David Lopez-Salido

Board of Governors of the Federal Reserve System

Associate Director - Monetary Affairs

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

51

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CITATIONS
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896

Scholarly Papers (51)

Understanding the Effects of Government Spending on Consumption

ECB Working Paper No. 339, FRB International Finance Discussion Paper No. 805
Number of pages: 56 Posted: 25 Aug 2004
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 338 (85,866)
Citation 157

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rule-of-thumb consumers, scal multiplier, government spending, Taylor rules

Understanding the Effects of Government Spending on Consumption

NBER Working Paper No. w11578
Number of pages: 54 Posted: 17 Oct 2005 Last Revised: 22 Aug 2010
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 40 (423,661)
Citation 157

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Understanding the Effects of Government Spending on Consumption

CEPR Discussion Paper No. 5212
Number of pages: 57 Posted: 07 Oct 2005
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 21 (520,911)
Citation 157
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Rule-of-thumb consumers, non-Ricardian households, fiscal multiplier, government spending, Taylor rules

2.
Downloads 333 ( 87,909)
Citation 3

Housing Bubbles

Banco de Espana Working Paper No. 0815
Number of pages: 53 Posted: 04 Aug 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 329 (88,506)
Citation 3

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collateral constraints, buy-to-let investment, housing bubbles, switching bubbles, welfare

Housing Bubbles

CEPR Discussion Paper No. DP6932
Number of pages: 50 Posted: 02 Dec 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 4 (631,970)
Citation 3
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buy-to-let investment, collateral constraints, housing bubbles, switching

3.

Understanding UK Inflation: The Role of Openness

Bank of England Working Paper No. 164
Number of pages: 54 Posted: 09 Mar 2003
Ravi Balakrishnan and David Lopez-Salido
International Monetary Fund (IMF) - Fiscal Affairs Department and Board of Governors of the Federal Reserve System
Downloads 265 (112,537)
Citation 17

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Inflation dynamics, open economy New Phillips Curve

4.

Inflation Persistence and Optimal Monetary Policy in the Euro Area

ECB Working Paper No. 178; FRB International Finance Discussion Paper No. 749
Number of pages: 42 Posted: 14 Jan 2003
Pierpaolo Benigno and David Lopez-Salido
New York University - Stern School of Business and Board of Governors of the Federal Reserve System
Downloads 256 (116,657)
Citation 88

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Optimal Monetary Policy, Currency Areas, Inflation Dynamics

5.

Understanding the New Normal: The Role of Demographics

FEDS Working Paper No. 2016-080
Number of pages: 74 Posted: 17 Oct 2016
Etienne Gagnon, Benjamin Kramer Johannsen 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 249 (120,027)

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Demographics, Equilibrium real interest rate, GDP growth, New normal

Credit-Market Sentiment and the Business Cycle

FEDS Working Paper No. 2015-028r1, http://dx.doi.org/10.17016/FEDS.2015.028r1
Number of pages: 57 Posted: 24 May 2015
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 118 (231,970)

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business cycles, credit-market sentiment, financial stability

Credit-Market Sentiment and the Business Cycle

FEDS Working Paper No. 2015-28
Number of pages: 57 Posted: 11 Jan 2017
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 57 (363,057)

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Business cycles, Credit-market sentiment, Financial stability

Credit-Market Sentiment and the Business Cycle

NBER Working Paper No. w21879
Number of pages: 46 Posted: 20 Jan 2016
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 14 (565,313)

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Nominal Rigidities and the Term Structures of Equity and Bond Returns

Number of pages: 44 Posted: 05 Jul 2015 Last Revised: 24 Jul 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Banque de France, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 110 (244,199)

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Structural term structure modeling, Equity and bond yields, Habit formation, Nominal rigidities

Nominal Rigidities and the Term Structures of Equity and Bond Returns

FEDS Working Paper No. 2015-064, http://dx.doi.org/10.17016/FEDS.2015.064
Number of pages: 45 Posted: 25 Aug 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Banque de France, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 72 (320,757)

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Equity and bond yields, Habit formation, Nominal rigidities, Structural term structure modeling

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Number of pages: 47 Posted: 05 Jul 2015 Last Revised: 08 Dec 2018
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Banque de France, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 168 (173,927)

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Intertemporal risk prices, Risk-return tradeoff

House Prices, Rents, and Interest Rates Under Collateral Constraints

Banco de Espana Research Paper No. WP-0610
Number of pages: 45 Posted: 08 May 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 118 (231,970)
Citation 1

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price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

House Prices, Rents and Interest Rates Under Collateral Constraints

CEPR Discussion Paper No. 5689
Number of pages: 42 Posted: 02 Aug 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 22 (514,665)
Citation 1
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Price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

10.

