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Author:Moore, George R. 

Working Paper
Monetary policy and the behavior of long-term interest rates

Real output is strongly correlated with the short-term nominal rate of interest. However, standard models of aggregate demand suggest that real output should be correlated with an expected long-term real rate of interest. We argue that the observed output-nominal rate correlation is an artifact of monetary policy. The systematic behavior of monetary policy, in combination with sluggish inflation adjustment and a structural IS curve that relates output to the rationally expected long-term real rate of interest, has made the sample path of the long-term real rate look like the short-term ...
Working Papers in Applied Economic Theory , Paper 93-05

Conference Paper
Monetary policy and the behavior of long-term real interest rates

Proceedings , Issue Mar

Conference Paper
Inflation persistence

Proceedings , Issue Mar

Working Paper
Monetary policy rules and the indicator properties of asset prices

Finance and Economics Discussion Series , Paper 89

Working Paper
The stability of Wicksell's monetary policy rule

Finance and Economics Discussion Series , Paper 94

Working Paper
Inflation persistence

Finance and Economics Discussion Series , Paper 93-17

Working Paper
Monetary policy and the behavior of long-term real interest rates

Finance and Economics Discussion Series , Paper 93-16

Working Paper
Estimating the linear-quadratic inventory model: maximum likelihood versus generalized method of moments

Finance and Economics Discussion Series , Paper 93-11

Monograph
Taxes, inflation, and capital formation

Monograph

Conference Paper
Inflation persistence

Proceedings , Paper 1, pt. 2

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