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Andrea Ajello

Personal Details

First Name:Andrea
Middle Name:
Last Name:Ajello
Suffix:
RePEc Short-ID:paj16
[This author has chosen not to make the email address public]
https://sites.google.com/site/ajelloandrea/
Board of Governors of the Federal Reserve System, Division of Monetary Affairs Monetary Studies Section MS 76 20th & Constitution Ave. NW 20551 Washington DC, USA
Terminal Degree: Department of Economics; Northwestern University (from RePEc Genealogy)

Affiliation

Federal Reserve Board (Board of Governors of the Federal Reserve System)

Washington, District of Columbia (United States)
http://www.federalreserve.gov/

:

20th Street and Constitution Avenue, NW, Washington, DC 20551
RePEc:edi:frbgvus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Andrea Ajello & Thomas Laubach & J. David Lopez-Salido & Taisuke Nakata, 2016. "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067, Board of Governors of the Federal Reserve System (U.S.).
  2. Olena Chyruk & Luca Benzoni & Andrea Ajello, 2012. "Core and `Crust': Consumer Prices and the Term Structure of Interest Rates," 2012 Meeting Papers 922, Society for Economic Dynamics.
  3. Ajello, Andrea, 2010. "Financial intermediation, investment dynamics and business cycle fluctuations," MPRA Paper 32447, University Library of Munich, Germany, revised Mar 2011.

Articles

  1. Andrea Ajello, 2016. "Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations," American Economic Review, American Economic Association, vol. 106(8), pages 2256-2303, August.
  2. Andrea Ajello & Luca Benzoni & Olena Chyruk, 2012. "No-arbitrage restrictions and the U.S. Treasury market," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q II, pages 55-74.

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. Andrea Ajello & Thomas Laubach & J. David Lopez-Salido & Taisuke Nakata, 2016. "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067, Board of Governors of the Federal Reserve System (U.S.).

    Mentioned in:

    1. Summer’s End — and a reading list to catch up on what you may have missed
      by thebusinesscycleblog in The business cycle blog on 2016-09-03 18:41:38
    2. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
  2. Ajello, Andrea, 2010. "Financial intermediation, investment dynamics and business cycle fluctuations," MPRA Paper 32447, University Library of Munich, Germany, revised Mar 2011.

    Mentioned in:

    1. Financial intermediation, investment dynamics and business cycle fluctuations
      by Christian Zimmermann in NEP-DGE blog on 2011-08-05 08:09:24