Government Spending and Consumption-Hours Preferences

"la Caixa" Working Paper No. 02/2006
Number of pages: 54 Posted: 06 Sep 2007
Pau Rabanal and David Lopez-Salido
La Caixa and Board of Governors of the Federal Reserve System
Downloads 131 (213,364)
Citation 4

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Non-Ricardian Consumers, Nonseparable Preferences, Fiscal Policy

11.

European Inflation Dynamics

NBER Working Paper No. w8218
Number of pages: 40 Posted: 29 Mar 2001 Last Revised: 31 Mar 2001
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 126 (219,810)
Citation 196

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Markups, Gaps, and the Welfare Costs of Business Fluctuations

UPF Economics and Business Working Paper 836
Number of pages: 46 Posted: 29 Nov 2005
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 43 (411,741)
Citation 87

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Business cycles, countercyclical markups, welfare costs

Markups, Gaps, and the Welfare Costs of Business Fluctuations

NBER Working Paper No. w8850
Number of pages: 47 Posted: 01 Jun 2006 Last Revised: 26 Oct 2010
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 27 (484,724)
Citation 86

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Markups, Gaps and the Welfare Costs of Business Fluctuations

CEPR Discussion Paper No. 4134
Number of pages: 46 Posted: 03 Jan 2004
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 23 (508,455)
Citation 87
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Markups, Gaps and the Welfare Costs of Business Fluctuations

CEPR Discussion Paper No. 3212
Number of pages: 37 Posted: 19 Mar 2002
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 19 (533,460)
Citation 86
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Business cycles, countercyclical markups, welfare costs

13.

Labor Market Effects of Technology Shocks

Banco de España Research Paper No. WP-0719
Number of pages: 68 Posted: 03 Jul 2007
Fabio Canova, David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 111 (241,330)
Citation 9

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search frictions, technological progress, creative

14.

Sticky-Price Models and the Natural Rate Hypothesis

FRB of St. Louis Working Paper No. 2005-018A
Number of pages: 36 Posted: 29 Jul 2005
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 102 (256,080)
Citation 18

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The Empirical Implications of the Interest-Rate Lower Bound

FEDS Working Paper No. 2012-83
Number of pages: 76 Posted: 08 Jan 2013
Federal Reserve Board - Trade and Financial Studies, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Hutchin Hill Capital
Downloads 90 (279,936)
Citation 3

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Zero lower bound, DSGE model, Bayesian estimation

The Empirical Implications of the Interest-Rate Lower Bound

CEPR Discussion Paper No. DP9214
Number of pages: 59 Posted: 01 Feb 2013
Christopher J. Gust, David Lopez-Salido and Matthew E. Smith
Federal Reserve Board - Trade and Financial Studies, Board of Governors of the Federal Reserve System and Hutchin Hill Capital
Downloads 4 (631,970)
Citation 3
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Bayesian estimation, DSGE model, zero lower bound

Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area

FRB of St. Louis Working Paper No. 2007-005C, Banco de Espana Working Paper No. 0805
Number of pages: 45 Posted: 28 Feb 2007
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 76 (310,848)
Citation 13

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money, natural rate of interest, New Keynesian models

17.

Small Price Responses to Large Demand Shocks

FEDS Working Paper No. 2014-18
Number of pages: 45 Posted: 07 Mar 2014
Etienne Gagnon and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 56 (360,830)

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Demand shocks, inflation, sales, labor conflicts, mass population displacement, severe weather events

Monetary Policy and the Cyclicality of Risk

CEPR Discussion Paper No. DP7727
Number of pages: 31 Posted: 17 Mar 2010
Christopher J. Gust and David Lopez-Salido
Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 4 (631,897)
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countercyclical equity premium, monetary policy, portfolio inertia, segmented markets

19.

