Details about Sylvain Leduc

Access statistics for papers by Sylvain Leduc.

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Short-id: ple111

Working Papers

2012

1. Commodity price movements in a general equilibrium model of storage
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
2. Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in 2012 Meeting Papers, Society for Economic Dynamics (2012)
   Working Paper Series, Federal Reserve Bank of San Francisco (2012)
   See also Chapter (2012)
3. Should transportation spending be included in a stimulus program? a review of the literature
   Working Paper Series, Federal Reserve Bank of San Francisco
4. Uncertainty shocks are aggregate demand shocks
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)

2011

5. Central bank announcements of asset purchases and the impact on global financial and commodity markets
   Working Paper Series, Federal Reserve Bank of San Francisco
   See also Journal Article in Journal of International Money and Finance (2012)
6. Should central banks lean against changes in asset prices?
   Working Paper Series, Federal Reserve Bank of San Francisco

2010

7. Entry dynamics and the decline in exchange-rate pass-through
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010)
8. Expectations and economic fluctuations: an analysis using survey data
   Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (1)
9. Optimal monetary policy in open economies
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (2)
   Economics Working Papers, European University Institute (2010) View citations (8)
   See also Chapter (2010)

2009

10. Should Monetary Policy React to Current Account Imbalances?
    2009 Meeting Papers, Society for Economic Dynamics
11. The international dimension of productivity and demand shocks in the U.S. economy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (5)

2008

12. The adjustment of global external balances: does partial exchange rate pass-through to trade prices matter?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article in Journal of International Economics (2009)

2007

13. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
    RSCAS Working Papers, European University Institute
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (10)
    See also Chapter (2007)
14. Productivity and the dollar
    Working Paper Series, Federal Reserve Bank of San Francisco
15. The role of China in Asia: engine, conduit, or steamroller?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (9)

2006

16. Monetary policy, oil shocks, and TFP: accounting for the decline in U.S. volatility
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (20)
    See also Journal Article in Review of Economic Dynamics (2007)
17. Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Economics Working Papers, European University Institute (2006) View citations (23)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (16)
    See also Chapter (2008)
18. Trade Integration, Competiton, and the Decline in Exchange-rate Pass-through
    2006 Meeting Papers, Society for Economic Dynamics
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations (21)
    See also Journal Article in Journal of Monetary Economics (2010)

2005

19. DSGE Models of High Exchange-Rate Volatility and Low Pass-Through
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Economics Working Papers, European University Institute (2005) View citations (13)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (7)
20. Financial market developments and economic activity during current account adjustments in industrial economies
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (24)
21. International risk-sharing and the transmission of productivity shocks
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (23)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (18)
    Working Paper Series, European Central Bank (2004) View citations (55)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (73)
    Economics Working Papers, European University Institute (2003) View citations (13)
22. Pass-Through and Exchange-Rate Fluctuations in a DSGE Model of Price
    2005 Meeting Papers, Society for Economic Dynamics View citations (8)

2004

23. Financial Frictions, Distribution Costs, and Current Account Crises
    2004 Meeting Papers, Society for Economic Dynamics

2002

24. Self-fulfilling expectations and the inflation of the 1970s: evidence from the Livingston Survey
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in Journal of Monetary Economics (2007)
25. Why are business cycles alike across exchange-rate regimes?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

2001

26. A quantitative analysis of oil-price shocks, systematic monetary policy, and economic downturns
    Working Papers, Federal Reserve Bank of Philadelphia View citations (43)
    See also Journal Article in Journal of Monetary Economics (2004)
27. A quantitative welfare analysis of the trade-off between the current regime and macroeconomic stabilization
    Working Papers, Federal Reserve Bank of Philadelphia
28. Why Is the Business-Cycle Behavior of Fundamentals Alike Across Exchange-Rate Regimes?
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (10)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2001) View citations (9)
    See also Journal Article in International Journal of Finance & Economics (2001)

