Efrem Castelnuovo

University of Melbourne - Department of Economics

Associate Professor

Melbourne, 3010

Australia

http://https://sites.google.com/site/efremcastelnuovo/home

  • University of Melbourne - Department of Economics

SCHOLARLY PAPERS

41

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147

CROSSREF CITATIONS

259

Scholarly Papers (41)

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1.

Definition of Price Stability, Range and Point Inflation Targets: The Anchoring of Long-Term Inflation Expectations

ECB Working Paper No. 273
Number of pages: 52 Posted: 22 Jan 2004
Efrem Castelnuovo, Sergio Nicoletti Altimari and Diego Rodriguez-Palenzuela
University of Melbourne - Department of Economics, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 697 (36,297)

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inflation expectations, credibility, nominal anchor, definition of price stability, inflation target

2.

Learning by Doing vs Learning by Researching in a Model of Climate Change Policy Analysis

FEEM Working Paper No. 11.2003
Number of pages: 42 Posted: 16 Apr 2003
Marzio Galeotti, Efrem Castelnuovo, Gretel Gambarelli and Sergio Vergalli
University of Milan - Department of Environmental Science and Policy (DESP), University of Melbourne - Department of Economics, World Bank - Environment Department - Climate Change Unit and University of Brescia - Department of Economics
Downloads 331 (91,383)

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Climate Policy, Environmental Modeling, Integrated Assessment, Technical Change

3.

Global Warming, Uncertainty and Endogenous Technical Change: Implications for Kyoto

FEEM Working Paper No. 61.2001
Number of pages: 37 Posted: 11 Oct 2001
Efrem Castelnuovo, Michele Moretto and Sergio Vergalli
University of Melbourne - Department of Economics, University of Padua, Dep of Economics and Management and University of Brescia - Department of Economics
Downloads 274 (112,171)
Citation 1

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Climate change, endogenous technical change, uncertainty

4.

Uncertainty and Monetary Policy in Good and Bad Times

Downloads 223 (138,242)
Citation 25

Uncertainty and Monetary Policy in Good and Bad Times

Bank of Finland Research Discussion Paper No. 8/2017
Number of pages: 67 Posted: 05 May 2017
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Verona - Department of Economics
Downloads 138 (211,749)
Citation 1

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uncertainty shocks, nonlinear Smooth Transition Vector AutoRegressions, Generalized Impulse Response Functions, systematic monetary policy

Uncertainty and Monetary Policy in Good and Bad Times

Melbourne Institute Working Paper No. 9/17
Number of pages: 66 Posted: 23 Mar 2017
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Verona - Department of Economics
Downloads 85 (299,524)
Citation 35

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Uncertainty shocks, nonlinear Smooth Transition Vector AutoRegressions, Generalized Impulse Response Functions, systematic monetary policy

Uncertainty and Monetary Policy in Good and Bad Times

CESifo Working Paper Series No. 6630
Posted: 20 Sep 2017
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Verona - Department of Economics

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uncertainty shocks, nonlinear Smooth Transition Vector AutoRegressions, Generalized Impulse Response Functions, systematic monetary policy

5.

The Price Puzzle: Fact or Artefact?

Bank of England Working Paper No. 288
Number of pages: 51 Posted: 26 Jan 2006
Efrem Castelnuovo and Paolo Surico
University of Melbourne - Department of Economics and London Business School - Department of Economics
Downloads 216 (142,553)
Citation 21

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Price Puzzle, DSGE model, Taylor principle, indeterminacy, SVARs

6.

What Does Monetary Policy Reveal About Central Bank's Preferences?

FEEM Working Paper No. 2.2002
Number of pages: 28 Posted: 07 Feb 2002
Paolo Surico and Efrem Castelnuovo
London Business School - Department of Economics and University of Melbourne - Department of Economics
Downloads 215 (143,145)

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Central bank's preferences, calibration, inflation targeting, optimal monetary policy

7.

