Karel Mertens

FRB Dallas

senior economic policy advisor

2200 North Pearl Street

PO Box 655906

Dallas, TX 75265-5906

United States

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street

PO Box 655906

Dallas, TX 75265-5906

United States

SCHOLARLY PAPERS

26

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Top 9,653

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7,030

SSRN CITATIONS
Rank 1,804

SSRN RANKINGS

Top 1,804

in Total Papers Citations

320

CROSSREF CITATIONS

388

Scholarly Papers (26)

1.

Work from Home Before and After the COVID-19 Outbreak

Number of pages: 71 Posted: 17 Feb 2021
Alexander Bick, Adam Blandin, Karel Mertens and Karel Mertens
Arizona State University (ASU) - Economics Department, Virginia Commonwealth University (VCU) - School of Business and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 2,959 (6,050)
Citation 28

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working from home, telecommuting, telework, remote work, COVID-19, pandemic

2.
Downloads 2,726 ( 6,871)
Citation 4

Work from Home Before and after the Covid-19 Outbreak

FRB of Dallas Working Paper No. 2017
Number of pages: 72 Posted: 30 Jun 2020 Last Revised: 28 Aug 2021
Alexander Bick, Adam Blandin, Karel Mertens and Karel Mertens
Arizona State University (ASU) - Economics Department, Virginia Commonwealth University (VCU) - School of Business and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 2,710 (6,818)
Citation 1

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work from home, telecommuting, telework, remote work, COVID-19, pandemic

Work from Home Before and after the Covid-19 Outbreak

CEPR Discussion Paper No. DP15000
Number of pages: 43 Posted: 28 Jul 2020 Last Revised: 27 May 2022
Alexander Bick, Adam Blandin, Karel Mertens and Karel Mertens
Arizona State University (ASU) - Economics Department, Virginia Commonwealth University (VCU) - School of Business and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 16 (760,430)
Citation 3
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3.

The Near Term Growth Impact of the Tax Cuts and Jobs Act

FRB of Dallas Working Paper No. 1803
Number of pages: 16 Posted: 27 Jul 2018 Last Revised: 29 Apr 2020
Karel Mertens and Karel Mertens
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 475 (85,283)

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Fiscal policy, Taxation, Tax Cuts and Jobs Act

4.

Distributional Considerations for Monetary Policy Strategy

FEDS Working Paper No. 2020-73
Number of pages: 27 Posted: 02 Sep 2020
Laura Feiveson, Nils Gornemann, Julie L. Hotchkiss, Karel Mertens, Karel Mertens and Jae Sim
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Atlanta, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 160 (256,380)
Citation 1

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Heterogeneous agent New Keynesian models, Representative agent New Keynesian model, Effective lower bound, Inequality, Hand to mouth, Average inflation targeting, price-level targeting

Measuring Real Activity Using a Weekly Economic Index

FRB of New York Staff Report No. 920, April 2020
Number of pages: 25 Posted: 14 Apr 2020 Last Revised: 14 Sep 2020
Daniel J. Lewis, Karel Mertens, Karel Mertens, James H. Stock and Mihir Trivedi
Federal Reserve Banks - Federal Reserve Bank of New York, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas, Harvard University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 126 (310,336)
Citation 6

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weekly economic index, high frequency, measurement of economic activity, forecasting

U.S. Economic Activity During the Early Weeks of the Sars-Cov-2 Outbreak

NBER Working Paper No. w26954
Number of pages: 16 Posted: 13 Apr 2020 Last Revised: 24 Feb 2022
Daniel J. Lewis, Karel Mertens, Karel Mertens and James H. Stock
Federal Reserve Banks - Federal Reserve Bank of New York, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and Harvard University - Department of Economics
Downloads 11 (809,705)
Citation 4

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Do Monetary Policy Announcements Shift Household Expectations?

FRB of New York Staff Report No. 897, September 2019
Number of pages: 67 Posted: 09 Sep 2019 Last Revised: 22 Jan 2020
Daniel J. Lewis, Christos Makridis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York, Stanford University and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 102 (360,502)
Citation 6

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monetary policy shocks, central bank communication, information rigidities, consumer confidence, high-frequency identification

Do Monetary Policy Announcements Shift Household Expectations?

