R Clarida, J Gali… - 1999 - nber.org
This paper reviews the recent literature on monetary policy rules. We exploit the monetary
policy design problem within a simple baseline theoretical framework. We then consider the
implications of adding various real world complications. Among other things, we show that ...
R Clarida, J Gali… - The Quarterly Journal of …, 2000 - qje.oxfordjournals.org
Abstract We estimate a forward-looking monetary policy reaction function for the postwar
United States economy, before and after Volcker's appointment as Fed Chairman in 1979.
Our results point to substantial differences in the estimated rule across periods. In ...
R Clarida, J Gali… - european economic review, 1998 - Elsevier
This paper reports estimates of monetary policy reaction functions for two sets of countries:
the G3 (Germany, Japan, and the US) and the E3 (UK, France, and Italy). We find that since
1979 each of the G3 central banks has pursued an implicit form of inflation targeting, ...
R Clarida… - Carnegie-Rochester conference series on public policy, 1994 - Elsevier
Abstract This paper investigates empirically and attempts to identify the sources of real
exchange-rate fluctuations since the collapse of Bretton Woods. The paper's first two
sections survey and extend earlier, nonstructural empirical work on this subject by ...
R Clarida, J Gali… - 2001 - nber.org
This paper develops a new open economy macro model of optimal monetary for a small
open economy. Our main result is that in this model, the optimal policy problem for the small
open economy is isomorphic to the closed economy case studied in Clarida, Gali, Gertler ( ...
RH Clarida… - 1997 - nber.org
... Chapter pages in book: (p. 363 - 412) Page 2. 10 How the Bundesbank Conducts Monetary Policy
Richard Clarida and Mark Gertler ... Richard Clarida is professor of economics at Columbia University
and a research associate of the National Bureau of Economic Research. ...
R Clarida, J Gali… - Journal of Monetary Economics, 2002 - Elsevier
We study the international monetary policy design problem within an optimizing two-country
sticky price model, where each country faces a short run tradeoff between output and
inflation. The model is sufficiently tractable to solve analytically. We find that in the Nash ...
R Clarida, L Sarno,
M Taylor… - 2001 - nber.org
A large literature suggests that standard exchange rate models cannot outperform a random
walk forecast and that the forward rate is not an optimal predictor of the spot rate. However,
there is evidence that the term structure of forward premia contains valuable information ...
Page 1. NBER WORKING PAPER SERIES THE DOLLAR AND REAL INTEREST RATES John
V. Campbell Richard H. Clarida Working Paper No. 2151 NATIONAL BUREAU OF ECONOMIC
RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 1987 ...
RH Clarida… - Review of Economics and Statistics, 1997 - MIT Press
Page 1. The Review of Economics and Statistics VOL. LXXIX NUMBER 3 AUGUST 1997
THE TERM STRUCTURE OF FORWARD EXCHANGE PREMIUMS AND THE
FORECASTABILITY OF SPOT EXCHANGE RATES: CORRECTING THE ERRORS ...
RH Clarida - 1991 - nber.org
Page 1. NBER WORKING PAPERS SERIES CO-INTEGRATION, AGGREGATE
CONSUMPTION, AND THE DEMAND FOR IMPORTS: A STRUCTURAL
ECONOMETRIC INVESTIGATION Richard H. Clarida Working Paper No. ...
JY Campbell… - Journal of Monetary Economics, 1987 - Elsevier
This paper is an empirical investigation of the predictability and co-movement of risk premia
in the term structure of Euromarket interest rates. We present reg.
RH Clarida… - 2008 - nber.org
Page 1. This PDF is a selection from a published volume from the National Bureau of Economic
Research Volume Title: Asset Prices and Monetary Policy Volume Author/Editor: John Y.
Campbell, editor Volume Publisher: University of Chicago Press ...
R Clarida - 2001 - nber.org
This paper was prepared as a Keynote Address for the ESRC Conference on the Future of
Macroeconomics held at the Bank of England Conference Center on April 14, 2000. It uses
the empirical framework for formulating and estimating forward looking monetary policy ...