Economic Policy Uncertainty Spillovers in Booms and Busts

Downloads 210 (146,369)
Citation 9

Economic Policy Uncertainty Spillovers in Booms and Busts

Melbourne Institute Working Paper No. 13/17
Number of pages: 57 Posted: 24 May 2017
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Padua - Department of Economics and Management
Downloads 179 (169,591)
Citation 8

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Economic policy uncertainty shocks, spillover effects, unemployment dynamics, Smooth Transition Vector AutoRegressions, recessions

Economic Policy Uncertainty Spillovers in Booms and Busts

CESifo Working Paper Series No. 7086
Number of pages: 57 Posted: 22 Jul 2018
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Padua - Department of Economics and Management
Downloads 19 (551,829)

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economic policy uncertainty shocks, spillover effects, unemployment dynamics, smooth transition vector autoregressions, recessions

Economic Policy Uncertainty Spillovers in Booms and Busts

CAMA Working Paper No. 27/2018
Number of pages: 58 Posted: 08 Jun 2018
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Padua - Department of Economics and Management
Downloads 12 (598,859)
Citation 3

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Economic Policy Uncertainty Shocks, Spillover Effects, Unemployment Dynamics, Smooth Transition Vector Autoregressions, Recessions.

8.

Stock Market Conditions and Monetary Policy in an DSGE Model for the US

Bank of Finland Research Discussion Paper No. 11/2010
Number of pages: 68 Posted: 06 May 2010
Efrem Castelnuovo and Salvatore Nistico
University of Melbourne - Department of Economics and affiliation not provided to SSRN
Downloads 208 (147,667)
Citation 6

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stock prices, monetary policy, Bayesian estimation, wealth effects

9.

Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed

Downloads 202 (151,831)
Citation 13

Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed

FEEM Working Paper No. 89.2001
Number of pages: 39 Posted: 12 Dec 2001
Paolo Surico and Efrem Castelnuovo
London Business School - Department of Economics and University of Melbourne - Department of Economics
Downloads 191 (159,858)

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Model uncertainty, interest rate smoothing, Fed policy preferences, optimal monetary policy

Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed

Scottish Journal of Political Economy, Vol. 51, pp. 105-126, February 2004
Number of pages: 22 Posted: 03 Apr 2004
Efrem Castelnuovo and Paolo Surico
University of Melbourne - Department of Economics and London Business School - Department of Economics
Downloads 11 (605,838)
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10.

Describing the Fed's Conduct with Taylor Rules: Is Interest Rate Smoothing Important?

ECB Working Paper No. 232
Number of pages: 50 Posted: 19 Jun 2003
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 194 (157,734)

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Taylor rules, omitted variables, serial correlation, interest rate smoothing

11.

Emission Trading Restrictions with Endogenous Technological Change

FEEM Working Paper No. 43.00
Number of pages: 18 Posted: 25 Sep 2000
Paolo Buonanno, Carlo Carraro, Efrem Castelnuovo and Marzio Galeotti
Fondazione Eni Enrico Mattei (FEEM), Milan, Fondazione Eni Enrico Mattei (FEEM), University of Melbourne - Department of Economics and University of Milan - Department of Environmental Science and Policy (DESP)
Downloads 182 (167,052)
Citation 6

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Climate policy, environmental modelling, integrated

12.

Monetary Policy, Inflation Expectations and the Price Puzzle

Downloads 163 (183,907)
Citation 14

Monetary Policy, Inflation Expectations and the Price Puzzle

Bank of Finland Research Discussion Paper No. 30/2009
Number of pages: 38 Posted: 28 Nov 2009
Efrem Castelnuovo and Paolo Surico
University of Melbourne - Department of Economics and London Business School - Department of Economics
Downloads 161 (186,074)
Citation 15

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SVARs, price puzzle, sticky price model, Taylor principle, passive policy

Monetary Policy, Inflation Expectations and the Price Puzzle

The Economic Journal, Vol. 120, Issue 549, pp. 1262-1283, December 2010
Number of pages: 22 Posted: 17 Nov 2010
Efrem Castelnuovo and Paolo Surico
University of Melbourne - Department of Economics and London Business School - Department of Economics
Downloads 2 (676,363)
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13.

