Michael Dean Woodford
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Economics
Michael Dean Woodford's Degrees
- Masters Business Administration INSEAD
Why Is Michael Dean Woodford Influential?
(Suggest an Edit or Addition)According to Wikipedia, Michael Dean Woodford is an American macroeconomist and monetary theorist who currently teaches at Columbia University. Academic career Woodford holds B.A. from the University of Chicago and a J.D. from Yale Law School . He completed his Ph.D. in economics at MIT in 1983.
Michael Dean Woodford's Published Works
Number of citations in a given year to any of this author's works
Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author
Published Works
- INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005) (6184)
- Interest and Prices (2011) (2747)
- An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997) (2167)
- Zero Bound on Interest Rates and Optimal Monetary Policy (2003) (2043)
- Optimal Monetary Policy Inertia (1999) (1134)
- Simple Analytics of the Government Expenditure Multiplier (2010) (949)
- Interest-Rate Rules in an Estimated Sticky Price Model (1998) (937)
- Fiscal Requirements for Price Stability (2001) (839)
- Price Level Determinacy Without Control of a Monetary Aggregate (1995) (809)
- The Taylor Rule and Optimal Monetary Policy (2001) (803)
- Credit Spreads and Monetary Policy (2009) (757)
- Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity (1989) (743)
- The Cyclical Behavior of Prices and Costs (1999) (718)
- Monetary policy and price level determinacy in a cash-in-advance economy (1994) (691)
- The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2010) (663)
- Control of the Public Debt: A Requirement for Price Stability? (1996) (654)
- Credit Frictions and Optimal Monetary Policy (2008) (628)
- Inflation Forecasts and Monetary Policy (1997) (581)
- Central Bank Communication and Policy Effectiveness (2005) (571)
- Methods of policy accommodation at the interest-rate lower bound (2012) (554)
- Rational asset pricing bubbles (1997) (527)
- Plant-Level Adjustment and Aggregate Investment Dynamics (1995) (517)
- Implementing Optimal Policy Through Inflation-Forecast Targeting (2003) (491)
- Markups and the Business Cycle (1991) (461)
- Indicator Variables for Optimal Policy (2000) (439)
- Optimal Interest-Rate Smoothing (2003) (438)
- Public Debt as Private Liquidity (1990) (433)
- Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach (2003) (392)
- An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy: Expanded Version (1998) (375)
- Commentary: how should monetary policy be conducted in an era of price stability? (1999) (367)
- Learning to Believe in Sunspots (1990) (363)
- Inflation Stabilization and Welfare (2001) (358)
- Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics (1992) (347)
- Convergence in Macroeconomics: Elements of the New Synthesis (2010) (346)
- Optimal Inflation Targeting Rules (2003) (340)
- Doing Without Money: Controlling Inflation in a Post-Monetary World (1997) (339)
- Handbook of Macroeconomics (1999) (336)
- Information-Constrained State-Dependent Pricing (2008) (333)
- Stationary sunspot equilibria in a finance constrained economy (1986) (312)
- How Important is Money in the Conduct of Monetary Policy? (2006) (303)
- Financial Intermediation and Macroeconomic Analysis (2010) (295)
- Equilibrium models displaying endogenous fluctuations and chaos: A survey (1988) (286)
- Conventional and Unconventional Monetary Policy (2009) (270)
- Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption (1996) (254)
- The Inflation-Targeting Debate (2004) (253)
- Whole genome comparison of a large collection of mycobacteriophages reveals a continuum of phage genetic diversity (2015) (249)
- Macroeconomic Analysis Without the Rational Expectations Hypothesis (2013) (214)
- Self-Organized Criticality and Economic Fluctuations (1994) (194)
- Indicator Variables for Optimal Policy Under Asymmetric Information (2001) (191)
- Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions? (1994) (181)
- Pitfalls of Forward-Looking Monetary Policy (2000) (177)
- Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis (2015) (176)
- Chapter 16 The cyclical behavior of prices and costs (1999) (175)
- Globalization and Monetary Control (2007) (169)
