F. Alvarez, L. Jr, R. E. , and W. Weber, Interest Rates and Inflation, American Economic Review, vol.91, issue.2, pp.219-225, 2001.
DOI : 10.1257/aer.91.2.219

D. Andrews, Tests for Parameter Instability and Structural Change With Unknown Change Point, Econometrica, vol.61, issue.4, pp.821-856, 1993.
DOI : 10.2307/2951764

S. Basu and M. Kimball, Long-Run Labor Supply and the Elasticity of Intertemporal Substitution for Consumption, 2006.

F. O. Bilbiie, Limited asset markets participation, monetary policy and (inverted) aggregate demand logic, Journal of Economic Theory, vol.140, issue.1, pp.162-196, 2008.
DOI : 10.1016/j.jet.2007.07.008

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.640.5836

F. O. Bilbiie and R. Straub, Fiscal Policy, Business Cycles and Labour Market Fluctuations, 2004.

F. O. Bilbiie and R. Straub, Asset Market Participation, Monetary Policy Rules and the Great Inflation Forthcoming, The Review of, Economics and Statistics, 2011.

A. S. Blinder, The Anatomy of Double Digit Inflation in the 1970s, Inflation: Causes and Effects, pp.261-282, 1982.

A. G. Brav, C. C. Constantinides, and . Geczy, Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence, Journal of Political Economy, vol.110, issue.4, pp.793-824, 2002.
DOI : 10.1086/340776

J. Y. Campbell, Consumption-Based Asset Pricing, SSRN Electronic Journal, vol.IB, pp.803-887, 2003.
DOI : 10.2139/ssrn.343784

M. Canzoneri, R. Cumby, and B. Diba, Euler equations and money market interest rates: A challenge for monetary policy models, Journal of Monetary Economics, vol.54, issue.7, pp.1863-1881
DOI : 10.1016/j.jmoneco.2006.09.001

T. Cargill and G. Garcia, Financial Reform in the 1980s, 1985.

L. J. Christiano, M. Eichenbaum, and C. L. Evans, Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, Journal of Political Economy, vol.113, issue.1, pp.1-45, 2005.
DOI : 10.1086/426038

R. Clarida, J. Galí, and M. Gertler, The Science of Monetary Policy: A New Keynesian Perspective, Journal of Economic Literature, vol.37, issue.4, pp.1661-1707, 1999.
DOI : 10.1257/jel.37.4.1661

R. Clarida, J. Galí, and M. Gertler, Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*, Quarterly Journal of Economics, vol.115, issue.1, pp.147-180, 2000.
DOI : 10.1162/003355300554692

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.111.7984

J. Duca, The Democratization of America's Capital markets, Economic and Financial Review, 2001.

A. Estrella and J. Fuhrer, Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models, American Economic Review, vol.92, issue.4, 2002.
DOI : 10.1257/00028280260344579

A. Estrella and J. Fuhrer, Monetary Policy Shifts and the Stability of Monetary Policy Models, Review of Economics and Statistics, vol.92, issue.1, pp.94-104, 2003.
DOI : 10.1016/0167-2231(93)90009-L

J. Fuhrer, Habit Formation in Consumption and Its Implications for Monetary-Policy Models, American Economic Review, vol.90, issue.3, pp.367-390, 2000.
DOI : 10.1257/aer.90.3.367

J. Fuhrer and G. Olivei, Estimating Forward Looking Euler Equations with Gmm Estimators: An Optimal Instuments Approach, Proceedings, Board of Governors of the Federal Reserve System, pp.87-114, 2005.
DOI : 10.2139/ssrn.593470

J. Fuhrer and G. Rudebusch, Estimating the Euler equation for output, Journal of Monetary Economics, vol.51, issue.6, pp.1133-53, 2004.
DOI : 10.1016/j.jmoneco.2003.10.004

J. Galí, D. Lopez-salido, and J. Valles, Rule-of-Thumb Consumers and the Design of Interest Rate Rules, Journal of Money, Credit, and Banking, vol.36, issue.4, pp.739-764, 2004.
DOI : 10.1353/mcb.2004.0064

J. Galí, D. Lopez-salido, and J. Valles, Understanding the Effects of Government Spending on Consumption, Journal of the European Economic Association, vol.5, issue.1, pp.227-270, 2007.
DOI : 10.1162/JEEA.2007.5.1.227

J. Galí and M. Gertler, Inflation Dynamics: A Structural Econometric Analysis, Journal of Monetary Economics, vol.44, issue.2, pp.195-222, 1999.
DOI : 10.3386/w7551

