Bennett T. McCallum

Carnegie Mellon University - David A. Tepper School of Business

Professor

5000 Forbes Avenue

Pittsburgh, PA 15213-3890

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

90

DOWNLOADS
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in Total Papers Downloads

3,895

CITATIONS
Rank 175

SSRN RANKINGS

Top 175

in Total Papers Citations

1,881

Scholarly Papers (90)

Targets, Indicators, and Instruments of Monetary Policy

IMF Working Paper No. 90/41
Number of pages: 40 Posted: 15 Feb 2006
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 201 (127,417)
Citation 16

Abstract:

Targets, Indicators, and Instruments of Monetary Policy

NBER Working Paper No. w3047
Number of pages: 52 Posted: 14 Apr 2007
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 40 (372,178)
Citation 16

Abstract:

Neoclassical vs. Endogenous Growth Analysis: An Overview

FRB Richmond Economic Quarterly, vol. 82, no. 4, Fall 1996, pp. 41-71
Number of pages: 31 Posted: 17 Nov 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 154 (162,289)
Citation 5

Abstract:

Neoclassical vs. Endogenous Growth Analysis: An Overview

NBER Working Paper No. w5844
Number of pages: 48 Posted: 20 Jul 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 39 (375,956)
Citation 5

Abstract:

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 Federal Reserve Bank of St. Louis - Research Division
Downloads 133 (183,354)
Citation 7

Abstract:

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
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 25 (438,596)
Citation 7

Abstract:

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 Federal Reserve Bank of St. Louis - Research Division

Abstract:

4.

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 Federal Reserve Bank of St. Louis - Research Division
Downloads 135 (125,878)
Citation 3

Abstract:

Monetary aggregates, inflation, interest rates, monetary policy

5.

Real Business Cycle Models

NBER Working Paper No. w2480
Number of pages: 57 Posted: 28 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 104 (208,662)
Citation 7

Abstract:

6.

A Reconsideration of the Uncovered Interest Parity Relationship

NBER Working Paper No. w4113
Number of pages: 43 Posted: 13 Jul 2000 Last Revised: 30 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 84 (237,241)
Citation 58

Abstract:

7.
Downloads 81 (258,881)
Citation 6

The Alleged Instability of Nominal Income Targeting

Reserve Bank of New Zealand Working Paper No. G97/6
Number of pages: 13 Posted: 06 Dec 2002
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 61 (306,801)
Citation 6

Abstract:

The Alleged Instability of Nominal Income Targeting

NBER Working Paper No. w6291
Number of pages: 18 Posted: 29 Jun 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 20 (467,174)
Citation 6

Abstract:

8.
Downloads 81 (260,885)
Citation 50

Theoretical Analysis of the Demand for Money

Federal Reserve Bank of Richmond Working Paper No. 86-3
Number of pages: 27 Posted: 24 Oct 2012
Bennett T. McCallum and Marvin Goodfriend
Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 53 (332,408)
Citation 50

Abstract:

Theoretical Analysis of the Demand for Money

FRB Richmond Economic Review, vol. 74, no. 1, January/February 1988, pp. 16-24
Number of pages: 9 Posted: 31 Oct 2012
Marvin Goodfriend and Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 28 (422,730)
Citation 50

Abstract:

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

NBER Working Paper No. W8175
Number of pages: 36 Posted: 16 Mar 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 48 (344,984)
Citation 65

Abstract:

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

CEPR Discussion Paper No. 2756
Number of pages: 39 Posted: 17 Apr 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 32 (404,091)
Citation 65
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Abstract:

Exchange rates and inflation, monetary policy rules, new open economy macroeconomics

10.

