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Gaetano Gaballo

Personal Details

First Name:Gaetano
Middle Name:
Last Name:Gaballo
Suffix:
RePEc Short-ID:pga361
http://www.mwpweb.eu/GaetanoGaballo

Affiliation

(90%) Banque de France

Paris, France
http://www.banque-france.fr/

:

B.P. 140-01 75049 Paris Cedex 01
RePEc:edi:bdfgvfr (more details at EDIRC)

(10%) Paris School of Economics

Paris, France
http://www.parisschoolofeconomics.eu/

: 33.1.80.52.16.60

48 boulevard Jourdan - 75014 Paris
RePEc:edi:eeparfr (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Chahrour, Ryan & Gaballo, Gaetano, 2017. "Learning from prices: amplication and business fluctuations," Working Paper Series 2053, European Central Bank.
  2. Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg, 2017. "Communication of monetary policy in unconventional times," Working Paper Series 2080, European Central Bank.
  3. G. Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.
  4. Ariel Zetlin-Jones & Gaetano Gaballo, 2016. "Bailouts, Moral Hazard, and Banks’ Home Bias for Sovereign Debt," 2016 Meeting Papers 876, Society for Economic Dynamics.
  5. Gaballo, Gaetano & Marimon, Ramon, 2016. "Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies," CEPR Discussion Papers 11135, C.E.P.R. Discussion Papers.
  6. P. Andrade & G. Gaballo & E. Mengus & B. Mojon, 2015. "Forward Guidance and Heterogeneous Beliefs," Working papers 573, Banque de France.
  7. Ryan Chahrour & Gaetano Gaballo, 2015. "On the Nature and Stability of Sentiments," Boston College Working Papers in Economics 873, Boston College Department of Economics, revised 05 May 2015.
  8. G. Gaballo, 2014. "Sequential Coordination, Higher-Order Belief Dynamics and E-Stability Principle," Working papers 509, Banque de France.
  9. Gaballo, G., 2013. "Rational Inattention to News: The Perils of Forward Guidance," Working papers 416, Banque de France.
  10. Gaballo, G., 2012. "Private Uncertainty and Multiplicity," Working papers 387, Banque de France.
  11. Gaballo, G., 2012. "Good Luck or Good Policy? An Expectational Theory of Macro-Volatility Switches," Working papers 402, Banque de France.
  12. Gaetano Gaballo & Ernesto Savaglio, 2012. "On Revealed Diversity," Department of Economics University of Siena 635, Department of Economics, University of Siena.

Articles

  1. Gaballo, Gaetano, 2017. "The hazards of vague communication," Research Bulletin, European Central Bank, vol. 34.
  2. Gaetano Gaballo, 2016. "Rational Inattention to News: The Perils of Forward Guidance," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 42-97, January.
  3. Gaballo, Gaetano & Zetlin-Jones, Ariel, 2016. "Bailouts, moral hazard and banks׳ home bias for Sovereign debt," Journal of Monetary Economics, Elsevier, vol. 81(C), pages 70-85.
  4. Gaballo, Gaetano, 2014. "Sequential coordination, higher-order belief dynamics and the E-stability principle," Journal of Economic Dynamics and Control, Elsevier, vol. 44(C), pages 270-279.
  5. Gaballo, Gaetano, 2013. "Good luck or good policy? An expectational theory of macro volatility switches," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2755-2770.
  6. Gaballo, Gaetano, 2013. "Eductive learning and the rationalizability of oligopoly games," Economics Letters, Elsevier, vol. 120(3), pages 401-404.

Citations

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

Working papers

  1. Chahrour, Ryan & Gaballo, Gaetano, 2017. "Learning from prices: amplication and business fluctuations," Working Paper Series 2053, European Central Bank.