CEPR Discussion Paper No. DP14360
Number of pages: 69 Posted: 11 Feb 2020
Karel Mertens, Karel Mertens, Daniel J. Lewis and Christos Makridis
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of New York and Stanford University
Downloads 2 (914,864)
Citation 1
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central bank communication, consumer con dence, high frequency identi cation, informational rigidities, monetary policy shocks

7.

Mobility and Engagement Following the SARS-Cov-2 Outbreak

FRB of Dallas Working Paper No. 2014
Number of pages: 21 Posted: 23 May 2020
affiliation not provided to SSRN, affiliation not provided to SSRN, Federal Reserve Bank of Dallas, affiliation not provided to SSRN, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 94 (377,079)
Citation 1

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Social Distancing Index, Location Data, COVID-19, SARS-Cov-2, Social Distancing and Economic Activity

8.

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford

FRB of Dallas Working Paper No. 1805
Number of pages: 18 Posted: 15 Jun 2018 Last Revised: 29 Apr 2020
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and University College London
Downloads 88 (392,771)
Citation 119

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Fiscal Policy, structural vector autoregressions, tax shocks

9.

Do Monetary Policy Announcements Shift Household Expectations?

FRB of Dallas Working Paper No. 1906
Number of pages: 67 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Daniel J. Lewis, Christos Makridis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York, Stanford University and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 52 (515,803)

Abstract:

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Monetary policy shocks, central bank communications, information rigidities, consumer confidence, high frequency identification

10.

High Frequency Data and a Weekly Economic Index during the Pandemic

FRB of New York Staff Report No. 954
Number of pages: 9 Posted: 23 Dec 2020
Daniel J. Lewis, Karel Mertens, Karel Mertens, James H. Stock and Mihir Trivedi
Federal Reserve Banks - Federal Reserve Bank of New York, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas, Harvard University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 48 (533,657)
Citation 1

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weekly economic index, high frequency, measurement of economic activity, forecasting _________________

11.

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks

National Bank of Belgium Working Paper No. 181
Number of pages: 60 Posted: 24 Sep 2010 Last Revised: 27 Sep 2010
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 34 (605,592)
Citation 67

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policy shocks, tax liabilities, anticipation effects, business cycles

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks

NBER Working Paper No. w16289
Number of pages: 52 Posted: 24 Aug 2010 Last Revised: 06 Jul 2022
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 28 (660,743)

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Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks

CEPR Discussion Paper No. DP7370
Number of pages: 53 Posted: 26 Aug 2009
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 2 (914,864)
Citation 1
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anticipation effects, business cycles, fiscal policy, tax liabilities

13.

Measuring Real Activity Using a Weekly Economic Index

FRB of Dallas Working Paper No. 2011
Number of pages: 31 Posted: 29 Apr 2020 Last Revised: 08 May 2020
Daniel J. Lewis, Karel Mertens, Karel Mertens and James H. Stock
Federal Reserve Banks - Federal Reserve Bank of New York, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and affiliation not provided to SSRN
Downloads 22 (686,664)
Citation 3

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Marginal Tax Rates and Income: New Time Series Evidence

NBER Working Paper No. w19171
Number of pages: 81 Posted: 29 Jun 2013 Last Revised: 21 May 2022
Karel Mertens, Karel Mertens and Jose Montiel Olea
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and New York University (NYU)
Downloads 22 (707,999)
Citation 1

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Marginal Tax Rates and Income: New Time Series Evidence

CEPR Discussion Paper No. DP10896
Number of pages: 69 Posted: 28 Oct 2015
Karel Mertens and Karel Mertens
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
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Citation 10
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Fiscal Policy, Income, Income Distribution, Marginal Tax Rates, Tax Changes

Dynamic Identification Using System Projections and Instrumental Variables

FRB of Dallas Working Paper No. 2204
Number of pages: 54 Posted: 01 Apr 2022
Daniel J. Lewis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 17 (751,347)

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Structural Equations, Instrumental Variables, Impulse Responses, Robust Inferences, Phillips Curve, Inflation Dynamics

Dynamic Identification Using System Projections and Instrumental Variables

CEPR Discussion Paper No. DP17153
Number of pages: 56 Posted: 27 May 2022
Daniel J. Lewis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
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Impulse Responses, inflation dynamics, instrumental variables, Phillips curve, Robust inference, Structural equations

16.