Analysis of the Monetary Transmission Mechanism: Methodological Issues

NBER Working Paper No. w7395
Number of pages: 54 Posted: 07 Feb 2000 Last Revised: 14 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 76 (258,881)
Citation 23

Abstract:

Monetary Policy and the Term Structure of Interest Rates

NBER Working Paper No. w4938
Number of pages: 28 Posted: 21 Jul 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 58 (314,953)
Citation 29

Abstract:

Monetary Policy and the Term Structure of Interest Rates

FRB Richmond Economic Quarterly, vol. 91, no. 4, Fall 2005, pp. 1-21
Number of pages: 21 Posted: 06 Dec 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 17 (484,720)
Citation 29

Abstract:

12.

Solutions to Linear Rational Expectations Models: A Compact Exposition

NBER Working Paper No. t0232
Number of pages: 9 Posted: 10 Jul 2000 Last Revised: 22 Aug 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 75 (249,447)
Citation 14

Abstract:

13.

Issues in the Design of Monetary Policy Rules

NBER Working Paper No. w6016
Number of pages: 76 Posted: 26 Jul 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 72 (255,025)
Citation 123

Abstract:

Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan

NBER Working Paper No. w7725
Number of pages: 42 Posted: 11 Jun 2000 Last Revised: 18 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 62 (304,201)
Citation 24

Abstract:

Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan

FRB Richmond Economic Quarterly, Vol. 86, No. 1, Winter 2000, pp. 49-79
Number of pages: 31 Posted: 28 Nov 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 8 (536,258)
Citation 24

Abstract:

Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence

NBER Working Paper No. w7088
Number of pages: 50 Posted: 10 Aug 1999
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 41 (368,480)
Citation 27

Abstract:

Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence

FRB Richmond Economic Quarterly, vol. 88, no. 1, Winter 2002, pp. 67-96
Number of pages: 30 Posted: 02 Dec 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 23 (449,858)
Citation 7

Abstract:

16.

Targeting vs. Instrument Rules for Monetary Policy

NBER Working Paper No. w10612
Number of pages: 33 Posted: 26 Jul 2004
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 59 (300,384)
Citation 21

Abstract:

17.

Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General

NBER Working Paper No. w5579
Number of pages: 38 Posted: 23 Sep 1996 Last Revised: 13 May 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 59 (297,924)
Citation 21

Abstract:

18.

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: 04 Oct 2010
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 58 (310,659)
Citation 100

Abstract:

19.

Inflation Targeting and the Liquidity Trap

NBER Working Paper No. w8225
Number of pages: 54 Posted: 08 Apr 2001
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 55 (302,893)
Citation 26

Abstract:

20.

Japanese Monetary Policy, 1991-2001

FRB Richmond Economic Quarterly, Vol. 89, No. 1, Winter 2003, pp. 1-31
Number of pages: 31 Posted: 05 Dec 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 52 (256,956)
Citation 23

Abstract:

21.

A Monetary Impulse Measure for Medium-Term Policy Analysis

IMF Working Paper No. 94/146
Number of pages: 34 Posted: 15 Feb 2006
Bennett T. McCallum and Monica Hargraves
Carnegie Mellon University - David A. Tepper School of Business and affiliation not provided to SSRN
Downloads 52 (315,962)
Citation 4

Abstract:

22.

On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective

NBER Working Paper No. w0684
Number of pages: 51 Posted: 19 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 52 (315,962)
Citation 79

Abstract:

23.

Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration

NBER Working Paper No. w13207
Number of pages: 45 Posted: 03 Jul 2007 Last Revised: 04 Aug 2010
Marvin Goodfriend and Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 50 (333,207)
Citation 59

Abstract:

Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

IMF Working Paper No. 92/41
Number of pages: 24 Posted: 15 Feb 2006
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 44 (357,981)
Citation 7

Abstract:

Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

NBER Working Paper No. w4233
Number of pages: 33 Posted: 06 Apr 2010 Last Revised: 28 Jul 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 5 (551,910)
Citation 4

Abstract:

Unit Roots in Macroeconomic Time Series: Some Critical Issues

NBER Working Paper No. w4368
Number of pages: 59 Posted: 22 Jul 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 31 (408,562)
Citation 4

