Journal of Economic Perspectives

Ben S. Bernanke · Frederic S. Mishkin

This 1997 Journal of Economic Perspectives essay by Ben Bernanke and Frederic Mishkin is a survey and policy assessment, not an empirical study: it draws on comparative experience across the eight …

Ben S. Bernanke · Mark Gertler

This 1995 Journal of Economic Perspectives paper by Ben Bernanke and Mark Gertler surveys the "credit channel" of monetary policy transmission — described explicitly as an amplifying mechanism, not an …

Greg Kaplan · Giovanni L. Violante

This essay argues that the Great Recession exposed how badly representative-agent models capture household consumption behavior, and outlines the emerging Heterogeneous Agent New Keynesian (HANK) …

William Poole

This 1988 Journal of Economic Perspectives paper by William Poole is a survey and analytical essay -- not a structural estimation exercise with a formal identification strategy -- that draws lessons …

Lawrence J. Christiano · Martin S. Eichenbaum · Mathias Trabandt

This 2018 Journal of Economic Perspectives essay by Lawrence Christiano, Martin Eichenbaum, and Mathias Trabandt is a perspective/survey defense of dynamic stochastic general equilibrium (DSGE) …

Frederic S. Mishkin

This 1995 Journal of Economic Perspectives paper by Frederic Mishkin is the introduction to a JEP symposium on the monetary transmission mechanism, and it contains no original data or estimation of …

John B. Taylor

This 1995 Journal of Economic Perspectives paper by John B. Taylor lays out an empirical framework for the monetary transmission mechanism and asks what it implies for the choice between fixed and …

J. Bradford De Long

Tracing the 20th-century history of "monetarism" through four successive subspecies, De Long argues that although monetarism's most politically influential and empirically fragile form collapsed in …

James H. Stock · Mark W. Watson

This 2001 Journal of Economic Perspectives paper by James Stock and Mark Watson reviews how vector autoregressions (VARs) have performed at the four core tasks of applied macroeconometrics — data …