IDEAS home Printed from https://ideas.repec.org/e/c/pot62.html
   My authors  Follow this author

Pablo Ottonello

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Pablo Ottonello & Thomas Winberry, 2024. "Capital, Ideas, and the Costs of Financial Frictions," NBER Working Papers 32056, National Bureau of Economic Research, Inc.

    Cited by:

    1. Rafael Guntin & Federico Kochen, 2025. "The Origins of Top Firms," Working Papers wp2025_2516, CEMFI.

  2. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Working Papers 32556, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dean Corbae, 2024. "Comment on "Bankruptcy Resolution and Credit Cycles"," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 40-54, National Bureau of Economic Research, Inc.

  3. Aimé Bierdel & Andres Drenik & Juan Herreño & Pablo Ottonello, 2023. "Illiquid Lemon Markets and the Macroeconomy," NBER Working Papers 31711, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mäkinen, Taneli & Palazzo, Francesco, 2024. "Adverse selection and search congestion in over-the-counter markets," Journal of Monetary Economics, Elsevier, vol. 146(C).

  4. Pablo Ottonello & Wenting Song, 2022. "Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification," Staff Working Papers 22-24, Bank of Canada.

    Cited by:

    1. Rich Ryan, 2025. "Credit-Market Cyclicality and Unemployment Volatility," JRFM, MDPI, vol. 18(9), pages 1-30, August.
    2. Michael B. Devereux & Charles Engel & Steve Pak Yeung Wu, 2023. "Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles," NBER Working Papers 31164, National Bureau of Economic Research, Inc.

  5. Xing Guo & Pablo Ottonello & Diego Perez, 2022. "Monetary Policy and Redistribution in Open Economies," Staff Working Papers 22-6, Bank of Canada.

    Cited by:

    1. Oskolkov, Aleksei, 2023. "Exchange rate policy and heterogeneity in small open economies," Journal of International Economics, Elsevier, vol. 142(C).
    2. Jiang, Zhe (Jasmine), 2023. "‘Multinational Firms’ Sourcing Decisions and Wage Inequality: A Dynamic Analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    3. Oleg Itskhoki & Dmitry Mukhin, 2022. "Sanctions and the Exchange Rate," NBER Working Papers 30009, National Bureau of Economic Research, Inc.
    4. Javier Bianchi & Louphou Coulibaly, 2021. "Liquidity Traps, Prudential Policies, and International Spillovers," Working Papers 780, Federal Reserve Bank of Minneapolis.
    5. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2023. "The Regional Keynesian Cross," Discussion Papers 2311, Centre for Macroeconomics (CFM).
    6. Stein, Hillary, 2025. "Got milk? The effect of export price shocks on exchange rates," Journal of International Economics, Elsevier, vol. 155(C).
    7. Sushant Acharya & Edouard Challe, 2025. "Inequality and optimal monetary policy in the open economy," Post-Print halshs-05148791, HAL.
    8. Zarazúa Juárez, Carlos Alberto, 2023. "Understanding the natural rate of interest for a small open economy," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(3).
    9. Hu, Ruiyang & Wang, Jian & Yang, Yibai & Zheng, Zhijie, 2024. "Inflation and income inequality in an open-economy growth model with liquidity constraints on R&D," Journal of International Money and Finance, Elsevier, vol. 147(C).
    10. Chen, Sihao & Devereux, Michael B. & Shi, Kang & Xu, Juanyi, 2023. "Consumption heterogeneity and monetary policy in an open economy," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 1-15.
    11. Christian Bayer & Alexander Kriwoluzky & Gernot J. Müller & Fabian Seyrich, 2023. "A HANK2 Model of Monetary Unions," Discussion Papers of DIW Berlin 2044, DIW Berlin, German Institute for Economic Research.
    12. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    13. Platonov, Konstantin, 2024. "Confidence spillovers, financial contagion, and stagnation," Journal of International Money and Finance, Elsevier, vol. 148(C).
    14. Sushant Acharya & Edouard Challe, 2024. "Inequality and Optimal Monetary Policy in the Open Economy," NBER Chapters, in: NBER International Seminar on Macroeconomics 2024, National Bureau of Economic Research, Inc.
    15. Panagiotis Bouras & Joaquín Saldain & Xing Guo & Thomas Michael Pugh & Maria teNyenhuis, 2024. "Impacts of interest rate hikes on the consumption of households with a mortgage," Staff Analytical Notes 2024-14, Bank of Canada.
    16. Albin Salmon & Vincent Fleuriet & Paul Vertier, 2025. "Currency Crises and Malnutrition," Working papers 1003, Banque de France.
    17. Hong, Seungki, 2023. "MPCs in an emerging economy: Evidence from Peru," Journal of International Economics, Elsevier, vol. 140(C).
    18. Bobasu, Alina & Dobrew, Michael & Repele, Amalia, 2024. "Energy price shocks, monetary policy and inequality," Working Paper Series 2967, European Central Bank.
    19. Boehnert, Lukas & de Ferra, Sergio & Mitman, Kurt & Romei, Federica, 2025. "Monetary Policy in Currency Unions with Unequal Countries," IZA Discussion Papers 17950, Institute of Labor Economics (IZA).
    20. Fabio Ghironi & Daisoon Kim & Galip Kemal Ozhan, 2023. "International Economic Sanctions and Third-Country Effects," Staff Working Papers 23-46, Bank of Canada.
    21. Xiaoshan Chen & Spyridon Lazarakis & Petros Varthalitis, 2023. "Debt targets and fiscal consolidation in a two-country HANK model for the Euro Area," Working Papers 374162075, Lancaster University Management School, Economics Department.
    22. Xiaoshan Chen & Spyridon Lazarakis & Petros Varthalitis, 2023. "Debt targets and fiscal consolidation in a two country HANK model: the case of Euro Area," Department of Economics Working Papers 2023_02, Durham University, Department of Economics.
    23. Alali, Walid Y. & Alali, Haider, 2023. "The Russia Economic Sanctions Impact World Economy," EconStor Preprints 280740, ZBW - Leibniz Information Centre for Economics.

  6. Andrés Blanco & Pablo Ottonello & Tereza Ranosova, 2022. "The Dynamics of Large Inflation Surges," NBER Working Papers 30555, National Bureau of Economic Research, Inc.

    Cited by:

    1. Speck, Christian, 2023. "Pricing the Bund term structure with linear regressions – without an observable short rate," Discussion Papers 08/2023, Deutsche Bundesbank.
    2. Acharya, Viral & Crosignani, Matteo & Eisert, Tim & Eufinger, Christian, 2023. "How do supply shocks to inflation generalize? Evidence from the pandemic era in Europe," CEPR Discussion Papers 18530, C.E.P.R. Discussion Papers.
    3. Boeck, Maximilian & Zörner, Thomas O., 2025. "Natural gas prices, inflation expectations, and the pass-through to euro area inflation," Energy Economics, Elsevier, vol. 141(C).

  7. Juan M. Morelli & Pablo Ottonello & Diego J. Perez, 2021. "Global Banks and Systemic Debt Crises," NBER Working Papers 28892, National Bureau of Economic Research, Inc.

    Cited by:

    1. François Le Grand & Xavier Ragot, 2021. "Sovereign default and liquidity : The case for a world safe asset," Sciences Po Economics Publications (main) hal-03188242, HAL.
    2. Ottonello, Pablo & Perez, Diego J. & Varraso, Paolo, 2022. "Are collateral-constraint models ready for macroprudential policy design?," Journal of International Economics, Elsevier, vol. 139(C).
    3. Khwazi Magubane, 2025. "Is There a Common Financial Cycle in Systemic Economies?," JRFM, MDPI, vol. 18(3), pages 1-31, February.
    4. Aldasoro, Iñaki & Ehlers, Torsten & Eren, Egemen, 2022. "Global banks, dollar funding, and regulation," Journal of International Economics, Elsevier, vol. 137(C).
    5. Florez-Orrego, Sergio & Maggiori, Matteo & Schreger, Jesse & Sun, Ziwen & Tinda, Serdil, 2023. "Global Capital Allocation," CEPR Discussion Papers 18480, C.E.P.R. Discussion Papers.
    6. Yusuf Soner Başkaya & Bryan Hardy & Sebnem Kalemli-Ozcan & Vivian Yue, 2023. "Sovereign risk and bank lending: evidence from 1999 Turkish earthquake," BIS Working Papers 1093, Bank for International Settlements.
    7. Jia, Junyi & Chen, Jingwei & Yang, Yao, 2025. "Bond default of super-large real estate company and government debt risk," International Review of Financial Analysis, Elsevier, vol. 103(C).
    8. Yasin Kürşat Önder & Maria Alejandra Ruiz-Sanchez & Sara Restrepo-Tamayo & Mauricio Villamizar-Villegas, 2021. "Government Borrowing and Crowding Out," Borradores de Economia 1182, Banco de la Republica de Colombia.
    9. Raoul Minetti & Giacomo Romanini & Oren Ziv, 2025. "Banking complexity in the global economy," Temi di discussione (Economic working papers) 1485, Bank of Italy, Economic Research and International Relations Area.
    10. Jin, Jing & Liao, Rose C. & Loureiro, Gilberto, 2021. "The diverse effects of currency crises on multinational and local firms: The use of foreign currency debt," Journal of Multinational Financial Management, Elsevier, vol. 62(C).
    11. Dario Caldara & Francesco Ferrante & Matteo Iacoviello & Andrea Prestipino & Albert Queraltó, 2023. "The International Spillovers of Synchronous Monetary Tightening," International Finance Discussion Papers 1384, Board of Governors of the Federal Reserve System (U.S.).
    12. Fernando Broner & Alberto Martin & Lorenzo Pandolfi & Tomas Williams, 2020. "Winners and Losers from Sovereign Debt Inflows," CSEF Working Papers 562, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    13. Beck, Roland & Coppola, Antonio & Lewis, Angus & Maggiori, Matteo & Schmitz, Martin & Schreger, Jesse, 2023. "The Geography of Capital Allocation in the Euro Area," Research Papers 4102, Stanford University, Graduate School of Business.
    14. Boris Hofmann & Nikhil Patel & Steve Pak Yeung Wu, 2022. "Original sin redux: a model-based evaluation," BIS Working Papers 1004, Bank for International Settlements.
    15. Passadore, Juan & Xu, Yu, 2022. "Illiquidity in sovereign debt markets," Journal of International Economics, Elsevier, vol. 137(C).
    16. Simon Gilchrist & Bin Wei & Vivian Z. Yue & Egon Zakrajšek, 2021. "Sovereign Risk and Financial Risk," FRB Atlanta Working Paper 27, Federal Reserve Bank of Atlanta.
    17. Valentin Haddad & Tyler Muir, 2021. "Do Intermediaries Matter for Aggregate Asset Prices?," Journal of Finance, American Finance Association, vol. 76(6), pages 2719-2761, December.
    18. Ozge Akinci & Ṣebnem Kalemli-Özcan & Albert Queralto, 2022. "Uncertainty Shocks, Capital Flows, and International Risk Spillovers," NBER Working Papers 30026, National Bureau of Economic Research, Inc.
    19. Andre Harrison & Robert R. Reed, 2024. "Capital flows to developing countries: Implications for monetary policy across the globe," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 839-906, August.
    20. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2020. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," Journal of Finance, American Finance Association, vol. 75(6), pages 3097-3138, December.
    21. Carattini, Stefano & Kim, Giseong & Melkadze, Givi & Pommeret, Aude, 2024. "Carbon taxes and tariffs, financial frictions, and international spillovers," European Economic Review, Elsevier, vol. 170(C).
    22. Sorin-George Toma & Loredana Nicoleta Zainea & Dragoș Tohănean, 2019. "Global Banks: The Race for Supremacy in 2018," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 64-69, December.
    23. Pablo Ottonello & Wenting Song, 2022. "Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification," NBER Working Papers 29638, National Bureau of Economic Research, Inc.
    24. Sorin-George Toma & Andra Modreanu, 2022. "Competing for Dominance in Global Banking," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 227-233, Decembrie.
    25. Ottonello, Pablo, 2021. "Optimal exchange-rate policy under collateral constraints and wage rigidity," Journal of International Economics, Elsevier, vol. 131(C).
    26. Yasin K rsat nder & Enes Sunel, 2021. "Default of Depreciate," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1023, Ghent University, Faculty of Economics and Business Administration.
    27. Bianchi, Javier & Sosa-Padilla, César, 2024. "On wars, sanctions, and sovereign default," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 62-70.
    28. Corsetti, Giancarlo, 2024. "Comment on: “The International Spillovers of Synchronous Monetary Tightening” by Dario Caldara, Francesco Ferrante, Matteo Iacoviello, Andrea Prestipino, and Albert Queralto," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 153-156.
    29. Francq, Christian & Zakoïan, Jean-Michel, 2025. "Inference on dynamic systemic risk measures," Journal of Econometrics, Elsevier, vol. 247(C).
    30. Mitchener, Kris & Trebesch, Christoph, 2021. "Sovereign Debt in the 21st Century: Looking Backward, Looking Forward," CEPR Discussion Papers 15935, C.E.P.R. Discussion Papers.
    31. Harrison, Andre & Reed, Robert R., 2023. "International capital flows, liquidity risk, and monetary policy," Journal of Macroeconomics, Elsevier, vol. 77(C).
    32. Lewis, Kurt F. & Longstaff, Francis A. & Petrasek, Lubomir, 2021. "Asset mispricing," Journal of Financial Economics, Elsevier, vol. 141(3), pages 981-1006.
    33. Cai, Yi & Tang, Zhenpeng & Chen, Kaijie & Liu, Dinggao, 2023. "Quantifying the international stock market risk spillover: An analysis based on G-expectation upper variances," Finance Research Letters, Elsevier, vol. 58(PA).
    34. Beqiraj, Elton & Cao, Qingqing & De Haas, Ralph & Minetti, Raoul, 2025. "Global banking and macroeconomic stability. Liquidity, control, and monitoring," Journal of International Economics, Elsevier, vol. 155(C).
    35. Yusuf Soner Başkaya & Bryan Hardy & Ṣebnem Kalemli-Özcan & Vivian Z. Yue, 2023. "Sovereign Risk and Bank Lending: Theory and Evidence from a Natural Disaster," FRB Atlanta Working Paper 2023-01, Federal Reserve Bank of Atlanta.

