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Jon Steinsson

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.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Jon Steinsson & Emi Nakamura, 2014. "High Frequency Identification of Monetary Non-Neutrality," 2014 Meeting Papers 96, Society for Economic Dynamics.

    Mentioned in:

    1. Relying on the Fed's Balance Sheet
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-02-26 12:56:17
  2. Nakamura, Emi & Steinsson, Jón, 2011. "Price setting in forward-looking customer markets," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.

    Mentioned in:

    1. Premio a la Macroeconomía joven: Emi Nakamura galardonada con la Clark Medal 2019
      by Juan Francisco Jimeno in Nada Es Gratis on 2019-05-07 05:07:14
  3. Emi Nakamura & Jón Steinsson, 2011. "Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions," NBER Working Papers 17391, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Fiscal Stimulus Works
      by Mark Thoma in Economist's View on 2011-10-02 21:45:00
    2. Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock
      by Blog Admin in EUROPP European Politics and Policy on 2014-09-25 19:05:30
  4. Emi Nakamura & Jón Steinsson & Patrick Sun & Daniel Villar, 2016. "The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation," NBER Working Papers 22505, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The case for a higher inflation target gets stronger
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-04-03 17:48:01

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2016. "The Power of Forward Guidance Revisited," American Economic Review, American Economic Association, vol. 106(10), pages 3133-3158, October.

    Mentioned in:

    1. > Macroeconomics > Monetary Theory

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Jón Steinsson, 2008. "The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models," American Economic Review, American Economic Association, vol. 98(1), pages 519-533, March.

    Mentioned in:

    1. The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models (AER 2008) in ReplicationWiki ()
  2. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.

    Mentioned in:

    1. Five Facts about Prices: A Reevaluation of Menu Cost Models (QJE 2008) in ReplicationWiki ()
  3. Emi Nakamura & Jón Steinsson, 2012. "Lost in Transit: Product Replacement Bias and Pricing to Market," American Economic Review, American Economic Association, vol. 102(7), pages 3277-3316, December.

    Mentioned in:

    1. Lost in Transit: Product Replacement Bias and Pricing to Market (AER 2012) in ReplicationWiki ()
  4. Emi Nakamura & J?n Steinsson, 2014. "Fiscal Stimulus in a Monetary Union: Evidence from US Regions," American Economic Review, American Economic Association, vol. 104(3), pages 753-792, March.

    Mentioned in:

    1. Fiscal Stimulus in a Monetary Union: Evidence from US Regions (AER 2014) in ReplicationWiki ()
  5. Emi Nakamura & Dmitriy Sergeyev & Jón Steinsson, 2017. "Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 1-39, January.

    Mentioned in:

    1. Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence (AEJ:MA 2017) in ReplicationWiki ()
  6. Emi Nakamura & Jón Steinsson & Robert Barro & José Ursúa, 2013. "Crises and Recoveries in an Empirical Model of Consumption Disasters," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 35-74, July.

    Mentioned in:

    1. Crises and Recoveries in an Empirical Model of Consumption Disasters (AEJ:MA 2013) in ReplicationWiki ()

Working papers

  1. Miguel Acosta & Andreas I. Mueller & Emi Nakamura & Jón Steinsson, 2023. "Macroeconomic Effects of UI Extensions at Short and Long Durations," NBER Working Papers 31784, National Bureau of Economic Research, Inc.

    Cited by:

    1. David Autor & David Dorn & Gordon H. Hanson & Maggie R. Jones & Bradley Setzler, 2025. "Places versus People: The Ins and Outs of Labor Market Adjustment to Globalization," NBER Working Papers 33424, National Bureau of Economic Research, Inc.
    2. Jessen, Jonas & Jessen, Robin & Galecka-Burdziak, Ewa & Góra, Marek & Kluve, Jochen, 2023. "The Micro and Macro Effects of Changes in the Potential Benefit Duration," IZA Discussion Papers 15978, Institute of Labor Economics (IZA).

  2. Masao Fukui & Emi Nakamura & Jón Steinsson, 2023. "The Macroeconomic Consequences of Exchange Rate Depreciations," NBER Working Papers 31279, National Bureau of Economic Research, Inc.

    Cited by:

    1. Martha Elena Delgado & Juan Herreño & Marc Hofstetter & Mathieu Pedemonte, 2024. "The Causal Effects of Expected Depreciations," Working Papers 24-07, Federal Reserve Bank of Cleveland.
    2. Oleg Itskhoki & Dmitry Mukhin, 2025. "What Drives the Exchange Rate?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(1), pages 86-117, March.
    3. Janus, Jakub, 2025. "Global financial risk and uncovered interest parity premia in Central and Eastern Europe," Economic Modelling, Elsevier, vol. 148(C).
    4. Martin Bodenstein & Pablo A. Cuba-Borda & Nils M. Gornemann & Ignacio Presno & Andrea Prestipino & Albert Queraltó & Andrea Raffo, 2023. "Global Flight to Safety, Business Cycles, and the Dollar," International Finance Discussion Papers 1381, Board of Governors of the Federal Reserve System (U.S.).
    5. Martín Almuzara & Víctor Sancibrián, 2024. "Micro Responses to Macro Shocks," Staff Reports 1090, Federal Reserve Bank of New York.
    6. Avdjiev, Stefan & Burger, John D. & Hardy, Bryan, 2024. "New spare tires: local currency credit as a global shock absorber," CEPR Discussion Papers 19288, C.E.P.R. Discussion Papers.
    7. World Bank, 2024. "Pacific Economic Update, March 2024," World Bank Publications - Reports 41160, The World Bank Group.
    8. Oleg Itskhoki & Dmitry Mukhin, 2025. "Mussa Puzzle Redux," Econometrica, Econometric Society, vol. 93(1), pages 1-39, January.

  3. Leland Farmer & Emi Nakamura & Jón Steinsson, 2021. "Learning About the Long Run," NBER Working Papers 29495, National Bureau of Economic Research, Inc.

    Cited by:

    1. Michael D. Bauer & Eric T. Swanson, 2022. "A Reassessment of Monetary Policy Surprises and High-Frequency Identification," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 87-155, National Bureau of Economic Research, Inc.
    2. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Matthieu Gomez & Émilien Gouin‐Bonenfant, 2024. "Wealth Inequality in a Low Rate Environment," Econometrica, Econometric Society, vol. 92(1), pages 201-246, January.
    4. Kenneth J. Singleton, 2021. "Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?," Journal of Finance, American Finance Association, vol. 76(4), pages 1611-1654, August.
    5. Anderson, Robert M. & Duanmu, Haosui & Ghosh, Aniruddha & Khan, M. Ali, 2024. "On existence of Berk-Nash equilibria in misspecified Markov decision processes with infinite spaces," Journal of Economic Theory, Elsevier, vol. 217(C).
    6. Milda Norkute & Joakim Westerlund, 2023. "A factor-augmented new Keynesian Phillips curve for the European Union countries," Bank of Lithuania Working Paper Series 111, Bank of Lithuania.
    7. Michele Andreolli & Hélène Rey, 2023. "The Fiscal Consequences of Missing an Inflation Target," NBER Working Papers 30819, National Bureau of Economic Research, Inc.
    8. Richard K. Crump & Stefano Eusepi & Emanuel Moench & Bruce Preston, 2025. "How Do We Learn About the Long Run?," Staff Reports 1150, Federal Reserve Bank of New York.
    9. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.
    10. Stéphane Dupraz & Hervé Le Bihan & Julien Matheron, 2022. "Make-up Strategies with Finite Planning Horizons but Forward-Looking Asset Prices," Working papers 862, Banque de France.
    11. Stefan Nagel & Zhengyang Xu, 2022. "Dynamics of Subjective Risk Premia," CESifo Working Paper Series 9693, CESifo.
    12. Patrick J. Coe & Shaun P. Vahey, 2025. "Reassessing the Predictive Power of the Yield Spread for Recessions in the United States," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(2), pages 231-236, March.
    13. Chen, Heng & Li, Xu & Pei, Guangyu & Xin, Qian, 2024. "Heterogeneous overreaction in expectation formation: Evidence and theory," Journal of Economic Theory, Elsevier, vol. 218(C).
    14. Martin Eichenbaum, 2023. "On the limits of rational expectations for policy analysis," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1221-1237, November.
    15. Dupraz, Stéphane & Le Bihan, Hervé & Matheron, Julien, 2024. "Make-up strategies with finite planning horizons but infinitely forward-looking asset prices," Journal of Monetary Economics, Elsevier, vol. 143(C).
    16. Andres Blanco & Pablo Ottonello & Tereza Ranošová, 2024. "The Dynamics of Large Inflation Surges," FRB Atlanta Working Paper 2024-9, Federal Reserve Bank of Atlanta.
    17. Andrew B. Martinez, 2025. "How do Macroeconomic Expectations React to Extreme Weather Shocks?," Working Papers 2025-001, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    18. Leland Bybee, 2023. "Surveying Generative AI's Economic Expectations," Papers 2305.02823, arXiv.org, revised May 2023.

  4. Paul Bouscasse & Emi Nakamura & Jón Steinsson, 2021. "When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870," NBER Working Papers 28623, National Bureau of Economic Research, Inc.

    Cited by:

    1. Terence Kealey, 2022. "The Industrial Revolution as a collective action problem: The House of Commons games patents of monopoly, November 1601," Economic Affairs, Wiley Blackwell, vol. 42(3), pages 418-441, October.
    2. Deseau, Arnaud, 2024. "Speed of convergence in a Malthusian world: Weak or strong homeostasis?," Explorations in Economic History, Elsevier, vol. 94(C).
    3. M. Aykut Attar, 2023. "Technology and survival in preindustrial England: a Malthusian view," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(4), pages 2071-2110, October.
    4. Thomas Philippon, 2022. "Additive Growth," NBER Working Papers 29950, National Bureau of Economic Research, Inc.
    5. David De la Croix & Paula Eugenia Gobbi, 2021. "Population Homeostasis in Sub-Saharan Africa," Working Papers ECARES 2021-25, ULB -- Universite Libre de Bruxelles.
    6. David Hugh-Jones & Mich Tvede, 2022. "Technology of Cultural Transmission I: The Printing Press," University of East Anglia School of Economics Working Paper Series 2022-01, School of Economics, University of East Anglia, Norwich, UK..

  5. Jonathon Hazell & Juan Herreño & Emi Nakamura & Jón Steinsson, 2020. "The Slope of the Phillips Curve: Evidence from U.S. States," NBER Working Papers 28005, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mary C. Daly, 2023. "Forward-Looking Policy in a Real-Time World," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(08), pages 1-8, March.
    2. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    3. Florio, Anna & Siena, Daniele & Zago, Riccardo, 2025. "Global value chains and the Phillips curve: A challenge for monetary policy," European Economic Review, Elsevier, vol. 174(C).
    4. Luca Fornaro & Martin Wolf, 2020. "The scars of supply shocks: Implications for monetary policy," Economics Working Papers 1748, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2023.
    5. Oliver de Groot & Alexander Haas, 2022. "The Signalling Channel of Negative Interest Rates," Discussion Papers of DIW Berlin 1990, DIW Berlin, German Institute for Economic Research.
    6. José-Elías Gallegos, 2023. "Inflation persistence, noisy information and the Phillips curve," Working Papers 2309, Banco de España.
    7. Martin Caruso Bloeck & Miguel Mello & Jorge Ponce, 2022. "News of disinflation and firms' expectations: new causal evidence," Documentos de trabajo 2022003, Banco Central del Uruguay.
    8. Alexander Doser & Ricardo Nunes & Nikhil Rao & Viacheslav Sheremirov, 2023. "Inflation expectations and nonlinearities in the Phillips curve," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(4), pages 453-471, June.
    9. Jean-Paul L'Huillier & Gregory Phelan, 2025. "Can Supply Shocks Be Inflationary with a Flat Phillips Curve?," International Journal of Central Banking, International Journal of Central Banking, vol. 21(2), pages 77-145, April.
    10. Larsen, Rasmus Bisgaard & Ravn, Søren Hove & Santoro, Emiliano, 2025. "House prices, endogenous productivity, and the effects of government spending shocks," European Economic Review, Elsevier, vol. 172(C).
    11. Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025. "The New Keynesian Climate Model," EconomiX Working Papers 2025-1, University of Paris Nanterre, EconomiX.
    12. Paul Beaudry & Chenyu Hou & Franck Portier, 2024. "The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 235-276, National Bureau of Economic Research, Inc.
    13. Ángelo Gutiérrez-Daza, 2024. "Business Cycles when Consumers Learn by Shopping," Working Papers 2024-12, Banco de México.
    14. Peter Jorgensen & Kevin J. Lansing, 2024. "A Simple Measure of Anchoring for Short-Run Expected Inflation in FIRE Models," Working Paper Series 2024-34, Federal Reserve Bank of San Francisco.
    15. Martins, Manuel M.F. & Verona, Fabio, 2023. "Inflation dynamics in the frequency domain," Economics Letters, Elsevier, vol. 231(C).
    16. Kilponen, Juha & Vilmunen, Jouko & Vähämaa, Oskari, 2022. "Revisiting intertemporal elasticity of substitution in a sticky price model," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    17. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    18. 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.
    19. Mario Forni & Luca Sala & Luca Gambetti & Davide Debortoli, 2023. "Asymmetric Monetary Policy Tradeoffs," Working Papers 1404, Barcelona School of Economics.
    20. William Chen & Marco Del Negro & Michele Lenza & Giorgio E. Primiceri & Andrea Tambalotti, 2020. "What’s Up with the Phillips Curve?," Liberty Street Economics 20200918a, Federal Reserve Bank of New York.
    21. Emanuel Kohlscheen, 2022. "Understanding the food component of inflation," Papers 2212.09380, arXiv.org.
    22. Shovon Sengupta & Bhanu Pratap & Amit Pawar, 2025. "Non-linear Phillips Curve for India: Evidence from Explainable Machine Learning," Papers 2504.05350, arXiv.org.
    23. Wellmann, Susanne, 2023. "The Phillips curve in the euro area: New evidence using country-level data," University of Tübingen Working Papers in Business and Economics 156, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    24. Francesco Bianchi & Renato Faccini & Leonardo Melosi, 2020. "Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength," NBER Working Papers 27112, National Bureau of Economic Research, Inc.
    25. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    26. Laurence M. Ball & Mr. Daniel Leigh & Ms. Prachi Mishra & Mr. Antonio Spilimbergo, 2021. "Measuring U.S. Core Inflation: The Stress Test of COVID-19," IMF Working Papers 2021/291, International Monetary Fund.
    27. Binetti, Alberto & Nuzzi, Francesco & Stantcheva, Stefanie, 2024. "People’s understanding of inflation," Journal of Monetary Economics, Elsevier, vol. 148(S).
    28. Haschka, Rouven E., 2024. "Examining the New Keynesian Phillips Curve in the U.S.: Why has the relationship between inflation and unemployment weakened?," Research in Economics, Elsevier, vol. 78(4).
    29. Afsar, Atahan & Gallegos, José-Elías & Jaimes, Richard & Silgado-Gómez, Edgar, 2024. "A behavioral hybrid New Keynesian model: Quantifying the importance of belief formation frictions," Economic Modelling, Elsevier, vol. 132(C).
    30. Manuel M. F. Martins & Fabio Verona, 2024. "Forecasting Inflation with the New Keynesian Phillips Curve: Frequencies Matter," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(4), pages 811-832, August.
    31. Johannes Schuffels & Clemens Kool & Lenard Lieb & Tom van Veen, 2022. "Is the Slope of the Euro Area Phillips Curve Steeper than It Seems? Heterogeneity and Identification," CESifo Working Paper Series 10103, CESifo.
    32. Régis Barnichon & Adam Shapiro, 2024. "Phillips Meets Beveridge," NBER Chapters, in: Inflation in the COVID Era and Beyond, National Bureau of Economic Research, Inc.
    33. Daniele Siena & Riccardo Zago, 2021. "Job Polarization and the Flattening of the Price Phillips Curve," Working papers 819, Banque de France.
    34. Richard K. Crump & Nikolay Gospodinov & Ignacio Lopez Gaffney, 2024. "A Simple Diagnostic for Time-Series and Panel-Data Regressions," Staff Reports 1132, Federal Reserve Bank of New York.
    35. Juhana Hukkinen & Matti Viren, 2024. "Was Globalization the Root Cause of Low Inflation?," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 77(3), pages 337-370.
    36. Hassan Afrouzi & Saroj Bhattarai, 2023. "Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach," NBER Working Papers 31218, National Bureau of Economic Research, Inc.
    37. Céline Poilly & Fabien Tripier, 2023. "Regional Trade Policy Uncertainty," AMSE Working Papers 2321, Aix-Marseille School of Economics, France.
    38. Simone Emiliozzi & Filippo Favero, 2025. "Unveiling natural gas consumption sectoral price elasticities," Questioni di Economia e Finanza (Occasional Papers) 941, Bank of Italy, Economic Research and International Relations Area.
    39. Philippe Goulet Coulombe, 2022. "A Neural Phillips Curve and a Deep Output Gap," Working Papers 22-01, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    40. 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.
    41. Stefano Gnocchi & Fanny McKellips & Rodrigo Sekkel & Laure Simon & Yinxi Xie & Yang Zhang, 2024. "The Output-Inflation Trade-off in Canada," Discussion Papers 2024-07, Bank of Canada.
    42. Basu, Susanto, 2024. "Discussion of “Understanding the international rise and fall of inflation since 2020”," Journal of Monetary Economics, Elsevier, vol. 148(S).
    43. Nie, He & Yao, Jiarui & Wang, Haoan, 2025. "The real cost channel and the Phillips Curve for China," Economics Letters, Elsevier, vol. 247(C).
    44. Ginters Buss & Guido Traficante, 2025. "The Return of Inflation: Look-Through Policy Under Incomplete Information," Working Papers 2025/02, Latvijas Banka.
    45. Ethan Ilzetzki, 2023. "Learning by necessity: Government demand, capacity constraints, and productivity growth," Discussion Papers 2305, Centre for Macroeconomics (CFM).
    46. Martin Iseringhausen, 2024. "The housing supply channel of monetary policy," Working Papers 59, European Stability Mechanism, revised 05 Feb 2024.
    47. Edmond Berisha & Ram Sewak Dubey & Orkideh Gharehgozli, 2022. "Inflation and income inequality: Does the level of income inequality matter?," Papers 2202.05743, arXiv.org.
    48. Knotek, Edward S & Mitchell, James & Pedemonte, Mathieu & Shiroff, Taylor, 2024. "The Effects of Interest Rate Increases on Consumers’ Inflation Expectations: The Roles of Informedness and Compliance," IDB Publications (Working Papers) 13758, Inter-American Development Bank.
    49. Sztachera, Maciej, 2024. "Hours, wages, and multipliers," MPRA Paper 121556, University Library of Munich, Germany.
    50. Ding Dong & Zheng Liu & Pengfei Wang & Min Wei, 2025. "Inflation Disagreement Weakens the Power of Monetary Policy," Working Paper Series 2024-27, Federal Reserve Bank of San Francisco.
    51. Pierpaolo Benigno & Gauti B. Eggertsson, 2023. "It’s Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve," NBER Working Papers 31197, National Bureau of Economic Research, Inc.
    52. Simon C. Smith & Allan Timmermann & Jonathan H. Wright, 2025. "Breaks in the Phillips Curve: Evidence From Panel Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(2), pages 131-148, March.
    53. El-Shagi, Makram & Tochkov, Kiril, 2024. "Regional heterogeneity and the provincial Phillips curve in China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1036-1044.
    54. Howes, Cooper, 2022. "Why does structural change accelerate in recessions? The credit reallocation channel," Journal of Financial Economics, Elsevier, vol. 144(3), pages 933-952.
    55. Anton Bobrov & Rupal Kamdar & Mauricio Ulate, 2025. "Regional Dissent: Do Local Economic Conditions Influence FOMC Votes?," American Economic Review: Insights, American Economic Association, vol. 7(2), pages 268-284, June.
    56. Pablo Cuba-Borda & Jean-Paul L'Huillier, 2025. "Inflation is a Supply Phenomenon," Working Papers 137, Brandeis University, Department of Economics and International Business School.
    57. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    58. Algieri, Bernardina & Kornher, Lukas & von Braun, Joachim, 2024. "The Changing Drivers of Food Inflation – Macroeconomics, Inflation, and War," Discussion Papers 340561, University of Bonn, Center for Development Research (ZEF).
    59. Mai Dao & Allan Dizioli & Chris Jackson & Pierre-Olivier Gourinchas & Mr. Daniel Leigh, 2023. "Unconventional Fiscal Policy in Times of High Inflation," IMF Working Papers 2023/178, International Monetary Fund.
    60. Ilzetzki, Ethan, 2025. "Guns and growth: The economic consequences of defense buildups," Kiel Report 2, Kiel Institute for the World Economy (IfW Kiel).
    61. Rodnyansky, Alexander & Van der Ghote, Alejandro & Wales, Daniel, 2022. "Product quality, measured inflation and monetary policy," Working Paper Series 2680, European Central Bank.
    62. Ascari, Guido & Fosso, Luca, 2024. "The international dimension of trend inflation," Journal of International Economics, Elsevier, vol. 148(C).
    63. Bill Dupor & Marie Hogan & Jingchao Li, 2024. "A Decomposition of the Phillips Curve’s Flattening," Working Papers 2025-002, Federal Reserve Bank of St. Louis.
    64. Liao, Wenting & Sheng, Xin & Gupta, Rangan & Karmakar, Sayar, 2024. "Extreme weather shocks and state-level inflation of the United States," Economics Letters, Elsevier, vol. 238(C).
    65. Jonathon Hazell & Stephan Hobler, 2024. "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers 2439, Centre for Macroeconomics (CFM).
    66. Wildauer, Rafael & Kohler, Karsten & Aboobaker, Adam & Guschanski, Alexander, 2023. "Energy price shocks, conflict inflation, and income distribution in a three-sector model," Energy Economics, Elsevier, vol. 127(PB).
    67. Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger, 2024. "Zombie Credit and (Dis‐)Inflation: Evidence from Europe," Journal of Finance, American Finance Association, vol. 79(3), pages 1883-1929, June.
    68. Crump, Richard K. & Eusepi, Stefano & Giannoni, Marc & Şahin, Ayşegül, 2024. "The unemployment–inflation trade-off revisited: The Phillips curve in COVID times," Journal of Monetary Economics, Elsevier, vol. 145(S).
    69. Karl Whelan, 2021. "Central banks and inflation: where do we stand and how did we get here?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 18(3), pages 310–330-3, December.
    70. Gao, Han & Kulish, Mariano & Nicolini, Juan Pablo, 2025. "Two illustrations of the quantity theory of money reloaded," Journal of International Economics, Elsevier, vol. 154(C).
    71. Camilo Granados & Daniel Parra-Amado, 2023. "Estimating the Output Gap After COVID: How to Address Unprecedented Macroeconomic Variations," Borradores de Economia 1249, Banco de la Republica de Colombia.
    72. Sangyyup Choi & Jaehun Jeong & Dohyeon Park & Donghoon Yoo, 2023. "News or Animal Spirits? Consumer Confidence and Economic Activity: Redux," Working papers 2023rwp-216, Yonsei University, Yonsei Economics Research Institute.
    73. Pflueger, Carolin, 2025. "Back to the 1980s or not? The drivers of inflation and real risks in Treasury bonds," Journal of Financial Economics, Elsevier, vol. 167(C).
    74. Czudaj, Robert L., 2025. "Expectation formation and the Phillips curve revisited," Macroeconomic Dynamics, Cambridge University Press, vol. 29, pages 1-1, January.
    75. Konstantin Platonov, 2024. "Inflation targeting, output stabilization, and real indeterminacy in monetary models with an interest rate rule," Economic Inquiry, Western Economic Association International, vol. 62(4), pages 1467-1493, October.
    76. Biolsi, Christopher, 2023. "Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners," Journal of Macroeconomics, Elsevier, vol. 75(C).
    77. Paranhos, Livia, 2021. "Predicting Inflation with Neural Networks," The Warwick Economics Research Paper Series (TWERPS) 1344, University of Warwick, Department of Economics.
    78. Harding, Martín & Lindé, Jesper & Trabandt, Mathias, 2023. "Understanding post-COVID inflation dynamics," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 101-118.
    79. Bence Bardóczy & Jae W. Sim & Andreas Tischbirek, 2024. "The Macroeconomic Effects of Excess Savings," Finance and Economics Discussion Series 2024-062, Board of Governors of the Federal Reserve System (U.S.).
    80. Céline Poilly & Fabien Tripier, 2025. "Regional trade policy uncertainty," Post-Print hal-05067044, HAL.
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    64. Pallante, Gianluca & Russo, Emanuele & Roventini, Andrea, 2023. "Does public R&D funding crowd-in private R&D investment? Evidence from military R&D expenditures for US states," Research Policy, Elsevier, vol. 52(8).
    65. Xiaoqing Zhou, 2021. "Online Appendix to "Mortgage borrowing and the boom-bust cycle in consumption and residential investment"," Online Appendices 19-339, Review of Economic Dynamics.
    66. Xiaoqin Sun & Yuhai Su & Honglei Liu & Chengyou Li, 2022. "The Impact of House Price on Urban Household Consumption: Micro Evidence from China," Sustainability, MDPI, vol. 14(19), pages 1-20, October.
    67. Cheol Eun & Lingling Wang & Tim Zhang, 2022. "House Price Growth Synchronization and Business Cycle Alignment," The Journal of Real Estate Finance and Economics, Springer, vol. 65(4), pages 675-710, November.
    68. Yener Coskun & Christos Bouras & Rangan Gupta & Mark E. Wohar, 2021. "Multi-Horizon Financial and Housing Wealth Effects across the U.S. States," Sustainability, MDPI, vol. 13(3), pages 1-20, January.
    69. Flannery, Mark J. & Lin, Leming & Wang, Luxi, 2022. "Housing booms and bank growth," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    70. Mark Garmaise & Yaron Levi & Hanno Lustig, 2020. "Spending Less After (Seemingly) Bad News," NBER Working Papers 27010, National Bureau of Economic Research, Inc.
    71. Katya Kartashova & Xiaoqing Zhou, 2021. "Wealth Inequality and Return Heterogeneity During the COVID-19 Pandemic," Working Papers 2114, Federal Reserve Bank of Dallas.
    72. Likai Chen & Ekaterina Smetanina & Wei Biao Wu, 2022. "Estimation of nonstationary nonparametric regression model with multiplicative structure [Income and wealth distribution in macroeconomics: A continuous-time approach]," The Econometrics Journal, Royal Economic Society, vol. 25(1), pages 176-214.
    73. Chan Yu, 2023. "Newborns during the crisis: Evidence from the 1980s′ farm crisis," Health Economics, John Wiley & Sons, Ltd., vol. 32(8), pages 1836-1867, August.
    74. Bernardus van Doornik & Dimas Fazio & Tarun Ramadorai & Janis Skrastins, 2024. "Housing and Fertility," Working Papers Series 612, Central Bank of Brazil, Research Department.
    75. Shenzhe Jiang & Jianjun Miao & Yuzhe Zhang, 2022. "China'S Housing Bubble, Infrastructure Investment, And Economic Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(3), pages 1189-1237, August.
    76. Xiaoqing Zhou, 2021. "Mortgage Borrowing and the Boom-Bust Cycle in Consumption and Residential Investment," Working Papers 2103, Federal Reserve Bank of Dallas.
    77. Maximilian Günnewig‐Mönert & Ronan C. Lyons, 2024. "Housing prices, costs, and policy: The housing supply equation in Ireland since 1970," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(4), pages 1075-1102, July.
    78. Nicolas Caramp & Dejanir H. Silva, 2021. "Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity," Working Papers 341, University of California, Davis, Department of Economics.
    79. Paloma Taltavull de La Paz, 2021. "Predicting housing prices. A long term housing price path for Spanish regions," LARES lares-2021-4dra, Latin American Real Estate Society (LARES).
    80. Mairead Roiste & Apostolos Fasianos & Robert Kirkby & Fang Yao, 2021. "Are Housing Wealth Effects Asymmetric in Booms and Busts?," The Journal of Real Estate Finance and Economics, Springer, vol. 62(4), pages 578-628, May.
    81. Mølbak Ingholt, Marcus, 2022. "Multiple Credit Constraints and Time-Varying Macroeconomic Dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    82. Grodecka-Messi, Anna & Li, Jieying & Zhang, Xin, 2025. "Riding the Housing Wave: Home Equity Withdrawal and Consumer Debt Composition," Working Paper Series 452, Sveriges Riksbank (Central Bank of Sweden).

