This 2012 Brookings Papers on Economic Activity paper by James Stock and Mark Watson asks whether the unusual severity of the 2007-09 recession and the weakness of the recovery that followed required …
PublishedClassicBrookings Papers on Economic ActivityPublished Jan 2004
This 2004 Brookings Papers on Economic Activity paper by Ben Bernanke, Vincent Reinhart, and Brian Sack asks whether "nonstandard" monetary policies can still work once the short-term policy rate is …
PublishedClassicBrookings Papers on Economic ActivityPublished Sep 2011
This 2011 Brookings Papers on Economic Activity paper by Arvind Krishnamurthy and Annette Vissing-Jorgensen evaluates the effect of the Federal Reserve's large-scale purchases of long-term Treasuries …
PublishedClassicBrookings Papers on Economic ActivityPublished Jan 2003
This 2003 Brookings Papers on Economic Activity article by Gauti Eggertsson and Michael Woodford builds a fully dynamic New Keynesian general-equilibrium model — Calvo (1983) staggered pricing, money …
PublishedClassicBrookings Papers on Economic ActivityPublished Sep 1996
This 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 …