Gauti B. Eggertsson

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

30

DOWNLOADS
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SSRN RANKINGS

Top 19,503

in Total Papers Downloads

2,406

CITATIONS
Rank 1,336

SSRN RANKINGS

Top 1,336

in Total Papers Citations

298

Scholarly Papers (30)

1.

Great Expectations and the End of the Depression

FRB of New York Staff Report No. 234
Number of pages: 48 Posted: 05 Jan 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 286 (104,821)
Citation 87

Abstract:

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deflation, Great Depression, regime change, zero interest rates

2.

Fiscal Multipliers and Policy Coordination

Staff Report No. 241
Number of pages: 67 Posted: 31 Mar 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 204 (147,119)
Citation 7

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policy coordination, zero bound, fiscal multipliers

Dynamic Incentives and the Optimal Delegation of Political Power

FRB of New York Research Paper Staff Report No. 205
Number of pages: 34 Posted: 05 Apr 2005 Last Revised: 10 Jun 2010
Gauti B. Eggertsson and Eric Le Borgne
Federal Reserve Bank of New York and International Monetary Fund (IMF)
Downloads 132 (214,775)

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central bank independence, elections, career concerns, learning-by-doing, pandering

Dynamic Incentives and the Optimal Delegation of Political Power

IMF Working Paper No. 07/91
Number of pages: 37 Posted: 16 May 2007
Gauti B. Eggertsson and Eric Le Borgne
Federal Reserve Bank of New York and International Monetary Fund (IMF)
Downloads 71 (326,260)

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Central banks, Governance

4.

How to Fight Deflation in a Liquidity Trap: Committing to Being Irresponsible

IMF Working Paper No. 03/64
Number of pages: 42 Posted: 28 Jan 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 190 (157,164)
Citation 45

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Deflation, liquidity traps, zero bound on nominal interest rates

5.

A Political Agency Theory of Central Bank Independence

IMF Working Paper No. 03/144
Number of pages: 47 Posted: 30 Jan 2006
Gauti B. Eggertsson and Eric Le Borgne
Federal Reserve Bank of New York and International Monetary Fund (IMF)
Downloads 157 (185,785)
Citation 7

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Central Bank Independece, Career Concerns, Elections, Experimetation

6.

The Paradox of Toil

FRB of New York Staff Report No. 433
Number of pages: 23 Posted: 02 Mar 2010 Last Revised: 24 May 2010
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 145 (198,491)
Citation 20

Abstract:

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zero bound, liquidity trap

7.

The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities

FRB of New York Staff Report No. 520
Number of pages: 64 Posted: 07 Oct 2011
Federal Reserve Bank of New York, Federal Reserve Bank of New York, University of Oxford - Department of Economics and Princeton University - Department of Economics
Downloads 141 (202,959)
Citation 3

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financial crisis, liquidity shocks, financing constraints, liquidity facilities, zero lower bound

8.

Was the New Deal Contractionary?

Federal Reserve Bank of New York Staff Report No. 264
Number of pages: 40 Posted: 08 Nov 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 122 (227,296)
Citation 24

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Great Depression, New Deal, National Industrial Recovery Act, zero interest rates, deflation

9.

What Fiscal Policy is Effective at Zero Interest Rates?

FRB of New York Staff Report No. 402
Number of pages: 36 Posted: 13 Nov 2009
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 104 (254,939)
Citation 142

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tax and spending multipliers, zero interest rates, deflation

10.

Optimal Monetary Policy in a Liquidity Trap

NBER Working Paper No. w9968
Number of pages: 79 Posted: 21 Sep 2003 Last Revised: 05 Nov 2010
Gauti B. Eggertsson and Michael Woodford
Federal Reserve Bank of New York and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 100 (261,788)
Citation 10

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11.

A Bayesian Approach to Estimating Tax and Spending Multipliers

FRB of New York Staff Report No. 403
Number of pages: 25 Posted: 13 Nov 2009
Matthew Denes and Gauti B. Eggertsson
Carnegie Mellon University - Tepper School of Business and Federal Reserve Bank of New York
Downloads 99 (263,556)
Citation 8

Abstract:

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tax and spending multipliers, zero interest rates, deflation

12.