  7. Adam Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2020. "What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?," NBER Working Papers 26881, National Bureau of Economic Research, Inc.

    Cited by:

    1. Olivier Blanchard, 2025. "Convergence? Thoughts About the Evolution of Mainstream Macroeconomics over the Last 40 Years," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    2. Fabio Canova, 2024. "Should we trust cross‐sectional multiplier estimates?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(4), pages 589-606, June.
    3. Beuermann, Diether & Bottan, Nicolas L. & Hoffmann, Bridget & Jackson, C. Kirabo & Vera-Cossio, Diego A., 2021. "Does Education Prevent Job Loss during Downturns?: Evidence from Exogenous Schools Assignments and COVID-19 in Barbados," IDB Publications (Working Papers) 11608, Inter-American Development Bank.
    4. Schuyler Louie & John A. Mondragon & Johannes Wieland, 2025. "Supply Constraints do not Explain House Price and Quantity Growth Across U.S. Cities," NBER Working Papers 33576, National Bureau of Economic Research, Inc.
    5. Kieran P. Donaghy, 2021. "Implications for Regional Science of the “Rebuilding Macroeconomic Theory Projectâ€," International Regional Science Review, , vol. 44(3-4), pages 363-384, May.
    6. David Autor & David Dorn & Gordon H. Hanson, 2021. "On the Persistence of the China Shock," NBER Working Papers 29401, National Bureau of Economic Research, Inc.
    7. Hoyos, Mateo & Coronado, José Alejandro & Martins, Guilherme Klein, 2024. "Local and Spillover Effects of Trade on Structural Transformation: Evidence from Brazil," SocArXiv rfqvt, Center for Open Science.
    8. Diego Daruich & Julian Kozlowski, 2023. "Macroeconomic Implications of Uniform Pricing," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(3), pages 64-108, July.
    9. Böhm, Michael & Gregory, Terry & Qendrai, Pamela & Siegel, Christian, 2020. "Demographic change and regional labour markets," ZEW Discussion Papers 20-067, ZEW - Leibniz Centre for European Economic Research.
    10. Luigi Marattin & Tommaso Nannicini & Francesco Porcelli, 2022. "Revenue vs expenditure based fiscal consolidation: the pass-through from federal cuts to local taxes," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(4), pages 834-872, August.
    11. Konrad B. Burchardi & Thomas Chaney & Tarek Alexander Hassan & Lisa Tarquinio & Stephen J. Terry, 2020. "Immigration, Innovation, and Growth," NBER Working Papers 27075, National Bureau of Economic Research, Inc.
    12. Wall, Howard, 2022. "The Great, Greater, and Greatest Recessions of US States," MPRA Paper 112005, University Library of Munich, Germany.
    13. Timothy G. Conley & Bill Dupor & Rong Li & Yijiang Zhou, 2023. "Decomposing the Government Transfer Multiplier," Working Papers 2023-017, Federal Reserve Bank of St. Louis, revised 17 Nov 2023.
    14. 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.
    15. Jeremy Majerovitz & Karthik Sastry, 2023. "How Much Should We Trust Regional-Exposure Designs?," Working Papers 2023-018, Federal Reserve Bank of St. Louis.
    16. Hyunseung Oh & Choongryul Yang & Chamna Yoon, 2024. "Land development and frictions to housing supply over the business cycle," Finance and Economics Discussion Series 2024-010, Board of Governors of the Federal Reserve System (U.S.).
    17. Yui Kishaba & Tatsushi Okuda, 2023. "The Slope of the Phillips Curve for Service Prices in Japan: Regional Panel Data Approach," Bank of Japan Working Paper Series 23-E-8, Bank of Japan.
    18. Quincy, Sarah, 2022. "Income shocks and housing spillovers: Evidence from the World War I Veterans’ Bonus," Journal of Urban Economics, Elsevier, vol. 132(C).
    19. 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.

  8. Stéphane Dupraz & Emi Nakamura & Jón Steinsson, 2019. "A Plucking Model of Business Cycles," NBER Working Papers 26351, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ma, Chang & Rogers, John H. & Zhou, Sili, 2020. "Modern pandemics: Recession and recovery," BOFIT Discussion Papers 16/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Congressional Budget Office, 2022. "Quantifying the Uncertainty of Long-Term Economic Projections: Working Paper 2022-07," Working Papers 57711, Congressional Budget Office.
    3. Yusuf Mercan & Benjamin Schoefer & Petr Sedláček, 2020. "A Congestion Theory of Unemployment Fluctuations," CESifo Working Paper Series 8731, CESifo.
    4. de Groot, Oliver & Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Nikalexi, Katerina, 2020. "Monetary policy and regional inequality," Working Paper Series 2385, European Central Bank.
    5. Congressional Budget Office, 2022. "A Markov-Switching Model of the Unemployment Rate: Working Paper 2022-05," Working Papers 57582, Congressional Budget Office.
    6. Freund, L. B & Rendahl, P., 2020. "Unexpected Effects: Uncertainty, Unemployment, and Inflation," Cambridge Working Papers in Economics 2035, Faculty of Economics, University of Cambridge.
    7. Panovska, Irina & Ramamurthy, Srikanth, 2022. "Decomposing the output gap with inflation learning," Journal of Economic Dynamics and Control, Elsevier, vol. 136(C).
    8. Demirel, Ufuk Devrim & Otterson, James, 2023. "Quantifying the uncertainty of long-term macroeconomic projections," Journal of Macroeconomics, Elsevier, vol. 75(C).
    9. Bengui, Julien & Acharya, Sushant & Dogra, Keshav & Wee, Shu Lin, 2018. "Slow Recoveries and Unemployment Traps: Monetary Policy in a Time of Hysteresis," CEPR Discussion Papers 13409, C.E.P.R. Discussion Papers.
    10. Ekaterina S. Jardim & Gary Solon & Jacob L. Vigdor, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State," NBER Working Papers 25470, National Bureau of Economic Research, Inc.
    11. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    12. Lukas Freund & Hanbaek Lee & Pontus Rendahl, 2022. "Online Appendix to "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation"," Online Appendices 21-230, Review of Economic Dynamics.
    13. Emanuel Kohlscheen & Richhild Moessner & Daniel M. Rees, 2024. "The shape of business cycles: A cross‐country analysis of Friedman's plucking theory," Kyklos, Wiley Blackwell, vol. 77(2), pages 351-370, May.
    14. Consolo, Agostino & Koester, Gerrit & Nickel, Christiane & Porqueddu, Mario & Smets, Frank, 2021. "The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials," Occasional Paper Series 279, European Central Bank.
    15. Robert E. Hall & Marianna Kudlyak, 2020. "Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?," Working Paper Series 2020-20, Federal Reserve Bank of San Francisco.
    16. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan F. Rubio-Ramirez & Pål Ulvedal, 2021. "Estimating Hysteresis Effects," Finance and Economics Discussion Series 2021-059, Board of Governors of the Federal Reserve System (U.S.).
    17. Jisheng Yang & Nan Yang, 2023. "Macroeconomic shocks, investment volatility and centrality in global manufacturing network," Empirical Economics, Springer, vol. 65(3), pages 1433-1451, September.
    18. Andrés Rodríguez-Clare & Mauricio Ulate & Jose P. Vasquez, 2022. "Trade with Nominal Rigidities: Understanding the Unemployment and Welfare Effects of the China Shock," CESifo Working Paper Series 9982, CESifo.
    19. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    20. Kurt Graden Lunsford, 2020. "Recessions and the Trend in the US Unemployment Rate," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2021(01), pages 1-8, February.
    21. François Gourio & Phuong Ngo, 2024. "Downward Nominal Rigidities and Bond Premia," Working Paper Series WP 2024-09, Federal Reserve Bank of Chicago.
    22. Brad Hershbein & Bryan A. Stuart, 2024. "The Evolution of Local Labor Markets after Recessions," American Economic Journal: Applied Economics, American Economic Association, vol. 16(3), pages 399-435, July.
    23. Yoon J. Jo & Sarah Zubairy, 2021. "State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations," Working Papers 20210127-001, Texas A&M University, Department of Economics.
    24. Bernstein, Joshua & Richter, Alexander W. & Throckmorton, Nathaniel A., 2021. "Cyclical net entry and exit," European Economic Review, Elsevier, vol. 136(C).
    25. Mr. Jose L. Torres, 2020. "Youth Unemployment in Uruguay," IMF Working Papers 2020/281, International Monetary Fund.
    26. Daniel Gros, 2021. "High Public Debt in an Uncertain World: Post-Covid-19 Dangers for Public Finance," EconPol Policy Brief 38, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    27. Jackson, Laura E. & Kurt, Ezgi, 2025. "Downward wage rigidity and asymmetric effects of monetary policy," Journal of Macroeconomics, Elsevier, vol. 83(C).
    28. Tomaz Cajner & John Coglianese & Joshua Montes, 2021. "The Long-Lived Cyclicality of the Labor Force Participation Rate," Finance and Economics Discussion Series 2021-047, Board of Governors of the Federal Reserve System (U.S.).
    29. Freund, L. B. & Lee, H. & Rendahl, P., 2022. "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation," Cambridge Working Papers in Economics 2251, Faculty of Economics, University of Cambridge.
    30. 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.
    31. Jing Lian Suah, 2024. "The "plucking" model of the unemployment rate floor: Corss-country estimates and empirics," BIS Working Papers 1159, Bank for International Settlements.
    32. Fernando Barros & Fabio Gomes & Andre Luduvice, 2021. "The Welfare Costs of Business Cycles Unveiled: Measuring the Extent of Stabilization Policies," Working Papers 21-14R2, Federal Reserve Bank of Cleveland, revised 02 Mar 2023.
    33. Abbritti, Mirko & Consolo, Agostino & Weber, Sebastian, 2021. "Endogenous growth, downward wage rigidity and optimal inflation," Working Paper Series 2635, European Central Bank.
    34. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2025. "The Matching Function and Nonlinear Business Cycles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 349-376, March.
    35. Patrik Barisic & Tibor Kovac, 2022. "The effectiveness of the fiscal policy response to COVID-19 through the lens of short and long run labor market effects of COVID-19 measures," Public Sector Economics, Institute of Public Finance, vol. 46(1), pages 43-81.
    36. Stéphane Dupraz, 2024. "A Kinked‐Demand Theory of Price Rigidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(2-3), pages 325-363, March.
    37. Burgess, Matthew G. & Langendorf, Ryan E. & Ippolito, Tara & Pielke, Roger Jr, 2020. "Optimistically biased economic growth forecasts and negatively skewed annual variation," SocArXiv vndqr, Center for Open Science.
    38. Elroukh, Ahmed W. & Nikolsko-Rzhevskyy, Alex & Panovska, Irina, 2020. "A look at jobless recoveries in G7 countries," Journal of Macroeconomics, Elsevier, vol. 64(C).
    39. Pál, Tibor & Storti, Giuseppe, 2025. "Estimating the R-Star in the US: A Score-Driven State-Space Model with Time-Varying Volatility Persistence," MPRA Paper 125338, University Library of Munich, Germany.
    40. Matthew Knowles & Mario Lupoli, 2023. "The Nash Wage Elasticity and its Business Cycle Implications," ECONtribute Discussion Papers Series 240, University of Bonn and University of Cologne, Germany.
    41. Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2016. "Escaping Unemployment Traps," Liberty Street Economics 20161116, Federal Reserve Bank of New York.
    42. Piero Ferri & Fabio Tramontana, 2022. "Autonomous demand, multiple equilibria and unemployment dynamics," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(1), pages 209-223, January.
    43. Andrew Fieldhouse & Sean Howard & Mr. Christoffer Koch & David Munro, 2022. "A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States," IMF Working Papers 2022/117, International Monetary Fund.
    44. Olivier J. Blanchard, 2017. "Should we Get rid of the Natural Rate Hypothesis?," NBER Working Papers 24057, National Bureau of Economic Research, Inc.
    45. Benigno, Pierpaolo & Rossi, Lorenza, 2021. "Asymmetries in Monetary Policy," CEPR Discussion Papers 15944, C.E.P.R. Discussion Papers.
    46. Isabel Cairo & Jae Sim, 2017. "Income Inequality, Financial Crises and Monetary Policy," 2017 Meeting Papers 1433, Society for Economic Dynamics.
    47. Hartley, Jonathan S., 2021. "Friedman’s plucking model: New international evidence from Maddison Project data," Economics Letters, Elsevier, vol. 199(C).
    48. Adrian Penalver & Daniele Siena, 2021. "The Deflationary Bias of the ZLB and the FED s Strategic Response," Working papers 843, Banque de France.
    49. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2021. "Nonlinear Search and Matching Explained," Working Papers 2106, Federal Reserve Bank of Dallas.
    50. Guisinger, Amy Y. & Owyang, Michael T. & Soques, Daniel, 2024. "Industrial Connectedness and Business Cycle Comovements," Econometrics and Statistics, Elsevier, vol. 29(C), pages 132-149.
    51. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2020. "Entry and Exit, Unemployment, and the Business Cycle," Working Papers 2018, Federal Reserve Bank of Dallas, revised 12 Jan 2021.
    52. Ian Dew‐Becker, 2023. "Tail Risk in Production Networks," Econometrica, Econometric Society, vol. 91(6), pages 2089-2123, November.

  9. Masao Fukui & Emi Nakamura & Jón Steinsson, 2018. "Women, Wealth Effects, and Slow Recoveries," NBER Working Papers 25311, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kathrin Ellieroth, 2019. "Spousal Insurance, Precautionary Labor Supply, and the Business Cycle - A Quantitative Analysis," 2019 Meeting Papers 1134, Society for Economic Dynamics.
    2. Erzo G. J. Luttmer, 2019. "Slow Convergence in Economies with Organization Capital," Staff Report 585, Federal Reserve Bank of Minneapolis.
    3. Alexandre Janiak & Jonathan Rojas Hepburn, 2023. "The Grasshopper, the Ant, and the Minimum Wage," Documentos de Trabajo 570, Instituto de Economia. Pontificia Universidad Católica de Chile..
    4. Nezih Guner & Yuliya Kulikova & Arnau Valladares-Esteban, 2025. "Does the Added Worker Effect Matter?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    5. Coskun, Sena & Dalgic, Husnu C., 2024. "The emergence of procyclical fertility: The role of breadwinner women," Journal of Monetary Economics, Elsevier, vol. 142(C).
    6. Joseph G. Altonji & Disa M. Hynsjö & Ivan Vidangos, 2022. "Individual Earnings and Family Income: Dynamics and Distribution," NBER Working Papers 30095, National Bureau of Economic Research, Inc.
    7. Stefania Albanesi, 2019. "Changing Business Cycles: The Role of Women's Employment," Working Paper 6608, Department of Economics, University of Pittsburgh.
    8. Francesco Bianchi & Giovanni Nicolò & Dongho Song, 2023. "Inflation and Real Activity over the Business Cycle," NBER Working Papers 31075, National Bureau of Economic Research, Inc.
    9. Iwasaki, Yuto & Kubota, Hiroyuki & Muto, Ichiro & Shintani, Mototsugu, 2025. "Monetary policy, labor force participation, and wage rigidity," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    10. Asiimire Donath & Gertrude Fester & Medard Twinamatsiko & Benard Nuwatuhaire, 2021. "Women’s employment and the changing family pattern in Ankole Sub-region- Uganda," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(12), pages 323-335, December.
    11. Margarida Duarte, 2020. "Services and the Decline of the U.S. Employment-to-Population Ratio," Working Papers tecipa-653, University of Toronto, Department of Economics.

  10. Jon Steinsson & Emi Nakamura & Alisdair McKay & Adam Guren, 2017. "The Long View of Housing Wealth Effects," 2017 Meeting Papers 1234, Society for Economic Dynamics.

    Cited by:

    1. Emi Nakamura & Jón Steinsson, 2018. "Identification in Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 59-86, Summer.

  11. Emi Nakamura & Jón Steinsson, 2017. "Identification in Macroeconomics," NBER Working Papers 23968, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fagereng, Andreas & Onshuus, Helene & Torstensen, Kjersti N., 2024. "The consumption expenditure response to unemployment: Evidence from Norwegian households," Journal of Monetary Economics, Elsevier, vol. 146(C).
    2. Briggs, Joseph & Cesarini, David & Lindqvist, Erik & Östling, Robert, 2015. "Windfall Gains and Stock Market Participation," Working Paper Series 1092, Research Institute of Industrial Economics.
    3. Barnichon, Regis & Mesters, Geert, 2021. "The Phillips multiplier," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 689-705.
    4. Ray C. Fair, 2019. "Some Important Macro Points," Cowles Foundation Discussion Papers 2165R, Cowles Foundation for Research in Economics, Yale University, revised Jul 2019.
    5. Christian Moser & Farzad Saidi & Benjamin Wirth & Stefanie Wolter, 2024. "Credit Supply, Firms, and Earnings Inequality," CRC TR 224 Discussion Paper Series crctr224_2024_558, University of Bonn and University of Mannheim, Germany.
    6. Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019. "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers 13597, C.E.P.R. Discussion Papers.
    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.
    8. Besley, Timothy & Van Reenen, John & Roland, Isabelle, 2020. "The aggregate consequences of default risk: evidence from firm-level data," Working Paper Series 2425, European Central Bank.
    9. Marjan Petreski & Stefan Tanevski, 2023. "Bargain your share: The role of workers bargaining power for labor share, with reference to transition economies," Papers 2310.04904, arXiv.org.
    10. Mody, Ashoka & Nedeljkovic, Milan, 2024. "Central bank policies and financial markets: Lessons from the euro crisis," Journal of Banking & Finance, Elsevier, vol. 158(C).
    11. Schrimpf, Paul & Kearns, Jonathan & Ferrari, Massimo, 2017. "Monetary policy's rising FX impact in the era of ultra-low rates," CEPR Discussion Papers 11918, C.E.P.R. Discussion Papers.
    12. Claudius Graebner & Philipp Heimberger & Jakob Kapeller & Bernhard Schuetz, 2018. "Structural change in times of increasing openness: assessing path dependency in European economic integration," ICAE Working Papers 76, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    13. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020. "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers 202015, University of Barcelona, Research Institute of Applied Economics, revised Oct 2020.
    14. Knut Are Aastveit & Andr K. Anundsen, 2017. "Asymmetric effects of monetary policy in regional housing markets," Working Papers No 7/2017, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    15. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    16. Michele Giammatteo & Stefano Iezzi & Roberta Zizza, 2021. "Pecunia olet. Cash usage and the underground economy," Questioni di Economia e Finanza (Occasional Papers) 649, Bank of Italy, Economic Research and International Relations Area.
    17. Carriere-Swallow, Yan & Deb, Pragyan & Furceri, Davide & Jiménez, Daniel & Ostry, Jonathan D., 2022. "Shipping Costs and Inflation," CEPR Discussion Papers 17259, C.E.P.R. Discussion Papers.
    18. Hanming Fang & Yongqin Wang & Xian Wu, 2020. "The Collateral Channel of Monetary Policy: Evidence from China," PIER Working Paper Archive 20-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    19. Sheng, Xin & Kim, Won Joong & Gupta, Rangan & Ji, Qiang, 2023. "The impacts of oil price volatility on financial stress: Is the COVID-19 period different?," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 520-532.
    20. Schmitz, Tom & Colantone, Italo & Ottaviano, Gianmarco, 2024. "Regional and Aggregate Economic Consequences of Environmental Policy," CEPR Discussion Papers 19221, C.E.P.R. Discussion Papers.
    21. Giraldo, Carlos & Giraldo, Iader & Gomez-Gonzalez, Jose E. & Uribe, Jorge M., 2025. "US uncertainty shocks, credit, production, and prices: The case of fourteen Latin American countries," Research in International Business and Finance, Elsevier, vol. 78(C).
    22. Ayhan Kose & Jongrim Ha & Dohan Kim & Prasad,Eswar S., 2024. "Resolving Puzzles of Monetary Policy Transmission in Emerging Markets," Policy Research Working Paper Series 10974, The World Bank.
    23. Oikonomou, Myrto & Pierri, Nicola & Timmer, Yannick, 2023. "IT shields: Technology adoption and economic resilience during the COVID-19 pandemic," Labour Economics, Elsevier, vol. 81(C).
    24. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    25. Simon Freyaldenhoven & Christian Hansen, 2025. "(Visualizing) Plausible Treatment Effect Paths," Papers 2505.12014, arXiv.org.
    26. Philipp Roderweis & Jamel Saadaoui & Francisco Serranito, 2023. "Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process," Working Papers hal-04159825, HAL.
    27. Brzezinski, Adam & Palma, Nuno & Velde, François R., 2024. "Understanding money using historical evidence," LSE Research Online Documents on Economics 125356, London School of Economics and Political Science, LSE Library.
    28. J. Carter Braxton & Nisha Chikhale & Kyle F. Herkenhoff & Gordon M. Phillips, 2024. "Intergenerational Mobility and Credit," NBER Working Papers 32031, National Bureau of Economic Research, Inc.
    29. Peydró, José-Luis & Sette, Enrico & Michelangeli, Valentina, 2020. "Credit demand vs. supply channels: Experimental- and administrative-based evidence," CEPR Discussion Papers 15276, C.E.P.R. Discussion Papers.
    30. Pao-Lin Tien & Tara M. Sinclair & Edward N. Gamber, 2016. "Do Fed Forecast Errors Matter?," Working Papers 2016-007, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    31. Pierri Damian, 2024. "Accuracy in Recursive Minimal State Space Methods," Computational Economics, Springer;Society for Computational Economics, vol. 64(1), pages 263-305, July.
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    177. Curti, Filippo & Kazinnik, Sophia, 2023. "Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 110-126.
    178. 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.