Estimating Regime-Switching Taylor Rules with Trend Inflation

Bank of Finland Research Discussion Paper No. 20/2008
Number of pages: 43 Posted: 16 Sep 2008
Efrem Castelnuovo, Luciano G. Greco and Davide Raggi
University of Melbourne - Department of Economics, University of Padua - Department of Economics and University of Bologna - Department of Economics
Downloads 141 (207,532)
Citation 8

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active and passive Taylor rules, trend inflation, inflation gap persistence, Markov-switching models

14.

Monetary Policy Switch, the Taylor Curve, and the Great Moderation

Number of pages: 29 Posted: 02 Feb 2006
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 112 (247,339)
Citation 1

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Taylor principle, Taylor curve, new Keynesian model, indeterminacy, persistence

15.

Google It Up! A Google Trends-Based Uncertainty Index for the United States and Australia

Downloads 94 (278,674)
Citation 6

Google It Up! A Google Trends-Based Uncertainty Index for the United States and Australia

Melbourne Institute Working Paper No. 27/17
Number of pages: 25 Posted: 10 Oct 2017
Efrem Castelnuovo and Trung Duc Tran
University of Melbourne - Department of Economics and University of Melbourne - Department of Economics
Downloads 63 (356,068)
Citation 4

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Google Trends Uncertainty indices, uncertainty shocks, unemployment dynamics, VAR analysis

Google it Up! A Google Trends-Based Uncertainty Index for the United States and Australia

CESifo Working Paper Series No. 6695
Number of pages: 24 Posted: 21 Nov 2017
Efrem Castelnuovo and Trung Duc Tran
University of Melbourne - Department of Economics and University of Melbourne - Department of Economics
Downloads 31 (479,160)

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Google Trends Uncertainty Indices, Uncertainty Shocks, Unemployment Dynamics, VAR Analysis

16.

Yield Curve and Financial Uncertainty: Evidence Based on Us Data

Downloads 84 (299,067)
Citation 1

Yield Curve and Financial Uncertainty: Evidence Based on Us Data

CESifo Working Paper No. 7697
Number of pages: 23 Posted: 10 Jul 2019 Last Revised: 23 Jul 2019
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 69 (338,981)

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financial uncertainty shocks, yield curve, local projections, inflation dynamics, output growth

Yield Curve and Financial Uncertainty: Evidence Based on US Data

CAMA Working Paper No. 38/2019
Number of pages: 21 Posted: 14 Jun 2019
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 15 (578,030)
Citation 1

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financial uncertainty shocks, yield curve, local projections, inflation dynamics, output growth

17.

Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

Downloads 84 (299,067)
Citation 17

Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

Melbourne Institute Working Paper No. 2/17
Number of pages: 19 Posted: 17 Jan 2017
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Padua - Department of Economics and Management
Downloads 65 (350,182)
Citation 1

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Economic policy uncertainty shocks, unemployment dynamics, Smooth Transition Vector AutoRegressions, recessions, expansions

Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

CESifo Working Paper Series No. 7105
Number of pages: 20 Posted: 09 Aug 2018
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Padua - Department of Economics and Management
Downloads 19 (551,829)
Citation 6

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economic policy uncertainty shocks, unemployment dynamics, Smooth Transition Vector AutoRegressions, recessions, expansions

18.

Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound

Downloads 83 (301,348)
Citation 28

Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound

Bank of Finland Research Discussion Paper No. 6/2017
Number of pages: 57 Posted: 07 Feb 2017 Last Revised: 13 Dec 2017
Giovanni Caggiano, Efrem Castelnuovo and Giovanni Pellegrino
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 37 (450,757)

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uncertainty shocks, nonlinear structural vector autoregressions, interacted VAR, generalized impulse response functions, zero lower bound

Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound

Melbourne Institute Working Paper No. 1/17
Number of pages: 56 Posted: 17 Jan 2017
Giovanni Caggiano, Efrem Castelnuovo and Giovanni Pellegrino
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 32 (474,086)
Citation 2

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Uncertainty shocks, Nonlinear Structural Vector AutoRegressions, Interacted VAR, Generalized Impulse Response Functions, Zero Lower Bound

Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound

CESifo Working Paper Series No. 6622
Number of pages: 57 Posted: 20 Sep 2017
Giovanni Caggiano, Efrem Castelnuovo and Giovanni Pellegrino
Department of Economics, Monash University, University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 14 (584,990)
Citation 14

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uncertainty shocks, nonlinear structural vector auto regressions, interacted VAR, generalized impulse response functions, zero lower bound

19.

Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model

FEEM Working Paper No. 6.2003
Number of pages: 41 Posted: 27 Feb 2003
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 76 (317,459)
Citation 7

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Central Banker, Interest Rate Smoothing, Rational Expectations, Hybrid Phillips Curve, Hybrid IS Curve

20.

What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

Downloads 75 (319,909)

What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

CESifo Working Paper No. 7366
Number of pages: 25 Posted: 21 Feb 2019
Efrem Castelnuovo and Guay C. Lim
University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 51 (395,211)

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fiscal multipliers, business cycle, fiscal spending taxes, monetary policy

What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

CAMA Working Paper No. 59/2018
Number of pages: 25 Posted: 19 Nov 2018
Efrem Castelnuovo and Guay C. Lim
University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 23 (525,760)

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What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

Australian Economic Review, Vol. 52, Issue 1, pp. 78-93, 2019
Number of pages: 16 Posted: 06 Mar 2019
Efrem Castelnuovo and Guay Lim
University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 1 (690,384)
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21.

Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions

Melbourne Institute Working Paper No. 12/14
Number of pages: 60 Posted: 16 May 2014
Giovanni Caggiano, Efrem Castelnuovo and Nicolas Groshenny
Department of Economics, Monash University, University of Melbourne - Department of Economics and Reserve Bank of New Zealand
Downloads 73 (324,824)
Citation 17

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Uncertainty shocks, unemployment dynamics, Smooth Transition Vector-AutoRegressions, recessions

22.

Estimating Fiscal Multipliers: News from a Nonlinear World

Melbourne Institute Working Paper No. 26/14
Number of pages: 71 Posted: 20 Dec 2014
Giovanni Caggiano, Efrem Castelnuovo, Gabriela Nodari and Valentina Colombo
Department of Economics, Monash University, University of Melbourne - Department of Economics, University of Verona - Department of Economics and University of Padua - Department of Economics and Management
Downloads 69 (335,017)
Citation 5

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Fiscal news, fiscal foresight, fiscal spending multiplier, Smooth Transition Vector-AutoRegressions, extreme events

23.

Liquidity Traps and Large-Scale Financial Crises

Melbourne Institute Working Paper No. 32/16
Number of pages: 61 Posted: 13 Oct 2016
Giovanni Caggiano, Efrem Castelnuovo, Olivier Damette, Antoine Parent and Giovanni Pellegrino
Department of Economics, Monash University, University of Melbourne - Department of Economics, University Paris-Est Créteil (UPEC), Sciences Po Lyon and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 54 (378,859)

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Keynesian Liquidity Trap, Threshold VAR, Monetary and Financial Cliometrics, Great Depression, Great Recession

24.

Testing the Structural Interpretation of the Price Puzzle with a Cost Channel Model

Bank of Finland Research Discussion Paper No. 20/2009
Number of pages: 37 Posted: 27 Nov 2009
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 48 (398,948)
Citation 20

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cost channel, inflation dynamics, price puzzle, trend inflation

25.

