Luca Guerrieri

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

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SCHOLARLY PAPERS

31

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504

CROSSREF CITATIONS

226

Scholarly Papers (31)

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1.

Preventing Deflation: Lessons from Japan's Experience in the 1990s

Number of pages: 64 Posted: 21 Jul 2003
Alan G. Ahearne, Joseph Gagnon, Jane Haltmaier, Steven B. Kamin, Christopher J. Erceg, Jon Faust, Luca Guerrieri, Jennifer E. Roush, John H. Rogers, Nathan Sheets and Jonathan H. Wright
University of Galway - Department of Economics, Peterson Institute, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Fudan University - Fanhai International School of Finance (FISF), Board of Governors of the Federal Reserve System and Johns Hopkins University - Department of Economics
Downloads 1,906 (14,092)
Citation 33

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Monetary policy, Taylor rule, fiscal policy

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 558 (79,986)
Citation 97

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SDGE model, open-economy macroeconomics

3.

Can Macro Variables Used in Stress Testing Forecast the Performance of Banks?

FEDS Working Paper No. 2012-49
Number of pages: 30 Posted: 22 Dec 2012
Luca Guerrieri and Michelle Welch
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 294 (166,647)
Citation 1

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Forecast combinations, macro variables, banking conditions, stress test

4.

Oil Shocks and External Adjustment

FRB International Finance Discussion Paper No. 897
Number of pages: 56 Posted: 26 Jul 2007
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 203 (239,330)
Citation 39

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Oil-price shocks, trade, DSGE models

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 201 (241,462)
Citation 32

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DGE model, open-economy macroeconomics

6.

Collateral Constraints and Macroeconomic Asymmetries

Downloads 188 (256,446)
Citation 72

Collateral Constraints and Macroeconomic Asymmetries

National Bank of Poland Working Paper No. 202
Number of pages: 63 Posted: 22 Aug 2015 Last Revised: 09 Jul 2016
Luca Guerrieri and Matteo Iacoviello
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 159 (296,667)
Citation 58

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Housing; Collateral Constraints; Occasionally Binding Constraints; Nonlinear Estimation of DSGE Models; Great Recession

Collateral Constraints and Macroeconomic Asymmetries

International Finance Discussion Paper No. 1082
Number of pages: 53 Posted: 30 May 2017
Luca Guerrieri and Matteo Iacoviello
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 29 (765,950)

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7.

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 151 (309,382)
Citation 43

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Technology shocks, vector autoregressions, real business cycle models

8.

Macroeconomic Effects of Banking Sector Losses Across Structural Models

Downloads 139 (330,581)
Citation 3

Macroeconomic Effects of Banking Sector Losses Across Structural Models

FEDS Working Paper No. 2015-44
Posted: 09 Jul 2021
Francisco Covas, John C. Driscoll, Luca Guerrieri, Matteo Iacoviello, Mohammad Jahan-Parvar, Michael T. Kiley, Albert Queralto and Jae Sim
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, affiliation not provided to SSRN, affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Macroeconomic Effects of Banking Sector Losses Across Structural Models

BIS Working Paper No. 507
Number of pages: 53 Posted: 03 Aug 2015
Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad R. Jahan-Parvar, Michael T. Kiley, Albert Queralto and Jae Sim
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, 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 102 (417,315)

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Banks, DSGE Models, Capital Requirements, Bank Losses

Macroeconomic Effects of Banking Sector Losses Across Structural Models

FEDS Working Paper No. 2015-044, FEDS Working Paper No. 2015-44
Number of pages: 52 Posted: 10 Jul 2015
Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Michael T. Kiley, Mohammad R. Jahan-Parvar, Albert Queralto and Jae Sim
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, 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 37 (706,499)
Citation 3

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Bank losses, Banks, Capital requirements, DSGE models

9.

Investment-Specific and Multifactor Productivity in Multi-Sector Open Economies: Data and Analysis

Number of pages: 34 Posted: 04 Apr 2005
Luca Guerrieri, Dale W. Henderson and Jinill Kim
Board of Governors of the Federal Reserve System, Federal Reserve Board and Korea University
Downloads 107 (400,907)
Citation 6

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Technology shocks, technical change, dynamic general equilibrium, learning, Harrod-Balassa-Samuelson Effect, nontraded goods

10.

The Inflation Persistence of Staggered Contracts

Number of pages: 36 Posted: 01 May 2003
Luca Guerrieri
Board of Governors of the Federal Reserve System
Downloads 91 (446,812)
Citation 7

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maximum likelihood, Phillips curve

11.

