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

21

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CITATIONS
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44

Scholarly Papers (21)

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 172 (171,900)
Citation 18

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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 137 (207,807)
Citation 11

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Financial Intermediation, DSGE models, Financial Frictions

3.

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 91 (278,371)
Citation 4

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

4.

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 86 (288,453)
Citation 3

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Experimental Economics, DSGE economy, Monetary Policy, Menu costs

5.

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 68 (330,373)
Citation 3

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Laboratory Experiments, Confidence Bounds, New Keynesian Model

6.

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 66 (335,648)
Citation 5

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Consumer Attitudes, Inflation Expectations, News on Inflation

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 63 (343,819)
Citation 15

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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 56 (369,784)

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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 15
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asymmetry, business cycle, monetary policy, prospect theory

9.

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 51 (380,156)
Citation 1

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monetary policy, asset prices, rational expectation equilibrium uniqueness

10.

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 46 (397,189)

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Reference-dependent Preferences, Asymmetry, Monetary policy

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 University Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 25 (501,622)
Citation 1

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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 University Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 16 (558,433)
Citation 1

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

12.

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 29 (466,295)
Citation 3

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

13.

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 29 (466,295)
Citation 5

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heterogeneous expectations, cobweb model, adaptive learning, rational expectations

14.

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 27 (476,313)

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

15.

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 University Hannover, ETH Zurich - KOF Swiss Economic Institute and Board of Governors of the Federal Reserve System
Downloads 26 (481,559)

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

16.

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 25 (487,052)
Citation 4

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

17.

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 24 (492,509)
Citation 1

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Phillips curve, Survey inflation expectations, Inflation dynamics

18.

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 23 (498,022)
Citation 2

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Experimental economics, DSGE economy, pricing behavior, menu costs

19.

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 17 (532,575)

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

20.

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 17 (532,575)

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Reference-dependent Preferences, Asymmetry, Monetary policy

21.

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 7 (593,158)

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