RH Clarida - 1993 - nber.org
Page 1. NBER WORKING PAPER SERIES INTERNATIONAL CAPITAL MOBILITY,
PUBLIC INVESTMENT AND ECONOMIC GROWTH Richard H. Clarida Working Paper
No. 4506 NATIONAL BUREAU OF ECONOMIC RESEARCH ...
RH Clarida, M Goretti… - 2007 - nber.org
Page 1. This PDF is a selection from a published volume from the National Bureau
of Economic Research Volume Title: G7 Current Account Imbalances: Sustainability
and Adjustment Volume Author/Editor: Richard H. Clarida, editor ...
RH Clarida - The Quarterly Journal of Economics, 1991 - qje.oxfordjournals.org
Page 1. AGGREGATE STOCHASTIC IMPLICATIONS OF THE LIFE CYCLE
HYPOTHESIS* RICHARD H. CLARIDA This paper sets forth some key aggregate
stochastic implications of the Modigliani-Brumberg [19801 life cycle ...
RH Clarida - International Economic Review, 1990 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 31, No. 3, August 1990
INTERNATIONAL LENDING AND BORROWING IN A STOCHASTIC, STATIONARY
EQUILIBRIUM BY RICHARD H. CLARIDA 1 This paper develops ...
R Clarida, L Sarno,
M Taylor… - CEPR Discussion Paper …, 2005 - papers.ssrn.com
Abstract: We examine the relationship between interest rates of different maturities for the
US, Germany and Japan over the period 1982-2000, using a general, multivariate vector
equilibrium correction modelling framework capable of simultaneously allowing for ...
R Clarida - Cato Journal, 2005 - questia.com
Exchange rate protectionism is a subject much in the news these days especially in regard
to the actions of Japan and China in foreign exchange markets and in the financing of the
US current account deficit. I will discuss each of these issues in turn.
RH Clarida… - 1984 - nber.org
... activity. Richard Clarida Department of Economics Yale University 28 Hillhouse Ave.
New Haven, CT 06540 Benjamin M. Friedman Harvard University Department of
Economics Littauer Center 127 Cambridge, MA 02138 Page 3. ...
RH Clarida - International Economic Review, 1987 - JSTOR
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 28, No. 2, June, 1987 CONSUMPTION,
LIQUIDITY CONSTRAINTS AND ASSET ACCUMULATION IN THE PRESENCE OF
RANDOM INCOME FLUCTUATIONS* BY RICHARD H. CLARIDA' ...
RH Clarida… - The Economic Journal, 2003 - Wiley Online Library
Skip to Main Content. ...
RH Clarida… - The American Economic Review, 1992 - JSTOR
Page 1. Government, Trade, and Comparative Advantage By RICHARD H. CLARIDA
AND RONALD FINDLAY * A "country" in the theory of interna- tional trade is a collection
of households endowed with a given supply of productive ...
RH Clarida - 1991 - nber.org
... dumping equilibrium relative to autarky. Richard Clarida Department of Economics
Columbia University Room 1020 International Affairs Building New York, NY 10027
and NBER Page 3. ENTRY, DUMPING, AND SHAKEOUT ...
RH Clarida - Fair Trade and Harmonization: Economic analysis, 1996 - books.google.com
Page 377. Dumping: In Theory, in Policy, and in Practice Richard H. Clarida Dumping
[is] a predatory pricing practice condemned under US law. US Trade Representative
Clayton Yeutter (1987) as quoted in Bovard (1991), p ...
[CITATION] Monetary policy rules and macroeconomic stability: Evidence and some theory
C Richard, J Gali… - Quarterly Journal of Economics, 2000
RH Clarida - 1999 - nber.org
Page 1. NBER WORKING PAPER SERIES G3 EXCHANGE RATE RELATIONSHIPS:
A RECAP OF THE RECORD AND A REVIEW OF PROPOSALS FOR CHANGE
Richard H. Clarida Working Paper 7434 http://www.nber.org ...
