Anton Nakov

CEPR

Research Affiliate

London

United Kingdom

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

24

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1,842

SSRN CITATIONS
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Top 1,198

in Total Papers Citations

136

CROSSREF CITATIONS

793

Ideas:
“  Effectiveness and Addictiveness of Quantitative Easing. Bubbles and Liquidity Traps. Rational Inattention and Retail Price Dynamics  ”

Scholarly Papers (24)

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, CEPR, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 179 (183,804)

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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, CEPR, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB) - Directorate General Research
Downloads 37 (485,611)
Citation 18

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

2.

Saudi Aramco and the Oil Market

ECB Working Paper No. 1354
Number of pages: 27 Posted: 16 Jun 2011
Anton Nakov and Galo Nuno
CEPR and affiliation not provided to SSRN
Downloads 180 (182,901)

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

3.

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
CEPR
Downloads 152 (211,367)
Citation 83

Abstract:

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

4.

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, CEPR, 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 146 (218,470)

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5.
Downloads 143 (222,147)
Citation 9

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
CEPR and Federal Reserve Bank of Cleveland
Downloads 142 (223,912)
Citation 10

Abstract:

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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
CEPR and Federal Reserve Bank of Cleveland
Downloads 1 (743,403)
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6.

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 CEPR
Downloads 132 (236,795)
Citation 5

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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
CEPR and Federal Reserve Bank of Cleveland
Downloads 106 (277,895)
Citation 8

Abstract:

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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
CEPR and Banco de España
Downloads 97 (294,936)
Citation 47

Abstract:

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

9.
Downloads 92 (305,112)
Citation 44

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
CEPR and Banco de España
Downloads 42 (462,602)

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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
CEPR and Banco de España
Downloads 25 (552,759)
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
CEPR and Banco de España
Downloads 24 (559,386)
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
CEPR and European Central Bank (ECB)
Downloads 1 (743,403)
Citation 3
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asset pricing, constant-gain learning, dispersed beliefs, heterogeneous beliefs, OLG

10.
Downloads 92 (305,112)
Citation 3

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Zero bound, New Keynesian, optimal monetary policy

11.
Downloads 86 (318,298)
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
CEPR and Banco de España
Downloads 39 (476,222)

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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
CEPR and Banco de España
Downloads 32 (511,010)
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 CEPR
Downloads 15 (622,957)
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
CEPR 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
CEPR and affiliation not provided to SSRN
Downloads 83 (325,306)
Citation 43

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

13.
Downloads 64 (375,981)
Citation 51

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 CEPR
Downloads 41 (467,107)
Citation 49

Abstract:

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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 CEPR
Downloads 23 (566,198)
Citation 1

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

14.
Downloads 47 (433,725)
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 CEPR
Downloads 35 (495,385)

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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 CEPR
Downloads 12 (645,751)
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 CEPR
Downloads 0
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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 CEPR
Downloads 44 (445,258)
Citation 47

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

16.

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 CEPR
Downloads 38 (470,450)
Citation 34

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

17.

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 CEPR
Downloads 36 (479,433)
Citation 58

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

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 CEPR
Downloads 18 (601,308)

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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 CEPR
Downloads 15 (622,957)
Citation 15

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

Granger Causality of the Inflation-Growth Mirror in Accession Countries

Number of pages: 42 Posted: 05 May 2005
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and CEPR
Downloads 17 (608,474)
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Granger causality, VAR, transition, inflation, growth, velocity, structural breaks

Granger Causality of the Inflation - Growth Mirror in Accession Countries

Number of pages: 29 Posted: 03 Dec 2004
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and CEPR
Downloads 13 (638,012)
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), CEPR and affiliation not provided to SSRN
Downloads 13 (638,012)

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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), CEPR and affiliation not provided to SSRN
Downloads 11 (653,336)

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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), CEPR and affiliation not provided to SSRN
Downloads 1 (743,403)
Citation 1
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control costs, logit equilibrium, near rationality, state-dependent adjustment, sticky prices, sticky wages

21.

Effectiveness and Addictiveness of Quantitative Easing

CEPR Discussion Paper No. DP14951
Number of pages: 40 Posted: 29 Jun 2020
Peter Karadi and Anton Nakov
European Central Bank (ECB) and CEPR
Downloads 0 (727,214)
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Balance-Sheet-Constrained Banks, Large-scale asset purchases

22.

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
CEPR and Banco de España
Downloads 0 (727,214)
Citation 7
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23.

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

Posted: 07 Dec 2004
Max Gillman and Anton Nakov
Central European University (CEU) - Department of Economics and CEPR

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24.

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 CEPR

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