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

Discretion versus policy rules in practice

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

Public Affairs, Public Policy, Regulatory Policy +8

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Lawrence J. Christiano, Martin Eichenbaum, Charles L. Evans · Journal of Political Economy · 2005 · 5.9K citations

Social Sciences, Economics, Labor Economics +11

The Science of Monetary Policy: A New Keynesian Perspective

Richard H. Clarida, Mark Gertler · Journal of Economic Literature · 1999 · 5K citations

Social Sciences, Economics, Public Finance +12

An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area

Frank Smets, Raf Wouters · Journal of the European Economic Association · 2003 · 3.6K citations

Social Sciences, Economics, Financial Economics +15

Inflation dynamics: A structural econometric analysis

Jordi Galı́, Mark Gertler · Journal of Monetary Economics · 1999 · 3.1K citations · Full text

Social Sciences, Business Economics, Economics +15