Publication Information

{'id': 'https://openalex.org/W2074879147', 'doi': 'https://doi.org/10.1257/aer.91.2.258', 'title': 'Should Monetary Policy Respond Strongly to Output Gaps?', 'display_name': 'Should Monetary Policy Respond Strongly to Output Gaps?', 'publication_year': 2001, 'publication_date': '2001-05-01', 'ids': {'openalex': 'https://openalex.org/W2074879147', 'doi': 'https://doi.org/10.1257/aer.91.2.258', 'mag': '2074879147'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.1257/aer.91.2.258', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S23254222', 'display_name': 'American Economic Review', 'issn_l': '0002-8282', 'issn': ['0002-8282', '1944-7981'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310315912', 'host_organization_name': 'American Economic Association', 'host_organization_lineage': ['https://openalex.org/P4310315912'], 'host_organization_lineage_names': ['American Economic Association'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': True, 'oa_status': 'green', 'oa_url': 'http://papers.nber.org/papers/w8226.pdf', 'any_repository_has_fulltext': True}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5058985005', 'display_name': 'Bennett T. McCallum', 'orcid': 'https://orcid.org/0000-0002-7269-3008'}, 'institutions': [{'id': 'https://openalex.org/I74973139', 'display_name': 'Carnegie Mellon University', 'ror': 'https://ror.org/05x2bcf33', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I74973139']}], 'countries': ['US'], 'is_corresponding': True, 'raw_author_name': 'Bennett T McCallum', 'raw_affiliation_strings': ['Graduate School of Industrial Administration, Carnegie Mellon University, Pittsburgh, PA 15213.'], 'affiliations': [{'raw_affiliation_string': 'Graduate School of Industrial Administration, Carnegie Mellon University, Pittsburgh, PA 15213.', 'institution_ids': ['https://openalex.org/I74973139']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': ['https://openalex.org/A5058985005'], 'corresponding_institution_ids': ['https://openalex.org/I74973139'], 'apc_list': None, 'apc_paid': None, 'fwci': 23.947, 'has_fulltext': True, 'fulltext_origin': 'ngrams', 'cited_by_count': 221, 'citation_normalized_percentile': {'value': 0.985455, 'is_in_top_1_percent': False, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 98, 'max': 99}, 'biblio': {'volume': '91', 'issue': '2', 'first_page': '258', 'last_page': '262'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10007', 'display_name': 'Monetary Policy and Economic Impact', 'score': 0.9998, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10007', 'display_name': 'Monetary Policy and Economic Impact', 'score': 0.9998, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T11742', 'display_name': 'Economic Theory and Policy', 'score': 0.9932, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T14112', 'display_name': 'Economic, financial, and policy analysis', 'score': 0.9902, 'subfield': {'id': 'https://openalex.org/subfields/2000', 'display_name': 'General Economics, Econometrics and Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [], 'concepts': [{'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.8172023}, {'id': 'https://openalex.org/C126285488', 'wikidata': 'https://www.wikidata.org/wiki/Q178476', 'display_name': 'Monetary policy', 'level': 2, 'score': 0.7104186}, {'id': 'https://openalex.org/C556758197', 'wikidata': 'https://www.wikidata.org/wiki/Q580018', 'display_name': 'Monetary economics', 'level': 1, 'score': 0.47159183}, {'id': 'https://openalex.org/C165556158', 'wikidata': 'https://www.wikidata.org/wiki/Q83937', 'display_name': 'Keynesian economics', 'level': 1, 'score': 0.37423152}, {'id': 'https://openalex.org/C139719470', 'wikidata': 'https://www.wikidata.org/wiki/Q39680', 'display_name': 'Macroeconomics', 'level': 1, 'score': 0.37268448}], 'mesh': [], 'locations_count': 3, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.1257/aer.91.2.258', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S23254222', 'display_name': 'American Economic Review', 'issn_l': '0002-8282', 'issn': ['0002-8282', '1944-7981'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310315912', 'host_organization_name': 'American Economic Association', 'host_organization_lineage': ['https://openalex.org/P4310315912'], 'host_organization_lineage_names': ['American Economic Association'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, {'is_oa': True, 'landing_page_url': 'http://papers.nber.org/papers/w8226.pdf', 'pdf_url': 'http://papers.nber.org/papers/w8226.pdf', 'source': {'id': 'https://openalex.org/S4308707206', 'display_name': 'Library Union Catalog of Bavaria, Berlin and Brandenburg (B3Kat Repository)', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I157725225', 'host_organization_name': 'University of