Damjan Pfajfar

Board of Governors of the Federal Reserve System

Principal Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 37,160

SSRN RANKINGS

Top 37,160

in Total Papers Downloads

1,360

SSRN CITATIONS
Rank 11,284

SSRN RANKINGS

Top 11,284

in Total Papers Citations

38

CROSSREF CITATIONS

62

Scholarly Papers (24)

1.

Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory

CentER Discussion Paper Series No. 2011-091
Number of pages: 62 Posted: 26 Jan 2009 Last Revised: 15 Aug 2011
Damjan Pfajfar and Blaz Zakelj
Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra
Downloads 178 (188,158)
Citation 22

Abstract:

Loading...

Laboratory Experiments, Inflation Expectations, New Keynesian Mode, Monetary Policy Design

2.

The Role of Financial Intermediaries in Monetary Policy Transmission

De Nederlandsche Bank Working Paper No. 420
Number of pages: 23 Posted: 24 Apr 2014
Thorsten Beck, Andrea Colciago and Damjan Pfajfar
City University London - Sir John Cass Business School, De Nederlandsche Bank - Research Department and Board of Governors of the Federal Reserve System
Downloads 172 (193,831)
Citation 3

Abstract:

Loading...

Financial Intermediation, DSGE models, Financial Frictions

3.

Consumers' Attitudes and Their Inflation Expectations

FEDS Working Paper No. 2015-015, http://dx.doi.org/10.17016/FEDS.2015.015
Number of pages: 31 Posted: 19 Apr 2015
Michael Ehrmann, Damjan Pfajfar and Emiliano Santoro
European Central Bank (ECB), Board of Governors of the Federal Reserve System and University of Copenhagen - Department of Economics
Downloads 110 (275,659)
Citation 8

Abstract:

Loading...

Consumer Attitudes, Inflation Expectations, News on Inflation

4.

Credit Market Distortions, Asset Prices and Monetary Policy

European Banking Center Discussion Paper No. 2012-005, CentER Discussion Paper Series No. 2012-010
Number of pages: 28 Posted: 02 Feb 2012
Damjan Pfajfar and Emiliano Santoro
Board of Governors of the Federal Reserve System and Catholic University of the Sacred Heart of Milan - Department of Economics
Downloads 96 (302,192)
Citation 4

Abstract:

Loading...

monetary policy, cost channel, asset prices, determinacy, e-stability

5.

Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy

TILEC Discussion Paper No. 2011-030, European Banking Center Discussion Paper No. 2011-006
Number of pages: 54 Posted: 16 Mar 2011 Last Revised: 26 Mar 2011
Charles N. Noussair, Damjan Pfajfar and Janos Zsiros
Tilburg University, Board of Governors of the Federal Reserve System and Cornell University
Downloads 89 (317,031)
Citation 7

Abstract:

Loading...

Experimental Economics, DSGE economy, Monetary Policy, Menu costs

6.

Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory

European Banking Center Discussion Paper No. 2012-018, CentER Discussion Paper Series No. 2012-072
Number of pages: 66 Posted: 10 May 2011 Last Revised: 04 Sep 2012
Damjan Pfajfar and Blaz Zakelj
Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra
Downloads 78 (343,362)
Citation 5

Abstract:

Loading...

Laboratory Experiments, Confidence Bounds, New Keynesian Model

7.

News on Inflation and the Epidemiology of Inflation Expectations

European Banking Center Discussion Paper No. 2012-012, Center Discussion Paper Series No. 2012-048
Number of pages: 47 Posted: 16 Jun 2012
Damjan Pfajfar and Emiliano Santoro
Board of Governors of the Federal Reserve System and University of Copenhagen - Department of Economics
Downloads 66 (376,435)
Citation 9

Abstract:

Loading...

Inflation, Survey Expectations, News, Information Stickiness

Loss Aversion and the Asymmetric Transmission of Monetary Policy

Univ. of Copenhagen Dept. of Economics Discussion Paper No. 12-21
Number of pages: 40 Posted: 16 Nov 2012
University of Trento - Department of Economics and Management, University of Warwick, Board of Governors of the Federal Reserve System and University of Copenhagen - Department of Economics
Downloads 59 (403,941)
Citation 1

Abstract:

Loading...