  8. Pablo Ottonello & Diego J. Perez & Paolo Varraso, 2021. "Are Collateral-Constraint Models Ready for Macroprudential Policy Design?," NBER Working Papers 29204, National Bureau of Economic Research, Inc.

    Cited by:

    1. Manuel Amador & Javier Bianchi, 2024. "Bank Runs, Fragility, and Regulation," NBER Working Papers 32341, National Bureau of Economic Research, Inc.
    2. Mr. Suman S Basu & Ms. Emine Boz & Ms. Gita Gopinath & Mr. Francisco Roch & Ms. Filiz D Unsal, 2023. "Integrated Monetary and Financial Policies for Small Open Economies," IMF Working Papers 2023/161, International Monetary Fund.
    3. Javier Bianchi & Guido Lorenzoni, 2021. "The Prudential Use of Capital Controls and Foreign Currency Reserves," Working Papers 787, Federal Reserve Bank of Minneapolis.
    4. Esposito, Federico & Hassan, Fadi, 2023. "Import competition, trade credit and financial frictions in general equilibrium," LSE Research Online Documents on Economics 121378, London School of Economics and Political Science, LSE Library.
    5. Arce, Fernando & Bengui, Julien & Bianchi, Javier, 2025. "Overborrowing, underborrowing, and macroprudential policy," Journal of Economic Theory, Elsevier, vol. 227(C).
    6. Andrea Lanteri & Adriano A. Rampini, 2023. "Constrained-Efficient Capital Reallocation," American Economic Review, American Economic Association, vol. 113(2), pages 354-395, February.
    7. Gulan, Adam & Jokivuolle, Esa & Verona, Fabio, 2022. "Optimal bank capital requirements: What do the macroeconomic models say?," BoF Economics Review 2/2022, Bank of Finland.
    8. Julian A. Parra-Polania & Carmina O. Vargas, 2025. "Debt Taxes During Crises, a Blessing in Disguise?," Annals of Economics and Finance, Society for AEF, vol. 26(2), pages 707-730, November.
    9. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Working Papers 32556, National Bureau of Economic Research, Inc.
    10. Andreas Schabert, 2025. "Taxing versus subsidizing debt under financial frictions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 79(4), pages 1383-1420, June.
    11. Drechsel, Thomas & Kim, Seho, 2024. "Macroprudential policy with earnings-based borrowing constraints," Journal of Monetary Economics, Elsevier, vol. 147(C).
    12. Andrea Fabiani & Martha López & José-Luis Peydró & Paul E. Soto, 2023. "Capital Controls, Corporate Debt and Real Effects: Evidence from Boom and Crisis Times," Borradores de Economia 1244, Banco de la Republica de Colombia.
    13. Gianluca Benigno & Alessandro Rebucci & Aliaksandr Zaretski, 2025. "Managing Financial Crises," School of Economics Discussion Papers 0625, School of Economics, University of Surrey.
    14. Lee, David, 2023. "Modeling Collateralization and Its Economic Significance," MPRA Paper 118678, University Library of Munich, Germany.
    15. Shah, Rohan, 2024. "Financial crises with different collateral types," Journal of Economic Dynamics and Control, Elsevier, vol. 166(C).
    16. Carmiña O. Vargas & Julian A. Parra-Polania, 2022. "Relevance of the collateral constraint form in the analysis of financial crisis interventions," Borradores de Economia 1190, Banco de la Republica de Colombia.
    17. Bingbing Dong & Jieran Wu & Eric Young, 2023. "The Role of Collateral in Sudden Stop Models," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(6), pages 79-110, November.

  9. Rafael Guntin & Pablo Ottonello & Diego Perez, 2020. "The Micro Anatomy of Macro Consumption Adjustments," NBER Working Papers 27917, National Bureau of Economic Research, Inc.

    Cited by:

    1. Adams, Jonathan J. & Rojas, Eugenio, 2024. "Household Consumption and Dispersed Information," Journal of Monetary Economics, Elsevier, vol. 147(C).
    2. Andres Blanco & Pablo Ottonello & Tereza Ranošová, 2024. "The Dynamics of Large Inflation Surges," FRB Atlanta Working Paper 2024-9, Federal Reserve Bank of Atlanta.
    3. Hong, Seungki, 2023. "MPCs in an emerging economy: Evidence from Peru," Journal of International Economics, Elsevier, vol. 140(C).
    4. Bobasu, Alina & Dobrew, Michael & Repele, Amalia, 2024. "Energy price shocks, monetary policy and inequality," Working Paper Series 2967, European Central Bank.
    5. Boehnert, Lukas & de Ferra, Sergio & Mitman, Kurt & Romei, Federica, 2025. "Monetary Policy in Currency Unions with Unequal Countries," IZA Discussion Papers 17950, Institute of Labor Economics (IZA).

  10. Javier Bianchi & Pablo Ottonello & Ignacio Presno, 2019. "Fiscal Stimulus Under Sovereign Risk," International Finance Discussion Papers 1257, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Markus Kirchner & Malte Rieth, 2021. "Sovereign Default Risk, Macroeconomic Fluctuations and Monetary-Fiscal Stabilization," Discussion Papers of DIW Berlin 1966, DIW Berlin, German Institute for Economic Research.
    2. Andrés Fernández & Daniel Guzmán & Ruy E. Lama & Carlos A. Vegh, 2021. "Procyclical fiscal policy and asset market incompleteness," Working Papers Central Bank of Chile 925, Central Bank of Chile.
    3. Cox, Lydia & Feng, Jiacheng & Müller, Gernot & Pasten, Ernesto & Schoenle, Raphael & Weber, Michael, 2024. "Optimal Monetary and Fiscal Policies in Disaggregated Economies," CEPR Discussion Papers 19340, C.E.P.R. Discussion Papers.
    4. Javier Bianchi & Guido Lorenzoni, 2021. "The Prudential Use of Capital Controls and Foreign Currency Reserves," Working Papers 787, Federal Reserve Bank of Minneapolis.
    5. Horn, Sebastian & Mihalyi, David & Nickol, Philipp & Sosa Padilla, César, 2024. "Hidden debt revelations," Ruhr Economic Papers 1101, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    6. Siming Liu & Hewei Shen, 2022. "Fiscal Commitment and Sovereign Default Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 98-123, October.
    7. Joshua Aizenman & Yothin Jinjarak & Mark M. Spiegel, 2022. "Fiscal Capacity and Commercial Bank Lending Under COVID-19," NBER Working Papers 29882, National Bureau of Economic Research, Inc.
    8. Gomez-Gonzalez, Jose E. & Valencia, Oscar M. & Sánchez, Gustavo A., 2022. "How fiscal rules can reduce sovereign debt default risk," Emerging Markets Review, Elsevier, vol. 50(C).
    9. Phan, Toàn & Schwartzman, Felipe, 2024. "Climate defaults and financial adaptation," European Economic Review, Elsevier, vol. 170(C).
    10. Jiang, Zhengyang & Lustig, Hanno & Van Nieuwerburgh, Stijn & Xiaolan, Mindy Z., 2020. "Manufacturing Risk-Free Government Debt," Research Papers 3882, Stanford University, Graduate School of Business.
    11. Liu, Siming, 2022. "Government spending during sudden stop crises," Journal of International Economics, Elsevier, vol. 135(C).
    12. Martin Wolf, 2019. "Pecuniary Externalities in Economies with Downward Wage Rigidity," Vienna Economics Papers vie1905, University of Vienna, Department of Economics.
    13. Cusato Novelli, Antonio & Barcia, Giancarlo, 2021. "Sovereign Risk, Public Investment and the Fiscal Policy Stance," Journal of Macroeconomics, Elsevier, vol. 67(C).
    14. Greppmair, Stefan & Jank, Stephan & Smajlbegovic, Esad, 2021. "On the importance of fiscal space: Evidence from short sellers during the COVID-19 pandemic," Discussion Papers 29/2021, Deutsche Bundesbank.
    15. Tamon Asonuma & Hyungseok Joo, 2023. "Sovereign Defaults and Debt Restructurings: Public Capital and Fiscal Constraint Tightness," School of Economics Discussion Papers 0323, School of Economics, University of Surrey.
    16. Müller, Gernot & Pfeifer, Johannes & Born, Benjamin, 2015. "Does austerity pay off?," CEPR Discussion Papers 10425, C.E.P.R. Discussion Papers.
    17. Javier Bianchi & Jorge Mondragon, 2022. "Monetary Independence and Rollover Crises," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(1), pages 435-491.
    18. Marjan Petreski, 2024. "The Fiscal Space And The Fiscal Stimulus During Crisis In The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 69(242), pages 7-25, July – Se.
    19. Christos Shiamptanis, 2019. "Tax Austerity: Does it Avert Solvency Crises?," LCERPA Working Papers bm0126, Laurier Centre for Economic Research and Policy Analysis, revised 2021.
    20. Zheng, Huanhuan, 2023. "Sovereign debt responses to the COVID-19 pandemic," Journal of International Economics, Elsevier, vol. 143(C).
    21. Islamaj, Ergys & Samano Penaloza, Agustin & Sommers,Scott, 2024. "The Sovereign Spread Compressing Effect of Fiscal Rules during Global Crises," Policy Research Working Paper Series 10741, The World Bank.
    22. Scholl, Almuth, 2024. "The politics of redistribution and sovereign default," Journal of International Economics, Elsevier, vol. 148(C).
    23. Rhea Choudhary, 2022. "AnalysingthespillovereffectsoftheSouthAfricanReserveBanksbondpurchaseprogramme," Working Papers 11039, South African Reserve Bank.
    24. Farzana Alamgir & Johnny Cotoc & Alok Johri, 2022. "The Bribe Rate and Long Run Differences in Sovereign Borrowing Costs," Department of Economics Working Papers 2022-07, McMaster University.
    25. Farzana Alamgir & Alok Johri, 2022. "International Sovereign Spread Differences and the Poverty of Nations," Department of Economics Working Papers 2022-06, McMaster University.
    26. Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
    27. Toan Phan & Felipe Schwartzman, 2023. "Climate Defaults and Financial Adaptation," Working Paper 23-06, Federal Reserve Bank of Richmond.
    28. Prein, Timm, 2019. "Persistent Unemployment, Sovereign Debt Crises, and the Impact of Haircuts," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203654, Verein für Socialpolitik / German Economic Association, revised 2019.
    29. Javier Bianchi, 2022. "The Research Agenda: Javier Bianchi on Financial Crises and Prudential Policies," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 23(1), April.
    30. Froemel, Maren & Paczos, Wojtek, 2024. "Imperfect Financial Markets and the Cyclicality of Social Spending," Cardiff Economics Working Papers E2024/3, Cardiff University, Cardiff Business School, Economics Section.
    31. Tamon Asonuma & Hyungseok Joo, 2021. "Public Capital and Fiscal Constraint in Sovereign Debt Crises," School of Economics Discussion Papers 0621, School of Economics, University of Surrey.
    32. Efraim Benmelech & Nitzan Tzur-Ilan, 2020. "The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis," NBER Working Papers 27461, National Bureau of Economic Research, Inc.
    33. Anzoategui, Diego, 2022. "Sovereign spreads and the effects of fiscal austerity," Journal of International Economics, Elsevier, vol. 139(C).
    34. Matthieu Darracq Paries & Georg Muller & Niki Papadopoulou, 2022. "Fiscal Multipliers with Sovereign Risk and Fragile Banks," Working Papers 2022-5, Central Bank of Cyprus.
    35. Ricardo Alonzo Fern'andez Salguero, 2025. "The Crisis Simulator for Bolivia (KISr-p): An Empirically Grounded Modeling Framework," Papers 2510.16537, arXiv.org.
    36. Maeng, F. S., 2024. "Default, Inflation Expectations, and the Currency Denomination of Sovereign Bonds," Cambridge Working Papers in Economics 2438, Faculty of Economics, University of Cambridge.
    37. Rhea Choudhary, 2022. "Analysing the spillover effects of the South African Reserve Banks bond purchase programme," Working Papers 11025, South African Reserve Bank.
    38. Carmiña O. Vargas & Julian A. Parra‐Polania, 2021. "Analysis of macro‐prudential and ex post financial crisis interventions: Relevance of the fiscal‐policy setup," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3759-3769, July.
    39. Salamaliki, Paraskevi K., 2024. "Globalization and fiscal policy after financial crises," European Journal of Political Economy, Elsevier, vol. 85(C).
    40. Patella, Valeria & Tancioni, Massimiliano, 2021. "Confidence Swings and Sovereign Risk Dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 195-206.
    41. Antonia Díaz & Luis A. Puch, 2021. "EU After COVID-19: An Opportunity for Policy Coordination," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(4), pages 197-200, July.
    42. Andrius Montrimas & Jurgita Bruneckienė & Vaidas Gaidelys, 2021. "Beyond the Socio-Economic Impact of Transport Megaprojects," Sustainability, MDPI, vol. 13(15), pages 1-29, July.

  11. Pablo Ottonello & Thomas Winberry, 2018. "Financial Heterogeneity and the Investment Channel of Monetary Policy," NBER Working Papers 24221, National Bureau of Economic Research, Inc.