Secular Stagnation in the Open Economy

NBER Working Paper No. w22172
Number of pages: 14 Posted: 18 Apr 2016
Gauti B. Eggertsson, Neil R Mehrotra and Larry Summers
Federal Reserve Bank of New York, Brown University - Department of Economics and Harvard University
Downloads 98 (265,337)
Citation 23

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Deficits, Public Debt Dynamics, and Tax and Spending Multipliers

FRB of New York Staff Report No. 551
Number of pages: 31 Posted: 25 Feb 2012
Matthew Denes, Gauti B. Eggertsson and Sonia Gilbukh
Carnegie Mellon University - Tepper School of Business, Federal Reserve Bank of New York and City University of New York - Department of Real Estate
Downloads 92 (278,467)
Citation 15

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fiscal policy, liquidity trap

14.

Optimal Monetary and Fiscal Policy Under Discretion in the New Keynesian Model: A Technical Appendix to 'Great Expectations and the End of the Depression'

FRB of New York Staff Report No. 235
Number of pages: 29 Posted: 05 Jan 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 85 (290,472)
Citation 1

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deflation, Great Depression, regime change, zero interest rates, Markov perfect equilibrium

15.

The Inflation-Output Trade-Off Revisited

FRB of New York Staff Report No. 608
Number of pages: 40 Posted: 31 Mar 2013
Gauti B. Eggertsson and Marc P. Giannoni
Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 70 (325,129)
Citation 5

Abstract:

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zero lower bound, trade-off

16.

A Model of Secular Stagnation

NBER Working Paper No. w20574
Number of pages: 53 Posted: 22 Oct 2014
Gauti B. Eggertsson and Neil R Mehrotra
Federal Reserve Bank of New York and Brown University - Department of Economics
Downloads 48 (390,184)
Citation 32

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17.

A Model of Secular Stagnation: Theory and Quantitative Evaluation

NBER Working Paper No. w23093
Number of pages: 90 Posted: 30 Jan 2017
Gauti B. Eggertsson, Neil R Mehrotra and Jacob Robbins
Federal Reserve Bank of New York, Brown University - Department of Economics and Harvard University - Department of Health Policy & Management
Downloads 42 (411,501)
Citation 17

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18.

Can Structural Reforms Help Europe?

FRB International Finance Discussion Paper No. 1092
Number of pages: 56 Posted: 05 Dec 2013 Last Revised: 27 Jan 2015
Gauti B. Eggertsson, Andrea Ferrero and Andrea Raffo
Federal Reserve Bank of New York, University of Oxford - Department of Economics and Federal Reserve Bank of Kansas City
Downloads 40 (418,970)
Citation 53

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structural reforms, zero lower bound, monetary union

19.
Downloads 36 (435,028)
Citation 2

Is Increased Price Flexibility Stabilizing? Redux

FRB of New York Staff Report No. 540
Number of pages: 49 Posted: 31 Jan 2012
Saroj Bhattarai, Gauti B. Eggertsson and Raphael Schoenle
Pennsylvania State University - Department of Economics, Federal Reserve Bank of New York and Brandeis University
Downloads 25 (501,426)

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increased price flexibility, aggregate volatility, systematic monetary policy, DSGE model, Bayesian estimation

Is Increased Price Flexibility Stabilizing? Redux

NBER Working Paper No. w19886
Number of pages: 51 Posted: 11 Feb 2014
Saroj Bhattarai, Gauti B. Eggertsson and Raphael Schoenle
Pennsylvania State University - Department of Economics, Federal Reserve Bank of New York and Brandeis University
Downloads 11 (591,563)
Citation 2

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20.

Optimal Monetary and Fiscal Policy in a Liquidity Trap

NBER Working Paper No. w10840
Number of pages: 63 Posted: 15 Aug 2012
Gauti B. Eggertsson and Michael Woodford
Federal Reserve Bank of New York and Columbia University, Graduate School of Arts and Sciences, Department of Economics
Downloads 34 (443,335)
Citation 67

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21.