Asymmetry, Monetary Policy, Business Cycle, Prospect Theory

Loss Aversion and the Asymmetric Transmission of Monetary Policy

CEPR Discussion Paper No. DP10105
Number of pages: 55 Posted: 25 Sep 2014
University of Trento - Department of Economics and Management, University of Warwick, Board of Governors of the Federal Reserve System and Catholic University of the Sacred Heart of Milan - Department of Economics
Downloads 0
Citation 6
  • Add to Cart

Abstract:

Loading...

asymmetry, business cycle, monetary policy, prospect theory

Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication

CentER Discussion Paper Series No. 2013-063
Number of pages: 35 Posted: 12 Nov 2013
Lena Dräger, Michael J. Lamla and Damjan Pfajfar
Leibniz Universität Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 35 (503,697)
Citation 2

Abstract:

Loading...

Macroeconomic expectations, microdata, macroeconomic literacy, central bank communication, consumer forecast accuracy

Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication

KOF Working Papers No. 345
Number of pages: 36 Posted: 08 Nov 2013
Lena Dräger, Michael J. Lamla and Damjan Pfajfar
Leibniz Universität Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 19 (604,090)
Citation 2

Abstract:

Loading...

Macroeconomic expectations, microdata, macroeconomic literacy, central bank communication, consumer forecast accuracy

10.

Determinacy, Stock Market Dynamics and Monetary Policy Inertia

Univ. of Copenhagen Dept. of Economics Discussion Paper No. 08-30
Number of pages: 11 Posted: 29 Nov 2008
Damjan Pfajfar and Emiliano Santoro
Board of Governors of the Federal Reserve System and University of Copenhagen - Department of Economics
Downloads 54 (415,289)

Abstract:

Loading...

monetary policy, asset prices, rational expectation equilibrium uniqueness

11.

Reference-Dependent Preferences and the Transmission of Monetary Policy

Center for Economic Studies, KU Leuven - Discussion Paper No. 10.28 , CentER Discussion Paper Series No. 2010-111, European Banking Center Discussion Paper No. 2010-28
Number of pages: 34 Posted: 14 Oct 2010 Last Revised: 15 Apr 2011
Universita degli Studi - Department of Economics, University of Warwick, Board of Governors of the Federal Reserve System and University of Copenhagen - Department of Economics
Downloads 48 (437,123)
Citation 1

Abstract:

Loading...

Reference-dependent Preferences, Asymmetry, Monetary policy

Inflation and Deflationary Biases in Inflation Expectations

BIS Working Paper No. 789
Number of pages: 53 Posted: 25 Jun 2019
Michael J. Lamla, Damjan Pfajfar and Lea Rendell
ETH Zurich - KOF Swiss Economic Institute, Board of Governors of the Federal Reserve System and University of Maryland
Downloads 24 (568,787)

Abstract:

Loading...

inflation bias, deflationary bias, confidence in central banks, trust, effective lower bound, inflation expectations, microdata

Inflation and Deflationary Biases in Inflation Expectations

FEDS Working Paper No. 2019-042
Number of pages: 52 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Michael J. Lamla, Damjan Pfajfar and Lea Rendell
ETH Zurich - KOF Swiss Economic Institute, Board of Governors of the Federal Reserve System and University of Maryland
Downloads 12 (656,509)

Abstract:

Loading...

ZLB, Confidence in Central Banks, Deflationary Bias, Inflation Bias, Inflation Expectations, Microdata

13.

Consumer Attitudes and the Epidemiology of Inflation Expectations

CentER Discussion Paper Series No. 2014-029
Number of pages: 36 Posted: 24 Apr 2014
Michael Ehrmann, Damjan Pfajfar and Emiliano Santoro
European Central Bank (ECB), Board of Governors of the Federal Reserve System and Catholic University of the Sacred Heart of Milan - Department of Economics
Downloads 36 (487,502)
Citation 5

Abstract:

Loading...

Survey Infl‡ation Expectations; News on In‡flation; Information Stickiness; Consumer Attitudes.

14.

Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory

FEDS Working Paper No. 2015-045, http://dx.doi.org/10.17016/FEDS.2015.045
Number of pages: 40 Posted: 10 Jul 2015
Damjan Pfajfar and Blaz Zakelj
Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra
Downloads 35 (492,181)
Citation 3

Abstract:

Loading...

Inflation Expectations, Laboratory Experiments, Monetary Policy Design, New Keynesian Model

15.

The Role of Expectations in Changed Inflation Dynamics

FEDS Working Paper No. 2018-062
Number of pages: 47 Posted: 17 Sep 2018 Last Revised: 21 Feb 2019
Damjan Pfajfar and John M. Roberts
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 34 (496,992)

Abstract:

Loading...