  12. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2016. "The Discounted Euler Equation: A Note," NBER Working Papers 22129, National Bureau of Economic Research, Inc.

    Cited by:

    1. Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019. "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France, Working Paper Series no. 736, Banque de France," Working Papers hal-02400611, HAL.
    2. Bilbiie, Florin, 2016. "Optimal Forward Guidance," CEPR Discussion Papers 11251, C.E.P.R. Discussion Papers.
    3. Holden, Tom D., 2022. "Existence and uniqueness of solutions to dynamic models with occasionally binding constraints," Discussion Papers 09/2022, Deutsche Bundesbank.
    4. Oliver de Groot & Alexander Haas, 2022. "The Signalling Channel of Negative Interest Rates," Discussion Papers of DIW Berlin 1990, DIW Berlin, German Institute for Economic Research.
    5. Dario Bonciani & Joonseok Oh, 2021. "Revisiting the New Keynesian policy paradoxes under QE," Bank of England working papers 908, Bank of England.
    6. Taylor, John, 2018. "Taylor Rules and Forward Guidance: A Rule is not a Path," CEPR Discussion Papers 13383, C.E.P.R. Discussion Papers.
    7. Sushant Acharya & Keshav Dogra, 2020. "Understanding HANK: Insights From a PRANK," Econometrica, Econometric Society, vol. 88(3), pages 1113-1158, May.
    8. Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025. "The New Keynesian Climate Model," EconomiX Working Papers 2025-1, University of Paris Nanterre, EconomiX.
    9. Lilia Maliar & John B. Taylor, 2019. "Forward Guidance: Is It Useful Away from the Lower Bound?," NBER Working Papers 26053, National Bureau of Economic Research, Inc.
    10. Beqiraj, Elton & Di Bartolomeo, Giovanni & Di Pietro, Marco, 2019. "Beliefs formation and the puzzle of forward guidance power," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 20-32.
    11. Callum Jones & Mariano Kulish & Daniel M. Rees, 2018. "International Spillovers of Forward Guidance Shocks," IMF Working Papers 2018/114, International Monetary Fund.
    12. Nakata, Taisuke & Schmidt, Sebastian & Budianto, Flora, 2020. "Average inflation targeting and the interest rate lower bound," Working Paper Series 2394, European Central Bank.
    13. Dennery, Charles, 2019. "Dampened expectations in the Phillips Curve: a note," MPRA Paper 98189, University Library of Munich, Germany.
    14. Guido Ascari & Sophocles Mavroeidis & Nigel McClung, 2022. "Coherence without Rationality at the Zero Lower Bound," Papers 2208.02073, arXiv.org, revised Oct 2023.
    15. Martin Bodenstein & Junzhu Zhao, 2017. "On Targeting Frameworks and Optimal Monetary Policy," Finance and Economics Discussion Series 2017-098, Board of Governors of the Federal Reserve System (U.S.).
    16. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    17. Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018. "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers 491, Society for Economic Dynamics.
    18. Jordi Galí, 2018. "The State of New Keynesian Economics: A Partial Assessment," NBER Working Papers 24845, National Bureau of Economic Research, Inc.
    19. Jeffrey R. Campbell & Jacob P. Weber, 2018. "Discretion Rather than Rules: Equilibrium Uniqueness and Forward Guidance with Inconsistent Optimal Plans," Working Paper Series WP-2018-14, Federal Reserve Bank of Chicago.
    20. Olivier Loisel, 2025. "New Principles For Stabilization Policy," Working Papers hal-04892305, HAL.
    21. Ippei Fujiwara & Yuichiro Waki, 2022. "The Delphic forward guidance puzzle in New Keynesian models," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 280-301, October.
    22. Sebastian Gechert, 2023. "Fiscal policy: post- or New Keynesian?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 338-355, November.
    23. Diba, Behzad & Loisel, Olivier, 2021. "Pegging the interest rate on bank reserves: A resolution of New Keynesian puzzles and paradoxes," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 230-244.
    24. Gerke, Rafael & Giesen, Sebastian & Scheer, Alexander, 2020. "The power of forward guidance in a quantitative TANK model," Economics Letters, Elsevier, vol. 186(C).
    25. Andrew Glover, 2018. "Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound," 2018 Meeting Papers 1285, Society for Economic Dynamics.
    26. Ding Dong & Zheng Liu & Pengfei Wang & Min Wei, 2025. "Inflation Disagreement Weakens the Power of Monetary Policy," Working Paper Series 2024-27, Federal Reserve Bank of San Francisco.
    27. Evans, David & Evans, George W. & McGough, Bruce, 2022. "The RPEs of RBCs and other DSGEs," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    28. Kevin J. Lansing, 2019. "Endogenous Forecast Switching Near the Zero Lower Bound," Working Paper Series 2017-24, Federal Reserve Bank of San Francisco.
    29. Cristiano Cantore & Lukas Freund, 2020. "Workers, capitalists, and the government: fiscal policy and income (re)distribution," Bank of England working papers 858, Bank of England.
    30. Pascal Michaillat & Emmanuel Saez, 2024. "Beveridgean Phillips Curve," Papers 2401.12475, arXiv.org, revised Oct 2024.
    31. Byoungchan Lee, 2020. "Business Cycles and Earnings Inequality," HKUST CEP Working Papers Series 202001, HKUST Center for Economic Policy.
    32. Nakata, Taisuke & Ogaki, Ryota & Schmidt, Sebastian & Yoo, Paul, 2019. "Attenuating the forward guidance puzzle: Implications for optimal monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 90-106.
    33. Naubert, Christopher, 2019. "Monetary Policy and Redistribution: A Look under the Hatch with TANK," CEPR Discussion Papers 14159, C.E.P.R. Discussion Papers.
    34. Bonciani, Dario & Oh, Joonseok, 2025. "Optimal monetary policy mix at the zero lower bound," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    35. Bilbiie, Florin, 2017. "The Puzzle, the Power, and the Dark Side: Forward Guidance Redux," CEPR Discussion Papers 12231, C.E.P.R. Discussion Papers.
    36. Glover, Andrew, 2019. "Aggregate effects of minimum wage regulation at the zero lower bound," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 114-128.
    37. Alloza, Mario & Ferdinandusse, Marien & Jacquinot, Pascal & Schmidt, Katja, 2020. "Fiscal expenditure spillovers in the euro area: an empirical and model-based assessment," Occasional Paper Series 240, European Central Bank.
    38. Hochmuth, Brigitte & Moyen, Stephane & Stähler, Nikolai, 2019. "Labor market reforms, precautionary savings, and global imbalances," Discussion Papers 13/2019, Deutsche Bundesbank.
    39. George-Marios Angeletos & Chen Lian, 2021. "Determinacy without the Taylor Principle," NBER Working Papers 28881, National Bureau of Economic Research, Inc.
    40. Nicolas Caramp & Dejanir Silva, 2023. "Fiscal Policy and the Monetary Transmission Mechanism," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 716-746, December.
    41. Holden, Tom D., 2024. "Robust Real Rate Rules," EconStor Preprints 279481, ZBW - Leibniz Information Centre for Economics, revised 2024.
    42. Ansgar Rannenberg, 2019. "Forward guidance with preferences over safe assets," Working Paper Research 364, National Bank of Belgium.
    43. Gáti, Laura, 2023. "Monetary policy & anchored expectations—An endogenous gain learning model," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 37-47.
    44. Dunbar, Kwamie & Owusu-Amoako, Johnson, 2021. "The impact of hedging on risk-averse agents’ output decisions," Economic Modelling, Elsevier, vol. 104(C).
    45. Dario Bonciani & Joonseok Oh, 2020. "Monetary policy inertia and the paradox of flexibility," Bank of England working papers 888, Bank of England.
    46. Airaudo, Marco, 2025. "Temptation-driven preferences: A resolution to New Keynesian anomalies," European Economic Review, Elsevier, vol. 172(C).
    47. Christiaan Kwaak, 2024. "Old-Keynesianism in the New Keynesian Model," De Economist, Springer, vol. 172(3), pages 167-232, September.
    48. Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel, 2020. "Interest rate pegs and the reversal puzzle: On the role of anticipation," Discussion Papers 50/2020, Deutsche Bundesbank.
    49. Marco Airaudo, 2017. "Temptation and Forward Guidance," School of Economics Working Paper Series 2017-4, LeBow College of Business, Drexel University.
    50. Airaudo, Marco, 2020. "Temptation and forward-guidance," Journal of Economic Theory, Elsevier, vol. 186(C).
    51. Jordi Galí, 2020. "Uncovered Interest Parity, Forward Guidance and the Exchange Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S2), pages 465-496, December.
    52. Lawrence J. Christiano, 2017. "Comment on "Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound"," NBER Chapters, in: NBER Macroeconomics Annual 2017, volume 32, pages 227-245, National Bureau of Economic Research, Inc.
    53. Jordi Galí, 2018. "Uncovered Interest Parity, Forward Guidance and the Exchange Rate," Working Papers 1021, Barcelona School of Economics.
    54. Damjan Pfajfar & John M. Roberts, 2018. "The Role of Expectations in Changed Inflation Dynamics," Finance and Economics Discussion Series 2018-062, Board of Governors of the Federal Reserve System (U.S.).
    55. Ji, Yangyang, 2022. "Can Discounting Alone Resolve the Forward Guidance Puzzle?," MPRA Paper 115353, University Library of Munich, Germany.
    56. Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019. "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France," Working papers 736, Banque de France.
    57. Roulleau-Pasdeloup, Jordan, 2020. "Optimal monetary policy and determinacy under active/passive regimes," European Economic Review, Elsevier, vol. 130(C).
    58. Maliar, Lilia & Taylor, John B., 2024. "Odyssean forward guidance in normal times," Journal of Economic Dynamics and Control, Elsevier, vol. 165(C).
    59. Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel & Tenhofen, Jörn, 2017. "Interest-rate pegs, central bank asset purchases and the reversal puzzle," Discussion Papers 21/2017, Deutsche Bundesbank.
    60. Bilbiie, Florin O., 2020. "The New Keynesian cross," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 90-108.
    61. Eusepi, Stefano & Gibbs, Chris & Preston, Bruce, 2021. "Forward guidance with unanchored expectations," Bank of Finland Research Discussion Papers 11/2021, Bank of Finland.
    62. Nicolas Caramp & Dejanir H. Silva, 2021. "Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity," Working Papers 341, University of California, Davis, Department of Economics.
    63. Ascari, Guido & Magnusson, Leandro M. & Mavroeidis, Sophocles, 2021. "Empirical evidence on the Euler equation for consumption in the US," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 129-152.

  13. Emi Nakamura & Jósef Sigurdsson & Jón Steinsson, 2016. "The Gift of Moving: Intergenerational Consequences of a Mobility Shock," NBER Working Papers 22392, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sezer, Ayse Hazal, 2022. "The Legacy of School Shootings : The Long-Term and Intergenerational Effects," Discussion Paper 2022-018, Tilburg University, Center for Economic Research.
    2. Suzanne Bellue, 2024. "Why Don’t Poor Families Move? A Spatial Equilibrium Analysis of Parental Decisions with Social Learning," Working Papers 2024-07, Center for Research in Economics and Statistics.
    3. Clemens, Michael A. & Mendola, Mariapia, 2020. "Migration from Developing Countries: Selection, Income Elasticity, and Simpson's Paradox," IZA Discussion Papers 13612, Institute of Labor Economics (IZA).
    4. David Lagakos & Samuel Marshall & Ahmed Mushfiq Mobarak & Corey Vernot & Michael E. Waugh, 2020. "Migration Costs and Observational Returns to Migration in the Developing World," NBER Working Papers 26868, National Bureau of Economic Research, Inc.
    5. Sascha Becker & Irena Grosfeld & Pauline Grosjean & Nico Voigtländer & Ekaterina Zhuravskaya, 2020. "Forced Migration and Human Capital: Evidence from Post-WWII Population Transfers," Post-Print halshs-03247977, HAL.
    6. Johannes Weber, 2025. "Local Unemployment, Worker Mobility and Labor Market Outcomes: Evidence from Germany," CRC TR 224 Discussion Paper Series crctr224_2025_662, University of Bonn and University of Mannheim, Germany.
    7. J. Carter Braxton & Nisha Chikhale & Kyle F. Herkenhoff & Gordon M. Phillips, 2024. "Intergenerational Mobility and Credit," NBER Working Papers 32031, National Bureau of Economic Research, Inc.
    8. Farrokhi, Farid & Jinkins, David, 2024. "Root growing and path dependence in location choice: Evidence from Danish refugee placement," Regional Science and Urban Economics, Elsevier, vol. 105(C).
    9. Mike Zabek, 2024. "Local Ties in Spatial Equilibrium," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(2), pages 287-317, April.
    10. Hamory Hicks, Joan & Kleemans, Marieke & Li, Nicholas & Miguel, Edward, 2017. "Reevaluating Agricultural Productivity Gaps with Longitudinal Microdata," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258015, Agricultural and Applied Economics Association.
    11. Julia Fonseca & Lu Liu, 2024. "Mortgage Lock‐In, Mobility, and Labor Reallocation," Journal of Finance, American Finance Association, vol. 79(6), pages 3729-3772, December.
    12. Zhang, Li & Xie, Lunyu & Zheng, Xinye, 2023. "Across a few prohibitive miles: The impact of the Anti-Poverty Relocation Program in China," Journal of Development Economics, Elsevier, vol. 160(C).
    13. Porzio, Tommaso & Rossi, Federico & Santangelo, Gabriella, 2020. "The Human Side of Structural Transformation," The Warwick Economics Research Paper Series (TWERPS) 1297, University of Warwick, Department of Economics.
    14. Murard, Elie, 2023. "Long-term effects of the 1923 mass refugee inflow on social cohesion in Greece," World Development, Elsevier, vol. 170(C).
    15. Hanna M. Schwank, 2024. "Disruptive Effects of Natural Disasters: The 1906 San Francisco Fire," ECONtribute Discussion Papers Series 312, University of Bonn and University of Cologne, Germany.
    16. Fabio Braggion & Felix von Meyerinck & Nic Schaub & Michael Weber, 2024. "The Long-term Effects of Inflation on Inflation Expectations," NBER Working Papers 32160, National Bureau of Economic Research, Inc.
    17. Lin, Pengsheng & Pan, Yinghao & Wang, Yuan & Hu, Longhai, 2024. "Reshaping unfairness perceptions: Evidence from China's Hukou reform," China Economic Review, Elsevier, vol. 83(C).
    18. Gerhard Toews & Pierre-Louis Vézina, 2025. "Enemies of the People," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 310-342, January.
    19. Sigurdsson, Jósef, 2023. "Transitory Earnings Opportunities and Educational Scarring of Men," IZA Discussion Papers 16050, Institute of Labor Economics (IZA).
    20. Becker, Sascha O. & Ferrara, Andreas, 2019. "Consequences of forced migration: A survey of recent findings," Labour Economics, Elsevier, vol. 59(C), pages 1-16.
    21. Qingen Gai & Naijia Guo & Bingjing Li & Qinghua Shi & Xiaodong Zhu, 2021. "Migration Costs, Sorting, and the Agricultural Productivity Gap," Working Papers tecipa-693, University of Toronto, Department of Economics.
    22. Serratos-Sotelo, Luis, 2021. "The Long-Term Effects of Forced Migration: An Early-Life Approach with Evidence from Yugoslavian Refugees in Sweden," Lund Papers in Economic History 228, Lund University, Department of Economic History.
    23. Jósef Sigurdsson, 2023. "Transitory Earnings Opportunities and Educational Scarring of Men," CESifo Working Paper Series 10361, CESifo.
    24. William J. Collins & Ariell Zimran, 2018. "The Economic Assimilation of Irish Famine Migrants to the United States," NBER Working Papers 25287, National Bureau of Economic Research, Inc.
    25. Arellano-Bover, Jaime, 2019. "Displacement, Diversity, and Mobility: Career Impacts of Japanese American Internment," IZA Discussion Papers 12554, Institute of Labor Economics (IZA).
    26. KARBOWNIK, Krzysztof & WRAY, Anthony & レイ, アンソニ, 2016. "Long-run Consequences of Exposure to Natural Disasters," Discussion paper series HIAS-E-36, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    27. Jimena Villanueva Kiser & Riley Wilson, 2024. "DACA, Mobility Investments, and Economic Outcomes of Immigrants and Natives," Upjohn Working Papers 24-395, W.E. Upjohn Institute for Employment Research.
    28. Braun, Sebastian T. & Dwenger, Nadja, 2020. "Settlement location shapes the integration of forced migrants: Evidence from post-war Germany⁎," Explorations in Economic History, Elsevier, vol. 77(C).
    29. Oskari Harjunen & Tuukka Saarimaa & Janne Tukiainen, 2021. "Love Thy (Elected) Neighbor? Residential Segregation, Political Representation and Local Public Goods," Discussion Papers 138, Aboa Centre for Economics.
    30. Sezer, Ayse Hazal, 2022. "The Legacy of School Shootings : The Long-Term and Intergenerational Effects," Other publications TiSEM a7ae0538-c8ae-4e3e-94f2-b, Tilburg University, School of Economics and Management.
    31. Sigurdsson,Jósef & Jósef Sigurdsson, 2025. "Transitory Earnings Opportunities and Educational Scarring of Men," CESifo Working Paper Series 11807, CESifo.
    32. Huang, Wei & Luo, Mi & Ta, Yuqi & Wang, Boxian, 2024. "Land expropriation, household behaviors, and health outcomes: Evidence from China," Journal of Development Economics, Elsevier, vol. 171(C).
    33. Schwank, Hanna, 2024. "Childhood migration and educational attainment: Evidence from Indonesia," Journal of Development Economics, Elsevier, vol. 171(C).
    34. Barabasch, Anton & Cygan-Rehm, Kamila & Heineck, Guido & Vogler, Sebastian, 2025. "The Untold Story of Internal Migration in Germany: Life-Cycle Patterns, Developments, and the Role of Education," IZA Discussion Papers 17948, Institute of Labor Economics (IZA).
    35. Xiaohe Zhou & Mingda Cheng & Chunhui Ye, 2023. "The Impact of Household Migration on the Intergenerational Educational Mobility: Based on the Perspective of Adolescent Development," IJERPH, MDPI, vol. 20(6), pages 1-13, March.
    36. Zachary Ward, 2019. "Internal Migration, Education and Upward Rank Mobility:Evidence from American History," CEH Discussion Papers 04, Centre for Economic History, Research School of Economics, Australian National University.
    37. Sezer, Ayse Hazal, 2024. "Historical and contemporary perspectives on labor," Other publications TiSEM 88c702e1-8259-4424-b68a-d, Tilburg University, School of Economics and Management.

  14. Emi Nakamura & Jón Steinsson & Patrick Sun & Daniel Villar, 2016. "The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation," NBER Working Papers 22505, National Bureau of Economic Research, Inc.

