Athanasios Orphanides

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

Professor of the Practice

100 Main Street

E62-416

Cambridge, MA 02142

United States

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

SCHOLARLY PAPERS

64

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CITATIONS
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1,691

Scholarly Papers (64)

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 1,940 (7,239)

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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 (640,254)
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currency union, Cyprus, Deauville, euro, European integration, sovereign debt

2.

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 1,480 (11,530)

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

3.

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 1,286 (14,402)
Citation 28

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4.

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 810 (28,584)

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Cyprus, euro area, crisis, sovereign debt, populism

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 775 (30,354)
Citation 36

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growth, conflict, terrorism

6.

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 724 (33,329)
Citation 19

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

7.

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 491 (55,328)
Citation 16

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monetary policy, simple rules

8.

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 System - 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 483 (56,514)
Citation 51

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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 401 (70,248)
Citation 61

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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 (496,420)
Citation 61
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Dynamic term structure models, survey data, interest rate forecasts, term premia, expectations hypothesis

10.

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 412 (68,615)
Citation 13

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11.

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
Downloads 402 (70,688)

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

12.

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 382 (75,048)
Citation 26

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

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 197 (150,426)

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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 142 (200,542)

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

14.

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 329 (89,118)
Citation 120

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15.

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 294 (100,747)
Citation 72

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Monetary policy rules, inflation, unemployment, Greenbook forecasts

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 252 (118,068)
Citation 48

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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 (496,420)
Citation 84
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Phillips curve, output gap, inflation forecasts, real-timing data

17.

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 277 (107,399)
Citation 86

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Federal Reserve, policy rule, real-time data

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 New York
Downloads 231 (128,957)
Citation 115

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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 Last Revised: 04 Nov 2010
Athanasios Orphanides and John C. Williams
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Bank of New York
Downloads 43 (411,741)
Citation 115

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19.

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 253 (118,099)
Citation 96

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

20.
Downloads 253 (118,099)

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 253 (117,592)
Citation 27

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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

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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 233 (127,842)

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

22.

ECB Monetary Policy and Euro Area Governance: Collateral Eligibility Criteria for Sovereign Debt

MIT Sloan Research Paper No. 5258-17
Number of pages: 17 Posted: 26 Nov 2017
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 232 (128,904)

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ECB, collateral eligibility, sovereign debt, euro crisis, credit ratings, cliff effect

The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound

MIT Sloan Research Paper No. 5197-17
Number of pages: 44 Posted: 11 May 2017
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 222 (134,168)

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quantitative easing, zero lower bound, euro crisis, ECB, loss sharing, collateral eligibility, sovereign debt, safe assets, redenomination risk, credit risk

The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound

CEPR Discussion Paper No. DP12039
Number of pages: 46 Posted: 15 May 2017
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
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collateral eligibility, credit risk., ECB, Euro crisis, loss sharing, Quantitative easing, redenomination risk, safe assets, Sovereign debt, zero lower bound

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 169 (173,026)
Citation 74

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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 (508,455)
Citation 74
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Inflation targeting, price stability, monetary policy rules, liquidity trap

25.

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 179 (164,322)
Citation 102

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26.

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 168 (173,801)

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

27.

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 New York
Downloads 168 (173,801)
Citation 87

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

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 New York
Downloads 95 (270,292)
Citation 48

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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 New York
Downloads 43 (411,741)
Citation 48

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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 New York
Downloads 21 (520,911)
Citation 48
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Monetary policy, stagflation, rational expectations, learning

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 98 (264,809)

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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 60 (353,744)

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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
Downloads 0
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Hidden Factors, Inflation Risk Premium, Quadratic-Gaussian Term Structure Models, Survey Forecasts

30.

Independent Central Banks and the Interplay between Monetary and Fiscal Policy

MIT Sloan Research Paper No. 5257-17
Number of pages: 24 Posted: 26 Nov 2017
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 157 (184,116)

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Central bank independence, accountability, legitimacy, discretion, moral hazard, Bank of Japan, ECB, Italy, Japan, Germany

31.
Downloads 156 (185,039)
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 - Faculty of Business and Economics (WWZ) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 132 (212,820)
Citation 5

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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 - Faculty of Business and Economics (WWZ) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 24 (502,424)
Citation 5
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rules, discretion, credibility, dynamic inconsistency, inflation targeting

32.

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 135 (208,236)
Citation 12

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33.
Downloads 125 (221,165)
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 New York
Downloads 97 (266,598)
Citation 47

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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 New York
Downloads 28 (479,217)
Citation 47
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Inflation forecasts, policy rules, rational expectations, learning

34.
Downloads 116 (233,851)
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 New York
Downloads 97 (266,598)
Citation 19

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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 New York
Downloads 19 (533,460)
Citation 19
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Learning, natural rate of interest, natural rate of unemployment, rational expectations, monetary policy rules, uncertainty, bond prices

35.

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 116 (233,851)
Citation 31

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Inflation Targeting, Price Stability, Optimal Monetary Policy

36.
Downloads 115 (235,315)

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 100 (261,273)

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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 15 (558,891)

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37.

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 113 (238,376)
Citation 130

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

38.

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 107 (247,720)

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Stress tests, euro area crisis, bank regulation, macroprudential

39.
Downloads 107 (247,720)
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 90 (279,936)
Citation 15

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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 (546,143)
Citation 15
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Federal reserve, FOMC, Paul Volcker, monetary reform, operating procedures

40.
Downloads 101 (257,834)
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 New York
Downloads 58 (359,867)
Citation 37

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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 New York
Downloads 43 (411,741)
Citation 37

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monetary policy, natural rate misperceptions, rational expectations, learning

41.

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 98 (262,986)
Citation 8

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Central banks, Transparency

42.

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 89 (279,710)
Citation 34

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43.

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 88 (281,675)

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

44.

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
Downloads 84
Citation 26

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45.

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 83 (292,054)

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

46.

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 New York
Downloads 76 (307,676)
Citation 113

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

47.

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 75 (309,955)
Citation 6

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

48.

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 64 (337,799)

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

49.

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 48 (386,383)
Citation 7

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

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

NBER Working Paper No. w4800
Number of pages: 36 Posted: 29 Dec 2003 Last Revised: 17 Aug 2010
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 34 (449,446)
Citation 9

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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

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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 New York
Downloads 22 (514,665)
Citation 4

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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 New York
Downloads 6 (617,961)
Citation 4
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Great Inflation, model uncertainty, naturalrate of unemployment, rational expectations, robust control

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 (546,143)
Citation 16
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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

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

53.

Trust and Cohesion in Europe: Lessons from the Delian League

MIT Sloan Research Paper No. 5716-19
Number of pages: 9 Posted: 27 Mar 2019
Athanasios Orphanides
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (532,517)

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European Union, ECB, euro crisis, Delian League

54.

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 (567,581)
Citation 5
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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

55.

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
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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
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Citation 6
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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

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Monetary Policy, Forecasts, FOMC, Policy Rules

57.

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, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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58.

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

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59.

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

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60.

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

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61.

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

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62.

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

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63.

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

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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

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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

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