Athanasios Orphanides

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Professor of the Practice

77 Massachusetts Ave.

E62-416

Cambridge, MA 02142

United States

http://mitsloan.mit.edu/faculty/detail.php?in_spseqno=54058

SCHOLARLY PAPERS

60

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CITATIONS
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1,700

Scholarly Papers (60)

The Euro Area Crisis: Politics Over Economics

MIT Sloan Research Paper No. 5091-14
Number of pages: 35 Posted: 11 Jun 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,774 (6,328)

Abstract:

Currency union, euro, European integration, sovereign debt, Deauville, Cyprus

The Euro Area Crisis: Politics Over Economics

CEPR Discussion Paper No. DP10033
Number of pages: 37 Posted: 25 Sep 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 3 (537,604)
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Abstract:

currency union, Cyprus, Deauville, euro, European integration, sovereign debt

2.

Earnings Forecasts and the Predictability of Stock Returns:Evidence from Trading the S&P

FEDS Discussion Paper No. 97-6
Number of pages: 25 Posted: 14 Apr 1997
Athanasios Orphanides, Joel Lander and Martha Douvogiannis
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Government of the United States of America - Division of Research and Statistics and affiliation not provided to SSRN
Downloads 1,214 (11,691)
Citation 28

Abstract:

3.

What Happened in Cyprus? The Economic Consequences of the Last Communist Government in Europe

MIT Sloan Research Paper No. 5089-14
Number of pages: 51 Posted: 29 May 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 671 (25,289)

Abstract:

Cyprus, euro area, crisis, sovereign debt, populism

4.

Monetary Policy in Deflation: The Liquidity Trap in History and Practice

FEDS Working Paper No. 2004-01
Number of pages: 36 Posted: 06 Mar 2004
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 635 (29,794)
Citation 19

Abstract:

Zero interest-rate bound, liquidity trap, great depression, Japan

5.

The Macroeconomic Consequences of Terrorism

CESifo Working Paper Series No. 1151; Claremont McKenna College Economics Working Paper No. 2004-04
Number of pages: 45 Posted: 07 Apr 2004
S. Brock Blomberg, Gregory D. Hess and Athanasios Orphanides
Ursinus College, CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 495 (28,950)
Citation 37

Abstract:

growth, conflict, terrorism

6.

Monetary Policy When the Nominal Short-Term Interest Rate is Zero

FEDS Working Paper No. 00-51
Number of pages: 84 Posted: 07 Dec 2000
Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section, Federal Reserve Board, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section and George Washington University
Downloads 399 (54,405)
Citation 51

Abstract:

monetary policy, liquidity trap, Federal Reserve Act, open market operations, discount window lending

Term Structure Estimation with Survey Data on Interest Rate Forecasts

FEDS Working Paper No. 2005-48, AFA 2007 Chicago Meetings Paper
Number of pages: 42 Posted: 20 Mar 2006
Don H. Kim and Athanasios Orphanides
Federal Reserve Board - Division of Monetary Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 318 (74,068)
Citation 62

Abstract:

Dynamic term structure models, survey data, interest rate forecasts, term premia, expectations hypothesis

Term Structure Estimation with Survey Data on Interest Rate Forecasts

CEPR Discussion Paper No. 5341
Number of pages: 45 Posted: 05 Jan 2006
Don H. Kim and Athanasios Orphanides
Federal Reserve Board - Division of Monetary Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25 (416,388)
Citation 62
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Abstract:

Dynamic term structure models, survey data, interest rate forecasts, term premia, expectations hypothesis

8.

Taylor Rules

FEDS Working Paper No. 2007-18
Number of pages: 15 Posted: 12 Jul 2007
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 337 (58,628)
Citation 16

Abstract:

monetary policy, simple rules

9.

Activist Stabilization Policy and Inflation: The Taylor Rule in the 1970s

CFS Working Paper No. 2002/15
Number of pages: 30 Posted: 07 Apr 2003
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 316 (70,083)
Citation 26

Abstract:

Great Inflation, Taylor rule, output gap, real-time data

10.

The Reliability of Output Gap Estimates in Real Time

Number of pages: 45 Posted: 09 Aug 1999
Athanasios Orphanides and Simon van Norden
Massachusetts Institute of Technology (MIT) - Sloan School of Management and HEC Montreal - Department of Finance
Downloads 303 (77,521)
Citation 120

Abstract:

11.