2000

29. Exchange-rate puzzles in a model with arbitrage
    Working Papers, Federal Reserve Bank of Philadelphia
30. Incomplete markets, borrowing constraints, and the foreign exchange risk premium
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in Research in Economics, Santa Fe Institute (1998)
    See also Journal Article in Journal of International Money and Finance (2002)

1999

31. On exchange rate regimes, exchange rate fluctuations, and fundamentals
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)

Journal Articles

2012

1. Central bank announcements of asset purchases and the impact on global financial and commodity markets
   Journal of International Money and Finance, 2012, 31, (8), 2078-2101 View citations (1)
   See also Working Paper (2011)
2. Highway grants: roads to prosperity?
   FRBSF Economic Letter, 2012, (Nov 26)
3. Uncertainty, unemployment, and inflation
   FRBSF Economic Letter, 2012, (Sep 17) View citations (1)

2011

4. Are large-scale asset purchases fueling the rise in commodity prices?
   FRBSF Economic Letter, 2011, (Apr 4) View citations (3)

2010

5. Confidence and the business cycle
   FRBSF Economic Letter, 2010, (Nov 22)
6. Trade integration, competition, and the decline in exchange-rate pass-through
   Journal of Monetary Economics, 2010, 57, (3), 309-324 View citations (19)
   See also Working Paper (2006)

2009

7. Disagreement about the inflation outlook
   FRBSF Economic Letter, 2009, (Oct 5) View citations (3)
8. Fighting downturns with fiscal policy
   FRBSF Economic Letter, 2009, (Jun 19)
9. The adjustment of global external balances: Does partial exchange-rate pass-through to trade prices matter?
   Journal of International Economics, 2009, 79, (2), 173-185 View citations (7)
   See also Working Paper (2008)

2008

10. High exchange-rate volatility and low pass-through
    Journal of Monetary Economics, 2008, 55, (6), 1113-1128 View citations (38)

2007

11. Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility
    Review of Economic Dynamics, 2007, 10, (4), 595-614 View citations (8)
    See also Working Paper (2006)
12. Self-fulfilling expectations and the inflation of the 1970s: Evidence from the Livingston Survey
    Journal of Monetary Economics, 2007, 54, (2), 433-459 View citations (24)
    See also Working Paper (2002)

2006

13. An Assessment of the Disorderly Adjustment Hypothesis for Industrial Economies*
    International Finance, 2006, 9, (1), 37-61 View citations (5)

2005

14. International risk-sharing: globalization is weaker than you think
    Business Review, 2005, (Q2), 18-25

2004

15. A quantitative analysis of oil-price shocks, systematic monetary policy, and economic downturns
    Journal of Monetary Economics, 2004, 51, (4), 781-808 View citations (73)
    See also Working Paper (2001)
16. Deficit-financed tax cuts and interest rates
    Business Review, 2004, (Q2), 30-37

2003

17. How inflation hawks escape expectations traps
    Business Review, 2003, (Q1), 13-20

2002

18. Incomplete markets, borrowing constraints, and the foreign exchange risk premium
    Journal of International Money and Finance, 2002, 21, (7), 957-980 View citations (1)
    See also Working Paper (2000)

2001

19. Who cares about volatility? A tale of two exchange-rate systems
    Business Review, 2001, (Q1), 16-25
20. Why Is the Business-Cycle Behaviour of Fundamentals Alike across Exchange-Rate Regimes?
    International Journal of Finance & Economics, 2001, 6, (4), 401-19 View citations (2)
    See also Working Paper (2001)

Chapters

2012

1. Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
   A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012 View citations (2)
   See also Working Paper (2012)

2010

2. Optimal Monetary Policy in Open Economies
   Chapter 16 in Handbook of Monetary Economics, 2010, vol. 3, pp 861-933 View citations (2)
   See also Working Paper (2010)

2008

3. Productivity, External Balance, and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries
   A chapter in NBER International Seminar on Macroeconomics 2006, 2008, pp 117-194 View citations (3)
   See also Working Paper (2006)

2007

4. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
   A chapter in International Dimensions of Monetary Policy, 2007, pp 319-367 View citations (6)
   See also Working Paper (2007)