Atkeson Andrew and Ogaki Masao (1996) Wealth-varying intertemporal elasticities of substitution: Evidence from panel and aggregate data. Journal of Monetary Economics
Attanasio Orazio P. and Weber Guglielmo (1993) Consumption growth, the interest rate and aggregation. Review of Economic Studies
Attanasio Orazio P. and Browning Martin (1995) Consumption over the life cycle and over the business cycle. American Economic Review
Bai Jushan and Perron Pierre (2003) Computation and analysis of multiple structural change models. Journal of Applied Econometrics
Barksy Robert, Justiniano Alejandro, and Melosi Leonardo (2014) The natural rate and its usefulness for monetary policy making. American Economic Association
Basdevant Olivier, Björksten Nils, and Karagedikli Özer (2004) Estimating a time varying neutral real interest rate for New Zealand. Reserve Bank of New Zealand discussion paper 2004/01.
Bilbiie Florin O. and Straub Roland (2012) Changes in the output Euler equation and asset markets participation. Journal of Economic Dynamics and Control
Boivin Jean and Giannoni Marc (2002) Assessing changes in the monetary transmission mechanism: A VAR approach. Federal Reserve Bank of New York Economic Policy Review
Boivin Jean and Giannoni Marc (2006) Has monetary policy become more effective?
Review of Economics and Statistics
Boivin Jean, Kiley Michael T., and Mishkin Frederic S. (2010) How has the monetary transmission mechanism evolved over time? NBER working paper no. 15879.
Campbell John Y. (2003) Consumption-based asset pricing. In Constantinides George M., Harris Milton, and Stulz Rene M. (eds.), Handbook of the Economics of Finance, vol. 1B, pp. 803–887. Amsterdam: North-Holland.
Campbell John Y. and Mankiw Gregory (1989) Consumption, income and interest rates: Reinterpreting the time series evidence. In Blanchard Olivier J. and Fischer Stanley (eds.), NBER Macroeconomic Annual 1989, vol. 4, pp. 185–216. Cambridge, MA: MIT Press.
Canova Fabio and Gambetti Luca (2005) Structural changes in the US economy: Bad luck or bad policy? CEPR discussion paper no. 5457.
Chiappori Pierre-Andŕe and Paiella Monica (2011) Relative risk aversion is constant: Evidence from panel data. Journal of the European Economic Association
Clarida Richard, Gali Jordi, and Gertler Mark (2000) Monetary policy rules and macroeconomic stability: Evidence and some theory. The Quarterly Journal of Economics
Cogley Timothy and Sbordone Argia M. (2008) Trend inflation, indexation, and inflation persistence in the New Keynesian Phillips curve. American Economic Review
Cour-Thimann Philppine, Pilegaard Rasmus, and Stracca Livio (2006) The output gap and the real interest rate gap in the euro area, 1960–2003. Journal of Policy Modeling
Fuhrer Jeffrey C. (2000) Habit formation in consumption and its implications for monetary-policy models. American Economic Review
Fuhrer Jeffrey C. and Estrella Arturo (2003) Are ‘deep’ parameters stable? The Lucas Critique as an empirical hypothesis. Review of Economics and Statistics
Fuhrer Jeffrey C. and Olivei Giovanni (2004) Estimating forward-looking euler equations with GMM estimators: An optimal instruments approach. Federal Reserve Bank of Boston working paper no. 04-2.
Fuhrer Jeffrey C. and Rudebusch Glenn D. (2004) Estimating the Euler equation for output. Journal of Monetary Economics
Gali Jordi (1992) How well does the IS-LM model fit postwar U.S. data?
Quarterly Journal of Economics
Garcia Rene and Perron Pierre (1996) An analysis of the real interest rate under regime shifts. The Review of Economics and Statistics
Giammarioli Nicola and Valla Natacha (2003) The natural rate of interest in the euro area. ECB working paper no. 0233.
Goodhart Charles and Hofmann Boris (2005) The IS curve and the transmission of monetary policy: Is there a puzzle?
Guvenen Fatih (2006) Reconciling conflicting evidence on the elasticity of intertemporal substitution: A macroeconomic perspective. Journal of Monetary Economics
Hall Robert E. (1988) Intertemporal substitution in consumption. Journal of Political Economy
Hansen Bruce E. (1992) The likelihood ratio test under nonstandard conditions: Testing the Markov trend model of GNP. Journal of Applied Econometrics
Huizinga John and Mishkin Frederic S. (1986) Monetary policy regime shifts and the unusual behavior of real interest rates. Carnegie-Rochester Conference Series on Public Policy
Jones Larry E., Manuelli Rodolfo E., and Stacchetti Ennio (2000) Technology (and Policy) shocks in models of endogenous growth. Federal Reserve Bank of Minneapolis Staff Report no. 281.