    Cited by:

    1. Adolfsen, Jakob Feveile & Ferrari Minesso, Massimo & Mork, Jente Esther & Van Robays, Ine, 2024. "Gas price shocks and euro area inflation," Journal of International Money and Finance, Elsevier, vol. 149(C).
    2. Richard Davies, 2021. "Prices and inflation in a pandemic - a micro data approach," CEP Covid-19 Analyses cepcovid-19-017, Centre for Economic Performance, LSE.
    3. Fernando E. Alvarez & Francesco Lippi, 2021. "The Analytic Theory of a Monetary Shock," NBER Working Papers 28464, National Bureau of Economic Research, Inc.
    4. Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2023. "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 506-520, December.
    5. Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
    6. D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2021. "Managing households' expectations with unconventional policies," Working Paper Series in Economics 148, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    7. Lennard, Jason, 2021. "Sticky wages and the Great Depression: Evidence from the United Kingdom," eabh Papers 21-01, The European Association for Banking and Financial History (EABH).
    8. Rabitsch-Schilcher, Katrin & Marsal, Ales & Kaszab, Lorant, 2023. "From Linear to Nonlinear: Rethinking Inflation Dynamics in the Calvo Pricing Mechanism," Department of Economics Working Paper Series 350, WU Vienna University of Economics and Business.
    9. Guido Ascari & Paolo Bonomolo & Qazi Haque, 2023. "The Long-Run Phillips Curve is ... a Curve," CAMA Working Papers 2023-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Taoxiong Liu & Huolan Cheng & Jianping Liu & Zhen Sun, 2025. "Online Market Resilience to Economic Shocks: Evidence Based on Price Dispersion from the COVID-19 Outbreak in China," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 66(3), pages 397-413, March.
    11. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    12. Alberto Cavallo & Oleksiy Kryvtsov, 2024. "Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge," Staff Working Papers 24-31, Bank of Canada.
    13. Kazuko Kano & Takashi Kano, 2021. "Welfare Costs of Exchange Rate Fluctuations: Evidence from the 1972 Okinawa Reversion," CIRJE F-Series CIRJE-F-1179, CIRJE, Faculty of Economics, University of Tokyo.
    14. 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.
    15. Wagner, Joel & Schlanger, Tudor & Zhang, Yang, 2023. "A horse race of alternative monetary policy regimes under bounded rationality," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    16. Sourav Ray & Avichai Snir & Daniel Levy, 2023. "Retail pricing format and rigidity of regular prices," Economica, London School of Economics and Political Science, vol. 90(360), pages 1173-1203, October.
    17. Michael T. Kiley & John M. Roberts, 2017. "Monetary Policy in a Low Interest Rate World," Finance and Economics Discussion Series 2017-080, Board of Governors of the Federal Reserve System (U.S.).
    18. Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2020. "Monetary Policy and Macroeconomic Stability Revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 255-274, July.
    19. Tiziano Ropele & Yuriy Gorodnichenko & Olivier Coibion, 2024. "Inflation Expectations and Misallocation of Resources: Evidence from Italy," American Economic Review: Insights, American Economic Association, vol. 6(2), pages 246-261, June.
    20. Chen, Haixia & Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2023. "UK Monetary Policy in An Estimated DSGE Model with State-Dependent Price and Wage Contracts," Cardiff Economics Working Papers E2023/22, Cardiff University, Cardiff Business School, Economics Section.
    21. Robert J. Tetlow, 2022. "How Large is the Output Cost of Disinflation?," Finance and Economics Discussion Series 2022-079, Board of Governors of the Federal Reserve System (U.S.).
    22. Effiong, Ubong Edem & Akpan, Ekomabasi & Ekpe, John Polycarp, 2022. "Testing the Validity of the Inflation-Unemployment Nexus within the West African Monetary Zone," MPRA Paper 119722, University Library of Munich, Germany, revised 08 Aug 2022.
    23. Christian Beer & Robert Ferstl & Bernhard Graf & Fabio Rumler, 2023. "Grocery price setting in times of high inflation: what webscraped data tell us," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/22-Q1/, pages 43-54.
    24. Cairó, Isabel & Sim, Jae, 2024. "Market power, inequality, and financial instability," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    25. Cecion, Martina & Coenen, Günter & Gerke, Rafael & Le Bihan, Hervé & Motto, Roberto & Aguilar, Pablo & Ajevskis, Viktors & Giesen, Sebastian & Albertazzi, Ugo & Gilbert, Niels & Al-Haschimi, Alexander, 2021. "The ECB’s price stability framework: past experience, and current and future challenges," Occasional Paper Series 269, European Central Bank.
    26. Konchitchki, Yaniv & Xie, Jin, 2023. "Undisclosed material inflation risk," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 82-100.
    27. Philippe Andrade & Jordi Gali & Hervé Le Bihan & Julien Matheron, 2021. "Should the ECB Adjust its Strategy in the Face of a Lower r*?," Working papers 811, Banque de France.
    28. Hobijn, Bart & Nechio, Fernanda & Shapiro, Adam Hale, 2021. "Using Brexit to identify the nature of price rigidities," Journal of International Economics, Elsevier, vol. 130(C).
    29. Francesco D’Acunto & Daniel Hoang & Michael Weber, 2016. "The Effect of Unconventional Fiscal Policy on Consumption Expenditure," NBER Working Papers 22563, National Bureau of Economic Research, Inc.
    30. Lorant Kaszab & Ales Marsal & Katrin Rabitsch, 2020. "Trend inflation meets macro-finance: the puzzling behavior of price dispersion," Department of Economics Working Papers wuwp304, Vienna University of Economics and Business, Department of Economics.
    31. Pedro Elosegui & Máximo Sangiácomo, 2024. "Firm's Price Expectations: An Empirical Analysis using BCRAs' Survey of Business Economic Perspectives," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(83), pages 97-116, May.
    32. Rodrigo Cerda & Alvaro Silva & Rolf Lüders, 2021. "Price controls, hyperinflation, and the inflation–relative price variability relationship," Empirical Economics, Springer, vol. 61(4), pages 1725-1748, October.
    33. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    34. Julien Matheron & Philippe Andrade & Hervé Le Bihan & Jordi Galí, 2017. "The Optimal Inflation Target and the Natural Rate of Interest," Working Papers 1009, Barcelona School of Economics.
    35. Francesco D'Acunto & Daniel Hoang & Michael Weber & Michael Weber, 2019. "Managing Households' Expectations with Salient Economic Policies," CESifo Working Paper Series 7793, CESifo.
    36. Louis Phaneuf & Jean Gardy Victor, 2019. "Long‐Run Inflation and the Distorting Effects of Sticky Wages and Technical Change," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 5-42, February.
    37. Nicholas Apergis & Christos Bouras, 2023. "Household choices on investing in financial risky assets: Do national institutional factors have their own merit?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 405-420, January.
    38. Drenik, Andrés & Perez, Diego J., 2020. "Price setting under uncertainty about inflation," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 23-38.
    39. Francesco Bianchi & Leonardo Melosi & Matthias Rottner, 2019. "Hitting the Elusive Inflation Target," NBER Working Papers 26279, National Bureau of Economic Research, Inc.
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    41. Gee Hee Hong & Matthew Klepacz & Ernesto Pasten & Raphael Schoenle, 2020. "The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments," Working Papers Central Bank of Chile 875, Central Bank of Chile.
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    45. Xavier Jaravel & Erick Sager, 2019. "What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models," 2019 Meeting Papers 1320, Society for Economic Dynamics.
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    49. Gulan, Adam, 2018. "Paradise lost? A brief history of DSGE macroeconomics," Bank of Finland Research Discussion Papers 22/2018, Bank of Finland.
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    52. Andrade, Philippe & Galí, Jordi & Le Bihan, Hervé & Matheron, Julien, 2021. "Should the ECB adjust its strategy in the face of a lower r★?," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
    53. Michael Grömling & Jürgen Matthes, 2022. "Inflation ist kein wirksames Heilmittel gegen eine hohe Staatsschuldenquote [Inflation is not an Effective Remedy for High Public Debt Ratio]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(11), pages 881-884, November.
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    56. Sandro Shelegia & Chris M. Wilson, 2021. "A Generalized Model of Advertised Sales," American Economic Journal: Microeconomics, American Economic Association, vol. 13(1), pages 195-223, February.
    57. Sheremirov, Viacheslav, 2020. "Price dispersion and inflation: New facts and theoretical implications," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 59-70.
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    62. Özmen, M. Utku & Tuğan, Mustafa, 2022. "Heterogeneity in sectoral price and quantity responses to shocks to monetary policy," Journal of Macroeconomics, Elsevier, vol. 73(C).
    63. Javier Garcia Cicco & Patricio Goldstein & Federico Sturzenegger, 2023. "Permanent and Transitory Monetary Shocks around the World," Working Papers 275, Red Nacional de Investigadores en Economía (RedNIE).
    64. Petrella, Ivan & Santoro, Emiliano & Simonsen, Lasse de la Porte, 2018. "Time-varying Price Flexibility and Inflation Dynamics," CEPR Discussion Papers 13027, C.E.P.R. Discussion Papers.
    65. De Veirman, Emmanuel, 2023. "How does the Phillips curve slope vary with repricing rates?," Working Paper Series 2804, European Central Bank.
    66. Huw Dixon & Kul Luintel & Kun Tian, 2020. "The Impact of the 2008 Crisis on UK Prices: What We Can Learn from the CPI Microdata," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(6), pages 1322-1341, December.
    67. Teles, Pedro & Tristani, Oreste, 2024. "The Monetary Financing of a Large Fiscal Shock," CEPR Discussion Papers 18887, C.E.P.R. Discussion Papers.
    68. Jean-Philippe Bouchaud & Stanislao Gualdi & Marco Tarzia & Francesco Zamponi, 2018. "Optimal inflation target: insights from an agent-based model," Post-Print hal-01768441, HAL.
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    70. Sergio Lago Alves & Hashmat Khan, 2024. "Are New Keynesian Models Useful When Trend Inflation is Not Low?," Working Papers 24-08, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management, revised Aug 2024.
    71. Hahn, Volker & Marenčák, Michal, 2020. "Price points and price dynamics," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 127-144.
    72. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Pe," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    73. Hashmat Khan & Sergio Lago Alves, 2025. "Are New Keynesian Models Useful When Trend Inflation is Not Very Low?," Carleton Economic Papers 25-01, Carleton University, Department of Economics.
    74. Marianna Riggi & Alex Tagliabracci, 2022. "Price rigidities, input costs, and inflation expectations: understanding firms’ pricing decisions from micro data," Questioni di Economia e Finanza (Occasional Papers) 733, Bank of Italy, Economic Research and International Relations Area.
    75. Viacheslav Sheremirov, 2021. "The Drivers of Inflation Dynamics during the Pandemic: (Early) Evidence from Disaggregated Consumption Data," Current Policy Perspectives 92827, Federal Reserve Bank of Boston.
    76. Stéphane Dupraz, 2024. "A Kinked‐Demand Theory of Price Rigidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(2-3), pages 325-363, March.
    77. Louis Phaneuf & Jean Gardy Victor, 2020. "Nominal Contracting With Positive Trend Inflation: Which Way to Go?," Working Papers 20-04, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    78. Michael Reiter & Adrian Wende, 2024. "Generalized Rotemberg Price-Setting," CESifo Working Paper Series 11297, CESifo.
    79. Christopher D. Cotton & Vaishali Garga, 2022. "The Role of Industrial Composition in Driving the Frequency of Price Change," Working Papers 22-9, Federal Reserve Bank of Boston.
    80. Luo, Shaowen & Villar, Daniel, 2023. "Propagation of shocks in an input-output economy: Evidence from disaggregated prices," Journal of Monetary Economics, Elsevier, vol. 137(C), pages 26-46.
    81. Andrés Blanco, 2021. "Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(3), pages 108-141, July.
    82. Marina Halac & Pierre Yared, 2022. "Instrument-Based versus Target-Based Rules," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(1), pages 312-345.
    83. Jaravel, Xavier & Sager, Erick, 2019. "What are the price effects of trade? Evidence from the US for quantitative trade models," LSE Research Online Documents on Economics 103402, London School of Economics and Political Science, LSE Library.
    84. Amlendu Dubey & Juhi Lohani, 2022. "Inflation targeting and price behaviour: evidence from India," Indian Economic Review, Springer, vol. 57(2), pages 265-284, December.
    85. Volker Hahn, 2022. "Price Dispersion and the Costs of Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(2-3), pages 459-491, March.
    86. Damjan Pfajfar & John M. Roberts, 2018. "The Role of Expectations in Changed Inflation Dynamics," Finance and Economics Discussion Series 2018-062, Board of Governors of the Federal Reserve System (U.S.).
    87. Anastasios Pappas & Nikolaos Boukas, 2025. "Examining Impact of Inflation and Inflation Volatility on Economic Growth: Evidence from European Union Economies," Economies, MDPI, vol. 13(2), pages 1-18, January.
    88. Francisca Sara-Zaror, 2024. "Inflation, Price Dispersion, and Welfare: The Role of Consumer Search," Finance and Economics Discussion Series 2024-047, Board of Governors of the Federal Reserve System (U.S.).
    89. Gauti B. Eggertsson & Sanjay R. Singh, 2016. "Log-linear Approximation versus an Exact Solution at the ZLB in the New Keynesian Model," NBER Working Papers 22784, National Bureau of Economic Research, Inc.
    90. Biao Gu & Liying Fu & Kehuan Yu, 2023. "On the dynamic effects of the cross‐section distribution of sectoral price changes in China," International Studies of Economics, John Wiley & Sons, vol. 18(4), pages 468-501, December.
    91. Paulie, Charlotte, 2019. "Does Inflation Targeting Reduce the Dispersion of Price Setters’ Inflation Expectations?," Working Paper Series 2018:16, Uppsala University, Department of Economics.
    92. Alfonso Rosolia, 2021. "Does information about current inflation affect expectations and decisions? Another look at Italian firms," Temi di discussione (Economic working papers) 1353, Bank of Italy, Economic Research and International Relations Area.
    93. Gee Hee Hong & Ernesto Pasten & Matthew Klepacz & Raphael Schoenle, 2019. "From Micro to Macro: A New Methodology to Discriminate Among Models," 2019 Meeting Papers 906, Society for Economic Dynamics.
    94. Jean‐François Rouillard, 2023. "Credit Crunch and Downward Nominal Wage Rigidities," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 889-914, June.
    95. Ina Hajdini, 2023. "Trend Inflation and Implications for the Phillips Curve," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2023(07), pages 1-6, April.
    96. Wasfi Alrawabdeh, 2022. "Seasonal balancing of revenue and demand in hotel industry: the case of Dubai City," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(1), pages 36-49, February.
    97. Paulie, Charlotte, 2019. "Does Inflation Targeting Reduce the Dispersion of Price Setters’ Inflation Expectations?," Working Paper Series 370, Sveriges Riksbank (Central Bank of Sweden).
    98. Gasteiger, Emanuel & Grimaud, Alex, 2023. "Price setting frequency and the Phillips curve," European Economic Review, Elsevier, vol. 158(C).
    99. Harald Uhlig, 2016. "Comment on "Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?"," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 183-197, National Bureau of Economic Research, Inc.
    100. Carola Binder & Wesley Janson & Randal Verbrugge, 2023. "Out of Bounds: Do SPF Respondents Have Anchored Inflation Expectations?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(2-3), pages 559-576, March.
    101. Meshcheryakov, A. & Sukhomlinov, A., 2024. "Considerations regarding inflation target levels," Journal of the New Economic Association, New Economic Association, vol. 62(1), pages 246-254.
    102. Aguiar-Conraria, Luís & Martins, Manuel M.F. & Soares, Maria Joana, 2023. "The Phillips curve at 65: Time for time and frequency," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    103. Apaitan, Tosapol & Disyatat, Piti & Manopimoke, Pym, 2020. "Thai inflation dynamics: A view from disaggregated price data," Economic Modelling, Elsevier, vol. 84(C), pages 117-134.
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    105. Apel, Mikael & Armelius, Hanna & Claussen, Carl Andreas, 2017. "The level of the inflation target – a review of the issues," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 2, pages 36-56.
    106. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2018. "Did Abenomics Succeed?: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(1), pages 1-22, January.
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    110. Kozo Ueda, 2023. "Evidence on Price Stickiness in Japan," CARF F-Series CARF-F-570, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    111. Bouchaud, Jean-Philippe & Gualdi, Stanislao & Tarzia, Marco & Zamponi, Francesco, 2018. "Optimal inflation target: Insights from an agent-based model," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-27.

  15. Eric Anderson & Benjamin A. Malin & Emi Nakamura & Duncan Simester & Jón Steinsson, 2015. "Informational Rigidities and the Stickiness of Temporary Sales," Staff Report 513, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Daniel Levy & Avichai Snir, 2022. "Zero-Ending Prices, Cognitive Convenience, and Price Rigidity," Working Papers 2022-07, Bar-Ilan University, Department of Economics.
    2. Demetris Koursaros & Nektarios Michail & Niki Papadopoulou & Christos Savva, 2023. "Sales and promotions and the great recession deflation," Empirical Economics, Springer, vol. 64(1), pages 349-392, January.
    3. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2020. "Price, sales, and the business cycle: a time series principal component analysis," GLO Discussion Paper Series 735, Global Labor Organization (GLO).
    4. Levy, Daniel & Snir, Avichai & Gotler, Alex & Chen, Haipeng (Allan), 2019. "Not all price endings are created equal: Price points and asymmetric price rigidity," MPRA Paper 91360, University Library of Munich, Germany.
    5. Etienne Gagnon & J. David López-Salido, 2014. "Small Price Responses to Large Demand Shocks," Finance and Economics Discussion Series 2014-18, Board of Governors of the Federal Reserve System (U.S.).
    6. Hao Lan & Tim Lloyd & Wyn Morgan & Paul W. Dobson, 2022. "Are food price promotions predictable? The hazard function of supermarket discounts," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(1), pages 64-85, February.
    7. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    8. Benjamin Eden, 2014. "Price dispersion and demand uncertainty: Evidence from US scanner data," Vanderbilt University Department of Economics Working Papers 14-00011, Vanderbilt University Department of Economics.
    9. Karadi, Peter & Amann, Juergen & Sánchez Bachiller, Javier & Seiler, Pascal & Wursten, Jesse, 2023. "Price Setting on the Two Sides of the Atlantic: Evidence from Supermarket-Scanner Data," CEPR Discussion Papers 18126, C.E.P.R. Discussion Papers.
    10. Sourav Ray & Avichai Snir & Daniel Levy, 2023. "Retail pricing format and rigidity of regular prices," Economica, London School of Economics and Political Science, vol. 90(360), pages 1173-1203, October.
    11. Maxim Sinitsyn, 2017. "Pricing with Prescheduled Sales," Marketing Science, INFORMS, vol. 36(6), pages 999-1014, November.
    12. Bianco, Timothy, 2021. "Monetary policy and credit flows," Journal of Macroeconomics, Elsevier, vol. 70(C).
    13. Auer, Raphael & Lein, Sarah & Burstein, Ariel Tomas, 2020. "Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation," CEPR Discussion Papers 15397, C.E.P.R. Discussion Papers.
    14. Lu, Huidi & van der Lans, Ralf & Helsen, Kristiaan & Gauri, Dinesh K., 2023. "DEPART: Decomposing prices using atheoretical regression trees," International Journal of Research in Marketing, Elsevier, vol. 40(4), pages 781-800.
    15. Hur, Joonyoung & Kim, Insu, 2017. "Inattentive agents and disagreement about economic activity," Economic Modelling, Elsevier, vol. 63(C), pages 175-190.
    16. Maxim Sinitsyn, 2023. "Trade spends and profitability of promotions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(4), pages 811-826, October.
    17. Nao Sudo & Kozo Ueda & Kota Watanabe, 2013. "Micro Price Dynamics during Japan's Lost Decades," CAMA Working Papers 2013-63, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    18. Mikael Carlsson, 2017. "Microdata Evidence on the Empirical Importance of Selection Effects in Menu‐Cost Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(8), pages 1803-1830, December.
    19. Benjamin Eden & Maya Eden & Jonah Yuen, 2019. "Temporary sales in response to aggregate shocks," Vanderbilt University Department of Economics Working Papers 19-00003, Vanderbilt University Department of Economics.
    20. Snir, Avichai & Levy, Daniel, 2021. "If You Think 9-Ending Prices Are Low, Think Again," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(1 (Forthc).
    21. Eric Anderson & Sergio Rebelo & Arlene Wong, 2018. "Markups Across Space and Time," NBER Working Papers 24434, National Bureau of Economic Research, Inc.
    22. Robert Evan Sanders, 2024. "Dynamic Pricing and Organic Waste Bans: A Study of Grocery Retailers’ Incentives to Reduce Food Waste," Marketing Science, INFORMS, vol. 43(2), pages 289-316, March.
    23. Pascal Seiler & Barbara Rudolf, 2022. "Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices," KOF Working papers 22-506, KOF Swiss Economic Institute, ETH Zurich.
    24. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "More Facts about Prices: France Before and During the Great Recession," Working papers 425, Banque de France.
    25. Blakeley B. McShane & Chaoqun Chen & Eric T. Anderson & Duncan I. Simester, 2016. "Decision Stages and Asymmetries in Regular Retail Price Pass-Through," Marketing Science, INFORMS, vol. 35(4), pages 619-639, July.
    26. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2022. "Price, sales, and the business cycle: Microeconomic evidence," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    27. Karadi, Peter & Schoenle, Raphael & Wursten, Jesse, 2021. "Measuring price selection in microdata: it’s not there," Working Paper Series 2566, European Central Bank.
    28. Sheremirov, Viacheslav, 2020. "Price dispersion and inflation: New facts and theoretical implications," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 59-70.
    29. Sinitsyn, Maxim, 2022. "Price leadership with promotions," International Journal of Industrial Organization, Elsevier, vol. 82(C).
    30. Kozo Ueda, 2022. "Duopolistic Competition and Monetary Policy," Working Papers e167, Tokyo Center for Economic Research.
    31. Giulietti, Monica & Otero, Jesús & Waterson, Michael, 2020. "Rigidities and adjustments of daily prices to costs: Evidence from supermarket data," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
    32. Glandon, PJ, 2018. "Sales and the (Mis)measurement of price level fluctuations," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 60-77.
    33. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Pe," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    34. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "Les ajustements individuels de prix à la consommation en France : de nouveaux résultats sur la période 2003-2011," Économie et Statistique, Programme National Persée, vol. 460(1), pages 5-35.
    35. Hyeyoung Kim & Marisa Zansler & Lisa A. House, 2018. "Retail promotion with price cut and the imperfect price responses of orange juice demand in the U.S," Agribusiness, John Wiley & Sons, Ltd., vol. 34(2), pages 363-376, March.
    36. Nicolas Vincent & Oleksiy Kryvtsov, 2015. "On the Importance of Sales for Aggregate Price Flexibility," 2015 Meeting Papers 46, Society for Economic Dynamics.
    37. Diego Aparicio & Duncan Simester, 2022. "Price Frictions and the Success of New Products," Marketing Science, INFORMS, vol. 41(6), pages 1057-1073, November.
    38. de Paula, Aureo & Hansman, Christopher & Hong, Harrison & Singh, Vishal, 2020. "A Sticky-Price View of Hoarding," CEPR Discussion Papers 14633, C.E.P.R. Discussion Papers.
    39. Holzer, Patrick Sebastian, 2020. "The effect of time-varying factors on promotional activity in the German milk market," Journal of Retailing and Consumer Services, Elsevier, vol. 55(C).
    40. Núñez, Héctor M. & Otero, Jesús & Trujillo-Barrera, Andrés, 2023. "Wholesale price rigidities and exchange rate pass-through: Evidence from daily data of agricultural products," International Economics, Elsevier, vol. 176(C).
    41. Henkel, Lukas & Wieland, Elisabeth & Błażejowska, Aneta & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Jonckheere, Jana & Karadi, Peter & Macias, Paweł & Menz, Jan-Oliver & Seiler, Pascal &, 2023. "Price setting during the coronavirus (COVID-19) pandemic," Occasional Paper Series 324, European Central Bank.
    42. Mateusz Mysliwski & Fabio M. Sanches & Daniel Silva Junior & Sorawoot Srisuma, 2020. "The Welfare Effects of Promotional Fees," CeMMAP working papers CWP35/20, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    43. Zidong An & Salem Abo‐Zaid & Xuguang Simon Sheng, 2023. "Inattention and the impact of monetary policy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(4), pages 623-643, June.
    44. Nuno Palma, 2019. "The Real Effects of Monetary Expansions: Evidence from a Large-Scale Historical Natural Experiment," Economics Discussion Paper Series 1904, Economics, The University of Manchester, revised Aug 2021.
    45. Przemyslaw Jeziorski & Dingzhe Leng & Stephan Seiler, 2025. "Causal Inference with Endogenous Price Response," CESifo Working Paper Series 11898, CESifo.
    46. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.

  16. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2015. "The Power of Forward Guidance Revisited," NBER Working Papers 20882, National Bureau of Economic Research, Inc.

