Anton Nakov

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

CEPR

Research Affiliate

London

United Kingdom

SCHOLARLY PAPERS

23

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1,700

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in Total Papers Citations

81

CROSSREF CITATIONS

791

Scholarly Papers (23)

Communication of Monetary Policy in Unconventional Times

ECB Working Paper No. 2080
Number of pages: 47 Posted: 29 Jun 2017
European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 146 (201,642)

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central bank communication, unconventional monetary policy, asset purchase programme, forward guidance

Communication of Monetary Policy in Unconventional Times

CFS Working Paper, WP No. 578
Number of pages: 47 Posted: 27 Sep 2017
European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 27 (499,860)
Citation 7

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Central Bank Communication, Unconventional Monetary Policy, Asset Purchase Programme, Forward Guidance

2.

Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate

Banco de España Research Paper No. WP-0637
Number of pages: 52 Posted: 20 Sep 2005
Anton Nakov
European Central Bank (ECB)
Downloads 146 (201,175)
Citation 74

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liquidity trap, zero lower bound, optimal monetary policy, simple rules, monetary policy, zero floor, nominal interest rates

3.

Energy Markets and the Euro Area Macroeconomy

ECB Occasional Paper No. 113
Number of pages: 132 Posted: 20 Jun 2010
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bocconi University, affiliation not provided to SSRN, European Central Bank (ECB), European Union - European Investment Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank for International Settlements (BIS) - Monetary and Economic Department, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), National Bank of Belgium, Deutsche Bundesbank, affiliation not provided to SSRN, Bank of Greece, European Central Bank (ECB), Banque de France - Centre de Recherche, Banque de France, Bank of Italy, affiliation not provided to SSRN, Bank of Italy, Dutch Central Bank (DNB), Oesterreichische Nationalbank (OeNB), affiliation not provided to SSRN, affiliation not provided to SSRN and Banco de España
Downloads 145 (202,358)

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4.
Downloads 139 (209,420)
Citation 6

Oil and the Great Moderation

Banco de España Research Paper No. WP-0735, FRB of Cleveland Working Paper No. 07-17
Number of pages: 29 Posted: 30 Oct 2007
Anton Nakov and Andrea Pescatori
European Central Bank (ECB) and Federal Reserve Bank of Cleveland
Downloads 138 (211,217)
Citation 7

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Great Moderation, oil shocks, Bayesian estimation, counterfactual simulations, monetary policy, oil price, great moderation, bayesian estimation, OPEC

Oil and the Great Moderation

The Economic Journal, Vol. 120, No. 543, pp. 131-156, March 2010
Number of pages: 26 Posted: 10 Feb 2010
Anton Nakov and Andrea Pescatori
European Central Bank (ECB) and Federal Reserve Bank of Cleveland
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5.

A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, Us and UK, 1959-1999

CEU Dept. of Economics Working Paper No. 4/2001
Number of pages: 59 Posted: 03 Sep 2001
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)
Downloads 131 (219,603)
Citation 5

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6.

Saudi Aramco and the Oil Market

ECB Working Paper No. 1354
Number of pages: 27 Posted: 16 Jun 2011
Anton Nakov and Galo Nuno
European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 120 (234,664)

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oil price, oil production, dominant firm, Saudi Aramco, oil tax

7.

Inflation-Output Gap Trade-Off With a Dominant Oil Supplier

FRB of Cleveland Working Paper No. 07-10, Banco de España Research Paper No. WP-0723
Number of pages: 54 Posted: 16 Jul 2007 Last Revised: 11 Aug 2010
Anton Nakov and Andrea Pescatori
European Central Bank (ECB) and Federal Reserve Bank of Cleveland
Downloads 103 (261,613)
Citation 9

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oil shocks, inflation-output gap tradeoff, dominant firm

8.

