Gauti B. Eggertsson

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 23,506

SSRN RANKINGS

Top 23,506

in Total Papers Downloads

2,756

SSRN CITATIONS
Rank 2,428

SSRN RANKINGS

Top 2,428

in Total Papers Citations

265

CROSSREF CITATIONS

283

Scholarly Papers (30)

1.

Great Expectations and the End of the Depression

Number of pages: 48 Posted: 05 Jan 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 292 (133,770)
Citation 62

Abstract:

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deflation, Great Depression, regime change, zero interest rates

2.

Fiscal Multipliers and Policy Coordination

Number of pages: 67 Posted: 31 Mar 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 235 (166,397)
Citation 8

Abstract:

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policy coordination, zero bound, fiscal multipliers

3.

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

Number of pages: 42 Posted: 28 Jan 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 217 (179,512)
Citation 5

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Deflation, liquidity traps, zero bound on nominal interest rates

Dynamic Incentives and the Optimal Delegation of Political Power

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 136 (269,139)

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

Dynamic Incentives and the Optimal Delegation of Political Power

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 76 (398,792)

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Central banks, Governance

5.

The Paradox of Toil

Number of pages: 23 Posted: 02 Mar 2010 Last Revised: 24 May 2010
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 180 (212,662)
Citation 26

Abstract:

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zero bound, liquidity trap

6.

A Political Agency Theory of Central Bank Independence

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 170 (223,330)
Citation 1

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Central Bank Independece, Career Concerns, Elections, Experimetation

7.

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

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 155 (241,332)
Citation 22

Abstract:

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

8.

Was the New Deal Contractionary?

Number of pages: 40 Posted: 08 Nov 2006
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 124 (287,460)
Citation 37

Abstract:

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

9.

Secular Stagnation in the Open Economy

Number of pages: 14 Posted: 18 Apr 2016 Last Revised: 31 Jan 2021
Gauti B. Eggertsson, Neil R Mehrotra and Larry Summers
Federal Reserve Bank of New York, Brown University - Department of Economics and Harvard University
Downloads 116 (301,499)
Citation 3

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10.

A Bayesian Approach to Estimating Tax and Spending Multipliers

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 113 (307,189)
Citation 10

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tax and spending multipliers, zero interest rates, deflation

11.

What Fiscal Policy is Effective at Zero Interest Rates?

Number of pages: 36 Posted: 13 Nov 2009
Gauti B. Eggertsson
Federal Reserve Bank of New York
Downloads 110 (313,007)
Citation 87

Abstract:

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tax and spending multipliers, zero interest rates, deflation

12.

Optimal Monetary Policy in a Liquidity Trap

Number of pages: 79 Posted: 21 Sep 2003 Last Revised: 27 Sep 2021
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 110 (313,007)
Citation 2

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13.

Deficits, Public Debt Dynamics, and Tax and Spending Multipliers

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 (CUNY) - Department of Real Estate
Downloads 109 (315,007)
Citation 11

Abstract:

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fiscal policy, liquidity trap

14.
Downloads 92 (351,914)
Citation 1

Abstract:

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

15.

The Inflation-Output Trade-Off Revisited

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 84 (372,280)
Citation 4

Abstract:

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zero lower bound, trade-off

16.

Can Structural Reforms Help Europe?

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 Board of Governors of the Federal Reserve System
Downloads 75 (397,472)
Citation 31

Abstract:

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structural reforms, zero lower bound, monetary union

17.

A Model of Secular Stagnation

Number of pages: 53 Posted: 22 Oct 2014 Last Revised: 21 Mar 2021
Gauti B. Eggertsson and Neil R Mehrotra
Federal Reserve Bank of New York and Brown University - Department of Economics
Downloads 55 (465,411)
Citation 3

Abstract:

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18.

A Model of Secular Stagnation: Theory and Quantitative Evaluation

Number of pages: 90 Posted: 30 Jan 2017 Last Revised: 08 Aug 2021
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 50 (485,400)
Citation 54

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19.
Downloads 44 (511,453)
Citation 9

Is Increased Price Flexibility Stabilizing? Redux

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 27 (618,642)
Citation 1

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

Is Increased Price Flexibility Stabilizing? Redux

Number of pages: 51 Posted: 11 Feb 2014 Last Revised: 03 Nov 2021
Saroj Bhattarai, Gauti B. Eggertsson and Raphael Schoenle
Pennsylvania State University - Department of Economics, Federal Reserve Bank of New York and Brandeis University
Downloads 17 (694,801)
Citation 7

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20.

Optimal Monetary and Fiscal Policy in a Liquidity Trap

Number of pages: 63 Posted: 15 Aug 2012 Last Revised: 14 Feb 2021
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 42 (520,651)
Citation 18

Abstract:

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21.

Are Negative Nominal Interest Rates Expansionary?

Number of pages: 51 Posted: 20 Nov 2017 Last Revised: 08 Sep 2021
Gauti B. Eggertsson, Ragnar Juelsrud and Ella Wold
Federal Reserve Bank of New York, Norges Bank and Brown University
Downloads 27 (601,671)
Citation 8

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22.

The Rise, the Fall, and the Resurrection of Iceland

Number of pages: 65 Posted: 13 Nov 2017 Last Revised: 05 Aug 2021
Yale University, Federal Reserve Bank of New York and Central Bank of Iceland
Downloads 27 (601,671)

Abstract:

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23.

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

Number of pages: 69 Posted: 13 Jul 2015 Last Revised: 20 Oct 2021
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 23 (628,532)
Citation 5

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24.

A Contagious Malady? Open Economy Dimensions of Secular Stagnation

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 22 (635,596)
Citation 14

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25.

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

Number of pages: 30 Posted: 31 Oct 2016 Last Revised: 04 Apr 2021
Gauti B. Eggertsson and Sanjay R. Singh
Federal Reserve Bank of New York and University of California, Davis
Downloads 20 (649,765)
Citation 6

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26.

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

Number of pages: 76 Posted: 24 May 2016 Last Revised: 28 Oct 2021
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 18 (664,121)
Citation 31

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27.

Bernanke&Apos;S No-Arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap?

Number of pages: 30 Posted: 16 May 2016 Last Revised: 11 Oct 2021
Gauti B. Eggertsson and Kevin Proulx
Federal Reserve Bank of New York and Brown University
Downloads 13 (701,721)
Citation 4

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Dynamic Debt Deleveraging and Optimal Monetary Policy

Number of pages: 48 Posted: 06 Oct 2014 Last Revised: 02 Sep 2021
Pierpaolo Benigno, Gauti B. Eggertsson and Federica Romei
Luiss Guido Carli University, Federal Reserve Bank of New York and Luiss Guido Carli University
Downloads 11 (745,290)

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Dynamic Debt Deleveraging and Optimal Monetary Policy

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 (838,183)
Citation 2
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29.

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

Number of pages: 30 Posted: 30 Oct 2017 Last Revised: 21 Jun 2021
Gauti B. Eggertsson and Vaishali Garga
Federal Reserve Bank of New York and Brown University
Downloads 9 (733,275)
Citation 1

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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

Abstract:

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Sticky Prices, Central Bank Communication, Stochastic General Equilibrium Model