Andrea Ajello

Board of Governors of the Federal Reserve System

Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

http://sites.google.com/site/ajelloandrea/

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

9

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SSRN CITATIONS
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Top 13,281

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48

CROSSREF CITATIONS

40

Scholarly Papers (9)

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1.

Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

Downloads 847 ( 40,605)
Citation 24

Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

Number of pages: 112 Posted: 12 Jul 2011 Last Revised: 01 Nov 2015
Andrea Ajello
Board of Governors of the Federal Reserve System
Downloads 666 (55,227)
Citation 6

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DSGE Model, Financial Frictions, Financial Shocks, Bayesian Estimation, Public Supply of Liquidity, Compustat, Financing Gap, Great Recession

Financial Intermediation, Investment Dynamics and Business Cycle Fluctuations

FEDS Working Paper No. 2012-67
Number of pages: 57 Posted: 01 Jan 2013 Last Revised: 21 May 2014
Andrea Ajello
Board of Governors of the Federal Reserve System
Downloads 181 (230,787)
Citation 25

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DSGE model, Financial frictions, Financial shocks, Bayesian estimation, Capital expenditure financing

2.

Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates

Number of pages: 50 Posted: 29 May 2011 Last Revised: 23 Dec 2012
Andrea Ajello, Luca Benzoni and Olena Chyruk
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department and Federal Reserve Bank of Chicago
Downloads 430 (95,760)
Citation 11

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term structure of interest rates, real rates, inflation, inflation risk premium, real rate risk premium

3.

Financial Stability and Optimal Interest-Rate Policy

FEDS Working Paper No. 2016-67
Number of pages: 72 Posted: 19 Aug 2016 Last Revised: 21 Sep 2016
Andrea Ajello, Thomas Laubach, David Lopez-Salido and Taisuke Nakata
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 332 (128,140)
Citation 12

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4.

Monetary Policy, Inflation Outlook, and Recession Probabilities

Downloads 217 (196,860)

Monetary Policy, Inflation Outlook, and Recession Probabilities

FEDS Notes No. 2022-07-12
Posted: 21 Jul 2022
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer and Francisco Vazquez-Grande
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department, Independent, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Monetary Policy, Inflation Outlook, and Recession Probabilities

Number of pages: 18 Posted: 22 Jul 2022
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer and Francisco Vazquez-Grande
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 186 (225,298)

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yield-curve slope, recession forecasts, near-term forward spread, monetary policy, bond risk premia, policy path

Monetary Policy, Inflation Outlook, and Recession Probabilities

FRB of Chicago Working Paper No. 2022-31
Number of pages: 19 Posted: 13 Jul 2022
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer and Francisco Vazquez-Grande
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 23 (698,639)

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yield-curve slope, recession forecasts, monetary policy, bond risk premia, policy path, inflation forecasts, near-term forward spread

Monetary policy, inflation outlook,and recession probabilities

FRB of Chicago Working Paper, Forthcoming, Economic Perspectives, No. 4, 2022
Number of pages: 14 Posted: 03 Aug 2022
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer and Francisco Vazquez-Grande
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 8 (850,941)

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yield-curve slope, recession forecasts, monetary policy, bond risk premia, policy path, inflation forecasts, near-term forward spread, Asset Markets and Pricing, Equities, Fixed Income Securities, Business Fluctuations, Cycles, Prices

5.

Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms

Downloads 194 (220,210)

Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms

FRB of New York Staff Report No. 1002
Number of pages: 29 Posted: 16 Feb 2022
Andrea Ajello, Nina Boyarchenko, Francois Gourio and Andrea Tambalotti
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Federal Reserve Bank of Chicago and Federal Reserve Bank of New York
Downloads 135 (299,274)

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monetary policy, financial stability, credit, leverage, liquidity, asset prices

Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms

FEDS Working Paper No. 2022-5
Number of pages: 29 Posted: 18 Feb 2022
Andrea Ajello, Nina Boyarchenko, Francois Gourio and Andrea Tambalotti
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Federal Reserve Bank of Chicago and Federal Reserve Bank of New York
Downloads 48 (542,947)

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Monetary policy, Asset prices, Financial stability, Financial crises, Credit, Leverage, Liquidity

Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms

FRB of Chicago Working Paper No. 2022-06
Number of pages: 29 Posted: 16 Feb 2022
Andrea Ajello, Nina Boyarchenko, Francois Gourio and Andrea Tambalotti
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Federal Reserve Bank of Chicago and Federal Reserve Bank of New York
Downloads 11 (808,556)

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monetary policy, financial stability, financial crises, credit, leverage, liquidity, asset prices

6.

No-Arbitrage Restrictions and the U.S. Treasury Market

Downloads 147 (274,273)
Citation 2

No-Arbitrage Restrictions and the U.S. Treasury Market

Economic Perspectives, Forthcoming
Number of pages: 20 Posted: 08 May 2012 Last Revised: 02 Jun 2012
Andrea Ajello, Luca Benzoni and Olena Chyruk
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department and Federal Reserve Bank of Chicago
Downloads 84 (407,414)

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No-arbitrage restrictions, U.S. Treasury market, dynamic term structure models, affine models, limits to arbitrage

No-Arbitrage Restrictions and the U.S. Treasury Market

Economic Perspectives, Vol. XXXVI, No. 2, p. 55, 2012
Number of pages: 20 Posted: 17 Jul 2012 Last Revised: 20 Jul 2012
Andrea Ajello, Luca Benzoni and Olena Chyruk
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department and Federal Reserve Bank of Chicago
Downloads 63 (478,143)

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no-arbitrage restrictions, U.S. Treasury market, dynamic term structure models, affine models, limits to arbitrage, Asset Pricing, Trading volume, Bond Interest Rates, Interest Rates: Determination, Term Structure, and Effects, Banks, Other Depository Institutions, Micro Finance Institutions

7.

Monetary Policy Tradeoffs and the Federal Reserve'S Dual Mandate

FEDS Working Paper No. 2020-66
Number of pages: 33 Posted: 02 Sep 2020 Last Revised: 11 Sep 2020
Andrea Ajello, Isabel Cairo, Vasco Cúrdia, Thomas Lubik and Albert Queralto
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of Richmond and Board of Governors of the Federal Reserve System
Downloads 134 (294,742)
Citation 1

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8.

Core and 'Crust': Consumer Prices and the Term Structure of Interest Rates -- Online Appendix

Number of pages: 21 Posted: 23 Dec 2012
Andrea Ajello, Luca Benzoni and Olena Chyruk
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department and Federal Reserve Bank of Chicago
Downloads 65 (464,113)
Citation 6

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term structure of interest rates, real rates, inflation, inflation risk premium

9.

Sources of Fluctuations in Short-Term Yields and Recession Probabilities

Number of pages: 12
Andrea Ajello, Luca Benzoni, Makena Schwinn, Yannick Timmer and Francisco Vazquez-Grande
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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yield‐curve slope, recession forecasts, monetary policy, bond risk premia, policy path, inflation forecasts, near‐term forward spread