New discussion written up: “Comments on Nancy Stokey, ‘Rules and Discretion’ after Twenty-Five Years,” 17th Annual Conference on Macroeconomics, NBER, Cambridge, MA, Apr 5-6, 2002.
Monthly Archives: April 2002
New revision: “Money and Inflation in the Euro Area: A Case for Monetary Indicators?”(
New revision: “Money and Inflation in the Euro Area: A Case for Monetary Indicators?” (with Stefan Gerlach, Hong Kong Monetary Authority), April 2002. The predictive performance of the output gap has improved, most likely because of better estimation methods.