A General Equilibrium Model of the Oil Market

Banco de Espana Working Paper No. 1125
Number of pages: 36 Posted: 07 Oct 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB) and Banco de España
Downloads 94 (277,920)
Citation 48

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oil price, oil production, dominant firm, Saudi Aramco, oil tax

9.
Downloads 90 (285,771)
Citation 43

Learning From Experience in the Stock Market

ECB Working Paper No. 1396
Number of pages: 41 Posted: 30 Nov 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB) and Banco de España
Downloads 41 (432,167)

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learning from experience, OLG, assett pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

Banco de Espana Working Paper No. 1132
Number of pages: 41 Posted: 05 Dec 2011
Anton Nakov and Galo Nuño
European Central Bank (ECB) and Banco de España
Downloads 25 (511,863)
Citation 17

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learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

FEDS Working Paper No. 2012-41
Number of pages: 36 Posted: 18 Dec 2012
Anton Nakov and Galo Nuño
European Central Bank (ECB) and Banco de España
Downloads 23 (524,359)
Citation 22

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learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

CEPR Discussion Paper No. DP9845
Number of pages: 31 Posted: 02 Jun 2014
Anton Nakov and Galo Nuño
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1 (688,832)
Citation 1
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asset pricing, constant-gain learning, dispersed beliefs, heterogeneous beliefs, OLG

10.

The Zero Bound on Nominal Interest Rates and Optimal Monetary Policy Under Discretion

Number of pages: 24 Posted: 03 May 2004
Anton Nakov
European Central Bank (ECB)
Downloads 90 (285,771)
Citation 2

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Zero bound, New Keynesian, optimal monetary policy

11.
Downloads 86 (294,065)
Citation 19

Optimal Monetary Policy with State-Dependent Pricing

ECB Working Paper No. 1250
Number of pages: 31 Posted: 05 Oct 2010
Anton Nakov and Carlos Thomas
European Central Bank (ECB) and Banco de España
Downloads 39 (440,746)

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optimal monetary policy, price stability, stochastic menu costs, state-dependent pricing

Optimal Monetary Policy with State-Dependent Pricing

Banco de Espana Working Paper No. 1130
Number of pages: 33 Posted: 10 Nov 2011
Anton Nakov and Carlos Thomas
European Central Bank (ECB) and Banco de España
Downloads 32 (472,785)
Citation 6

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monetary policy, state-dependent pricing, monopolistic competition

Optimal Monetary Policy with State-Dependent Pricing

FEDS Working Paper No. 2011-48
Number of pages: 33 Posted: 16 Nov 2011
Carlos Thomas and Anton Nakov
Banco de España and European Central Bank (ECB)
Downloads 15 (576,605)
Citation 10

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monetary policy, state-dependent pricing, monopolistic competition

Optimal Monetary Policy with State-Dependent Pricing

CEPR Discussion Paper No. DP9846
Number of pages: 43 Posted: 02 Jun 2014
Anton Nakov and Carlos Thomas
European Central Bank (ECB) and Banco de España
Downloads 0
Citation 1
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monetary policy, monopolistic competition, state-dependent pricing

12.

Oilgopoly: A General Equilibrium Model of the Oil-Macroeconomy Nexus

Banco de Espana Working Paper No. 0932
Number of pages: 27 Posted: 30 Dec 2009
Anton Nakov and Galo Nuno
European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 82 (302,840)
Citation 43

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Oil Price, Oil Shocks, Dominant F Rm, Competitive Fringe, Pigovian Tax

13.
Downloads 63 (350,480)
Citation 52

Logit Price Dynamics

Banco de Espana Working Paper No. 1301
Number of pages: 55 Posted: 06 Feb 2013
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 40 (436,359)
Citation 50

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nominal rigidity, logit equilibrium, state-dependent pricing, near rationality, information-constrained pricing

Logit Price Dynamics

ECB Working Paper No. 1693
Number of pages: 51 Posted: 16 Jul 2014
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 23 (524,359)
Citation 1

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nominal rigidity, logit equilibrium, state-dependent pricing, near rationality, information-constrained pricing

14.
Downloads 47 (401,305)
Citation 49

Precautionary Price Stickiness

ECB Working Paper No. 1375
Number of pages: 46 Posted: 25 Aug 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 35 (458,523)

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Logit equilibrium, state-dependent pricing, (S,s) adjustment, near rationality, information-constrained pricing

Precautionary Price Stickiness

Banco de Espana Working Paper No. 1122
Number of pages: 42 Posted: 30 Jul 2013
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 12 (597,316)
Citation 49

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nominal rigidity, logit equilibrium, state-dependent pricing, (S,s) adjustment, near-rational behavior

Precautionary Price Stickiness

CEPR Discussion Paper No. DP9912
Number of pages: 41 Posted: 02 Jun 2014
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
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(S,s), adjustment, logit equilibrium, near-rational behavior, Nominal rigidity, state-dependent pricing

15.