    Cited by:

    1. Sushant Acharya & Jess Benhabib & Zhen Huo, 2017. "The Anatomy of Sentiment-Driven Fluctuations," NBER Working Papers 23136, National Bureau of Economic Research, Inc.
    2. George-Marios Angeletos, 2017. "Frictional Coordination," NBER Working Papers 24178, National Bureau of Economic Research, Inc.
    3. George-Marios Angeletos & Chen Lian, 2017. "Forward Guidance without Common Knowledge," 2017 Meeting Papers 89, Society for Economic Dynamics.

  2. Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg, 2017. "Communication of monetary policy in unconventional times," Working Paper Series 2080, European Central Bank.

    Cited by:

    1. Monica Jain & Christopher S. Sutherland, 2018. "How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?," Staff Working Papers 18-2, Bank of Canada.
    2. Blinder, Alan S. & Ehrmann, Michael & de Haan, Jakob & Jansen, David-Jan, 2017. "What will monetary policy look like after the crisis?," Research Bulletin, European Central Bank, vol. 39.
    3. Andrade, Philippe & Gaballo, Gaetano & Mengus, Eric & Mojon, Benoit, 2018. "Forward Guidance and Heterogeneous Beliefs," CEPR Discussion Papers 12650, C.E.P.R. Discussion Papers.
    4. Benoît Cœuré, 2017. "Central Bank Communication in a Low Interest Rate Environment," Open Economies Review, Springer, vol. 28(5), pages 813-822, November.
    5. Berg, Tim Oliver, 2015. "Multivariate Forecasting with BVARs and DSGE Models," MPRA Paper 62405, University Library of Munich, Germany.
    6. Julian A. Parra-Polania, 2018. "State-dependent Forward Guidance and the Problem of Inconsistent Announcements," Borradores de Economia 1035, Banco de la Republica de Colombia.
    7. Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung (ed.), 2017. "Für eine zukunftsorientierte Wirtschaftspolitik. Jahresgutachten 2017/18," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201718, April.

  3. G. Gaballo & A. Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt," Working papers 594, Banque de France.

    Cited by:

    1. Eichler, Stefan & Rövekamp, Ingmar, 2017. "Eurozone exit risk," CEPIE Working Papers 07/17, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    2. Anne-Laure Delatte & Julien Fouquau & Richard Portes, 2017. "Regime-Dependent Sovereign Risk Pricing During the Euro Crisis," Review of Finance, European Finance Association, vol. 21(1), pages 363-385.

  4. Ariel Zetlin-Jones & Gaetano Gaballo, 2016. "Bailouts, Moral Hazard, and Banks’ Home Bias for Sovereign Debt," 2016 Meeting Papers 876, Society for Economic Dynamics.

    Cited by:

    1. Eichler, Stefan & Rövekamp, Ingmar, 2017. "Eurozone exit risk," CEPIE Working Papers 07/17, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    2. Brunnermeier, Markus K. & Langfield, Sam & Pagano, Marco & Reis, Ricardo & Nieuwerburgh, Stijn Van & Vayanos, Dimitri, 2016. "ESBies: safety in the tranches," LSE Research Online Documents on Economics 86221, London School of Economics and Political Science, LSE Library.
    3. Anne-Laure Delatte & Julien Fouquau & Richard Portes, 2017. "Regime-Dependent Sovereign Risk Pricing During the Euro Crisis," Review of Finance, European Finance Association, vol. 21(1), pages 363-385.
    4. Francisco Roch & Harald Uhlig, 2016. "The Dynamics of Sovereign Debt Crises and Bailouts," IMF Working Papers 16/136, International Monetary Fund.

  5. Gaballo, Gaetano & Marimon, Ramon, 2016. "Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies," CEPR Discussion Papers 11135, C.E.P.R. Discussion Papers.

    Cited by:

    1. Brendon, Charles & Corsetti, Giancarlo, 2016. "COEURE Survey: Fiscal and Monetary Policies after the Crises," CEPR Discussion Papers 11088, C.E.P.R. Discussion Papers.

  6. P. Andrade & G. Gaballo & E. Mengus & B. Mojon, 2015. "Forward Guidance and Heterogeneous Beliefs," Working papers 573, Banque de France.

