Presentation to the Bank of Korea’s International Conference 2005 on The Effectiveness of Stabilization Policies, Seoul, Korea, May 27, 2005

Presentation to the Bank of Japan’s 12th International Conference of the Institute for Monetary and Economic Studies (Tokyo, Japan) May 31, 2005

We study discretionary equilibrium in the Calvo pricing model for a monetary authority that chooses the money supply. The steady-state inflation rate is above 8 percent for a baseline calibration, but it varies substantially with alternative structural parameter values. If the initial condition...

We derive and estimate a New Keynesian Phillips curve (NKPC) in a model where consumers are assumed to have deep habits. Habits are deep in the sense that they apply to individual consumption goods instead of aggregate consumption. This alters the NKPC in a fundamental manner as it introduces...

May 30, 2012. "Demographics, Redistribution, and Optimal Inflation," with Carlos Garriga and Christopher J. Waller. Presented by Christopher Waller at the 2012 BOJ-IMES Conference Demographic Changes and Macroeconomic Performance.

Presentation to the Western Economic Association International, San Francisco, CA, July 2, 2012

Presentation to the Bank of Japan’s 12th International Conference of the Institute for Monetary and Economic Studies (Tokyo, Japan) May 31, 2005

Presentation to Town Hall Los Angeles, Los Angeles, CA, May 4, 2011

Panel discussion for the Federal Reserve Board/Journal of Money, Credit, and Banking (JMCB) conference on "Financial Markets and Monetary Policy", Washington D.C. , June 5, 2009

Presentation to the Western Economic Association International, San Francisco, CA, July 2, 2012