Working Paper
Monetary policy and the behavior of long-term interest rates
Fuhrer, Jeffrey C.; Moore, George R. (1993)
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

Working Paper
Monetary policy and the behavior of long-term real interest rates
Fuhrer, Jeffrey C.; Moore, George R. (1993)
Finance and Economics Discussion Series , Paper 93-16

Working Paper
Inflation persistence
Fuhrer, Jeffrey C.; Moore, George R. (1993)
Finance and Economics Discussion Series , Paper 93-17

Working Paper
Estimating the linear-quadratic inventory model: maximum likelihood versus generalized method of moments
Moore, George R.; Schuh, Scott; Fuhrer, Jeffrey C. (1993)
Finance and Economics Discussion Series , Paper 93-11

Conference Paper
Modeling the disaggregated demands for M2 and M1: the U.S. experience in the 1980s
Porter, Richard D.; Small, David H.; Moore, George R. (1990)
Proceedings

Discussion Paper
An autopsy of a conventional macroeconomic relation: the case of money demand
Swamy, P. A. V. B.; Moore, George R.; Tinsley, Peter A. (1982)
Special Studies Papers , Paper 167

Working Paper
Monetary policy rules and the indicator properties of asset prices
Fuhrer, Jeffrey C.; Moore, George R. (1989)
Finance and Economics Discussion Series , Paper 89

Conference Paper
Monetary policy and the behavior of long-term real interest rates
Fuhrer, Jeffrey C.; Moore, George R. (1993-03)
Proceedings , Issue Mar

Conference Paper
Inflation persistence
Fuhrer, Jeffrey C.; Moore, George R. (1993-03)
Proceedings , Issue Mar

Working Paper
A weekly perfect foresight model of the nonborrowed reserve operating procedure
Goodfriend, Marvin; Porter, Richard D.; Moore, George R.; Kashyap, Anil K.; Anderson, Gary S. (1984)
Of the many studies analyzing the Federal Reserve's post-October 6, 1979 nonborrowed reserve (NBR) operating procedure, none has focused upon weekly money market dynamics under rational expectations. This paper employs the rational expectations assumption in an explicit institutional model of the NBR procedure. The paper is positive rather than normative, isolating the policy elements that comprise the procedure and investigating their dynamic interaction.
Working Paper , Paper 84-04