Details about Guido Ascari

E-mail:
Homepage:	https://sites.google.com/site/guidoascari/
Workplace:	de Nederlandsche Bank (Netherlands Central Bank), (more information at EDIRC) Dipartimento di Scienze Economiche e Aziendali (Department of Economics and Business), Università degli Studi di Pavia (University of Pavia), (more information at EDIRC)

Access statistics for papers by Guido Ascari.

Last updated 2022-12-06. Update your information in the RePEc Author Service.

Short-id: pas4

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Working Papers

2022

1. Coherence without Rationality at the Zero Lower Bound
   Papers, arXiv.org
2. Empirical evidence on the Euler equation for investment in the US
   Papers, arXiv.org View citations (7)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021) View citations (7)
3. The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations
   Working Papers, University of Milano-Bicocca, Department of Economics View citations (2)
   Also in Economics Discussion / Working Papers, The University of Western Australia, Department of Economics (2020) View citations (2)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (2)

2021

4. Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic
   Working Papers, University of Milano-Bicocca, Department of Economics View citations (4)
   Also in Working Papers, DNB (2021) View citations (5)
5. Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix
   Discussion Papers, Centre for Macroeconomics (CFM)
6. The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve
   Working Papers, DNB View citations (4)
   Also in Discussion Papers, Centre for Macroeconomics (CFM) (2021) View citations (4)
7. The unbearable lightness of equilibria in a low interest rate environment
   Working Papers, DNB View citations (2)
   Also in Papers, arXiv.org (2021) View citations (4)
   See also Journal Article in Journal of Monetary Economics (2022)

2020

8. Monetary-fiscal interactions under price level targeting
   Papers, arXiv.org View citations (2)
9. The public debt multiplier
   Papers, arXiv.org View citations (1)
   See also Journal Article in Journal of Economic Dynamics and Control (2021)

2019

10. (Dis)Solving the Zero Lower Bound Equilibrium through Income Policy
    Working Papers, Sapienza University of Rome, DISS View citations (3)
    See also Journal Article in Journal of Money, Credit and Banking (2022)
11. Sticky prices and the transmission mechanism of monetary policy: A minimal test of New Keynesian models
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (3)

2018

12. Positive Trend In ation and Determinacy in a Medium-Sized New Keynesian Model
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (13)
    Also in CESifo Working Paper Series, CESifo (2018) View citations (1)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2018) View citations (2)
    Working Papers, Federal Reserve Bank of Philadelphia (2017) View citations (9)
    See also Journal Article in International Journal of Central Banking (2020)
13. The debt multiplier
    Working Papers, University of Milano-Bicocca, Department of Economics

2017

14. High Trend Inflation and Passive Monetary Detours
    DEM Working Papers Series, University of Pavia, Department of Economics and Management
    See also Journal Article in Economics Letters (2018)

2016

15. Business Cycles, Investment Shocks, and the "Barro-King Curse"
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (4)
16. Determinacy analysis in high order dynamic systems: The case of nominal rigidities and limited asset market participation
    Working Papers, University of Milano-Bicocca, Department of Economics View citations (1)
    See also Journal Article in Economics Letters (2017)
17. Monetary and Fiscal Policy Interactions: Leeper (1991) Redux
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (1)
18. Rational Sunspots
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (5)

2015

19. On the Welfare and Cyclical Implications of Moderate Trend Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    Also in Economics Series Working Papers, University of Oxford, Department of Economics (2015) View citations (17)
    See also Journal Article in Journal of Monetary Economics (2018)

2014

20. Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

2013

21. Boom and Burst in Housing Market with Heterogeneous Agents (New Version)
    DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (2)
22. The Macroeconomics of Trend Inflation
    DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (13)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (51)
    See also Journal Article in Journal of Economic Literature (2014)

2012

23. Boom and Burst in Housing Market with Heterogeneous Agents
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (5)
24. Disinflation effects in a medium-scale New Keynesian model: money supply rule versus interest rate rule
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
    See also Journal Article in European Economic Review (2013)
25. Does Inflation Walk on Unstable Paths? Rational Sunspots and Drifting Parameters
    2012 Meeting Papers, Society for Economic Dynamics
26. Fat-Tail Distributions and Business-Cycle Models
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (6)
    Also in Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) (2012) View citations (11)
    EconomiX Working Papers, University of Paris Nanterre, EconomiX (2012) View citations (6)
    LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy (2012) View citations (16)
    Working Papers, University of Verona, Department of Economics (2012) View citations (6)
    See also Journal Article in Macroeconomic Dynamics (2015)
27. Industrial Transformation, Heterogeneity in Price Stickiness, and the Great Moderation
    DEM Working Papers Series, University of Pavia, Department of Economics and Management
    Also in Dynare Working Papers, CEPREMAP (2012)
28. Nominal Rigidities, Supply Shocks and Economic Stability
    DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (1)
29. Transparency, Expectations Anchoring and the Inflation Target
    DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (2)
    See also Journal Article in European Economic Review (2017)