Monetary Policy Rules and the Great Inflation

FEDS Working Paper No. 2002-08
Number of pages: 12 Posted: 11 Feb 2002
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 283 (83,928)
Citation 72

Abstract:

Monetary policy rules, inflation, unemployment, Greenbook forecasts

Fear of Liftoff: Uncertainty, Rules, and Discretion in Monetary Policy Normalization

Review, Vol. 97, Issue 3, pp. 173-96, 2015
Number of pages: 24 Posted: 06 Oct 2015
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 142 (164,780)

Abstract:

Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization

MIT Sloan Research Paper No. 5142-15
Number of pages: 34 Posted: 27 Aug 2015
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 137 (169,645)

Abstract:

Federal Reserve, liftoff, discretion, policy rules, policy normalization

Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization

CEPR Discussion Paper No. DP10818
Number of pages: 35 Posted: 16 Sep 2015
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Abstract:

discretion, Federal Reserve, liftoff, policy normalization, policy rules

Imperfect Knowledge, Inflation Expectations, and Monetary Policy

CFS Working Paper 2003/40
Number of pages: 43 Posted: 14 Jul 2002
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 228 (106,360)
Citation 116

Abstract:

Inflation targeting, policy rules, rational expectations, learning, inflation persistence

Imperfect Knowledge, Inflation Expectations, and Monetary Policy

NBER Working Paper No. w9884
Number of pages: 41 Posted: 05 Aug 2003
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 41 (349,339)
Citation 116

Abstract:

The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time

FEDS Working Paper No. 2004-68
Number of pages: 30 Posted: 27 Jan 2005
Simon van Norden and Athanasios Orphanides
HEC Montreal - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 235 (103,061)
Citation 49

Abstract:

Phillips curve, output gap, inflation forecasts, real-time data

The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time

CEPR Discussion Paper No. 4830
Number of pages: 32 Posted: 22 Apr 2005
Athanasios Orphanides and Simon van Norden
Massachusetts Institute of Technology (MIT) - Sloan School of Management and HEC Montreal - Department of Finance
Downloads 25 (416,388)
Citation 85
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Abstract:

Phillips curve, output gap, inflation forecasts, real-timing data

15.
Downloads 246 ( 98,723)
Citation 27

War And Democracy

CESifo Working Paper Series No. 201
Number of pages: 39 Posted: 18 Jun 2001
Gregory D. Hess and Athanasios Orphanides
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 246 (98,257)
Citation 27

Abstract:

War, Democracy, Kant Hypothesis

War and Democracy

Journal of Political Economy, Vol. 109, August 2001
Posted: 16 Feb 2002
Gregory D. Hess and Athanasios Orphanides
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

16.

Historical Monetary Policy Analysis and the Taylor Rule

FEDS Working Paper No. 2003-36
Number of pages: 50 Posted: 01 Oct 2003
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 245 (95,448)
Citation 88

Abstract:

Federal Reserve, policy rule, real-time data

17.

Monetary Policy Rules, Macroeconomic Stability and Inflation: A View from the Trenches

ECB Working Paper No. 115; FEDS Working Paper No. 2001-62
Number of pages: 35 Posted: 10 Jan 2002
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 235 (100,373)
Citation 96

Abstract:

monetary policy rules, real-time data, Greenbook forecasts, stagflation

Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero

ECB Working Paper No. 231; FEDS Working Paper No. 98-35
Number of pages: 39 Posted: 06 Aug 2003
Günter Coenen, Athanasios Orphanides and Volker Wieland
European Central Bank (ECB), Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 163 (146,237)
Citation 74

Abstract:

Inflation targeting, price stability, monetary policy rules, liquidity trap

Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero

CEPR Discussion Paper No. 3892
Number of pages: 29 Posted: 24 Jun 2003
Günter Coenen, Athanasios Orphanides and Volker Wieland
European Central Bank (ECB), Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 23 (427,246)
Citation 74
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Abstract:

Inflation targeting, price stability, monetary policy rules, liquidity trap

19.

The Bond Market Term Premium: What is it, and How Can We Measure it?

BIS Quarterly Review, June 2007
Number of pages: 14 Posted: 24 Jun 2012
Don H. Kim and Athanasios Orphanides
Federal Reserve Board - Division of Monetary Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 172 (109,548)
Citation 14

Abstract:

20.