    Cited by:

    1. Carolin Pflueger & Emil Siriwardane & Adi Sunderam, 2018. "A Measure of Risk Appetite for the Macroeconomy," NBER Working Papers 24529, National Bureau of Economic Research, Inc.
    2. Marcus Hagedorn, 2016. "A Demand Theory of the Price Level," 2016 Meeting Papers 941, Society for Economic Dynamics.
    3. Janet Hua Jiang & Rupal Kamdar & Kelin Lu & Daniela Puzzello, 2024. "How Do Households Respond to Expected Inflation? An Investigation of Transmission Mechanisms," CAEPR Working Papers 2024-004 Classification-D, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    4. Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019. "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France, Working Paper Series no. 736, Banque de France," Working Papers hal-02400611, HAL.
    5. Jean Barthélemy & Eric Mengus, 2016. "The Signaling Effect of Raising Inflation," Working Papers hal-03471880, HAL.
    6. Bilbiie, Florin, 2016. "Optimal Forward Guidance," CEPR Discussion Papers 11251, C.E.P.R. Discussion Papers.
    7. Andrew Binning & Junior Maih, 2016. "Forecast uncertainty in the neighborhood of the effective lower bound: How much asymmetry should we expect?," Working Paper 2016/13, Norges Bank.
    8. Per Krusell & Anthony Smith & Joachim Hubmer, 2015. "The historical evolution of the wealth distribution: A quantitative-theoretic investigation," 2015 Meeting Papers 1406, Society for Economic Dynamics.
    9. Koetter, Michael, 2020. "Lending effects of the ECB’s asset purchases," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 39-52.
    10. Woodford, Michael & Cúrdia, Vasco, 2015. "Credit Frictions and Optimal Monetary Policy," CEPR Discussion Papers 11016, C.E.P.R. Discussion Papers.
    11. Woo, Jinhee, 2023. "The power of forward guidance: The role of social transfer," Economic Modelling, Elsevier, vol. 126(C).
    12. Coibion, Olivier & Georgarakos, Dimitris & Gorodnichenko, Yuriy & van Rooij, Maarten, 2019. "How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial," IZA Discussion Papers 12498, Institute of Labor Economics (IZA).
    13. Dietmar Fehr & Frank Heinemann & Aniol Llorente-Saguer, 2013. "The power of sunspots: an experimental analysis," Working Papers 13-2, Federal Reserve Bank of Boston.
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    306. Eusepi, Stefano & Gibbs, Chris & Preston, Bruce, 2021. "Forward guidance with unanchored expectations," Bank of Finland Research Discussion Papers 11/2021, Bank of Finland.
    307. Łukasz Below, 2024. "Deconstructing the Fed’s decisions: analysis of the factors influencing monetary policy in the US," Bank i Kredyt, Narodowy Bank Polski, vol. 55(5), pages 623-660.
    308. Meggiorini, Greta, 2023. "Behavioral New Keynesian Models: An empirical assessment," Journal of Macroeconomics, Elsevier, vol. 77(C).
    309. Daniel J. Lewis, 2019. "Announcement-Specific Decompositions of Unconventional Monetary Policy Shocks and Their Macroeconomic Effects," Staff Reports 891, Federal Reserve Bank of New York.
    310. Andres Alonso-Robisco & Jose Manuel Carbo, 2023. "Analysis of CBDC Narrative OF Central Banks using Large Language Models," Working Papers 2321, Banco de España.
    311. Rostagno, Massimo & Altavilla, Carlo & Carboni, Giacomo & Lemke, Wolfgang & Motto, Roberto & Saint Guilhem, Arthur, 2021. "Combining negative rates, forward guidance and asset purchases: identification and impacts of the ECB’s unconventional policies," Working Paper Series 2564, European Central Bank.
    312. Walker Ray, 2019. "Monetary Policy and the Limits to Arbitrage: Insights from a New Keynesian Preferred Habitat Model," 2019 Meeting Papers 692, Society for Economic Dynamics.
    313. John H. Cochrane, 2017. "Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound," NBER Chapters, in: NBER Macroeconomics Annual 2017, volume 32, pages 113-226, National Bureau of Economic Research, Inc.
    314. André Marine Charlotte & Traficante Guido, 2021. "Forward Guidance in an Advanced Small Open Economy in the Effective Lower Bound," Working Papers 2021-16, Banco de México.
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    316. Erceg, Christopher J. & Jakab, Zoltan & Lindé, Jesper, 2021. "Monetary policy strategies for the European Central Bank," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
    317. Jonathan Chiu & Miguel Molico, 2020. "Online Appendix to "Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange"," Online Appendices 18-446, Review of Economic Dynamics.
    318. Mackowiak, Bartosz & Corsetti, Giancarlo & Dedola, Luca & Schmidt, Sebastian & Jarocinski, Marek, 2017. "Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union," CEPR Discussion Papers 12371, C.E.P.R. Discussion Papers.
    319. Mirela Miescu, 2022. "Forward guidance shocks," Working Papers 352591340, Lancaster University Management School, Economics Department.
    320. Akkaya, Yildiz & Belfrage, Carl-Johan & Di Casola, Paola & Strid, Ingvar, 2023. "Effects of foreign and domestic central bank government bond purchases in a small open economy DSGE model: Evidence from Sweden before and during the coronavirus pandemic," Working Paper Series 421, Sveriges Riksbank (Central Bank of Sweden).
    321. Gregor Bäurle & Daniel Kaufmann, 2018. "Measuring Exchange Rate, Price, and Output Dynamics at the Effective Lower Bound," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 80(6), pages 1243-1266, December.
    322. Abo-Zaid, Salem & Kamara, Ahmed H., 2020. "Credit Constraints and the Government Spending Multiplier," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
    323. Doh, Taeyoung & Smith, A. Lee, 2022. "A new approach to integrating expectations into VAR models," Journal of Monetary Economics, Elsevier, vol. 132(C), pages 24-43.

  17. Emi Nakamura & Jón Steinsson & Miao Liu, 2014. "Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves," NBER Working Papers 19893, National Bureau of Economic Research, Inc.

    Cited by:

    1. Arpit Gupta & Anup Malani & Bartek Woda, 2021. "Explaining the Income and Consumption Effects of COVID in India," NBER Working Papers 28935, National Bureau of Economic Research, Inc.
    2. Cross, Jamie & Nguyen, Bao H., 2017. "The relationship between global oil price shocks and China's output: A time-varying analysis," Energy Economics, Elsevier, vol. 62(C), pages 79-91.
    3. Kaiji Chen & Patrick Higgins & Daniel F. Waggoner & Tao Zha, 2016. "Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China," NBER Working Papers 22650, National Bureau of Economic Research, Inc.
    4. Atkin, David & Faber, Benjamin & Fally, Thibault & Gonzalez-Navarro, Marco, 2020. "Measuring Welfare and Inequality with Incomplete Price Information," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt270480bh, Department of Agricultural & Resource Economics, UC Berkeley.
    5. John Fernald, 2015. "Comment on "Trends and Cycles in China's Macroeconomy"," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 90-100, National Bureau of Economic Research, Inc.
    6. Babii, Andrii & Florens, Jean-Pierre, 2017. "Are unobservables separable?," TSE Working Papers 17-802, Toulouse School of Economics (TSE).
    7. Chen, Kaiji & Higgins, Patrick & Zha, Tao, 2024. "Constructing quarterly Chinese time series usable for macroeconomic analysis," Journal of International Money and Finance, Elsevier, vol. 143(C).
    8. Chor, Davin & Li, Bingjing, 2024. "Illuminating the effects of the US-China tariff war on China’s economy," Journal of International Economics, Elsevier, vol. 150(C).
    9. Ingvild Almås & Timothy K.M. Beatty & Thomas F. Crossley, 2018. "Lost in Translation: What do Engel Curves Tell us about the Cost of Living?," CESifo Working Paper Series 6886, CESifo.
    10. Wen Yao & Xiaodong Zhu, 2020. "Structural Change and Aggregate Employment Fluctuations in China," Working Papers tecipa-671, University of Toronto, Department of Economics.
    11. Menggen Chen & Yan Wang & D. S. Prasada Rao, 2020. "Measuring the spatial price differences in China with regional price parity methods," The World Economy, Wiley Blackwell, vol. 43(4), pages 1103-1146, April.
    12. Babii, Andrii, 2020. "Honest Confidence Sets In Nonparametric Iv Regression And Other Ill-Posed Models," Econometric Theory, Cambridge University Press, vol. 36(4), pages 658-706, August.
    13. Sinclair, Tara M., 2019. "Characteristics and implications of Chinese macroeconomic data revisions," International Journal of Forecasting, Elsevier, vol. 35(3), pages 1108-1117.
    14. Yu, X. & Zhang, X. & You, L., 2018. "Does The Granary County Subsidy Policy Lead to Manipulation of Grain Production Data in China? Evidence from a Natural Experiment," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277298, International Association of Agricultural Economists.
    15. Raül Santaeulàlia-Llopis & Yu Zheng, 2018. "The Price of Growth: Consumption Insurance in China 1989–2009," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(4), pages 1-35, October.
    16. Chun Chang & Kaiji Chen & Daniel F. Waggoner & Tao Zha, 2015. "Trends and Cycles in China's Macroeconomy," NBER Working Papers 21244, National Bureau of Economic Research, Inc.
    17. Xufei Zhang, 2017. "Trade Policy Review for China: The world's top exporter with “new normal” economic growth," The World Economy, Wiley Blackwell, vol. 40(11), pages 2491-2499, November.
    18. Nie, He & Yao, Jiarui & Wang, Haoan, 2025. "The real cost channel and the Phillips Curve for China," Economics Letters, Elsevier, vol. 247(C).
    19. Zhang, Xiaoheng & Yu, Xiaohua & You, Liangzhi, 2020. "Does the Granary County Subsidy Program Lead to manipulation of grain production data in China?," China Economic Review, Elsevier, vol. 62(C).
    20. Tao Zha & Kaiji Chen, 2017. "The Asymmetric Transmission of China's Monetary Policy," 2017 Meeting Papers 516, Society for Economic Dynamics.
    21. Anton Cheremukhin & Mikhail Golosov & Sergei Guriev & Aleh Tsyvinski, 2024. "The Political Development Cycle: The Right and the Left in People's Republic of China from 1953," American Economic Review, American Economic Association, vol. 114(4), pages 1107-1139, April.
    22. Dabalen,Andrew L. & Gaddis,Isis & Nguyen,Nga Thi Viet, 2016. "CPI bias and its implications for poverty reduction in Africa," Policy Research Working Paper Series 7907, The World Bank.
    23. Kaiji Chen & Jue Ren & Tao Zha, 2016. "What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending," NBER Working Papers 21890, National Bureau of Economic Research, Inc.
    24. John G. Fernald & Eric Hsu & Mark M. Spiegel, 2015. "Is China fudging its figures? Evidence from trading partner data," Working Paper Series 2015-12, Federal Reserve Bank of San Francisco.
    25. Alvarez, Sean P. & Geloso, Vincent & Scheck, Macy, 2024. "Revisiting the relationship between economic freedom and development to account for statistical deception by autocratic regimes," European Journal of Political Economy, Elsevier, vol. 85(C).
    26. Fernald, John G. & Hsu, Eric & Spiegel, Mark M., 2021. "Is China fudging its GDP figures? Evidence from trading partner data," Journal of International Money and Finance, Elsevier, vol. 110(C).
    27. He, Canfei & Li, Jing & Wang, Wenyu & Zhang, Peng, 2024. "Regional resilience during a trade war: The role of global connections and local networks," Journal of World Business, Elsevier, vol. 59(5).
    28. John G. Fernald & Mark M. Spiegel & Eric T. Swanson, 2014. "Monetary Policy Effectiveness in China: Evidence from a FAVAR Model," Working Paper Series 2014-7, Federal Reserve Bank of San Francisco.
    29. Wang, Xi & Liu, Ying & Chen, Zhongfei, 2022. "Monetary policy dysregulation with data distortion," Economic Modelling, Elsevier, vol. 116(C).
    30. Harry X. WU & Zhan LI, 2021. "Reassessing China's GDP Growth Performance: an Exploration of The Underestimated Price Effect," Discussion papers 21018, Research Institute of Economy, Trade and Industry (RIETI).
    31. Anna Sznajderska, 2021. "Should we recalculate the level of spillover effects if the alternative GDP measures for China are correct?," Bank i Kredyt, Narodowy Bank Polski, vol. 52(5), pages 437-456.
    32. Arpita Chatterjee & Richa Saraf, 2024. "Impact of China on commodity exporters," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1462-1491, August.
    33. William Barcelona & Danilo Cascaldi-Garcia & Jasper Hoek & Eva Van Leemput, 2022. "What Happens in China Does Not Stay in China," International Finance Discussion Papers 1360, Board of Governors of the Federal Reserve System (U.S.).
    34. Liu, Zixi, 2024. "Chinese monetary policy spillovers on its international portfolio investment flows," Journal of International Money and Finance, Elsevier, vol. 141(C).
    35. Youjin Hahn & Kanti Nuzhat & Hee-Seung Yang & Haishan Yuan, 2024. "Distributive Implications for Governing Party Constituencies: Evidence from Bangladesh," Working papers 2024rwp-237, Yonsei University, Yonsei Economics Research Institute.
    36. Farrokhi, Farid & Jinkins, David & Xiang, Chong, 2022. "Gains from Trade and the Food Engel Curve," Working Papers 15-2022, Copenhagen Business School, Department of Economics.
    37. Rao, Yanchun & Wang, Xiuli & Li, Hengkai, 2024. "Forecasting electricity consumption in China's Pearl River Delta urban agglomeration under the optimal economic growth path with low-carbon goals: Based on data of NPP-VIIRS-like nighttime light," Energy, Elsevier, vol. 294(C).
    38. John G. Fernald & Eric Hsu & Mark M. Spiegel, 2014. "Has China’s economy become more “standard”?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    39. Hjertstrand, Per, 2025. "The marginal utility of income and homogeneous demand systems," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    40. Wei Chen & Xilu Chen & Chang-Tai Hsieh & Zheng Song, 2019. "A Forensic Examination of China's National Accounts," NBER Working Papers 25754, National Bureau of Economic Research, Inc.
    41. Lai, Pingyao & Zhu, Tian, 2022. "Deflating China's nominal GDP: 2004–2018," China Economic Review, Elsevier, vol. 71(C).
    42. Liu, Ping & James Hueng, C., 2017. "Measuring real business condition in China," China Economic Review, Elsevier, vol. 46(C), pages 261-274.
    43. Hunter Clark & Maxim Pinkovskiy & Xavier Sala-i-Martin, 2017. "China's GDP Growth May be Understated," NBER Working Papers 23323, National Bureau of Economic Research, Inc.
    44. Fernald, John G. & Hsu, Eric & Spiegel, Mark M., 2021. "Reprint: Is China fudging its GDP figures? Evidence from trading partner data," Journal of International Money and Finance, Elsevier, vol. 114(C).
    45. Gong, Binlei & Shen, Yuhui & Chen, Shuai, 2025. "Diminishing Target-based GDP Manipulation: Evidence from China," Journal of Public Economics, Elsevier, vol. 244(C).
    46. Ms. Yu Shi, 2018. "Sectoral Booms and Misallocation of Managerial Talent: Evidence from the Chinese Real Estate Boom," IMF Working Papers 2018/221, International Monetary Fund.
    47. Chen,Xiaomeng & Mungai,Rose & Nakamura,Shohei & Pearson,Thomas Patrick & Wambile,Ayago Esmubancha & Yoshida,Nobuo, 2020. "How Useful is CPI Price Data for Spatial Price Adjustment in Poverty Measurement? : A Case from Ghana," Policy Research Working Paper Series 9388, The World Bank.
    48. Zeng, Jiangnan & Zhou, Qiyao, 2024. "Mayors’ promotion incentives and subnational-level GDP manipulation," Journal of Urban Economics, Elsevier, vol. 143(C).
    49. Ingvild Almas & Ashild Johnsen, 2018. "The cost of a growth miracle - reassessing price and poverty trends in China," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 239-264, October.

  18. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.

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    1. Daniel Levy & Avichai Snir, 2022. "Zero-Ending Prices, Cognitive Convenience, and Price Rigidity," Working Papers 2022-07, Bar-Ilan University, Department of Economics.
    2. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    3. Bobeica, Elena & Ciccarelli, Matteo & Vansteenkiste, Isabel, 2021. "The changing link between labor cost and price inflation in the United States," Working Paper Series 2583, European Central Bank.
    4. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2020. "Price, sales, and the business cycle: a time series principal component analysis," GLO Discussion Paper Series 735, Global Labor Organization (GLO).
    5. Di Giovanni, Julian & Kalemli-Özcan, Ṣebnem & Silva, Alvaro & Yıldırım, Muhammed A., 2023. "Pandemic-Era Inflation Drivers and Global Spillovers," CEPR Discussion Papers 18628, C.E.P.R. Discussion Papers.
    6. Groll, Dominik & Monacelli, Tommaso, 2020. "The inherent benefit of monetary unions," Journal of Monetary Economics, Elsevier, vol. 111(C), pages 63-79.
    7. Thomas Hasenzagl & Filippo Pellegrino & Lucrezia Reichlin & Giovanni Ricco, 2022. "A Model of the Fed's View on Inflation," The Review of Economics and Statistics, MIT Press, vol. 104(4), pages 686-704, October.
    8. Anmol Bhandari & David Evans & Mikhail Golosov & Thomas J. Sargent, 2018. "Inequality, Business Cycles, and Monetary-Fiscal Policy," Working Papers 18-26, New York University, Leonard N. Stern School of Business, Department of Economics.
    9. Byron Botha & Rulof Burger & Kevin Kotze & Neil Rankin & Daan Steenkamp, 2022. "Big data forecasting of South African inflation," School of Economics Macroeconomic Discussion Paper Series 2022-03, School of Economics, University of Cape Town.
    10. Alberto Cavallo, 2015. "Scraped Data and Sticky Prices," NBER Working Papers 21490, National Bureau of Economic Research, Inc.
    11. Elisa Rubbo, 2023. "Networks, Phillips Curves, and Monetary Policy," Econometrica, Econometric Society, vol. 91(4), pages 1417-1455, July.
    12. Derek Zweig, 2020. "Market Power, NAIRU, and the Phillips Curve," Abstract and Applied Analysis, Hindawi, vol. 2020, pages 1-18, December.
    13. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    14. Pitschner, Stefan, 2020. "How do firms set prices? Narrative evidence from corporate filings," European Economic Review, Elsevier, vol. 124(C).
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    16. Marcelle, Chauvet & Insu, Kim, 2019. "Incomplete Price Adjustment and Inflation Persistence," MPRA Paper 97497, University Library of Munich, Germany, revised 04 Dec 2019.
    17. Di Bartolomeo Giovanni & Di Pietro Marco, 2015. "Intrinsic persistence of wage inflation in New Keynesian models of the business cycles," wp.comunite 0118, Department of Communication, University of Teramo.
    18. Kevin J. Fox & Peter Levell & Martin O'Connell, 2023. "Inflation measurement with high frequency data," IFS Working Papers W23/29, Institute for Fiscal Studies.
    19. Enache, Andreea & Friberg, Richard & Wiklander, Magnus, 2023. "Demand for in-app purchases in mobile apps—A difference-in-difference approach," International Journal of Industrial Organization, Elsevier, vol. 88(C).
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    26. Constantin Bürgi, 2020. "Expectation Formation and the Persistence of Shocks," Working Papers 2020-005, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting, revised Sep 2020.
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    41. Fernando Martins & João Quelhas, 2024. "Consumer Price-Setting Behaviour:Evidence from Food CPI Microdata," Working Papers REM 2024/0345, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    42. Nuruddeen Usman & Luis Alberiko Gil‐Alana, 2025. "Inflation Persistence in the G7: The Effects of the Covid‐19 Pandemic and of the Russia‐Ukraine War," Manchester School, University of Manchester, vol. 93(3), pages 281-288, June.
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    48. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "More Facts about Prices: France Before and During the Great Recession," Working papers 425, Banque de France.
    49. Hai Long Vo & Duc Hong Vo, 2023. "The purchasing power parity and exchange‐rate economics half a century on," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 446-479, April.
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    537. Hubert, Paul & Blot, Christophe & Bozou, Caroline & Creel, Jérôme, 2024. "Same actions, different effects: The conditionality of monetary policy instruments," Journal of Monetary Economics, Elsevier, vol. 147(S).
    538. Eric Jondeau & Benoit Mojon & Jean-Guillaume Sahuc, 2020. "Bank Funding Cost and Liquidity Supply Regimes," BIS Working Papers 854, Bank for International Settlements.
    539. Atems, Bebonchu & Yimga, Jules, 2021. "Quantifying the impact of the COVID-19 pandemic on US airline stock prices," Journal of Air Transport Management, Elsevier, vol. 97(C).
    540. Breitenlechner, Max & Gründler, Daniel & Scharler, Johann, 2021. "Unconventional monetary policy announcements and information shocks in the U.S," Journal of Macroeconomics, Elsevier, vol. 67(C).
    541. Karnaukh, Nina & Vokata, Petra, 2022. "Growth forecasts and news about monetary policy," Journal of Financial Economics, Elsevier, vol. 146(1), pages 55-70.
    542. Filippo Natoli, 2023. "The macroeconomic effects of temperature surprise shocks," Temi di discussione (Economic working papers) 1407, Bank of Italy, Economic Research and International Relations Area.
    543. Döttling, Robin & Lam, Adrian, 2023. "Does Monetary Policy Shape the Path to Carbon Neutrality?," OSF Preprints kqdar, Center for Open Science.
    544. Victoria Bannikova, 2022. "Modelling Monetary Surprises Impact on Exchange Rate in Euro Area: Role of Revision of Expectations," Russian Journal of Money and Finance, Bank of Russia, vol. 81(3), pages 3-21, September.
    545. Jan C. van Ours, 2022. "How Retirement Affects Mental Health, Cognitive Skills and Mortality; an Overview of Recent Empirical Evidence," Tinbergen Institute Discussion Papers 22-050/V, Tinbergen Institute.
    546. Kerssenfischer, Mark, 2022. "Information effects of euro area monetary policy," Economics Letters, Elsevier, vol. 216(C).
    547. Mirela Miescu, 2022. "Forward guidance shocks," Working Papers 352591340, Lancaster University Management School, Economics Department.
    548. Lambert Dong, 2024. "Strategic complementarities as stochastic control under sticky price," Papers 2403.19847, arXiv.org.
    549. Adra, Samer & Barbopoulos, Leonidas G., 2022. "Monetary shocks and the analyst coverage of the firm," Economics Letters, Elsevier, vol. 218(C).
    550. Patrick Hirsch & Lars P. Feld & Ekkehard A. Köhler, 2023. "Breaking Monetary Policy News: The Role of Mass Media Coverage of ECB Announcements for Public Inflation Expectations," CESifo Working Paper Series 10285, CESifo.
    551. Emiliano A. Carlevaro & Leandro M. Magnusson, 2020. "The (in)stability of stock returns and monetary policy interdependence in the US," Economics Discussion / Working Papers 20-27, The University of Western Australia, Department of Economics.
    552. Piotr Misztal, 2022. "Communication of Central Banks as a Determinant of Credibility and Effectiveness of Monetary Policy," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 539-554.
    553. Mr. Faisal Ahmed & Mahir Binici & Mr. Jarkko Turunen, 2022. "Monetary Policy Communication and Financial Markets in India," IMF Working Papers 2022/209, International Monetary Fund.
    554. Fernandes, Cecilia Melo, 2021. "ECB communication as a stabilization and coordination device: evidence from ex-ante inflation uncertainty," Working Paper Series 2582, European Central Bank.
    555. Han, Zhao, 2024. "Asymmetric information and misaligned inflation expectations," Journal of Monetary Economics, Elsevier, vol. 143(C).
    556. Falk Bräuning & Viacheslav Sheremirov, 2021. "The Transmission Mechanisms of International Business Cycles: Output Spillovers through Trade and Financial Linkages," Working Papers 21-13, Federal Reserve Bank of Boston.
    557. Jeffrey R. Campbell & Thomas B. King & Anna Orlik & Rebecca Zarutskie, 2020. "Issues Regarding the Use of the Policy Rate Tool," Finance and Economics Discussion Series 2020-070, Board of Governors of the Federal Reserve System (U.S.).
    558. Paul Rudel & Peter Tillmann, 2018. "News Shock Spillovers: How the Euro Area Responds to Expected Fed Policy," MAGKS Papers on Economics 201832, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    559. Cheolbeom Park & Seungyoo Shin, 2021. "Monetary Policy and Exchange Rate Response: Evidence from Shock-based SVAR with Uncertainty Measures," Discussion Paper Series 2102, Institute of Economic Research, Korea University.
    560. De Santis, Roberto A. & Tornese, Tommaso, 2024. "US monetary policy is more powerful in low economic growth regimes," Working Paper Series 2919, European Central Bank.
    561. Geiger, Martin & Gründler, Daniel & Scharler, Johann, 2023. "Monetary policy shocks and consumer expectations in the euro area," Journal of International Economics, Elsevier, vol. 140(C).
    562. Doh, Taeyoung & Smith, A. Lee, 2022. "A new approach to integrating expectations into VAR models," Journal of Monetary Economics, Elsevier, vol. 132(C), pages 24-43.
    563. Oliver Holtemöller & Alexander Kriwoluzky & Boreum Kwak, 2020. "Exchange Rates and the Information Channel of Monetary Policy," Discussion Papers of DIW Berlin 1906, DIW Berlin, German Institute for Economic Research.
    564. Wang, Hanyi, 2025. "Carbon leakage through supply chain adjustments," IDOS Discussion Papers 10/2025, German Institute of Development and Sustainability (IDOS).
    565. Vania Esady, 2022. "Real and nominal effects of monetary shocks under time-varying disagreement," Bank of England working papers 1007, Bank of England.
    566. Takumah, Wisdom, 2023. "Fiscal Policy and Asset Prices in a Dynamic Factor Model with Cointegrated Factors," MPRA Paper 117897, University Library of Munich, Germany, revised 10 Jul 2023.