A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies

NBER Working Paper No. w23165
Number of pages: 164 Posted: 13 Feb 2017 Last Revised: 18 Apr 2022
Andrew Fieldhouse, Karel Mertens and Karel Mertens
Cornell University - Department of Economics and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 12 (771,159)
Citation 2

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17.

The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar Us Housing Credit Policy

NBER Working Paper No. w23154
Number of pages: 87 Posted: 13 Feb 2017 Last Revised: 08 Apr 2022
Andrew Fieldhouse, Karel Mertens, Karel Mertens and Morten O. Ravn
Cornell University - Department of Economics, FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and University College London
Downloads 11 (780,555)
Citation 10

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18.

Credit Channels in a Liquidity Trap

CEPR Discussion Paper No. DP8322
Number of pages: 36 Posted: 18 Apr 2011
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and University College London
Downloads 8 (810,113)
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collateral constraint, expectations, housing, leverage, liquidity trap

19.

Fiscal Policy in an Expectations Driven Liquidity Trap

CEPR Discussion Paper No. DP7931
Number of pages: 55 Posted: 26 Jul 2010
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 7 (820,319)
Citation 17
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confidence shocks, fiscal policy, liquidity trap, sunspots

20.

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States

CEPR Discussion Paper No. DP8554
Number of pages: 50 Posted: 16 Sep 2011
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and University College London
Downloads 6 (830,615)
Citation 1
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fiscal policy, measurement error, narrative identification, tax changes

21.

Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach

CEPR Discussion Paper No. DP7423
Number of pages: 46 Posted: 08 Sep 2009
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 5 (841,084)
Citation 3
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anticipation effects, fiscal policy, structural vector autoregressions

A Robust Test for Weak Instruments with Multiple Endogenous Regressors

FRB of Dallas Working Paper No. 2208
Number of pages: 33 Posted: 23 Jun 2022
Daniel J. Lewis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 3 (900,127)

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Instrumental Variables, Weak Instruments Test, Multiple Endogenous Regressors, Heteroskedasticity, Serial Correlation

A Robust Test for Weak Instruments with Multiple Endogenous Regressors

FRB of New York Staff Report No. 1020
Number of pages: 33 Posted: 24 Jun 2022
Daniel J. Lewis, Karel Mertens and Karel Mertens
Federal Reserve Banks - Federal Reserve Bank of New York and FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas
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instrumental variables, weak instruments test, multiple endogenous regressors, heteroskedasticity, serial correlation

23.

Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks

CEPR Discussion Paper No. DP7962
Number of pages: 47 Posted: 24 Aug 2010
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 3 (864,103)
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business cycles, hours worked, tax shocks, technology shocks

24.

The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence

CEPR Discussion Paper No. DP6673
Number of pages: 55 Posted: 09 Jun 2008
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 3 (864,103)
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anticipation effects, fiscal policy, structural estimation, tax liabilities

25.

A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers

CEPR Discussion Paper No. DP8973
Number of pages: 44 Posted: 25 May 2012
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and University College London
Downloads 2 (877,089)
Citation 24
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fiscal policy, measurement error, narrative identification, tax changes, vector autoregressions

26.

Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks

CEPR Discussion Paper No. DP7505
Number of pages: 55 Posted: 17 Nov 2009
Karel Mertens, Karel Mertens and Morten O. Ravn
FRB DallasFederal Reserve Banks - Federal Reserve Bank of Dallas and European University Institute - Economics Department (ECO)
Downloads 2 (877,089)
Citation 7
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anticipation effects, fiscal policy, structural estimation, tax liabilities