Monetary Policy Evaluation with Noisy Information

Federal Reserve Board FEDS Paper No. 98-50
Number of pages: 36 Posted: 06 May 1999
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 165 (142,376)
Citation 103

Abstract:

Fiscal Implications of Central Bank Balance Sheet Policies

MIT Sloan Research Paper No. 5168-16
Number of pages: 31 Posted: 11 Jul 2016 Last Revised: 12 Jul 2016
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 157 (151,163)

Abstract:

Quantitative easing, lender of last resort, monetary financing, loss sharing, central bank independence, central bank accountability, central bank governance, rules vs discretion

Fiscal Implications of Central Bank Balance Sheet Policies

CEPR Discussion Paper No. DP11383
Number of pages: 33 Posted: 11 Jul 2016
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0
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Abstract:

central bank accountability, central bank governance, central bank independence, lender of last resort, loss sharing, monetary financing, Quantitative easing, rules vs discretion.

The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations

ECB Working Paper No. 337
Number of pages: 46 Posted: 28 Jun 2004
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 90 (231,316)
Citation 47

Abstract:

Monetary policy, stagflation, rational expectations, learning

The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations

FRB of San Francisco Working Paper No. 2003-24
Number of pages: 30 Posted: 05 May 2004
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 43 (342,624)
Citation 47

Abstract:

The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations

CEPR Discussion Paper No. 4865
Number of pages: 36 Posted: 13 May 2005
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 21 (438,490)
Citation 47
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Abstract:

Monetary policy, stagflation, rational expectations, learning

23.
Downloads 153 (154,376)
Citation 5

Optimal Discretion

FEDS Working Paper No. 99-42
Number of pages: 35 Posted: 12 Dec 1999
Yvan Lengwiler and Athanasios Orphanides
University of Basel - Department of Economics (WWZ) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 129 (178,041)
Citation 5

Abstract:

Optimal Discretion

Scandinavian Journal of Economics, Vol. 104, pp. 261-276, 2002
Number of pages: 16 Posted: 06 Feb 2003
Yvan Lengwiler and Athanasios Orphanides
University of Basel - Department of Economics (WWZ) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 24 (421,824)
Citation 5
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Abstract:

rules, discretion, credibility, dynamic inconsistency, inflation targeting

24.
Downloads 124 (182,955)
Citation 47

Inflation Scares and Forecast-Based Monetary Policy

FEDS Working Paper No. 2003-41
Number of pages: 38 Posted: 01 Jan 2004
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 96 (221,465)
Citation 47

Abstract:

Inflation forecasts, policy rules, rational expectations, learning

Inflation Scares and Forecast-Based Monetary Policy

CEPR Discussion Paper No. 4844
Number of pages: 42 Posted: 05 May 2005
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 28 (401,207)
Citation 47
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Abstract:

Inflation forecasts, policy rules, rational expectations, learning

25.

P* Revisited: Money-Based Inflation Forecasts with a Changing Equilibrium Velocity

Federal Reserve Board FEDS Paper No. 98-26
Number of pages: 23 Posted: 04 Feb 1999
Athanasios Orphanides and Richard D. Porter
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of Chicago
Downloads 122 (177,425)
Citation 12

Abstract:

26.

Robust Monetary Policy Rules with Unknown Natural Rates

FEDS Working Paper No. 2003-11
Number of pages: 67 Posted: 27 Jun 2003
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 118 (162,571)
Citation 88

Abstract:

Inflation targeting, policy rules, natural rate of unemployment, natural rate of interest, misperceptions

27.
Downloads 113 (196,185)
Citation 19

Inflation Targeting under Imperfect Knowledge

FEDS Working Paper No. 2006-20, FRB of San Francisco Working Paper No. 2006-14
Number of pages: 48 Posted: 21 Jun 2006
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 94 (224,663)
Citation 19

Abstract:

Learning, natural rate of interest, natural rate of unemployment, rational expectations, monetary policy rules, uncertainty, bond prices

Inflation Targeting under Imperfect Knowledge

CEPR Discussion Paper No. 5664
Number of pages: 50 Posted: 28 Jul 2006
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 19 (449,984)
Citation 19
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Abstract:

Learning, natural rate of interest, natural rate of unemployment, rational expectations, monetary policy rules, uncertainty, bond prices

28.
Downloads 103 (209,785)

Is Monetary Policy Overburdened?

BIS Working Paper No. 435
Number of pages: 39 Posted: 27 Feb 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 92 (228,030)

Abstract:

Global financial crisis, monetary policy, real-time output gap, fiscal dominance, financial stability, central bank independence

Is Monetary Policy Overburdened?