    Cited by:

    1. Kohei Hasui & Yoshiyuki Nakazono & Yuki Teranishi, 2018. "Role of Expectation in a Liquidity Trap," UTokyo Price Project Working Paper Series 081, University of Tokyo, Graduate School of Economics.
    2. Lindé, Jesper & Smets, Frank & Wouters, Rafael, 2016. "Challenges for Central Banks´ Macro Models," Working Paper Series 323, Sveriges Riksbank (Central Bank of Sweden).
    3. Monica Jain & Christopher S. Sutherland, 2018. "How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?," Staff Working Papers 18-2, Bank of Canada.
    4. Michelacci, Claudio & Paciello, Luigi, 2017. "Ambiguous Policy Announcements," CEPR Discussion Papers 11754, C.E.P.R. Discussion Papers.
    5. Andrade, Philippe & Crump, Richard K. & Eusepi, Stefano & Moench, Emanuel, 2013. "Fundamental disagreement," Staff Reports 655, Federal Reserve Bank of New York, revised 01 Nov 2014.
    6. Richhild Moessner & David-Jan Jansen & Jakob de Haan, 2015. "Communication about future policy rates in theory and practice: A Survey," DNB Working Papers 475, Netherlands Central Bank, Research Department.
    7. Carlo Altavilla & Domenico Giannone, 2014. "The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data," Working Papers ECARES ECARES 2014-30, ULB -- Universite Libre de Bruxelles.
    8. Jean Barthélemy & Eric Mengus, 2016. "The Signaling Effect of Raising Inflation," Sciences Po publications 2016-06, Sciences Po.
    9. Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg, 2017. "Communication of monetary policy in unconventional times," Working Paper Series 2080, European Central Bank.
    10. Paul Hubert & Fabien Labondance, 2016. "The effect of ECB forward guidance on policy expectations," Documents de Travail de l'OFCE 2016-30, Observatoire Francais des Conjonctures Economiques (OFCE).
    11. Gunda-Alexandra Detmers, 2016. "Forward Guidance under Disagreement - Evidence from the Fed's Dot Projections," SFB 649 Discussion Papers SFB649DP2016-041, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    12. van Holle, Frederiek, 2017. "Essays in empirical finance and monetary policy," Other publications TiSEM 30d11a4b-7bc9-4c81-ad24-5, Tilburg University, School of Economics and Management.
    13. Campbell, Jeffrey R. & Fisher, Jonas D. M. & Justiniano, Alejandro & Melosi, Leonardo, 2016. "Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis," Working Paper Series WP-2016-7, Federal Reserve Bank of Chicago.
    14. Gaetano Gaballo, 2016. "Rational Inattention to News: The Perils of Forward Guidance," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 42-97, January.
    15. Binder, Michael & Lieberknecht, Philipp & Quintana, Jorge & Wieland, Volker, 2017. "Model uncertainty in macroeconomics: On the implications of financial frictions," IMFS Working Paper Series 114, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    16. Marc de la Barrera & Juraj Falath & Dorian Henricot & Jean-Alexandre Vaglio, 2017. "The Impact of Forward Guidance on Inflation Expectations: Evidence from the ECB," Working Papers 1010, Barcelona Graduate School of Economics.
    17. Canzoneri, Matthew & Cao, Dan & Cumby, Robert & Diba, Behzad & Luo, Wenlan, 2018. "The forward fiscal guidance puzzle and a resolution," Journal of Economic Dynamics and Control, Elsevier, vol. 89(C), pages 26-46.
    18. Breckenfelder, Johannes & De Fiore, Fiorella & Andrade, Philippe & Karadi, Peter & Tristani, Oreste, 2016. "The ECB's asset purchase programme: an early assessment," Working Paper Series 1956, European Central Bank.
    19. Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung (ed.), 2017. "Für eine zukunftsorientierte Wirtschaftspolitik. Jahresgutachten 2017/18," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201718, April.
    20. Bilbiie, Florin Ovidiu, 2016. "Optimal Forward Guidance," CEPR Discussion Papers 11251, C.E.P.R. Discussion Papers.
    21. Detmers, Gunda-Alexandra, 2016. "Forward Guidance under Disagreement - Evidence from the Fed’s dot projections," Annual Conference 2016 (Augsburg): Demographic Change 145768, Verein für Socialpolitik / German Economic Association.
    22. Kenny, Geoff & Dovern, Jonas, 2017. "The long-term distribution of expected inflation in the euro area: what has changed since the great recession?," Working Paper Series 1999, European Central Bank.
    23. Brendon, Charles & Corsetti, Giancarlo, 2016. "COEURE Survey: Fiscal and Monetary Policies after the Crises," CEPR Discussion Papers 11088, C.E.P.R. Discussion Papers.
    24. Yves Mersch & Herbert Poenisch & David Farelius & Michael Zamorski, 2015. "SEACEN Financial Stability Journal Volume 5 2015," SEACEN Financial Stability Journal, South East Asian Central Banks (SEACEN) Research and Training Centre, number sfv5.
    25. George-Marios Angeletos & Chen Lian, 2017. "Forward Guidance without Common Knowledge," 2017 Meeting Papers 89, Society for Economic Dynamics.