    Cited by:

    1. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2018. "Quantifying Reduced-Form Evidence on Collateral Constraints," Working Papers hal-03393129, HAL.
    3. Central Bank of Chile, 2025. "Firm and household heterogeneity at the Central Bank of Chile," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 45-62, Bank for International Settlements.
    4. Antonis Kotidis & Margaux MacDonald & Dimitris Malliaropulos, 2023. "Guaranteeing trade in a severe crisis: cash collateral over bank guarantees," Working Papers 316, Bank of Greece.
    5. Wolf, Martin & Fornaro, Luca, 2021. "Monetary Policy in the Age of Automation," CEPR Discussion Papers 16416, C.E.P.R. Discussion Papers.
    6. Frédéric Boissay & Fabrice Collard & Jordi Galí & Cristina Manea, 2022. "Monetary Policy and Endogenous Financial Crises," Working Papers hal-03509283, HAL.
    7. Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
    8. Xing Guo, 2020. "Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation," Staff Working Papers 20-17, Bank of Canada.
    9. Minsu Chang & Xiaohong Chen & Frank Schorfheide, 2021. "Heterogeneity and Aggregate Fluctuations," NBER Working Papers 28853, National Bureau of Economic Research, Inc.
    10. Melcangi, Davide & Sterk, Vincent, 2024. "Stock Market Participation, Inequality, and Monetary Policy," CEPR Discussion Papers 18853, C.E.P.R. Discussion Papers.
    11. Joseph, Andreas & Kneer, Christiane & van Horen, Neeltje, 2022. "All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis," CEPR Discussion Papers 14199, C.E.P.R. Discussion Papers.
    12. Alessandro Barattieri & Matteo Cacciatore, 2020. "Self-Harming Trade Policy? Protectionism and Production Networks," NBER Working Papers 27630, National Bureau of Economic Research, Inc.
    13. Julian di Giovanni & John Rogers, 2024. "The Impact of U.S. Monetary Policy on Foreign Firms," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 58-115, March.
    14. Cascaldi-Garcia, Danilo & Vukoti, Marija & Zubairy, Sarah, 2023. "Innovation During Challenging Times," The Warwick Economics Research Paper Series (TWERPS) 1475, University of Warwick, Department of Economics.
    15. Martina Jasova & Caterina Mendicino & Ettore Panetti & José-Luis Peydró & Dominik Supera, 2021. "Monetary policy, labor income redistribution and the credit channel: Evidence from matched employer-employee and credit registers," Economics Working Papers 1832, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2023.
    16. Gambacorta, Leonardo & Huang, Yiping & Li, Zhenhua & Qiu, Han & Chen, Shu, 2020. "Data vs collateral," CEPR Discussion Papers 15262, C.E.P.R. Discussion Papers.
    17. Inessa Benchora & Aurélien Leroy & Louis Raffestin, 2025. "Is monetary policy transmission green?," Post-Print hal-04954776, HAL.
    18. Knut Are Aastveit & Bruno Albuquerque & Andr Anundsen, 2019. "Changing supply elasticities and regional housing booms," Working Papers No 04/2019, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    19. Djeneba Dramé & Florian Léon, 2025. "Do firms react to monetary policy in developing countries? [European Economic Review]," Post-Print hal-05172185, HAL.
    20. Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2020. "Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model," CESifo Working Paper Series 8051, CESifo.
    21. Bahaj, Saleem Abubakr & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2018. "Employment and the collateral channel of monetary policy," LSE Research Online Documents on Economics 100934, London School of Economics and Political Science, LSE Library.
    22. Grimaud, Alex & Salle, Isabelle & Vermandel, Gauthier, 2025. "A Dynare toolbox for social learning expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 172(C).
    23. Hartwig, Benny & Lieberknecht, Philipp, 2020. "Monetary policy, firm exit and productivity," Discussion Papers 61/2020, Deutsche Bundesbank.
    24. Yujie Yang & Chenxing Zhang & Wenwen Hou, 2023. "Two-Country HANK and trade friction," PLOS ONE, Public Library of Science, vol. 18(7), pages 1-37, July.
    25. Alex Hsu & Indrajit Mitra & Linghang Zeng, 2023. "The Profitability Channel of Monetary Policy Transmission," FRB Atlanta Working Paper 2023-6, Federal Reserve Bank of Atlanta.
    26. Kagerer, B., 2024. "Geopolitics and corporate risk: Evidence from EU-Russia conflict shocks," Cambridge Working Papers in Economics 2471, Faculty of Economics, University of Cambridge.
    27. Sangyup Choi & Tim Willems & Seung Yong Yoo, 2022. "Revisiting the Monetary Transmission Mechanism Through an Industry-Level Differential Approach," IMF Working Papers 2022/017, International Monetary Fund.
    28. F. Boissay & F. Collard & C. Manea & A. Shapiro, 2025. "Monetary Tightening and Financial Stress During Supply- versus Demand-Driven Inflation," International Journal of Central Banking, International Journal of Central Banking, vol. 21(2), pages 147-220, April.
    29. Peydró, José-Luis & fabiani, andrea & Lopéz Piñeros, Martha & Soto, Paul, 2021. "Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy," CEPR Discussion Papers 16510, C.E.P.R. Discussion Papers.
    30. Dobrew, Michael & Gerke, Rafael & Giesen, Sebastian & Röttger, Joost, 2025. "Make-up strategies with incomplete markets and bounded rationality," European Economic Review, Elsevier, vol. 173(C).
    31. Bu, Chunya & Rogers, John & Wu, Wenbin, 2021. "A unified measure of Fed monetary policy shocks," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 331-349.
    32. Michael D. Bauer & Eric A. Offner & Glenn D. Rudebusch, 2024. "Green Stocks and Monetary Policy Shocks: Evidence from Europe," CESifo Working Paper Series 11552, CESifo.
    33. Thomas Kroen & Ernest Liu & Atif R. Mian & Amir Sufi, 2021. "Falling Rates and Rising Superstars," NBER Working Papers 29368, National Bureau of Economic Research, Inc.
    34. Miguel H. Ferreira & Timo Haber & Christian Rörig, 2023. "Financial Constraints and Firm Size: Micro-Evidence and Aggregate Implications," Working Papers 948, Queen Mary University of London, School of Economics and Finance.
    35. Dario Caldara & Matteo Iacoviello & Patrick Molligo & Andrea Prestipino & Andrea Raffo, 2019. "The Economic Effects of Trade Policy Uncertainty," International Finance Discussion Papers 1256, Board of Governors of the Federal Reserve System (U.S.).
    36. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    37. Esposito, Federico & Hassan, Fadi, 2023. "Import competition, trade credit and financial frictions in general equilibrium," LSE Research Online Documents on Economics 121378, London School of Economics and Political Science, LSE Library.
    38. Hanno Kase & Leonardo Melosi & Matthias Rottner, 2025. "Estimating nonlinear heterogeneous agent models with neural networks," BIS Working Papers 1241, Bank for International Settlements.
    39. Isabel Argimón & Irene Roibás, 2023. "Debt overhang, credit demand and financial conditions," Working Papers 2308, Banco de España.
    40. Han, Qian & Song, Zhaogang & Yuan, Yufei & Zhao, Yuanhang, 2023. "Monetary transmission and government investment in China," China Economic Review, Elsevier, vol. 82(C).
    41. Hou, Shuting & Zheng, Bowen, 2024. "The unintended interaction effect of monetary and macroprudential policies: Evidence from China’s bank-level data," Finance Research Letters, Elsevier, vol. 67(PB).
    42. Elstner, Steffen & Grimme, Christian & Kecht, Valentin & Lehmann, Robert, 2022. "The diffusion of technological progress in ICT," European Economic Review, Elsevier, vol. 149(C).
    43. Almut Balleer & Marvin Noeller, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-Level Data," CESifo Working Paper Series 10261, CESifo.
    44. Christian Abele & Agnès Bénassy-Quéré & Lionel Fontagné, 2024. "The impact of financial tightening on firm productivity: Maturity matters," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04564467, HAL.
    45. Bustos, Emil, 2023. "The Effect of Financial Constraints on Inventory Holdings," Working Paper Series 1463, Research Institute of Industrial Economics.
    46. Alexandre Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Economics Series Working Papers 1073, University of Oxford, Department of Economics.
    47. Hannah Magdalena Seidl & Fabian Seyrich, 2021. "Unconventional Fiscal Policy in HANK," Discussion Papers of DIW Berlin 1953, DIW Berlin, German Institute for Economic Research.
    48. Simone Auer & Marco Bernardini & Martina Cecioni, 2019. "Corporate Leverage and Monetary Policy Effectiveness in the Euro Area," 2019 Meeting Papers 1102, Society for Economic Dynamics.
    49. Hirokazu Mizobata, 2018. "Firm Heterogeneity and the Dynamics of Credit Rationing in Japan," KIER Working Papers 1000, Kyoto University, Institute of Economic Research.
    50. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2021. "Monetary Policy, External Finance and Investment," Working Papers 92, Red Nacional de Investigadores en Economía (RedNIE).
    51. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España.
    52. Döttling, Robin & Lam, Adrian, 2023. "Does Monetary Policy Shape the Path to Carbon Neutrality?," OSF Preprints kqdar, Center for Open Science.
    53. Xing Guo & Alistair Macaulay & Wenting Song, 2024. "The (Mis)Allocation of Corporate News," Staff Working Papers 24-47, Bank of Canada.
    54. Marco Di Maggio & Amir Kermani & Rodney Ramcharan & Vincent Yao & Edison Yu, 2020. "The Pass-Through of Uncertainty Shocks to Households," NBER Working Papers 27646, National Bureau of Economic Research, Inc.
    55. Gerald A. Carlino & Thorsten Drautzburg & Robert P. Inman & Nicholas Zarra, 2020. "Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States," Working Papers 20-20, Federal Reserve Bank of Philadelphia.
    56. Miguel García-Posada & Peter Paz, 2024. "The transmission of monetary policy to credit supply in the euro area," Working Papers 2430, Banco de España.
    57. Miguel Faria-e-Castro & Samuel Jordan-Wood & Julian Kozlowski, 2024. "An Empirical Analysis of the Cost of Borrowing," Working Papers 2024-016, Federal Reserve Bank of St. Louis, revised 03 Nov 2025.
    58. Markus Brunnermeier & Sergio Correia & Stephan Luck & Emil Verner & Tom Zimmermann, 2025. "The Debt-Inflation Channel of the German (Hyper) Inflation," American Economic Review, American Economic Association, vol. 115(7), pages 2111-2150, July.
    59. Vladimir Asriyan & Alexandre Kohlhas, 2025. "The macroeconomics of data: Scale, product choice, and pricing in the information age," Economics Working Papers 1904, Department of Economics and Business, Universitat Pompeu Fabra.
    60. Rodnyansky, Alexander & Darmouni, Olivier, 2020. "The Bond Lending Channel of Monetary Policy," CEPR Discussion Papers 14659, C.E.P.R. Discussion Papers.
    61. Nicolas Crouzet, 2021. "Credit Disintermediation and Monetary Policy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 23-89, March.
    62. Coussin, Maximilien, 2025. "The multifaceted effect of monetary policy on U.S. credit aggregates," Journal of Macroeconomics, Elsevier, vol. 84(C).
    63. Heresi, Rodrigo & Powell, Andrew, 2022. "Corporate Debt and Investment in the Post-Covid World," IDB Publications (Working Papers) 12422, Inter-American Development Bank.
    64. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    65. Elif C. Arbatli-Saxegaard & Ragnar E. Juelsrud, 2020. "Countercyclical capital requirement reductions, state dependence and macroeconomic outcomes," Working Paper 2020/9, Norges Bank.
    66. Francisco Buera & Sudipto Karmakar, 2019. "Real effects of financial distress: the role of heterogeneity," Bank of England working papers 814, Bank of England.
    67. Alder, Marie & Coimbra, Nuno & Szczerbowicz, Urszula, 2024. "Corporate debt structure and heterogeneous monetary policy transmission," CEPR Discussion Papers 18787, C.E.P.R. Discussion Papers.
    68. Joao Ayres & Gajendran Raveendranathan, 2021. "Online Appendix to "Firm Entry and Exit during Recessions"," Online Appendices 20-136, Review of Economic Dynamics.
    69. Emin M. Dinlersoz & Henry Hyatt & Ṣebnem Kalemli-Özcan & Veronika Penciakova, 2019. "Leverage over the Firm Life Cycle, Firm Growth, and Aggregate Fluctuations," FRB Atlanta Working Paper 2019-18, Federal Reserve Bank of Atlanta.
    70. Nöller, Marvin & Balleer, Almut, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-level Data," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277638, Verein für Socialpolitik / German Economic Association.
    71. Darmouni, Olivier & Siani, Kerry Y., 2025. "Bond market stimulus: Firm-level evidence," Journal of Monetary Economics, Elsevier, vol. 151(C).
    72. Eskandari, Ruhollah & Zamanian, Morteza, 2022. "Cost of carry, financial constraints, and dynamics of corporate cash holdings," Journal of Corporate Finance, Elsevier, vol. 74(C).
    73. Johannes Poeschl & Ram Yamarthy, 2022. "Aggregate Risk in the Term Structure of Corporate Credit," Working Papers 22-02, Office of Financial Research, US Department of the Treasury.
    74. Amendola, Marco & Pereira, Marcelo C., 2025. "State-dependent impulse responses in agent-based models: A new methodology and an economic application," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    75. Tran, Thanh & Nguyen, Harvey & Pham, Mia Hang, 2025. "Do financial markets value corporate culture?," International Review of Financial Analysis, Elsevier, vol. 98(C).
    76. Priit Jeenas, 2023. "Firm balance sheet liquidity, monetary policy shocks, and investment dynamics," Economics Working Papers 1872, Department of Economics and Business, Universitat Pompeu Fabra.
    77. Stéphane Dupraz, 2023. "The Dynamic IS Curve when there is both Investment and Savings," Working papers 905, Banque de France.
    78. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2022. "Employment and the residential collateral channel of monetary policy," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 26-44.
    79. Deng, Minjie & Fang, Min, 2022. "Debt maturity heterogeneity and investment responses to monetary policy," European Economic Review, Elsevier, vol. 144(C).
    80. Aistleitner, Matthias & Gräbner, Claudius & Hornykewycz, Anna, 2021. "Theory and empirics of capability accumulation: Implications for macroeconomic modeling," Research Policy, Elsevier, vol. 50(6).
    81. Nalban, Valeriu, 2018. "Sectoral intermediate goods and redistributive effects of economic policies," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 292-307.
    82. Das, Sonali & Song, Wenting, 2023. "Monetary policy transmission and policy coordination in China," China Economic Review, Elsevier, vol. 82(C).
    83. Palazzo, Berardino & Yamarthy, Ram, 2022. "Credit risk and the transmission of interest rate shocks," Journal of Monetary Economics, Elsevier, vol. 130(C), pages 120-136.
    84. Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Bank credit, inflation, and default risks over an infinite horizon," LSE Research Online Documents on Economics 119771, London School of Economics and Political Science, LSE Library.
    85. Matzner, Anna & Steininger, Lea, 2024. "Firms’ heterogeneous (and unintended) investment response to carbon price increases," Working Paper Series 2958, European Central Bank.