FRB of Boston Public Policy Discussion Paper No. 13-8
Number of pages: 31 Posted: 22 Oct 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 11 (495,692)

Abstract:

29.

Inflation Zone Targeting

ECB Working Paper No. 8
Number of pages: 59 Posted: 02 Dec 2002
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 100 (205,476)
Citation 31

Abstract:

Inflation Targeting, Price Stability, Optimal Monetary Policy

30.
Downloads 99 (215,514)
Citation 15

The Reform of October 1979: How It Happened and Why

CFS Working Paper 2005/01; FRB of Washington Finance and Economics Discussion Paper No. 2005-02
Number of pages: 95 Posted: 26 Jan 2005
David E. Lindsey, Athanasios Orphanides and Robert Rasche
Independent, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Michigan State University
Downloads 82 (245,494)
Citation 15

Abstract:

Federal Reserve, FOMC, Paul Volcker, monetary reform, operating procedures

The Reform of October 1979: How it Happened and Why

CEPR Discussion Paper No. 4866
Number of pages: 97 Posted: 13 May 2005
David E. Lindsey, Athanasios Orphanides and Robert Rasche
Independent, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Michigan State University
Downloads 17 (461,329)
Citation 15
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Abstract:

Federal reserve, FOMC, Paul Volcker, monetary reform, operating procedures

31.
Downloads 98 (217,003)
Citation 37

Robust Monetary Policy With Imperfect Knowledge

ECB Working Paper No. 764
Number of pages: 56 Posted: 28 Jun 2007
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 57 (301,079)
Citation 37

Abstract:

Monetary policy, natural rate misperceptions, rational expectations, learning

Robust Monetary Policy with Imperfect Knowledge

FEDS Working Paper No. 2007-33, FRB of San Francisco Working Paper No. 2007-08
Number of pages: 48 Posted: 19 Aug 2007
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 41 (349,339)
Citation 37

Abstract:

monetary policy, natural rate misperceptions, rational expectations, learning

32.

The Quest for Prosperity without Inflation

ECB Working Paper No. 15
Number of pages: 68 Posted: 10 Dec 2002
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 96 (206,913)
Citation 130

Abstract:

Great Inflation, Arthur Burns, FOMC, Activist Monetary Policy, Taylor Rule, Prudent Policy Rule, Real-time Data, Potential Output, Full Employment

33.

European Headwind: ECB Policy and Fed Normalization

MIT Sloan Research Paper No. 5119-14
Number of pages: 23 Posted: 12 Nov 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 87 (164,408)

Abstract:

ECB, Federal Reserve, central bank mandate, price stability, zero bound, monetary pillar, balance sheet, quantitative easing, euro area crisis.

34.

Imperfect Central Bank Communication - Information versus Distraction

IMF Working Paper No. 08/60
Number of pages: 33 Posted: 24 Mar 2008
Pär Österholm, Spencer Dale and Athanasios Orphanides
International Monetary Fund (IMF), Bank of England and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 83 (232,844)
Citation 8

Abstract:

Central banks, Transparency

The Term Structure and Inflation Uncertainty

MIT Sloan Research Paper No. 5182-16
Number of pages: 39 Posted: 21 Dec 2016
Tomas Breach, Stefania D'Amico and Athanasios Orphanides
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 53 (312,028)

Abstract:

Quadratic-Gaussian Term Structure Models, in‡Ation Risk Premium, Survey Forecasts, Hidden Factors

The Term Structure and Inflation Uncertainty

FRB of Chicago Working Paper No. WP-2016-22
Number of pages: 46 Posted: 16 Dec 2016
Tomas Breach, Stefania D'Amico and Athanasios Orphanides
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 28 (401,207)

Abstract:

Quadratic-Gaussian Term Structure Models, Inflation Risk Premium, Survey Forecasts, Hidden Factors

The Term Structure and Inflation Uncertainty

CEPR Discussion Paper No. DP11730
Number of pages: 41 Posted: 03 Jan 2017
Tomas Breach, Stefania D'Amico and Athanasios Orphanides
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Abstract:

Hidden Factors, Inflation Risk Premium, Quadratic-Gaussian Term Structure Models, Survey Forecasts

36.

