Fernando Alvarez

University of Chicago - Department of Economics

Professor

1126 East 59th Street

Social Science Building, Room 442

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Chicago - Department of Economics

    • Email
    • Tel: 773-702-4412
    • Fax: 773-702-8490
SCHOLARLY PAPERS

44

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506

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704

Scholarly Papers (44)

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1.

A Simple Planning Problem for COVID-19 Lockdown

Downloads 524 ( 75,626)
Citation 71

A Simple Planning Problem for COVID-19 Lockdown

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-34
Number of pages: 31 Posted: 07 Apr 2020
Fernando Alvarez, David Argente and Francesco Lippi
University of Chicago - Department of Economics, Pennsylvania State University and University of Sassari
Downloads 500 (79,342)
Citation 10

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A Simple Planning Problem for Covid-19 Lockdown

NBER Working Paper No. w26981
Number of pages: 35 Posted: 13 Apr 2020 Last Revised: 23 Mar 2022
Fernando Alvarez, David Argente and Francesco Lippi
University of Chicago - Department of Economics, Pennsylvania State University and Einaudi Institute for Economics and Finance (EIEF)
Downloads 21 (715,694)
Citation 2

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A Simple Planning Problem for COVID-19 Lockdown

CEPR Discussion Paper No. DP14658
Number of pages: 26 Posted: 08 May 2020
Fernando Alvarez, David Argente and Francesco Lippi
University of Chicago - Department of Economics, Pennsylvania State University and LUISS university
Downloads 3 (898,760)
Citation 72
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Dynamic programming, epidemic control, lockdown, Quarantine

2.

Financial Innovation and the Transactions Demand for Cash

Downloads 205 (206,728)
Citation 59

Financial Innovation and the Transactions Demand for Cash

Econometrica, Forthcoming
Number of pages: 41 Posted: 18 Dec 2008
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 140 (286,082)

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money demand, technological progress, inventory models

Financial Innovation and the Transactions Demand for Cash

NBER Working Paper No. w13416
Number of pages: 50 Posted: 21 Sep 2007 Last Revised: 28 Feb 2021
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 60 (490,241)
Citation 6

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Financial Innovation and the Transactions Demand for Cash

CEPR Discussion Paper No. DP6472
Number of pages: 49 Posted: 30 May 2008
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 5 (873,645)
Citation 4
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inventory models, money demand, technological progress

3.

Are Cryptocurrencies Currencies? Bitcoin as Legal Tender in El Salvador

Downloads 190 (221,277)

Are Cryptocurrencies Currencies? Bitcoin as Legal Tender in El Salvador

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-54
Number of pages: 50 Posted: 27 Apr 2022
Fernando Alvarez, David Argente and Diana Van Patten
University of Chicago - Department of Economics, Pennsylvania State University and Yale University
Downloads 180 (231,937)

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Are Cryptocurrencies Currencies? Bitcoin as Legal Tender in El Salvador

NBER Working Paper No. w29968
Number of pages: 49 Posted: 25 Apr 2022 Last Revised: 21 May 2022
Fernando Alvarez, David Argente and Diana Van Patten
University of Chicago - Department of Economics, Pennsylvania State University and Yale University
Downloads 10 (819,140)
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4.

Fixed Term Employment Contracts in an Equilibrium Search Model

Downloads 124 (312,444)
Citation 3

Fixed Term Employment Contracts in an Equilibrium Search Model

Federal Reserve Bank of Chicago Working Paper No. 2005-14
Number of pages: 81 Posted: 13 Dec 2005
Fernando Alvarez and Marcelo Veracierto
University of Chicago - Department of Economics and Federal Reserve Bank of Chicago - Research Department
Downloads 99 (367,439)
Citation 1

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fixed term contracts, temporary contracts, severance payments

Fixed-Term Employment Contracts in an Equilibrium Search Model

NBER Working Paper No. w12791
Number of pages: 73 Posted: 24 Dec 2006 Last Revised: 15 Jun 2022
Fernando Alvarez and Marcelo Veracierto
University of Chicago - Department of Economics and Federal Reserve Bank of Chicago - Research Department
Downloads 25 (682,882)

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5.

