Zobrazeno 1 - 10
of 53
pro vyhledávání: '"David Lopez-Salido"'
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
We present a production economy with nominal price rigidities that explains several asset pricing facts, including a downward-sloping term structure of the equity premium, upward sloping term structures of nominal and real interest rates, and the cyc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::25c851d01c65a8cdaf5166a2c3b97b76
https://doi.org/10.26509/frbc-wp-202311
https://doi.org/10.26509/frbc-wp-202311
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f9f552f2cde6b700e4cf13c1986ab774
https://doi.org/10.2139/ssrn.4371999
https://doi.org/10.2139/ssrn.4371999
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
We propose a novel approximation of the risky steady state and construct first-order perturbations around it for a general class of dynamic equilibrium models with time-varying and non-Gaussian risk. We offer analytical formulas and conditions for th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::80ca77346b97514b4b82cd38dbfa8b6e
https://doi.org/10.26509/frbc-wp-202214
https://doi.org/10.26509/frbc-wp-202214
Autor:
David Lopez-Salido, Francesca Loria
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b84ea37966830c67d7efe32fe28ac3f3
https://doi.org/10.2139/ssrn.4002673
https://doi.org/10.2139/ssrn.4002673
Money and the natural rate of interest: Structural estimates for the United States and the euro area
Publikováno v:
In Journal of Economic Dynamics and Control 2009 33(3):758-776
Publikováno v:
In Journal of Monetary Economics 2008 55 Supplement:S48-S62
Publikováno v:
FEDS Notes. 2020
The "natural" or equilibrium real rate of interest is an important concept in macroeconomics. On the one hand, the natural (real) rate provides a description of the real interest rate path consistent with the eventual full capacity of utilization of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::18131ebcd8f86a9b23fd904ad277d597
https://doi.org/10.17016/2380-7172.2593
https://doi.org/10.17016/2380-7172.2593
Publikováno v:
Journal of Monetary Economics. 93:63-67
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ff6f790cd0db62cf139b9cf80341b2e2
https://doi.org/10.1016/j.jmoneco.2017.11.006
https://doi.org/10.1016/j.jmoneco.2017.11.006
Publikováno v:
American Economic Review. 107:3229-3242
Coibion, Gorodnichenko, and Hong (2015) argue that the CPI underestimates the deceleration in consumer prices during economic downturns because the index fails to account for the reallocation of consumer spending from high-price to low-price stores.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::eddd47483f73abc83e8e679fc7048d3a
https://doi.org/10.1257/aer.20150891
https://doi.org/10.1257/aer.20150891
Publikováno v:
American Economic Review. 107:1971-2006
Using Bayesian methods, we estimate a nonlinear DSGE model in which the interest-rate lower bound is occasionally binding. We quantify the size and nature of disturbances that pushed the US economy to the lower bound in late 2008 as well as the contr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6f12f745cfd9e994460b9ba57a8a1356
https://doi.org/10.1257/aer.20121437
https://doi.org/10.1257/aer.20121437