Abstract:

Unit Roots in Macroeconomic Time Series: Some Critical Issues

FRB Richmond Economic Quarterly, vol. 79, no. 2, Spring 1993, pp. 13-43
Number of pages: 31 Posted: 09 Nov 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 18 (478,886)
Citation 4

Abstract:

Should Central Banks Raise Their Inflation Targets? Some Relevant Issues

NBER Working Paper No. w17005
Number of pages: 30 Posted: 09 May 2011
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 25 (438,596)

Abstract:

Should Central Banks Raise Their Inflation Targets? Some Relevant Issues

FRB Richmond Economic Quarterly, vol. 97, no. 2, Second Quarter 2011, pp. 111-131
Number of pages: 21 Posted: 19 Dec 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 22 (455,623)

Abstract:

27.

Monetary vs. Fiscal Policy Effects: a Review of the Debate

NBER Working Paper No. w1556
Number of pages: 39 Posted: 19 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 46 (321,589)
Citation 1

Abstract:

28.

An Optimizing Is-Lm Framework with Endogenous Investment

NBER Working Paper No. w7908
Number of pages: 41 Posted: 15 Sep 2000 Last Revised: 19 Oct 2010
Miguel Casares and Bennett T. McCallum
Universidad P├║blica de Navarra and Carnegie Mellon University - David A. Tepper School of Business
Downloads 42 (358,093)
Citation 26

Abstract:

29.

Money: Theoretical Analysis of the Demand for Money

NBER Working Paper No. w2157
Number of pages: 28 Posted: 19 Jun 2004
Bennett T. McCallum and Marvin Goodfriend
Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 41 (333,207)
Citation 50

Abstract:

30.
Downloads 41 (361,344)
Citation 6

Monetary Policy in Economies with Little or No Money

NBER Working Paper No. w9838
Number of pages: 23 Posted: 14 Jul 2003
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 26 (433,096)
Citation 6

Abstract:

Monetary Policy in Economies with Little or No Money

Pacific Economic Review, Vol. 9, No. 2, pp. 81-92, June 2004
Number of pages: 12 Posted: 06 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 15 (496,377)
Citation 6
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Abstract:

31.

Inflation: Theory and Evidence

NBER Working Paper No. w2312
Number of pages: 94 Posted: 28 May 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 39 (358,093)
Citation 11

Abstract:

32.

Monetary Policy Analysis in Models Without Money

NBER Working Paper No. w8174
Number of pages: 41 Posted: 16 Mar 2001
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 37 (364,790)
Citation 57

Abstract:

33.

Should Monetary Policy Respond Strongly to Output Gaps?

NBER Working Paper No. w8226
Number of pages: 15 Posted: 08 Apr 2001
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 36 (364,790)
Citation 38

Abstract:

34.

Theoretical Issues Pertaining to Monetary Unions

NBER Working Paper No. w7393
Number of pages: 37 Posted: 06 Mar 2000 Last Revised: 14 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 36 (364,790)
Citation 10

Abstract:

35.

The Role of Overlapping-Generations Models in Monetary Economics

NBER Working Paper No. w0989
Number of pages: 55 Posted: 16 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 35 (364,790)
Citation 8

Abstract:

36.

Price Level Determinacy with an Interest Rate Policy Rule and Rational Expectations

NBER Working Paper No. w0559
Number of pages: 22 Posted: 25 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 35 (382,867)
Citation 40

Abstract:

37.

The Present and Future of Monetary Policy Rules

NBER Working Paper No. w7916
Number of pages: 23 Posted: 29 Sep 2000 Last Revised: 19 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 35 (364,790)
Citation 12

Abstract:

38.

Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates

NBER Working Paper No. w7677
Number of pages: 56 Posted: 21 May 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 35 (368,351)
Citation 70

Abstract:

Macroeconomics after a Decade of Rational Expectations: Some Critical Issues

NBER Working Paper No. w1050
Number of pages: 33 Posted: 09 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 21 (461,353)
Citation 4

Abstract:

Macroeconomics after a Decade of Rational Expectations: Some Critical Issues

FRB Richmond Economic Review, Vol. 68, No. 6, November/December 1982, pp. 3-12
Number of pages: 10 Posted: 24 Aug 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 13 (508,028)
Citation 4

Abstract:

40.

Crucial Issues Concerning Central Bank Independence

NBER Working Paper No. w5597
Number of pages: 25 Posted: 04 Aug 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 33 (379,105)
Citation 38

Abstract:

41.

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

CEPR Discussion Paper No. 2752
Number of pages: 42 Posted: 17 Apr 2001
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 32 (394,525)
Citation 39
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Abstract:

Discretion, expectations, policymaking, rules

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 Oct 2010
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 32 (394,525)
Citation 34

Abstract:

43.

Are Bond-Financed Deficits Inflationary? A Ricardian Analysis

NBER Working Paper No. w0905
Number of pages: 35 Posted: 04 Apr 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 31 (375,401)
Citation 29

Abstract:

44.

Two Fallacies Concerning Central Bank Independence

NBER Working Paper No. w5075
Number of pages: 15 Posted: 11 Jun 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 30 (379,105)
Citation 67

Abstract:

45.

Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine

NBER Working Paper No. w1294
Number of pages: 46 Posted: 04 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 29 (407,182)
Citation 18

Abstract:

46.

Is the Spurious Regression Problem Spurious?

NBER Working Paper No. w15690
Number of pages: 10 Posted: 01 Feb 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 28 (398,610)

Abstract:

47.

Monetary Policy Rules and Financial Stability

NBER Working Paper No. w4692
Number of pages: 50 Posted: 30 Dec 2000
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 28 (386,679)
Citation 6

Abstract:

48.

Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination

NBER Working Paper No. w6456
Number of pages: 21 Posted: 11 Sep 2000 Last Revised: 09 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 28 (402,805)
Citation 28

Abstract:

49.

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
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 28 (411,649)
Citation 124

Abstract:

50.

Role of the Minimal State Variable Criterion

NBER Working Paper No. w7087
Number of pages: 35 Posted: 30 Jul 1999
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 27 (402,805)
Citation 29

Abstract:

51.

The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations

NBER Working Paper No. w0894
Number of pages: 23 Posted: 16 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 26 (394,525)
Citation 1

Abstract:

52.

Monetarist Principles and the Money Stock Growth Rule

NBER Working Paper No. w0630
Number of pages: 14 Posted: 18 Jun 2004 Last Revised: 23 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 26 (421,093)
Citation 2

Abstract:

53.

Simultaneous Equation Econometrics: The Missing Example

Economic Inquiry, Vol. 44, No. 2, pp. 374-384, 2006
Number of pages: 11 Posted: 05 Jun 2006
Dennis Epple and Bennett T. McCallum
Carnegie Mellon University and Carnegie Mellon University - David A. Tepper School of Business
Downloads 25 (426,005)
Citation 2
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Abstract:

54.

Credibility and Monetary Policy

NBER Working Paper No. w1490
Number of pages: 44 Posted: 11 Apr 2004 Last Revised: 30 Jul 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 25 (426,005)
Citation 3

Abstract:

55.

The Optimal Inflation Rate in an Overlapping-Generations Economy with Land

NBER Working Paper No. w1892
Number of pages: 26 Posted: 16 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 24 (407,182)
Citation 4

Abstract:

56.

Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: a Critical Review

NBER Working Paper No. w1572
Number of pages: 40 Posted: 04 Apr 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 24 (416,242)
Citation 6

Abstract:

57.

Could a Monetary Base Rule Have Prevented the Great Depression?