2011

30. L'economia politica e l'evoluzione del capitalismo negli ultimi quarant'anni
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
31. Trend Inflation, Wage Indexation, and Determinacy in the U.S
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (14)

2010

32. Calvo vs. Rotemberg in a Trend Inflation World: An Empirical Investigation
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (8)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2010) View citations (3)
    See also Journal Article in Journal of Economic Dynamics and Control (2011)
33. Disinflation in a DSGE Perspective: Sacrifice Ratio or Welfare Gain Ratio?
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2009) View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2012)
34. Implementing Disinflations in a Medium-Scale Dynamic General Equilibrium Model: Money Supply vis-à-vis Interest Rate Rules
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
35. Inflation persistence, Price Indexation and Optimal Simple Interest Rate Rules
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
    See also Journal Article in Manchester School (2015)
36. Limited Asset Market Participation: Does it Really Matter for Monetary Policy?
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (7)
37. Real Wage Rigidities and Disinflation Dynamics: Calvo vs. Rotemberg Pricing
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
    See also Journal Article in Economics Letters (2011)
38. Regional Inflation Persistence: Evidence from Italy
    Working Papers, University of Verona, Department of Economics View citations (1)
    Also in Quaderni della facoltà di Scienze economiche dell'Università di Lugano, USI Università della Svizzera italiana (2008)
    See also Journal Article in Regional Studies (2012)
39. Sacrifice ratio or welfare gain ratio? Disinflation in a DSGE monetary model
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008) View citations (1)
40. The Effectiveness of Government Debt for Demand Management: Sensitivity to Monetary Policy Rules
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (3)
    Also in Discussion Papers, Department of Economics, University of York (2010) View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2013)

2009

41. Trend Inflation and Firms Price-Setting: Rotemberg vs. Calvo
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (2)
42. Trend Inflation, Taylor Principle and Indeterminacy
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (103)
    Also in Working Papers, University of Milano-Bicocca, Department of Economics (2005) View citations (6)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2009) View citations (127)
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2007) View citations (10)
    See also Journal Article in Journal of Money, Credit and Banking (2009)

2008

43. Long-run Phillips Curve and Disinfation Dynamics: Calvo vs. Rotemberg Price Setting
    DISCE - Quaderni dell'Istituto di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) View citations (7)
44. Taylor Rules Cause Fiscal Policy Ineffectiveness
    2008 Meeting Papers, Society for Economic Dynamics
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2007) View citations (3)

2007

45. Evaluating Rent Dissipation in the Spanish Football Industry
    Post-Print, HAL View citations (23)
    See also Journal Article in Journal of Sports Economics (2007)
46. Optimal monetary policy under low trend inflation
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (90)
    See also Journal Article in Journal of Monetary Economics (2007)
47. Real Wage Rigidities and the Cost of Disinflations
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (13)
    See also Journal Article in Journal of Money, Credit and Banking (2009)
48. Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel)

2005

49. Determinants of Total Factor Productivity in the Italian Regions
    Macroeconomics, University Library of Munich, Germany View citations (25)
    See also Journal Article in SCIENZE REGIONALI (2005)

2004

50. Perpetual youth and endogenous labour supply: a problem and a possible solution
    Working Paper Series, European Central Bank View citations (12)
    See also Journal Article in Journal of Macroeconomics (2007)
51. Staggered prices and trend inflation: some nuisances
    Macroeconomics, University Library of Munich, Germany View citations (204)
    Also in Royal Economic Society Annual Conference 2002, Royal Economic Society (2002) View citations (25)
    See also Journal Article in Review of Economic Dynamics (2004)

2003

52. Forecasting inflation: a comparison of linear Phillips curve models and nonlinear time serie models
    Working Paper CRENoS, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia View citations (17)

2000

53. Staggered Wages and Output Dynamics under Disinflation
    Economic Research Papers, University of Warwick - Department of Economics
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2000)
    See also Journal Article in Journal of Economic Dynamics and Control (2002)

