default author photo

Roc Armenter

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Economist

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

  • Federal Reserve Banks - Federal Reserve Bank of Philadelphia

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 46,316

SSRN RANKINGS

Top 46,316

in Total Papers Downloads

2,729

TOTAL CITATIONS
Rank 8,866

SSRN RANKINGS

Top 8,866

in Total Papers Citations

127

Scholarly Papers (22)

Actions:
Email selected abstracts
1.

Equilibrium Selection Through Incomplete Information in Coordination Games: An Experimental Study

Universitat Pompeu Fabra Working Paper No. 601
Number of pages: 28 Posted: 07 Mar 2002
Antonio Cabrales, Rosemarie Nagel and Roc Armenter
Universitat Pompeu Fabra (UPF) - Faculty of Economic and Business Sciences, Universitat Pompeu Fabra - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 261 (291,839)
Citation 30

Abstract:

Loading...

Global games, risk dominance, equilibrium selection, incomplete information, common knowledge

2.

Economies of Scale and the Size of Exporters

FRB of Philadelphia Working Paper No. 09-15
Number of pages: 42 Posted: 13 Aug 2009 Last Revised: 21 Nov 2019
Roc Armenter and Miklós Koren
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Princeton University - International Economics Section
Downloads 256 (300,076)
Citation 14

Abstract:

Loading...

3.

The Macroeconomics of Firms' Savings

FRB of Philadelphia Working Paper No. 12-1
Number of pages: 50 Posted: 22 Dec 2011 Last Revised: 07 Aug 2012
Roc Armenter and Viktoria V. Hnatkovska
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of British Columbia (UBC) - Department of Economics
Downloads 233 (331,797)
Citation 6

Abstract:

Loading...

Corporate savings, debt, equity, dividend taxation

4.

Excess Reserves and Monetary Policy Normalization

FRB of Philadelphia Working Paper No. 15-35
Number of pages: 40 Posted: 06 Oct 2015
Roc Armenter and Benjamin R. Lester
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 208 (366,366)
Citation 2

Abstract:

Loading...

Excess Reserves, Federal Funds Market, Federal Funds Rate

5.

Fraud Deterrence in Dynamic Mirrleesian Economies

FRB of Philadelphia Working Paper No. 10-7
Number of pages: 46 Posted: 12 Mar 2010 Last Revised: 17 Feb 2011
Roc Armenter and Thomas M. Mertens
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 188 (405,402)
Citation 2

Abstract:

Loading...

6.

A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow

Downloads 186 (411,650)
Citation 7

A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow

FRB of New York Staff Report No. 840
Number of pages: 44 Posted: 28 Feb 2018
Gara Afonso, Roc Armenter and Benjamin R. Lester
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 106 (668,983)
Citation 7

Abstract:

Loading...

monetary policy implementation, federal funds market, over-the-counter markets

A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow

FRB of Philadelphia Working Paper No. 18-10
Number of pages: 44 Posted: 23 Feb 2018 Last Revised: 29 Apr 2020
Roc Armenter and Benjamin R. Lester
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 80 (819,435)

Abstract:

Loading...

Monetary Policy Implementation, Federal Funds Market, Over-the-Counter Markets

7.

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think?

Downloads 172 (437,795)
Citation 6

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think?

FRB of New York Staff Report No. 230
Number of pages: 33 Posted: 26 Nov 2005
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 96 (715,783)
Citation 5

Abstract:

Loading...

time inconsistency, independent monetary policy, exchange rate regimes

Does the Time Inconsistency Problem Make Flexible Exchange Rates Look Worse than You Think?

FRB International Finance Discussion Paper No. 865
Number of pages: 39 Posted: 03 Nov 2006
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 76 (840,816)
Citation 1

Abstract:

Loading...

time inconsistency, independent monetary policy, exchange rate regimes

8.

The Perils of Nominal Targets

Downloads 148 (502,974)
Citation 23

The Perils of Nominal Targets

FRB of Philadelphia Working Paper No. 14-2
Number of pages: 34 Posted: 17 Dec 2013
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 83 (798,777)
Citation 23

Abstract:

Loading...

Markov equilibrium, Inflation, Monetary policy, Nominal targets

The Perils of Nominal Targets

FRB of Philadelphia Working Paper No. 16-30
Number of pages: 53 Posted: 11 Nov 2016
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 65 (929,821)

Abstract:

Loading...

inflation targeting, zero lower bound, Markov equilibria

9.

Rational Inattention Via Ignorance Equivalence

Downloads 145 (508,926)

Rational Inattention Via Ignorance Equivalence

FRB of Philadelphia Working Paper No. 21-29
Number of pages: 53 Posted: 10 Sep 2021
Michele Muller-Itten, Roc Armenter and Zachary Stangebye
University of Notre Dame, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Notre Dame
Downloads 100 (694,787)

Abstract:

Loading...

Rational inattention, information acquisition, learning.