    86. Fergus Cumming & Paul Hubert, 2019. "The Role of Households' Borrowing Constraints in the Transmission of Monetary Policy This paper investigates how the transmission of monetary policy to the real economy depends on the distribution of ," Documents de Travail de l'OFCE 2019-20, Observatoire Francais des Conjonctures Economiques (OFCE).
    87. Jackson, Paul & Madison, Florian, 2022. "Entrepreneurial finance and monetary policy," European Economic Review, Elsevier, vol. 141(C).
    88. Nathan Goldstein & Ohad Raveh, 2024. "Looking up the sky: unidentified aerial phenomena and macroeconomic attention," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-25, December.
    89. Yiping Huang & Xiang Li & Han Qiu & Changhua Yu, 2023. "Big tech credit and monetary policy transmission: micro-level evidence from China," BIS Working Papers 1084, Bank for International Settlements.
    90. de Groot, Oliver & Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Nikalexi, Katerina, 2020. "Monetary policy and regional inequality," Working Paper Series 2385, European Central Bank.
    91. Guzmán González-Torres & Giacomo Rodano, 2020. "Court efficiency and aggregate productivity: the credit channel," Temi di discussione (Economic working papers) 1287, Bank of Italy, Economic Research and International Relations Area.
    92. Altomonte, Carlo & Favoino, Domenico & Morlacco, Monica & Sonno, Tommaso, 2021. "Markups, intangible capital and heterogeneous financial frictions," LSE Research Online Documents on Economics 114280, London School of Economics and Political Science, LSE Library.
    93. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2018. "On DSGE Models," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 113-140, Summer.
    94. Priit Jeenas & Ricardo Lagos, 2024. "Q-Monetary Transmission," Journal of Political Economy, University of Chicago Press, vol. 132(3), pages 971-1012.
    95. Deng, Minjie & Liu, Chang, 2024. "Sovereign risk and intangible investment," Journal of International Economics, Elsevier, vol. 152(C).
    96. Uluc Aysun & Zeynep Yom, 2025. "Technology creation, business cycles and monetary transmission," Villanova School of Business Department of Economics and Statistics Working Paper Series 61, Villanova School of Business Department of Economics and Statistics.
    97. Pflueger, Carolin & Rinaldi, Gianluca, 2022. "Why does the Fed move markets so much? A model of monetary policy and time-varying risk aversion," Journal of Financial Economics, Elsevier, vol. 146(1), pages 71-89.
    98. Santiago Camara & Sebastian Ramirez Venegas, 2022. "The Transmission of US Monetary Policy Shocks: The Role of Investment & Financial Heterogeneity," Papers 2209.11150, arXiv.org.
    99. Rodnyansky, A. & Timmer, Y. & Yago, N., 2023. "Intervening against the Fed," Cambridge Working Papers in Economics 2357, Faculty of Economics, University of Cambridge.
    100. Alex Hsu & Indrajit Mitra & Yu Xu & Linghang Zeng, 2023. "The Fed Information Effect and Firm-Level Investment: Evidence and Theory," FRB Atlanta Working Paper 2023-6a, Federal Reserve Bank of Atlanta, revised Mar 2024.
    101. Hassan Afrouzi & Andres Drenik & Ryan Kim, 2020. "Growing by the Masses - Revisiting the Link between Firm Size and Market Power," CESifo Working Paper Series 8633, CESifo.
    102. Aarti Singh & Jacek Suda & Anastasia Zervou, 2023. "Heterogeneous labor market response to monetary policy: small versus large firms," NBP Working Papers 355, Narodowy Bank Polski.
    103. Joao Ayres & Gajendran Raveendranathan, 2018. "The Firm Dynamics of Business Cycles," Department of Economics Working Papers 2018-16, McMaster University.
    104. Valentin Grob & Gabriel Züllig, 2024. "Corporate leverage and the effects of monetary policy on investment: A reconciliation of micro and macro elasticities," IRENE Working Papers 24-04, IRENE Institute of Economic Research.
    105. Alisdair McKay & Christian K. Wolf, 2023. "What Can Time‐Series Regressions Tell Us About Policy Counterfactuals?," Econometrica, Econometric Society, vol. 91(5), pages 1695-1725, September.
    106. Andrea Nocera & M. Hashem Pesaran, 2023. "Causal effects of the Fed's large-scale asset purchases on firms' capital structure," Papers 2310.18638, arXiv.org.
    107. Fergus Cumming & Paul Hubert, 2019. "The role of households’ borrowing constraints in the transmission of monetary policy," Bank of England working papers 836, Bank of England.
    108. Fritsche, Jan Philipp & Steininger, Lea, 2022. "The Labor Share is a Catalyst for Monetary Policy - Two Million Firms' Production Dynamics," Department of Economics Working Paper Series 326, WU Vienna University of Economics and Business.
    109. Violante, Giovanni & , & Tristani, Oreste, 2019. "Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area," CEPR Discussion Papers 14245, C.E.P.R. Discussion Papers.
    110. Konrad Kuhmann, 2025. "Bank Specialization and the Transmission of Euro Area Monetary Policy," Working Papers 2025/06, Latvijas Banka.
    111. Pesce, Simone & Errico, Marco & Pollio, Luigi, 2025. "Nonlinearities and heterogeneity in firms response to aggregate fluctuations: what can we learn from machine learning?," Working Paper Series 3107, European Central Bank.
    112. Balleer, Almut & Zorn, Peter, 2020. "The Micro-level Price Response to Monetary Policy," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224557, Verein für Socialpolitik / German Economic Association.
    113. Huseyin Gulen & Mihai Ion & Candace E Jens & Stefano Rossi, 2024. "Credit Cycles, Expectations, and Corporate Investment," The Review of Financial Studies, Society for Financial Studies, vol. 37(11), pages 3335-3385.
    114. Vaishali Garga & Sanjay R. Singh, 2019. "Output Hysteresis and Optimal Monetary Policy," Working Papers 19-19, Federal Reserve Bank of Boston.
    115. Andrea Fabiani & Martha López & José-Luis Peydró & Paul E. Soto, 2023. "Capital Controls, Corporate Debt and Real Effects: Evidence from Boom and Crisis Times," Borradores de Economia 1244, Banco de la Republica de Colombia.
    116. Pablo Ottonello & Wenting Song, 2022. "Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification," NBER Working Papers 29638, National Bureau of Economic Research, Inc.
    117. Schepens, Glenn & Core, Fabrizio & De Marco, Filippo & Eisert, Tim, 2025. "Inflation and floating-rate loans: evidence from the euro-area," Working Paper Series 3064, European Central Bank.
    118. Vladimir Smirnyagin, 2020. "Compositional nature of firm growth and aggregate fluctuations," Bank of England working papers 846, Bank of England.
    119. Barrela, Rodrigo & Lopez-Garcia, Paloma & Setzer, Ralph, 2022. "Medium-term investment responses to activity shocks: the role of corporate debt," Working Paper Series 2751, European Central Bank.
    120. Boissay, Frederic & Collard, Fabrice & Manea, Cristina & Shapiro, Adam, 2023. "Monetary Tightening, Inflation Drivers and Financial Stress," CEPR Discussion Papers 18694, C.E.P.R. Discussion Papers.
    121. Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
    122. Gulyas, Andreas & Meier, Matthias & Ryzhenkov, Mykola, 2024. "Labor market effects of monetary policy across workers and firms," European Economic Review, Elsevier, vol. 166(C).
    123. Gnewuch, Matthias & Zhang, Donghai, 2025. "Monetary policy, firm heterogeneity, and the distribution of investment rates," Journal of Monetary Economics, Elsevier, vol. 149(C).
    124. Ron Alquist & Ram Yamarthy, 2022. "Hedge Funds and Treasury Market Price Impact: Evidence from Direct Exposures," Working Papers 22-05, Office of Financial Research, US Department of the Treasury.
    125. Chen, Hsuan-Chi & Chou, Robin K. & Lin, Chih-Yung & Lu, Chien-Lin, 2025. "Too big to fail? Asymmetric effects of quantitative easing," Journal of Financial Stability, Elsevier, vol. 77(C).
    126. Ma, Chang & Rogers, John H. & Zhou, Sili, 2020. "The effect of the China Connect," BOFIT Discussion Papers 1/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    127. Passos, Felipe Vieira & Carrasco-Gutierrez, Carlos Enrique & Loureiro, Paulo Roberto Amorim, 2024. "Monetary policy through the risk-taking channel: Evidence from an emerging market," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    128. Ayres, JoaÞo & Raveendranathan, Gajendran, 2021. "Firm Entry and Exit during Recessions," IDB Publications (Working Papers) 11353, Inter-American Development Bank.
    129. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    130. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
    131. Caggese, Andrea & Pérez-Orive, Ander, 2022. "How stimulative are low real interest rates for intangible capital?," European Economic Review, Elsevier, vol. 142(C).
    132. Central Bank of the Republic of Türkiye, 2025. "The heterogeneous impact of monetary policy announcements on firms' financial outcomes," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 295-330, Bank for International Settlements.
    133. S. Borağan Aruoba & Thomas Drechsel, 2024. "The Long and Variable Lags of Monetary Policy: Evidence from Disaggregated Price Indices," NBER Chapters, in: Inflation in the COVID Era and Beyond, National Bureau of Economic Research, Inc.
    134. Matusche, Alexander & Wacks, Johannes, 2023. "Does wealth inequality affect the transmission of monetary policy?," Journal of Macroeconomics, Elsevier, vol. 75(C).
    135. Adra, Samer & Barbopoulos, Leonidas G. & Saunders, Anthony, 2025. "The fed information shocks and the market for corporate control: Predictive and causal effects," Journal of Corporate Finance, Elsevier, vol. 90(C).
    136. Bianco, Timothy & Herrera, Ana María, 2025. "Monetary policy and credit flows: A tale of two effective lower bounds," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    137. Stephany Griffith-Jones & Mario Giarda & Jorge Arenas, 2025. "Firm and household heterogeneity at the Central Bank of Chile," Economic Policy Papers Central Bank of Chile 75, Central Bank of Chile.
    138. Laine, Olli-Matti & Nelimarkka, Jaakko, 2023. "Assessing targeted longer-term refinancing operations: Identification through search intensity," Bank of Finland Research Discussion Papers 13/2023, Bank of Finland.
    139. Vladimir Asriyan & Luc Laeven & Alberto Martin & Alejandro Van der Ghote & Victoria Vanasco, 2021. "Falling interest rates and credit reallocation: Lessons from general equilibrium," Economics Working Papers 1784, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2022.
    140. Henkel, Lukas, 2020. "Sectoral output effects of monetary policy: do sticky prices matter?," Working Paper Series 2473, European Central Bank.
    141. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    142. Renzhi, Nuobu & Beirne, John, 2023. "Corporate market power and monetary policy transmission in Asia," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    143. Hyunduk Suh & Jin Young Yang, 2021. "Heterogeneous Effects of Macroprudential Policies on Firm Leverage and Value," Inha University IBER Working Paper Series 2021-3, Inha University, Institute of Business and Economic Research.
    144. Lee, Sukjoon, 2020. "Liquidity Premium, Credit Costs, and Optimal Monetary Policy," MPRA Paper 104825, University Library of Munich, Germany.
    145. Mahbuba Aktar & Mohammad Zoynul Abedin & Anupam Das Gupta, 2021. "The Impact of Monetary Policy Shocks on Corporate Dynamic Investment Activity With Financial Heterogeneity," SAGE Open, , vol. 11(1), pages 21582440209, February.
    146. Keiichiro KOBAYASHI & Daichi SHIRAI, 2024. "Debt-Ridden Borrowers and Persistent Stagnation," CIGS Working Paper Series 23-001E, The Canon Institute for Global Studies.
    147. Lucas F. Husted & John H. Rogers & Bo Sun, 2017. "Monetary Policy Uncertainty," International Finance Discussion Papers 1215, Board of Governors of the Federal Reserve System (U.S.).
    148. Zhiyuan Chen & Minjie Deng & Min Fang, 2022. "Financing Innovation with Innovation," Working Papers 002004, University of Florida, Department of Economics.
    149. Zhiyong An, 2022. "Profit Taxation and Aggregate Price Stickiness," Annals of Economics and Finance, Society for AEF, vol. 23(2), pages 279-289, November.
    150. Bank of Korea, 2025. "Heterogeneity and monetary policy in Korea," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 171-182, Bank for International Settlements.
    151. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy shocks and firm investment decisions: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    152. Cohen, Lior, 2023. "The effects of the BoJ's ETF purchases on equities and corporate investment," Economic Modelling, Elsevier, vol. 129(C).
    153. Saifullah Khan & Adnan Shoaib, 2024. "Firm value adjustment speed through financial friction in the presence of earnings management and productivity growth: evidence from emerging economies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    154. Zhandos Ybrayev & Serik Rustanov & Aknur Baglanova, 2025. "Corporate characteristics and firm’s financial fragility: evidence from Kazakhstan," International Economics and Economic Policy, Springer, vol. 22(4), pages 1-19, October.
    155. Patozi, A., 2023. "Green Transmission: Monetary Policy in the Age of ESG," Cambridge Working Papers in Economics 2311, Faculty of Economics, University of Cambridge.
    156. Felipe Alves & Christian Bustamante & Xing Guo & Katya Kartashova & Soyoung Lee & Thomas Michael Pugh & Kurt See & Yaz Terajima & Alexander Ueberfeldt, 2022. "Heterogeneity and Monetary Policy: A Thematic Review," Discussion Papers 2022-2, Bank of Canada.
    157. Matthias Gnewuch, 2024. "Monetary policy, firm heterogeneity, and the distribution of investment rates," Working Papers 61, European Stability Mechanism.
    158. Nicolas Crouzet & Neil R. Mehrotra, 2018. "Small and Large Firms Over the Business Cycle," Working Papers 18-09, Center for Economic Studies, U.S. Census Bureau.
    159. Reinelt, Timo & Meier, Matthias, 2020. "Monetary policy, markup dispersion, and aggregate TFP," Working Paper Series 2427, European Central Bank.
    160. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    161. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    162. Bianco, Timothy, 2021. "Monetary policy and credit flows," Journal of Macroeconomics, Elsevier, vol. 70(C).
    163. Cooper Howes, 2021. "Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment," Research Working Paper RWP 21-06, Federal Reserve Bank of Kansas City.
    164. Bricongne, Jean-Charles & Carluccio, Juan & Fontagné, Lionel & Gaulier, Guillaume & Stumpner, Sebastian, 2025. "From macro to micro: Large exporters coping with global crises," Journal of International Economics, Elsevier, vol. 153(C).
    165. Ferreira, M. & Haber, T. & Rörig, C., 2021. "Financial Factors, Firm size and Firm Potential," Cambridge Working Papers in Economics 2176, Faculty of Economics, University of Cambridge.
    166. Alex Clymo, 2018. "Firm Dynamics at the Zero Lower Bound," 2018 Meeting Papers 912, Society for Economic Dynamics.
    167. Joshua Aizenman & Yin-Wong Cheung & Xingwang Qian, 2021. "International Reserve Management and Firm Investment in Emerging Market Economies," NBER Working Papers 29303, National Bureau of Economic Research, Inc.
    168. Almut Balleer & Peter Zorn, 2019. "Monetary Policy, Price Setting, and Credit Constraints," CESifo Working Paper Series 7978, CESifo.
    169. Jiarui Zhang & Yingying Shi, 2024. "The resource reallocation effect of monetary policy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 665-683, January.
