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Roberto M. Billi

Sveriges Riksbank

Advisor

Brunkebergstorg 11

SE-103 37 Stockholm

Sweden

http://www.rmbilli.com

SCHOLARLY PAPERS

14

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2,047

TOTAL CITATIONS
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Top 2,640

in Total Papers Citations

217

Scholarly Papers (14)

Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates

Number of pages: 55 Posted: 09 Dec 2004
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 293 (256,204)

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Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates

FRB of Kansas City Working Paper No. 05-07
Number of pages: 41 Posted: 24 Jan 2006
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 182 (414,462)
Citation 58

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Nonlinear Optimal Policy, Zero Interest Rate Bound, Commitment, Liquidity Trap, New Keynesian

Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates

Number of pages: 36 Posted: 18 Dec 2003
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 15 (1,559,710)
Citation 49
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Non-linear optimal policy, zero interest rate bound, commitment, liquidity trap, new Keynesian

Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates

Journal of Money Credit and Banking, Forthcoming
Posted: 27 Oct 2005
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank

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Nonlinear optimal policy, zero interest rate bound, commitment, liquidity trap, New Keynesian

2.

Nominal GDP Targeting and the Zero Lower Bound: Should We Abandon Inflation Targeting?

Riksbank Research Paper Series No. 101, Sveriges Riksbank Working Paper Series No. 270
Number of pages: 30 Posted: 15 Aug 2013
Roberto M. Billi
Sveriges Riksbank
Downloads 244 (312,643)
Citation 11

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nominal GDP target, optimal policy, simple rules, zero lower bound

3.
Downloads 208 (366,366)
Citation 6

Monetary Conservatism and Fiscal Policy

ECB Working Paper No. 663
Number of pages: 48 Posted: 02 Aug 2006
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 104 (674,237)

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sequential non-cooperative policy games, discretionary policy, time consistent policy, conservative monetary policy

Monetary Conservatism and Fiscal Policy

Number of pages: 43 Posted: 12 Feb 2007
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 87 (767,205)
Citation 3

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sequential non-cooperative policy games, discretionary policy, time consistent policy, conservative monetary policy

Monetary Conservatism and Fiscal Policy

CEPR Discussion Paper No. 5740
Number of pages: 42 Posted: 16 Aug 2006
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 17 (1,537,408)
Citation 3
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Discretionary policy, sequential non-cooperative policy games, time consistent policy, conservative monetary policy

4.

Output Gaps and Robust Monetary Policy Rules

Riksbank Research Paper Series No. 91, Sveriges Riksbank Working Paper Series No. 260
Number of pages: 25 Posted: 27 Jun 2012
Roberto M. Billi
Sveriges Riksbank
Downloads 194 (391,686)
Citation 4

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output gap, measurement errors, monetary policy, zero lower bound

Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates

FRB of Kansas City Working Paper No. 05-08
Number of pages: 41 Posted: 24 Jan 2006
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 102 (684,532)
Citation 57

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Nonlinear Optimal Policy, Occasionally Binding Constraint, Sequential Policy, Markov Perfect Equilibrium, Liquidity Trap

Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates

Journal of Monetary Economics, Forthcoming
Number of pages: 41 Posted: 03 Jan 2006
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 85 (779,641)

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nonlinear optimal policy, occasionally binding constraint, sequential policy, Markov perfect equilibrium, liquidity trap

Optimal Monetary Policy Under Discretion with a Zero Bound on Nominal Interest Rates

Number of pages: 46 Posted: 09 Dec 2004
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 128 (566,977)
Citation 3

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nonlinear policy, zero lower bound, liquidit y trap

Optimal Monetary Policy Under Discretion with a Zero Bound on Nominal Interest Rates

Number of pages: 43 Posted: 19 Oct 2004
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 11 (1,598,105)
Citation 2
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Nonlinear policy, zero lower bound, liquidity trap

Distortionary Fiscal Policy and Monetary Policy Goals

Number of pages: 40 Posted: 24 Mar 2010
Roberto M. Billi and Klaus Adam
Sveriges Riksbank and University of Mannheim
Downloads 78 (826,467)
Citation 5

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discretion, Nash and Stackelberg equilibria, policy biases, sequential non-cooperative policy games

Distortionary Fiscal Policy and Monetary Policy Goals

Riksbank Research Paper Series No. 109, Sveriges Riksbank Working Paper Series No. 278
Number of pages: 18 Posted: 18 Dec 2013
Klaus Adam and Roberto M. Billi
University of Mannheim and Sveriges Riksbank
Downloads 53 (1,049,673)

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optimal policy, lack of commitment, conservative monetary policy

8.

Optimal Inflation for the U.S.

Federal Reserve Bank of Kansas City Research Working Paper No. 07-03
Number of pages: 37 Posted: 06 Apr 2007
Roberto M. Billi
Sveriges Riksbank
Downloads 102 (679,608)
Citation 5

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Commitment, liquidity trap, long-run trade-off, nonlinear, robust control, stationary distribution

9.

The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates

Number of pages: 38 Posted: 11 Apr 2005
Roberto M. Billi
Sveriges Riksbank
Downloads 97 (704,534)
Citation 4

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inflation inertia, downward nominal rigidity, nonlinear policy, liquidity trap

10.

Price Level Targeting and Risk Management

Riksbank Research Paper Series No. 126, Sveriges Riksbank Working Paper Series No. 302
Number of pages: 15 Posted: 13 Aug 2015
Roberto M. Billi
Sveriges Riksbank
Downloads 94 (720,278)
Citation 2

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nominal level targets, optimal discretionary policy, zero lower bound

11.

Price-Level Targeting and Risk Management in a Low-Inflation Economy

Federal Reserve Bank of Kansas City Working Paper No. 08-09
Number of pages: 27 Posted: 31 Jan 2009
Roberto M. Billi
Sveriges Riksbank
Downloads 93 (725,554)
Citation 6

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kurtosis, liquidity trap, long-run tradeoffs, monetary policy design, nonlinear, simple optimal rules, skewness, long-run stationary distribution

12.

Optimal Monetary Policy with r*<0

NBER Working Paper No. w31508
Number of pages: 43 Posted: 31 Jul 2023
Roberto M. Billi, Jordi Galí and Anton Nakov
Sveriges Riksbank, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and European Central Bank (ECB)CEPR
Downloads 35 (1,249,711)

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13.
Downloads 29 (1,332,057)
Citation 5

Gains from wage Flexibility and the Zero Lower Bound

NBER Working Paper No. w27386
Number of pages: 33 Posted: 22 Jun 2020 Last Revised: 01 May 2026
Roberto M. Billi and Jordi Galí
Sveriges Riksbank and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
Downloads 27 (1,400,723)

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Gains from Wage Flexibility and the Zero Lower Bound

CEPR Discussion Paper No. DP14888
Number of pages: 35 Posted: 16 Jun 2020
Roberto M. Billi and Jordi Galí
Sveriges Riksbank and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
Downloads 2 (1,657,086)
Citation 5
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labor-market flexibility, nominal rigidities, optimal monetary policy with commitment, Taylor rule, ZLB constraint

14.

The Role of Money in Monetary Policy at the Lower Bound

CEPR Discussion Paper No. DP14865
Number of pages: 44 Posted: 16 Jun 2020
Roberto M. Billi, Ulf Söderström and Carl E. Walsh
Sveriges Riksbank, Sveriges Riksbank and U. of California, Santa Cruz
Downloads 4 (1,575,921)
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Automatic Stabilizers, Fiscal policy, Friedman's k-percent rule, ZLB constraint