- Optimal Monetary Stabilization Policy (2010) (160)
- Inflation Targeting and Financial Stability (2012) (159)
- Nber Macroeconomics Annual (1986) (156)
- Robustly Optimal Monetary Policy with Near Rational Expectations (2005) (149)
- The Case for Forecast Targeting as a Monetary Policy Strategy (2007) (146)
- Public Debt and the Price Level (1998) (144)
- Was the New Deal Contractionary? (2006) (134)
- Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets (1993) (130)
- Policy Options in a Liquidity Trap (2004) (129)
- Inattentive Valuation and Reference-Dependent Choice ∗ (2012) (129)
- The Optimum Quantity of Money Revisited (1992) (116)
- Inflation targeting and optimal monetary policy (2004) (101)
- Stochastic Choice: An Optimizing Neuroeconomic Model (2014) (97)
- SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE (1997) (96)
- Efficient coding of subjective value (2018) (95)
- Prospect Theory as Efficient Perceptual Distortion (2012) (94)
- Stationary sunspot equilibria: The case of small fluctuations around a deterministic steady state (1986) (92)
- Data Appendix for "Asset Prices, Consumption, and the Business Cycle" (1999) (89)
- Self-Fulfilling Expectations and Fluctuations in Aggregate Demand (1990) (86)
- How Forward-Looking is Optimal Monetary Policy? (2003) (82)
- Interpreting Inflation Persistence: Comments on the Conference on "Quantitative Evidence on Price Determination" (2007) (77)
- Monetary Policy Analysis When Planning Horizons Are Finite (2018) (76)
- Diverse motives for human curiosity (2019) (76)
- Nber Working Paper Series Why Inflation Rose and Fell: Policymakers' Beliefs and Us Postwar Stabilization Policy Why Inflation Rose and Fell: Policymakers' Beliefs and Us Postwar Stabilization Policy (75)
- Revolution and Evolution in Twentieth-Century Macroeconomics (2010) (73)
- Disentangling the Channels of the 2007-2009 Recession April 27 (2012) (68)
- Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State (2004) (67)
- Real Effects of Monetary Shocks in an Economy with Sequential Purchases (1993) (64)
- Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice (2007) (64)
- Cognitive Imprecision and Small-Stakes Risk Aversion (2018) (63)
- Indeterminacy of Stationary Equilibrium in Stochastic Overlapping Generations Models (1990) (60)
- Three Questions about Sunspot Equilibria as an Explanation of Economic Fluctuations (1987) (60)
- Lesbian, Gay, Bisexual, and Transgender Ally Training Programs on Campus: Current Variations and Future Directions (2014) (59)
- Determinacy of equilibrium in stationary economies with both finite and infinite lived consumers (1988) (59)
- Discrete Adjustment to a Changing Environment: Experimental Evidence (2016) (59)
- Forward Guidance by Inflation-Targeting Central Banks (2013) (58)
- Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints (2013) (56)
- Gross substitutability in large-square economies (1991) (55)
- Optimal Inflation Targeting Under Alternative Fiscal Regimes (2006) (52)
- Chapter 20 The optimum quantity of money (1990) (51)
- Effective Demand Failures and the Limits of Monetary Stabilization Policy (2020) (51)
- Stability of Cycles with Adaptive Learning Rules (1990) (49)
- Robustly Optimal Monetary Policy in a Microfounded New Keynesian Model (2012) (48)
- Quantitative Easing and Financial Stability (2016) (48)
- Modeling Imprecision in Perception, Valuation and Choice (2019) (46)
- Inattention as a Source of Randomized Discrete Adjustment ∗ (2008) (45)
- Rational Inattention with Sequential Information Sampling∗ (2016) (45)
- Financial Market Efficiency and the Effectiveness of Monetary Policy (2002) (44)
- Does a 'Two-Pillar Phillips Curve' Justify a Two-Pillar Monetary Policy Strategy? (2007) (43)
- Loan Commitments and Optimal Monetary Policy (1996) (43)
- Expectations, Finance and Aggregate Instability (1986) (42)
- Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux (2003) (40)
- Chapter Title: an Optimization-based Econometric Framework for the Evaluation of Monetary Policy Optimization-based Econometric Framework F or T He Evaluation O F Monetary Policy (1997) (38)
- Rational Inattention When Decisions Take Time (2019) (37)
- Rational Inattention and Sequential Information Sampling (2017) (37)
- Comment on: Multiple-solution indeterminacies in monetary policy analysis (2003) (37)