Phillips curve, Survey inflation expectations, Inflation dynamics

16.

Credit Frictions, Collateral and the Cyclical Behavior of the Finance Premium

Macroeconomic Dynamics, Vol. 18, No. 05, 2014
Number of pages: 19 Posted: 04 Jul 2015 Last Revised: 22 Sep 2016
University of Manchester, University of Manchester and Board of Governors of the Federal Reserve System
Downloads 33 (501,824)

Abstract:

Loading...

Credit Frictions; Business Cycles; Collateral; Finance Premium; DSGE

17.

Formation of Rationally Heterogeneous Expectations

CentER Discussion Paper Series No. 2012-083
Number of pages: 39 Posted: 22 Oct 2012
Damjan Pfajfar
Board of Governors of the Federal Reserve System
Downloads 33 (501,824)
Citation 6

Abstract:

Loading...

heterogeneous expectations, cobweb model, adaptive learning, rational expectations

When is the Fiscal Multiplier High? A Comparison of Four Business Cycle Phases

FEDS Working Paper No. 2020-026 https://doi.org/10.17016/FEDS.2020.026
Number of pages: 32 Posted: 18 May 2020
Travis J. Berge, Maarten De Ridder and Damjan Pfajfar
Board of Governors of the Federal Reserve System, University of Cambridge and Board of Governors of the Federal Reserve System
Downloads 18 (611,320)

Abstract:

Loading...

Fiscal multiplier; Countercyclical policy; Cross-sectional analysis; Local projections

When is the Fiscal Multiplier High? A Comparison of Four Business Cycle Phases

Number of pages: 31 Posted: 13 Jan 2020
Travis J. Berge, Maarten De Ridder and Damjan Pfajfar
Board of Governors of the Federal Reserve System, University of Cambridge and Board of Governors of the Federal Reserve System
Downloads 12 (656,509)
Citation 1

Abstract:

Loading...

Fiscal multipliers, countercyclical policy, cross-sectional analysis, local projections

19.

Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News

FEDS Working Paper No. 2015-035, http://dx.doi.org/10.17016/FEDS.2015.035
Number of pages: 48 Posted: 26 Jul 2015
Lena Dräger, Michael J. Lamla and Damjan Pfajfar
Leibniz Universität Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 29 (522,476)

Abstract:

Loading...

Macroeconomic expectations,central bank communication,consumer forecast accuracy,macroeconomic literacy,monetary news,survey microdata

20.

Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy

FEDS Working Paper No. 2014-93
Number of pages: 27 Posted: 22 Nov 2014
Charles N. Noussair, Damjan Pfajfar and Janos Zsiros
Tilburg University, Board of Governors of the Federal Reserve System and Cornell University
Downloads 25 (545,669)
Citation 3

Abstract:

Loading...

Experimental economics, DSGE economy, pricing behavior, menu costs

21.

Duration Dependence, Monetary Policy Asymmetries, and the Business Cycle

FEDS Working Paper No. 2019-020
Number of pages: 28 Posted: 28 Mar 2019
Travis J. Berge and Damjan Pfajfar
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 23 (558,086)

Abstract:

Loading...

Duration analysis, Business cycles, Hazard rates, Monetary policy asymmetries

22.

Reference-Dependent Preferences and the Transmission of Monetary Policy

Number of pages: 34 Posted: 11 Nov 2010
Università degli Studi di Udine - Department of Economics, University of Warwick, Board of Governors of the Federal Reserve System and Catholic University of the Sacred Heart of Milan - Department of Economics
Downloads 19 (583,997)
Citation 1

Abstract:

Loading...

Reference-dependent Preferences, Asymmetry, Monetary policy

23.

The Hidden Heterogeneity of Inflation Expectations and its Implications

FEDS Working Paper No. 2020-054
Number of pages: 29 Posted: 16 Jul 2020
Lena Drager, Michael J. Lamla and Damjan Pfajfar
University of Hamburg, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 13 (624,338)

Abstract:

Loading...

24.

The Multiplier Effect of Education Expenditure

FEDS Working Paper No. 2020-058
Number of pages: 39 Posted: 25 Aug 2020
Maarten De Ridder, Simona Hannon and Damjan Pfajfar
University of Cambridge, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 10 (645,606)

Abstract:

Loading...

Fiscal expenditure, Pell grants, Education policy, Fiscal multipliers