Gauti B. Eggertsson

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 20,388

SSRN RANKINGS

Top 20,388

in Total Papers Downloads

2,593

SSRN CITATIONS
Rank 2,247

SSRN RANKINGS

Top 2,247

in Total Papers Citations

248

CROSSREF CITATIONS

282

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 288 (115,659)
Citation 60

Abstract:

Loading...

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 219 (152,507)
Citation 8

Abstract:

Loading...

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 133 (235,770)

Abstract:

Loading...

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 73 (353,690)

Abstract:

Loading...

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 199 (166,775)
Citation 3

Abstract:

Loading...

Deflation, liquidity traps, zero bound on nominal interest rates

5.

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 169 (192,921)
Citation 27

Abstract:

Loading...

zero bound, liquidity trap

6.

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 162 (199,995)
Citation 1

Abstract:

Loading...

Central Bank Independece, Career Concerns, Elections, Experimetation

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 152 (211,027)
Citation 22

Abstract:

Loading...

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 123 (249,395)
Citation 37

Abstract:

Loading...

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

9.

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 107 (275,621)
Citation 1

Abstract:

Loading...

10.

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 106 (277,423)
Citation 75

Abstract:

Loading...

tax and spending multipliers, zero interest rates, deflation

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 106 (277,423)
Citation 10

Abstract:

Loading...

tax and spending multipliers, zero interest rates, deflation

12.

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 104 (281,215)
Citation 2

Abstract:

Loading...

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 99 (292,589)
Citation 9

Abstract:

Loading...

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 88 (313,300)
Citation 1

Abstract:

Loading...

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 77 (339,481)
Citation 4

Abstract:

Loading...

zero lower bound, trade-off

16.

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 Board of Governors of the Federal Reserve System
Downloads 67 (366,582)
Citation 24

Abstract:

Loading...

structural reforms, zero lower bound, monetary union

17.

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 54 (407,677)
Citation 3

Abstract:

Loading...

18.

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 47 (432,967)
Citation 33

Abstract:

Loading...

19.
Downloads 39 (465,408)
Citation 4

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 26 (545,268)
Citation 1

Abstract:

Loading...

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 13 (636,890)
Citation 2

Abstract:

Loading...

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 38 (469,684)
Citation 10

Abstract:

Loading...

21.

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 24 (541,763)
Citation 6

Abstract:

Loading...

22.

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 (554,237)

Abstract:

Loading...

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 20 (566,821)
Citation 10

Abstract:

Loading...

24.

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 15 (599,264)
Citation 2

Abstract:

Loading...

25.

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 15 (599,264)
Citation 2

Abstract:

Loading...

26.

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 14 (606,038)
Citation 18

Abstract:

Loading...

27.

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 12 (619,932)
Citation 1

Abstract:

Loading...

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 11 (652,266)

Abstract:

Loading...

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 (742,116)
Citation 1
  • Add to Cart

Abstract:

Loading...

29.

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 9 (640,786)

Abstract:

Loading...

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:

Loading...

Sticky Prices, Central Bank Communication, Stochastic General Equilibrium Model