- Risk Aversion as a Perceptual Bias (2017) (35)
- Bounded rationality and learning (1994) (33)
- Noisy Memory and Over-Reaction to News (2019) (33)
- Macroeconomic Effects of Federal Reserve Forward Guidance [with Comments and Discussion] (2012) (30)
- A social network analysis of research collaboration in the economics community (2006) (30)
- NBER Macroeconomics Annual 2006, Volume 21 (2006) (29)
- Optimal Target Criteria for Stabilization Policy (2010) (29)
- The Quantitative Analytics of the Basic Neomonetarist Model: Comment (1995) (28)
- Comment on: "Using a long-term interest rate as the monetary policy instrument" (2005) (26)
- Review: Celebrating Ned Reviewed Work(s): Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund (2007) (24)
- Neighborhood-Based Information Costs (2020) (22)
- Housing Prices and Robustly Optimal Monetary Policy (2013) (22)
- Optimally Imprecise Memory and Biased Forecasts (2020) (20)
- Inflation and Output Dynamics with Firm-Specific Investment ∗ (2004) (20)
- Equilibrium Models of Endogenous Fluctuations: An Introduction (1990) (19)
- Efficient sampling and noisy decisions (2019) (19)
- Monetary Policy Targets after the Crisis (2013) (18)
- New approaches to monetary economics: Credit policy and the price level in a cash-in-advance economy (1987) (18)
- Inflation Targeting: Fix It, Don’t Scrap It (2014) (18)
- NBER Macroeconomics Annual 2014 (2011) (18)
- Is an Undervalued Currency the Key to Economic Growth (2009) (18)
- European financial integration: Currency competition and the transition to monetary union: does competition between currencies lead to price level and exchange-rate stability? (1991) (18)
- An Optimizing Neuroeconomic Model of Discrete Choice (2014) (17)
- Comments on the Symposium on Interest and Prices (2006) (17)
- Determinacy of equilibrium under alternative policy regimes (1994) (16)
- Consumption and Savings with Unemployment Risk : Implications for Optimal Employment Contracts (2002) (16)
- Modeling Imprecision in Perception, Valuation, and Choice (2020) (16)
- Information Costs and Sequential Information Sampling (2018) (15)
- Is the Business Cycles a Necessary Consequence of Stochastic Growth? (1994) (14)
- Panel discussion: understanding price determination: where are we now? where should we be going? (2005) (14)
- Optimal Targeting Rules for Monetary and Fiscal Policy (2003) (14)
- Factors affecting conditional discrimination learning by pigeons. (1987) (14)
- Energy Taxes and Aggregate Economic Activity (1993) (12)
- The Map Is Not the Territory : An Essay on the State of Economics spells out methodological critiques of economic theory in general , and of DSGE models and rational expectations in particular (2011) (12)
- Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight (2020) (12)
- Advances in Economic Theory: Endogenous fluctuations (1993) (12)
- Leaning Against Housing Prices as Robustly Optimal Monetary Policy (2018) (12)
- Introduction to "The Inflation-Targeting Debate" (2004) (12)
- [A Frictionless View of U.S. Inflation]: Comment (1998) (12)
- An Example of Robustly Optimal Monetary Policy with Near-Rational Expectations (2006) (11)
- Optimal Interest-Rate Rules: A General Approach (2003) (11)
- Exposure: Inside the Olympus Scandal: How I Went from CEO to Whistleblower (2012) (10)
- Comments on Ashcraft, Garleanu, and Pedersen, "Two Monetary Tools: Interest Rates and Haircuts" (2010) (10)
- Policy Options at the Zero Lower Bound When Foresight is Limited (2019) (10)
- Does Competition between Currencies Lead to Price Level and Exchange Rate Stability? (1990) (9)
- Optimal Monetary and Fiscal Policy: Monetary and Fiscal Policy: A Linear-Quadratic Aproach (2003) (9)
- Robustly Optimal Monetary Policy in a New Keynesian Model with Housing (2020) (9)
- Handbook of macroeconomics: In 3 vol. (1999) (9)
- NBER Macroeconomics Annual 2011, Volume 26 (2011) (8)
- Rules for Monetary Policy (2006) (8)
- Optimal Evidence Accumulation and Stochastic Choice (2016) (8)
- Outlier Blindness: A Neurobiological Foundation for Neglect of Financial Risk (2020) (7)
- What’s Wrong with Economic Models? A Response to John Kay (2011) (7)
- Individual differences in the perception of probability (2020) (7)
- Efficient coding of numbers explains decision bias and noise (2020) (7)