A Quantitative Exploration of the Opportunistic Approach to Disinflation

Board of Governors of the Federal Reserve System Finance and Econ. Disc. Series 97-36
Number of pages: 42 Posted: 10 Feb 1998
Athanasios Orphanides, David H. Small, Volker Wieland and David W. Wilcox
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, University of Frankfurt and Federal Reserve Board - Division of Research and Statistics
Downloads 79 (243,328)
Citation 34

Abstract:

37.

The Road to Price Stability

FEDs Working Paper No. 2006-05
Number of pages: 11 Posted: 03 May 2006
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 72 (258,609)
Citation 6

Abstract:

Price stability, monetary policy, Paul Volcker, Alan Greenspan.

38.

Monetary Policy with Imperfect Knowledge

FEDS Working Paper No. 2005-51, FRB of San Francisco Working Paper No. 2005-17
Number of pages: 13 Posted: 07 Dec 2005
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 72 (258,609)
Citation 113

Abstract:

Natural rate of interest, natural rate of unemployment, rational expectations, learning, monetary policy rules, Taylor rule

39.

Stress Tests as a Policy Tool: The European Experience During the Crisis

MIT Sloan Research Paper No. 5122-14
Number of pages: 15 Posted: 21 Nov 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 68 (226,385)

Abstract:

Stress tests, euro area crisis, bank regulation, macroprudential

40.

Are Rules and Boundaries Sufficient to Limit Harmful Central Bank Discretion? Lessons from Europe

MIT Sloan Research Paper No. 5114-14
Number of pages: 10 Posted: 27 Aug 2014
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 66 (254,566)

Abstract:

Rules, discretion, central bank mandates, ECB, Central Bank of Cyprus, ELA

41.

Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates

FEDS Working Paper No. 2010-01
Number of pages: 55 Posted: 05 Mar 2011
Min Wei and Athanasios Orphanides
Board of Governors of the Federal Reserve - Division of Monetary Affairs and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 40 (339,510)
Citation 8

Abstract:

Macro Term Structure Model, Recursive VAR, Survey Forecasts, Anticipated Utility

42.

Inflation Uncertainty and Disagreement in Bond Risk Premia

FRB of Chicago Working Paper No. 2014-24
Number of pages: 35 Posted: 19 Dec 2014
Stefania D'Amico and Athanasios Orphanides
Federal Reserve Bank of Chicago and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 35 (275,621)

Abstract:

Survey expectations, probabilistic forecasts, heterogeneity, inflation uncertainty, bond risk premia

Leverage as a State Variable for Employment, Inventory Accumulation, Andfixed Investment

NBER Working Paper No. w4800
Number of pages: 36 Posted: 29 Dec 2003
Charles W. Calomiris, Athanasios Orphanides and Steven A. Sharpe
Columbia University - Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Research & Statistics
Downloads 31 (387,406)
Citation 9

Abstract:

Leverage as a State Variable for Employment, Inventory Accumulation, and Fixed Investment

Posted: 20 Dec 1998
Charles W. Calomiris, Athanasios Orphanides and Steven A. Sharpe
Columbia University - Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Research & Statistics

Abstract:

Monetary Policy Mistakes and the Evolution of Inflation Expectations

NBER Working Paper No. w17080
Number of pages: 46 Posted: 23 May 2011
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 22 (432,866)
Citation 4

Abstract:

Monetary Policy Mistakes and the Evolution of Inflation Expectations

CEPR Discussion Paper No. DP7892
Number of pages: 48 Posted: 19 Jul 2010
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of San Francisco
Downloads 6 (522,629)
Citation 4
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Abstract:

Great Inflation, model uncertainty, naturalrate of unemployment, rational expectations, robust control

45.

On the Non-Optimality of Supposedly 'Optimal' Monetary Policy

MIT Sloan Research Paper No. 5136-15
Number of pages: 11 Posted: 02 Aug 2015
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 22 (299,461)

Abstract:

Inflation Targeting, Federal Reserve, ECB, discretion, policy rules, optimal policy

A Quantitative Exploration of the Opportunistic Approach to Disinflation

CEPR Discussion Paper No. 4073
Number of pages: 29 Posted: 20 Nov 2003
Birkbeck, University of London, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, Federal Reserve Board - Division of Research and Statistics and University of Frankfurt
Downloads 17 (461,329)
Citation 16
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Abstract:

Inflation targeting, monetary policy, interest rates, policy rules, disinflation

A Quantitative Exploration of the Opportunistic Approach to Disinflation

CFS Working Paper 2005/19
Posted: 30 Aug 2005
Birkbeck, University of London, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Board - Monetary Studies Section, University of Frankfurt and Federal Reserve Board - Division of Research and Statistics

Abstract:

Inflation targeting, monetary policy, interest rates, policy rules, disinflation

47.