Uncertainty-Dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation

Downloads 37 (440,769)
Citation 6

Uncertainty-Dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation

Melbourne Institute Working Paper No. 02/18
Number of pages: 57 Posted: 05 Mar 2018
Efrem Castelnuovo and Giovanni Pellegrino
University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 23 (525,760)
Citation 5

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Monetary policy shocks, uncertainty, Threshold VAR, medium scale DSGE framework, minimum-distance estimation

Uncertainty-Dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation

CESifo Working Paper Series No. 6821
Number of pages: 57 Posted: 22 Feb 2018
Efrem Castelnuovo and Giovanni Pellegrino
University of Melbourne - Department of Economics and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 14 (584,990)

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monetary policy shocks, uncertainty, Threshold VAR, medium scale DSGE framework, minimum-distance estimation

26.

Gimme a Break! Identification and Estimation of the Macroeconomic Effects of Monetary Policy Shocks in the U.S.

Melbourne Institute Working Paper No. 31/16
Number of pages: 45 Posted: 12 Oct 2016
Emanuele Bacchiocchi, Efrem Castelnuovo and Luca Fanelli
Università degli Studi di Milano, University of Melbourne - Department of Economics and Universita di Bologna
Downloads 36 (445,010)
Citation 1

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structural break, recursive and non-recursive VARs, identification, monetary policy shocks, impulse responses

27.

Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from a Robust Test

Melbourne Institute Working Paper No. 18/14
Number of pages: 60 Posted: 09 Aug 2014
Efrem Castelnuovo and Luca Fanelli
University of Melbourne - Department of Economics and Universita di Bologna
Downloads 29 (476,737)
Citation 2

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Confidence set, determinacy, identification failures, indeterminacy, misspecification, new-Keynesian business cycle model, VAR system

28.

Policy Rules, Regime Switches, and Trend Inflation: An Empirical Investigation for the U.S.

Number of pages: 35 Posted: 23 Sep 2010
Efrem Castelnuovo, Luciano G. Greco and Davide Raggi
University of Melbourne - Department of Economics, University of Padua - Department of Economics and University of Bologna - Department of Economics
Downloads 29 (476,737)
Citation 4

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Policy switches, heteroskedasticity, trend inflation, inflation gap persistence, Markov-Switching models

29.

Risk Management-Driven Policy Rate Gap

Downloads 27 (487,125)
Citation 2

Risk Management-Driven Policy Rate Gap

Melbourne Institute Working Paper No. 10/18
Number of pages: 17 Posted: 08 Aug 2018 Last Revised: 05 Dec 2018
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and Reserve Bank of Australia
Downloads 11 (605,838)

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Risk management-driven policy rate gap, uncertainty, monetary policy, Taylor rules, real-time data

Risk Management-Driven Policy Rate Gap

CESifo Working Paper Series No. 7177
Number of pages: 16 Posted: 01 Oct 2018
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and Reserve Bank of Australia
Downloads 9 (619,950)

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risk management-driven policy rate gap, uncertainty, monetary policy, Taylor rules, real-time data

Risk Management-Driven Policy Rate Gap

CAMA Working Paper No. 34/2018
Number of pages: 16 Posted: 26 Jul 2018
Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics and Reserve Bank of Australia
Downloads 7 (634,224)

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Risk management-driven policy rate gap, uncertainty, monetary policy, Taylor rules, real-time data

30.

Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

Downloads 22 (515,263)
Citation 1

Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

FRB of Philadelphia Working Paper No. 17-16
Number of pages: 34 Posted: 28 Jun 2017
Jonas E Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo
Board of Governors of the Federal Reserve System, University of Pavia, Bank of Italy and University of Melbourne - Department of Economics
Downloads 13 (591,840)

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trend inflation, determinacy, monetary policy

Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

CESifo Working Paper Series No. 7122
Number of pages: 35 Posted: 24 Aug 2018
Jonas E Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo
Board of Governors of the Federal Reserve System, University of Pavia, Bank of Italy and University of Melbourne - Department of Economics
Downloads 9 (619,950)
Citation 1

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trend inflation, determinacy, monetary policy

31.

What Does Monetary Policy Reveal About a Central Bank's Preferences?

