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Price rigidity and the origins of aggregate fluctuations
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2018 - This version: August 2018
We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both...
Persistent link: https://www.econbiz.de/10011891743
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Optimal monetary and fiscal policies in disaggregated economies
Cox, Lydia; Feng, Jiacheng; Müller, Gernot J.; Pasten, … - 2024
Persistent link: https://www.econbiz.de/10015050101
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The real effects of monetary shocks : evidence from micro pricing moments
Hong, Gee Hee; Klepacz, Matthew; Pasten, Ernesto; … - 2021
Persistent link: https://www.econbiz.de/10012694662
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The real effects of monetary shocks : evidence from micro pricing moments
Hong, Gee Hee; Klepacz, Matthew; Pasten, Ernesto; … - In: Journal of monetary economics 139 (2023), pp. 1-20
Persistent link: https://www.econbiz.de/10014464877
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Prudential policies and bailouts : a delicate interaction
Pasten, Ernesto - In: Review of economic dynamics 38 (2020), pp. 181-197
Persistent link: https://www.econbiz.de/10012653081
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Time-consistent bailout plans
Pasten, Ernesto - 2011
Persistent link: https://www.econbiz.de/10009410554
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Coordination of expectations and the informational role of policy
Lu, Yang; Pasten, Ernesto - 2013
Persistent link: https://www.econbiz.de/10010253583
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Policy design with private sector skepticism in the textbook New Keynesian model
King, Robert G.; Lu, Yang; Pasten, Ernesto - 2014
Persistent link: https://www.econbiz.de/10010253882
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Policy and expectations in macroeconomics
Pasten, Ernesto - 2008
Persistent link: https://www.econbiz.de/10011573891
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Optimal reputation building in the New Keynesian model
Lu, Yang; King, Robert G.; Pasten, Ernesto - In: Journal of monetary economics 84 (2016), pp. 233-249
Persistent link: https://www.econbiz.de/10011709701