Stephen G. Cecchetti


International Business School
Brandeis University

 

Policy Papers and Book Chapters

 

The New Economy and the Challenges for Macroeconomic Policy, in Dennis W. Jansen, ed. The New Economy. How New? How Resilient?   Chicago, Ill.: University of Chicago Press, forthcoming.

 

The European Central Bank:  A View from Across the Ocean, in R. Beetsma, C. Favero, A. Missale, V.A. Muscatelli, P. Natale and P. Tirelli, editors, Fiscal Policies, Monetary Policies and Labour Markets. Key Aspects of European Macroeconomic Policies after Monetary Unification, Cambridge, England:  Cambridge University Press, forthcoming.

 

Asset Prices in a Flexible Inflation Targeting Framework, in William C. Hunter, George G. Kaufman and Michael Pomerleano, editors, Asset Price Bubbles: Implications for Monetary, Regulatory, and International Policies”, Cambridge, Mass.:  MIT Press, 2002, 427-444. (with H. Genberg and S. Wadhwani).

 

A Stochastic Cost-of-Life Index, in William C. Hunter, George G. Kaufman and Michael Pomerleano, editors, Asset Price Bubbles: Implications for Monetary, Regulatory, and International Policies”, Cambridge, Mass.:  MIT Press, 2002, 277-290 (with M. Bryan and R. OSullivan.).

 

Central Bank Structure, Policy Efficiency and Macroeconomic Performance: Exploring Empirical Relationships,” Economic Review of the Federal Reserve Bank of St. Louis, 84 (July/August 2002), 47-59. (with S. Krause).

 

`Asset Prices and Central Bank Policy Geneva Reports on the World Economy, No. 2, International Center for Monetary and Banking Studies and Centre for Economic Policy Research, July 2000 (with H. Genberg, J. Lipsky and S. Wadhwani).

 

`Monetary Policy Making and Uncertainty in I. Angeloni, F. Smets and A.Weber , eds ., Proceedings of the Conference on Monetary Policy-Making Under Uncertainty, European Central Bank, June 2000, 30-36.

 

`Understanding Inflation: Implications for Monetary Policy, in Jacques H. Drčze, ed., Proceedings of the Twelfth World Congress of the International Economics Association, forthcoming. (with E. Groshen). NBER Working Paper No. 7482, January 2000.

 

`Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers Preferences and Outcomes, in Klaus Schmidt-Hebbel, ed. Monetary Policy: Rules and Transmission Mechanisms, Proceedings of the Third Annual Conference of the Central Bank of Chile, forthcoming (with M. Ehrmann). NBER Working Paper No. 7426, December 1999.

 

`Legal Structure, Financial Structure and the Monetary Transmission Mechanism, in H. Hermann and R. Köning, eds., The Monetary Transmission Process, London: Macmillan, forthcoming (proceedings of the conference on "The Monetary Transmission Process: Recent Developments and Lessons for Europe," sponsored by the Deutsche Bundesbank in Frankfurt, Germany, March 26, 1999); reprinted in the  Economic Policy Review of the Federal Reserve Bank of New York, vol. 5, no. 2, July 1999, p. 9-28; and available as NBER Working Paper No. 7151, June 1999. 

 

`The Unreliability of Inflation "Indicators",  Current Issues in Economics and Finance, Federal Reserve Bank of New York, April 2000. (with with R. Chu and C. Steindel).

 

`Why Has U.S. Inflation Remained So Low?  Central Bank Forum of the Federal Reserve Bank of New York, June 1999.

 

`The Future of Financial Intermediation and Regulation: An Overview, Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5, no. 8, May 1999.

 

`The Monthly Measurement of Core Inflation in Japan, Monetary and Economic Studies (published by the Institute for Monetary and Economic Studies of the Bank of Japan) 17 (May 1999) 77-102. (with M. Bryan).

 

Central Bank Accountability in Formulating Monetary Policy, Proceedings of the Seminar on Current Legal Issues Affecting Central Banks, Washington, D.C.: International Monetary Fund, forthcoming.

 

Understanding the Great Depression: Lessons for Current Policy, in M. Wheeler, ed., The Economics of the Great Depression, Kalamazoo, Michigan: W.E. Upjohn Institute for Employment Research, 1998, 171-194.

 

`Central Bank Policy Rules: Conceptual Issues and Practical Considerations, and in H. Wagner, ed. Current Issues in Monetary Economics, Heidelberg: Physica-Verlag, 1998, 121-140.

 

`Policy Rules and Targets: Framing the Central Bankers Problem, Economic Policy Review of the Federal Reserve Bank of New York 4 (June 1998) 1-14.

 

`The Neutrality of Money, in D. Glasner, ed., Encyclopedia of Business Cycles, Panics Crises and Depressions, New York: Garland Publishing, Inc., 1997, 481-484.

 

`Measuring Short-Run Inflation For Central Bankers, Economic Review of the Federal Reserve Bank of St. Louis, 79 (May/June 1997) 143-156 (NBER Working Paper No. 5786).

 

`Practical Issues in Monetary Policy Targeting, Economic Review of the Federal Reserve Bank of Cleveland, 32 (1996 Quarter 1) 2-15.

 

`Inflation Indicators and Inflation Policy, in B. Bernanke and J. Rotemberg, eds. NBER Macroeconomics Annual, Cambridge, MA.: M.I.T. Press, 1995, 189-219.

 

`Distinguishing Theories of the Monetary Transmission Mechanism, Economic Review of the Federal Reserve Bank of St. Louis 77 (May/June 1995) 83-97.

 

The Seasonality of Inflation, Economic Review of the Federal Reserve Bank of Cleveland, (1995 Quarter 2) 12-23 (with M. Bryan).

 

Measuring Core Inflation, in Monetary Policy, N. Gregory Mankiw, ed., Chicago: University of Chicago Press for NBER, 1994, 195-215 (with M. Bryan).

 

The Consumer Price Index as a Measure of Inflation, Economic Review of the Federal Reserve Bank of Cleveland 29 (1993 Quarter 4) 15-24 (with M. Bryan).

 

The Stock Market Crash of 1929, in Peter Newman, Murray Milgate and John Eatwell, eds. The New Palgrave Dictionary of Money and Finance, London: Macmillan, Ltd., 1992, pg. 573-77. (Reprinted in White, Eugene N., editor, Stock Market Crashes and Speculative Manias, Cheltenham, U.K.: Edward Elgar Publishing, 1996, p. 415-419.)

 

High Real Interest Rates: Can They Be Explained?, Economic Review Federal Reserve Bank of Kansas City 71 (September/October 1986) 31-43.

 

The Theory of Exhaustible Resources in P. Berck and L. Dale, editors, Economics and Mineral Planning, Division of Agriculture and Natural Resources, University of California, Bulletin Number 1812, 1984 (with P. Berck, N. Gallini and N. Williams).

 

OPEC II and the Wage-Price Spiral in R. Zeckhauser, editor, What Role for Government?, Durham, N.C.: Duke University Press, 1983 (with D. McClain, M. McKee and D. Saks).

Employment and Training Policy and the National Economy, Chapter 2 of the Seventh Annual Report of the National Commission for Employment Policy, Washington, D.C.: U.S. Government Printing Office, 1981 (with R. Warren and D. Saks).