- What ’ s Wrong with Economic Models ? (2015) (7)
- Temporal Discounting and Search Habits: Evidence for a Task-Dependent Relationship (2018) (7)
- Advances in learning theory (1994) (6)
- Rational Inattention with Continuous Time (2018) (6)
- 'Outlier Blindness': Efficient Coding Generates an Inability to Represent Extreme Values (2020) (6)
- How reinforcers age aggregated in reinforcement density discrimination and preference experiments (1982) (5)
- Seven schools of macroeconomic thought by E.S. Phelps : A book review (1992) (5)
- Credit Spreads and Monetary Policy: Technical Appendix (2009) (5)
- Paper Series Central-Bank Communication and Policy Effectiveness (2005) (5)
- Optimal Monetary and Fiscal Policy in a Liquidity Trap [with Comments] (2004) (5)
- Notes on Model for "Optimal Inflation Targeting Rules" (2003) (4)
- The Fed's New Communication Strategy: Is It Stealth Inflation Targeting? (2008) (4)
- Imperfect Financial Intermediation and Complex Dynamics (2021) (4)
- Multiple conceptions of resource rationality (2020) (4)
- Principles and Public Policy Decisions : The Case of Monetary Policy (2008) (4)
- Exchange Rate Models Are Not as Bad as You Think: A comment (2008) (4)
- Self-Organized Criticality and Fluctuations in Economics (4)
- Adjustment Dynamics During a Strategic Estimation Task (2018) (4)
- The Monetary Policy Strategy of the ECB Revisited (2004) (4)
- Credit Frictions and Optimal Monetary Policy : Technical Appendix (2009) (4)
- Adaptive Efficient Coding: A Variational Auto-encoder Approach (2020) (4)
- Bias and variance of the Bayesian-mean decoder (2021) (3)
- David Romer (2007) (3)
- AN INTERVIEW WITH WILLIAM A. BROCK (2000) (3)
- Comment on "Two Monetary Tools: Interest Rates and Haircuts" (2011) (2)
- Comment and Discussion (2010) (2)
- Principled Policymaking in an Uncertain World (2011) (2)
- Forecasting the outcome of a time-varying Bernoulli process: Data from a laboratory experiment (2017) (2)
- Michael Woodford : Interest and Prices (2003) (2)
- Equilibrium Models Displaying Endogenous Fluctuations and Chaos: (2021) (2)
- "Fedspeak": Does it Matter How Central Bankers Explain Themselves? (2013) (2)
- Front Matter ("Table of Contents") (2010) (1)
- Individual risk attitudes arise from noise in neurocognitive magnitude representations (2022) (1)
- Front matter, The Inflation-Targeting Debate (2004) (1)
- Emi Nakamura: 2019 John Bates Clark Medalist (2020) (1)
- Work ( s ) : Knowledge , Information , and Expectations in Modern Macroeconomics : In Honor of (2007) (1)
- Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World: An Overview (2016) (1)
- Transparency, Communication and Commitment (2007) (1)
- Exposure: From President to Whistleblower at Olympus (2012) (1)
- Inflation Targeting: Fix It, Don't Scrap It (2013) (1)
- No . 688 INDICATOR VARIABLES FOR OPTIMAL POLICY by (2000) (1)
- Paper Series Globalization and Monetary Control (2007) (1)
- Learning to Believe in Sunspots Author ( s ) : (2007) (1)
- Interest Rate Signals and Central Bank Transparency [with Comments] (2007) (1)
- Can We Explain the Consumption Excesses Yet? Aggregate Consumption Implications of Bu er Stock Saving Behavior (1998) (1)
- Empirical Models of Inattentive Adjustment (2017) (1)
- 3 The Credit Rating Crisis (2010) (1)
- Panel on Post-Pandemic Monetary Policy and the Effective Lower Bound (2020) (1)
- Financial Institutions Center Bubbles and Crises (1998) (1)
- 5 Noisy Business Cycles (2010) (1)
- Revolution and Evolution in Twentieth - (1999) (0)
- Efficient coding of subjective value (2018) (0)
- SERIES RATIONAL INATTENTION AND SEQUENTIAL INFORMATION SAMPLING (2017) (0)
- Discussion Paper Series Macroeconomic Analysis Without the Rational Expectations Hypothesis (2013) (0)
- Editorial and Abstracts for "NBER Macroeconomics Annual 2012, Volume 27" (2012) (0)
- Editorial in "NBER Macroeconomics Annual 2011, Volume 26" (2014) (0)
- The Optimum Quantity of Money Revisited: Essays in Honor of Frank Hahn (1992) (0)
- Some Non-Ricardian Agents Overturn the Taylor Principle: Pre-Volcker FED policy may have been better than you think (2003) (0)
- NBER WORKING PAPER SERIES OPTIMALLY IMPRECISE MEMORY AND BIASED FORECASTS (2020) (0)
- Comment on Individual Price Adjustment along the Extensive Margin (2013) (0)
