Zobrazeno 1 - 10
of 58
pro vyhledávání: '"Leonardo Melosi"'
Autor:
Renato Faccini, Leonardo Melosi
Publikováno v:
The Review of Economics and Statistics. :1-45
The low rate of inflation observed in the U.S. over the past decade is hard to reconcile with traditional measures of labor market slack. We develop a theory-based indicator of interfirm-wage competition that can explain the missing inflation. Key to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0d5869c08ee5dab1b884ae2fcf4c6b12
https://doi.org/10.1162/rest_a_01312
https://doi.org/10.1162/rest_a_01312
Autor:
Renato Faccini, Leonardo Melosi
Publikováno v:
American Economic Journal: Macroeconomics. 14:281-318
Current and expected unemployment rates contain information that is highly useful to estimate the effect of news about TFP and to allow a general equilibrium rational expectations model to generate Pigouvian cycles: a large fraction of the comovement
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f009b48917a19d37fe42fee1b462c209
https://doi.org/10.1257/mac.20190467
https://doi.org/10.1257/mac.20190467
Publikováno v:
Chicago Fed Letter.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::34677eeb6030663d7f7b25c054f26eaf
https://doi.org/10.21033/cfl-2023-476
https://doi.org/10.21033/cfl-2023-476
Publikováno v:
Journal of Monetary Economics. 124:107-122
Since the 2001 recession, average core inflation has been below the Federal Reserve’s 2% target. This deflationary bias is a predictable consequence of a symmetric monetary policy strategy that fails to recognize the risk of encountering the zero-l
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::eb5f0a7db0f10a5882811b6405326548
https://doi.org/10.1016/j.jmoneco.2021.10.003
https://doi.org/10.1016/j.jmoneco.2021.10.003
Publikováno v:
Finance and Economics Discussion Series. 2020:1-42
We analyze the framework for monetary policy in view of the effective lower bound (ELB). We find that the ELB is likely to bind in most future recessions and propose some ways that theoretical models imply that the framework could be strengthened. We
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::56330c21d15785e490b65998df632145
https://doi.org/10.17016/feds.2020.067
https://doi.org/10.17016/feds.2020.067
Publikováno v:
SSRN Electronic Journal.
We develop a new class of general-equilibrium models with partially unfunded debt to propose a fiscal theory of persistent inflation. In response to business cycle shocks, the monetary authority controls inflation and the fiscal authority stabilizes
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dbd5450d9b728cd5362c69205a115f84
https://doi.org/10.2139/ssrn.4299613
https://doi.org/10.2139/ssrn.4299613
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b206671b06872321e25d8b1985e7f7f3
https://doi.org/10.2139/ssrn.4236599
https://doi.org/10.2139/ssrn.4236599