Working papers

  1. Andrea Ajello & Thomas Laubach & J. David Lopez-Salido & Taisuke Nakata, 2016. "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Lopez-Salido, J. David & Stein, Jeremy C. & Zakrajsek, Egon, 2015. "Credit-Market Sentiment and the Business Cycle," Finance and Economics Discussion Series 2015-28, Board of Governors of the Federal Reserve System (U.S.), revised 30 Dec 2016.
    2. Pierre-Richard Agénor & Alessandro Flamini, 2016. "Institutional Mandates for Macroeconomic and Financial Stability," Centre for Growth and Business Cycle Research Discussion Paper Series 231, Economics, The Univeristy of Manchester.
    3. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2016. "Monetary policy, the financial cycle and ultra-low interest rates," BIS Working Papers 569, Bank for International Settlements.
    4. Christian Friedrich & Kristina Hess & Rose Cunningham, 2015. "Monetary Policy and Financial Stability: Cross-Country Evidence," Staff Working Papers 15-41, Bank of Canada.
    5. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Interest rates and house prices: pill or poison?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    6. Stanley Fischer, 2016. "Monetary Policy, Financial Stability, and the Zero Lower Bound," American Economic Review, American Economic Association, vol. 106(5), pages 39-42, May.
    7. Donato Masciandaro, 2014. "Macroeconomic Ideas, Business Cycles and Economic Policies: One Size Doesn’t Fit All - A Primer," BAFFI CAREFIN Working Papers 14161, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    8. François Gourio & Anil K. Kashyap & Jae Sim, 2017. "The Tradeoffs in Leaning Against the Wind," NBER Working Papers 23658, National Bureau of Economic Research, Inc.
    9. Gregory Bauer & Eleonora Granziera, 2016. "Monetary Policy, Private Debt and Financial Stability Risks," Staff Working Papers 16-59, Bank of Canada.
    10. Svensson, Lars E O, 2017. "Cost-Benefit Analysis of Leaning Against the Wind," CEPR Discussion Papers 11739, C.E.P.R. Discussion Papers.
    11. Malik Shukayev & Alexander Ueberfeldt, 2016. "Monetary Policy Tradeoffs Between Financial Stability and Price Stability," Staff Working Papers 16-49, Bank of Canada.
    12. Yakov Ben-Haim & Maria Demertzis & Jan Willem Van den End, 2017. "Fundamental uncertainty and unconventional monetary policy: an info-gap approach," DNB Working Papers 544, Netherlands Central Bank, Research Department.
    13. Denis Gorea & Oleksiy Kryvtsov & Tamon Takamura, 2016. "Leaning Within a Flexible Inflation-Targeting Framework: Review of Costs and Benefits," Discussion Papers 16-17, Bank of Canada.
    14. Lars E.O. Svensson, 2017. "Leaning Against the Wind: The Role of Different Assumptions About the Costs," NBER Working Papers 23745, National Bureau of Economic Research, Inc.
    15. Laséen, Stefan & Pescatori, Andrea & Turunen, Jarkko, 2017. "Systemic Risk: A New Trade-Off for Monetary Policy?," Working Paper Series 341, Sveriges Riksbank (Central Bank of Sweden).
    16. Taisuke Nakata, 2017. "Online Appendix to "Reputation and Liquidity Traps"," Technical Appendices 15-55, Review of Economic Dynamics.
    17. Sami Alpanda & Alexander Ueberfeldt, 2016. "Should Monetary Policy Lean Against Housing Market Booms?," Staff Working Papers 16-19, Bank of Canada.
    18. Itai Agur & Maria Demertzis, 2015. "Will Macroprudential Policy Counteract Monetary Policy’s Effects on Financial Stability?," IMF Working Papers 15/283, International Monetary Fund.
    19. Svensson, Lars E O, 2017. "How Robust Is the Result That the Cost of "Leaning Against the Wind" Exceeds the Benefit? Response to Adrian and Liang," CEPR Discussion Papers 11744, C.E.P.R. Discussion Papers.
    20. Anders Vredin, 2015. "Inflation targeting and financial stability: providing policymakers with relevant information," BIS Working Papers 503, Bank for International Settlements.
    21. Andrew Filardo & Phurichai Rungcharoenkitkul, 2016. "A quantitative case for leaning against the wind," BIS Working Papers 594, Bank for International Settlements.
    22. Andrea Pescatori & Stefan Laseen, 2016. "Financial Stability and Interest-Rate Policy; A Quantitative Assessment of Costs and Benefits," IMF Working Papers 16/73, International Monetary Fund.
    23. Fischer, Stanley, 2016. "Monetary Policy, Financial Stability, and the Zero Lower Bound : a speech at the Annual Meeting of the American Economic Association, San Francisco, California, January 3, 2016," Speech 886, Board of Governors of the Federal Reserve System (U.S.).
    24. Katsurako Sonoda & Nao Sudo, 2016. "Is macroprudential policy instrument blunt?," BIS Working Papers 536, Bank for International Settlements.
    25. Cecchetti, Stephen G & Tucker, Paul, 2016. "Is there macroprudential policy without international cooperation?," CEPR Discussion Papers 11042, C.E.P.R. Discussion Papers.
    26. Paul, Pascal, 2017. "The Time-Varying Effect of Monetary Policy on Asset Prices," Working Paper Series 2017-9, Federal Reserve Bank of San Francisco, revised 02 Jan 2018.
    27. Andrea Pescatori & Juan Sole, 2016. "Credit, Securitization and Monetary Policy; Watch Out for Unintended Consequences," IMF Working Papers 16/76, International Monetary Fund.
    28. Svensson, Lars E. O., 2017. "How robust is the result that the cost of "leaning against the wind" exceeds the benefit?," Working Paper Series 2031, European Central Bank.
    29. Lars E. O. Svensson, 2016. "Cost-Benefit Analysis of Leaning Against the Wind; Are Costs Larger Also with Less Effective Macroprudential Policy?," IMF Working Papers 16/3, International Monetary Fund.