Cash-Management in Times of COVID-19

Number of pages: 40 Posted: 08 Jun 2021
Fernando Alvarez and David Argente
University of Chicago - Department of Economics and Pennsylvania State University
Downloads 99 (364,637)

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COVID-19, Cash, Means of Payments

6.

Consumer Surplus of Alternative Payment Methods: Paying Uber with Cash

Downloads 98 (367,065)
Citation 2

Consumer Surplus of Alternative Payment Methods: Paying Uber with Cash

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-96
Number of pages: 48 Posted: 02 Oct 2019 Last Revised: 02 Dec 2020
Fernando Alvarez and David Argente
University of Chicago - Department of Economics and Pennsylvania State University
Downloads 90 (390,573)
Citation 2

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Cash, Credit, Money Demand, Consumer Surplus, Means of Payments

Consumer Surplus of Alternative Payment Methods: Paying Uber with Cash

NBER Working Paper No. w28133
Number of pages: 47 Posted: 01 Dec 2020 Last Revised: 18 Nov 2021
Fernando Alvarez and David Argente
University of Chicago - Department of Economics and Pennsylvania State University
Downloads 8 (840,400)
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7.

Models of Idea Flows

NBER Working Paper No. w14135
Number of pages: 14 Posted: 30 Jun 2008 Last Revised: 14 Feb 2022
Fernando Alvarez, Francisco J. Buera and Robert E. Lucas
University of Chicago - Department of Economics, Washington University in St. Louis and University of Chicago - Department of Economics
Downloads 78 (421,249)

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8.

General Equilibrium Analysis of the Eaton-Kortum Model of International Trade

NBER Working Paper No. w11764
Number of pages: 74 Posted: 08 Feb 2006 Last Revised: 23 Feb 2022
Fernando Alvarez and Robert E. Lucas
University of Chicago - Department of Economics and University of Chicago - Department of Economics
Downloads 76 (427,552)
Citation 27

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9.

Search and Rest Unemployment

NBER Working Paper No. w13772
Number of pages: 53 Posted: 08 Feb 2008 Last Revised: 18 Feb 2022
Fernando Alvarez and Robert Shimer
University of Chicago - Department of Economics and University of Chicago - Department of Economics
Downloads 62 (475,386)
Citation 3

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10.

Price Setting with Menu Cost for Multi-Product Firms

Downloads 53 (511,160)
Citation 46

Price Setting with Menu Cost for Multi-Product Firms

Number of pages: 65 Posted: 25 Feb 2012
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 42 (573,724)

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menu cost, economies of scope in price changes, optimal control in multiple dimensions, fixed costs, quasi-variational inequalities, monetary shocks, impulse responses

Price Setting with Menu Cost for Multi-Product Firms

NBER Working Paper No. w17923
Number of pages: 66 Posted: 25 Mar 2012 Last Revised: 23 Jun 2022
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 11 (808,875)
Citation 9

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Price Setting with Menu Cost for Multi-Product Firms

CEPR Discussion Paper No. DP8863
Number of pages: 68 Posted: 01 Mar 2012
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
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Citation 21
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economies of scope in price changes, fixed costs, impulse responses, menu cost, monetary shocks, optimal control in multiple dimensions, quasi-variational inequalities

11.

Asset Pricing When Risk Sharing is Limited by Default

NBER Working Paper No. w6476
Number of pages: 77 Posted: 15 Jul 2000 Last Revised: 14 Mar 2021
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department
Downloads 50 (524,283)

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12.

On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand

NBER Working Paper No. w10016
Number of pages: 47 Posted: 10 Oct 2003 Last Revised: 16 May 2021
Fernando Alvarez, Andrew Atkeson and Chris Edmond
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and New York University
Downloads 47 (537,729)

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13.

The Size of the Permanent Component of Asset Pricing Kernels

NBER Working Paper No. w8360
Number of pages: 61 Posted: 28 Jun 2001 Last Revised: 07 May 2022
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department
Downloads 45 (547,268)

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14.

The Analytic Theory of a Monetary Shock

Downloads 44 (552,092)

The Analytic Theory of a Monetary Shock

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-21
Number of pages: 37 Posted: 16 Feb 2021
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 43 (568,387)

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The Analytic Theory of a Monetary Shock

NBER Working Paper No. w28464
Number of pages: 36 Posted: 15 Feb 2021 Last Revised: 18 Nov 2021
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Einaudi Institute for Economics and Finance (EIEF)
Downloads 1 (930,046)
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15.