NBER Working Paper No. w3162
Number of pages: 44 Posted: 24 Jan 2007 Last Revised: 24 Aug 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 23 (421,093)
Citation 10

Abstract:

58.

On Consequences and Criticisms of Monetary Targeting

NBER Working Paper No. w1596
Number of pages: 56 Posted: 19 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 23 (421,093)
Citation 7

Abstract:

59.

On Low-Frequency Estimates of "Long-Run" Relationships in Macro- Economics

NBER Working Paper No. w1162
Number of pages: 19 Posted: 19 Jun 2004 Last Revised: 06 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 22 (431,038)
Citation 16

Abstract:

60.

Nominal Income Targeting in an Open-Economy Optimizing Model

NBER Working Paper No. w6675
Number of pages: 42 Posted: 04 Sep 1998 Last Revised: 10 Oct 2010
Bennett T. McCallum and Edward Nelson
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 22 (426,005)
Citation 118

Abstract:

61.

Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed?

NBER Working Paper No. w14534
Number of pages: 22 Posted: 10 Dec 2008 Last Revised: 19 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 21 (431,038)
Citation 5

Abstract:

62.

The Development of Keynesian Macroeconomics

NBER Working Paper No. w2156
Number of pages: 14 Posted: 21 Mar 2007
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 21 (436,136)

Abstract:

63.

On "Real" and "Sticky-Price" Theories of the Business Cycle

NBER Working Paper No. w1933
Number of pages: 38 Posted: 19 Jun 2004 Last Revised: 28 Mar 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 21 (426,005)
Citation 10

Abstract:

64.

E-Stability Vis-a-Vis Determinacy Results for a Broad Class of Linear Rational Expectations Models

NBER Working Paper No. w12441
Number of pages: 26 Posted: 21 Aug 2006
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 20 (431,038)
Citation 21

Abstract:

65.

A Linearized Version of Lucas's Neutrality Model

NBER Working Paper No. w1160
Number of pages: 18 Posted: 01 Feb 2001
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 20 (436,136)
Citation 1

Abstract:

66.

Alternatives to the Fed?

Cato Journal, Vol. 30, No. 3, 2010
Number of pages: 12 Posted: 19 Apr 2013
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 19 (431,038)
Citation 1

Abstract:

federal reserve bank, central banking, financial crisis of 2008, U.S. monetary policy, gold standard, free markets, privatization

67.

On the Relationship between Determinate and Msv Solutions in Linear Re Models

NBER Working Paper No. t0297
Number of pages: 14 Posted: 03 Aug 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 18 (446,477)
Citation 14

Abstract:

68.

The Role of Demand Management in the Maintenance of Full Employment

NBER Working Paper No. w2520
Number of pages: 31 Posted: 16 Jul 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 18 (451,720)
Citation 1

Abstract:

69.

Monetarist Rules in the Light of Recent Experience

NBER Working Paper No. w1277
Number of pages: 14 Posted: 18 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 17 (451,720)
Citation 3

Abstract:

70.

Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability

NBER Working Paper No. w9218
Number of pages: 32 Posted: 20 Sep 2002 Last Revised: 29 Oct 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
Downloads 17 (451,720)
Citation 2

Abstract:

Causality, Structure, and the Uniqueness of Rational Expectations Equilibria

NBER Working Paper No. w15234
Number of pages: 26 Posted: 18 Aug 2009 Last Revised: 18 Aug 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1

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Causality, Structure and the Uniqueness of Rational Expectations Equilibria

The Manchester School, Vol. 79, pp. 551-566, 2011
Number of pages: 16 Posted: 21 Apr 2011
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1
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72.

Macroeconomics after Two Decades of Rational Expectations

NBER Working Paper No. w4367
Number of pages: 34 Posted: 09 Jun 2004
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1

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73.