Macroeconomic Policy Games

FEDS Working Paper No. 2014-87
Number of pages: 58 Posted: 16 Nov 2014
Martin Bodenstein, Luca Guerrieri and Joe LaBriola
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of California, Berkeley
Downloads 88 (456,182)
Citation 8

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Optimal policy, strategic interaction, welfare analysis, monetary policy cooperation, marcroprudential regulation

12.

Trade Adjustment and the Composition of Trade

International Finance Discussion Paper No. 859
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 84 (469,384)
Citation 10

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SDGE model, open-economy macroeconomics

13.

Inflation Dynamics

Number of pages: 28 Posted: 04 Mar 2002
Luca Guerrieri
Board of Governors of the Federal Reserve System
Downloads 82 (476,266)
Citation 1

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Phillips Curve, Staggered Contracts, Monte Carlo

14.

OccBin: A Toolkit for Solving Dynamic Models with Occasionally Binding Constraints Easily

FEDS Working Paper No. 2014-47
Number of pages: 50 Posted: 16 Jul 2014
Luca Guerrieri and Matteo Iacoviello
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 80 (483,226)
Citation 133

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Occasionally binding constraints, DSGE models, regime shifts, first-order perturbation

15.

The Effects of Foreign Shocks When Interest Rates are at Zero

Downloads 80 (483,226)
Citation 16

The Effects of Foreign Shocks When Interest Rates are at Zero

FRB International Finance Discussion Paper No. 983r
Number of pages: 35 Posted: 17 Nov 2009
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 76 (503,423)
Citation 1

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Zero lower bound, spillover effects, DSGE models

The Effects of Foreign Shocks When Interest Rates are at Zero

CEPR Discussion Paper No. DP8006
Number of pages: 55 Posted: 14 Nov 2010
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 4 (993,320)
Citation 2
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DSGE models, spillover effects, zero lower bound

16.

The Information Content of Stress Test Announcements

Downloads 78 (490,388)
Citation 2

The Information Content of Stress Test Announcements

Number of pages: 44 Posted: 21 Nov 2022
Luca Guerrieri and Michele Modugno
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 48 (636,719)

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Stress tests, event study, bank stock prices, credit default swaps

The Information Content of Stress Test Announcements

FEDS Working Paper No. 2021-012
Number of pages: 20 Posted: 14 Jun 2021 Last Revised: 30 Jun 2021
Luca Guerrieri and Michele Modugno
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 30 (758,030)
Citation 2

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17.

Did Easy Money in the Dollar Bloc Fuel the Global Commodity Boom?

FRB International Finance Discussion Paper No. 979
Number of pages: 43 Posted: 01 Nov 2009
Christopher J. Erceg, Luca Guerrieri and Steven B. Kamin
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 73 (508,972)
Citation 2

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oil prices, SDGE models, monetary policy

18.

Social Distancing and Supply Disruptions in a Pandemic

FEDS Working Paper No. 2020-31
Number of pages: 52 Posted: 18 May 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, University of Cambridge and Board of Governors of the Federal Reserve System
Downloads 66 (537,314)
Citation 2

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Infectious disease; Epidemic; Recession; COVID-19

19.

What Drives Bank Peformance?

FEDS Working Paper No. 2021-9
Number of pages: 11 Posted: 14 Jun 2021 Last Revised: 25 Apr 2022
Luca Guerrieri and James Harkrader
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 64 (545,882)

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pre-provision net revenues, Backcasting, Banking factors, Charge-offs, Macroeconomic factors, Principal components

20.

Optimal Monetary Policy with Distinct Core and Headline Inflation Rates

FRB International Finance Discussion No. 941
Number of pages: 48 Posted: 01 Nov 2008
Martin Bodenstein, Christopher J. Erceg and Luca Guerrieri
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 57 (577,541)
Citation 15

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Energy-price shocks, monetary policy tradeoffs, DSGE models

21.

Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules

FEDS Working Paper No. 2020-56
Number of pages: 44 Posted: 21 Aug 2020 Last Revised: 25 Apr 2022
Matthew B. Canzoneri, Behzad Diba, Luca Guerrieri and Arsenii Mishin
Georgetown University, Georgetown University - Department of Economics, Board of Governors of the Federal Reserve System and National Research University Higher School of Economics - Faculty of Economics
Downloads 51 (607,406)
Citation 1

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counter-cyclical capital buffer, DSGE models, Bank capital requirements, Ramsey policy

22.