1999

54. Price/Wage Staggering and Persistence
    Economics Working Papers, European University Institute View citations (1)
55. Relative Wage Concern and the Keynesian Contract Multiplier
    Economics Working Papers, European University Institute View citations (6)

1997

56. OPTIMISING AGENTS, STAGGERED WAGES AND PERSISTENCE IN THE REAL EFFECTS OF MONEY SHOCKS
    Economic Research Papers, University of Warwick - Department of Economics View citations (3)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1997) View citations (6)
    See also Journal Article in Economic Journal (2000)
57. Staggered Wages and Disinflation Dynamics: What Can More Microfoundations Tell Us?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Discussion Papers, University of Copenhagen. Department of Economics (1997) View citations (4)

Journal Articles

2022

1. (Dis)Solving the Zero Lower Bound Equilibrium through Income Policy
   Journal of Money, Credit and Banking, 2022, 54, (2-3), 519-535
   See also Working Paper (2019)
2. Non-Linearities, State-Dependent Prices and the Transmission Mechanism of Monetary Policy
   (Dynamic effects of persistent shocks)
   The Economic Journal, 2022, 132, (641), 37-57 View citations (1)
3. The unbearable lightness of equilibria in a low interest rate environment
   Journal of Monetary Economics, 2022, 127, (C), 1-17
   See also Working Paper (2021)

2021

4. Empirical evidence on the Euler equation for consumption in the US
   Journal of Monetary Economics, 2021, 117, (C), 129-152 View citations (8)
5. The public debt multiplier
   Journal of Economic Dynamics and Control, 2021, 132, (C) View citations (4)
   See also Working Paper (2020)

2020

6. CONTROLLING INFLATION WITH TIMID MONETARY–FISCAL REGIME CHANGES
   International Economic Review, 2020, 61, (2), 1001-1024 View citations (2)
7. Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model
   International Journal of Central Banking, 2020, 16, (3), 51-94 View citations (4)
   See also Working Paper (2018)

2019

8. Walk on the Wild Side: Temporarily Unstable Paths and Multiplicative Sunspots
   American Economic Review, 2019, 109, (5), 1805-42 View citations (29)

2018

9. BOOMS AND BUSTS IN A HOUSING MARKET WITH HETEROGENEOUS AGENTS
   Macroeconomic Dynamics, 2018, 22, (7), 1808-1824 View citations (6)
10. High trend inflation and passive monetary detours
    Economics Letters, 2018, 172, (C), 138-142
    See also Working Paper (2017)
11. On the welfare and cyclical implications of moderate trend inflation
    Journal of Monetary Economics, 2018, 99, (C), 56-71 View citations (20)
    See also Working Paper (2015)

2017

12. Determinacy analysis in high order dynamic systems: The case of nominal rigidities and limited asset market participation
    Economics Letters, 2017, 159, (C), 82-87 View citations (6)
    See also Working Paper (2016)
13. LIMITED ASSET MARKET PARTICIPATION, STICKY WAGES, AND MONETARY POLICY
    Economic Inquiry, 2017, 55, (2), 878-897 View citations (17)
14. Transparency, expectations anchoring and inflation target
    European Economic Review, 2017, 91, (C), 261-273 View citations (10)
    See also Working Paper (2012)

2015

15. FAT-TAIL DISTRIBUTIONS AND BUSINESS-CYCLE MODELS
    Macroeconomic Dynamics, 2015, 19, (2), 465-476 View citations (46)
    See also Working Paper (2012)
16. Inflation Persistence, Price Indexation and Optimal Simple Interest Rate Rules
    Manchester School, 2015, 83, 1-30
    See also Working Paper (2010)

2014

17. The Macroeconomics of Trend Inflation
    Journal of Economic Literature, 2014, 52, (3), 679-739 View citations (136)
    See also Working Paper (2013)

2013

18. Disinflation effects in a medium-scale New Keynesian model: Money supply rule versus interest rate rule
    European Economic Review, 2013, 61, (C), 77-100 View citations (14)
    See also Working Paper (2012)
19. The effectiveness of government debt for demand management: Sensitivity to monetary policy rules
    Journal of Economic Dynamics and Control, 2013, 37, (8), 1544-1566 View citations (26)
    See also Working Paper (2010)

