Keith Kuester

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

  • Federal Reserve Banks - Federal Reserve Bank of Philadelphia

SCHOLARLY PAPERS

25

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3,093

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452

Scholarly Papers (25)

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1.

Monetary Policy with Heterogeneous Agents

Downloads 381 (92,762)
Citation 16

Monetary Policy with Heterogeneous Agents

FRB of Philadelphia Working Paper No. 12-21
Number of pages: 49 Posted: 18 Sep 2012
Nils Gornemann, Keith Kuester and Makoto Nakajima
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 381 (154,757)
Citation 16

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Monetary Policy, Unemployment, Search and Matching, Heterogeneous Agents, General Equilibrium

2.

Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model

Downloads 278 (218,854)
Citation 12

Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model

ECB Working Paper No. 635, CFS Working Paper No. 2007/07
Number of pages: 63 Posted: 09 Jun 2006
Kai Philipp Christoffel, Keith Kuester and Tobias Linzert
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 163 (360,779)
Citation 11

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Labor market, wage rigidity, bargaining, Bayesian estimation

Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model

Bundesbank Series 1 Discussion Paper No. 2006,17
Number of pages: 76 Posted: 08 Jun 2016
Kai Philipp Christoffel, Keith Kuester and Tobias Linzert
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 115 (478,253)
Citation 1

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Labor market, wage rigidity, bargaining, Bayesian estimation

3.

Floats, Pegs and the Transmission of Fiscal Policy

Downloads 238 (255,468)
Citation 9

Floats, Pegs and the Transmission of Fiscal Policy

FRB of Philadelphia Working Paper No. 11-9
Number of pages: 34 Posted: 24 Feb 2011
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 232 (260,465)
Citation 6

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Fiscal policy,Monetary policy, Exchange rate regime, Long-term rates, New Keynesian models

Floats, Pegs and the Transmission of Fiscal Policy

CEPR Discussion Paper No. DP8180
Number of pages: 35 Posted: 18 Jan 2011
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 6 (1,221,700)
Citation 3
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Exchange rate regimes, Fiscal Policy, Long-term rates, Monetary Policy, New-keynesian models

4.

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Downloads 219 (276,407)
Citation 45

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

IMF Working Paper No. NO.12/33
Number of pages: 56 Posted: 02 Feb 2012
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 202 (297,110)
Citation 20

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Zero Lower Bound, Risk Premium, Sovereign Risk, Sovereign Debt

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

CEPR Discussion Paper No. DP8779
Number of pages: 58 Posted: 31 Jan 2012
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 17 (1,083,783)
Citation 25
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fiscal policy, monetary policy, risk premium, sovereign risk, zero lower bound

5.

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

Downloads 206 (292,792)
Citation 122

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

National Bank of Belgium Working Paper No. 164
Number of pages: 57 Posted: 29 Sep 2010
Kai Philipp Christoffel, James S. Costain, Gregory de Walque, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 141 (407,309)
Citation 62

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Inflation Dynamics, Labour Market, Business Cycle, Real Rigidities

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

FRB of Philadelphia Working Paper No. 09-6, Bank of England Working Paper No. 375
Number of pages: 53 Posted: 25 Mar 2009
Kai Philipp Christoffel, James S. Costain, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard
European Central Bank (ECB), Banco de España - Research Department, affiliation not provided to SSRN, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 65 (686,813)
Citation 60

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inflation dynamics, labour market, business cycle, real rigidities

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

ECB Working Paper No. 1053
Posted: 04 Mar 2010
Kai Philipp Christoffel, James S. Costain, Gregory de Walque, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg

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Inflation Dynamics, Labour Market, Business Cycle, Real Rigidities

6.

Sovereign Risk and the Effects of Fiscal Retrenchment in Deep Recessions

FRB of Philadelphia Working Paper No. 11-43
Number of pages: 68 Posted: 27 Sep 2011
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 162 (362,857)
Citation 6

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fiscal consolidation, monetary policy, zero lower bound, risk premium, sovereign risk channel

7.

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

Downloads 156 (374,455)
Citation 3

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

International Finance Discussion Paper No. 1167
Number of pages: 43 Posted: 31 May 2016 Last Revised: 06 Jan 2017
Nils Gornemann, Keith Kuester and Makoto Nakajima
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 150 (387,161)
Citation 2

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Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

CEPR Discussion Paper No. DP11233
Number of pages: 55 Posted: 18 Apr 2016
Nils Gornemann, Keith Kuester and Makoto Nakajima
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Philadelphia
Downloads 6 (1,221,700)
Citation 1
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General Equilibrium, Heterogeneous Agents, Monetary policy, Search and Matching, Unemployment

8.