Monetary Policy Lessons from the Crisis

CEPR Discussion Paper No. DP7891
Number of pages: 44 Posted: 19 Jul 2010
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 10 (480,599)
Citation 5
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Abstract:

activist stabilisation policy, asset prices, ECB., financial stability, Great financial crisis, macro-prudential supervision, real-time output gap, robust simple rules, stability-oriented monetary policy

48.

Complexity and Monetary Policy

CEPR Discussion Paper No. DP9107
Number of pages: 44 Posted: 28 Sep 2012
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 4 (508,344)
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Abstract:

complexity, ECB, Financial crisis, model uncertainty, monetary policy, robust simple rules

Economic Projections and Rules-of-Thumb for Monetary Policy

CEPR Discussion Paper No. DP6748
Number of pages: 34 Posted: 10 Jun 2008
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt
Downloads 3 (537,604)
Citation 6
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Abstract:

FOMC, forecasts, monetary policy, policy rules

Economic Projections and Rules-of-Thumb for Monetary Policy

CFS Working Paper No. 2008/16
Posted: 03 Jun 2008
Athanasios Orphanides and Volker Wieland
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Frankfurt

Abstract:

Monetary Policy, Forecasts, FOMC, Policy Rules

50.

Central Bank Policies and the Debt Trap

MIT Sloan Research Paper No. 5187-17
Number of pages: 26 Posted: 07 Feb 2017
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Abstract:

Quantitative easing, debt sustainability, financial repression, Federal Reserve, Bank of Japan , ECB, Italy, Japan, Germany, United States

51.

The Euro Area Crisis Five Years After the Original Sin

MIT Sloan Research Paper No. 5147-15
Number of pages: 33 Posted: 21 Oct 2015
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0 (11,706)

Abstract:

IMF lending, Greece, Germany, European Union, euro, austerity, debt sustainability, systemic exemption, contagion

52.

Errors in the Measurement of the Output Gap and the Design of Monetary Policy

FEDS Working Paper No. 99-45
Posted: 12 Dec 1999
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago, Federal Reserve Board - Division of Research and Statistics, Federal Reserve Board and affiliation not provided to SSRN

Abstract:

53.

Optimal Reform Postponement

Federal Reserve Working Paper No. 94-25
Posted: 10 Sep 1999
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

54.

Estimating the Interest Rate Sensitivity of Liquid Retail Deposit Values

Posted: 20 Dec 1998
James M. O'Brien, Athanasios Orphanides and David H. Small
Board of Governors of the Federal Reserve System - Trading Risk Analysis Section, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Monetary Studies Section

Abstract:

55.

Compensation Incentives and Risk Taking Behavior: Evidence from Mutual Funds

Board of Governors of the Federal Reserve System Finance and Economics DiscussionSeries FEDS Paper Number 96-21
Posted: 21 Apr 1998
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

56.

The Opportunistic Approach to Disinflation

FEDS Working Paper No. 96-24
Posted: 16 Apr 1998
Athanasios Orphanides and David W. Wilcox
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Board - Division of Research and Statistics

Abstract:

57.

Monetary Policy Rules Based on Real-Time Data

Finance and Economics Discussion Series (98-3)
Posted: 31 Mar 1998
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

58.

Inflation, Volatility and Growth

FEDS Paper Number 96-19
Posted: 09 Sep 1996
Ruth Judson and Athanasios Orphanides
Board of Governors of the Federal Reserve - Division of International Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Taxation and Intergenerational Transfers with Family Size Heterogeneity: Do Parents with More Children Prefer Higher Taxes?

JOURNAL OF MONEY, CREDIT, AND BANKING, Vol. 28, No. 2, May 1996
Posted: 11 Sep 1996
Gregory D. Hess and Athanasios Orphanides
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Taxation and Intergenerational Transfers with Family Size Heterogeneity: Do Parents with More Children Prefer Higher Taxes?

Posted: 03 Mar 1995
Gregory D. Hess and Athanasios Orphanides
CESifo (Center for Economic Studies and Ifo Institute for Economic Research) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

60.

Activist Stabilization Policy and Inflation: The Taylor Rule in the 1970s

FEDS Working Paper No. 2000-13
Number of pages: 21 Posted: 10 Aug 2000
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Citation 26

Abstract: