Toward a Taylor rule for fiscal policy

Discretion versus policy rules in practice

John B. Taylor · Carnegie-Rochester Conference Series on Public Policy · 1993 · 9K citations

Policy Management, Public Policy, Government Regulation +2

INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY

Michael Woodford, Carl E. Walsh · Macroeconomic Dynamics · 2005 · 5.7K citations

Monetary Policy, Economics, Humanities +7

Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach

Frank Smets, Rafael Wouters · American Economic Review · 2007 · 4.6K citations

Us Business Cycles, Macroeconomic Forecasting, Applied Econometrics +20

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Olivier Blanchard, Roberto Perotti · The Quarterly Journal of Economics · 2002 · 2.8K citations

Optimal monetary policy with staggered wage and price contracts

Christopher J. Erceg, Dale W. Henderson, Andrew Levin · Journal of Monetary Economics · 2000 · 2.3K citations · Full text

Monetary Policy, Economics, Monetary Theory +5