Paolo Gelain

Norges Bank

Senior Economist

P.O. Box 1179

Oslo, N-0107

Norway

SCHOLARLY PAPERS

11

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14

CROSSREF CITATIONS

48

Scholarly Papers (11)

1.

House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy

Forthcoming, International Journal of Central Banking, Norges Bank Working Paper 2012|08
Number of pages: 52 Posted: 02 May 2013 Last Revised: 07 Jul 2016
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Bank of Portugal
Downloads 434 (66,588)
Citation 17

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Asset pricing, Excess volatility, Credit booms, Housing bubbles, Monetary policy, Macroprudential policy

2.

Monetary and Macroprudential Policies in an Estimated Model with Financial Intermediation

National Bank of Belgium Working Paper No. 258
Number of pages: 52 Posted: 10 May 2014
Paolo Gelain and Pelin Ilbas
Norges Bank and National Bank of Belgium - Research Department
Downloads 131 (220,098)
Citation 16

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Monetary policy, financial frictions, macroprudential policy, policy coordination, capital tax/subsidy

House Prices, Expectations, and Time-Varying Fundamentals

Forthcoming in Journal of Empirical Finance, Federal Reserve Bank of San Francisco Working Paper Series, Working Paper 2013-03
Number of pages: 39 Posted: 16 Mar 2013 Last Revised: 07 Jul 2016
Paolo Gelain and Kevin J. Lansing
Norges Bank and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 63 (355,922)
Citation 5

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asset pricing, excess volatility, housing bubbles, predictability, time-varying risk premiums, expected returns

House Prices, Expectations, and Time-Varying Fundamentals

Forthcoming in Journal of Empirical Finance
Number of pages: 39 Posted: 23 May 2013 Last Revised: 18 Jul 2016
Paolo Gelain and Kevin J. Lansing
Norges Bank and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 41 (433,160)
Citation 8

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Asset pricing, Excess volatility, Housing bubbles, Predictability, Time-varying risk premiums, Expected returns

4.

Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach

Norges Bank Working Paper 11 | 2014
Number of pages: 37 Posted: 17 Jul 2015 Last Revised: 10 Feb 2018
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and BI Norwegian Business School - Department of Economics
Downloads 100 (267,488)
Citation 3

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Housing bubbles, Mortgage debt, Borrowing constraints, Lending standards, Macroprudential policy

5.

The External Finance Premium in the Euro Area: A Useful Indicator for Monetary Policy?

ECB Working Paper No. 1171
Number of pages: 57 Posted: 19 Apr 2010
Paolo Gelain
Norges Bank
Downloads 63 (351,237)

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NK DSGE, Euro Area External Finance Premium, Financial Accelerator, Bayesian Estimation, Inflation

6.

Output Gap in Presence of Financial Frictions and Monetary Policy Trade-Offs

IMF Working Paper No. 14/128
Number of pages: 45 Posted: 14 Aug 2014
Norges Bank, Norges Bank and International Monetary Fund (IMF)
Downloads 59 (362,923)

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Economic growth, Business cycles, Monetary policy, Macroprudential Policy, Econometric models, Financial Frictions, Potential output, Optimal Monetary Policy, Output Gap., inflation, monetary economics, wage inflation, central bank, inflation target, price inflation, inflation stabilization, gdp deflator, monetary policy rule, nominal interest rate, monetary policy rules, stable prices, rational expectations, monetary fund, macroeconomic stability, long-term interest rates, nominal rate of return, inflation rate, inflation targeting, money markets, monetary authority, price stability, inflation dynamics, financial stability, monetary policy instrument, central bank monetary policy, real wage

7.

Monetary and Macroprudential Policy with Multiperiod Loans

Number of pages: 34 Posted: 19 Aug 2015
National Bank of Poland, Norges Bank and National Bank of Poland
Downloads 39 (432,395)
Citation 3

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multi-period contracts, general equilibrium models, monetary

8.

Leaning Against the Credit Cycle

Norges Bank Working Paper 4 | 2015
Number of pages: 36 Posted: 04 May 2015
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and BI Norwegian Business School - Department of Economics
Downloads 34 (453,337)
Citation 7

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Monetary policy, credit, long-term debt.

9.

Monetary and Macroprudential Policy with Multi-Period Loans

Norges Bank Working Paper 16 | 2014
Number of pages: 32 Posted: 04 May 2015
National Bank of Poland, Norges Bank and National Bank of Poland
Downloads 27 (486,900)
Citation 6

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multi-period contracts, monetary policy, macroprudential policy

10.

Output Gap, Monetary Policy Trade-Offs and Financial Frictions

Norges Bank Working Paper 8/2017
Number of pages: 56 Posted: 02 May 2017
Norges Bank, Norges Bank and International Monetary Fund (IMF)
Downloads 16 (550,340)

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financial frictions, output gap, monetary policy

11.

Structural Factors, Unemployment and Monetary Policy: The Useful Role of the Natural Rate of Interest

Norges Bank Working Paper 17/2016
Number of pages: 34 Posted: 19 Jan 2017
Francesco Furlanetto and Paolo Gelain
Norges Bank and Norges Bank
Downloads 15 (556,280)

Abstract:

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Optimal Monetary Policy; Taylor Rules; Natural Rate of Interest; Natural Rate of Unemployment; Labor Force Shocks