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Ruge-Murcia, Francisco J.

Overview
Works: 53 works in 119 publications in 2 languages and 301 library holdings
Classifications: HG230.3, 330
Publication Timeline
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Publications about Francisco J Ruge-Murcia
Publications by Francisco J Ruge-Murcia
Most widely held works by Francisco J Ruge-Murcia
Habit formation and the persistence of monetary shocks by Hafedh Bouakez( Book )
10 editions published in 2002 in English and held by 69 libraries worldwide
This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general-equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts. The paper constructs and estimates a general-equilibrium model with price rigidities, habit formation, and costly capital adjustment. The model is estimated by the maximum-likelihood method using U.S. data on output, the real money stock, and the nominal interest rate. Econometric results indicate that habit formation and adjustment costs to capital play an important role in explaining the output effects of monetary policy. In particular, impulse-response analysis indicates that the model generates persistent, hump-shaped output responses to monetary shocks
Inflation targeting under asymmetric preferences by Francisco Javier Ruge-Murcia( Book )
12 editions published in 2001 in English and held by 55 libraries worldwide
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate. Specifically, positive deviations from the target can be weighted more, or less, severely than negative ones in the central banker's loss function. It is shown that some of the previous results derived under the assumption of symmetry are not robust to this generalization of preferences. Estimates of the central banker's preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the one implied by the commonly-used quadratic loss function
Non-linear monetary policy rules : some new evidence for the US by Juan José Dolado( Book )
6 editions published in 2002 in English and held by 23 libraries worldwide
A discrete-time version of target zone models with jumps by M. Hashem Pesaran( Book )
8 editions published in 1995 in English and French and held by 17 libraries worldwide
Distortionary taxation and labor supply : evidence from Canada by Emanuela Cardia( Book )
4 editions published in 1999 in English and held by 7 libraries worldwide
A prudent central banker by Francisco Javier Ruge-Murcia( Book )
4 editions published in 2001 in English and held by 6 libraries worldwide
Monetary policy by committee : concensus, chairman dominance or simple majority? by Alessandro Riboni( Book )
1 edition published in 2008 in English and held by 6 libraries worldwide
Durable goods, inter-sectoral linkages and monetary policy by Hafedh Bouakez( Book )
2 editions published in 2008 in English and held by 6 libraries worldwide
Inflation targeting under asymmetric preferences by Francisco Javier Ruge-Murcia( Book )
4 editions published in 2001 in English and held by 6 libraries worldwide
Credibility and signaling in disinflations : a cross country examination by Francisco Javier Ruge-Murcia( Book )
3 editions published in 1997 in English and held by 6 libraries worldwide
The inflation bias when the central bank targets the natural rate of unemployment by Francisco Javier Ruge-Murcia( Book )
3 editions published in 2001 in English and held by 6 libraries worldwide
Uncovering financial markets beliefs about inflation targets by Francisco Javier Ruge-Murcia( Book )
3 editions published in 1998 in English and held by 6 libraries worldwide
Limited-dependent rational expectations models with jumps by M. Hashem Pesaran( Book )
1 edition published in 1996 in English and held by 6 libraries worldwide
Government expenditure and the dynamics of high inflation by Francisco Javier Ruge-Murcia( Book )
4 editions published in 1995 in English and held by 6 libraries worldwide
Preference heterogeneity in monetary policy committees by Alessandro Riboni( Book )
2 editions published in 2007 in English and held by 6 libraries worldwide
This short paper employs individual voting records of the Monetary Policy Committee (MPC) of the Bank of England to study heterogeneity in policy preferences among committee members. The analysis is carried out using a simple generalization of the standard Neo Keynesian framework that allows members to differ in the weight they give to output compared with inflation stabilization and in their views regarding optimal inflation and natural output. Results indicate that, qualitatively, MPC members are fairly homogeneous in their policy preferences, but that there are systematic quantitative differences in their policy reaction functions that are related to the nature of their membership and career background
Some implications of the zero lower bound on interest rates for the term structure and monetary policy by Francisco Javier Ruge-Murcia( Book )
4 editions published in 2002 in English and held by 5 libraries worldwide
Explaining the persistence of commodity prices by Serena Ng( Book )
3 editions published in 1997 in English and held by 5 libraries worldwide
Heterodox inflation stabilization in Argentina, Brazil, and Israel : a historical review and some stylized facts by Francisco Javier Ruge-Murcia( Book )
3 editions published in 1997 in English and held by 5 libraries worldwide
Does the Barro-Gordon model explain the behavior of US inflation? : a reexamination of the empirical evidence by Francisco Javier Ruge-Murcia( Book )
4 editions published in 2002 in English and held by 5 libraries worldwide
The transmission of monetary policy in a multi-sector economy by Hafedh Bouakez( Book )
1 edition published in 2005 in English and held by 4 libraries worldwide
 
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Alternative Names
Murcia, Francisco J.
Murcia, Francisco J. Ruge-
Murcia, Francisco Javier Ruge-
Ruge, Francisco J
Ruge-Murcia, F. J.
Ruge-Murcia, Francisco J.
Ruge-Murcia, Francisco J. (Francisco Javier)
Languages
English (81)
French (1)
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