- American Economic Association Self-Organized Criticality and Economic Fluctuations (2007) (0)
- Lessons from the Japanese Bubble for the U.S. (2008) (0)
- Monetary Policy and Heterogeneity (2019) (0)
- Editorial (2007) (0)
- Diverse motives for human curiosity (2019) (0)
- Comment on "Interest Rate Signals and Central Bank Transparency" (2009) (0)
- Gross Substitutes in Large Square Economics (1991) (0)
- tex Preliminary Indicator Variables for Optimal Policy under Asymmetric Information ¤ (2001) (0)
- Report: Ad Hoc Committee on Criterion for the John Bates Clark Medal (2013) (0)
- Representational geometry explains puzzling error distributions in behavioral tasks (2023) (0)
- Frontmatter, editorial and abstracts in "NBER Macroeconomics Annual 2008" (2009) (0)
- Cognitive Imprecision and Stake-Dependent Risk Attitudes (2022) (0)
- Editorial (2012) (0)
- SELF-FULLING PROPHECIES AND THE BUSINESS CYCLE (1997) (0)
- Editorial (2010) (0)
- Editors’ Introduction (2014) (0)
- The effects of base rate neglect on sequential belief updating and real-world beliefs (2022) (0)
- Front matter to "NBER Macroeconomics Annual 2012, Volume 27" (2012) (0)
- American Economic Association Real-Business-Cycle Models and the Forecastable Movements in Output , Hours , and Consumption Author ( s ) : (2007) (0)
- Inflation Targeting and Optimal Monetary Policy/Commentary (2004) (0)
- Report of the Selection Committee for the American Economic Journal: Macroeconomics Editor (2012) (0)
- Introduction to "NBER Macroeconomics Annual 2013, Volume 28" (2013) (0)
- Staggered Pricing Models Face the Facts (2006) (0)
- Replication data for: Policy Options at the Zero Lower Bound When Foresight is Limited (2019) (0)
- Chapter Eighteen. Introductory remarks for the First Annual Arrow Lecture (2014) (0)
- Outlier blindness: A neurobiological foundation for neglect of financial risk (cid:2) (2021) (0)
- Discussion (2008) (0)
- Title Fixed prices versus predetermined prices and the equilibriumprobability of price adjustment (2008) (0)
- Michael Woodford Awarded Deutsche Bank Prize in Financial Economics (2007) (0)
- RATIüNAL AS 8 ET PRICING BUBBLES * (2009) (0)
- Frontmatter, editorial and abstracts in "NBER Macroeconomics Annual 2007, Volume 22" (2008) (0)
- Edmund S. Phelps and Modern Macroeconomics (2021) (0)
- Editors' Summary (2010) (0)
- NBER WORKING PAPER SERIES HOUSEHOLD LEVERAGE AND THE RECESSION (2011) (0)
- Editorial in "NBER Macroconomics Annual 2010, Volume 25" (2011) (0)
- P504. The Consequences of Base-Rate Neglect on Sequential Belief Updating and Real World Beliefs (2022) (0)
- tex Indicator Variables for Optimal Policy under Asymmetric Information ∗ † (2002) (0)
- 1 Revolution and Evolution in Twentieth-Century Macroeconomics (1999) (0)
- American Economic Association Public Debt as Private Liquidity (2007) (0)
- Nandlal P. Tolani Senior Professor of Trade Policy International Professor of Applied Economics and Management (2009) (0)
- Author response: Efficient sampling and noisy decisions (2020) (0)
- Optimal Monetary Policy in an Economy with Sequential Service 1 (2008) (0)
- Editorial (2011) (0)
- The Case for For ecast Targeting as a Monetary Policy Str ategy (2007) (0)
- [Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model]: Comment (2005) (0)
- Discussion 2 - Michael Woodford (2004) (0)
- No . 689 INDICATOR VARIABLES FOR OPTIMAL POLICY UNDER ASYMMETRIC INFORMATION by (2001) (0)
- Symposium on Optimal Monetary Policy (2000) (0)
- Editors’ Summary (2009) (0)
- Federal Reserve Bank of New York Staff Reports Conventional and Unconventional Monetary Policy (2009) (0)
- Comment (2011) (0)
- Federal Reserve Bank of New York Staff Reports Credit Spreads and Monetary Policy (2009) (0)
- Individualistic Welfare Analysis in the Age of Behavioral Science (2018) (0)
- Editorial (2008) (0)
- Editorial (2013) (0)
- Starting with LGB(T) (2018) (0)
- Chapter Title : Comment on " On Graduation from Default , Inflation and Banking Crises : Elusive or Illusion ? (2011) (0)
- Introductory Remarks for the First Annual Arrow Lecture (2014) (0)
- ECB Working Paper No. 12 (2000) (0)
- Digitized by the Internet Archive in 2011 with Funding from Working Paper Department of Economics Aggregate Investment (2011) (0)
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