    170. Min Fang, 2021. "Lumpy Investment, Fluctuations in Volatility and Monetary Policy," Working Papers 002001, University of Florida, Department of Economics.
    171. Banerjee, Ryan & Hofmann, Boris & Mehrotra, Aaron N., 2020. "Corporate investment and the exchange rate: The financial channel," BOFIT Discussion Papers 6/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    172. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy surprises and corporate investment growth in China," Economic Modelling, Elsevier, vol. 131(C).
    173. Ryan Niladri Banerjee & José María Serena Garralda, 2021. "Dampening the financial accelerator? Direct lenders and monetary policy," BIS Working Papers 979, Bank for International Settlements.
    174. Filipp Prokopev, 2021. "Balance Sheet Channel of Monetary Policy Evidence from Credit Spreads of Russian Firms," Russian Journal of Money and Finance, Bank of Russia, vol. 80(4), pages 3-30, December.
    175. Şebnem Kalemli-Özcan & Luc Laeven & David Moreno, 2022. "Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis," Journal of the European Economic Association, European Economic Association, vol. 20(6), pages 2353-2395.
    176. Leonardo Gambacorta & Yiping Huang & Zhenhua Li & Han Qiu & Shu Chen, 2023. "Data versus Collateral," Review of Finance, European Finance Association, vol. 27(2), pages 369-398.
    177. Jie Luo & Cheng Wang, 2025. "Banking And Banking Reforms In China In A Model Of Costly State Verification," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 849-882, May.
    178. Konrad Kuhmann, 2023. "Firm Heterogeneity and the Transmission of Central Bank Credit Policy," Berlin School of Economics Discussion Papers 0012, Berlin School of Economics.
    179. Mr. Romain A Duval & Davide Furceri & Raphael Lee & Ms. Marina Mendes Tavares, 2021. "Market Power and Monetary Policy Transmission," IMF Working Papers 2021/184, International Monetary Fund.
    180. Barattieri, Alessandro & Borda, Patrice & Brugnoli, Alberto & Pelli, Martino & Tschopp, Jeanne, 2023. "The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico," Ecological Economics, Elsevier, vol. 205(C).
    181. Kalemli-Özcan, Sebnem, 2018. "Leverage over the Life Cycle and Implications for Firm Growth and Shock Responsiveness," CEPR Discussion Papers 13337, C.E.P.R. Discussion Papers.
    182. Lea Best & Benjamin Born & Manuel Menkhoff, 2025. "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CESifo Working Paper Series 12167, CESifo.
    183. Galindo Gil, Hamilton, 2021. "What kind of firm is more responsive to the unconventional monetary policy?," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 188-200.
    184. Alex Clymo & Filip Rozsypal, 2022. "Firm Cyclicality and Financial Frictions," Discussion Papers 2207, Centre for Macroeconomics (CFM).
    185. Alejandro Van der Ghote & Luc Laeven & Victoria Vanasco & Alberto Martin & Vladimir Asriyan, 2021. "Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium," Working Papers 1268, Barcelona School of Economics.
    186. Laumer, Sebastian & Schaffer, Matthew, 2025. "Monetary policy transmission under supply chain pressure," European Economic Review, Elsevier, vol. 172(C).
    187. Yoshiki Ando, 2025. "Dynamics of High-Growth Young Firms and the Role of Venture Capitalists," Working Papers 25-38, Center for Economic Studies, U.S. Census Bureau.
    188. Assia Elgouacem & Riccardo Zago, 2020. "Share Buybacks, Monetary Policy and the Cost of Debt," Working papers 773, Banque de France.
    189. Andreas Joseph & Christiane Kneer & Neeltje van Horen, 2021. "All You Need Is Cash: Corporate Cash Holdings and Investment after the Global Financial Crisis," CESifo Working Paper Series 9053, CESifo.
    190. Yu, Deshui & Huang, Difang, 2023. "Cross-sectional uncertainty and expected stock returns," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 321-340.
    191. Rachel Cho & Christoph Görtz & Danny McGowan & Max Schröder, 2025. "Defining Current and Expected Financial Constraints Using AI: Reinterpreting the Cash Flow Sensitivity of Cash," CESifo Working Paper Series 12054, CESifo.
    192. Caraiani, Petre, 2022. "Using LASSO-family models to estimate the impact of monetary policy on corporate investments," Economics Letters, Elsevier, vol. 210(C).
    193. Goto, Eiji, 2023. "Industry effects of unconventional monetary policy, within and across countries," Journal of International Money and Finance, Elsevier, vol. 136(C).
    194. Huang, Yiping & Li, Xiang & Qiu, Han & Su, Dan & Yu, Changhua, 2024. "Bigtech credit, small business, and monetary policy transmission: Theory and evidence," IWH Discussion Papers 18/2022, Halle Institute for Economic Research (IWH), revised 2024.
    195. Gareth Anderson & Ambrogio Cesa-Bianchi, 2020. "Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity," IMF Working Papers 2020/267, International Monetary Fund.
    196. Holm-Hadulla, Fédéric & Thürwächter, Claire, 2024. "Granular shocks to corporate leverage and the macroeconomic transmission of monetary policy," Working Paper Series 2891, European Central Bank.
    197. Adra, Samer & Gao, Yang & Yuan, Jiayi, 2024. "Local policy uncertainty and the firm's investment reaction to monetary policy," Economics Letters, Elsevier, vol. 234(C).
    198. Central Reserve Bank of Peru, 2025. "Heterogeneity considerations in monetary policy design: the case of Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 225-242, Bank for International Settlements.
    199. Peter Paz, 2022. "Bank capitalization heterogeneity and monetary policy," Working Papers 2234, Banco de España.
    200. Brendan Berthold, 2024. "The macro-financial effects of Climate Policy Risk: evidence from Switzerland," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-13, December.
    201. Paranhos, Livia, 2025. "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Journal of Econometrics, Elsevier, vol. 249(PC).
    202. Poeschl, Johannes, 2023. "Corporate debt maturity and investment over the business cycle," European Economic Review, Elsevier, vol. 152(C).
    203. Danilo Stojanovic & Veljko Bojovic, 2025. "Firm-level Uncertainty and Frictions: Implications for Capital and Financial Decisions in the US," CERGE-EI Working Papers wp793, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    204. Laine, Olli-Matti, 2023. "Monetary policy transmission to firms’ investments — It may depend on the tool," Economics Letters, Elsevier, vol. 229(C).
    205. Pablo Ottonello & Wenting Song & Sebastian Sotelo, 2024. "An Anatomy of Firms’ Political Speech," NBER Working Papers 32923, National Bureau of Economic Research, Inc.
    206. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    207. Cai, Yue, 2021. "Expansionary monetary policy and credit allocation: Evidence from China," China Economic Review, Elsevier, vol. 66(C).
    208. Miguel H. Ferreira, 2023. "Aggregate Implications of Corporate Bond Holdings by Nonfinancial Firms," Working Papers 967, Queen Mary University of London, School of Economics and Finance.
    209. Sordi, Serena & Naimzada, Ahmad & Davila-Fernandez, Marwil J., 2025. "A dynamic model of real-financial markets interaction," Economic Modelling, Elsevier, vol. 149(C).
    210. Julien Champagne & Émilien Gouin-Bonenfant, 2022. "Monetary Policy, Credit Constraints and SME Employment," Staff Working Papers 22-49, Bank of Canada.
    211. Jan Philipp Fritsche & Lea Steininger, 2021. "Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms," Discussion Papers of DIW Berlin 1967, DIW Berlin, German Institute for Economic Research.
    212. Cappiello, Lorenzo & Holm-Hadulla, Fédéric & Maddaloni, Angela & Mayordomo, Sergio & Unger, Robert & Arts, Laura & Meme, Nicolas & Asimakopoulos, Ioannis & Migiakis, Petros & Behrens, Caterina & Moura, 2021. "Non-bank financial intermediation in the euro area: implications for monetary policy transmission and key vulnerabilities," Occasional Paper Series 270, European Central Bank.
    213. Yingwei Dong & Tirupam Goel & Emanuel Kohlscheen & Philip Wooldridge, 2025. "Keeping the momentum: how finance can continue to support growth in EMEs," BIS Papers chapters, in: Bank for International Settlements (ed.), How can central banks take account of differences across households and firms for monetary policy?, volume 127, pages 1-32, Bank for International Settlements.
    214. Silva, Mario Rafael, 2019. "Corporate finance, monetary policy, and aggregate demand," Journal of Economic Dynamics and Control, Elsevier, vol. 102(C), pages 1-28.
    215. Marie Finnegan & Supriya Kapoor, 2023. "ECB unconventional monetary policy and SME access to finance," Small Business Economics, Springer, vol. 61(3), pages 1253-1288, October.
    216. Durante, Elena & Ferrando, Annalisa & Vermeulen, Philip, 2022. "Monetary policy, investment and firm heterogeneity," European Economic Review, Elsevier, vol. 148(C).
    217. Caraiani, Petre, 2022. "The impact of oil supply news shocks on corporate investments and the structure of production network," Energy Economics, Elsevier, vol. 110(C).
    218. Wang, Jingwen & Shen, Guangjun & Tang, Dunzhe, 2021. "Does tax deduction relax financing constraints? Evidence from China's value-added tax reform," China Economic Review, Elsevier, vol. 67(C).
    219. Mosler, Martin & Schaltegger, Christoph & Mair, Lukas & Brandt, Przemyslaw, 2025. "Who Absorbs the Debt-Deflation Channel? Empirical Evidence from Historical Balance Sheets and the Great Swiss Deflation," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325423, Verein für Socialpolitik / German Economic Association.
    220. Neil Mehrotra, 2018. "Debt Sustainability in a Low Interest Rate World," 2018 Meeting Papers 285, Society for Economic Dynamics.
    221. Robin Döttling & Mr. Lev Ratnovski, 2020. "Monetary Policy and Intangible Investment," IMF Working Papers 2020/160, International Monetary Fund.
    222. Aubhik Khan & Soyoung Lee, 2023. "Persistent Debt and Business Cycles in an Economy with Production Heterogeneity," Staff Working Papers 23-17, Bank of Canada.
    223. Ozan Güler & Mike Mariathasan & Klaas Mulier & Nejat G. Okatan, 2021. "The real effects of banks' corporate credit supply: A literature review," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1252-1285, July.
    224. Giuseppe Cascarino & Federica Ciocchetta & Stefano Pietrosanti & Ivan Quaglia, 2025. "Forecasting corporate default probabilities: a local logit approach for scenario analysis," Questioni di Economia e Finanza (Occasional Papers) 909, Bank of Italy, Economic Research and International Relations Area.
    225. Mahdi Ebsim & Miguel Faria-e-Castro & Julian Kozlowski, 2025. "When Liquidity Matters: Firm Balance Sheets during Large Crises," Working Papers 2025-019, Federal Reserve Bank of St. Louis, revised 14 Aug 2025.
    226. Han, Haozhe & Wang, Xingjian, 2023. "Monetary policy uncertainty and corporate cash holdings: Evidence from China," Journal of Financial Stability, Elsevier, vol. 67(C).
    227. Horn, Carl-Wolfram & Fischer, Johannes J., 2021. "Does Monetary Policy Affect Mergers and Acquisitions?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242445, Verein für Socialpolitik / German Economic Association.
    228. Salamaliki, Paraskevi K., 2024. "Globalization and fiscal policy after financial crises," European Journal of Political Economy, Elsevier, vol. 85(C).
    229. Funke, Michael & Li, Xiang & Zhong, Doudou, 2023. "Household indebtedness, financial frictions and the transmission of monetary policy to consumption: Evidence from China," Emerging Markets Review, Elsevier, vol. 55(C).
    230. Tingxi Wang & Hui Zhang, 2022. "Does Counter-Cyclical Monetary Policy Promote Enterprise R&D Investment in a Recession? Empirical Evidence from China," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    231. Alam, M. Jahangir & Alvi, Eskander, 2024. "The long-run effects of monetary policy: The role of R&D investment in economic growth," Economic Modelling, Elsevier, vol. 137(C).
    232. Tang, Haozhou & Zhang, Donghai, 2022. "Bubbly firm dynamics and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 132(C), pages 64-80.
    233. Gross, Marco, 2022. "Beautiful cycles: A theory and a model implying a curious role for interest," Economic Modelling, Elsevier, vol. 106(C).
    234. Morlacco, Monica & Zeke, David, 2021. "Monetary policy, customer capital, and market power," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 116-134.
    235. Immo Schott & Joachim Jungherr, 2016. "Optimal Debt Maturity and Firm Investment," Working Papers 943, Barcelona School of Economics.
    236. Fumitaka Nakamura, 2019. "Household Income, Portfolio Choice and Heterogeneous Consumption Responses to Monetary Policy Shocks," IMES Discussion Paper Series 19-E-19, Institute for Monetary and Economic Studies, Bank of Japan.
    237. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    238. Zhiyong An, 2025. "Intangible Capital, Returns to Scale and Aggregate Price Stickiness," Annals of Economics and Finance, Society for AEF, vol. 26(1), pages 377-388, May.
    239. Samer Adra & Elie Menassa, 2023. "Uncertainty and corporate investments in response to the Fed's dual shocks," The Financial Review, Eastern Finance Association, vol. 58(3), pages 463-484, August.
    240. John V. Leahy & Aditi Thapar, 2022. "Age Structure and the Impact of Monetary Policy," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(4), pages 136-173, October.
    241. Thiago Revil T. Ferreira, 2022. "Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel," International Finance Discussion Papers 1335, Board of Governors of the Federal Reserve System (U.S.).
    242. Lu, Jiajun & Lv, Linying & Wang, Yizhong & Zhu, Yueteng, 2025. "The real effect of monetary policy under uncertainty: Evidence from the change in corporate financing purposes," Journal of Banking & Finance, Elsevier, vol. 172(C).
    243. Chen, Hsuan-Chi & Chou, Robin K. & Lin, Chih-Yung & Lu, Chien-Lin, 2022. "Bank loans during the 2008 quantitative easing," Journal of Financial Stability, Elsevier, vol. 59(C).
    244. Okan Akarsu & Mehmet Selman Colak & Hatice Karahan & Huzeyfe Torun, 2025. "The Heterogeneous Impact of Monetary Policy Announcements on Firms’ Financial Outcomes," Working Papers 2514, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    245. Pejman Peykani & Mostafa Sargolzaei & Amir Takaloo & Shahla Valizadeh, 2023. "The Effects of Monetary Policy on Macroeconomic Variables through Credit and Balance Sheet Channels: A Dynamic Stochastic General Equilibrium Approach," Sustainability, MDPI, vol. 15(5), pages 1-21, March.
    246. ElFayoumi, Khalid, 2024. "Firm financing and the relative demand for labor and capital," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    247. Uluc Aysun & Sewon Hur & Zeynep Yom, 2025. "Technology creation and monetary transmission," Working Papers 2025-02, University of Central Florida, Department of Economics.
    248. Luigi Oddo & Mile Bosnjak, 2021. "A comparative analysis of the monetary policy transmission channels in the U.S: a wavelet-based approach," Applied Economics, Taylor & Francis Journals, vol. 53(38), pages 4448-4463, August.
    249. Kouvavas, Omiros & Osbat, Chiara & Reinelt, Timo & Vansteenkiste, Isabel, 2021. "Markups and inflation cyclicality in the euro area," Working Paper Series 2617, European Central Bank.