The Elusive Gains from Nationally-Oriented Monetary Policy

Downloads 43 (651,373)
Citation 1

The Elusive Gains from Nationally-Oriented Monetary Policy

International Finance Discussion Paper No. 1271
Number of pages: 61 Posted: 15 Jun 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, University of Cambridge and Board of Governors of the Federal Reserve System
Downloads 31 (750,317)
Citation 1

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The Elusive Gains from Nationally Oriented Monetary Policy

Robert Schuman Centre for Advanced Studies Research Paper No. RSC 25, 2023
Number of pages: 100 Posted: 13 Mar 2023
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 10 (938,072)

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Monetary policy cooperation, global imbalances. open-loop Nash games

The Elusive Gains from Nationally-Oriented Monetary Policy

CEPR Discussion Paper No. DP14359
Number of pages: 62 Posted: 11 Feb 2020
Giancarlo Corsetti, Martin Bodenstein and Luca Guerrieri
University of Cambridge, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (1,009,577)
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global imbalances, monetary policy cooperation, open-loop Nash games

23.

Likelihood Evaluation of Models with Occasionally Binding Constraints

FEDS Working Paper No. 2019-28
Number of pages: 40 Posted: 22 Apr 2019
Pablo Cuba-Borda, Luca Guerrieri, Matteo Iacoviello and Molin Zhong
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 43 (651,373)
Citation 12

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24.

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 43 (651,373)
Citation 11

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Oil Shocks, zero lower bound, DSGE models

25.

Interpreting Shocks to the Relative Price of Investment with a Two-Sector Model

FEDS Working Paper No. 2016-7
Number of pages: 40 Posted: 09 Feb 2016
Luca Guerrieri, Dale W. Henderson and Jinill Kim
Board of Governors of the Federal Reserve System, Federal Reserve Board and Korea University
Downloads 37 (688,076)
Citation 1

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DSGE Models, Long-Run Restrictions, multisector models, vector autoregressions

26.

Banks, Sovereign Debt and the International Transmission of Business Cycles

Downloads 28 (750,557)
Citation 19

Banks, Sovereign Debt and the International Transmission of Business Cycles

International Finance Discussion Paper No. 1067
Number of pages: 38 Posted: 30 May 2017
Luca Guerrieri, Matteo Iacoviello and Raoul Minetti
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Michigan State University - Department of Economics
Downloads 15 (889,483)
Citation 1

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Banks, Sovereign Debt and the International Transmission of Business Cycles

NBER Working Paper No. w18303
Number of pages: 38 Posted: 18 Aug 2012 Last Revised: 05 Jan 2023
Luca Guerrieri, Matteo Iacoviello and Raoul Minetti
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Michigan State University - Department of Economics
Downloads 13 (908,816)
Citation 7

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27.

Investment-Specific and Multi-Factor Productivity in Multi-Sector Open Economies: Data and Analysis

Seoul Journal of Economics 2017, Vol. 30, No. 3
Number of pages: 40 Posted: 31 Aug 2017
Luca Guerrieri, Dale W. Henderson and Jinill Kim
Board of Governors of the Federal Reserve System, Federal Reserve Board and Korea University
Downloads 27 (758,130)

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Technological shocks, Technical change, Dynamic, General Equilibrium, Learning, Harrod–Balassa–Samuelson Effect, Nontraded goods

28.

Monetary Policy Responses to Oil Price Fluctuations

CEPR Discussion Paper No. DP8928
Number of pages: 52 Posted: 04 Apr 2012
Martin Bodenstein, Luca Guerrieri and Lutz Kilian
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 6 (939,358)
Citation 8
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endogeneity, global economy, monetary policy, oil price, open economy, policy rule, welfare

29.

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 (968,975)
Citation 9
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inflation, New Keynesian Phillips curve, variable markups

30.

Social Distancing and Supply Disruptions in a Pandemic

CEPR Discussion Paper No. DP14629
Number of pages: 58 Posted: 08 May 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, University of Cambridge and Board of Governors of the Federal Reserve System
Downloads 1 (976,037)
Citation 19
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COVID-19, Epidemic, Infectious disease, Recession

31.

Interpreting Investment-Specific Technology Shocks

International Finance Discussion Paper No. 1000
Posted: 26 Jul 2010
Luca Guerrieri, Dale W. Henderson and Jinill Kim
Board of Governors of the Federal Reserve System, Federal Reserve Board and Korea University

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DSGE Models, Multi-Factor Productivity Shocks, Investment-Specific