Published Classic Journal of Political Economy Published Dec 1994The Dynamic Impacts of Monetary Policy: An Exercise in Tentative IdentificationDavid B. Gordon · Eric M. LeeperThis 1994 Journal of Political Economy paper by David B. Gordon and Eric M.
Published Classic Brookings Papers on Economic Activity Published Sep 1996What Does Monetary Policy Do?Eric M. Leeper · Christopher A. Sims · Tao ZhaThis 1996 Brookings Papers on Economic Activity paper by Eric Leeper, Christopher Sims, and Tao Zha asks what monetary policy actually does, and argues that the answer the identified-VAR literature …