Quantitative Asset Pricing Implications of Endogenous Solvency Constraints

Downloads 42 (562,072)

Quantitative Asset Pricing Implications of Endogenous Solvency Constraints

NBER Working Paper No. w6953
Number of pages: 71 Posted: 08 Mar 1999 Last Revised: 03 Jul 2022
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department
Downloads 42 (573,724)

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Quantitative Asset Pricing Implications of Endogenous Solvency Constraints

Posted: 19 Sep 2001
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department

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16.

Idea Flows, Economic Growth, and Trade

NBER Working Paper No. w19667
Number of pages: 54 Posted: 23 Nov 2013 Last Revised: 28 Mar 2022
Fernando Alvarez, Francisco J. Buera and Robert E. Lucas
University of Chicago - Department of Economics, Washington University in St. Louis and University of Chicago - Department of Economics
Downloads 40 (572,267)
Citation 17

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17.

Using Asset Prices to Measure the Cost of Business Cycles

Downloads 40 (572,267)
Citation 14

Using Asset Prices to Measure the Cost of Business Cycles

NBER Working Paper No. w7978
Number of pages: 68 Posted: 22 Oct 2000 Last Revised: 21 Apr 2022
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department
Downloads 40 (584,652)
Citation 14

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Using Asset Prices to Measure the Cost of Business Cycles

Posted: 02 Nov 2004
Fernando Alvarez and Urban J. Jermann
University of Chicago - Department of Economics and University of Pennsylvania - Finance Department

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18.

Cash Burns: An Inventory Model with a Cash-Credit Choice

Downloads 36 (593,747)
Citation 12

Cash Burns: An Inventory Model with a Cash-Credit Choice

Becker Friedman Institute for Research in Economics Working Paper No. 2017-06
Number of pages: 47 Posted: 07 Apr 2017
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 28 (660,196)

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Cash Burns: An Inventory Model with a Cash-Credit Choice

NBER Working Paper No. w21110
Number of pages: 42 Posted: 20 Apr 2015 Last Revised: 07 Mar 2022
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 8 (840,400)
Citation 10

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19.

Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model

NBER Working Paper No. w5678
Number of pages: 38 Posted: 21 Oct 1996 Last Revised: 09 Jul 2022
Fernando Alvarez and Andrew Atkeson
University of Chicago - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 35 (599,388)
Citation 1

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20.

Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets

Downloads 34 (605,089)

Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets

NBER Working Paper No. w7871
Number of pages: 40 Posted: 01 Sep 2000 Last Revised: 06 Jul 2022
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Minneapolis - Research Department
Downloads 34 (619,707)

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Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets

Posted: 10 Jun 2002
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Minneapolis - Research Department

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21.

On the Effects of the Availability of Means of Payments: The Case of Uber

Downloads 30 (629,464)

On the Effects of the Availability of Means of Payments: The Case of Uber

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-173
Number of pages: 45 Posted: 03 Dec 2020
Fernando Alvarez and David Argente
University of Chicago - Department of Economics and Pennsylvania State University
Downloads 24 (690,843)

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On the Effects of the Availability of Means of Payments: The Case of Uber

NBER Working Paper No. w28145
Number of pages: 44 Posted: 01 Dec 2020 Last Revised: 22 Jul 2022
Fernando Alvarez and David Argente
University of Chicago - Department of Economics and Pennsylvania State University
Downloads 6 (862,371)

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22.

Mandatory Disclosure and Financial Contagion

NBER Working Paper No. w21328
Number of pages: 50 Posted: 13 Jul 2015 Last Revised: 11 Apr 2022
Fernando Alvarez and Gadi Barlevy
University of Chicago - Department of Economics and Federal Reserve Bank of Chicago
Downloads 28 (642,494)
Citation 5

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23.

