised: 03 Apr 2022

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 89 (620,052)

Citation 7

Abstract:

14.

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

NBER Working Paper No. w4442

Number of pages: 35 Posted: 26 Apr 2001 Last Revised: 22 Aug 2022

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 83 (646,950)

Abstract:

15.

International Capital Mobility, Public Investment and Economic Growth

NBER Working Paper No. w4506

Number of pages: 30 Posted: 15 Sep 2000 Last Revised: 26 Oct 2022

Richard Clarida

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

Downloads 81 (656,098)

Abstract:

16.

The Empirics of Monetary Policy Rules in Open Economies

NBER Working Paper No. w8603

Number of pages: 25 Posted: 17 Nov 2001 Last Revised: 06 Jul 2022

Richard Clarida

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

Downloads 76 (680,534)

Citation 1

Abstract:

17.

G7 Current Account Imbalances: Sustainability and Adjustment

NBER Working Paper No. w12194

Number of pages: 9 Posted: 25 May 2006 Last Revised: 29 Oct 2022

Richard Clarida

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

Downloads 68 (723,672)

Abstract:

18.

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

NBER Working Paper No. w7434

Number of pages: 80 Posted: 30 Apr 2000 Last Revised: 26 Oct 2022

Richard Clarida

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

Downloads 66 (735,295)

Abstract:

19.

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

NBER Working Paper No. w3811

Number of pages: 23 Posted: 29 Oct 2000 Last Revised: 02 Dec 2022

Richard Clarida

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

Downloads 60 (772,346)

Citation 1

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20.

Endogenous Comparative Advantage, Government, and the Pattern of Trade

NBER Working Paper No. w3813

Number of pages: 40 Posted: 06 Jan 2007 Last Revised: 04 Dec 2022

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 57 (792,432)

Citation 1

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21.

Household Saving and Permanent Income in Canada and the United Kingdom

NBER Working Paper No. w2223

Number of pages: 32 Posted: 15 Jan 2007 Last Revised: 31 Jul 2022

John Y. Campbell and Richard Clarida

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

Downloads 56 (799,469)

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22.

Fiscal Stance and the Real Exchange: Some Empirical Estimates

NBER Working Paper No. w7077

Number of pages: 22 Posted: 30 Apr 2000 Last Revised: 04 Nov 2022

Richard Clarida and Joe Prendergast

Columbia University - Graduate School of Arts and Sciences - Department of Eco and Credit Suisse First Boston

Downloads 54 (813,906)

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23.

Conditional Projection by Means of Kalman Filtering

NBER Working Paper No. t0036

Number of pages: 13 Posted: 28 Dec 2006 Last Revised: 06 Feb 2023

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 53 (821,299)

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24.

The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium

NBER Working Paper No. w1945

Number of pages: 26 Posted: 05 Jul 2004 Last Revised: 27 Oct 2022

Richard Clarida

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

Downloads 53 (821,299)

Abstract:

25.

The Term Structure of Euromarket Interest Rates: an Empirical Investigation

NBER Working Paper No. w1946

Number of pages: 35 Posted: 11 Apr 2007 Last Revised: 29 Oct 2022

John Y. Campbell and Richard Clarida

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

Downloads 52 (828,806)

Citation 2

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26.

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

NBER Working Paper No. w6935

Number of pages: 27 Posted: 23 Jun 1999 Last Revised: 15 Dec 2022

Richard Clarida and Joe Prendergast

Columbia University - Graduate School of Arts and Sciences - Department of Eco and Credit Suisse First Boston

Downloads 52 (828,806)

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27.

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

NBER Working Paper No. w3812

Number of pages: 31 Posted: 13 Sep 2001 Last Revised: 04 Dec 2022

Richard Clarida

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

Downloads 51 (836,541)

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28.

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

NBER Working Paper No. w1273

Number of pages: 21 Posted: 05 Jul 2004 Last Revised: 26 Jun 2022

Richard Clarida and Benjamin M. Friedman

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

Downloads 46 (876,863)

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29.

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

Number of pages: 45 Posted: 26 Apr 2005

Richard Clarida, Lucio Sarno, Mark P. Taylor and Giorgio Valente

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 45 (885,379)

Citation 5

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30.

International Lending and Borrowing in a Stochastic Sequence Equilibrium

NBER Working Paper No. w1944

Number of pages: 34 Posted: 01 Jun 2004 Last Revised: 26 Oct 2022

Richard Clarida

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

Downloads 45 (885,379)

Citation 3

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31.

Are There Thresholds of Current Account Adjustment in the G7?

NBER Working Paper No. w12193

Number of pages: 60 Posted: 26 Oct 2012 Last Revised: 27 Oct 2022

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 43 (903,048)

Citation 1

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32.

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

NBER Working Paper No. w4437

Number of pages: 23 Posted: 07 Nov 2007 Last Revised: 18 Aug 2022

Richard Clarida

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

Downloads 38 (950,055)

Abstract:

33.

Entry, Dumping, and Shakeout

NBER Working Paper No. w3814

Number of pages: 47 Posted: 06 Jan 2007 Last Revised: 05 Jun 2022

Richard Clarida

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

Downloads 38 (950,055)

Abstract:

34.

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

NBER Working Paper No. w20545

Number of pages: 31 Posted: 06 Oct 2014 Last Revised: 20 Feb 2022

Richard Clarida

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

Downloads 35 (980,063)

Abstract:

35.

The Factor Content of Equilibrium Exchange Rates

NBER Working Paper No. w24735

Number of pages: 23 Posted: 25 Jun 2018 Last Revised: 01 Feb 2023

Richard Clarida

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

Downloads 32 (1,011,515)

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36.

Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields

NBER Working Paper No. w18726

Number of pages: 27 Posted: 26 Jan 2013 Last Revised: 03 Mar 2023

Richard Clarida

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

Downloads 32 (1,011,515)

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37.

International Financial Adjustment in a Canonical Open Economy Growth Model

NBER Working Paper No. w22758

Number of pages: 46 Posted: 24 Oct 2016 Last Revised: 09 Mar 2023

Richard Clarida and Ildikó Magyari

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

Downloads 31 (1,022,428)

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38.

Us Monetary Policy and the Return to Price Stability

NBER Working Paper No. w31520

Number of pages: 23 Posted: 07 Aug 2023

Richard Clarida

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

Downloads 16 (1,203,189)

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39.

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

Richard Clarida

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

Head of Economics Department

National Bureau of Economic Research (NBER)

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Scholarly Papers (39)

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

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A Simple Framework for International Monetary Policy Analysis

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

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