Illinois Urbana-Champaign', 'host_organization_lineage': ['https://openalex.org/I157725225'], 'host_organization_lineage_names': ['University of Illinois Urbana-Champaign'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, {'is_oa': True, 'landing_page_url': 'http://www.nber.org/papers/w8226.pdf', 'pdf_url': 'http://www.nber.org/papers/w8226.pdf', 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}], 'best_oa_location': {'is_oa': True, 'landing_page_url': 'http://papers.nber.org/papers/w8226.pdf', 'pdf_url': 'http://papers.nber.org/papers/w8226.pdf', 'source': {'id': 'https://openalex.org/S4308707206', 'display_name': 'Library Union Catalog of Bavaria, Berlin and Brandenburg (B3Kat Repository)', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I157725225', 'host_organization_name': 'University of Illinois Urbana-Champaign', 'host_organization_lineage': ['https://openalex.org/I157725225'], 'host_organization_lineage_names': ['University of Illinois Urbana-Champaign'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, 'sustainable_development_goals': [{'score': 0.57, 'id': 'https://metadata.un.org/sdg/8', 'display_name': 'Decent work and economic growth'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 12, 'referenced_works': ['https://openalex.org/W1482401614', 'https://openalex.org/W2020619809', 'https://openalex.org/W2038998530', 'https://openalex.org/W2058059575', 'https://openalex.org/W2135814741', 'https://openalex.org/W2248630806', 'https://openalex.org/W2890816438', 'https://openalex.org/W3123418487', 'https://openalex.org/W3123603432', 'https://openalex.org/W3124679328', 'https://openalex.org/W3125135614', 'https://openalex.org/W4210365901'], 'related_works': ['https://openalex.org/W4247170154', 'https://openalex.org/W3033243864', 'https://openalex.org/W2944769454', 'https://openalex.org/W2921249959', 'https://openalex.org/W2278828098', 'https://openalex.org/W2055578108', 'https://openalex.org/W2004970669', 'https://openalex.org/W1981929425', 'https://openalex.org/W1542856926', 'https://openalex.org/W1488638671'], 'abstract_inverted_index': {'Much': [0], 'recent': [1], 'monetary': [2, 92], 'policy': [3, 30, 44, 84, 93, 143], 'analysis': [4], 'has': [5], 'featured': [6], 'stochastic': [7], 'simulations': [8], 'with': [9, 129], 'small': [10], 'structural': [11], 'macroeconomic': [12], 'models': [13, 67], 'that': [14, 68, 104], 'include:': [15], 'a': [16, 23, 115, 124], 'spending': [17], 'vs.': [18], 'saving': [19], '(': [20], "IS')": [21], 'sector;': [22, 25], 'price-adjustment': [24], 'and': [26, 79, 109], 'an': [27], 'interest': [28], 'rate': [29], 'rule.': [31], 'The': [32, 101], 'first': [33], 'two': [34], 'are': [35, 69, 138], 'frequently': [36], 'specified': [37, 50], 'so': [38], 'as': [39, 51], 'to': [40, 63, 71, 94, 97, 140, 146], 'reflect': [41], 'optimizing': [42, 52, 66], 'behavior;': [43], 'may': [45, 47], 'or': [46], 'not': [48], 'be': [49], 'depending': [53], 'on': [54], 'the': [55, 98, 105, 111, 119, 147], "study's": [56], 'objectives.': [57], 'Some': [58], 'leading': [59], 'issues': [60], 'concern': [61], 'modifications': [62], 'simple': [64], 'quantitative': [65], 'needed': [70], 'generate': [72], 'realistic': [73], 'degrees': [74], 'of': [75, 113, 123, 156], 'persistence': [76], 'in': [77, 127], 'inflation': [78], 'output-gap': [80], 'variables.': [81], 'A': [82], 'major': [83], 'issue': [85], 'is': [86, 89, 107, 122], 'whether': [87], 'it': [88], 'desirable': [90], 'for': [91], 'respond': [95], 'strongly': [96, 145], 'output': [99], 'gap.': [100], 'paper': [102], 'argues': [103], 'latter': [106], 'unobservable': [108], 'considers': [110], 'implications': [112], 'using': [114], 'trend-type': [116], 'measure': [117], 'while': [118], 'true': [120], 'concept': [121], 'type': [125], 'more': [126], 'keeping': [128], 'basic': [130], 'theory.': [131], 'In': [132], 'such': [133], 'circumstances,': [134], 'highly': [135], 'undesirable': [136], 'consequences': [137], 'likely': [139], 'ensue': [141], 'if': [142], 'responds': [144], 'measured': [148], 'gap.(This': [149], 'abstract': [150], 'was': [151], 'borrowed': [152], 'from': [153], 'another': [154], 'version': [155], 'this': [157], 'item.)': [158]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W2074879147', 'counts_by_year': [{'year': 2024, 'cited_by_count': 4}, {'year': 2023, 'cited_by_count': 2}, {'year': 2022, 'cited_by_count': 1}, {'year': 2021, 'cited_by_count': 1}, {'year': 2019, 'cited_by_count': 2}, {'year': 2018, 'cited_by_count': 3}, {'year': 2017, 'cited_by_count': 6}, {'year': 2016, 'cited_by_count': 8}, {'year': 2015, 'cited_by_count': 3}, {'year': 2014, 'cited_by_count': 8}, {'year': 2013, 'cited_by_count': 6}, {'year': 2012, 'cited_by_count': 9}], 'updated_date': '2025-01-08T03:33:41.727925', 'created_date': '2016-06-24'}