The Macroeconomics of Sticky Prices with Generalized Hazard Functions

Downloads 26 (656,286)
Citation 1

The Macroeconomics of Sticky Prices with Generalized Hazard Functions

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-90
Number of pages: 49 Posted: 07 Jul 2020
Fernando Alvarez, Francesco Lippi and Aleksei Oskolkov
University of Chicago - Department of Economics, Einaudi Institute for Economics and Finance (EIEF) and University of Chicago
Downloads 23 (698,891)
Citation 1

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The Macroeconomics of Sticky Prices with Generalized Hazard Functions

NBER Working Paper No. w27434
Number of pages: 49 Posted: 29 Jun 2020 Last Revised: 18 Jun 2022
Fernando Alvarez, Francesco Lippi and Aleksei Oskolkov
University of Chicago - Department of Economics, Einaudi Institute for Economics and Finance (EIEF) and University of Chicago
Downloads 3 (898,760)

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24.

Optimal Price Setting with Observation and Menu Costs

Downloads 26 (656,286)
Citation 68

Optimal Price Setting with Observation and Menu Costs

NBER Working Paper No. w15852
Number of pages: 82 Posted: 29 Mar 2010 Last Revised: 25 Apr 2022
Fernando Alvarez, Francesco Lippi and Luigi Paciello
University of Chicago - Department of Economics, Università degli Studi di Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 23 (698,891)

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Optimal Price Setting with Observation and Menu Costs

CEPR Discussion Paper No. DP7861
Number of pages: 37 Posted: 19 Jul 2010
Fernando Alvarez, Francesco Lippi and Luigi Paciello
University of Chicago - Department of Economics, University of Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 3 (898,760)
Citation 13
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menu cost, observation costs, sticky prices

25.

Money and Interest Rates with Endogeneously Segmented Markets

Downloads 26 (656,286)
Citation 3

Money and Interest Rates with Endogeneously Segmented Markets

NBER Working Paper No. w7060
Number of pages: 38 Posted: 09 Jun 1999 Last Revised: 18 Apr 2021
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Minneapolis - Research Department
Downloads 26 (675,142)
Citation 3

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Money and Interest Rates with Endogeneously Segmented Markets

Posted: 17 Aug 2008
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Minneapolis - Research Department

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Liquidity Effects, Yield Curve, Term Structure of Interest Rates

26.

Empirical Investigation of a Sufficient Statistic for Monetary Shocks

Banque de France Working Paper No. 839
Number of pages: 94 Posted: 25 Oct 2021
Fernando Alvarez, Andrea Ferrara, Erwan Gautier, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, affiliation not provided to SSRN, Banque de France - Centre de Recherche, Banque de France - Centre de Recherche and LUISS university
Downloads 24 (670,789)

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Impulse Response Function, Monetary Shocks, Sticky Prices, Sufficient Statistic

27.

Durable Consumption and Asset Management with Transaction and Observation Costs

Downloads 21 (693,717)
Citation 52

Durable Consumption and Asset Management with Transaction and Observation Costs

NBER Working Paper No. w15835
Number of pages: 59 Posted: 22 Mar 2010 Last Revised: 09 Apr 2022
Fernando Alvarez, Luigi Guiso, Luigi Guiso and Francesco Lippi
University of Chicago - Department of Economics, Einaudi Institute for Economics and FinanceEinaudi Institute for Economics and Finance (EIEF) and Università degli Studi di Sassari
Downloads 19 (732,754)

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Durable Consumption and Asset Management with Transaction and Observation Costs

CEPR Discussion Paper No. DP7702
Number of pages: 61 Posted: 01 Mar 2010
Fernando Alvarez, Luigi Guiso, Luigi Guiso and Francesco Lippi
University of Chicago - Department of Economics, Einaudi Institute for Economics and FinanceEinaudi Institute for Economics and Finance (EIEF) and University of Sassari
Downloads 2 (913,434)
Citation 21
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attention costs, durable goods, household finance, liquidity choice

28.

Small and Large Price Changes and the Propagation of Monetary Shocks

Downloads 19 (709,370)
Citation 2

Small and Large Price Changes and the Propagation of Monetary Shocks

Number of pages: 104 Posted: 20 Jun 2014
Fernando Alvarez, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, Banque de France - Centre de Recherche and University of Sassari
Downloads 15 (769,168)

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price setting, micro evidence, size-distribution of price changes, kurtosis of price changes, menu-cost, Calvo pricing rule, output response to monetary shocks

Small and Large Price Changes and the Propagation of Monetary Shocks

NBER Working Paper No. w20155
Number of pages: 49 Posted: 26 May 2014 Last Revised: 29 Jul 2022
Fernando Alvarez, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, Banque de France - Centre de Recherche and Università degli Studi di Sassari
Downloads 4 (885,825)

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Small and Large Price Changes and the Propagation of Monetary Shocks

CEPR Discussion Paper No. DP9770
Number of pages: 75 Posted: 02 Dec 2013
Fernando Alvarez, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, Banque de France - Centre de Recherche and University of Sassari
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Calvo pricing rule, distribution of price changes, menu cost, micro evidence, monetary shocks, rice setting

29.