  20. Emi Nakamura & Dmitriy Sergeyev & Jón Steinsson, 2012. "Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence," NBER Working Papers 18128, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
    2. Lorenzo Pozzi & Barbara Sadaba, 2023. "Macroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data," Staff Working Papers 23-4, Bank of Canada.
    3. Nicholas Bloom, 2013. "Fluctuations in Uncertainty," CEP Occasional Papers 038, Centre for Economic Performance, LSE.
    4. Husted, Lucas & Rogers, John & Sun, Bo, 2020. "Monetary policy uncertainty," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 20-36.
    5. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020. "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers 202015, University of Barcelona, Research Institute of Applied Economics, revised Oct 2020.
    6. Samuel M. Hartzmark, 2016. "Economic Uncertainty and Interest Rates," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 6(2), pages 179-220.
    7. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    8. Elango, B. & Talluri, Srinivas (Sri), 2023. "A study of the impact of cultural dimensions on the operational orientation of manufacturing firms," International Journal of Production Economics, Elsevier, vol. 255(C).
    9. Serena Ng & Jonathan H. Wright, 2013. "Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling," NBER Working Papers 19469, National Bureau of Economic Research, Inc.
    10. Jin, Peizhen & Peng, Chong & Song, Malin, 2019. "Macroeconomic uncertainty, high-level innovation, and urban green development performance in China," China Economic Review, Elsevier, vol. 55(C), pages 1-18.
    11. Milos Bozovic, 2015. "Equity Premium in Serbia: A Different Kind of Puzzle?," MIC 2015: Managing Sustainable Growth; Proceedings of the Joint International Conference, Portorož, Slovenia, 28–30 May 2015,, University of Primorska, Faculty of Management Koper.
    12. Croce, Mariano & Colacito, Ric & Liu, Yang & Shaliastovich, Ivan, 2018. "Volatility Risk Pass-Through," CEPR Discussion Papers 13325, C.E.P.R. Discussion Papers.
    13. Robert Barro & Tao Jin, 2021. "Rare Events and Long-Run Risks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 1-25, January.
    14. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzón & Sebastián Sanin-Restrepo & Jorge M. Uribe, 2024. "Financial and Macroeconomic Uncertainties and Real Estate Markets," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(1), pages 29-53, January.
    15. Kyle Jurado & Sydney C. Ludvigson & Serena Ng, 2015. "Measuring Uncertainty," American Economic Review, American Economic Association, vol. 105(3), pages 1177-1216, March.
    16. Kyle Jurado, 2016. "Advance Information and Distorted Beliefs in Macroeconomic and Financial Fluctuations," 2016 Meeting Papers 154, Society for Economic Dynamics.
    17. Marc Joëts & Valérie Mignon & Tovonony Razafindrabe, 2015. "Does the volatility of commodity prices reflect macroeconomic uncertainty?," Working Papers 2015-02, CEPII research center.
    18. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    19. Christian P. Traeger, 2023. "ACE—Analytic Climate Economy," American Economic Journal: Economic Policy, American Economic Association, vol. 15(3), pages 372-406, August.
    20. Will Dison & Konstantinos Theodoridis, 2017. "Do macro shocks matter for equities?," Bank of England working papers 692, Bank of England.
    21. Lorenzo Pozzi & Barbara Sadaba, 2021. "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers 21-030/VI, Tinbergen Institute.
    22. Yan Ji, 2017. "Job Search under Debt: Aggregate Implications of Student Loans," 2017 Meeting Papers 222, Society for Economic Dynamics.
    23. Laura Veldkamp & Anna Orlik, 2013. "Understanding Uncertainty Shocks," 2013 Meeting Papers 391, Society for Economic Dynamics.
    24. Tino Berger & Sibylle Grabert & Bernd Kempa, 2016. "Global and Country-Specific Output Growth Uncertainty and Macroeconomic Performance," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 694-716, October.
    25. Mallick, Debdulal, 2015. "Elusive Relationship between Business-cycle Volatility and Long-run Growth," MPRA Paper 64502, University Library of Munich, Germany.
    26. Dalderop, Jeroen, 2023. "Semiparametric estimation of latent variable asset pricing models," Journal of Econometrics, Elsevier, vol. 236(1).
    27. Tiago Sequeira & Hugo Morão, 2020. "Growth Accounting and Regressions:new approach and results," Working Papers REM 2020/0113, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    28. Carolin Pflueger & Emil Siriwardane & Adi Sunderam, 2019. "Financial Market Risk Perceptions and the Macroeconomy," NBER Working Papers 26290, National Bureau of Economic Research, Inc.
    29. Wataru Miyamoto & Thuy Lan Nguyen, 2016. "Business Cycles in Small, Open Economies: Evidence from Panel Data Between 1900 and 2013," Staff Working Papers 16-48, Bank of Canada.
    30. Tim Bollerslev & Lai Xu & Hao Zhou, 2012. "Stock Return and Cash Flow Predictability: The Role of Volatility Risk," CREATES Research Papers 2012-51, Department of Economics and Business Economics, Aarhus University.
    31. Giglio, Stefano & Ströbel, Johannes & Maggiori, Matteo, 2014. "No-Bubble Condition: Model-Free Tests in Housing Markets," CEPR Discussion Papers 9978, C.E.P.R. Discussion Papers.
    32. Mario Forni & Luca Gambetti & Luca Sala, 2025. "Downside and Upside Uncertainty Shocks," Journal of the European Economic Association, European Economic Association, vol. 23(1), pages 159-189.
    33. Anna Orlik & Laura Veldkamp, 2014. "Understanding Uncertainty Shocks and the Role of Black Swans," NBER Working Papers 20445, National Bureau of Economic Research, Inc.
    34. Coeurdacier, Nicolas & Rey, Hélène & Winant, Pablo, 2020. "Financial integration and growth in a risky world," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 1-21.
    35. Jose Ursua & Jon Steinsson & Emi Nakamura & Robert Barro, 2008. "Crises and Recoveries in an Empirical Model of Consumption Disasters," 2008 Meeting Papers 1089, Society for Economic Dynamics.
    36. Stefano Giglio & Matteo Maggiori & Johannes Stroebel, 2014. "Very long-run discount rates," Globalization Institute Working Papers 182, Federal Reserve Bank of Dallas.
    37. Sadaba, Barbara & Vujic, Suncica & Maier, Sofia, 2022. "Characterizing the Schooling Cycle," IZA Discussion Papers 15237, Institute of Labor Economics (IZA).
    38. Gomez-Gonzalez, Jose E. & Hirs-Garzon, Jorge & Uribe, Jorge M., 2024. "US uncertainty shocks on real and financial markets: A multi-country perspective," Economic Systems, Elsevier, vol. 48(3).
    39. David Dillenberger & Daniel Gottlieb & Pietro Ortoleva, 2018. "Stochastic Impatience and the Separation of Time and Risk Preferences," PIER Working Paper Archive 18-020, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 08 Sep 2018.
    40. Jonathan Heathcote & Fabrizio Perri, 2013. "Assessing International Efficiency," NBER Working Papers 18956, National Bureau of Economic Research, Inc.
    41. Emi Nakamura & Dmitriy Sergeyev & Jón Steinsson, 2012. "Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence," NBER Working Papers 18128, National Bureau of Economic Research, Inc.
    42. Fernando Barros & Fabio Gomes & Andre Luduvice, 2021. "The Welfare Costs of Business Cycles Unveiled: Measuring the Extent of Stabilization Policies," Working Papers 21-14R2, Federal Reserve Bank of Cleveland, revised 02 Mar 2023.
    43. Ina Simonovska & Espen Henriksen & Joel David, 2016. "The Risky Capital of Emerging Markets," 2016 Meeting Papers 125, Society for Economic Dynamics.
    44. Aubhik Khan & Julia Thomas & Tatsuro Senga, 2018. "The Persistent Effects of Entry and Exit," 2018 Meeting Papers 707, Society for Economic Dynamics.
    45. Traeger, Christian, 2021. "ACE - Analytic Climate Economy," CEPR Discussion Papers 15968, C.E.P.R. Discussion Papers.
    46. Johnson Worlanyo Ahiadorme, 2022. "On the aggregate effects of global uncertainty: Evidence from an emerging economy," South African Journal of Economics, Economic Society of South Africa, vol. 90(3), pages 390-407, September.
    47. Mario Forni & Luca Gambetti & Nicolò Maffei-Faccioli & Luca Sala, 2023. "The impact of financial shocks on the forecast distribution of output and inflation," Working Paper 2023/3, Norges Bank.
    48. Ina Simonovska & Espen Henriksen, 2013. "Time-Varying Risk Premia and Capital Flows to Developing Countries," 2013 Meeting Papers 1258, Society for Economic Dynamics.
    49. David Alaminos & Ignacio Esteban & M. Belén Salas, 2023. "Neural networks for estimating Macro Asset Pricing model in football clubs," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 30(2), pages 57-75, April.
    50. Haining Chen & Prince Asare Vitenu-Sackey & Isaac Akpemah Bathuure, 2024. "Uncertainty Measures and Business Cycles: Evidence From the US," SAGE Open, , vol. 14(2), pages 21582440241, April.
    51. Nam Gang Lee, 2019. "Trend Growth Shocks and Asset Prices," Working Papers 2019-4, Economic Research Institute, Bank of Korea.
    52. Nam Gang Lee, 2020. "Vulnerable Growth: A Revisit," Working Papers 2020-22, Economic Research Institute, Bank of Korea.
    53. Borovicka, J. & Hansen, L.P., 2016. "Term Structure of Uncertainty in the Macroeconomy," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1641-1696, Elsevier.
    54. Liu, Han & Wang, Lijun & Zhuo, Xingxuan, 2025. "Unveiling the shadows: The effects of financial conditions on the tail risks of China's macroeconomic activities," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1-14.
    55. Gabriel P. Mathy, 2020. "How much did uncertainty shocks matter in the Great Depression?," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(2), pages 283-323, May.
    56. Inoue, Hitoshi & Kani, Masayo & Nakashima, Kiyotaka, 2019. "The Dynamic Effect of Uncertainty on Corporate Investment through Internal and External Financing," MPRA Paper 98533, University Library of Munich, Germany.
    57. Laura Veldkamp & Anna Orlik, 2014. "Uncertainty Shocks and the Role of the Black Swan," 2014 Meeting Papers 275, Society for Economic Dynamics.
    58. Aubhik Khan & Julia Thomas & Tatsuro Senga, 2019. "Business Formation and Economic Growth Beyond the Great Recession," 2019 Meeting Papers 1453, Society for Economic Dynamics.
    59. Mallick, Debdulal, 2017. "The Growth-Volatility Relationship: What Does Volatility Decomposition Tell?," MPRA Paper 79397, University Library of Munich, Germany.
    60. Gerdie Everaert & Lorenzo Pozzi, 2022. "Encompassing measures of international consumption risk sharing and their link with trade and financial globalization," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 433-449, March.
    61. Yadav, Jayant, 2020. "Flight to Safety in Business cycles," MPRA Paper 104093, University Library of Munich, Germany.
    62. Wataru Miyamoto & Thuy Lan Nguyen, 2017. "Business Cycles In Small Open Economies: Evidence From Panel Data Between 1900 And 2013," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(3), pages 1007-1044, August.
    63. Mallick Debdulal, 2019. "The growth-volatility relationship redux: what does volatility decomposition tell?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(2), pages 1-20, June.
    64. Guofu Zhou & Yingzi Zhu, 2015. "Macroeconomic Volatilities and Long-Run Risks of Asset Prices," Management Science, INFORMS, vol. 61(2), pages 413-430, February.

  21. Emi Nakamura & Jón Steinsson, 2011. "Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions," NBER Working Papers 17391, National Bureau of Economic Research, Inc.

    Cited by:

    1. Andres Rodriguez-Clare & Mauricio Ulate & Jose P. Vasquez, 2020. "New-Keynesian Trade: Understanding the Employment and Welfare Effects of Trade Shocks," Working Paper Series 2020-32, Federal Reserve Bank of San Francisco.
    2. KLEIN, Mathias & POLATTIMUR, Hamza & WINKLER, Roland, 2020. "Fiscal spending multipliers over the household leverage cycle," Working Papers 2020007, University of Antwerp, Faculty of Business and Economics.
    3. Benjamin Bridgman, 2016. "Engines of Leisure," BEA Working Papers 0137, Bureau of Economic Analysis.
    4. Anzoategui, Diego, 2022. "Sovereign spreads and the effects of fiscal austerity," Journal of International Economics, Elsevier, vol. 139(C).
    5. Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019. "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France, Working Paper Series no. 736, Banque de France," Working Papers hal-02400611, HAL.
    6. Daniele Girardi & Riccardo Pariboni, 2015. "Autonomous demand and economic growth:some empirical evidence," Department of Economics University of Siena 714, Department of Economics, University of Siena.
    7. Donald R. Davis & Jonathan I. Dingel, 2012. "A Spatial Knowledge Economy," NBER Working Papers 18188, National Bureau of Economic Research, Inc.
    8. Rodrigo Adão & Arnaud Costinot & Dave Donaldson, 2023. "Putting Quantitative Models to the Test: An Application to Trump’s Trade War," CESifo Working Paper Series 10484, CESifo.
    9. Strehl, Wolfgang & Engler, Philipp, 2015. "Progressive Taxation and Monetary Policy in a Currency Union," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112823, Verein für Socialpolitik / German Economic Association.
    10. Maria A. Arias & Charles S. Gascon & David E. Rapach, 2014. "Metro Business Cycles," Working Papers 2014-46, Federal Reserve Bank of St. Louis.
    11. 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.
    12. Hory, Marie-Pierre & Levieuge, Grégory & Onori, Daria, 2023. "The fiscal multiplier when debt is denominated in foreign currency," International Economics, Elsevier, vol. 176(C).
    13. Liang, Yuanning & Rudik, Ivan & Zou, Eric Yongchen, 2021. "Economic Production and Biodiversity in the United States," SocArXiv qy76a, Center for Open Science.
    14. Salvatore Perdichizzi, 2017. "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    15. Galego Mendes,Arthur & Miyamoto,Wataru & Nguyen,Thuy Lan & Pennings,Steven Michael & Feler,Leo, 2023. "The Macroeconomic Effects of Cash Transfers : Evidence from Brazil," Policy Research Working Paper Series 10652, The World Bank.
    16. Jeffrey Clemens & Philip G. Hoxie & Stan Veuger, 2022. "Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments," NBER Working Papers 30168, National Bureau of Economic Research, Inc.
    17. Pennings,Steven Michael, 2020. "Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications," Policy Research Working Paper Series 9244, The World Bank.
    18. Peter Andre & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2019. "Subjective Models Of The Macroeconomy: Evidence From Experts And A Representative Sample," CEBI working paper series 19-11, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    19. Luca Fornaro, 2018. "International Debt Deleveraging," Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1394-1432.
    20. Aggarwal, Rishabh & Auclert, Adrien & Rognlie, Matthew & Straub, Ludwig, 2022. "Excess Savings and Twin Deficits: The Transmission of Fiscal Stimulus in Open Economies," CEPR Discussion Papers 17397, C.E.P.R. Discussion Papers.
    21. Becker, Sascha O. & Heblich, Stephan & Sturm, Daniel M., 2021. "The impact of public employment: evidence from Bonn," LSE Research Online Documents on Economics 108867, London School of Economics and Political Science, LSE Library.
    22. Dagostino, Ramona, 2025. "The impact of bank financing on municipalities’ bond issuance and the real economy," Journal of Financial Economics, Elsevier, vol. 166(C).
    23. Xavier Giroud & Holger M. Mueller, 2018. "Firm Leverage and Regional Business Cycles," NBER Working Papers 25325, National Bureau of Economic Research, Inc.
    24. Jordà, Òscar & Taylor, Alan M., 2014. "The time for austerity: Estimating the average treatment effect of fiscal policy," SAFE Working Paper Series 79, Leibniz Institute for Financial Research SAFE.
    25. Aviv Nevo & Arlene Wong, 2015. "The Elasticity of Substitution Between Time and Market Goods: Evidence from the Great Recession," NBER Working Papers 21318, National Bureau of Economic Research, Inc.
    26. Axelle Ferrière & Gaston Navarro, 2018. "The Heterogeneous Effects of Government Spending : It’s All About Taxes," International Finance Discussion Papers 1237, Board of Governors of the Federal Reserve System (U.S.).
    27. Huber, Kilian, 2018. "Disentangling the effects of a banking crisis: evidence from German firms and counties," LSE Research Online Documents on Economics 87410, London School of Economics and Political Science, LSE Library.
    28. Andersson, Fredrik N. G. & Lennard, Jason, 2016. "Irish GDP between the Famine and the First World War: Estimates Based on a Dynamic Factor Model," Working Papers 2016:13, Lund University, Department of Economics, revised 16 Jan 2018.
    29. Buchheim, Lukas & Watzinger, Martin, 2017. "The Employment Effects of Countercyclical Infrastructure Investments," Rationality and Competition Discussion Paper Series 20, CRC TRR 190 Rationality and Competition.
    30. Matteo Deleidi & Davide Romaniello & Francesca Tosi, 2021. "Quantifying fiscal multipliers in Italy: A Panel SVAR analysis using regional data," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1158-1177, October.
    31. Jonathan A. Parker, 2011. "On Measuring the Effects of Fiscal Policy in Recessions," NBER Working Papers 17240, National Bureau of Economic Research, Inc.
    32. Cerqua, Augusto & Pellegrini, Guido, 2018. "Local multipliers at work," MPRA Paper 85326, University Library of Munich, Germany.
    33. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    34. Philippe Martin & Thomas Philippon, 2017. "Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone," American Economic Review, American Economic Association, vol. 107(7), pages 1904-1937, July.
    35. Timothy G. Conley & Bill Dupor & Mahdi Ebsim & Jingchao Li & Peter B. McCrory, 2020. "A Local-Spillover Decomposition of the Causal Effect of U.S. Defense Spending Shocks," Working Papers 2020-014, Federal Reserve Bank of St. Louis.
    36. Andrea Cerrato & Francesco Filippucci, 2022. "The Impact of Austerity Policies on Local Income: Evidence from Italian Municipalities," Working Papers halshs-03665241, HAL.
    37. Emma Hooper & Sanjay Peters & Patrick A. Pintus, 2018. "The Causal Effect of Infrastructure Investments on Income Inequality: Evidence from US States," AMSE Working Papers 1801, Aix-Marseille School of Economics, France, revised May 2018.
    38. Ms. Era Dabla-Norris & Frederico Lima, 2018. "Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations," IMF Working Papers 2018/220, International Monetary Fund.
    39. Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023. "Identification of systematic monetary policy," Working Paper Series 2851, European Central Bank.
    40. Larsen, Rasmus Bisgaard & Ravn, Søren Hove & Santoro, Emiliano, 2025. "House prices, endogenous productivity, and the effects of government spending shocks," European Economic Review, Elsevier, vol. 172(C).
    41. Daniel Wilson & Sylvain Leduc, 2012. "Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment," 2012 Meeting Papers 210, Society for Economic Dynamics.
    42. Benjamin Born & Francesco D’Ascanio & Gernot J. Müller & Johannes Pfeifer, 2024. "Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1642-1683.
    43. Arthur Mendes & Steven Pennings, 2025. "One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent: Theory and Evidence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 55, January.
    44. Rüth, Sebastian K. & Simon, Camilla, 2022. "How do income and the debt position of households propagate fiscal stimulus into consumption?," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    45. Joep Lustenhouwer & Kostas Mavromatis, 2025. "The Effects of Fiscal Policy When Planning Horizons are Finite," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 549-582, March.
    46. Jing Cynthia Wu & Yinxi Xie & Ji Zhang, 2024. "Does Unconventional Monetary and Fiscal Policy Contribute to the COVID Inflation Surge in the US?," Staff Working Papers 24-38, Bank of Canada.
    47. Funashima, Yoshito & Ohtsuka, Yoshihiro, 2019. "Spatial crowding-out and crowding-in effects of government spending on the private sector in Japan," Regional Science and Urban Economics, Elsevier, vol. 75(C), pages 35-48.
    48. Kirill Borusyak & Peter Hull & Xavier Jaravel, 2023. "Design-Based Identification with Formula Instruments: A Review," NBER Working Papers 31393, National Bureau of Economic Research, Inc.
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    1. Freitag, Andreas & Lein, Sarah M., 2023. "Endogenous product adjustment and exchange rate pass-through," Journal of International Economics, Elsevier, vol. 140(C).
    2. López-Salido, J David & Gagnon, Etienne & Sockin, Jason, 2015. "The Cyclicality of Sales, Regular and Effective Prices: Comment," CEPR Discussion Papers 10726, C.E.P.R. Discussion Papers.
    3. Klaus Adam & Henning Weber, 2019. "Optimal Trend Inflation," American Economic Review, American Economic Association, vol. 109(2), pages 702-737, February.
    4. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    5. Francois, Joseph & Bekkers, Eddy, 2012. "Bilateral Exchange Rates and Jobs," CEPR Discussion Papers 8906, C.E.P.R. Discussion Papers.
    6. Olivier de Bandt & Tovonony Razafindrabe, 2014. "Does nominal rigidity mislead our perception of the exchange rate pass-through?," EconomiX Working Papers 2014-36, University of Paris Nanterre, EconomiX.
    7. Richard Davies, 2021. "Prices and inflation in the UK - A new dataset," CEP Occasional Papers 55, Centre for Economic Performance, LSE.
    8. Francesco Caselli & Miklós Koren & Milan Lisicky & Silvana Tenreyro, 2015. "Diversification through Trade," Discussion Papers 1518, Centre for Macroeconomics (CFM).
    9. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    10. Auer, Raphael, 2015. "Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi," CEPR Discussion Papers 10344, C.E.P.R. Discussion Papers.
    11. Kim, In Kyung & Lee, Jinhyuk & Im, Hyejoon, 2024. "Asymmetry and non-linearity in exchange rate pass-through: Evidence from scanner data," Journal of International Money and Finance, Elsevier, vol. 149(C).
    12. Gopinath, Gita & Itskhoki, Oleg & Neiman, Brent, 2012. "Trade Prices and the Global Trade Collapse of 2008-2009," CEPR Discussion Papers 9158, C.E.P.R. Discussion Papers.
    13. Raphael A. Auer & Thomas Chaney & Philip U. Sauré, 2012. "Quality Pricing-to-Market," Working Papers 2012-11, Swiss National Bank.
    14. Auer, Raphael & Schoenle, Raphael, 2015. "Market Structure and Exchange Rate Pass-Through," CEPR Discussion Papers 10585, C.E.P.R. Discussion Papers.
    15. Colicev, Anatoli & Hoste, Joris & Konings, Jozef, 2022. "The Impact of a Large Depreciation on the Cost of Living of Rich and Poor Consumers," CEPR Discussion Papers 16869, C.E.P.R. Discussion Papers.
    16. Miao Liu & Jon Steinsson & Emi Nakamura, 2014. "Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves," 2014 Meeting Papers 102, Society for Economic Dynamics.
    17. Etienne Gagnon & Benjamin R. Mandel & Robert J. Vigfusson, 2012. "Missing Import Price Changes and Low Exchange Rate Pass-Through," International Finance Discussion Papers 1040, Board of Governors of the Federal Reserve System (U.S.).
    18. Klenow, Peter J. & Malin, Benjamin A., 2010. "Microeconomic Evidence on Price-Setting," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 6, pages 231-284, Elsevier.
    19. Nina Goridko & Robert Nizhegorodtsev, 2018. "The Growth Points of Regional Economy and Regression Estimation for Branch Investment Multipliers," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 29-42.
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    21. Oleksiy Kryvtsov, 2016. "Is there a quality bias in the Canadian CPI? Evidence from microdata," Canadian Journal of Economics, Canadian Economics Association, vol. 49(4), pages 1401-1424, November.
    22. Roberto Rigobon & Brent Neiman & Alberto Cavallo, 2013. "Product Introductions, Currency Unions, and the Real Exchange Rate," 2013 Meeting Papers 1357, Society for Economic Dynamics.
    23. Susan N. Houseman & Christopher Kurz & Paul Lengermann & Benjamin Mandel, "undated". "Offshoring Bias in U.S. Manufacturing," Upjohn Working Papers snh20112, W.E. Upjohn Institute for Employment Research.
    24. Cook, Jonathan Aaron, 2014. "The effect of firm-level productivity on exchange rate pass-through," Economics Letters, Elsevier, vol. 122(1), pages 27-30.
    25. Philip Sauré & Andrei Levchenko & Raphael Auer, 2017. "International Inflation Spillovers Through Input Linkages," 2017 Meeting Papers 1208, Society for Economic Dynamics.
    26. Mei Dong & Toshiaki Shoji & Yuki Teranishi, 2021. "Product Cycles and Prices: a Search Foundation," Working Papers e161, Tokyo Center for Economic Research.
    27. Natalie Chen & Luciana Juvenal, 2014. "Quality, Trade, and Exchange Rate Pass-Through," IMF Working Papers 2014/042, International Monetary Fund.
    28. Fast Don & Fleck Susan E. & Smith Dominic A., 2022. "Unit Value Indexes for Exports – New Developments Using Administrative Trade Data," Journal of Official Statistics, Sciendo, vol. 38(1), pages 83-106, March.
    29. Hakan Yilmazkuday, 2015. "Pass-through of trade costs to U.S. import prices," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 151(4), pages 609-633, November.
    30. Pascal Seiler & Barbara Rudolf, 2022. "Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices," KOF Working papers 22-506, KOF Swiss Economic Institute, ETH Zurich.
    31. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "More Facts about Prices: France Before and During the Great Recession," Working papers 425, Banque de France.
    32. Mina Kim & Deokwoo Nam & Jian Wang & Jason Wu, 2013. "International Trade Price Stickiness and Exchange Rate and Pass-Through in Micro Data: A Case Study on US-China Trade," Working Papers 202013, Hong Kong Institute for Monetary Research.
    33. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2014. "Currency Unions, Product Introductions, and the Real Exchange Rate," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 529-595.
    34. Raphael Schoenle, 2010. "International Menu Costs and Price Dynamics," Working Papers 79, Brandeis University, Department of Economics and International Business School.
    35. Rodnyansky, Alexander & Goetz, Daniel, 2020. "Exchange Rate Shocks and Quality Adjustments," CEPR Discussion Papers 15248, C.E.P.R. Discussion Papers.
    36. Colin Hottman & Surabhi Ghai, 2019. "Exchange Rates, Product Variety, and Substitution in U.S. Scanner Data," 2019 Meeting Papers 1059, Society for Economic Dynamics.
    37. Nagengast, Arne J. & Bursian, Dirk & Menz, Jan-Oliver, 2021. "Dynamic pricing and exchange rate pass-through: Evidence from transaction-level data," European Economic Review, Elsevier, vol. 133(C).
    38. Pennings, Steven, 2017. "Pass-through of competitors' exchange rates to US import and producer prices," Journal of International Economics, Elsevier, vol. 105(C), pages 41-56.
    39. Beatriz de Blas & Katheryn N. Russ, 2010. "Teams of rivals: endogenous markups in a Ricardian world," Globalization Institute Working Papers 67, Federal Reserve Bank of Dallas.
    40. Razafindrabe, Tovonony M., 2016. "A multi-country DSGE model with incomplete exchange rate pass-through: An application for the Euro-area," Economic Modelling, Elsevier, vol. 52(PA), pages 78-100.
    41. Roberto N. Fattal Jaef & Jose Ignacio Lopez, 2014. "Entry, trade costs, and international business cycles," Post-Print hal-01099623, HAL.
    42. Goetz, D. & Rodnyansky, A., 2019. "Exchange Rate Shocks and Quality Adjustments," Cambridge Working Papers in Economics 1915, Faculty of Economics, University of Cambridge.
    43. Alexis Antoniades & Nicola Zaniboni, 2016. "Exchange Rate Pass‐Through Into Retail Prices," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(4), pages 1425-1447, November.
    44. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "Les ajustements individuels de prix à la consommation en France : de nouveaux résultats sur la période 2003-2011," Économie et Statistique, Programme National Persée, vol. 460(1), pages 5-35.
    45. Harms, Philipp & Beck, Günter & Hussain, Muzammil & Ruszel, Mark, 2024. "Anti-poor and anti-rich: product-downgrading and the distributional effects of UK inflation in the wake of the Brexit vote," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302365, Verein für Socialpolitik / German Economic Association.
    46. Robert C. Feenstra & Benjamin R. Mandel & Marshall B. Reinsdorf & Matthew J. Slaughter, 2009. "Effects of Terms of Trade Gains and Tariff Changes on the Measurement of U.S. Productivity Growth," NBER Working Papers 15592, National Bureau of Economic Research, Inc.
    47. Benjamin R. Mandel, 2011. "The dynamics and differentiation of Latin American metal exports," Staff Reports 508, Federal Reserve Bank of New York.
    48. Jian Wang, 2014. "Understanding Trade, Exchange Rates and International Capital Flows," Annual Report, Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, pages 10-15.
    49. Md Deluair Hossen, 2023. "Exchange Rate Pass-Through and Data Frequency: Firm-Level Evidence from Bangladesh," Papers 2303.04101, arXiv.org.
    50. De Graeve, Ferre & Walentin, Karl, 2011. "Refining Stylized Facts from Factor Models of Inflation," Working Paper Series 254, Sveriges Riksbank (Central Bank of Sweden), revised 01 Oct 2013.
    51. David M. Byrne & Carol Corrado, 2020. "The Increasing Deflationary Influence of Consumer Digital Access Services," Finance and Economics Discussion Series 2020-021r1, Board of Governors of the Federal Reserve System (U.S.), revised 05 Mar 2020.
    52. Baxter, Marianne & Landry, Anthony, 2017. "IKEA: Product, pricing, and pass-through," Research in Economics, Elsevier, vol. 71(3), pages 507-520.
    53. Solórzano, Diego, 2023. "Heterogeneous exchange rate pass-through in Mexico: What drives it?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(4).
    54. Agarwal, Sumit & Chua, Yeow Hwee & Song, Changcheng, 2022. "Inflation expectations of households and the upgrading channel," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 124-138.
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    57. Gopinath, Gita & Itskhoki, Oleg & Neiman, Brent, 2012. "Trade Prices and the Global Trade Collapse of 2008–09," Scholarly Articles 11988099, Harvard University Department of Economics.
    58. Beatriz de Blas & Katheryn Russ, 2010. "Understanding Markups in the Open Economy under Bertrand Competition," NBER Working Papers 16587, National Bureau of Economic Research, Inc.
    59. Susan N. Houseman & Christopher J. Kurz & Paul Lengermann & Benjamin R. Mandel, 2010. "Offshoring bias in U.S. manufacturing: implications for productivity and value added," International Finance Discussion Papers 1007, Board of Governors of the Federal Reserve System (U.S.).
    60. Marshall Reinsdorf & Robert Yuskavage, 2018. "Offshoring, Sourcing Substitution Bias, and the Measurement of Growth in U.S. Gross Domestic Product and Productivity," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(1), pages 127-146, March.
    61. Imura, Yuko, 2016. "Endogenous trade participation with price rigidities," Journal of International Economics, Elsevier, vol. 100(C), pages 14-33.
    62. Naoko Hara & Kazuhiro Hiraki & Yoshitaka Ichise, 2015. "Changing Exchange Rate Pass-Through in Japan: Does It Indicate Changing Pricing Behavior?," Bank of Japan Working Paper Series 15-E-4, Bank of Japan.
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  24. Emi Nakamura & Jón Steinsson, 2008. "Monetary Non-Neutrality in a Multi-Sector Menu Cost Model," NBER Working Papers 14001, National Bureau of Economic Research, Inc.

