Dr Alfred Guender
Position
Associate Professor
Qualifications
B.A. (Hons) (Texas)
M.S. (Illinois)
Ph.D. (North Carolina)
Room
Contact Details
Phone: +64 3 364
2519
Internal Phone: 6519
Email:
alfred.guender@canterbury.ac.nz
Postal address:
Department of Economics and Finance
University of Canterbury
Private Bag 4800
Christchurch 8140
New Zealand
Undergraduate Courses
ECON 326-S2 Monetary Economics
Graduate Courses
ECON 641
Monetary Economics: Theory | ECON 642 Monetary Economics Policy
Research Interests
- Macroeconomics
- Monetary Economics
Current Projects
- Monetary Policy in Open and Closed Economies
Recent Publications
Book:
"Optimal Monetary Policy under Uncertainty", Edward Elgar, Cheltenham, UK, 2007 (joint with Richard Froyen). A modern, up-to-date treatment of monetary policy issues in closed and open economies.
Journal Articles:
"The Timeless Perspective vs. Discretion: Theory and Monetary Policy Implications for an Open Economy",” Journal of International Money and Finance, v30, 2011:1638-1658.
“Monetary Policy Implementation and Uncovered Interest Rate Parity: Empirical Evidence From Oceania", (with Bevan Cook), New Zealand Economic Papers, v45no3, 2011:209-229.
“Practical Monetary Policies” (with David Gillmore), International Finance, v13no1, 2010:25-53.
"Explicit Instrument versus Targeting Rules in the Backward-Looking Model,” (with Richard T. Froyen), Economics Letters, v106no1, 2010:64-66.
“How Conservative or Liberal Does the Central Banker Have to Be? On the Treatment of Expectations under Discretionary Policymaking”, forthcoming in Australian Economic Papers, v48no1, 2009:34-49.
“Leaning With the Wind: an Open-Economy Example,” Journal of Macroeconomics, v30, September 2008: 941-964.
“The Implementation of Monetary Policy in New Zealand: What Factors Affect the 90-Day Bank Bill Rate?” (with Oyvinn Rimer), North American Journal of Economics and Finance, v19, August 2008: 215-234.
“Is There an Exchange Rate Channel in the Forward-Looking Phillips Curve? A Theoretical and Empirical Investigation,” (with Xie Yu), New Zealand Economic Papers, v41(1), June 2007, 5-28.
“A Comparative Analysis of the Stabilizing Properties of Nominal Income Growth Targeting,” Economics Letters, v95, 2007: 217-222.
“Price Stability through Price-Level Targeting or Inflation Targeting? A Tale of Two Experiments,” (with Do Yoon Oh), Journal of Economics and Business, v58, 2006:373-391.
"Stabilizing Properties of Discretionary Monetary Policies in a Small Open Economy: Domestic vs CPI Inflation Targets," The Economic Journal, v116, 2006:65-81.
"On the Performance of Nominal Income Targeting
as a Strategy for Monetary Policy in a Small Open Economy", Journal
of International Money and Finance, 2004, 23(2): 143-63 (with Julie
Tam).
"Optimal and Efficient Monetary Policy Rules in a Forward-Looking Model", Journal of Macroeconomics, 2002, 24(1): 41-49.
"Alternative Money Policy Rules for Small
Open Economies",
Review of International Economics, November 2000, 8(4): 721-40 (with
R. Froyen).
Forthcoming Papers
“Operating Procedures and the Expectations Theory of the Term Structure of Interest Rates: the New Zealand Experience from 1989 to 2008,” (with Allan Wu), forthcoming in Applied Financial Economics.
Monetary Conditions Index, forthcoming in the Princeton Encyclopedia of the World Economy.
Other papers:
"On Optimal Monetary Policy Rules and the Construction of MCIs in the Open Economy," Open Economies Review, v16, 2005: 189-207.
"On Discretion versus Commitment and the Role of the Direct Exchange Rate Channel in a Forward-Looking Open Economy Model," International Economic Journal, v19no3, 2005: 355-377.
Working Papers
CPI Inflation Targeting and the UIP Puzzle: An Appraisal of Instrument and Target Rules
The Timeless Perspective vs. Discretion: Theory and Monetary Policy Implications for an Open Economy
Instrument Versus Target Rules As Specifications of Optimal Monetary Policy: What are the Issues, If Any?