Persistent Liquidity Effects and Long Run Money Demand

Downloads 17 (725,800)
Citation 9

Persistent Liquidity Effects and Long Run Money Demand

NBER Working Paper No. w17566
Number of pages: 62 Posted: 04 Nov 2011 Last Revised: 03 Jul 2022
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 15 (769,168)
Citation 1

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Persistent Liquidity Effects and Long Run Money Demand

CEPR Discussion Paper No. DP8650
Number of pages: 63 Posted: 24 Nov 2011
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 2 (913,434)
Citation 2
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money demand

30.

Empirical Investigation of a Sufficient Statistic for Monetary Shocks

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-140
Number of pages: 52 Posted: 24 Nov 2021
Fernando Alvarez, Andrea Ferrara, Erwan Gautier, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, Northwestern University, Banque de France - Centre de Recherche, Banque de France - Centre de Recherche and LUISS university
Downloads 14 (751,856)

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31.

Decomposing Duration Dependence in a Stopping Time Model

NBER Working Paper No. w22188
Number of pages: 72 Posted: 25 Apr 2016 Last Revised: 16 Feb 2022
Fernando Alvarez, Katarína Borovičková and Robert Shimer
University of Chicago - Department of Economics, New York University (NYU) - Department of Economics and University of Chicago - Department of Economics
Downloads 14 (751,856)
Citation 1

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32.

Monetary Shocks in Models with Inattentive Producers

NBER Working Paper No. w20817
Number of pages: 57 Posted: 05 Jan 2015 Last Revised: 20 May 2022
Fernando Alvarez, Francesco Lippi and Luigi Paciello
University of Chicago - Department of Economics, Università degli Studi di Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 13 (761,027)
Citation 5

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33.

Consistent Evidence on Duration Dependence of Price Changes

Downloads 11 (779,730)

Consistent Evidence on Duration Dependence of Price Changes

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-91
Number of pages: 75 Posted: 30 Jul 2021
Fernando Alvarez, Katarína Borovičková and Robert Shimer
University of Chicago - Department of Economics, New York University (NYU) - Department of Economics and University of Chicago - Department of Economics
Downloads 9 (829,546)

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Consistent Evidence on Duration Dependence of Price Changes

NBER Working Paper No. w29112
Number of pages: 75 Posted: 02 Aug 2021 Last Revised: 18 Jul 2022
Fernando Alvarez, Katarína Borovičková and Robert Shimer
University of Chicago - Department of Economics, New York University (NYU) - Department of Economics and University of Chicago - Department of Economics
Downloads 2 (913,434)
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Consistent Evidence on Duration Dependence of Price Changes

CEPR Discussion Paper No. DP16404
Number of pages: 77 Posted: 22 Sep 2021
Fernando Alvarez, Katarína Borovicková and Robert Shimer
University of Chicago - Department of Economics, New York University (NYU) - New York University and University of Chicago - Department of Economics
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baseline hazard, GMM, Mixed proportional hazard, nominal rigidities, sticky prices, Unobserved heterogeneity

34.

The Demand of Liquid Assets with Uncertain Lumpy Expenditures

NBER Working Paper No. w18152
Number of pages: 69 Posted: 16 Jun 2012 Last Revised: 06 Feb 2022
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and Università degli Studi di Sassari
Downloads 9 (799,046)
Citation 1

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35.