Portfolio Inertia and the Equity Premium

FRB International Finance Discussion Paper No. 984
Number of pages: 41 Posted: 17 Nov 2009
Christopher J. Gust and David Lopez-Salido
Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 54 (367,083)
Citation 1

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Limited financial market participation, infrequent portfolio adjustment, equity premium

The Transmission of Domestic Shocks in the Open Economy

FRB International Finance Discussion Paper No. 906
Number of pages: 76 Posted: 09 Dec 2007
Christopher J. Erceg, Christopher J. Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 40 (423,661)
Citation 9

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Open economy Phillips Curve, Variable markups, Imported intermediate inputs

The Transmission of Domestic Shocks in the Open Economy

NBER Working Paper No. w13613
Number of pages: 71 Posted: 27 Nov 2007 Last Revised: 13 Sep 2010
Christopher J. Erceg, Christopher J. Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 13 (571,828)
Citation 9

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21.

On the Robust Effects of Technology Shocks on Hours Worked and Output

Number of pages: 29 Posted: 25 Jul 2007
Fabio Canova, David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 52 (373,255)
Citation 4

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Technology disturbances, structural VARs, low frequency movements, news shocks

22.
Downloads 50 (379,721)
Citation 2

Consumption and Habits: Evidence from Panel Data

CEPR Discussion Paper No. 3520
Number of pages: 37 Posted: 13 Nov 2002
Raquel Carrasco, J. Maria Labeaga Azcona and David Lopez-Salido
Universidad Carlos III de Madrid - Department of Economics, Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics and Board of Governors of the Federal Reserve System
Downloads 27 (484,724)
Citation 2
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Consumption, habits, panel data

Consumption and Habits: Evidence from Panel Data

Economic Journal, Vol. 115, No. 500, pp. 144-165, January 2005
Number of pages: 22 Posted: 28 Dec 2004
Raquel Carrasco, J. Maria Labeaga Azcona and David Lopez-Salido
Universidad Carlos III de Madrid - Department of Economics, Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics and Board of Governors of the Federal Reserve System
Downloads 23 (508,455)
Citation 2
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23.

The Federal Reserve's Large-Scale Asset Purchase Programs: Rationale and Effects

FEDS Working Paper No. 2012-85
Number of pages: 58 Posted: 08 Jan 2013
Board of Governors of the Federal Reserve System, Government of the United States of America - Division of Monetary Affairs, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (382,970)

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large-scale asset purchases, history of unconventional monetary policy, monetary transmission mechanism, longer-term interest rates, preferred habitat, duration channel

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

FEDS Working Paper No. 2014-39
Number of pages: 37 Posted: 07 Jun 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
Boston University - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Board - Division of Monetary Affairs
Downloads 25 (496,384)

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

FEDS Working Paper No. 2014-03
Number of pages: 38 Posted: 05 Feb 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
Boston University - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Board - Division of Monetary Affairs
Downloads 16 (552,454)

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

NBER Working Paper No. w20094
Number of pages: 37 Posted: 06 May 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
Boston University - Department of Economics, Board of Governors of the Federal Reserve System and Federal Reserve Board - Division of Monetary Affairs
Downloads 4 (631,897)

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Rule-of-Thumb Consumers and the Design of Interest Rate Rules

CEPR Discussion Paper No. 4347
Number of pages: 42 Posted: 13 May 2004
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 19 (533,460)
Citation 35
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Taylor principle, interest rate rules, sticky prices, rule-of-thumb consumers

26.

Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy

FRB of St. Louis Working Paper No. 2008-035A
Number of pages: 38 Posted: 12 Oct 2008
Andrew T. Levin, David Lopez-Salido, Edward Nelson and Tack Yun
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Board - Division of Monetary Affairs
Downloads 41 (411,183)
Citation 2

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macroeconometric equivalence, alternative microfoundations, Ramsey optimal monetary policy, welfare analysis

27.

