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Price Rigidity and the Origins of Aggregate Fluctuations

Pasten, Ernesto - 2017

We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both...

Persistent link: https://www.econbiz.de/10012948442

Price Rigidity and the Origins of Aggregate Fluctuations

Pasten, Ernesto - 2018

We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both...

Persistent link: https://www.econbiz.de/10012908795

Optimal monetary and fiscal policies in disaggregated economies

Cox, Lydia; Feng, Jiacheng; Müller, Gernot J.; Pasten, … - 2024

Persistent link: https://www.econbiz.de/10015173688

Price rigidity and the origins of aggregate fluctuations

Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2018 - This version: August 2018

We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both...

Persistent link: https://www.econbiz.de/10011891743

Sectoral heterogeneity in nominal price rigidity and the origin of aggregate fluctuations

Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - In: American economic journal 16 (2024) 2, pp. 318-352

Persistent link: https://www.econbiz.de/10014525274

Optimal monetary and fiscal policies in disaggregated economies

Cox, Lydia; Feng, Jiacheng; Müller, Gernot J.; Pasten, … - 2024

Persistent link: https://www.econbiz.de/10015050101

Prudential policies and bailouts - a delicate Interaction

Pasten, Ernesto - 2019

Persistent link: https://www.econbiz.de/10012133808

Prudential policies and bailouts : a delicate interaction

Pasten, Ernesto - In: Review of economic dynamics 38 (2020), pp. 181-197

Persistent link: https://www.econbiz.de/10012653081

Strike while the iron is hot - optimal monetary policy with a nonlinear Phillips curve

Karadi, Peter; Nakov, Anton; Nuño, Galo; Pasten, Ernesto; … - 2024 - This version: September 30, 2024

Persistent link: https://www.econbiz.de/10015173710

Time-consistent bailout plans

Pasten, Ernesto - 2011

Persistent link: https://www.econbiz.de/10009410554

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