A Note on the Role of Countercyclical Monetary Policy

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Previous article No AccessCommentA Note on the Role of Countercyclical Monetary PolicyCharles T. Carlstrom and Timothy S. FuerstCharles T. CarlstromFederal Reserve Bank of Cleveland Search for more articles by this author and Timothy S. FuerstBowling Green State University and Federal Reserve Bank of Cleveland Search for more articles by this author Federal Reserve Bank of ClevelandBowling Green State University and Federal Reserve Bank of ClevelandPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 106, Number 4August 1998 Article DOIhttps://doi.org/10.1086/250033 Views: 26Total views on this site Citations: 13Citations are reported from Crossref © 1998 by The University of Chicago. All rights reserved.PDF download Crossref reports the following articles citing this article:Todd E. Clark, Matthias Paustian, Eric Sims Credit Market Frictions, Business Cycles, and Monetary Policy: The Research Contributions of Charles Carlstrom and Timothy Fuerst, Economic Commentary (Federal Reserve Bank of Cleveland) (Mar 2020): 1–5.https://doi.org/10.26509/frbc-ec-202007Roberto Duncan Institutional quality, the cyclicality of monetary policy and macroeconomic volatility, Journal of Macroeconomics 39 (Mar 2014): 113–155.https://doi.org/10.1016/j.jmacro.2013.11.004Michael P. Evers Strategic monetary policy in interdependent economies: Gains from coordination reconsidered, Journal of International Money and Finance 32 (Feb 2013): 360–376.https://doi.org/10.1016/j.jimonfin.2012.04.007Peng-fei Wang, Yi Wen Volatility, growth, and welfare, Journal of Economic Dynamics and Control 35, no.1010 (Oct 2011): 1696–1709.https://doi.org/10.1016/j.jedc.2011.04.008Pengfei Wang, Yi Wen Volatility, Growth, and Welfare, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1292335Pengfei Wang, Yi Wen Incomplete Information and Self-Fulfilling Prophecies, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1396750Pengfei Wang, Yi Wen Incomplete Information and Self-Fulfilling Prophecies, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.1010640Tomoyuki Nakajima, Herakles Polemarchakis Money and Prices Under Uncertainty, The Review of Economic Studies 72, no.11 (Jan 2005): 223–246.https://doi.org/10.1111/0034-6527.00330Charles T Carlstrom Comments on “Optimal fiscal and monetary policy under imperfect competition”, Journal of Macroeconomics 26, no.22 (Jun 2004): 219–222.https://doi.org/10.1016/j.jmacro.2003.11.003Bernardino Adao, Isabel Correia, Pedro Teles Gaps and Triangles, Review of Economic Studies 70, no.44 (Oct 2003): 699–713.https://doi.org/10.1111/1467-937X.00263Isabel H. Correia, Juan Pablo Nicolini, Pedro Teles Optimal Fiscal and Monetary Policy: Equivalence Results, SSRN Electronic Journal (Jan 2003).https://doi.org/10.2139/ssrn.365064Bernardino Manuel Adão, Isabel H. Correia, Pedro Teles Gaps and Triangles, SSRN Electronic Journal (Jan 2001).https://doi.org/10.2139/ssrn.294939Timothy S. Fuerst Some models to guide monetary policymakers, Carnegie-Rochester Conference Series on Public Policy 48 (Jun 1998): 43–50.https://doi.org/10.1016/S0167-2231(98)00015-3