Christopher Gust

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

24

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SSRN CITATIONS
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244

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354

Scholarly Papers (24)

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1.

Monetary Policy in a Financial Crisis

Downloads 695 ( 45,138)
Citation 52

Monetary Policy in a Financial Crisis

FRB of Chicago Working Paper No. 2002-05, FRB of Cleveland Working Paper No. 02-04
Number of pages: 75 Posted: 12 Sep 2002 Last Revised: 18 Nov 2007
Lawrence J. Christiano, Christopher Gust and Jorge E. Roldos
Northwestern University, Board of Governors of the Federal Reserve System and International Monetary Fund (IMF)
Downloads 660 (47,724)
Citation 1

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financial crisis, exchange rates, collateral constraints

Monetary Policy in a Financial Crisis

NBER Working Paper No. w9005
Number of pages: 69 Posted: 13 Jun 2002 Last Revised: 08 Feb 2021
Lawrence J. Christiano, Christopher Gust and Jorge E. Roldos
Northwestern University, Board of Governors of the Federal Reserve System and International Monetary Fund (IMF)
Downloads 35 (543,151)
Citation 1

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2.

Sigma: A New Open Economy Model for Policy Analysis

IFDP Discussion Paper No. 835, IFDP Discussion Paper No. 835
Number of pages: 53 Posted: 17 Aug 2005
Christopher J. Erceg, Luca Guerrieri and Christopher Gust
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 478 (72,615)
Citation 97

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SDGE model, open-economy macroeconomics

3.

International Comparisons of Productivity Growth: The Role of Information Technology and Regulatory Practices

Number of pages: 49 Posted: 10 Jun 2002
Christopher Gust and Jaime Marquez
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 315 (117,278)
Citation 27

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4.

Are Depreciations as Contractionary as Devaluations? A Comparison of Selected Emerging and Industrial Economies

Number of pages: 46 Posted: 22 Jan 2003
Shaghil Ahmed, Christopher Gust, Steven B. Kamin and Jonathan Huntley
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 Northwestern University - Department of Economics
Downloads 191 (192,160)
Citation 8

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contractionary devaluations, exchange rate regimes

5.

Expansionary Fiscal Shocks and the Trade Deficit

Number of pages: 50 Posted: 05 Feb 2005
Christopher J. Erceg, Luca Guerrieri and Christopher Gust
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 184 (198,628)
Citation 25

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DGE model, open-economy macroeconomics

6.

Can Long-Run Restrictions Identify Technology Shocks?

Number of pages: 56 Posted: 17 Feb 2004
Christopher J. Erceg, Luca Guerrieri and Christopher Gust
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 138 (252,759)
Citation 43

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Technology shocks, vector autoregressions, real business cycle models

7.

The Empirical Implications of the Interest-Rate Lower Bound

Downloads 136 (255,696)
Citation 97

The Empirical Implications of the Interest-Rate Lower Bound

FEDS Working Paper No. 2012-83
Number of pages: 76 Posted: 08 Jan 2013
Christopher Gust, Edward Herbst, David Lopez-Salido and Matthew E. Smith
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 Hutchin Hill Capital
Downloads 132 (262,525)
Citation 29

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Zero lower bound, DSGE model, Bayesian estimation

The Empirical Implications of the Interest-Rate Lower Bound

CEPR Discussion Paper No. DP9214
Number of pages: 59 Posted: 01 Feb 2013
Christopher Gust, David Lopez-Salido and Matthew E. Smith
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Hutchin Hill Capital
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Citation 48
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Bayesian estimation, DSGE model, zero lower bound

8.

The Adjustment of Global External Imbalances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter?

FRB International Finance Discussion Paper No. 850r
Number of pages: 45 Posted: 24 Jan 2006
Christopher Gust and Nathan Sheets
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 115 (289,295)
Citation 10

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Import prices, Export prices, Trade balance, Marshall-Lerner condition, DGE model

9.

Trade Integration, Competition, and the Decline in Exchange-Rate Pass-Through

FRB International Finance Discussion Paper No. 864
Number of pages: 51 Posted: 31 Aug 2006
Christopher Gust, Sylvain Leduc and Robert J. Vigfusson
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Board of Governors of the Federal Reserve System
Downloads 103 (312,197)
Citation 37

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Pass-through, trade integration, strategic complementarity

10.

Trade Adjustment and the Composition of Trade

Number of pages: 47 Posted: 19 May 2006
Christopher J. Erceg, Luca Guerrieri and Christopher Gust
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 71 (391,050)
Citation 8

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SDGE model, open-economy macroeconomics

11.

Portfolio Inertia and the Equity Premium

FRB International Finance Discussion Paper No. 984
Number of pages: 41 Posted: 17 Nov 2009
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 59 (430,034)
Citation 1

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Limited financial market participation, infrequent portfolio adjustment, equity premium

12.