Justiniano A. and Primiceri Giorgio (2008) The time-varying volatility of macroeconomic fluctuations. The American Economic Review
Justiniano Alejandro, Primiceri Giorgio E., and Tambalotti Andrea (2013) Is there a trade-off between inflation and output stabilization?
American Economic Journal: Macroeconomics
Kiley Michael T. (2015) What can the data tell us about the equilibrium real interest rate? Board of Governors of the Federal Reserve System discussion paper no. 2015-077.
Kim Chang-Jin (1994) Dynamic linear models with Markov-switching. Journal of Econometrics
Kim Chang-Jin and Kim Jaeho (2015) Bayesian inference in regime-switching ARMA models with absorbing states: The dynamics of the ex-ante real interest rate under regime shifts. Journal of Business & Economic Statistics
Kim C. J., Manopimoke Pym, and Nelson Charles R. (2014) Trend inflation and the nature of structural breaks in the New Keynesian Phillips curve. Journal of Money, Credit and Banking
Kim Chang-Jin and Nelson Charles R. (1999) Has the US economy become more stable? A Bayesian approach based on a Markov-switching model of the business cycle. Review of Economics and Statistics
King Robert G. and Rebelo Sergio (1990) Public policy and economic growth: Developing neoclassical implications. Journal of Political Economy
King Robert G., Plosser Charles I., Stock James H., and Watson Mark W. (1991) Stochastic trends and economic fluctuations. American Economic Review
Koustas Zisimos and Serletis Apostolos (1999) On the Fisher effect. Journal of Monetary Economics
Kozicki Sharon and Tinsley Peter A. (2002) Alternative sources of lag dynamics of inflation. FRB Kansas City Research working paper no. 02–12.
Kydland Finn E. and Prescott Edward C. (1982) Time to build and aggregate fluctuations. Econometrica: Journal of the Econometric Society
Larsen Jens D. J. and McKeown Jack (2004) The information content of empirical measures of real interest rate and output gaps for the United Kingdom. Bank of England working paper no. 224.
Laubach Thomas and Williams John (2003) Measuring the natural rate of interest. Review of Economics and Statistics
Lubik Thomas A. and Schorfheide Frank (2004) Testing for indeterminacy: An application to U.S. monetary policy. American Economic Review
Mankiw N. Gregory (1981) The permanent income hypothesis and the real interest rate. Economics Letters
Manopimoke Pym (2009) An analysis of the real interest rate and monetary policy under regime shifts. Thammasat Economic Journal
McConnell Margeret M. and Perez-Quiros Gabriel (2000) Output fluctuations in the United States: What has changed since the early 1980s?
American Economic Review
Mishkin Frederic S. (1981) The real rate of interest: An empirical investigation. National Bureau of Economic Research no. 0622.
Neely Christopher J. and Rapach David E. (2008) Real interest rate persistence: Evidence and implications. Federal Reserve Bank of St. Louis Review
Neiss Katharine S. and Nelson Edward (2003) The real rate gap as an inflation indicator. Macroeconomic Dynamics
Perron Pierre (1990) Testing for a unit root in a time series with a changing mean. Journal of Business & Economic Statistics
Rapach David E. and Wohar Mark E. (2005) Regime changes in international real interest rates: Are they a monetary phenomenon?
Journal of Money, Credit and Banking
Rose Andrew K. (1988) Is the real interest rate stable?
Journal of Finance
Rudebusch Glenn D. (2002) Assessing nominal income rules for monetary policy with model and data uncertainty. The Economic Journal
Rudebusch Glenn D. and Svensson Lars E. O. (1999) Policy rules for inflation targeting. In Taylor John B. (ed.), Monetary Policy Rules, pp. 203–262. Chicago, IL: University of Chicago Press.
Sims Christopher A. and Zha Tao (2006) Were there regime switches in US monetary policy?
American Economic Review
Smets Frank and Wouters Raf (2003) An estimated dynamic stochastic general equilibrium model of the euro area. Journal of the European Economic Association
Stock James H. and Watson Mark W. (1998) Median unbiased estimation of coefficient variance in a time-varying parameter model. Journal of the American Statistical Association
Stracca Livio (2010) Is the New Keynesian IS Curve Structural? European Central Bank working paper no. 1236.
Summers Lawrence H. (1984) The after-tax rate of return affects private savings. American Economic Review
Svensson Lars E. O. (1999) Inflation targeting: some extensions. Scandinavian Journal of Economics
Trostel Philip A. (1993) The effect of taxation on human capital. The Journal of Political Economy
Vissing-Jørgensen Annette (2002) Limited asset market participation and the elasticity of intertemporal substitution. Journal of Political Economy
Weil Philippe (1989) The equity premium puzzle and the risk-free rate puzzle. Journal of Monetary Economics
Woodford Michael (2011) Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton, NJ: Princeton University Press.
Yogo Motohiro (2004) Estimating the elasticity of intertemporal substitution when instruments are weak. The Review of Economic and Statistics