  12. Pablo Ottonello & Ignacio Presno & Javier Bianchi, 2017. "Fiscal Policy, Sovereign Risk, and Unemployment," 2017 Meeting Papers 1382, Society for Economic Dynamics.

    Cited by:

    1. Javier Andrés & Óscar Arce & Carlos Thomas, 2016. "When fiscal consolidation meets private deleveraging," Working Papers 1622, Banco de España.
    2. Javier Andres & Oscar Arce & Dominik Thaler & Carlos Thomas, 2020. "Online Appendix to "When Fiscal Consolidation Meets Private Deleveraging"," Online Appendices 18-471, Review of Economic Dynamics.
    3. Martin Wolf, 2019. "Pecuniary Externalities in Economies with Downward Wage Rigidity," Vienna Economics Papers vie1905, University of Vienna, Department of Economics.
    4. Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019. "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers 19-02-rev1, Stony Brook University, Department of Economics.
    5. Kiyoung Jeon & Zeynep Yom, 2016. "Income Inequality and Sovereign Default," Villanova School of Business Department of Economics and Statistics Working Paper Series 29, Villanova School of Business Department of Economics and Statistics.
    6. Michal Szkup, 2022. "Preventing Self-Fulfilling Debt Crises: A Global Games Approach," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 22-55, January.

  13. Diego Perez & Pablo Ottonello, 2016. "The Currency Composition of Sovereign Debt," 2016 Meeting Papers 596, Society for Economic Dynamics.

    Cited by:

    1. Gomez-Gonzalez, Patricia, 2019. "Inflation-linked public debt in emerging economies," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 313-334.
    2. Matthew Theobald, 2023. "Heterogeneity in the impact of risk on local currency borrowing," Indian Economic Review, Springer, vol. 58(2), pages 319-357, September.
    3. Carlo Galli & Marco Bassetto, 2016. "Is Inflation Default? The Role of Information in Debt Crises," 2016 Meeting Papers 308, Society for Economic Dynamics.
    4. Mark S. Manger & David Mihalyi & Ugo Panizza & Niccolò Rescia & Christoph Trebesch & Ka Lok Wong, 2025. "Africa's Domestic Debt Boom: Evidence from the African Debt Database," IHEID Working Papers 15-2025, Economics Section, The Graduate Institute of International Studies.
    5. Javier Bianchi & César Sosa-Padilla, 2020. "Reserve Accumulation, Macroeconomic Stabilization, and Sovereign Risk," NBER Working Papers 27323, National Bureau of Economic Research, Inc.
    6. Radostin Neykov & Caroline Robert, 2021. "The Role of the Euro in the Eastern Partnership Countries," European Economy - Discussion Papers 138, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Juan Passadore & Juan Xandri, 2019. "Robust Predictions in Dynamic Policy Games," 2019 Meeting Papers 1345, Society for Economic Dynamics.
    8. Husnu C. Dalgic, 2024. "Financial Dollarization In Emerging Markets: An Insurance Arrangement," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1189-1219, August.
    9. Dimic, Nebojsa & Piljak, Vanja & Swinkels, Laurens & Vulanovic, Milos, 2021. "The structure and degree of dependence in government bond markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    10. Emilio Espino & Julian Kozlowski & Fernando M. Martin & Juan M. Sánchez, 2025. "Domestic Policies and Sovereign Default," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(3), pages 74-113, July.
    11. Ogrokhina, Olena & Rodriguez, Cesar M., 2018. "The role of inflation targeting in international debt denomination in developing countries," Journal of International Economics, Elsevier, vol. 114(C), pages 116-129.
    12. Mohamed Bouabidi, 2023. "The surge in Tunisia foreign debt: causes and possible ways out," SN Business & Economics, Springer, vol. 3(3), pages 1-23, March.
    13. Tarek A. Hassan & Tony Zhang, 2021. "The Economics of Currency Risk," Annual Review of Economics, Annual Reviews, vol. 13(1), pages 281-307, August.
    14. Nada Azmy Elberry & Frank Naert & Stijn Goeminne, 2023. "Optimal public debt composition during debt crises: A review of theoretical literature," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 351-376, April.
    15. Zheng, Huanhuan, 2023. "Original sin redux and deviations from covered interest parity," Journal of International Money and Finance, Elsevier, vol. 139(C).
    16. Boris Hofmann & Nikhil Patel & Steve Pak Yeung Wu, 2022. "Original sin redux: a model-based evaluation," BIS Working Papers 1004, Bank for International Settlements.
    17. Ricardo Sabbadini, 2018. "Overcoming the Original Sin: gains from local currency external debt," Working Papers Series 484, Central Bank of Brazil, Research Department.
    18. Passadore, Juan & Xu, Yu, 2022. "Illiquidity in sovereign debt markets," Journal of International Economics, Elsevier, vol. 137(C).
    19. Aizenman, J. & Jinjarak, Y. & Park, D. & Zheng, H., 2021. "Good-bye original sin, hello risk on-off, financial fragility, and crises?," Journal of International Money and Finance, Elsevier, vol. 117(C).
    20. Xing Guo & Pablo Ottonello & Diego Perez, 2022. "Monetary Policy and Redistribution in Open Economies," Staff Working Papers 22-6, Bank of Canada.
    21. Sewon Hur & Illenin O. Kondo & Fabrizio Perri, 2018. "Inflation, Debt, and Default," Working Papers (Old Series) 1812, Federal Reserve Bank of Cleveland.
    22. Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019. "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers 19-02-rev1, Stony Brook University, Department of Economics.
    23. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2020. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," Journal of Finance, American Finance Association, vol. 75(6), pages 3097-3138, December.
    24. Agustin S. Benetrix & Beren Demirolmez & Martin Schmitz, 2021. "The shock absorbing role of cross-border investments: net positions versus currency composition," Trinity Economics Papers tep0421, Trinity College Dublin, Department of Economics.
    25. Perez, Diego J., 2017. "Sovereign debt maturity structure under asymmetric information," Journal of International Economics, Elsevier, vol. 108(C), pages 243-259.
    26. Cheng, Jiahui & Chang, Senfeng, 2025. "Rare disasters, local currency-denominated external debt and sovereign default risk," Economics Letters, Elsevier, vol. 250(C).
    27. Laura Alfaro & Fabio Kanczuk, 2013. "Debt Redemption and Reserve Accumulation," NBER Working Papers 19098, National Bureau of Economic Research, Inc.
    28. Carlos Giraldo & Iader Giraldo & Jose E. Gomez-Gonzalez & Jorge M. Uribe, 2024. "Term Spread Spillovers to Latin America and Emergence of the ‘Twin Ds’," Documentos de trabajo 21169, FLAR.
    29. Anna Gelpern & Ugo Panizza, 2022. "Enough Potential Repudiation: Economic and Legal Aspects of Sovereign Debt in the Pandemic Era," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 545-570, August.
    30. Zheng, Huanhuan, 2023. "Sovereign debt responses to the COVID-19 pandemic," Journal of International Economics, Elsevier, vol. 143(C).
    31. Leonardo Martinez & Francisco Roch & Francisco Roldán & Jeromin Zettelmeyer, 2023. "Sovereign debt," Chapters, in: Refet S. Gürkaynak & Jonathan H. Wright (ed.), Research Handbook of Financial Markets, chapter 17, pages 378-405, Edward Elgar Publishing.
      • Mr. Leonardo Martinez & Mr. Francisco Roch & Francisco Roldán & Mr. Jeromin Zettelmeyer, 2022. "Sovereign Debt," IMF Working Papers 2022/122, International Monetary Fund.
      • Leonardo Martinez & Francisco Roch & Francisco Roldan & Jeromin Zettelmeyer, 2022. "Sovereign Debt," Working Papers 167, Red Nacional de Investigadores en Economía (RedNIE).
    32. Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020. "What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC," Papers 2006.06274, arXiv.org, revised Aug 2022.
    33. Matteo Maggiori & Brent Neiman & Jesse Schreger, 2018. "International Currencies and Capital Allocation," NBER Working Papers 24673, National Bureau of Economic Research, Inc.
    34. Min Su & Yixuan Ren & Yifang Niu & Zhen Wang, 2025. "Dynamic linkages and determinants of sovereign CDS and exchange rates: evidence from G7 and BRICS," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-13, December.
    35. Sunder-Plassmann, Laura, 2020. "Infation, default and sovereign debt: The role of denomination and ownership," Journal of International Economics, Elsevier, vol. 127(C).
    36. Yasin Kursat Onder & Enes Sunel, 2021. "Inflation-default trade-off without a nominal anchor: The case of Greece," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 55-78, January.
    37. Dudzich Viktar, 2020. "Relationships between exchange rate regime, real exchange rate volatility and currency structure of government bonds in emerging markets," Review of Economic Perspectives, Sciendo, vol. 20(1), pages 3-22, March.
    38. Joshua Aizenman & Huanhuan Zheng, 2024. "Inflation Surge and Sovereign Borrowing: The Role of Policy Practices in Strengthening Sovereign Resilience," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(4), pages 1347-1385, December.
    39. Mert Onen & Hyun Song Shin & Goetz von Peter, 2023. "Overcoming original sin: insights from a new dataset," BIS Working Papers 1075, Bank for International Settlements.
    40. Konstantin Egorov & Dmitry Mukhin, 2020. "Optimal Policy under Dollar Pricing," CESifo Working Paper Series 8272, CESifo.
    41. Liu, Siming & Ma, Chang & Shen, Hewei, 2024. "Sudden stop with local currency debt," Journal of International Economics, Elsevier, vol. 148(C).
    42. Valencia, Oscar & Rodriguez, Luis Alberto & Siachoque, Juan Pablo, 2023. "Fiscal Rules and Optimal Currency Composition of Sovereign Debt in Emerging Economies," IDB Publications (Working Papers) 12682, Inter-American Development Bank.
    43. Ali, Amjad & Khokhar, Bilal & Sulehri, Fiaz Ahmad, 2023. "Financial Dimensions of Inflationary Pressure in Developing Countries: An In-depth Analysis of Policy Mix," MPRA Paper 119364, University Library of Munich, Germany.
    44. Bloise, Gaetano & Vailakis, Yiannis, 2024. "Sovereign debt crises and low interest rates," Journal of International Economics, Elsevier, vol. 150(C).
    45. Maeng, F. S., 2024. "Default, Inflation Expectations, and the Currency Denomination of Sovereign Bonds," Cambridge Working Papers in Economics 2438, Faculty of Economics, University of Cambridge.
    46. Perri, Fabrizio & Hur, Sewon & Kondo, Illenin, 2018. "Real Interest Rates, Inflation, and Default," CEPR Discussion Papers 13388, C.E.P.R. Discussion Papers.
    47. Mengyang Li & Wencui Liu & Lei Wang, 2024. "Currency risk analysis of belt and road initiative countries," PLOS ONE, Public Library of Science, vol. 19(7), pages 1-25, July.
    48. Flavia Corneli, 2018. "Sovereign debt maturity structure and its costs," Temi di discussione (Economic working papers) 1196, Bank of Italy, Economic Research and International Relations Area.
    49. Egorov, Konstantin & Mukhin, Dmitry, 2023. "Optimal policy under dollar pricing," SAFE Working Paper Series 377, Leibniz Institute for Financial Research SAFE.
    50. Kirill Shakhnov & Nicola Borri, 2017. "Limited Arbitrage in the Market for Local Currency Emerging Market Debt," 2017 Meeting Papers 737, Society for Economic Dynamics.
    51. Gautam Nair & Federico Sturzenegger, 2024. "Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(3), pages 1238-1277, September.
    52. Hale, Galina B. & Jones, Peter C. & Spiegel, Mark M., 2020. "Home currency issuance in international bond markets," Journal of International Economics, Elsevier, vol. 122(C).
    53. Ogrokhina, Olena & Rodriguez, Cesar M., 2019. "The effect of inflation targeting and financial openness on currency composition of sovereign international debt," Journal of International Money and Finance, Elsevier, vol. 97(C), pages 1-18.
    54. Eduardo Levy Yeyati & Andrew Powell, 2023. "Sovereign Debt Management," IDB Publications (Book Chapters), in: Andrew Powell & Oscar Mauricio Valencia (ed.), Dealing with Debt, edition 1, chapter 6, pages 123-160, Inter-American Development Bank.
    55. Ni, Yinan & Barth, James R. & Sun, Yanfei, 2022. "On the dynamic capital structure of nations: Theory and empirics," Research in International Business and Finance, Elsevier, vol. 62(C).
    56. Roettger, Joost, 2019. "Discretionary monetary and fiscal policy with endogenous sovereign risk," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 44-66.
    57. Bada Han, 2025. "Original Sin Dissipation and Currency Exposures in Emerging Markets," Open Economies Review, Springer, vol. 36(1), pages 281-327, February.

