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Capacity choice, monetary trade, and the cost of inflation

Baughman, Garth; Rabinovich, Stanislav - 2020

Persistent link: https://www.econbiz.de/10012388554

Self-confirming price dispersion in monetary economies

Baughman, Garth; Rabinovich, Stanislav - 2018

dispersion reduces welfare by creating mismatch between posted prices and money balances. Inflation exacerbates this welfare loss … simultaneous search or any heterogeneity in preferences, production costs, or search technologies. A distribution of money holdings … price distribution, in turn, makes buyers indifferent across a range of money balances, rationalizing the non …

Persistent link: https://www.econbiz.de/10011932364

Financial frictions, financial shocks, and aggregate volatility

Fuentes-Albero, Cristina - 2018 - This version: July 2018

The Great Moderation in the U.S. economy was accompanied by a widespread increase in the volatility of financial variables. We explore the sources of the divergent patterns in volatilities by estimating a model with time-varying financial rigidities subject to structural breaks in the size of...

Persistent link: https://www.econbiz.de/10012016100

Income inequality, financial crises, and monetary policy

Cairó, Isabel; Sim, Jae W. - 2018

inflation volatility and mean unemployment rate is feasible when an asymmetric policy rule is adopted …

Persistent link: https://www.econbiz.de/10011932429

Financial heterogeneity and monetary union

Gilchrist, Simon; Schoenle, Raphael; Sim, Jae W.; … - 2018

We analyze the economic consequences of forming a monetary union among countries with varying degrees of financial distortions, which interact with the firms' pricing decisions because of customer-market considerations. In response to a financial shock, firms in financially weak countries (the...

Persistent link: https://www.econbiz.de/10011932300

Nonlinear unemployment effects of the inflation tax

Lahcen, Mohammed Ait; Baughman, Garth; Rabinovich, Stanislav - 2021 - This version: June 25, 2021

Persistent link: https://www.econbiz.de/10012609348

How robust are makeup strategies to key alternative assumptions?

Hebden, James; Herbst, Edward P.; Tang, Jenny; Topa, Giorgio - 2020

Persistent link: https://www.econbiz.de/10012389108

Monetary policy, self-fulfilling expectations and the U.S. business cycle

Nicolò, Giovanni - 2020

Persistent link: https://www.econbiz.de/10012388613

Uncovered interest rate, overshooting, and predictability reversal puzzles in an emerging economy

Kiliç, Rehim - 2023 - This draft: August 2023

Persistent link: https://www.econbiz.de/10014490739

The Fed's asymmetric forecast errors

Chang, Andrew C. - 2018

I show that the probability that the Board of Governors of the Federal Reserve System staff's forecasts (the "Greenbooks'") overpredicted quarterly real gross domestic product (GDP) growth depends on both the forecast horizon and also whether the forecasted quarter was above or below trend real...

Persistent link: https://www.econbiz.de/10011927163

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