P
Peter N. Ireland
Researcher at Boston College
Publications - 144
Citations - 6492
Peter N. Ireland is an academic researcher from Boston College. The author has contributed to research in topics: Monetary policy & Inflation. The author has an hindex of 36, co-authored 139 publications receiving 6232 citations. Previous affiliations of Peter N. Ireland include National Bureau of Economic Research & Federal Reserve System.
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Journal ArticleDOI
A method for taking models to the data
TL;DR: This paper developed a method for combining the power of a dynamic, stochastic, general equilibrium model with the flexibility of a vector autoregressive time-series model to obtain a hybrid that can be taken directly to the data.
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Changes in the Federal Reserve's Inflation Target: Causes and Consequences
TL;DR: The authors used a New Keynesian model to draw inferences about the behavior of the Federal Reserve's unobserved inflation target and found that the target rose from 1 1/4 percent in 1959 to over 8 percent in the mid-to-late 1970s before falling back below 2 1/2 percent in 2004.
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Sticky-price models of the business cycle: Specification and stability
TL;DR: In this article, the authors focus on the specification and stability of a dynamic, stochastic, general equilibrium model of the American business cycle with sticky prices and find that the data prefer a version of the model in which adjustment costs apply to the price level but not to the inflation rate.
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Technology Shocks in the New Keynesian Model
TL;DR: In the New Keynesian model, preference, cost-push, and monetary shocks all compete with the real-business-cycle model's technology shock in driving aggregate fluctuations.
ReportDOI
Money's Role in the Monetary Business Cycle
TL;DR: A small, structural model of the monetary business cycle implies that real money balances enter into a correctly specified, forward-looking IS curve if and only if they enter into the correctly-specified, forwardlooking Phillips curve.