  2. Olena Chyruk & Luca Benzoni & Andrea Ajello, 2012. "Core and `Crust': Consumer Prices and the Term Structure of Interest Rates," 2012 Meeting Papers 922, Society for Economic Dynamics.

    Cited by:

    1. Buera, Francisco J. & Nicolini, Juan Pablo, 2014. "Liquidity Traps and Monetary Policy: Managing a Credit Crunch," Working Paper Series WP-2014-14, Federal Reserve Bank of Chicago.
    2. Aruoba, S. Boragan, 2016. "Term structures of inflation expectations and real interest rates," Working Papers 16-9, Federal Reserve Bank of Philadelphia, revised 20 Sep 2016.
    3. Breach , Tomas & D'Amico, Stefania & Orphanides, Athanasios, 2016. "The Term Structure and Inflation Uncertainty," Working Paper Series WP-2016-22, Federal Reserve Bank of Chicago.
    4. Aruoba, S. Boragan, 2014. "Term Structures of Inflation Expectations and Real Interest Rates: The Effects of Unconventional Monetary Policy," Staff Report 502, Federal Reserve Bank of Minneapolis.
    5. Bruno Feunou & Jean-Sébastien Fontaine, 2012. "Forecasting Inflation and the Inflation Risk Premiums Using Nominal Yields," Staff Working Papers 12-37, Bank of Canada.
    6. Geert Bekaert & Eric Engstrom & Andrey Ermolov, 2017. "Macro Risks and the Term Structure of Interest Rates," Finance and Economics Discussion Series 2017-058, Board of Governors of the Federal Reserve System (U.S.).

  3. Ajello, Andrea, 2010. "Financial intermediation, investment dynamics and business cycle fluctuations," MPRA Paper 32447, University Library of Munich, Germany, revised Mar 2011.

    Cited by:

    1. Trevor Serrao & Luca Benzoni & Marco Bassetto, 2017. "The Interplay Between Financial Conditions and Monetary Policy Shocks," 2017 Meeting Papers 1124, Society for Economic Dynamics.
    2. Francesco Molteni, 2015. "Liquidity, Government Bonds and Sovereign Debt Crises," Working Papers 2015-32, CEPII research center.
    3. Francesco Furlanetto & Francesco Ravazzolo & Samad Sarferaz, 2014. "Identification of financial factors in economic fluctuations," KOF Working papers 14-364, KOF Swiss Economic Institute, ETH Zurich.
    4. Vivek Prasad, 2014. "Balanced budget stimulus with tax cuts in a liquidity constrained economy," Birkbeck Working Papers in Economics and Finance 1401, Birkbeck, Department of Economics, Mathematics & Statistics.
    5. Maurizio Iacopetta, 2014. "Dynamics of assets liquidity and inequality in economies with decentralized markets," Documents de Travail de l'OFCE 2014-21, Observatoire Francais des Conjonctures Economiques (OFCE).
    6. Radde, Sören & Cui, Wei, 2016. "Search-based endogenous asset liquidity and the macroeconomy," Working Paper Series 1917, European Central Bank.
    7. Mimir, Yasin, 2012. "Financial intermediaries, credit Shocks and business cycles," MPRA Paper 39648, University Library of Munich, Germany.
    8. Pablo A. Guerron-Quintana & Ryo Jinnai, 2013. "Liquidity, Trends and the Great Recession," UTokyo Price Project Working Paper Series 015, University of Tokyo, Graduate School of Economics.
    9. GUERRON-QUINTANA, Pablo A. & JINNAI, Ryo, 2015. "Financial Frictions, Trends, and the Great Recession," Discussion paper series HIAS-E-14, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    10. Lawrence Christiano & Daisuke Ikeda, 2011. "Government Policy, Credit Markets and Economic Activity," NBER Working Papers 17142, National Bureau of Economic Research, Inc.
    11. Wei Cui, 2017. "Macroeconomic Effects of Delayed Capital Liquidation," Discussion Papers 1719, Centre for Macroeconomics (CFM).
    12. Marco Del Negro & Gauti Eggertsson & Andrea Ferrero & Nobuhiro Kiyotaki, 2017. "The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities," American Economic Review, American Economic Association, vol. 107(3), pages 824-857, March.
    13. Hikaru Saijo, 2013. "The Uncertainty Multiplier and Business Cycles," UTokyo Price Project Working Paper Series 016, University of Tokyo, Graduate School of Economics.
    14. Marzie Taheri Sanjani, 2014. "Financial Frictions and Sources of Business Cycle," IMF Working Papers 14/194, International Monetary Fund.
    15. Shouyong Shi, 2011. "Liquidity, Assets and Business Cycles," Working Papers tecipa-434, University of Toronto, Department of Economics.
    16. Furlanetto, Francesco & Seneca, Martin, 2014. "Investment shocks and consumption," European Economic Review, Elsevier, vol. 66(C), pages 111-126.
    17. Bigio, Saki & Schneider, Andrés, 2017. "Liquidity shocks, business cycles and asset prices," European Economic Review, Elsevier, vol. 97(C), pages 108-130.
    18. Shouyong Shi & Christine Tewfik, 2013. "Financial Frictions, Investment Delay and Asset Market Interventions," Working Papers tecipa-501, University of Toronto, Department of Economics.
    19. Vivek Prasad, 2015. "Balanced Budget Tax Cuts in a Liquidity-Constrained Economy," Manchester School, University of Manchester, vol. 83, pages 87-119, September.
    20. Engin Kara & Jasmin Sin, 2013. "Liquidity, Quantitative Easing and Optimal Monetary Policy," Bristol Economics Discussion Papers 13/635, Department of Economics, University of Bristol, UK.
    21. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    22. GUERRON-QUINTANA, Pablo A. & JINNAI, Ryo, 2015. "Liquidity Shocks and Asset Prices," Discussion paper series HIAS-E-17, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    23. Soeren Radde & Wei Cui, 2013. "Search-Based Endogenous Illiquidity, Business Cycles and Monetary Policy," 2013 Meeting Papers 1009, Society for Economic Dynamics.

Articles

  1. Andrea Ajello, 2016. "Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations," American Economic Review, American Economic Association, vol. 106(8), pages 2256-2303, August.
    See citations under working paper version above.
  2. Andrea Ajello & Luca Benzoni & Olena Chyruk, 2012. "No-arbitrage restrictions and the U.S. Treasury market," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q II, pages 55-74.

    Cited by:

    1. D'Amico, Stefania & Fan, Roger & Kitzul, Yuriy, 2013. "The Scarcity Value of Treasury Collateral: Repo Market Effects of Security-Specific Supply and Demand Factors," Working Paper Series WP-2013-22, Federal Reserve Bank of Chicago.

More information

Research fields, statistics, top rankings, if available.

Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 3 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-BAN: Banking (2) 2012-10-20 2016-08-28. Author is listed
  2. NEP-BEC: Business Economics (2) 2011-08-02 2012-10-20. Author is listed
  3. NEP-DGE: Dynamic General Equilibrium (2) 2011-08-02 2012-10-20. Author is listed
  4. NEP-MAC: Macroeconomics (2) 2012-10-20 2016-08-28. Author is listed
  5. NEP-CBA: Central Banking (1) 2016-08-28. Author is listed
  6. NEP-MON: Monetary Economics (1) 2016-08-28. Author is listed

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