The Impact of Labor Markets on the Transmission of Monetary Policy in an Estimated DSGE Model

IZA Discussion Paper No. 1902
Number of pages: 60 Posted: 20 Jan 2006
Kai Philipp Christoffel, Keith Kuester and Tobias Linzert
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 138 (413,431)

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labor market, wage rigidity, bargaining, Bayesian estimation

9.

Fiscal Volatility Shocks and Economic Activity

Downloads 135 (420,584)
Citation 124

Fiscal Volatility Shocks and Economic Activity

PIER Working Paper No. 11-022
Number of pages: 47 Posted: 12 Aug 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 97 (541,781)
Citation 37

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DSGE models, Uncertainty, Fiscal Policy, Monetary Policy

Fiscal Volatility Shocks and Economic Activity

NBER Working Paper No. w17317
Number of pages: 47 Posted: 29 Aug 2011 Last Revised: 27 Apr 2023
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 38 (869,320)
Citation 87

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10.

Is the New Keynesian Phillips Curve Flat?

ECB Working Paper No. 809
Number of pages: 35 Posted: 19 Sep 2007
Keith Kuester, Gernot J. Müller and Sarah Stölting
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Tuebingen - Department of Economics and European University Institute
Downloads 133 (425,527)
Citation 2

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Price Rigidities, New Keynesian Phillips Curve, Cost-push shocks, GMM estimation

11.

Insurance Policies for Monetary Policy in the Euro Area

Downloads 131 (430,660)
Citation 7

Insurance Policies for Monetary Policy in the Euro Area

ECB Working Paper No. 480, CFS Working Paper No. 2005/13
Number of pages: 57 Posted: 06 May 2005
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 71 (655,374)
Citation 4

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Model uncertainty, robustness, monetary policy rules, minimax, euro area

Insurance Policies for Monetary Policy in the Euro Area

FRB of Philadelphia Working Paper No. 08-29
Number of pages: 48 Posted: 05 Feb 2009
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 46 (806,519)
Citation 3

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model uncertainty, robustness, monetary policy rules, minimax, euro area

Insurance Policies for Monetary Policy in the Euro Area

CEPR Discussion Paper No. 4956
Number of pages: 53 Posted: 27 Jul 2005
Keith Kuester and Volker Wieland
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Frankfurt
Downloads 14 (1,120,340)
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Model uncertainty, robustness, monetary policy rules, minimax, Euro area

12.

Optimal Monetary Policy Rules for the Euro Area: An Analysis Using the Area Wide Model

Number of pages: 55 Posted: 30 Nov 2004
Alistair Dieppe, Keith Kuester and Peter McAdam
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 128 (438,432)
Citation 1

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euro area, monetary policy rule, optimization

13.

Real Price and Wage Rigidities in a Model with Matching Frictions

ECB Working Paper No. 720
Number of pages: 49 Posted: 06 Feb 2007
Keith Kuester
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 124 (449,155)

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firm-specific labor, real rigidities, Phillips curve, wage rigidity, bargaining

14.

The Role of Labor Markets for Euro Area Monetary Policy

Downloads 111 (488,259)
Citation 20

The Role of Labor Markets for Euro Area Monetary Policy

ECB Working Paper No. 1035
Number of pages: 67 Posted: 25 Mar 2009
Kai Philipp Christoffel, Keith Kuester and Tobias Linzert
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 65 (686,813)
Citation 2

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Labor Market, wage rigidity, bargaining, Bayesian estimation

The Role of Labor Markets for Euro Area Monetary Policy

FRB of Philadelphia Working Paper No. 09-01
Number of pages: 58 Posted: 05 Feb 2009
Kai Philipp Christoffel, Keith Kuester and Tobias Linzert
European Central Bank (ECB), Federal Reserve Banks - Federal Reserve Bank of Philadelphia and European Central Bank (ECB)
Downloads 46 (806,519)
Citation 18

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Labor Market, wage rigidity, bargaining, Bayesian estimation

15.

The Elasticity of the Unemployment Rate with Respect to Benefits

FRB of Philadelphia Working Paper No. 08-15
Number of pages: 11 Posted: 06 Sep 2008
Kai Philipp Christoffel and Keith Kuester
European Central Bank (ECB) and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 95 (544,083)
Citation 4

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Real business cycles, bargaining, structural reforms, unemployment insurance

16.