The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment

NBER Working Paper No. w8882
Number of pages: 11 Posted: 11 Apr 2002 Last Revised: 12 Apr 2002
Christian Jensen and Bennett T. McCallum
Southern Methodist University (SMU) - Dedman College of Humanities and Sciences and Carnegie Mellon University - David A. Tepper School of Business
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Citation 18

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74.

Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations

NBER Working Paper No. w0893
Number of pages: 32 Posted: 17 Oct 2007
Bennett T. McCallum and James G Hoehn
Carnegie Mellon University - David A. Tepper School of Business and Federal Reserve Banks, Federal Reserve Bank of Dallas (Deceased)
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Citation 1

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75.

Multiple-Solution Indeterminacies in Monetary Policy Analysis

NBER Working Paper No. w9837
Number of pages: 39 Posted: 14 Jul 2003
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 21

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76.

A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap

NBER Working Paper No. w11056
Number of pages: 45 Posted: 17 Sep 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1

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77.

Specification and Analysis of a Monetary Policy Rule for Japan

NBER Working Paper No. w4449
Number of pages: 78 Posted: 30 Aug 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 10

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78.

Indeterminacy from Inflation Forecast Targeting: Problem or Pseudo-Problem?

FRB Richmond Economic Quarterly, Vol. 95, No. 1, Winter 2009, pp. 25-51
Number of pages: 27 Posted: 13 Dec 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Abstract:

79.

Is the Fiscal Theory of the Price Level Learnable?

NBER Working Paper No. w9961
Number of pages: 30 Posted: 08 Nov 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 10

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80.

The Case for Rules in the Conduct of Monetary Policy: A Concrete Example

FRB Richmond Economic Review, vol. 73, no. 5, September/October 1987, pp. 10-18
Number of pages: 9 Posted: 27 Oct 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 10

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81.

Money and Prices in Colonial America: a New Test of Competing Theories

NBER Working Paper No. w3383
Number of pages: 41 Posted: 04 Apr 2011
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 9

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82.

Determinacy, Learnability, and Plausibility in Monetary Policy Analysis: Additional Results

NBER Working Paper No. w14164
Number of pages: 27 Posted: 16 Jul 2008 Last Revised: 15 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 2

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83.

The Unique Minimum State Variable Re Solution is E-Stable in All Well Formulated Linear Models

NBER Working Paper No. w9960
Number of pages: 35 Posted: 08 Nov 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 9

Abstract:

84.

Reconsideration of the P-Bar Model of Gradual Price Adjustment

NBER Working Paper No. w14163
Number of pages: 33 Posted: 16 Jul 2008 Last Revised: 14 Sep 2010
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1

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85.

A Semi-Classical Model of Price Level Adjustment

NBER Working Paper No. w4706
Number of pages: 44 Posted: 16 May 2011
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 6

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86.

Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models

NBER Working Paper No. w18215
Number of pages: 29 Posted: 14 Jul 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Citation 1

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87.

A Continuity Refinement for Rational Expectations Solutions

NBER Working Paper No. w18323
Number of pages: 23 Posted: 18 Aug 2012
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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Abstract:

88.

Monetary Policy in a Very Open Economy: Some Major Analytical Issues

Pacific Economic Review, Vol. 19, Issue 1, pp. 27-60, 2014
Number of pages: 34 Posted: 20 Feb 2014
Bennett T. McCallum
Carnegie Mellon University - David A. Tepper School of Business
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89.

Refining Linear Rational Expectations Models and Equilibria

NBER Working Paper No. w18348
Number of pages: 24 Posted: 01 Sep 2012
Seonghoon Cho and Bennett T. McCallum
School of Economics, Yonsei University and Carnegie Mellon University - David A. Tepper School of Business
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Abstract:

90.

Base Money Rules in the UK

Bank of England Working Paper No. 45
Posted: 14 Apr 1998
Andrew Haldane, Bennett T. McCallum and Chris Salmon
Bank of England, Carnegie Mellon University - David A. Tepper School of Business and Bank of England

Abstract: