Zobrazeno 1 - 7
of 7
pro vyhledávání: '"Fabià Gumbau-Brisa"'
Since the start of the Great Recession, one of the most striking developments in the U.S. labor market has been the pronounced decline in the labor force participation rate. The crucial issue in interpreting the decline in U.S. labor force participat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::1fe2ccfc96f7120c9f6c3102c3478776
http://www.bostonfed.org/economic/ppb/2013/ppb132.pdf
http://www.bostonfed.org/economic/ppb/2013/ppb132.pdf
Using U.S. real-time data, we show that changes in the unemployment rate unexplained by Okun's Law have significant predictive power for GDP data revisions. A positive (negative) error in Okun's Law in real time implies that GDP will be later revised
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::b1bd9a4f0825c73395ca17381cc76827
http://www.bostonfed.org/economic/wp/wp2013/wp1303.htm
http://www.bostonfed.org/economic/wp/wp2013/wp1303.htm
We illustrate the importance of placing model-consistent restrictions on expectations in the estimation of forward-looking Euler equations. In two-stage limited-information settings where first-stage estimates are used to proxy for expectations, para
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::facc71df7925ac92eadba6bedf0cd61e
http://www.bostonfed.org/economic/wp/wp2011/wp1103.htm
http://www.bostonfed.org/economic/wp/wp2011/wp1103.htm
In their 2010 comment (which we refer to as CS10), Cogley and Sbordone argue that: (1) our estimates are not entirely closed form, and hence are arbitrary; (2) we cannot guarantee that our estimates are valid, while their estimates (Cogley and Sbordo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::48f8028ca311883b66e6dc1eaabf1871
http://www.bostonfed.org/economic/wp/wp2011/wp1104.htm
http://www.bostonfed.org/economic/wp/wp2011/wp1104.htm
Publikováno v:
SSRN Electronic Journal.
We compare estimates of the New Keynesian Phillips Curve (NKPC) when the curve is specified in two different ways. In the standard difference equation (DE) form, current inflation is a function of past inflation, expected future inflation, and real m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b8612227fb8dbf3f993c22c97a2b450f
https://doi.org/10.2139/ssrn.1523943
https://doi.org/10.2139/ssrn.1523943
Autor:
Catherine L. Mann, Fabià Gumbau-Brisa
We review the period of the Latin American debt crisis in order to draw policy analogies from that experience for current U.S. credit securitization markets. During the earlier episode the Brady Plan used a zero-coupon U.S. Treasury security to provi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1c734e3d7dd5bc9ef2ef960a76a1bc5c
http://www.bostonfed.org/economic/ppdp/2009/ppdp0903.htm
http://www.bostonfed.org/economic/ppdp/2009/ppdp0903.htm
Autor:
Fabià Gumbau-Brisa
Publikováno v:
SSRN Electronic Journal.
This paper looks at the implications of heterogeneous beliefs for inflation dynamics. Following a monetary policy shock, inflation peaks after output, is inertial, and can be characterized by a Hybrid Phillips Curve. It presents a novel channel throu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9f09c0883cacd4231f750095dda82f52
https://doi.org/10.2139/ssrn.871206
https://doi.org/10.2139/ssrn.871206