  14. Pablo Ottonello & Ignacio Presno & Javier Bianchi, 2016. "Unemployment, Sovereign Debt, and Fiscal Policy in a Currency Union," 2016 Meeting Papers 459, Society for Economic Dynamics.

    Cited by:

    1. Javier Bianchi & Jorge Mondragon, 2018. "Rollover Crises and Currency Unions," 2018 Meeting Papers 1215, Society for Economic Dynamics.

  15. Pablo Ottonello, 2015. "Capital Unemployment, Financial Shocks, and Investment Slumps," 2015 Meeting Papers 1153, Society for Economic Dynamics.

    Cited by:

    1. Feng Dong, 2023. "Aggregate Implications of Financial Frictions for Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 45-71, April.
    2. Jonathan Hoddenbagh & Mikhail Dmitriev, 2017. "The Financial Accelerator and the Optimal State-Dependent Contract," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 43-65, March.
    3. Shai Bernstein & Emanuele Colonnelli & Benjamin Iverson, 2019. "Asset Allocation in Bankruptcy," Journal of Finance, American Finance Association, vol. 74(1), pages 5-53, February.
    4. Kurmann, André & Rabinovich, Stanislav, 2018. "Dynamic inefficiency in decentralized capital markets," Journal of Economic Theory, Elsevier, vol. 173(C), pages 231-256.
    5. Dong, Feng & Wang, Pengfei & Wen, Yi, 2020. "A search-based neoclassical model of capital reallocation," European Economic Review, Elsevier, vol. 128(C).
    6. Mahmoudzadeh, Amineh & Nili, Masoud & Nili, Farhad, 2018. "Real effects of working capital shocks: Theory and evidence from micro data," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 191-218.
    7. Meier, Matthias, 2017. "Time to Build and the Business Cycle," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168059, Verein für Socialpolitik / German Economic Association.

  16. Guillermo Calvo & Pablo Ottonello & Fabrizio Coricelli, 2014. "Calvo, Guillermo, Fabrizio Coricelli and Pablo Ottonello, 2013. "Jobless Recoveries During Financial Crises: Is Inflation the Way Out?," NBER Working Papers 19683, National Bureau of Economi," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01082296, HAL.

    Cited by:

    1. Adina Ardelean & Volodymyr Lugovskyy, 2015. "Technology, Trade, and Quality Slopes," CAEPR Working Papers 2015-004, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    2. Peter Fisker, 2014. "Green Lights: Quantifying the economic impacts of drought," IFRO Working Paper 2014/11, University of Copenhagen, Department of Food and Resource Economics.

  17. Guillermo Calvo & Fabrizio Coricelli & Pablo Ottonello, 2013. "Jobless recoveries during financial crises: is inflation the way out?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01070817, HAL.

    Cited by:

    1. Mingjin Luo & Shenqguan Wang, 2023. "Financialization and sluggish recovery of firms' investment: Global evidence from the 2007–2008 financial crisis," International Finance, Wiley Blackwell, vol. 26(3), pages 344-363, December.
    2. Bradley Michael D. & Jansen Dennis W., 2018. "Nonlinear evidence on the existence of jobless recoveries," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 22(1), pages 1-19, February.
    3. Popov, Alexander & Rocholl, Jörg, 2015. "Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis," Working Paper Series 1821, European Central Bank.
    4. Antonio M. Conti & Elisa Guglielminetti & Marianna Riggi, 2019. "Labour productivity and the wageless recovery," Temi di discussione (Economic working papers) 1257, Bank of Italy, Economic Research and International Relations Area.
    5. Javier Bianchi & Enrique G. Mendoza, 2020. "A Fisherian Approach to Financial Crises:Lessons from the Sudden Stops Literature," PIER Working Paper Archive 20-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    6. Grant, Angelia L., 2018. "The Great Recession and Okun's law," Economic Modelling, Elsevier, vol. 69(C), pages 291-300.
    7. Guillermo A. Calvo, 2016. "From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII," NBER Working Papers 22535, National Bureau of Economic Research, Inc.
    8. Finkelstein Shapiro, Alan, 2014. "Self-employment and business cycle persistence: Does the composition of employment matter for economic recoveries?," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 200-218.
    9. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2024. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 116-151, March.
    10. Popov, Alexander & Rocholl, Jörg, 2018. "Do credit shocks affect labor demand? Evidence for employment and wages during the financial crisis," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 16-27.
    11. Jin, Yuying & Luo, Mingjin & Wan, Chao, 2018. "Financial constraints, macro-financing environment and post-crisis recovery of firms," International Review of Economics & Finance, Elsevier, vol. 55(C), pages 54-67.
    12. Guillermo A. Calvo, 2013. "The Mayekawa Lecture: Puzzling over the Anatomy of Crises- Liquidity and the Veil of Finance," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 31, pages 39-64, November.

  18. Guillermo A. Calvo & Fabrizio Coricelli & Pablo Ottonello, 2012. "Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries," NBER Working Papers 18480, National Bureau of Economic Research, Inc.

    Cited by:

    1. Betz, Frank & Ravasan, Farshad R., 2016. "Collateral regimes and missing job creation in the MENA region," EIB Working Papers 2016/03, European Investment Bank (EIB).
    2. Guillermo Calvo & Fabrizio Coricelli & Pablo Ottonello, 2013. "Jobless recoveries during financial crises: is inflation the way out?," Post-Print hal-01070817, HAL.
    3. Bernal-Verdugo, Lorenzo E. & Furceri, Davide & Guillaume, Dominique, 2013. "Banking crises, labor reforms, and unemployment," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1202-1219.
    4. Fabrizio Coricelli & Marco Frigerio, 2015. "The Credit-Output Relationship During the Recovery from Recession," Open Economies Review, Springer, vol. 26(3), pages 551-579, July.
    5. Fidrmuc, Jarko & Klein, Caroline & Price, Robert & Wörgötter, Andreas, 2013. "Slovakia: A Catching Up Euro Area Member In and Out of the Crisis," IZA Policy Papers 55, Institute of Labor Economics (IZA).
    6. Guillermo Calvo, 2013. "Puzzling over the Anatomy of Crises: Liquidity and the Veil of Finance," IMES Discussion Paper Series 13-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
    7. Uribe, Martín & Schmitt-Grohé, Stephanie, 2012. "The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery," CEPR Discussion Papers 9237, C.E.P.R. Discussion Papers.
    8. Villacorta, Alonso, 2018. "Business cycles and the balance sheets of the financial and non-financial sectors," ESRB Working Paper Series 68, European Systemic Risk Board.
    9. Fidrmuc, Jarko & Wörgötter, Andreas, . "Euro Membership, Foreign Banks And Credit Developments During The Financial Crisis In Slovakia: A Case Study," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(01).
    10. Vakulenko, E. & Gurvich, E., 2016. "Real Wage Flexibility in Russia: Comparative Analysis," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 67-92.
    11. Wesselbaum, Dennis, 2019. "Jobless recoveries: The interaction between financial and search frictions," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    12. Korinek, Anton & Kreamer, Jonathan, 2014. "The redistributive effects of financial deregulation," Journal of Monetary Economics, Elsevier, vol. 68(S), pages 55-67.
    13. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2013. "Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14 [Against a backward-looking economic policy. Annual Report 2013/14]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201314.
    14. Mihály Tamás Borsi, 2016. "Credit contractions and unemployment," Working Papers 1617, Banco de España.
    15. Sugata Marjit & Gouranga Gopal Das, 2022. "Finance, Trade, Man and Machines: A New-Ricardian Heckscher-Ohlin-Samuelson Model," CESifo Working Paper Series 9672, CESifo.
    16. Alfonso Arpaia & Aron Kiss & Balazs Palvolgyi & Alessandro Turrini, 2016. "Labour Mobility and Labour Market Adjustment in the EU," Development Working Papers 396, Centro Studi Luca d'Agliano, University of Milano, revised 10 Jun 2016.
    17. Ottonello, Pablo, 2021. "Optimal exchange-rate policy under collateral constraints and wage rigidity," Journal of International Economics, Elsevier, vol. 131(C).
    18. Fabrizio Coricelli & Zorobabel Bicaba, 2015. "Learning to open up: Capital account liberalizations in the post-Bretton Woods era," Working Papers halshs-01267264, HAL.
    19. Antonio M. Conti & Andrea Nobili, 2019. "Wages and prices in the euro area: exploring the nexus," Questioni di Economia e Finanza (Occasional Papers) 518, Bank of Italy, Economic Research and International Relations Area.
    20. Jarko Fidrmuc & Andreas Wörgötter, 2013. "Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(01), pages 57-63, May.
    21. Françoise Delmez, 2019. "Jobless recoveries after financial crises (and the key role of the extensive margin of employment)," LIDAM Discussion Papers IRES 2019015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    22. Lafourcade, Pierre & Gerali, Andrea & Brůha, Jan & Bursian, Dirk & Buss, Ginters & Corbo, Vesna & Haavio, Markus & Håkanson, Christina & Hlédik, Tibor & Kátay, Gábor & Kulikov, Dmitry & Lozej, Matija , 2016. "Labour market modelling in the light of the financial crisis," Occasional Paper Series 175, European Central Bank.
    23. Guillermo A. Calvo, 2016. "From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII," NBER Working Papers 22535, National Bureau of Economic Research, Inc.
    24. Christopher D. Blake, 2022. "A method for comparing compensation and productivity levels across US regions," SN Business & Economics, Springer, vol. 2(12), pages 1-30, December.
    25. Guillermo A. Calvo, 2012. "The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back," NBER Working Papers 18285, National Bureau of Economic Research, Inc.
    26. Daisuke Ikeda & Takushi Kurozumi, 2015. "What Makes Post-Financial-Crisis Recoveries So Slow? An Investigation of Implications for Monetary Policy Conduct," Bank of Japan Research Laboratory Series 15-E-2, Bank of Japan.
    27. Pablo Ottonello, 2015. "Capital Unemployment, Financial Shocks, and Investment Slumps," 2015 Meeting Papers 1153, Society for Economic Dynamics.
    28. Marjit, Sugata & Das, Gouranga G. & Yang, Lei, 2025. "The role of finance in production and international trade," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    29. Di Caro, Paolo, 2014. "Regional recessions and recoveries in theory and practice: a resilience-based overview," MPRA Paper 60300, University Library of Munich, Germany.
    30. Colombo, Emilio & Menna, Lorenzo & Tirelli, Patrizio, 2019. "Informality and the labor market effects of financial crises," World Development, Elsevier, vol. 119(C), pages 1-22.
    31. Teimouri, Sheida & Zietz, Joachim, 2017. "Economic costs of alternative monetary policy responses to speculative currency attacks," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 419-434.
    32. Stephanie Schmitt-Grohé & Martín Uribe, 2017. "Liquidity Traps and Jobless Recoveries," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 165-204, January.
    33. Khalid ElFayoumi, 2020. "Firm Financing and the Relative Demand for Labor and Capital," Discussion Papers of DIW Berlin 1908, DIW Berlin, German Institute for Economic Research.
    34. Guillermo A. Calvo, 2013. "The Mayekawa Lecture: Puzzling over the Anatomy of Crises- Liquidity and the Veil of Finance," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 31, pages 39-64, November.
    35. Michal Brzozowski, 2019. "Access to Credit and Growth of Firms," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 69(3), pages 253-274, June.
    36. ElFayoumi, Khalid, 2024. "Firm financing and the relative demand for labor and capital," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).

  19. Calvo, Guillermo & Coricelli, Fabrizio & Ottonello, Pablo, 2012. "The Labor Market Consequences of Financial Crises With or Without Inflation: Jobless and Wageless Recoveries," CEPR Discussion Papers 9218, C.E.P.R. Discussion Papers.