Rational Inattention Via Ignorance Equivalence

FRB of Philadelphia Working Paper No. 20-24
Number of pages: 51 Posted: 14 May 2021
Roc Armenter, Michele Muller-Itten and Zachary Stangebye
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Notre Dame and University of Notre Dame
Downloads 45 (1,144,483)

Abstract:

Loading...

Rational inattention, information acquisition, learning.

10.

Excess Reserves and Monetary Policy Implementation

FRB of Philadelphia Working Paper No. 16-33
Number of pages: 41 Posted: 30 Nov 2016
Roc Armenter and Benjamin R. Lester
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 137 (534,155)
Citation 8

Abstract:

Loading...

excess reserves, federal funds market, federal funds rates

11.

Endogenous Productivity and Development Accounting

FRB of New York Staff Report No. 258
Number of pages: 47 Posted: 27 Sep 2006
Roc Armenter and Amartya Lahiri
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of British Columbia (UBC) - Department of Economics
Downloads 128 (565,439)
Citation 1

Abstract:

Loading...

cross-country income, productivity, vintage capital

12.

Can U.S. Monetary Policy Fall (Again) into an Expectation Trap?

FRB of New York Staff Report No. 229, FRB International Finance Discussion Paper No. 860
Number of pages: 46 Posted: 26 Nov 2005
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 102 (679,608)
Citation 3

Abstract:

Loading...

expectation traps, monetary policy discretion, inflation

13.

Credible Redistributive Policies and Migration across US States

Number of pages: 55 Posted: 25 Jul 2007
Roc Armenter and Francesc Ortega
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and City University of New York, CUNY Queens College - Department of Economics
Downloads 76 (844,901)
Citation 2

Abstract:

Loading...

Migration, taxation, education, credibility

14.

Of Nutters and Doves

FRB International Finance Discussion Paper No. 885
Number of pages: 32 Posted: 26 Feb 2007
Roc Armenter and Martin Bodenstein
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Board of Governors of the Federal Reserve System
Downloads 72 (860,052)

Abstract:

Loading...

Monetary policy, inflation targeting, rules versus discretion

15.

Sustainable Monetary Policy and Inflation Expectations

FRB of Philadelphia Working Paper No. 10-20
Number of pages: 31 Posted: 10 Jun 2010
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 71 (875,328)

Abstract:

Loading...

16.

Intertemporal Distortions in the Second Best

Downloads 69 (899,324)

Intertemporal Distortions in the Second Best

NBER Working Paper No. w13629
Number of pages: 45 Posted: 29 Nov 2007 Last Revised: 29 Sep 2022
Stefania Albanesi, Stefania Albanesi and Roc Armenter
Columbia University, Graduate School of Arts and Sciences, Department of EconomicsNew York University (NYU) - Leonard N. Stern School of Business and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 60 (986,385)

Abstract:

Loading...

Intertemporal Distortions in the Second Best

CEPR Discussion Paper No. DP6577
Number of pages: 38 Posted: 06 Jun 2008
Roc Armenter, Stefania Albanesi and Stefania Albanesi
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Columbia University, Graduate School of Arts and Sciences, Department of EconomicsNew York University (NYU) - Leonard N. Stern School of Business
Downloads 9 (1,621,812)
  • Add to Cart

Abstract:

Loading...

Intertemporal Distortions, Optimal Dynamic Taxation

17.

On the Use of Market-Based Probabilities for Policy Decisions

FRB of Philadelphia Working Paper No. 15-44
Number of pages: 11 Posted: 15 Dec 2015
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 66 (907,769)

Abstract:

Loading...

Policy, Market-based probabilities, policymakers

18.

Geometric Methods for Finite Rational Inattention

FRB of Philadelphia Working Paper No. 21-30
Number of pages: 40 Posted: 16 Sep 2021
Roc Armenter, Michele Muller-Itten and Zachary Stangebye
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Notre Dame and University of Notre Dame
Downloads 63 (942,565)
Citation 2

Abstract:

Loading...

rational inattention, Shannon entropy, information acquisition, learning, consideration sets

19.

A Tractable Model of the Demand for Reserves Under Nonlinear Remuneration Schemes

FRB of Philadelphia Working Paper No. 16-35
Number of pages: 27 Posted: 16 Dec 2016
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 61 (961,006)
Citation 1

Abstract:

Loading...

Bank reserves, monetary policy implementation.

20.

On the Timing of Monetary Policy Reform

FRB of Philadelphia Working Paper No. 13-4
Number of pages: 37 Posted: 08 Feb 2013
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 55 (1,020,567)

Abstract:

Loading...

Monetary Policy, New Keynesian Economy

21.

A Balls-and-Bins Model of Trade

CEPR Discussion Paper No. DP7783
Number of pages: 45 Posted: 19 May 2010
Roc Armenter and Miklós Koren
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Princeton University - International Economics Section
Downloads 31 (1,332,057)
Citation 20
  • Add to Cart

Abstract:

Loading...

extensive margin, international trade, sparse trade

22.

The Dynamics of Ample Reserves

Number of pages: 18 Posted: 15 Jul 2026
Roc Armenter
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 1

Abstract:

Loading...

monetary policy; liquid deposits; ample reserves; policy rate