Kenneth N Kuttner
Biographic Data
| ID | 1471136 |
|---|---|
| NAME | Kenneth N Kuttner |
| GIVEN NAMES | Kenneth N |
| FAMILY NAME | Kuttner |
| SIGNATURE | KUTTNER K N |
| AFFILIATIONS | Federal Reserve Bank of New York |
| ORCID | 0009-0005-3322-0055 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2018 |
| H-INDEX | 1 |
Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond
In November 2008, the Federal Reserve faced a deteriorating economy and a financial crisis. The federal funds rate had already been reduced to virtually zero. Thus, the Federal Reserve turned to unconventional monetary policies. Through "quantitative easing," the Fed announced plans to buy mortgage-backed securities and debt issued by government-sponsored enterprises. Subsequent purchases would eventually lead to a five-fold expansion in the Fed'…
Monetary policy surprises and interest rates: Evidence from the Fed funds futures market
Indicator Properties of the Paper—Bill Spread: Lessons from Recent Experience
A feature of U.S. postwar business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the onset of recessions. By contrast, the paper—bill spread did not anticipate the 1990–1991 recession. Empirical work presented in this paper supports two (not mutually exclusive) explanations for this departure from past experience.…
Estimating Potential Output as a Latent Variable
This article proposes a new method for estimating potential output in which potential real gross domestic product (GDP) is modeled as an unobserved stochastic trend, and deviations of GDP from potential affect inflation through an aggregate supply relationship. The output and inflation equations together form a bivariate unobserved-components model which is estimated via maximum likelihood through the use of the Kalman-filter algorithm. The proce…
Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond
In November 2008, the Federal Reserve faced a deteriorating economy and a financial crisis. The federal funds rate had already been reduced to virtually zero. Thus, the Federal Reserve turned to unconventional monetary policies. Through "quantitative easing," the Fed announced plans to buy mortgage-backed securities and debt issued by government-sponsored enterprises. Subsequent purchases would eventually lead to a five-fold expansion in the Fed'…
Estimating Potential Output as a Latent Variable
This article proposes a new method for estimating potential output in which potential real gross domestic product (GDP) is modeled as an unobserved stochastic trend, and deviations of GDP from potential affect inflation through an aggregate supply relationship. The output and inflation equations together form a bivariate unobserved-components model which is estimated via maximum likelihood through the use of the Kalman-filter algorithm. The proce…
Indicator Properties of the Paper—Bill Spread: Lessons from Recent Experience
A feature of U.S. postwar business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the onset of recessions. By contrast, the paper—bill spread did not anticipate the 1990–1991 recession. Empirical work presented in this paper supports two (not mutually exclusive) explanations for this departure from past experience.…
Monetary policy surprises and interest rates: Evidence from the Fed funds futures market
Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond
In November 2008, the Federal Reserve faced a deteriorating economy and a financial crisis. The federal funds rate had already been reduced to virtually zero. Thus, the Federal Reserve turned to unconventional monetary policies. Through "quantitative easing," the Fed announced plans to buy mortgage-backed securities and debt issued by government-sponsored enterprises. Subsequent purchases would eventually lead to a five-fold expansion in the Fed'…
Economics (4 works) · Monetary policy (4 works) · Monetary Policy and Economic Impact (4 works) · Interest rate (3 works) · Macroeconomics (3 works) · Monetary economics (3 works) · Debt (2 works) · Economic Theory and Policy (2 works) · Federal funds (2 works) · Recession (2 works)