Monetary Effects on Nominal Oil Prices

Banco de Espana Working Paper No. 0928
Number of pages: 35 Posted: 08 Dec 2009
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)
Downloads 43 (415,814)
Citation 47

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oil prices, infl ation, cash-in-advance, multiple structural breaks, Granger causality

16.

Price Adjustments in a General Model of State-Dependent Pricing

Banco de Espana Working Paper No. 0824
Number of pages: 43 Posted: 24 Nov 2008 Last Revised: 02 Dec 2008
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 35 (448,014)
Citation 53

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price stickiness, state-dependent pricing, stochastic menu costs, generalized (S,s), bounded rationality

17.

Dynamics of the Price Distribution in a General Model of State-Dependent Pricing

Banco de Espana Working Paper No. 0831
Number of pages: 46 Posted: 15 Jan 2009
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 34 (452,329)
Citation 34

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price stickiness, state-dependent pricing, stochastic menu costs, generalized (S,s), heterogeneous agents, distributional dynamics

Distributional Dynamics Under Smoothly State-dependent Pricing

ECB Working Paper No. 1333
Number of pages: 46 Posted: 25 Apr 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 18 (556,885)

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Nominal rigidity, state-dependent pricing, menu costs, heterogeneity, Taylor rule

Distributional Dynamics Under Smoothly State-Dependent Pricing

FEDS Working Paper No. 2011-50
Number of pages: 52 Posted: 17 Nov 2011
James S. Costain and Anton Nakov
Banco de España - Research Department and European Central Bank (ECB)
Downloads 14 (583,532)
Citation 10

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Nominal rigidity, state-dependent pricing, menu costs, heterogeneity, Taylor rule

Granger Causality of the Inflation-Growth Mirror in Accession Countries

CEPR Discussion Paper No. 4845
Number of pages: 42 Posted: 05 May 2005
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)
Downloads 17 (563,433)
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Granger causality, VAR, transition, inflation, growth, velocity, structural breaks

Granger Causality of the Inflation - Growth Mirror in Accession Countries

Economics of Transition, Vol. 12, No. 4, pp. 653-681, December 2004
Number of pages: 29 Posted: 03 Dec 2004
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)
Downloads 13 (590,331)
Citation 1
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Monetary Policy Implications of State-Dependent Prices and Wages

Banco de Espana Working Paper No. 1910
Number of pages: 61 Posted: 17 Apr 2019 Last Revised: 17 Jul 2019
James Costain, Anton Nakov and Borja Petit
European Central Bank (ECB), European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 10 (611,405)

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nominal rigidity, state-dependent adjustment, logit equilibrium, near rationality, control costs

Monetary Policy Implications of State-Dependent Prices and Wages

ECB Working Paper No. 2272 (2019); ISBN 978-92-899-3534-0
Number of pages: 59 Posted: 01 May 2019
James Costain, Anton Nakov and Borja Petit
European Central Bank (ECB), European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 6 (639,894)

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nominal rigidity, state-dependent adjustment, logit equilibrium, near rationality, control costs

Monetary Policy Implications of State-Dependent Prices and Wages

CEPR Discussion Paper No. DP13398
Number of pages: 63 Posted: 07 Jan 2019
James Costain, Anton Nakov and Borja Petit
European Central Bank (ECB), European Central Bank (ECB) and affiliation not provided to SSRN
Downloads 1 (688,832)
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control costs, logit equilibrium, near rationality, state-dependent adjustment, sticky prices, sticky wages

21.

Saudi Arabia and the Oil Market

The Economic Journal, Vol. 123, Issue 573, pp. 1333-1362, 2013
Number of pages: 30 Posted: 15 Dec 2013
Anton Nakov and Galo Nuño
European Central Bank (ECB) and Banco de España
Downloads 0 (673,781)
Citation 4
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22.

A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, USA and UK, 1959-1999

Economica, Vol. 70, No. 279, pp. 439-450, 2003
Posted: 07 Dec 2004
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)

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23.

A Monetary Explanation of Oil and Gold Prices During Postwar Stagflation and Recovery: 1957-1999

Central European University Working Paper No. 5/2000
Posted: 23 Jan 2001
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and European Central Bank (ECB)

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oil, gold, inflation, cointegration, cash-in-advance