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    1. Burstein, Ariel Tomas & Hellwig, Christian, 2007. "Prices and Market Shares in a Menu Cost Model," CEPR Discussion Papers 6504, C.E.P.R. Discussion Papers.
    2. Marco Airaudo & Salvatore Nisticò & Luis‐Felipe Zanna, 2015. "Learning, Monetary Policy, and Asset Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(7), pages 1273-1307, October.
    3. Frank Smets & Joris Tielens & Jan Van Hove, 2018. "Pipeline Pressures and Sectoral Inflation Dynamics," Working Paper Research 351, National Bank of Belgium.
    4. 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.
    5. Oleksiy Kryvtsov & Virgiliu Midrigan, 2013. "Inventories, Markups, and Real Rigidities in Menu Cost Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(1), pages 249-276.
    6. Dobronravova, E., 2022. "Industry effects of monetary policy in Russia: Econometric analysis," Journal of the New Economic Association, New Economic Association, vol. 55(3), pages 45-60.
    7. Kehoe, Patrick & Midrigan, Virgiliu, 2015. "Prices are sticky after all," Journal of Monetary Economics, Elsevier, vol. 75(C), pages 35-53.
    8. Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2023. "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 506-520, December.
    9. Kenza Benhima, 2013. "Booms and Busts with dispersed information," Cahiers de Recherches Economiques du Département d'économie 13.11, Université de Lausanne, Faculté des HEC, Département d’économie.
    10. Fernando Alvarez & Francesco Lippi & Juan Passadore, 2016. "Are State- and Time-Dependent Models Really Different?," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 379-457, National Bureau of Economic Research, Inc.
    11. Di Giovanni, Julian & Kalemli-Özcan, Ṣebnem & Silva, Alvaro & Yıldırım, Muhammed A., 2023. "Pandemic-Era Inflation Drivers and Global Spillovers," CEPR Discussion Papers 18628, C.E.P.R. Discussion Papers.
    12. Maćkowiak, Bartosz & Wiederholt, Mirko, 2009. "Optimal sticky prices under rational inattention," Working Paper Series 1009, European Central Bank.
    13. Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
    14. Fernando Alvarez & Hervé Le Bihan & Francesco Lippi, 2013. "Small and Large Price Changes and the Propagation of Monetary Shocks," EIEF Working Papers Series 1318, Einaudi Institute for Economics and Finance (EIEF), revised Aug 2013.
    15. Mihaela Simionescu & Nicolas Schneider & Beata Gavurova, 2024. "A Bayesian vector-autoregressive application with time-varying parameters on the monetary shocks–production network nexus," Journal of Applied Economics, Taylor & Francis Journals, vol. 27(1), pages 2395114-239, December.
    16. Michael Woodford, 2008. "Information-Constrained State-Dependent Pricing," NBER Working Papers 14620, National Bureau of Economic Research, Inc.
    17. Ernesto Pastén & Raphael Schoenle & Michael Weber, 2018. "The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy," NBER Working Papers 25303, National Bureau of Economic Research, Inc.
    18. Herings, P. Jean-Jacques, 2018. "Equilibrium and matching under price controls," Journal of Economic Theory, Elsevier, vol. 177(C), pages 222-244.
    19. Makoto Nirei & José A. Scheinkman, 2019. "Self-Organization of Inflation Volatility," IMES Discussion Paper Series 19-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
    20. Reinelt, Timo & Meier, Matthias, 2020. "Monetary policy, markup dispersion, and aggregate TFP," Working Paper Series 2427, European Central Bank.
    21. Luigi Paciello & Andrea Pozzi & Nicholas Trachter, 2019. "Price Dynamics With Customer Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(1), pages 413-446, February.
    22. Taoxiong Liu & Huolan Cheng & Jianping Liu & Zhen Sun, 2025. "Online Market Resilience to Economic Shocks: Evidence Based on Price Dispersion from the COVID-19 Outbreak in China," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 66(3), pages 397-413, March.
    23. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    24. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    25. Makoto Nirei & José A. Scheinkman, 2021. "Repricing Avalanches," CARF F-Series CARF-F-510, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    26. Berka, Martin & Devereux, Michael B. & Rudolph, Thomas, 2011. "Price setting in a leading Swiss online supermarket," Working Paper Series 18597, Victoria University of Wellington, School of Economics and Finance.
    27. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    28. Engin Kara, 2012. "Using Micro Data on Prices to Improve Business Cycle Models," Bristol Economics Discussion Papers 12/632, School of Economics, University of Bristol, UK.
    29. Eichenbaum, Martin & Christiano, Lawrence J. & Linde, Jesper & Altig, David E, 2005. "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," CEPR Discussion Papers 4858, C.E.P.R. Discussion Papers.
    30. Sushant Acharya & Keshav Dogra, 2020. "Understanding HANK: Insights From a PRANK," Econometrica, Econometric Society, vol. 88(3), pages 1113-1158, May.
    31. Bart Hobijn, 2020. "The Supply-Side Origins of U.S. Inflation," Central Banking, Analysis, and Economic Policies Book Series, in: Gonzalo Castex & Jordi Galí & Diego Saravia (ed.),Changing Inflation Dynamics,Evolving Monetary Policy, edition 1, volume 27, chapter 7, pages 227-268, Central Bank of Chile.
    32. Luigi Paciello, 2008. "The Response of Prices to Technology and Monetary Policy Shocks under Rational Inattention," EIEF Working Papers Series 0816, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2007.
    33. Ernesto Pasten & Raphael S. Schoenle & Michael Weber & Michael Weber, 2018. "Price Rigidity and the Origins af Aggregate Fluctuations," CESifo Working Paper Series 7190, CESifo.
    34. Simionescu, Mihaela & Schneider, Nicolas, 2023. "Monetary shocks and production network in the G7 countries," LSE Research Online Documents on Economics 123040, London School of Economics and Political Science, LSE Library.
    35. De Santis, Roberto A. & Tornese, Tommaso, 2023. "Energy supply shocks’ nonlinearities on output and prices," Working Paper Series 2834, European Central Bank.
    36. Antoine Mandel & Vipin Veetil, 2021. "Monetary dynamics in a network economy," PSE-Ecole d'économie de Paris (Postprint) halshs-03165773, HAL.
    37. francesco lippi & Luigi Paciello & Fernando Alvarez, 2012. "Monetary Shocks with Observation and Menu Costs," 2012 Meeting Papers 439, Society for Economic Dynamics.
    38. Laumer, Sebastian & Schaffer, Matthew, 2025. "Monetary policy transmission under supply chain pressure," European Economic Review, Elsevier, vol. 172(C).
    39. P. Herings, 2014. "General equilibrium and the new neoclassical synthesis," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(3), pages 437-477, November.
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    41. Carvalho, Carlos & Nechio, Fernanda, 2018. "Approximating multisector New Keynesian models," Economics Letters, Elsevier, vol. 163(C), pages 193-196.
    42. Cavallo, Alberto & Lippi, Francesco & Miyahara, Ken, 2023. "Large shocks travel fast," CEPR Discussion Papers 18413, C.E.P.R. Discussion Papers.
    43. Marco Airaudo & María Pía Olivero, 2014. "Optimal Monetary Policy with Counter-Cyclical Credit Spreads," School of Economics Working Paper Series 2014-1, LeBow College of Business, Drexel University.
    44. Phaneuf, Louis & Sims, Eric & Victor, Jean Gardy, 2018. "Inflation, output and markup dynamics with purely forward-looking wage and price setters," European Economic Review, Elsevier, vol. 105(C), pages 115-134.
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  25. Jon Steinsson, 2005. "The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models," Economics wp28_jonst, Department of Economics, Central bank of Iceland.

