Discussion paper DP17521 Competition and the Phillips Curve Ippei Fujiwara Kiminori Matsuyama 31 Jul 2022 New keynesian phillips curve Market concentration Monopolistic competition Endogenous entry International Macroeconomics and Finance Monetary Economics and Fluctuations E31 E52 L16
Discussion paper DP17473 New Pricing Models, Same Old Phillips Curves? Adrien Auclert Rodolfo Rigato Matthew Rognlie Ludwig Straub 14 Jul 2022 Monetary Economics and Fluctuations E31 E52
Discussion paper DP17441 Central Bank Communication with the General Public: Promise or False Hope? Alan Blinder Michael Ehrmann Jakob De Haan 6 Jul 2022 Communication Central bank General public monetary policy Monetary Economics and Fluctuations D12 D84 E52 E58 G53
Discussion paper DP17433 The Long-Run Effects of Government Spending Juan Antolin-Diaz Paolo Surico 3 Jul 2022 Government r&d Long-run Tfp Innovation Output multiplier inflation Macroeconomics and Growth Monetary Economics and Fluctuations E31 E52 E62
Discussion paper DP16720 Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium Vladimir Asriyan Luc Laeven Alberto Martin Alejandro Van der Ghote Victoria Vanasco 1 Jul 2022 Low interest rates Financial frictions Firm heterogeneity Allocation Credit Asset prices Balance sheet channel Optimal monetary policy Monetary Economics and Fluctuations E22 E32 E44 E52
Discussion paper DP16814 A Note on Temporary Supply Shocks with Aggregate Demand Inertia Alp Simsek Ricardo Caballero 30 Jun 2022 monetary policy Interest rates Temporary supply shocks Aggregate demand inertia inflation Policy frontloading Backward guidance Output and inflation gaps The phillips curve Covid-19 Monetary Economics and Fluctuations E21 E32 E43 E44 E52 G12
Discussion paper DP17394 Preferred Habitat and Monetary Policy Through the Looking-Glass Martin Ellison Giacomo Carboni 18 Jun 2022 General equilibrium Interest rates Preferred habitat Term structure Monetary Economics and Fluctuations E43 E44 E52 G21 G22
Discussion paper DP15163 Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect Ricardo Caballero Alp Simsek 17 Jun 2022 monetary policy Aggregate demand inertia Output gap Asset prices Overshooting Wall/main street disconnect Covid-19 Interest rate lower bound Macroeconomic news Qe/lsaps Financial Economics Monetary Economics and Fluctuations E21 E32 E43 E44 E52 G12
Discussion paper DP17391 Estimating Nonlinear Heterogeneous Agents Models with Neural Networks Leonardo Melosi Matthias Rottner 17 Jun 2022 Machine learning Neural networks Bayesian estimation Global solution Heterogeneous agents Nonlinearities Aggregate uncertainty Hank model Zero lower bound Macroeconomics and Growth Monetary Economics and Fluctuations C11 C45 D31 E32 E52
Discussion paper DP15735 The (Not So) Quiet Period: Communication by ECB Decision-makers during Monetary Policy Blackout Days Kilian Rieder Phillipp Gnan 16 Jun 2022 monetary policy Quiet period Rotational voting Decision-making Central bank communication European central bank Home bias Monetary Economics and Fluctuations D82 D83 E52 E58 E61 G12
Discussion paper DP17390 Monetary Mystique and the Fed’s Path Toward Increased Transparency Lars E.O. Svensson 15 Jun 2022 Monetary Economics and Fluctuations E52 E58
Discussion paper DP17381 Global Stagflation Jongrim Ha M. Ayhan Kose Franziska Ohnsorge 13 Jun 2022 inflation Growth Covid-19 Global recession monetary policy Fiscal policy Disinflation International Macroeconomics and Finance E31 E32 E52 Q43