The Rise, the Fall, and the Resurrection of Iceland

NBER Working Paper No. w24005
Number of pages: 65 Posted: 13 Nov 2017
Yale University, Federal Reserve Bank of New York and Central Bank of Iceland
Downloads 22 (503,511)
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22.

Are Negative Nominal Interest Rates Expansionary?

NBER Working Paper No. w24039
Number of pages: 51 Posted: 20 Nov 2017
Gauti B. Eggertsson, Ragnar Juelsrud and Ella Wold
Federal Reserve Bank of New York, Norges Bank and Brown University
Downloads 19 (520,788)
Citation 6
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23.

A Contagious Malady? Open Economy Dimensions of Secular Stagnation

NBER Working Paper No. w22299
Number of pages: 56 Posted: 07 Jun 2016 Last Revised: 29 Jun 2016
Gauti B. Eggertsson, Neil R Mehrotra, Sanjay R. Singh and Larry Summers
Federal Reserve Bank of New York, Brown University - Department of Economics, University of California, Davis and Harvard University
Downloads 14 (549,912)
Citation 12

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24.

The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities

NBER Working Paper No. w22259
Number of pages: 76 Posted: 24 May 2016
Federal Reserve Bank of New York, Federal Reserve Bank of New York, University of Oxford - Department of Economics and Princeton University - Department of Economics
Downloads 12 (561,932)
Citation 47

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25.

Log-Linear Approximation Versus an Exact Solution at the ZLB in the New Keynesian Model

NBER Working Paper No. w22784
Number of pages: 30 Posted: 31 Oct 2016 Last Revised: 14 Nov 2016
Gauti B. Eggertsson and Sanjay R. Singh
Federal Reserve Bank of New York and University of California, Davis
Downloads 11 (568,049)
Citation 5

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26.

Bernanke's No-Arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?

NBER Working Paper No. w22243
Number of pages: 30 Posted: 16 May 2016
Gauti B. Eggertsson and Kevin Proulx
Federal Reserve Bank of New York and Brown University
Downloads 9 (580,404)
Citation 6

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Dynamic Debt Deleveraging and Optimal Monetary Policy

NBER Working Paper No. w20556
Number of pages: 48 Posted: 06 Oct 2014
Pierpaolo Benigno, Gauti B. Eggertsson and Federica Romei
LUISS Guido Carli University, Federal Reserve Bank of New York and LUISS Guido Carli University
Downloads 8 (611,989)

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Dynamic Debt Deleveraging and Optimal Monetary Policy

CEPR Discussion Paper No. DP11180
Number of pages: 55 Posted: 18 Apr 2016
Pierpaolo Benigno, Gauti B. Eggertsson and Federica Romei
LUISS Guido Carli University, Federal Reserve Bank of New York and LUISS Guido Carli University
Downloads 1 (675,327)
Citation 3
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28.

Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes?

NBER Working Paper No. w23961
Number of pages: 30 Posted: 30 Oct 2017
Gauti B. Eggertsson and Vaishali Garga
Federal Reserve Bank of New York and Brown University
Downloads 7 (592,904)

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29.

Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing

NBER Working Paper No. w21336
Number of pages: 69 Posted: 13 Jul 2015
Saroj Bhattarai, Gauti B. Eggertsson and Bulat Gafarov
Pennsylvania State University - Department of Economics, Federal Reserve Bank of New York and Department of Agricultural and Resource Economics, UC Davis
Downloads 7 (592,904)
Citation 8

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30.

The Mistake of 1937: A General Equilibrium Analysis

CFS Working Paper No. 2007/06
Posted: 19 Mar 2007
Gauti B. Eggertsson and Benjamin W. Pugsley
Federal Reserve Bank of New York and University of Notre Dame - Department of Economics

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Sticky Prices, Central Bank Communication, Stochastic General Equilibrium Model