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.
Papers
More filters
Journal ArticleDOI
A small, structural, quarterly model for monetary policy evaluation
TL;DR: This paper developed a small, structural model of the United States economy and estimates that model with quarterly data on output, prices, and money from 1959 through 1995, revealing that the Federal Reserve has successfully insulated the economy from the effects of exogenous demand-side disturbances, so that most of the observed variation in aggregate output reflects the impact of supply-side shocks.
Journal ArticleDOI
Endogenous Money or Sticky Prices
TL;DR: This article used maximum likelihood to estimate a model of endogenous money and showed that nominal price rigidity, over and above endogenous money, plays a role in accounting for key features of the data.
Posted Content
Money and growth: An alternative approach
TL;DR: In this paper, the effects of sustained capital accumulation on an evolving system of payments, in addition to the conventional effects of inflation on growth, are examined, and the results are consistent with ideas about money and growth contained in work that predates that of James Tobin and Miguel Sidrauski, as well as with evidence that money and asset demands vary systematically within economies.
Journal ArticleDOI
The Welfare Cost of Inflation in General Equilibrium
TL;DR: In this paper, the authors present a general equilibrium monetary model in which inflation distorts a variety of marginal decisions and show that individually none of the distortions is very large, they combine to yield substantial welfare cost estimates.
Journal ArticleDOI
Does the time-consistency problem explain the behavior of inflation in the United States? ☆
TL;DR: The authors derives the restrictions imposed by Barro and Gordon's theory of time-consistent monetary policy on a bivariate time-series model for inflation and unemployment and tests those restrictions using quarterly US data from 1960 through 1997.