RH Clarida… - … of Finance & …, 1997 - academiccommons.columbia.edu
Page 1. The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework
with Some Empirical support by Richard H. Clarida, Columbia University July 1991,
Revised June 1992 Discussion Paper Series No. 613 Page 2. ...
R Clarida, J Gali… - 1997 - recercat.net
Abstract: This paper reviews the recent literature on monetary policy rules. We exposit the
monetary policy design problem within a simple baseline theoretical framework. We then
consider the implications of adding various real world complications. Among other things, ...
RH Clarida… - 1991 - nber.org
Page 1. NBER WORKING PAPERS SERIES ENDOGENOUS COMPARATIVE
ADVANTAGE, GOVERNMENT, AND THE PATTERN OF TRADE Richard H. Clarida
Ronald Findlay Working Paper No. 3813 NATIONAL BUREAU ...
RH Clarida - 2007 - books.google.com
... Section II: Empirical Studies of G7 Current Account and Exchange Rate Adjustment This section
contains five empirical papers written by Caroline Freund and Frank Warnock; Richard Clarida,
Manuela Goretti, and Mark Tay- lor; Muge Adalet and Barry Eichengreen; Catherine ...
R Clarida, J Davis… - Journal of International Money and …, 2009 - Elsevier
We show that carry trade strategies resemble FX option strategies that sell out of the money
puts on high interest rate currencies. Both strategies collect premiums to generate persistent
excess returns that unwind sharply when volatility increases. We also show that the widely ...
RH Clarida, BM Friedman… - Brookings Papers on Economic …, 1983 - JSTOR
Page 1. RICHARD H. CLARIDA Yale University BENJAMIN M. FRIEDMAN Harvard University
Why Have Short-Term Interest Rates Been So High? THE most visible and persistent feature
of the US financial markets thus far during the 1980s has been high interest rates. ...
R Clarida… - 1999 - nber.org
This paper presents some empirical results on the dynamic relationship between fiscal
policy and the real exchange rate in the G3 countries since advent of floating exchange
rates. This subject is of some interest given the recent shift to fiscal surpluses in the US, ...
RH Clarida - The Review of Economics and Statistics, 1996 - JSTOR
Page 1. The Review of Economics and Statistics VOL. LXXVIII AUGUST 1996 NUMBER 3
CONSUMPTION, IMPORT PRICES, AND THE DEMAND FOR IMPORTED CONSUMER
DURABLES: A STRUCTURAL ECONOMETRIC INVESTIGATION Richard H. Clarida* ...
[CITATION] G-3 exchange-rate relationships: a review of the record and of proposals for change
RH Clarida - 2000 - Princeton Univ Intl Economics
[CITATION] iThe science of monetary policy: Evidence and some theoryj
R Clarida, J Galí… - Journal of Economic Literature, 1999
[CITATION] M. Gertler (1997),\ The Science of Monetary Policy
R Clarida… - Manuscript, New York University, September
RH Clarida… - 1993 - nber.org
Page 1. NBER WORKING PAPER SERIES THE TERM STRUCTURE OF FORWARD
EXCHANGE PREMIA AND THE FORECASTABILTTY OF SPOT EXCHANGE RATES:
CORRECTING THE ERRORS Richard H. Clarida Mark P. Taylor Working Paper No. ...
R Clarida… - Economica, 1994 - JSTOR
This paper studies some implications of economic integration in the context of a neoclassical
model of international trade, public investment and capital mobility. Owing to the
endogeneity of the productive public capital stock, international capital mobility, while ...
[CITATION] Some Thoughts on 'The Sustainability and Adjustment of Global Current Account Imbalances.'
R Clarida - Presentation at the Council on Foreign Relations, 2005
RH Clarida - 2006 - nber.org
... This Section contains five empirical papers written by Caroline Freund and Frank Warnock;
Richard Clarida, Manuella Goretti, and Mark Taylor; Muge Adalet and Barry Eichengreen;
Catherine Mann and Katharina Plück; and Menzie Chinn and Jeffrey Frankel. ...
[CITATION] Saving and Permanent Income in Canada and the United Kingdom
JY Campbell… - Economic Effects of Government Budget, MIT Press, …, 1988
B Világi, RH Clarida… - NBER International Seminar on …, 2005 - JSTOR
Page 1. 7 Dual Inflation and the Real Exchange Rate in New Open Economy
Macroeconomics Balazs Vilagi, Magyar Nemzeti Bank (Central Bank of Hungary) 1.
Introduction The traditional approach in international macroeconomics ...
RH Clarida - Journal of Money, Credit and Banking, 2012 - Wiley Online Library
Skip to Main Content. ...
RH Clarida - 1991 - nber.org
Page 1. NBER WORKING PAPERS SERIES THE REAL EXCHANGE RATE, EXPORTS,
AND MANUFACTURING PROFITS: A THEORETICAL FRAMEWORK WITH SOME
EMPIRICAL SUPPORT Richard H. Clarida Working Paper No. ...
R Clarida… - 1999 - nber.org
This paper implements a novel empirical approach for estimating the importance of
structural factors in explaining the recent behavior of G3 current account positions. Following
the contribution of Sims (1982), we employ a tractable econometric framework that can be ...
Page 1. NBER WORKING PAPER SERIES HOUSEHOLD SAVING AND
PERMANENT INCOME IN CANADA AND THE UNITED KINGDOM John V. Campbell
Richard H. Clarida Working Paper No. 2223 NATIONAL BUREAU ...
[CITATION] Some Thoughts on 'The Sustainability and Adjustment of Global Current Account Imbalances,'” speech given at the Council on Foreign Relations
R Clarida - 2005 - March
[CITATION] Smooth Consumption and Noisy Permanent Income: Is There a Puzzle?
RH Clarida - Manuscript. New York: Columbia Univ, 1988
[CITATION] 0How the Bundesbank Conducts Monetary Policy, 1 in Romer, Christina, and David Romer, eds., Reducing Inflation: Motivation and Strategy
R Clarida… - 1997 - Chicago University Press
R Clarida - 2009 - relooney.fatcow.com
Background As a matter of accounting, the current account (CA) imbalance must equal the
difference between national saving and investment (I). National saving, in turn, is the sum of
private saving (S private) by households and corporations and saving by the government, ...
RH Clarida - NBER International Seminar on Macroeconomics 2008, 2009 - nber.org
Page 1. This PDF is a selection from a published volume from the National Bureau of Economic
Research Volume Title: NBER International Seminar on Macroeconomics 2008 Volume
Author/Editor: Jeffrey Frankel and Christopher Pissarides, organizers ...
RH Clarida - The World Economy, 1989 - Wiley Online Library
Page 1. That Trade Deficit, Protectionism and Policy Coordination Richard H . Cluridu
S the decade of the 1980s comes to a close, economists, forecasters and policy makers
can nearly be heard applauding the on-going shrinkage ...
RH Clarida… - The World Economy, 1993 - Wiley Online Library
... d RICHARD CLARIDA is Assistant Professor of Economics at Columbia University and a Research
Associate with the National Bureau of Economic Research. SUSAN HICKOK is a Research Officer
and Senior Economist at the Federal Reserve Bank of New York. ...