Money-Financed Fiscal Programs: A Cautionary Tale

FEDS Working Paper No. 2017-060
Number of pages: 48 Posted: 05 Jun 2017
William B. English, Christopher J. Erceg and David Lopez-Salido
Government of the United States of America - Division of Monetary Affairs, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 40 (415,012)

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DSGE Model, Fiscal policy, Liquidity Trap, Monetary policy, Currency union

Technology Shocks and Monetary Policy: Assessing the Fed's Performance

NBER Working Paper No. w8768
Number of pages: 29 Posted: 07 Feb 2002 Last Revised: 15 Feb 2002
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 21 (520,911)
Citation 61

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Technology Shocks and Monetary Policy: Assessing the Fed's Performance

CEPR Discussion Paper No. 3211
Number of pages: 31 Posted: 14 Mar 2002
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 15 (558,891)
Citation 61
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Optimal monetary policy, monetary targeting, Taylor Rule, Fed behaviour

29.

Some Implications of Uncertainty and Misperception for Monetary Policy

FEDS Working Paper No. 2018-059
Number of pages: 40 Posted: 29 Aug 2018 Last Revised: 21 Feb 2019
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 30 (456,706)

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Stochastic simulation, Mismeasurement, Monetary policy, Policy analysis, Uncertainty

30.

Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

NBER Working Paper No. w11788
Number of pages: 16 Posted: 24 Feb 2006 Last Revised: 18 Sep 2010
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 30 (456,706)
Citation 67

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Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

NBER Working Paper No. w14244
Number of pages: 48 Posted: 18 Aug 2008 Last Revised: 05 Sep 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 14 (565,320)
Citation 15

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Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

National Bank of Belgium Working Paper No. 141
Number of pages: 53 Posted: 02 Oct 2010
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 13 (571,828)
Citation 15

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32.

The Macroeconomic Implications of a Key Currency

NBER Working Paper No. w14242
Number of pages: 51 Posted: 20 Aug 2008 Last Revised: 05 Sep 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 27 (471,443)
Citation 1

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33.

Monetary Policy, Incomplete Information, and the Zero Lower Bound

FEDS Working Paper No. 2015-99
Number of pages: 41 Posted: 06 Nov 2015
Federal Reserve Board - Trade and Financial Studies, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 25 (481,983)

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34.

Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium

CEPR Discussion Paper No. 4336
Number of pages: 54 Posted: 12 May 2004
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 22 (498,494)
Citation 23
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Transmission mechanism, imperfect asset substitution, monetary policy, term structure

Hysteresis Via Endogenous Rigidity in Wages and Participation

FEDS Working Paper No. 2017-044
Number of pages: 43 Posted: 20 Apr 2017 Last Revised: 06 Mar 2019
Cynthia Doniger and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 20 (527,138)

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Kinked Labor Supply, Strategic Complementarity, Hysteresis, Real Rigidity, Jobless and Wageless Recovery, Monopsony

Hysteresis Via Endogenous Rigidity in Wages and Participation

CEPR Discussion Paper No. DP13263
Number of pages: 45 Posted: 22 Oct 2018
Cynthia Doniger and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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hysteresis, Jobless, Kinked Labor Supply, monopsony, Real Rigid- ity, strategic complementarity

36.

Technology Shocks and Job Flows

CEPR Discussion Paper No. 4426
Number of pages: 71 Posted: 06 Jul 2004
Claudio Michelacci and David Lopez-Salido
Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 20 (509,710)
Citation 19
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Search frictions, technological progress, creative destruction

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

FRB Richmond Working Paper No. 08-1
Number of pages: 52 Posted: 11 Dec 2012
Michael U. Krause, Thomas Lubik and David Lopez-Salido
University of Cologne, Federal Reserve Banks - Federal Reserve Bank of Richmond and Board of Governors of the Federal Reserve System
Downloads 15 (558,891)
Citation 11

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Phillips curve, Bayesian estimation, marginal costs, labor market frictions

38.

The Federal Reserve's Framework for Monetary Policy - Recent Changes and New Questions

FEDS Working Paper No. 2013-76
Number of pages: 69 Posted: 31 May 2017
William B. English, David Lopez-Salido and Robert J. Tetlow
Government of the United States of America - Division of Monetary Affairs, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 15 (538,236)

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Individual Price Adjustment Along the Extensive Margin

FRB International Finance Discussion Paper No. 1052
Number of pages: 62 Posted: 18 Sep 2012
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 9 (597,987)
Citation 3

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Inflation, intensive margin, extensive margin

Individual Price Adjustment Along the Extensive Margin

CEPR Discussion Paper No. DP9143
Number of pages: 59 Posted: 28 Sep 2012
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 2 (650,989)
Citation 3
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extensive margin, inflation, intensive margin

40.

