Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Money and Banking

Some JEP articles recommended for classroom use

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Faculty members teaching these courses also included papers that appear under the course listings for Intermediate Macroeconomics, Financial Markets, Behavioral Economics, Econometrics, International, and Labor Economics."

Since 2010

Symposium: Friedman’s Natural Rate Hypothesis after 50 Years (Winter 2018) https://www.aeaweb.org/issues/496

Mankiw, N. Gregory, and Ricardo Reis. 2018. “Friedman’s Presidential Address in the Evolution of Macroeconomic Thought.” Journal of Economic Perspectives 32 (1): 81–96. https://www.aeaweb.org/articles?id=10.1257/jep.32.1.81

Blanchard, Olivier. 2018. “Should We Reject the Natural Rate Hypothesis?” Journal of Economic Perspectives 32 (1): 97–120. https://www.aeaweb.org/articles?id=10.1257/jep.32.1.97

Hall, Robert E., and Thomas J. Sargent. 2018. “Short-Run and Long-Run Effects of Milton Friedman’s Presidential Address.” Journal of Economic Perspectives 32 (1): 121–34. https://www.aeaweb.org/articles?id=10.1257/jep.32.1.121

Ihrig, Jane E., Ellen E. Meade, and Gretchen C. Weinbach. 2015. “Rewriting Monetary Policy 101: What’s the Fed’s Preferred Post-Crisis Approach to Raising Interest Rates?” Journal of Economic Perspectives 29 (4): 177–98. https://www.aeaweb.org/articles?id=10.1257/jep.29.4.177 

Symposium: The First 100 Years of the Federal Reserve (Fall 2013) https://www.aeaweb.org/issues/319 

Bernanke, Ben S. 2013. “A Century of US Central Banking: Goals, Frameworks, Accountability.” Journal of Economic Perspectives 27 (4): 3–16. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.3 

Reis, Ricardo. 2013. “Central Bank Design.” Journal of Economic Perspectives 27 (4): 17–44. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.17 

Gorton, Gary, and Andrew Metrick. 2013. “The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort.” Journal of Economic Perspectives 27 (4): 45–64. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.45 

Rotemberg, Julio J. 2013. “Shifts in US Federal Reserve Goals and Tactics for Monetary Policy: A Role for Penitence?” Journal of Economic Perspectives 27 (4): 65–86. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.65 

Eichengreen, Barry. 2013. “Does the Federal Reserve Care about the Rest of the World?” Journal of Economic Perspectives 27 (4): 87–104. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.87 

Feldstein, Martin. 2013. “An Interview with Paul Volcker.” Journal of Economic Perspectives 27 (4): 105–20. https://www.aeaweb.org/articles?id=10.1257/jep.27.4.105 

Lane, Philip R. 2012. “The European Sovereign Debt Crisis.” Journal of Economic Perspectives 26 (3): 49–68. https://www.aeaweb.org/articles?id=10.1257/jep.26.3.49 

2000–2009

Symposium: Monetary Policy (Fall 2007) https://www.aeaweb.org/issues/76 

Woodford, Michael. 2007. “The Case for Forecast Targeting as a Monetary Policy Strategy.” Journal of Economic Perspectives 21 (4): 3–24. https://www.aeaweb.org/articles?id=10.1257/jep.21.4.3 

Galí, Jordi, and Mark Gertler. 2007. “Macroeconomic Modeling for Monetary Policy Evaluation.” Journal of Economic Perspectives 21 (4): 25–46. https://www.aeaweb.org/articles?id=10.1257/jep.21.4.25 

Goodfriend, Marvin. 2007. “How the World Achieved Consensus on Monetary Policy.” Journal of Economic Perspectives 21 (4): 47–68. https://www.aeaweb.org/articles?id=10.1257/jep.21.4.47 

Crowe, Christopher, and Ellen E. Meade. 2007. “The Evolution of Central Bank Governance around the World.” Journal of Economic Perspectives 21 (4): 69–90. https://www.aeaweb.org/articles?id=10.1257/jep.21.4.69 

Demirgüç-Kunt, Asli, and Edward J. Kane. 2002. “Deposit Insurance Around the Globe: Where Does It Work?” Journal of Economic Perspectives 16 (2): 175–95. https://www.aeaweb.org/articles?id=10.1257/0895330027319 

Before 2000

Blinder, Alan S. 1997. “Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—And Vice Versa.” Journal of Economic Perspectives 11 (2): 3–19. https://www.aeaweb.org/articles?id=10.1257/jep.11.2.3 

Bernanke, Ben S., and Frederic S. Mishkin. 1997. “Inflation Targeting: A New Framework for Monetary Policy?” Journal of Economic Perspectives 11 (2): 97–116. https://www.aeaweb.org/articles?id=10.1257/jep.11.2.97 

Symposium: The Monetary Transmission Mechanism (Fall 1995) https://www.aeaweb.org/issues/224 

Mishkin, Frederic S. 1995. “Symposium on the Monetary Transmission Mechanism.” Journal of Economic Perspectives 9 (4): 3–10. https://www.aeaweb.org/articles?id=10.1257/jep.9.4.3 

Taylor, John B. 1995. “The Monetary Transmission Mechanism: An Empirical Framework.” Journal of Economic Perspectives 9 (4): 11–26. https://www.aeaweb.org/articles?id=10.1257/jep.9.4.11 

Bernanke, Ben S., and Mark Gertler. 1995. “Inside the Black Box: The Credit Channel of Monetary Policy Transmission.” Journal of Economic Perspectives 9 (4): 27–48. https://www.aeaweb.org/articles?id=10.1257/jep.9.4.27 

Meltzer, Allan H. 1995. “Monetary, Credit and (Other) Transmission Processes: A Monetarist Perspective.” Journal of Economic Perspectives 9 (4): 49–72. https://www.aeaweb.org/articles?id=10.1257/jep.9.4.49 

Obstfeld, Maurice, and Kenneth Rogoff. 1995. “The Mirage of Fixed Exchange Rates.” Journal of Economic Perspectives 9 (4): 73–96. https://www.aeaweb.org/articles?id=10.1257/jep.9.4.73 

Christie, William G., and Paul H. Schultz. 1995. “Policy Watch: Did Nasdaq Market Makers Implicitly Collude?” Journal of Economic Perspectives 9 (3): 199–208. https://www.aeaweb.org/articles?id=10.1257/jep.9.3.199