The (Un)Importance of Unemployment Fluctuations for Welfare

FRB of Philadelphia Working Paper No. 08-31
Number of pages: 34 Posted: 06 Feb 2009
Philip Jung and Keith Kuester
University of Bonn and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 85 (582,835)
Citation 9

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Cost of business cycles, unemployment, search and matching

17.

Wage, Inflation and Employment Dynamics with Labour Market Matching

Banco de Espana Working Paper No. 0918
Number of pages: 47 Posted: 26 Aug 2009
Kai Philipp Christoffel, James S. Costain, Gregory de Walque, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard
European Central Bank (ECB), Banco de España - Research Department, National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European Central Bank (ECB), Bank of England and Banque Centrale du Luxembourg
Downloads 84 (586,950)
Citation 40

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inflation dynamics, labour market, business cycle, real rigidities

18.

Optimal Labor-Market Policy in Recessions

FRB of Philadelphia Working Paper No. 11-48
Number of pages: 48 Posted: 04 Dec 2011
Philip Jung and Keith Kuester
University of Mannheim, School of Economics (VWL), Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 80 (604,169)
Citation 3

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unemployment, search and matching, endogenous separations

19.

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

Downloads 70 (649,795)
Citation 13

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

IMF Working Paper No. 13/227
Number of pages: 50 Posted: 10 Dec 2013
Keith Kuester, Giancarlo Corsetti, Gernot J. Müller and Andreas Billmeier
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European University Institute, University of Tuebingen - Department of Economics and International Monetary Fund (IMF) - Middle East and Central Asia Department
Downloads 69 (665,644)
Citation 5

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Sovereign debt, Euro Area, Fiscal risk, Risk premium, Fiscal policy, Monetary policy, Economic models, Sovereign risk channel, monetary union, zero lower bound, risk premium, pooling of sovereign risk, government spending, fiscal stance, spending cuts, tax revenue, fiscal multiplier, aggregate demand, government expenditure, public debt, fiscal expansion, fiscal stress, fiscal austerity, public finances, fiscal impulse, fiscal outlook, fiscal response, fiscal policies, government deficit, fiscal stances, tax systems, fiscal risks, government budget, fiscal deficits, taxation, fiscal transfer, public expenditures, budget constraint, primary expenditure, fiscal theory, fiscal limits, expansion

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

CEPR Discussion Paper No. DP9723
Number of pages: 51 Posted: 08 Nov 2013
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 1 (1,288,060)
Citation 8
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euro area, monetary union, pooling of sovereign risk, risk premium, sovereign risk channel, zero lower bound

20.

Optimal Labor-Market Policy in Recessions

FRB of Philadelphia Working Paper No. 11-48
Number of pages: 48 Posted: 29 Jul 2012
Keith Kuester and Philip Jung
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Mannheim, School of Economics (VWL), Department of Economics
Downloads 66 (669,395)
Citation 3

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21.

Resuscitating the Wage Channel in Models with Unemployment Fluctuations

ECB Working Paper No. 923
Number of pages: 49 Posted: 26 Aug 2008
Kai Philipp Christoffel and Keith Kuester
European Central Bank (ECB) and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 44 (801,250)
Citation 3

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Bargaining, Unemployment, Business Cycle, Real Rigidities

22.

Debt Consolidation and Fiscal Stabilization of Deep Recessions

CEPR Discussion Paper No. DP7649
Number of pages: 14 Posted: 08 Feb 2010
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 25 (962,670)
Citation 10
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consolidation, exit strategy, fiscal multiplier, Fiscal policy, fiscal stabilization, monetary policy, zero lower bound

23.

Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession

CEPR Discussion Paper No. DP12197
Number of pages: 53 Posted: 11 Aug 2017
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 2 (1,222,320)
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Benign coincidence, Currency union, Exchange rate, Exchange rate peg, external shock, Fiscal Multiplier, great recession, zero lower bound

24.

The Case for Flexible Exchange Rates in a Great Recession

CEPR Discussion Paper No. DP11432
Number of pages: 42 Posted: 16 Aug 2016
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 2 (1,222,320)
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Benign coincidence, Exchange rate, external shock, External-demand multiplier, Fiscal Multiplier, great recession, zero lower bound

25.

Value-at-Risk Prediction: A Comparison of Alternative Strategies

Journal of Financial Econometrics, Vol. 4, No. 1, pp. 53-89, 2006
Posted: 29 Feb 2008
Keith Kuester, Stefan Mittnik and Marc S. Paolella
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Kiel - Institute of Statistics & Econometrics and University of Zurich - Department Finance

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empirical finance, extreme value theory, fat tails, GARCH, quantile regression