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Cited by 266

The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.

Macroeconomic Modeling for Monetary Policy Evaluation

Open access
Galsí, Jordi, Gertler, Mark·2007·Journal of Economic Perspectives
DOI 10.1257/jep.21.4.25
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Abstract

We describe some of the main features of the recent vintage of macroeconomic models used for monetary policy evaluation. We point to some of the key differences with respect to the earlier generation of macro models and highlight the insights for policy that these new frameworks have to offer. Our discussion emphasizes two key aspects of the new models: 1) the significant role of expectations of future policy actions in the monetary transmission mechanism and 2) the importance for the central bank of tracking the flexible price equilibrium values of the natural levels of output and the real interest rate. We argue that both features have important implications for the conduct of monetary policy.

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Metadata

Authors
Galsí, J., & Gertler, M.
Venue
Journal of Economic Perspectives
Publisher
American Economic Association
Published
2007-11-01
Volume
21
Issue
4
Pages
25-45
ISSN
0895-3309 (ISSN-L)
DOI
10.1257/jep.21.4.25
OpenAlex
W3125215479
Cited by
266
References
45
FWCI
41.55
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Macroeconomic Modeling for Monetary Policy Evaluation. https://app.cochat.ai/papers/10.1257/jep.21.4.25
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Galsí, J., & Gertler, M. (2007). Macroeconomic Modeling for Monetary Policy Evaluation. Journal of Economic Perspectives. https://doi.org/10.1257/jep.21.4.25

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.