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    1. Ricardo A. López & Huong D. Nguyen, 2015. "Real Exchange Rate Volatility and Imports of Intermediate Inputs: A Microeconometric Analysis of Manufacturing Plants," Review of International Economics, Wiley Blackwell, vol. 23(5), pages 972-995, November.
    2. Pau Rabanal & Vicente Tuesta, 2013. "Nontradable Goods and the Real Exchange Rate," Open Economies Review, Springer, vol. 24(3), pages 495-535, July.
    3. Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019. "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers 13597, C.E.P.R. Discussion Papers.
    4. Andres Blanco & Javier Cravino, 2018. "Price Rigidities and Relative PPP," NBER Working Papers 24655, National Bureau of Economic Research, Inc.
    5. Carlos Carvalho & Fernanda Nechio & Fang Yao, 2014. "Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models," Working Paper Series 2014-17, Federal Reserve Bank of San Francisco.
    6. Hyeongwoo Kim & Ippei Fujiwara & Bruce E. Hansen & Masao Ogaki, 2015. "Purchasing Power Parity and the Taylor Rule," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(6), pages 874-903, September.
    7. Fabrice Dabiré, 2022. "Forward guidance and the exchange rate: A theoretical sign restricted VAR analysis," Cahiers de recherche 22-03, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    8. jae sim & Raphael Schoenle & Egon Zakrajsek & Simon Gilchrist, 2015. "Financial Heterogeneity and Monetary Union," 2015 Meeting Papers 1327, Society for Economic Dynamics.
    9. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    10. M. Fatih Ekinci, 2013. "Inattentive Consumers and Exchange Rate Volatility," Working Papers 1325, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    11. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2020. "A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate," NBER Working Papers 27420, National Bureau of Economic Research, Inc.
    12. Kano, Takashi & 加納, 隆, 2021. "Trend Inflation and Exchange Rate Dynamics : A New Keynesian Approach," Discussion paper series HIAS-E-38, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    13. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    14. Yamin Ahmad & Ming Chien Lo & Olena Mykhaylova, 2011. "Volatility and Persistence of Simulated DSGE Real Exchange Rates," Working Papers 11-01, UW-Whitewater, Department of Economics, revised Nov 2012.
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    16. Wataru Miyamoto & Thuy Lan Nguyen & Hyunseung Oh, 2023. "In Search of Dominant Drivers of the Real Exchange Rate," International Finance Discussion Papers 1373, Board of Governors of the Federal Reserve System (U.S.).
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    19. Carlos Carvalho & Fernanda Nechio, 2012. "Real exchange rate dynamics in sticky-price models with capital," Working Paper Series 2012-08, Federal Reserve Bank of San Francisco.
    20. Ryan Chahrour & Vito Cormun & Pierre De Leo & Pablo A. Guerrón-Quintana & Rosen Valchev, 2024. "Exchange Rate Disconnect Revisited," NBER Working Papers 32596, National Bureau of Economic Research, Inc.
    21. Hyeongwoo Kim & Nazif Durmaz, 2010. "Bias Correction and Out-of-Sample Forecast Accuracy," Auburn Economics Working Paper Series auwp2010-02, Department of Economics, Auburn University.
    22. Ippei Fujiwara & Yuki Teranishi, 2013. "Financial Stability in Open Economies," CAMA Working Papers 2013-71, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    23. Gehrke, Britta & Yao, Fang, 2013. "Sources of Real Exchange Rate Fluctuations: The Role of Supply Shocks Revisited," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79821, Verein für Socialpolitik / German Economic Association.
    24. Ippei Fujiwara & Yuki Teranishi, 2015. "Financal frictions and policy cooperation: a case with monopolistic banking and staggered loan contracts," Globalization Institute Working Papers 237, Federal Reserve Bank of Dallas.
    25. Hyeongwoo Kim & Deockhyun Ryu, 2015. "Measuring the Speed of Convergence of Stock Prices: A Nonparametric and Nonlinear Approach," Auburn Economics Working Paper Series auwp2015-08, Department of Economics, Auburn University.
    26. Miyamoto, Wataru & Nguyen, Thuy Lan & Sheremirov, Viacheslav, 2019. "The effects of government spending on real exchange rates: Evidence from military spending panel data," Journal of International Economics, Elsevier, vol. 116(C), pages 144-157.
    27. Kim, Hyeongwoo & Ryu, Deockhyun, 2015. "A nonparametric study of real exchange rate persistence over a century," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 406-418.
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    29. Margarida Duarte & Michael Dotsey, 2011. "How Important is the Currency Denomination of Exports in Open Economy Models?," 2011 Meeting Papers 380, Society for Economic Dynamics.
    30. Abid, Abir, 2020. "Economic policy uncertainty and exchange rates in emerging markets: Short and long runs evidence," Finance Research Letters, Elsevier, vol. 37(C).
    31. Gehrke, Britta & Yao, Fang, 2017. "Are supply shocks important for real exchange rates? A fresh view from the frequency-domain," Journal of International Money and Finance, Elsevier, vol. 79(C), pages 99-114.
    32. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2010. "Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?," NBER Working Papers 16081, National Bureau of Economic Research, Inc.
    33. Onishchenko Kateryna, 2011. "Can a pure real business cycle model explain the real exchange rate: the case of Ukraine," EERC Working Paper Series 11/04e, EERC Research Network, Russia and CIS.
    34. Enrique Martínez García & Jens Sondergaard, 2008. "The real exchange rate in sticky price models: does investment matter?," Globalization Institute Working Papers 17, Federal Reserve Bank of Dallas.
    35. Bergin, Paul R. & Glick, Reuven & Wu, Jyh-Lin, 2014. "Mussa redux and conditional PPP," Journal of Monetary Economics, Elsevier, vol. 68(C), pages 101-114.
    36. Pau Rabanal & Juan F. Rubio-Ramirez, 2015. "Can international macroeconomic models explain low-frequency movements of real exchange rates?," Working Papers 1508, BBVA Bank, Economic Research Department.
    37. Ethan Cohen-Cole & Enrique Martinez-Garcia, 2009. "The Balance Sheet Channel," Working Papers Central Bank of Chile 537, Central Bank of Chile.
    38. Paul R. Bergin & Reuven Glick & Jyh-Lin Wu, 2016. "Conditional PPP and Real Exchange Rate Convergence in the Euro Area," NBER Working Papers 21979, National Bureau of Economic Research, Inc.
    39. Fujiwara, Ippei & Teranishi, Yuki, 2011. "Real exchange rate dynamics revisited: A case with financial market imperfections," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1562-1589.
    40. M S Eichenbaum & B K Johannsen & S T Rebelo, 2021. "Monetary Policy and the Predictability of Nominal Exchange Rates," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 192-228.
    41. Nakamura, Fumitaka, 2022. "The origin of the law of one price deviations: Insights from the good-level real exchange rate volatility," Journal of International Money and Finance, Elsevier, vol. 128(C).
    42. Dudley Cooke & Engin Kara, 2018. "Can Trend Inflation Solve the Delayed Overshooting Puzzle?," Globalization Institute Working Papers 334, Federal Reserve Bank of Dallas.
    43. Ahmad, Yamin & Lo, Ming Chien & Mykhaylova, Olena, 2013. "Causes of nonlinearities in low-order models of the real exchange rate," Journal of International Economics, Elsevier, vol. 91(1), pages 128-141.
    44. Hyunjoo Ryou & Cristina Terra, 2015. "Exchange Rate Dynamics under Financial Market Frictions," THEMA Working Papers 2015-03, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    45. Liutang Gong & Chan Wang & Heng-fu Zou, 2016. "Optimal monetary policy with international trade in intermediate inputs," CEMA Working Papers 604, China Economics and Management Academy, Central University of Finance and Economics.
    46. Carlos Carvalho & Fernanda Nechio, 2010. "Aggregation and the PPP puzzle in a sticky-price model," Working Paper Series 2010-06, Federal Reserve Bank of San Francisco.
    47. Rodrigo Caputo & Gustavo Leyva & Michael Pedersen, 2014. "The Changing Nature of Real Exchange Rate Fluctuations. New Evidence for Inflation-Targeting Countries," Working Papers Central Bank of Chile 730, Central Bank of Chile.
    48. Bernd Kempa, 2018. "Taylor Rule Reaction Coefficients And Real Exchange Rate Persistence," Bulletin of Economic Research, Wiley Blackwell, vol. 70(1), pages 64-73, January.
    49. Martin Berka & Daan Steenkamp, 2018. "Deviations in real exchange rate levels in the OECD countries and their structural determinants," Working Papers 4, New Zealand Centre of Macroeconomics.
    50. Berger, Allen N. & Bouwman, Christa H.S., 2017. "Bank liquidity creation, monetary policy, and financial crises," Journal of Financial Stability, Elsevier, vol. 30(C), pages 139-155.
    51. Bacchetta, Philippe & van Wincoop, Eric, 2019. "Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment," CEPR Discussion Papers 13839, C.E.P.R. Discussion Papers.
    52. Francesco Bianchi & Andrea Civelli, 2013. "Globalization and Inflation: Structural Evidence from a Time Varying VAR Approach," Working Papers 13-20, Duke University, Department of Economics.
    53. Ippei Fujiwara & Yuki Teranishi, 2008. "Real Exchange Rate Dynamics under Staggered Loan Contracts," IMES Discussion Paper Series 08-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
    54. Paul R. Bergin & Reuven Glick & Jyh-Lin Wu, 2010. "The micro-macro disconnect of purchasing power parity," Working Paper Series 2010-14, Federal Reserve Bank of San Francisco.
    55. Charles Engel, 2017. "Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy," GRU Working Paper Series GRU_2017_011, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    56. Bianca De Paoli & Jens Søndergaard, 2017. "Revisiting the Forward Premium Anomaly Using Consumption Habits: A New Keynesian Model," Economica, London School of Economics and Political Science, vol. 84(335), pages 516-540, July.
    57. Crucini, Mario J. & Shintani, Mototsugu & Tsuruga, Takayuki, 2014. "Real exchange rate dynamics in sticky wage models," Economics Letters, Elsevier, vol. 123(2), pages 160-163.
    58. Nam, Deokwoo & Wang, Jian, 2015. "The effects of surprise and anticipated technology changes on international relative prices and trade," Journal of International Economics, Elsevier, vol. 97(1), pages 162-177.
    59. Gehrke, Britta & Yao, Fang, 2014. "Phillips curve shocks and real exchange rate fluctuations: SVAR evidence," FAU Discussion Papers in Economics 11/2014, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    60. Luciana Juvenal, 2009. "Sources of exchange rate fluctuations: are they real or nominal?," Working Papers 2009-040, Federal Reserve Bank of St. Louis.
    61. Enrique Martínez-García, 2016. "A Quantitative Assessment of the Role of Incomplete Asset Markets on the Dynamics of the Real Exchange Rate," Open Economies Review, Springer, vol. 27(5), pages 945-967, November.
    62. Pedro Gomis-Porqueras & Timothy Kam & Junsang Lee, 2010. "Money, Capital And Exchange Rate Fluctuations," ANU Working Papers in Economics and Econometrics 2010-534, Australian National University, College of Business and Economics, School of Economics.
    63. Kamalyan, Hayk, 2023. "Real exchange rate dynamics in the New-Keynesian model," International Economics, Elsevier, vol. 174(C), pages 250-255.
    64. Jiang, Shifu, 2017. "The cause of an integral correction mechanism of the real exchange rate," Economics Letters, Elsevier, vol. 161(C), pages 66-70.
    65. Candian, Giacomo, 2019. "Information frictions and real exchange rate dynamics," Journal of International Economics, Elsevier, vol. 116(C), pages 189-205.
    66. Kenneth Rogoff, 2009. "Exchange rates in the modern floating era: what do we really know?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(1), pages 1-12, April.
    67. Takashi Kano, 2021. "Exchange Rates and Fundamentals: A General Equilibrium Exploration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 95-117, February.
    68. Ricardo Lopez, 2015. "Long Real Exchange Rate Volatility and Imports of Intermediate Inputs: A Microeconometric Analysis of Manufacturing Plants," Working Papers 86, Brandeis University, Department of Economics and International Business School.
    69. Enrique Martínez García, 2011. "A redux of the workhorse NOEM model with capital accumulation and incomplete asset markets," Globalization Institute Working Papers 74, Federal Reserve Bank of Dallas.
    70. Galina V. Kolev, 2015. "On the nature of shocks driving exchange rates in emerging economies," FIW Working Paper series 146, FIW.
    71. Gil-Alana, Luis Alberiko & Trani, Tommaso, 2019. "An examination of trade-weighted real exchange rates based on fractional integration," International Economics, Elsevier, vol. 158(C), pages 64-76.
    72. Kim, Hyeongwoo, 2009. "On the usefulness of the contrarian strategy across national stock markets: A grid bootstrap analysis," Journal of Empirical Finance, Elsevier, vol. 16(5), pages 734-744, December.
    73. Ekinci, Mehmet Fatih, 2017. "Inattentive consumers and international business cycles," Journal of International Money and Finance, Elsevier, vol. 72(C), pages 1-27.
    74. Blanco, Andrés & Cravino, Javier, 2020. "Price rigidities and the relative PPP," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 104-116.
    75. Yusuf Ömür Yılmaz, 2021. "Real Exchange Rate Dynamics in Model with Habit Formation," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 35(1), pages 26-49.
    76. Kim, Hyeongwoo, 2012. "VECM estimations of the PPP reversion rate revisited: The conventional role of relative price adjustment restored," Journal of Macroeconomics, Elsevier, vol. 34(1), pages 223-238.
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  26. Emi Nakamura & Jon Steinsson, 2005. "Price Setting in a Forward-Looking Customer Market," Macroeconomics 0509010, University Library of Munich, Germany.

    Cited by:

    1. Guimaraes, Bernardo & Sheedy, Kevin D., 2008. "Sales and monetary policy," LSE Research Online Documents on Economics 25492, London School of Economics and Political Science, LSE Library.
    2. Di Pace, F. & Faccini, R., 2012. "Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 183-200.
    3. Ravn, Morten O. & Schmitt-Grohe, Stephanie & Uribe, Martín & Uuskula, Lenno, 2010. "Deep habits and the dynamic effects of monetary policy shocks," Journal of the Japanese and International Economies, Elsevier, vol. 24(2), pages 236-258, June.
    4. Daniel Levy & Andrew T. Young, 2020. "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," Working Papers 2020-07, Bar-Ilan University, Department of Economics.
    5. Levy, Daniel & Snir, Avichai & Gotler, Alex & Chen, Haipeng (Allan), 2019. "Not all price endings are created equal: Price points and asymmetric price rigidity," MPRA Paper 91360, University Library of Munich, Germany.
    6. Luigi Paciello & Andrea Pozzi & Nicholas Trachter, 2019. "Price Dynamics With Customer Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(1), pages 413-446, February.
    7. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    8. Jean-Paul L'Huillier & Gregory Phelan, 2025. "Can Supply Shocks Be Inflationary with a Flat Phillips Curve?," International Journal of Central Banking, International Journal of Central Banking, vol. 21(2), pages 77-145, April.
    9. B. Verhelst & D. Van Den Poel, 2012. "Implicit Contracts and Price Stickiness: Evidence from Customer-Level Scanner Data," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/776, Ghent University, Faculty of Economics and Business Administration.
    10. Sourav Ray & Avichai Snir & Daniel Levy, 2023. "Retail pricing format and rigidity of regular prices," Economica, London School of Economics and Political Science, vol. 90(360), pages 1173-1203, October.
    11. Inge van den Bijgaart, 2018. "Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy," CESifo Working Paper Series 6958, CESifo.
    12. Ramon Marimon & Juan Pablo Nicolini & Pedro Teles, "undated". "Money is an Experience Good: Competition and Trust in the Private Provision of Money," Working Papers 563, Barcelona School of Economics.
    13. Villas-Boas, Sofia B & Perloff, Jeff & Berck, Peter & Brown, Jen, 2008. "Sales: Tests of Theories on Causality and Timing," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0076k5r6, Department of Agricultural & Resource Economics, UC Berkeley.
    14. Levy, Daniel & Lee, Dongwon & Chen, Haipeng (Allan) & Kauffman, Robert & Bergen, Mark, 2007. "Price Points and Price Rigidity," MPRA Paper 1472, University Library of Munich, Germany.
    15. , & ,, 2014. "Regular prices and sales," Theoretical Economics, Econometric Society, vol. 9(1), January.
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    17. Sungki Hong, 2017. "Customer Capital, Markup Cyclicality, and Amplification," Working Papers 2017-33, Federal Reserve Bank of St. Louis.
    18. Pascal Michaillat & Emmanuel Saez, 2014. "Aggregate Demand, Idle Time, and Unemployment," Discussion Papers 1419, Centre for Macroeconomics (CFM).
    19. Radoslaw Paluszynski & Pei Cheng, 2019. "Pay What Your Dad Paid: Commitment and Price Rigidity in the Market for Life Insurance," Discussion Papers 2019-02, School of Economics, The University of New South Wales.
    20. Selcuk, Cemil & Gokpinar, Bilal, 2017. "Fixed vs. Flexible Pricing in a Competitive Market," Cardiff Economics Working Papers E2017/9, Cardiff University, Cardiff Business School, Economics Section.
    21. George A. Akerlof, 2007. "The Missing Motivation in Macroeconomics," American Economic Review, American Economic Association, vol. 97(1), pages 5-36, March.
    22. Benjamin Verhelst & Dirk Van den Poel, 2014. "Deep habits in consumption: a spatial panel analysis using scanner data," Empirical Economics, Springer, vol. 47(3), pages 959-976, November.
    23. Chris Edmond & Laura Veldkamp, 2006. "Income dispersion, asymmetric information and fluctuations in market efficiency," 2006 Meeting Papers 717, Society for Economic Dynamics.
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    25. Mulder, M. & Willems, Bert, 2016. "Competition in Retail Electricity Markets : An Assessment of Ten Years Dutch Experience," Other publications TiSEM 2244d9a8-abf3-464d-aad7-e, Tilburg University, School of Economics and Management.
    26. Banerjee, Ryan & Contreras, Juan & Mehrotra, Aaron & Zampolli, Fabrizio, 2024. "Inflation at risk in advanced and emerging market economies," Journal of International Money and Finance, Elsevier, vol. 142(C).
    27. Snir, Avichai & Levy, Daniel, 2021. "If You Think 9-Ending Prices Are Low, Think Again," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(1 (Forthc).
    28. Roldan-Blanco, Pau & Gilbukh, Sonia, 2021. "Firm dynamics and pricing under customer capital accumulation," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 99-119.
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    30. Filip Matějka, 2016. "Rationally Inattentive Seller: Sales and Discrete Pricing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(3), pages 1125-1155.
    31. Bin-Tzong Chie & Shu-Heng Chen, 2014. "Competition in a New Industrial Economy: Toward an Agent-Based Economic Model of Modularity," Administrative Sciences, MDPI, vol. 4(3), pages 1-27, July.
    32. Ali Choudhary & Thorlakur Karlsson & Gylfi Zoega, 2009. "Survey Evidence on Customer Markets," Economics wp45, Department of Economics, Central bank of Iceland.
    33. van den Bijgaart, Inge, 2016. "Essays in environmental economics and policy," Other publications TiSEM 298bee2a-cb08-4173-9fe1-8, Tilburg University, School of Economics and Management.
    34. Darryl Biggar & Matthieu Glachant & Magnus Söderberg, 2018. "Monopoly regulation when customers need to make sunk investments: evidence from the Swedish district heating sector," Journal of Regulatory Economics, Springer, vol. 54(1), pages 14-40, August.
    35. Tim Willems, 2017. "Actively Learning by Pricing: A Model of an Experimenting Seller," Economic Journal, Royal Economic Society, vol. 127(604), pages 2216-2239, September.
    36. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2014. "Currency Unions, Product Introductions, and the Real Exchange Rate," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 529-595.
    37. Isaac Kleshchelski & Nicolas Vincent, 2007. "Market Share and Price Rigidity," Cahiers de recherche 08-01, HEC Montréal, Institut d'économie appliquée.
    38. James Albrecht & Fabien Postel‐Vinay & Susan Vroman, 2013. "An Equilibrium Search Model Of Synchronized Sales," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(2), pages 473-493, May.
    39. Ramon Marimon & Juan Pablo Nicolini & Pedro Teles, 2012. "Money is an experience good: competition and trust in the private provision of money," Staff Report 467, Federal Reserve Bank of Minneapolis.
    40. van den Bijgaart, I.M., 2017. "Too slow a change? Deep habits, consumption shifts and transitory tax," Working Papers in Economics 701, University of Gothenburg, Department of Economics.
    41. Luís Cabral & Arthur Fishman, 2011. "Business as Usual: A Consumer Search Theory of Sticky Prices and Asymmetric Price Adjustment," Working Papers 2011-01, Bar-Ilan University, Department of Economics.
    42. Philip King & Stephen Millard, 2014. "Modelling the service sector," Discussion Papers 1401, Centre for Macroeconomics (CFM).
    43. Biggar, Darryl & Söderberg, Magnus, 2020. "Empirical analysis of how political ideology and ownership influence price stability in the Swedish district heating market," Energy Policy, Elsevier, vol. 145(C).
    44. Gallin, Joshua & Verbrugge, Randal J., 2019. "A theory of sticky rents: Search and bargaining with incomplete information," Journal of Economic Theory, Elsevier, vol. 183(C), pages 478-519.
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Articles

  1. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2017. "The Discounted Euler Equation: A Note," Economica, London School of Economics and Political Science, vol. 84(336), pages 820-831, October.
    See citations under working paper version above.
  2. Emi Nakamura & Dmitriy Sergeyev & Jón Steinsson, 2017. "Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 1-39, January.
    See citations under working paper version above.
  3. Anderson, Eric & Malin, Benjamin A. & Nakamura, Emi & Simester, Duncan & Steinsson, Jón, 2017. "Informational rigidities and the stickiness of temporary Sales," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 64-83.
    See citations under working paper version above.
  4. Emi Nakamura & Jón Steinsson & Miao Liu, 2016. "Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(3), pages 113-144, July.
    See citations under working paper version above.
  5. Alisdair McKay & Emi Nakamura & Jón Steinsson, 2016. "The Power of Forward Guidance Revisited," American Economic Review, American Economic Association, vol. 106(10), pages 3133-3158, October.
    See citations under working paper version above.
  6. Emi Nakamura & J?n Steinsson, 2014. "Fiscal Stimulus in a Monetary Union: Evidence from US Regions," American Economic Review, American Economic Association, vol. 104(3), pages 753-792, March.
    See citations under working paper version above.
  7. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," Annual Review of Economics, Annual Reviews, vol. 5(1), pages 133-163, May.
    See citations under working paper version above.
  8. Emi Nakamura & Jón Steinsson & Robert Barro & José Ursúa, 2013. "Crises and Recoveries in an Empirical Model of Consumption Disasters," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 35-74, July.
    See citations under working paper version above.
  9. Emi Nakamura & Jón Steinsson, 2012. "Lost in Transit: Product Replacement Bias and Pricing to Market," American Economic Review, American Economic Association, vol. 102(7), pages 3277-3316, December.
    See citations under working paper version above.
  10. Nakamura, Emi & Steinsson, Jón, 2011. "Price setting in forward-looking customer markets," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.
    See citations under working paper version above.
  11. Emi Nakamura & Jón Steinsson, 2010. "Monetary Non-neutrality in a Multisector Menu Cost Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 961-1013.
    See citations under working paper version above.
  12. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.

    Cited by:

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    4. Bachas, Pierre & Gadenne, Lucie & Jensen, Anders, 2020. "Informality, Consumption Taxes and Redistribution," CAGE Online Working Paper Series 487, Competitive Advantage in the Global Economy (CAGE).
    5. Guerron-Quintana, Pablo A., 2011. "The implications of inflation in an estimated new Keynesian model," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 947-962, June.
    6. Burstein, Ariel Tomas & Hellwig, Christian, 2007. "Prices and Market Shares in a Menu Cost Model," CEPR Discussion Papers 6504, C.E.P.R. Discussion Papers.
    7. Böheim, René & Hackl, Franz & Hölzl-Leitner, Michael, 2021. "The impact of price adjustment costs on price dispersion in e-commerce," International Journal of Industrial Organization, Elsevier, vol. 77(C).
    8. Lorant, Kaszab, 2011. "Fiscal multipliers are not necessarily that large: a comment on Eggertsson (2010)," MPRA Paper 35612, University Library of Munich, Germany, revised 16 Dec 2011.
    9. Garga, Vaishali & Singh, Sanjay R., 2021. "Output hysteresis and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 871-886.
    10. Mikael Carlsson & Oskar Nordstrom Skans, 2012. "Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost," American Economic Review, American Economic Association, vol. 102(4), pages 1571-1595, June.
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    30. Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2013. "Household Leveraging and Deleveraging," CEPR Discussion Papers 9671, C.E.P.R. Discussion Papers.
    31. Richard Davies, 2021. "Prices and inflation in a pandemic - a micro data approach," CEP Covid-19 Analyses cepcovid-19-017, Centre for Economic Performance, LSE.
    32. F. Alvarez & F. Lippi & L. Paciello, 2010. "Optimal price setting with observation and menu costs," 2010 Meeting Papers 478, Society for Economic Dynamics.
    33. Aysoy, Cem & Aysoy, Cevriye & Tumen, Semih, 2014. "Quantifying and Explaining Stickiness in Housing Rents: A Turkish Case Study with Micro-Level Data," MPRA Paper 55292, University Library of Munich, Germany.
    34. Isaac Baley & Andrés Blanco, 2019. "Firm Uncertainty Cycles and the Propagation of Nominal Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 276-337, January.
    35. Yuriy Gorodnichenko & Viacheslav Sheremirov & Oleksandr Talavera, 2018. "Price Setting in Online Markets: Does IT Click?," Journal of the European Economic Association, European Economic Association, vol. 16(6), pages 1764-1811.
    36. Jerzy D. Konieczny, 2006. "Discussion of: Lumpy Price Adjustments: A Microeconometric Analysis," Working Papers jk0035, Wilfrid Laurier University, Department of Economics, revised 1970.
    37. Mykhaylova Olena & Staveley-O’Carroll James, 2014. "International transmission of productivity shocks with nonzero net foreign debt," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 579-624, January.
    38. Kehoe, Patrick & Midrigan, Virgiliu, 2015. "Prices are sticky after all," Journal of Monetary Economics, Elsevier, vol. 75(C), pages 35-53.
    39. Demetris Koursaros & Nektarios Michail & Niki Papadopoulou & Christos Savva, 2023. "Sales and promotions and the great recession deflation," Empirical Economics, Springer, vol. 64(1), pages 349-392, January.
    40. Nao Sudo, 2012. "Sectoral Comovement, Monetary Policy Shocks, and Input–Output Structure," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(6), pages 1225-1244, September.
    41. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2020. "Price, sales, and the business cycle: a time series principal component analysis," GLO Discussion Paper Series 735, Global Labor Organization (GLO).
    42. Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2023. "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 506-520, December.
    43. Aguirregabiria, Victor & Nevo, Aviv, 2010. "Recent developments in empirical IO: dynamic demand and dynamic games," MPRA Paper 27814, University Library of Munich, Germany.
    44. Olivier Coibion & Yuriy Gorodnichenko & Johannes F. Wieland, 2010. "The Optimal Inflation Rate in New Keynesian Models," NBER Working Papers 16093, National Bureau of Economic Research, Inc.
    45. Cho, Daeha & Kim, Kwang Hwan, 2022. "Inefficient relative price fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    46. Di Giovanni, Julian & Kalemli-Özcan, Ṣebnem & Silva, Alvaro & Yıldırım, Muhammed A., 2023. "Pandemic-Era Inflation Drivers and Global Spillovers," CEPR Discussion Papers 18628, C.E.P.R. Discussion Papers.
    47. Daniel Melser, 2016. "Prices over the business cycle: micro-level evidence from scanner data," Economics Bulletin, AccessEcon, vol. 36(4), pages 1922-1928.
    48. Fabiani, Silvia & Porqueddu, Mario, 2017. "Changing prices... changing times: evidence for Italy," Working Paper Series 2002, European Central Bank.
    49. Gwin, Carl R. & VanHoose, David D., 2008. "Alternative measures of marginal cost and inflation in estimations of new Keynesian inflation dynamics," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 928-940, September.
    50. Maćkowiak, Bartosz & Wiederholt, Mirko, 2009. "Optimal sticky prices under rational inattention," Working Paper Series 1009, European Central Bank.
    51. Olivier Coibion & Yuriy Gorodnichenko, 2013. "Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation," NBER Chapters, in: Lessons from the Financial Crisis for Monetary Policy, National Bureau of Economic Research, Inc.
    52. Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
    53. Cantelmo, Alessandro & Melina, Giovanni, 2023. "Sectoral labor mobility and optimal monetary policy," Macroeconomic Dynamics, Cambridge University Press, vol. 27(1), pages 1-26, January.
    54. Inderst, Roman & Pfeil, Sebastian, 2014. "An "Image Theory" of RPM," MPRA Paper 54139, University Library of Munich, Germany.
    55. Brent Bundick & A. Lee Smith, 2020. "The Dynamic Effects of Forward Guidance Shocks," The Review of Economics and Statistics, MIT Press, vol. 102(5), pages 946-965, December.
    56. Fernando Alvarez & Hervé Le Bihan & Francesco Lippi, 2013. "Small and Large Price Changes and the Propagation of Monetary Shocks," EIEF Working Papers Series 1318, Einaudi Institute for Economics and Finance (EIEF), revised Aug 2013.
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  13. Jón Steinsson, 2008. "The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models," American Economic Review, American Economic Association, vol. 98(1), pages 519-533, March.
    See citations under working paper version above.
  14. Steinsson, Jon, 2003. "Optimal monetary policy in an economy with inflation persistence," Journal of Monetary Economics, Elsevier, vol. 50(7), pages 1425-1456, October.
    See citations under working paper version above.

Chapters

  1. Adam Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2020. "What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 175-223, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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