Economic Notes, Vol. 32, pp. 335-359, November 2003
Number of pages: 25 Posted: 26 Nov 2003
Efrem Castelnuovo and Paolo Surico
University of Melbourne - Department of Economics and London Business School - Department of Economics
Downloads 22 (515,263)
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32.

Taylor Rules and Interest Rate Smoothing in the Euro Area

Manchester School, Vol. 75, No. 1, pp. 1-16, January 2007
Number of pages: 16 Posted: 03 Jan 2007
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 21 (521,135)
Citation 1
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33.

Liquidity Traps and Large-Scale Financial Crisis

CESifo Working Paper Series No. 7096
Number of pages: 57 Posted: 24 Jul 2018
Giovanni Caggiano, Efrem Castelnuovo, Olivier Damette, Antoine Parent and Giovanni Pellegrino
Department of Economics, Monash University, University of Melbourne - Department of Economics, University Paris-Est Créteil (UPEC), Sciences Po Lyon and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 20 (527,004)

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Keynesian liquidity trap, Threshold-VAR, monetary and financial cliometrics, Great Depression, Great Recession

34.

Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

Melbourne Institute Working Paper No. 9/18
Number of pages: 35 Posted: 06 Jul 2018
Jonas E Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo
Board of Governors of the Federal Reserve System, University of Pavia, Bank of Italy and University of Melbourne - Department of Economics
Downloads 16 (550,550)
Citation 1

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trend inflation, determinacy, monetary policy

35.

Modest Macroeconomic Effects of Monetary Policy Shocks During the Great Moderation: An Alternative Interpretation

Melbourne Institute Working Paper No. 30/16
Number of pages: 35 Posted: 12 Oct 2016
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 16 (550,550)

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Monetary policy shocks, Cholesky identification, VARs, Dynamic Stochastic General Equilibrium models, Monte Carlo simulations

36.

Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment

FRB International Finance Discussion Paper No. 1127
Number of pages: 23 Posted: 31 May 2017
Jonas Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo
Federal Reserve Bank of Philadelphia, University of Pavia, Bank of Italy and University of Melbourne - Department of Economics
Downloads 12 (575,218)

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Trend inflation, determinacy, and monetary policy

37.

Domestic and Global Uncertainty: A Survey and Some New Results

CAMA Working Paper No. 75/2019
Number of pages: 46 Posted: 10 Oct 2019
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 1 (657,138)

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uncertainty, uncertainty shocks, spillovers, global financial uncertainty, world business cycle

38.

Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?

Australian Economic Review, Vol. 51, Issue 1, pp. 70-86, 2018
Number of pages: 17 Posted: 02 Mar 2018
Efrem Castelnuovo, Guay Lim and Giovanni Pellegrino
University of Melbourne - Department of Economics, University of Melbourne - Melbourne Institute of Applied Economic and Social Research and University of Melbourne - Melbourne Institute of Applied Economic and Social Research
Downloads 1 (657,138)
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39.

Estimating Fiscal Multipliers: News from a Non‐Linear World

The Economic Journal, Vol. 125, Issue 584, pp. 746-776, 2015
Number of pages: 31 Posted: 27 May 2015
Giovanni Caggiano, Efrem Castelnuovo, Valentina Colombo and Gabriela Nodari
Department of Economics, Monash University, University of Melbourne - Department of Economics, University of Padua - Department of Economics and Management and University of Verona - Department of Economics
Downloads 1 (657,138)
Citation 4
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40.

Testing the Structural Interpretation of the Price Puzzle with a Cost‐Channel Model

Oxford Bulletin of Economics and Statistics, Vol. 74, Issue 3, pp. 425-452, 2012
Number of pages: 28 Posted: 03 May 2012
Efrem Castelnuovo
University of Melbourne - Department of Economics
Downloads 1 (657,138)
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41.

What Does a Monetary Policy Shock Do? An International Analysis with Multiple Filters

Oxford Bulletin of Economics and Statistics, Vol. 75, Issue 5, pp. 759-784, 2013
Number of pages: 26 Posted: 17 Aug 2013
Efrem Castelnuovo
University of Melbourne - Department of Economics
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