[CITATION] Jordi Gal? and Mark Gertler, 1998
R Clarida - Monetary Policy Rules in Practice: Some
[CITATION] 'Erratum to European Inflation Dyanmics'
R Clarida, J Gali… - European Economic Review, 2003
[CITATION] 2ooo, OMonetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
R Clarida, J Gali… - P Quarterly Journal of Economics
[CITATION] qIs Bad News About Inflation Good News for the Exchange Rate? r
R Clarida… - 2008 - Monetary Policy and Asset Prices, …
[CITATION] Mark Gertler (2001)
R Clarida… - VOptimal Monetary Policy in Open vs. Closed …
[CITATION] What Has—and Has Not—Been Learned about Monetary Policy in a Low Inflation Environment
R Clarida - A Review of the 2000s. Paper presented at “Revisiting …, 2010
[CITATION] How the Bundesbank Conducts Monetary Policy
C Richard, M Gertler - NBER Working Paper, 1996
[CITATION] VOptimal Monetary Policy in Closed versus Open Economies: An Integrated ApproachV NBER Working Paper No
R Clarida, J Gali… - W8604, 2001
[CITATION] Jordi Galí,(1999),“
R Clarida… - The Science of Monetary Policy” Journal of Economic …, 1937
[CITATION] Jordi Gal? and Mark Gertler, 2001
R Clarida - Optimal Monetary Policy Rule in Open versus
R Clarida, J Gali… - Some international …, 1997 - en.scientificcommons.org
[CITATION] NBER International Seminar on Macroeconomics 2004
GB Eggertsson, M Woodford, RH Clarida… - 2006 - MIT Press
RH Clarida - European Economic Review, 1993 - Elsevier
RH Clarida - 2007 - eui.eu
Page 1. Reflections on Monetary Policy Choices in the Open Economy: Implications from an
Optimizing Model Richard H. Clarida C. Lowell Harriss Professor of Economics Columbia
University and NBER rhc2@columbia.edu September 24, 2007 Abstract ...
[CITATION] A Hard Day's Knight: The Global Financial Market Confronts Uncertainty, Not Just Risk (and the Difference is Important)
RH Clarida - Global Perspectives, 2007
RH Clarida - Global Perspectives, PIMCO, July, 2010 - media.pimco.com
Page 1. Richard H. Clarida GLOBAL PERSPECTIVES July 2010 The Mean of the New
Normal Is an Observation Rarely Realized: Focus Also on the Tails July 2010 marks
the third anniversary of the onset of the global financial crisis. ...
[CITATION] G7 Current Account Imbalances: Sustainability and Adjustment
PO Gourinchas, H Rey… - 2007 - University of Chicago Press
[CITATION] H., 2001,“The Empirics of Monetary Policy Rules in Open Economies,”
R Clarida - NBER Working Paper
[CITATION] OThe Science of Monetary Policy: A New Keynesian Perspective,* National Bureau of economic Research Working Paper 7147
R Clarida, J Gali… - 1999 - May
[CITATION] Inflation Targeting and Exchange Rate Dynamics: A Classic Model Reinterpreted
R Clarida - invited lecture at the Central Bank of Mexico, 2004
[CITATION] kThe Dollar and Real Interest Rates, lCarnegie Rochester Conference Series on Public Policy, 27
JY Campbell… - 1987
[CITATION] Optimal Endogenous Growth, Public Capital and the Dynamic Gains from Trade
R Clarida… - Economics Department Discussion Paper, 1991
M Uzan, E Alphandery… - Reinventing …, 2008 - reinventingbrettonwoods.org
BUILDING AN INTERNATIONAL MONETARY AND FINANCIAL SYSTEM FOR THE 21 ST
CENTURY: AGENDA FOR REFORM ... VENUE: ESSEX HOUSE HOTEL 160 Central Park South
New York, www.jumeirahessexhouse.com – Tel. +1 (212)-247-0300
[CITATION] Sources of Real Exchange Rate Fluctuations: How Important Are Nominal Shocks?, B 1994
R Clarida… - NBER Working Paper
[CITATION] Jordi Galí,(2001),“Optimal Monetary Policy in Open vs Closed Economies,”
R Clarida… - American Economic Review
[CITATION] Some Thoughts on Exchange Rate Protectionism
R Clarida - CATO Journal, 2004
[CITATION] Jordi Gal i, and Mark Gertler (1998):\ Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory,"
R Clarida - Working Paper 6442, National …
[CITATION] Mark Gertler,"
R Clarida… - Monetary Policy Rules and Macreconomic Stability: …, 1997
RH Clarida… - Discussion Papers, 1991 - econpapers.repec.org
By Richard H. Clarida and P. Desai; A Model of Liquidity of Overhang for the Soviet Economy.