The Transmission of Domestic Shocks in the Open Economy

Downloads 58 (433,592)

The Transmission of Domestic Shocks in the Open Economy

FRB International Finance Discussion Paper No. 906
Number of pages: 76 Posted: 09 Dec 2007
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
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 42 (507,438)

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Open economy Phillips Curve, Variable markups, Imported intermediate inputs

The Transmission of Domestic Shocks in the Open Economy

NBER Working Paper No. w13613
Number of pages: 71 Posted: 27 Nov 2007 Last Revised: 14 Mar 2021
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
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 16 (672,227)

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13.

Monetary Policy and the Cyclicality of Risk

Downloads 57 (437,244)
Citation 3

Monetary Policy and the Cyclicality of Risk

Number of pages: 38 Posted: 24 Jul 2010
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 53 (459,396)

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limited financial market participation, equity premium, inflation targeting

Monetary Policy and the Cyclicality of Risk

CEPR Discussion Paper No. DP7727
Number of pages: 31 Posted: 17 Mar 2010
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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countercyclical equity premium, monetary policy, portfolio inertia, segmented markets

14.

Forward Guidance with Bayesian Learning and Estimation

FEDS Working Paper No. 2018-072
Number of pages: 43 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Christopher Gust, Edward Herbst and David Lopez-Salido
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 49 (467,610)
Citation 4

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Bayesian estimation, Bayesian learning, forward guidance

15.

Monetary Policy, Incomplete Information, and the Zero Lower Bound

FEDS Working Paper No. 2015-99
Number of pages: 41 Posted: 06 Nov 2015
Christopher Gust, Benjamin K. Johannsen and David Lopez-Salido
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 34 (535,749)

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16.

The Expectations Trap Hypothesis

Number of pages: 42 Posted: 26 Jul 2000
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 32 (546,257)
Citation 1

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17.

Entry Dynamics and the Decline in Exchange-Rate Pass-Through

FRB International Finance Discussion Paper No. 1008
Number of pages: 39 Posted: 14 Nov 2010
Christopher Gust, Sylvain Leduc and Robert J. Vigfusson
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Board of Governors of the Federal Reserve System
Downloads 30 (557,175)
Citation 5

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Pass-through, trade integration, strategic complementarity, intensive margin

18.

Oil Shocks and the Zero Bound on Nominal Interest Rates

FRB International Finance Discussion Paper No. 1009
Number of pages: 52 Posted: 14 Nov 2010
Martin Bodenstein, Luca Guerrieri and Christopher Gust
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 30 (557,175)
Citation 9

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Oil Shocks, zero lower bound, DSGE models

19.

The Power of Long-Run Structural VARs

FRB International Finance Discussion Paper No. 978
Number of pages: 38 Posted: 30 Sep 2009
Christopher Gust and Robert J. Vigfusson
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 29 (562,904)
Citation 1

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Vector autoregression, dynamic stochastic general equilibrium model, confidence intervals, impulse responpd functions, identifications, long run restrictions, specification error, sampling

20.

Taylor Rules in a Limited Participation Model

NBER Working Paper No. w7017
Number of pages: 28 Posted: 08 Jun 1999 Last Revised: 06 Mar 2021
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 29 (562,904)

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21.

Short-term Planning, Monetary Policy, and Macroeconomic Persistence

Downloads 21 (614,091)
Citation 2

Short-term Planning, Monetary Policy, and Macroeconomic Persistence

FEDS Working Paper No. 2020-003 https://doi.org/10.17016/FEDS.2020.003
Number of pages: 46 Posted: 14 May 2020
Christopher Gust, Edward Herbst and David Lopez-Salido
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 21 (634,104)
Citation 2

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Finite-horizon planning; Learning; Monetary policy; New keynesian model; Bayesian estimation

Short-Term Planning, Monetary Policy, and Macroeconomic Persistence

CEPR Discussion Paper No. DP16141
Number of pages: 57 Posted: 14 May 2021
Christopher Gust, Edward Herbst and David Lopez-Salido
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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22.

The Transmission of Domestic Shocks in Open Economies

CEPR Discussion Paper No. DP6574
Number of pages: 73 Posted: 06 Jun 2008
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
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 3 (748,287)
Citation 4
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imported intermediate inputs, open economy Phillips Curve, variable markups

23.

International Competition and Inflation: A New Keynesian Perspective

CEPR Discussion Paper No. DP7561
Number of pages: 46 Posted: 11 Jan 2010
Luca Guerrieri, Christopher Gust and David Lopez-Salido
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 2 (758,034)
Citation 6
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inflation, New Keynesian Phillips curve, variable markups

24.

Monetary Policy, Velocity, and the Equity Premium

CEPR Discussion Paper No. DP7388
Number of pages: 43 Posted: 08 Sep 2009
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (758,034)
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equity premium, monetary policy, velocity