  7. Ryan Chahrour & Gaetano Gaballo, 2015. "On the Nature and Stability of Sentiments," Boston College Working Papers in Economics 873, Boston College Department of Economics, revised 05 May 2015.

    Cited by:

    1. Robert Ulbricht & Ludwig Straub, 2015. "Endogenous Uncertainty and Credit Crunches," 2015 Meeting Papers 199, Society for Economic Dynamics.
    2. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, Elsevier.
    3. Orlando Gomes & J. C. Sprott, 2017. "Sentiment-driven limit cycles and chaos," Journal of Evolutionary Economics, Springer, vol. 27(4), pages 729-760, September.
    4. Jakob Grazzini & Domenico Massaro, 2016. "Dispersed Information and the Origins of Aggregate Fluctuations," CESifo Working Paper Series 5957, CESifo Group Munich.
    5. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.

  8. Gaballo, G., 2013. "Rational Inattention to News: The Perils of Forward Guidance," Working papers 416, Banque de France.

    Cited by:

    1. Reis, Ricardo, 2013. "Central Bank Design," CEPR Discussion Papers 9567, C.E.P.R. Discussion Papers.
    2. Fujiwara, Ippei & Waki, Yuichiro, 2015. "Private news and monetary policy forward guidance or (the expected virtue of ignorance)," Globalization and Monetary Policy Institute Working Paper 238, Federal Reserve Bank of Dallas.
    3. Andrade, Philippe & Gaballo, Gaetano & Mengus, Eric & Mojon, Benoit, 2018. "Forward Guidance and Heterogeneous Beliefs," CEPR Discussion Papers 12650, C.E.P.R. Discussion Papers.
    4. Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg, 2017. "Communication of monetary policy in unconventional times," Working Paper Series 2080, European Central Bank.
    5. Clain-Chamosset-Yvrard, Lise & Seegmuller, Thomas, 2015. "Rational bubbles and macroeconomic fluctuations: The (de-)stabilizing role of monetary policy," Mathematical Social Sciences, Elsevier, vol. 75(C), pages 1-15.
    6. Paul Hubert & Fabien Labondance, 2016. "The effect of ECB forward guidance on policy expectations," Documents de Travail de l'OFCE 2016-30, Observatoire Francais des Conjonctures Economiques (OFCE).
    7. Benoît Cœuré, 2017. "Central Bank Communication in a Low Interest Rate Environment," Open Economies Review, Springer, vol. 28(5), pages 813-822, November.
    8. Bezerra Bisneto, João Lídio, 2016. "Communication policy with public uncertainty," Textos para discussão 431, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
    9. Eric Gaus, 2014. "Adaptive Learning, Heterogeneous Expectations and Forward Guidance," Working Papers 14-03, Ursinus College, Department of Economics.
    10. George-Marios Angeletos & Chen Lian, 2017. "Forward Guidance without Common Knowledge," 2017 Meeting Papers 89, Society for Economic Dynamics.