Price Setting with Strategic Complementarities as a Mean Field Game

Downloads 7 (819,279)

Price Setting with Strategic Complementarities as a Mean Field Game

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-90
Number of pages: 92 Posted: 07 Jul 2022
Fernando Alvarez, Francesco Lippi and Panagiotis Souganidis
University of Chicago - Department of Economics, Einaudi Institute for Economics and Finance (EIEF) and University of Chicago
Downloads 5 (873,645)

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Price Setting with Strategic Complementarities as a Mean Field Game

NBER Working Paper No. w30193
Number of pages: 91 Posted: 04 Jul 2022 Last Revised: 09 Jul 2022
Fernando Alvarez, Francesco Lippi and Panagiotis Souganidis
University of Chicago - Department of Economics, Einaudi Institute for Economics and Finance (EIEF) and University of Chicago
Downloads 2 (913,434)
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36.

Empirical Investigation of a Sufficient Statistic for Monetary Shocks

NBER Working Paper No. w29490
Number of pages: 51 Posted: 23 Nov 2021 Last Revised: 31 Jul 2022
Fernando Alvarez, Andrea Ferrara, Erwan Gautier, Hervé le Bihan and Francesco Lippi
University of Chicago - Department of Economics, Northwestern University, Banque de France - Centre de Recherche, Banque de France - Centre de Recherche and Einaudi Institute for Economics and Finance (EIEF)
Downloads 5 (839,968)
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37.

Are State and Time Dependent Models Really Different?

NBER Working Paper No. w22361
Number of pages: 74 Posted: 20 Jun 2016 Last Revised: 06 Feb 2022
Fernando Alvarez, Francesco Lippi and Juan Passadore
University of Chicago - Department of Economics, Università degli Studi di Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 5 (839,968)
Citation 3

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38.

Monetary Shocks in a Model with Inattentive Producers

CEPR Discussion Paper No. DP9228
Number of pages: 56 Posted: 01 Feb 2013
Fernando Alvarez, Francesco Lippi and Luigi Paciello
University of Chicago - Department of Economics, University of Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 3 (862,736)
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impulse responses., inattentiveness, monetary shocks, observation costs

39.

Monetary Shocks with Observation and Menu Costs

CEPR Discussion Paper No. DP9488
Number of pages: 62 Posted: 30 May 2013
Fernando Alvarez, Francesco Lippi and Luigi Paciello
University of Chicago - Department of Economics, University of Sassari and Einaudi Institute for Economics and Finance (EIEF)
Downloads 1 (890,016)
Citation 2
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impulse responses, inattentiveness, monetary shocks, sticky prices

40.

Quantitative effects of temporary employment contracts in Spain

Economic Perspectives, No. 1, 2022
Number of pages: 17 Posted: 18 Jul 2022
Fernando Alvarez and Marcelo Veracierto
University of Chicago - Department of Economics and Federal Reserve Bank of Chicago - Research Department
Downloads 0 (906,676)

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temporary contracts, fixed-term contracts, firing costs, search, unemployment, Job, Occupational, and Intergenerational Mobility, Turnover, Vacancies, Layoffs, Unemployment: Models, Duration, Incidence, and Job Search, Unemployment Insurance, Severance Pay, Plant Closings, Public Policy

41.

Temporary Price Changes, Inflation Regimes and the Propagation of Monetary Shocks

CEPR Discussion Paper No. DP12638
Number of pages: 82 Posted: 29 Jan 2018
Fernando Alvarez and Francesco Lippi
University of Chicago - Department of Economics and University of Sassari
Downloads 0 (906,676)
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menu cost models, price flexibility, price plans, reference prices, sticky prices, temporary price changes

42.

Sluggish Responses of Prices and Inflation to Monetary Shocks in an Inventory Model of Money Demand

Posted: 26 Nov 2008
Fernando Alvarez, Andrew Atkeson and Chris Edmond
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and New York University

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money, prices, velocity, interest rates, inflation, asset markets, segmentation

43.

Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium

Posted: 25 Jul 2008
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe
University of Chicago - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Minneapolis - Research Department

Abstract:

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Forward Premium Anomaly, Fama Puzzle, Time-Varying Conditional Variances, Asset Pricing-Puzzle, Segmented Markets, Pricing Kernel

44.

Reducing Inflation in Argentina: Mission Impossible?

Posted: 27 Dec 2005
Fernando Alvarez and Stephen P. Zeldes
University of Chicago - Department of Economics and Columbia University - Columbia Business School, Finance

Abstract:

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Argentina, inflation, hyperinflation, currency board, budget deficits, financial crisis, exchange rate