Patterns of Convergence and Divergence in the Euro Area

NBER Working Paper No. w19561
Number of pages: 39 Posted: 25 Oct 2013
Ángel Estrada, Jordi Galí and David Lopez-Salido
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
Downloads 13 (549,858)

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41.

The Federal Reserves Large-Scale Asset Purchase Programs: Rationale and Effects

CEPR Discussion Paper No. DP9145
Number of pages: 60 Posted: 28 Sep 2012
Board of Governors of the Federal Reserve System, Government of the United States of America - Division of Monetary Affairs, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 12 (555,758)
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CUSIP-level data, history of unconventional monetary policy, large-scale asset purchases, monetary transmission mechanism

42.

Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound

CEPR Discussion Paper No. DP7581
Number of pages: 52 Posted: 11 Jan 2010
Andrew T. Levin, David Lopez-Salido, Edward Nelson and Tack Yun
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Board - Division of Monetary Affairs
Downloads 9 (573,484)
Citation 8
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Forward Guidance, Optimal Policy under Commitment, Zero Lower Bound

43.

The Cyclicality of Sales, Regular and Effective Prices: Comment

FEDS Working Paper No. 2015-052, http://dx.doi.org/10.17016/FEDS.2015.052
Number of pages: 26 Posted: 02 Aug 2015
Etienne Gagnon, David Lopez-Salido and Jason Sockin
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 7 (585,425)

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effective prices, inflation measurement, outlet substitution bias

44.

Money in an Estimated Business Cycle Model of the Euro Area

Economic Journal, Vol. 116, No. 511, pp. 457-477, April 2006
Number of pages: 21 Posted: 08 May 2006
Javier Andrés, David Lopez-Salido and Javier Vallés
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 6 (591,630)
Citation 24
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45.

The Money View Versus the Credit View

CEPR Discussion Paper No. DP12982
Number of pages: 35 Posted: 11 Jun 2018
David Lopez-Salido, Sarah S. Baker and Edward Nelson
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 (604,232)
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credit view, Financial crises, money view, Recessions

46.

The Labour Market Effects of Technology Shocks

CEPR Discussion Paper No. DP6365
Number of pages: 64 Posted: 23 May 2008
Fabio Canova, David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
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Citation 5
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Creative destruction, Search frictions, technological progress

47.

Patterns of Convergence and Divergence in the Euro Area

CEPR Discussion Paper No. DP9685
Number of pages: 41 Posted: 16 Oct 2013
Ángel Estrada, Jordi Galí and David Lopez-Salido
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
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competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices

48.

International Competition and Inflation: A New Keynesian Perspective

CEPR Discussion Paper No. DP7561
Number of pages: 46 Posted: 11 Jan 2010
Luca Guerrieri, Christopher J. Gust and David Lopez-Salido
Federal Reserve Board - Trade and Financial Studies, Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
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Citation 6
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inflation, New Keynesian Phillips curve, variable markups

49.

Monetary Policy, Velocity, and the Equity Premium

CEPR Discussion Paper No. DP7388
Number of pages: 43 Posted: 08 Sep 2009
Christopher J. Gust and David Lopez-Salido
Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
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Citation 3
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equity premium, monetary policy, velocity

50.

The Ins and Outs of Unemployment: An Analysis Conditional on Technology Shocks

The Economic Journal, Vol. 123, Issue 569, pp. 515-539, 2013
Number of pages: 25 Posted: 08 Jun 2013
Fabio Canova, David Lopez-Salido and Claudio Michelacci
Universitat Pompeu Fabra - Department of Economics and Business (DEB), Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
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51.

Short- and Long-Run Phillips Trade-Offs and the Cost of Disinflationary Policies

CEPR Discussion Paper Series #1483
Posted: 05 May 1997
Juan Luis Vega-Croissier, Juan Jose Dolado and David Lopez-Salido
Europaische Zentralbank, Universidad Carlos III de Madrid - Department of Economics and Board of Governors of the Federal Reserve System

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