  9. Gaballo, G., 2012. "Private Uncertainty and Multiplicity," Working papers 387, Banque de France.

    Cited by:

    1. Gaballo, G., 2012. "Good Luck or Good Policy? An Expectational Theory of Macro-Volatility Switches," Working papers 402, Banque de France.
    2. Jean Barthélemy & Magali Marx, 2012. "Generalizing the Taylor Principle: New Comment," Sciences Po publications 403, Sciences Po.
    3. Jess Benhabib & Pengfei Wang & Yi Wen, 2013. "Uncertainty and Sentiment-Driven Equilibria," NBER Working Papers 18878, National Bureau of Economic Research, Inc.
    4. Gaetano Gaballo, 2016. "Rational Inattention to News: The Perils of Forward Guidance," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 42-97, January.

  10. Gaballo, G., 2012. "Good Luck or Good Policy? An Expectational Theory of Macro-Volatility Switches," Working papers 402, Banque de France.

    Cited by:

    1. Gaballo, G., 2012. "Private Uncertainty and Multiplicity," Working papers 387, Banque de France.
    2. Jean Barthélemy & Magali Marx, 2012. "Generalizing the Taylor Principle: New Comment," Sciences Po publications 403, Sciences Po.

Articles

  1. Gaetano Gaballo, 2016. "Rational Inattention to News: The Perils of Forward Guidance," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 42-97, January. See citations under working paper version above.
  2. Gaballo, Gaetano & Zetlin-Jones, Ariel, 2016. "Bailouts, moral hazard and banks׳ home bias for Sovereign debt," Journal of Monetary Economics, Elsevier, vol. 81(C), pages 70-85.
    See citations under working paper version above.
  3. Gaballo, Gaetano, 2013. "Good luck or good policy? An expectational theory of macro volatility switches," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2755-2770. See citations under working paper version above.
  4. Gaballo, Gaetano, 2013. "Eductive learning and the rationalizability of oligopoly games," Economics Letters, Elsevier, vol. 120(3), pages 401-404.

    Cited by:

    1. Bao, Te & Duffy, John, 2016. "Adaptive versus eductive learning: Theory and evidence," European Economic Review, Elsevier, vol. 83(C), pages 64-89.
    2. Gaballo, Gaetano, 2014. "Sequential coordination, higher-order belief dynamics and the E-stability principle," Journal of Economic Dynamics and Control, Elsevier, vol. 44(C), pages 270-279.
    3. G. Gaballo, 2014. "Sequential Coordination, Higher-Order Belief Dynamics and E-Stability Principle," Working papers 509, Banque de France.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

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 17 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-MAC: Macroeconomics (11) 2012-11-03 2013-01-19 2014-10-22 2015-03-05 2015-10-25 2016-03-10 2016-03-23 2016-05-08 2016-06-04 2017-06-25 2017-07-02. Author is listed
  2. NEP-BAN: Banking (6) 2016-03-10 2016-03-23 2016-05-08 2016-06-04 2016-09-25 2017-06-25. Author is listed
  3. NEP-DGE: Dynamic General Equilibrium (5) 2012-07-23 2013-01-19 2015-10-25 2016-09-25 2016-10-30. Author is listed
  4. NEP-MON: Monetary Economics (5) 2012-11-03 2013-01-19 2015-10-25 2016-10-30 2017-07-02. Author is listed
  5. NEP-CBA: Central Banking (3) 2016-09-25 2016-10-30 2017-07-02
  6. NEP-MIC: Microeconomics (3) 2014-10-22 2015-03-05 2015-08-25
  7. NEP-CTA: Contract Theory & Applications (1) 2016-03-10
  8. NEP-EEC: European Economics (1) 2017-07-02
  9. NEP-GTH: Game Theory (1) 2014-10-22
  10. NEP-MFD: Microfinance (1) 2015-03-05
  11. NEP-PKE: Post Keynesian Economics (1) 2016-05-08

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