F. Guvenen, Reconciling conflicting evidence on the elasticity of intertemporal substitution: A macroeconomic perspective, Journal of Monetary Economics, vol.53, issue.7, pp.1451-1472, 2006.
DOI : 10.1016/j.jmoneco.2005.06.001

R. Hall, Intertemporal Substitution in Consumption, Journal of Political Economy, vol.96, issue.2, pp.339-57, 1988.
DOI : 10.1086/261539

URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.319.7236

L. Hansen and K. Singleton, Efficient Estimation of Linear Asset-Pricing Models with Moving Average Errors, Journal of Business & Economic Statistics, vol.14, issue.1, pp.53-68, 1996.
DOI : 10.2307/1392099

H. He and D. Modest, Market Frictions and Consumption-Based Asset Pricing, Journal of Political Economy, vol.103, issue.1, pp.94-117, 1995.
DOI : 10.1086/261977

E. Hurst, Grasshoppers, Ants and Pre-Retirement Wealth: A Test of Permanent Income Consumers, SSRN Electronic Journal, 2006.
DOI : 10.2139/ssrn.1092963

D. Johnson, J. Parker, and N. Souleles, Household Expenditure and the Income Tax Rebates of 2001, American Economic Review, vol.96, issue.5, pp.1589-1610, 2001.
DOI : 10.1257/aer.96.5.1589

C. Jones, A Century of Stock Market Liquidity and Trading Costs, SSRN Electronic Journal, 2002.
DOI : 10.2139/ssrn.313681

R. G. King, C. I. Plosser, and S. T. Rebelo, Production, growth and business cycles, Journal of Monetary Economics, vol.21, issue.2-3, pp.195-232, 1988.
DOI : 10.1016/0304-3932(88)90030-X

N. G. Mankiw, The Savers???Spenders Theory of Fiscal Policy, American Economic Review, vol.90, issue.2, pp.120-125, 2000.
DOI : 10.1257/aer.90.2.120

B. Mccallum and E. Nelson, Performance of operational policy rules in an estimated semi-classical structural model, Proceedings, Federal Reserve Bank of, 1998.
DOI : 10.3386/w6599

F. S. Mishkin, Financial Innovation and Current Trends in U.S. Financial Markets, 1991.
DOI : 10.3386/w3323

J. A. Parker, The Reaction of Household Consumption to Predictable Changes in Social Security Taxes, American Economic Review, vol.89, issue.4, pp.959-973, 1999.
DOI : 10.1257/aer.89.4.959

G. Peersman and R. Straub, Putting the New Keynesian Model to a Test, IMF Working Paper Series, vol.135, issue.06, 2006.

J. Rotemberg and M. Woodford, Interest-Rate Rules in an Estimated Sticky Price Model, NBER Working Papers National Bureau of Economic Research, vol.6618, 1998.
DOI : 10.3386/w6618

A. Sbordone, U.S. Wage and Price Dynamics: A Limited Information Approach, SSRN Electronic Journal, vol.2, issue.3, 2006.
DOI : 10.2139/ssrn.932575

W. Silber, The Process of Financial Innovation, American Economic Review, vol.73, issue.2, pp.89-95, 1983.

F. Smets and R. Wouters, An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area, Journal of the European Economic Association, vol.1, issue.5, pp.1123-1175, 2003.
DOI : 10.1162/154247603770383415

N. Souleles, The Response of Household Consumption to Income Tax Refunds, American Economic Review, vol.89, issue.4, pp.947-958, 1999.
DOI : 10.1257/aer.89.4.947

J. B. Taylor, A Historical Analysis of Monetary Policy Rules, Monetary Policy Rules, 1999.
DOI : 10.3386/w6768

A. Vissing-jorgensen, Limited Asset Market Participation and the Elasticity of Intertemporal Substitution, Journal of Political Economy, vol.110, issue.4, 2002.
DOI : 10.1086/340782

A. Vissing-jorgensen, Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions, 2003.

E. Wolff, Recent Trends in Wealth Ownership 1983-1997, Working Paper, vol.300, 2000.

E. Wolff and A. Caner, Asset Poverty in the United States, 1984-1999: Evidence from the Panel Study of Income Dynamics The Levy Institute, Working Paper, vol.356, 2002.

M. Woodford, INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY, Macroeconomic Dynamics, vol.9, issue.03, 2003.
DOI : 10.1017/S1365100505040253

Y. Yogo, Estimating the Elasticity of Intertemporal Substitution When Instruments Are Weak, Review of Economics and Statistics, vol.14, issue.3, pp.797-810, 2004.
DOI : 10.1086/340782