David Lopez-Salido

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

25

DOWNLOADS
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1,087

CITATIONS
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SSRN RANKINGS

Top 7,222

in Total Papers Citations

66

Scholarly Papers (25)

1.
Downloads 308 ( 77,399)
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
Bank of Spain and Board of Governors of the Federal Reserve System
Downloads 304 (78,001)
Citation 3

Abstract:

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
Bank of Spain and Board of Governors of the Federal Reserve System
Downloads 4 (533,331)
Citation 3
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Abstract:

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

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 83 (244,072)

Abstract:

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 51 (318,354)

Abstract:

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

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 92 (228,405)

Abstract:

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 (479,291)
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Abstract:

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 13 (485,029)

Abstract:

Business cycles, Credit-market sentiment, Financial stability

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
Federal Reserve Board - Trade and Quantitative Studies, Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 38 (360,634)
Citation 9

Abstract:

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
Christopher J. Erceg, Christopher J. Gust and David Lopez-Salido
Federal Reserve Board - Trade and Quantitative Studies, Federal Reserve Board - Trade and Financial Studies and Board of Governors of the Federal Reserve System
Downloads 13 (485,029)
Citation 9

Abstract:

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 (533,331)
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Abstract:

countercyclical equity premium, monetary policy, portfolio inertia, segmented markets

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 24 (422,521)

Abstract:

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 14 (479,291)

Abstract:

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 (533,331)
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Abstract:

7.

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 Federal Reserve Bank of St. Louis - Research Division
Downloads 39 (327,773)

Abstract:

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

8.

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 39 (313,371)
Citation 1

Abstract:

Limited financial market participation, infrequent portfolio adjustment, equity premium

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 32 (383,890)
Citation 3

Abstract:

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 (533,331)
Citation 3
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Abstract:

Bayesian estimation, DSGE model, zero lower bound

10.

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, Federal Reserve Bank of St. Louis - Research Division and Federal Reserve Board - Division of Monetary Affairs
Downloads 36 (356,649)
Citation 2

Abstract:

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

Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

NBER Working Paper No. w14244
Number of pages: 48 Posted: 18 Aug 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 14 (479,291)
Citation 16

Abstract:

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 11 (496,467)
Citation 16

Abstract:

12.

The Macroeconomic Implications of a Key Currency

NBER Working Paper No. w14242
Number of pages: 51 Posted: 20 Aug 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 21 (410,035)
Citation 1

Abstract:

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 13 (485,029)
Citation 10

Abstract:

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

14.

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
Federal Reserve Board - Advanced Foreign Economies and Board of Governors of the Federal Reserve System
Downloads 15 (386,981)

Abstract:

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

15.

Entropy-Based Affine Approximations of Dynamic Equilibrium Models

Number of pages: 41 Posted: 05 Jul 2015 Last Revised: 30 Mar 2017
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 14 (225,131)

Abstract:

Risk-adjusted linearization, Perturbation methods, Risky steady state, Term structure modeling, Bond and equity yields

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 (485,029)

Abstract:

17.

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 Federal Reserve Bank of St. Louis - Research Division
Downloads 12 (471,107)
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Abstract:

CUSIP-level data, history of unconventional monetary policy, large-scale asset purchases, monetary transmission mechanism

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
Federal Reserve Board - Advanced Foreign Economies, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 7 (518,221)
Citation 3

Abstract:

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
Federal Reserve Board - Advanced Foreign Economies, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 2 (544,741)
Citation 3
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Abstract:

extensive margin, inflation, intensive margin

19.

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, Federal Reserve Bank of St. Louis - Research Division and Federal Reserve Board - Division of Monetary Affairs
Downloads 8 (491,072)
Citation 8
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Abstract:

Forward Guidance, Optimal Policy under Commitment, Zero Lower Bound

20.

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 A. Sockin
Federal Reserve Board - Advanced Foreign Economies, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 6 (500,297)

Abstract:

effective prices, inflation measurement, outlet substitution bias

21.

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
Downloads 2 (518,656)
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Abstract:

competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices

22.

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
Downloads 2 (518,656)
Citation 6
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Abstract:

inflation, New Keynesian Phillips curve, variable markups

23.

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
Downloads 2 (518,656)
Citation 3
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Abstract:

equity premium, monetary policy, velocity

24.

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 0 (430,168)

Abstract:

25.

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)
Downloads 0 (536,806)
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Abstract: