Pierlauro Lopez

Federal Reserve Banks - Federal Reserve Bank of Cleveland

East 6th & Superior

Cleveland, OH 44101-1387

United States

  • Federal Reserve Banks - Federal Reserve Bank of Cleveland

SCHOLARLY PAPERS

14

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1,433

SSRN CITATIONS
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Top 15,539

in Total Papers Citations

18

CROSSREF CITATIONS

61

Scholarly Papers (14)

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1.

A New Keynesian Q Theory and the Link between Inflation and the Stock Market

Review of Economic Dynamics, Vol. 29, No. July, 2018, https://doi.org/10.1016/j.red.2017.12.008
Number of pages: 48 Posted: 30 Dec 2012 Last Revised: 30 Aug 2018
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 295 (165,462)

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Nominal rigidities and asset prices, Return forecastability, Misspecification, Firm-specific capital, Money illusion

2.

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Downloads 287 (170,291)
Citation 5

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Number of pages: 44 Posted: 05 Jul 2015 Last Revised: 12 May 2022
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 254 (191,896)
Citation 2

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Intertemporal risk prices, Risk-return tradeoff

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Banque de France Working Paper No. 702
Number of pages: 42 Posted: 11 Dec 2018
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 33 (732,649)
Citation 5

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Intertemporal risk prices, Risk-return tradeoff

3.

Nominal Rigidities and the Term Structures of Equity and Bond Returns

Downloads 246 (198,883)
Citation 7

Nominal Rigidities and the Term Structures of Equity and Bond Returns

Number of pages: 44 Posted: 05 Jul 2015 Last Revised: 24 Jul 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 130 (348,030)
Citation 4

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Structural term structure modeling, Equity and bond yields, Habit formation, Nominal rigidities

Nominal Rigidities and the Term Structures of Equity and Bond Returns

FEDS Working Paper No. 2015-064, http://dx.doi.org/10.17016/FEDS.2015.064
Number of pages: 45 Posted: 25 Aug 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 116 (379,016)
Citation 4

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Equity and bond yields, Habit formation, Nominal rigidities, Structural term structure modeling

4.

The Term Structure of the Welfare Cost of Uncertainty

Downloads 150 (310,060)
Citation 19

The Term Structure of the Welfare Cost of Uncertainty

Number of pages: 33 Posted: 30 Dec 2012 Last Revised: 07 Nov 2014
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 113 (386,325)

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Welfare cost of business cycles, Macroeconomic priorities, Dividend strips, Return forecastability

The Term Structure of the Welfare Cost of Uncertainty

Banque de France Working Paper No. 521
Number of pages: 38 Posted: 28 Nov 2014
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 37 (704,129)
Citation 25

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Welfare cost of business cycles, Macroeconomic priorities, Dividend strips, Return forecastability

5.

An Analytical Framework to Calibrate Macroprudential Policy.

Banque de France Working Paper No. 648
Number of pages: 86 Posted: 01 Nov 2017
Taryk Bennani, Cyril Couaillier, Antoine Devulder, Silvia Gabrieli, Julien Idier, Pierlauro Lopez, Thibaut Piquard and Valerio Scalone
Banque de France, Banque de France, Banque de France, Banque de France, Banque de France - Centre de Recherche, Federal Reserve Banks - Federal Reserve Bank of Cleveland, Banque de France and Banque de France
Downloads 126 (355,114)
Citation 4

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Macroprudential policy; Countercyclical capital buffer; Systemic risk buffer

6.

Accounting for Risk in a Linearized Solution: How to Approximate the Risky Steady State and Perturb Around It

Number of pages: 44 Posted: 31 Jul 2020 Last Revised: 11 May 2022
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 79 (485,142)

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Risk modeling, Intertemporal choice under uncertainty

7.

Welfare Implications of Asset Pricing Facts: Should Central Banks Fill Gaps or Remove Volatility?

Downloads 76 (496,067)

Welfare Implications of Asset Pricing Facts: Should Central Banks Fill Gaps or Remove Volatility?

Number of pages: 40 Posted: 07 Nov 2018 Last Revised: 09 Apr 2021
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 54 (601,305)

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welfare cost of business cycles, macroeconomic priorities, equity and bond yields, optimal monetary policy, financial stability

Welfare Implications of Asset Pricing Facts: Should Central Banks Fill Gaps or Remove Volatility?

FRB of Cleveland Working Paper No. 21-16R, https://doi.org/10.26509/frbc-wp-202116r
Number of pages: 48 Posted: 01 Sep 2021 Last Revised: 16 May 2023
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 22 (821,417)

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Welfare cost of business cycles, Macroeconomic priorities, Equity and bond yields, Optimal monetary policy, Financial stability

8.

Reassessing the Role of Stock Prices in the Conduct of Monetary Policy

Number of pages: 26 Posted: 30 Dec 2012 Last Revised: 04 Jul 2015
Pierlauro Lopez
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 75 (499,859)
Citation 2

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Optimal interest-rate rules, New Keynesian model, Nominal rigidities, Asset prices, Tobin’s Q

9.

Accounting for Risk in a Linearized Solution: How to Approximate the Risky Steady State and Around It

FRB of Cleveland Working Paper No. 22-14
Number of pages: 46 Posted: 11 May 2022
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 39 (673,468)

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Perturbation methods; Risky steady state; Macroeconomic uncertainty; Solving dynamic equilibrium models; Time-varying risk premia

10.

On the Importance of Household versus Firm Credit Frictions in the Great Recession

FRB of Cleveland Working Paper No. 20-28
Number of pages: 76 Posted: 28 Sep 2020
Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino
Federal Reserve Bank of Minneapolis - Research Department, Federal Reserve Banks - Federal Reserve Bank of Cleveland, New York University (NYU) and Stanford University - Department of Economics
Downloads 21 (803,267)
Citation 1

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credit constraints, collateral constraints, Great Recession, financial recession, government transfers

11.

Asset Prices and Unemployment Fluctuations

NBER Working Paper No. w26580
Number of pages: 55 Posted: 24 Dec 2019 Last Revised: 16 Feb 2023
Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigin and Elena Pastorino
Stanford University, Federal Reserve Banks - Federal Reserve Bank of Cleveland, New York University (NYU) - Department of Economics and Stanford University - Department of Economics
Downloads 16 (846,760)

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12.

Credit Frictions in the Great Recession

NBER Working Paper No. w28201
Number of pages: 64 Posted: 21 Dec 2020 Last Revised: 21 Jan 2023
Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigin and Elena Pastorino
Stanford University, Federal Reserve Banks - Federal Reserve Bank of Cleveland, New York University (NYU) - Department of Economics and Stanford University - Department of Economics
Downloads 10 (901,131)

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13.

Nominal Rigidities and the Term Structures of Equity and Bond Returns

FRB of Cleveland Working Paper No. 23-11, https://doi.org/10.26509/frbc-wp-202311
Number of pages: 42 Posted: 11 May 2023
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 7 (927,695)

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Structural term structure modeling, Equity and bond yields, Habit formation, Nominal rigidities, Macro-finance separation

14.

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

NBER Working Paper No. w29794
Number of pages: 60 Posted: 28 Feb 2022 Last Revised: 29 May 2023
Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigin and Elena Pastorino
Stanford University, Federal Reserve Banks - Federal Reserve Bank of Cleveland, New York University (NYU) - Department of Economics and Stanford University - Department of Economics
Downloads 6 (936,100)
Citation 8
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