    Cited by:

    1. Betz, Frank & Ravasan, Farshad R., 2016. "Collateral regimes and missing job creation in the MENA region," EIB Working Papers 2016/03, European Investment Bank (EIB).
    2. Guillermo Calvo & Fabrizio Coricelli & Pablo Ottonello, 2013. "Jobless recoveries during financial crises: is inflation the way out?," Post-Print hal-01070817, HAL.
    3. Bernal-Verdugo, Lorenzo E. & Furceri, Davide & Guillaume, Dominique, 2013. "Banking crises, labor reforms, and unemployment," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1202-1219.
    4. Fabrizio Coricelli & Marco Frigerio, 2015. "The Credit-Output Relationship During the Recovery from Recession," Open Economies Review, Springer, vol. 26(3), pages 551-579, July.
    5. Fidrmuc, Jarko & Klein, Caroline & Price, Robert & Wörgötter, Andreas, 2013. "Slovakia: A Catching Up Euro Area Member In and Out of the Crisis," IZA Policy Papers 55, Institute of Labor Economics (IZA).
    6. Guillermo Calvo, 2013. "Puzzling over the Anatomy of Crises: Liquidity and the Veil of Finance," IMES Discussion Paper Series 13-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
    7. Uribe, Martín & Schmitt-Grohé, Stephanie, 2012. "The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery," CEPR Discussion Papers 9237, C.E.P.R. Discussion Papers.
    8. Villacorta, Alonso, 2018. "Business cycles and the balance sheets of the financial and non-financial sectors," ESRB Working Paper Series 68, European Systemic Risk Board.
    9. Fidrmuc, Jarko & Wörgötter, Andreas, . "Euro Membership, Foreign Banks And Credit Developments During The Financial Crisis In Slovakia: A Case Study," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(01).
    10. Vakulenko, E. & Gurvich, E., 2016. "Real Wage Flexibility in Russia: Comparative Analysis," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 67-92.
    11. Wesselbaum, Dennis, 2019. "Jobless recoveries: The interaction between financial and search frictions," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    12. Korinek, Anton & Kreamer, Jonathan, 2014. "The redistributive effects of financial deregulation," Journal of Monetary Economics, Elsevier, vol. 68(S), pages 55-67.
    13. Hector Sala Lorda & Atanu Ghoshray & Javier Ordóñez, 2016. "Euro, crisis and unemployment: Youth patterns, youth policies?," Working Papers wpdea1609, Department of Applied Economics at Universitat Autonoma of Barcelona.
    14. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2013. "Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14 [Against a backward-looking economic policy. Annual Report 2013/14]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201314.
    15. Mihály Tamás Borsi, 2016. "Credit contractions and unemployment," Working Papers 1617, Banco de España.
    16. Alfonso Arpaia & Aron Kiss & Balazs Palvolgyi & Alessandro Turrini, 2016. "Labour Mobility and Labour Market Adjustment in the EU," Development Working Papers 396, Centro Studi Luca d'Agliano, University of Milano, revised 10 Jun 2016.
    17. Ottonello, Pablo, 2021. "Optimal exchange-rate policy under collateral constraints and wage rigidity," Journal of International Economics, Elsevier, vol. 131(C).
    18. Fabrizio Coricelli & Zorobabel Bicaba, 2015. "Learning to open up: Capital account liberalizations in the post-Bretton Woods era," Working Papers halshs-01267264, HAL.
    19. Jianu, Ionuț, 2018. "The Impact of Economic and Financial Crises on Unemployment Rate in European Union," EconStor Conference Papers 194294, ZBW - Leibniz Information Centre for Economics.
    20. Jarko Fidrmuc & Andreas Wörgötter, 2013. "Slovakia: The Consequences of Joining the Euro Aea before the Crisis for a Small Catching-up Economy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(01), pages 57-63, May.
    21. Françoise Delmez, 2019. "Jobless recoveries after financial crises (and the key role of the extensive margin of employment)," LIDAM Discussion Papers IRES 2019015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    22. Lafourcade, Pierre & Gerali, Andrea & Brůha, Jan & Bursian, Dirk & Buss, Ginters & Corbo, Vesna & Haavio, Markus & Håkanson, Christina & Hlédik, Tibor & Kátay, Gábor & Kulikov, Dmitry & Lozej, Matija , 2016. "Labour market modelling in the light of the financial crisis," Occasional Paper Series 175, European Central Bank.
    23. Guillermo A. Calvo, 2016. "From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII," NBER Working Papers 22535, National Bureau of Economic Research, Inc.
    24. Bod’a, Martin & Považanová, Mariana, 2021. "Output-unemployment asymmetry in Okun coefficients for OECD countries," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 307-323.
    25. Guillermo A. Calvo, 2012. "The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back," NBER Working Papers 18285, National Bureau of Economic Research, Inc.
    26. Marjit, Sugata & Das, Gouranga G. & Yang, Lei, 2025. "The role of finance in production and international trade," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    27. Di Caro, Paolo, 2014. "Regional recessions and recoveries in theory and practice: a resilience-based overview," MPRA Paper 60300, University Library of Munich, Germany.
    28. Colombo, Emilio & Menna, Lorenzo & Tirelli, Patrizio, 2019. "Informality and the labor market effects of financial crises," World Development, Elsevier, vol. 119(C), pages 1-22.
    29. Teimouri, Sheida & Zietz, Joachim, 2017. "Economic costs of alternative monetary policy responses to speculative currency attacks," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 419-434.
    30. International Monetary Fund, 2015. "Bosnia and Herzegovina: Selected Issues," IMF Staff Country Reports 2015/299, International Monetary Fund.
    31. Khalid ElFayoumi, 2020. "Firm Financing and the Relative Demand for Labor and Capital," Discussion Papers of DIW Berlin 1908, DIW Berlin, German Institute for Economic Research.
    32. Guillermo A. Calvo, 2013. "The Mayekawa Lecture: Puzzling over the Anatomy of Crises- Liquidity and the Veil of Finance," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 31, pages 39-64, November.
    33. Michal Brzozowski, 2019. "Access to Credit and Growth of Firms," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 69(3), pages 253-274, June.
    34. ElFayoumi, Khalid, 2024. "Firm financing and the relative demand for labor and capital," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).

  20. Ortiz, Alberto & Pablo, Ottonello & Sturzenegger, Federico & Talvi, Ernesto, 2007. "Monetary and Fiscal Policies in a Sudden Stop: Is Tighter Brighter?," Working Paper Series rwp07-057, Harvard University, John F. Kennedy School of Government.

    Cited by:

    1. Fatih Özatay, 2008. "Expansionary Fiscal Consolidations: New Evidence from Turkey," Working Papers 406, Economic Research Forum, revised 06 Jan 2008.
    2. Jos√© Osler Alzate Mahecha, 2013. "Sudden stops in emerging markets: How to minimize their impact on GDP?," Documentos CEDE 10547, Universidad de los Andes, Facultad de Economía, CEDE.
    3. U. Michael Bergman & Shakill Hassan, 2008. "Currency Crises and Monetary Policy in an Economy with Credit Constraints: The No Interest Parity Case," EPRU Working Paper Series 08-01, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    4. Stan Du Plessis & Ben Smit & Federico Sturzenegger, 2007. "The Cyclicality Of Monetary And Fiscal Policy In South Africa Since 1994," South African Journal of Economics, Economic Society of South Africa, vol. 75(3), pages 391-411, September.
    5. Alberto Ortiz & Federico Sturzenegger, 2007. "Estimating Sarb'S Policy Reaction Rule," South African Journal of Economics, Economic Society of South Africa, vol. 75(4), pages 659-680, December.
    6. Guillermo Calvo & Alejandro Izquierdo & Rudy Loo-Kung, 2013. "Optimal Holdings of International Reserves: Self-insurance against Sudden Stops," Monetaria, CEMLA, vol. 0(1), pages 1-35, January-j.
    7. Eduardo Fernandez-Arias & Andrew Powell & Alessandro Rebucci, 2009. "The Multilateral Response to the Global Crisis: Rationale, Modalities, and Feasibility," Research Department Publications 4629, Inter-American Development Bank, Research Department.
    8. Bergman, U. Michael & Jellingsø, Mads, 2010. "Monetary policy during speculative attacks: Are there adverse medium term effects?," The North American Journal of Economics and Finance, Elsevier, vol. 21(1), pages 5-18, March.
    9. Carlos A Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
    10. Cem Cebi, 2011. "The Interaction between Monetary and Fiscal Policies in Turkey: An Estimated New Keynesian DSGE Model (Yeni Keynesyen Dinamik Stokastik Genel Denge Modeli �er�evesinde T�rkiye�de Para ve Maliy," Working Papers 1104, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    11. Çebi, Cem, 2012. "The interaction between monetary and fiscal policies in Turkey: An estimated New Keynesian DSGE model," Economic Modelling, Elsevier, vol. 29(4), pages 1258-1267.
    12. Levan Efremidze & Samuel M. Schreyer & Ozan Sula, 2011. "Sudden stops and currency crises," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 3(4), pages 304-321, November.
    13. Shahid, Muhammad & Qayyum, Abdul & Shahid Malik, Waseem, 2016. "Fiscal and Monetary Policy Interactions in Pakistan Using a Dynamic Stochastic General Equilibrium Framework," MPRA Paper 85549, University Library of Munich, Germany, revised 2017.
    14. Federico Sturzenegger, 2019. "Macri´s Macro: The meandering road to stability and growth," Working Papers 135, Universidad de San Andres, Departamento de Economia, revised Oct 2019.

Articles

  1. Javier Bianchi & Pablo Ottonello & Ignacio Presno, 2023. "Fiscal Stimulus under Sovereign Risk," Journal of Political Economy, University of Chicago Press, vol. 131(9), pages 2328-2369.
    See citations under working paper version above.
  2. Xing Guo & Pablo Ottonello & Diego J. Perez, 2023. "Monetary Policy and Redistribution in Open Economies," Journal of Political Economy Macroeconomics, University of Chicago Press, vol. 1(1), pages 191-241.
    See citations under working paper version above.
  3. Rafael Guntin & Pablo Ottonello & Diego J. Perez, 2023. "The Micro Anatomy of Macro Consumption Adjustments," American Economic Review, American Economic Association, vol. 113(8), pages 2201-2231, August.
    See citations under working paper version above.
  4. Juan M. Morelli & Pablo Ottonello & Diego J. Perez, 2022. "Global Banks and Systemic Debt Crises," Econometrica, Econometric Society, vol. 90(2), pages 749-798, March.
    See citations under working paper version above.
  5. Ottonello, Pablo & Perez, Diego J. & Varraso, Paolo, 2022. "Are collateral-constraint models ready for macroprudential policy design?," Journal of International Economics, Elsevier, vol. 139(C).
    See citations under working paper version above.
  6. Ottonello, Pablo, 2021. "Optimal exchange-rate policy under collateral constraints and wage rigidity," Journal of International Economics, Elsevier, vol. 131(C).

    Cited by:

    1. Katharina Bergant & Francesco Grigoli & Niels‐Jakob Hansen & Damiano Sandri, 2024. "Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(6), pages 1405-1438, September.
    2. Javier Bianchi & Guido Lorenzoni, 2021. "The Prudential Use of Capital Controls and Foreign Currency Reserves," Working Papers 787, Federal Reserve Bank of Minneapolis.
    3. Hao Dong & Yingrong Zheng & Na Li, 2023. "Analysis of Systemic Risk Scenarios and Stabilization Effect of Monetary Policy under the COVID-19 Shock and Pharmaceutical Economic Recession," Sustainability, MDPI, vol. 15(1), pages 1-32, January.
    4. Julien Bengui & Javier Bianchi, 2018. "Macroprudential Policy with Leakages," Working Papers 754, Federal Reserve Bank of Minneapolis.
    5. Javier Bianchi & Louphou Coulibaly, 2023. "A Theory of Fear of Floating," NBER Working Papers 30897, National Bureau of Economic Research, Inc.
    6. Liu, Siming, 2022. "Government spending during sudden stop crises," Journal of International Economics, Elsevier, vol. 135(C).
    7. Xing Guo & Pablo Ottonello & Diego Perez, 2022. "Monetary Policy and Redistribution in Open Economies," Staff Working Papers 22-6, Bank of Canada.
    8. Mistak, Jakub & Ozkan, F. Gulcin, 2024. "Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating," Working Paper Series 2995, European Central Bank.
    9. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    10. Sandri, Damiano & Cavallino, Paolo, 2020. "The Open-Economy ELB: Contractionary Monetary Easing and the Trilemma," CEPR Discussion Papers 14683, C.E.P.R. Discussion Papers.
    11. Jiao, Yang, 2024. "Financial crises, bailouts and monetary policy in open economies," Journal of International Economics, Elsevier, vol. 151(C).
    12. Julien Bengui & Louphou Coulibaly, 2022. "Stagflation and Topsy-Turvy Capital Flows," Staff Working Papers 22-46, Bank of Canada.
    13. Xie, Oliver, 2024. "Financial Hedging and Optimal Currency of Invoicing," SocArXiv v8zdk, Center for Open Science.
    14. Parimoo, Suneil, 2024. "Cycles and self-fulfilling crises in open economies with stock collateral constraints under impatience," Journal of Mathematical Economics, Elsevier, vol. 112(C).
    15. Lutz, Flora & Zessner-Spitzenberg, Leopold, 2023. "Sudden stops and reserve accumulation in the presence of international liquidity risk," Journal of International Economics, Elsevier, vol. 141(C).
    16. Johannes Matschke, 2022. "Effective Downward Nominal Wage Rigidities," Research Working Paper RWP 22-10, Federal Reserve Bank of Kansas City, revised 10 Jul 2024.
    17. Masashige Hamano & Francesco Pappadà & Maria Teresa Punzi, 2023. "Optimal Monetary Policy, Tariff Shocks and Exporter Dynamics," Working Papers 2309, Waseda University, Faculty of Political Science and Economics.

  7. Pablo Ottonello & Thomas Winberry, 2020. "Financial Heterogeneity and the Investment Channel of Monetary Policy," Econometrica, Econometric Society, vol. 88(6), pages 2473-2502, November.
    See citations under working paper version above.
  8. Pablo Ottonello & Diego J. Perez, 2019. "The Currency Composition of Sovereign Debt," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(3), pages 174-208, July.
    See citations under working paper version above.

Chapters

  1. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 1-39, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Guillermo Calvo & Fabrizio Coricelli & Pablo Ottonello, 2014. "Jobless Recoveries during Financial Crises: Is Inflation the Way Out?," Central Banking, Analysis, and Economic Policies Book Series, in: Sofía Bauducco & Lawrence Christiano & Claudio Raddatz (ed.),Macroeconomic and Financial Stability: challenges for Monetary Policy, edition 1, volume 19, chapter 11, pages 331-381, Central Bank of Chile.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.