RH Clarida - 1993 - nber.org
Page 1. NB ER WORKING PAPER SERIES PERMANENT INCOME, IMPORT PRICES,
AND THE DEMAND FOR IMPORTED CONSUMER DURABLES: A STRUCTURAL
ECONOMETRIC INVESTIGATION Richard H. Clarida Working Paper No. ...
RH Clarida - Cowles Foundation Discussion Papers, 1984 - en.scientificcommons.org
RH Clarida - 1982 - dido.econ.yale.edu
Page 1. GOWLES FOUNDATION FOR RESEARCH IN ECONOMICS kl YALE
UNIVERSITY Box 2125, Yale Station New Haven, Connecticut 06520 COWLES
FOUNDATION DISCUSSION PAPER NO. 694 Note: Cowles Foundation ...
RH Clarida - 1986 - nber.org
Page 1. NBER WORKING PAPER SERIES INTERNATIONAL LENDING AND
BORROWING IN A STOCHASTIC SEQUENCE EQUILIBRIUM Richard H. Clarida Working
Paper No. 1944 NATIONAL BUREAU OF ECONOMIC RESEARCH ...
RH Clarida… - 1992 - academiccommons.columbia.edu
Page 1. The Term Structure of Forward Exchange Rates and the Forecastability of Spot Exchange
Rates: Correcting the Errors by Richard H. Clarida, Columbia University Mark P. Taylor, the
International Monetary Fund September 1992 Discussion Paper Series No. 627 5" ...
RH Clarida - INTERNATIONAL ECONOMY, 2008 - international-economy.com
Page 1. 18 THE INTERNATIONAL ECONOMY SPRING 2008 Reflections on Currency
Regimes The uncertainty of the dollar's future role. Ten years ago, in the aftermath
of the Asian-Russian-LTCM crisis, I was invited by Paul ...
[CITATION] The term structure of forward exchange risk premia and the forecastability of spot exchange rate
R Clarida… - NBER, 1993 (Working Paper, 4442)
R Clarida, J Galí… - 1998 - cepr.org
We estimate a forward-looking monetary policy reaction function for the US economy, pre-
and post-October 1979. Our results point to substantial differences in the estimated rule
across periods. In particular, interest rate policy in the Volcker-Greenspan period appears ...
R Clarida - Cowles Foundation Discussion Papers, 1984 - dido.econ.yale.edu
ABSTRACT We establish rigorously the existence and properties of the stationary probability
distribution which characterizes the accumulation of non-contingent financial claims by a risk
averse individual who confronts random wage fluctuations and incomplete insurance ...
C Richard… - Carnegie-Rochester Conference Series on …, 1994 - 万方数据资源系统
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JY Campbell, LM Viceira, JS White… - The Economic …, 2003 - res.org.uk
[CITATION] On the stationary state and dynamic properties of the stochastic permanent income model
RH Clarida - 1983 - Harvard University
RH Clarida - 1986 - nber.org
Page 1. NBER WORKING PAPER SERIES THE BALANCE OF PAYMENTS
ADJUSTMENT MECHANISM IN A RATIONAL EXPECTATIONS MODEL Richard H.
Clarida Working Paper No. 1945 NATIONAL BUREAU OF ECONOMIC ...
RH Clarida - Journal of Money, Credit, and Banking, 2003 - en.scientificcommons.org
AB Abel, M Abramovitz, G Ackley, J Altonji… - nber.org
Page 1. Author Index Abel, Andrew B., 275, 277, 278, 301 Abramovitz, Moses, 183, 190, 206
Ackley, Gardner, 221 Altonji, Joseph, 240, 242, 587 Anderson, Barry, 240 Anderson, Leonall
A., 7 Andrew, A. Piatt, 692 Ashenfelter, Orley, 587 Ashton, TS, 741, 743 ...
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