2012

20. Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?
    Journal of Economic Dynamics and Control, 2012, 36, (2), 169-182 View citations (18)
    See also Working Paper (2010)
21. Regional Inflation Persistence: Evidence from Italy
    Regional Studies, 2012, 46, (4), 509-523 View citations (21)
    See also Working Paper (2010)
22. Sacrifice Ratio in a Medium-Scale New Keynesian Model
    Journal of Money, Credit and Banking, 2012, 44, 457-467 View citations (8)
    Also in Journal of Money, Credit and Banking, 2012, 44, (2‐3), 457-467 (2012) View citations (3)
23. Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo
    Economic Journal, 2012, 122, (563), 1115-1141 View citations (32)

2011

24. Calvo vs. Rotemberg in a trend inflation world: An empirical investigation
    Journal of Economic Dynamics and Control, 2011, 35, (11), 1852-1867 View citations (56)
    See also Working Paper (2010)
25. MACROECONOMIC MODELS: BETTER HORSES FOR TOUGHER COURSES
    Manchester School, 2011, 79, (s2), 17-20 View citations (3)
26. Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing
    Economics Letters, 2011, 110, (2), 126-131 View citations (18)
    See also Working Paper (2010)

2010

27. The long-run optimal degree of indexation in new Keynesian models with price staggering à la Calvo
    Economics Bulletin, 2010, 30, (1), 482-493 View citations (2)

2009

28. Il modello Neo-Keynesiano, politica monetaria e dinamica dell’inflazione. Perché l’inflazione è persistente?
    Rivista di Politica Economica, 2009, (1), 23-63
29. Real Wage Rigidities and the Cost of Disinflations
    Journal of Money, Credit and Banking, 2009, 41, (2‐3), 417-435 View citations (3)
    Also in Journal of Money, Credit and Banking, 2009, 41, (2-3), 417-435 (2009) View citations (38)
    See also Working Paper (2007)
30. Trend Inflation, Taylor Principle, and Indeterminacy
    Journal of Money, Credit and Banking, 2009, 41, (8), 1557-1584 View citations (17)
    Also in Journal of Money, Credit and Banking, 2009, 41, (8), 1557-1584 (2009) View citations (103)
    See also Working Paper (2009)

2007

31. Evaluating Rent Dissipation in the Spanish Football Industry
    Journal of Sports Economics, 2007, 8, (5), 468-490 View citations (21)
    See also Working Paper (2007)
32. Optimal monetary policy under low trend inflation
    Journal of Monetary Economics, 2007, 54, (8), 2568-2583 View citations (96)
    See also Working Paper (2007)
33. Optimal simple rules and the lower bound on the nominal interest rate in the Christiano–Eichenbaum–Evans model of the US business cycle
    Portuguese Economic Journal, 2007, 6, (2), 117-131 View citations (1)
34. Perpetual youth and endogenous labor supply: A problem and a possible solution
    Journal of Macroeconomics, 2007, 29, (4), 708-723 View citations (20)
    See also Working Paper (2004)

2006

35. Spanish Football
    Journal of Sports Economics, 2006, 7, (1), 76-89 View citations (21)

2005

36. Determinants of total factor productivity in the italian Regions
    SCIENZE REGIONALI, 2005, 2005/2, (2) View citations (25)
    See also Working Paper (2005)
37. Taxing a monopolist
    Research in Economics, 2005, 59, (4), 321-334

2004

38. Relative wage concern: the missing piece in the contract multiplier?
    Research in Economics, 2004, 58, (4), 343-369 View citations (3)
39. Staggered Prices and Trend Inflation: Some Nuisances
    Review of Economic Dynamics, 2004, 7, (3), 642-667 View citations (217)
    See also Working Paper (2004)

2003

40. Price/Wage Staggering and Persistence: A Unifying Framework
    Journal of Economic Surveys, 2003, 17, (4), 511-540 View citations (47)

2002

41. Staggered wages and output dynamics under disinflation
    Journal of Economic Dynamics and Control, 2002, 26, (4), 653-680 View citations (38)
    See also Working Paper (2000)

2000

42. Optimising Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks
    Economic Journal, 2000, 110, (465), 664-86 View citations (112)
    See also Working Paper (1997)

1998

43. SUPERNEUTRALITY OF MONEY IN STAGGERED WAGE-SETTING MODELS
    Macroeconomic Dynamics, 1998, 2, (3), 383-400 View citations (53)

1997

44. Deflazione, disinflazione e modelli a salari sovrapposti
    Giornale degli Economisti, 1997, 56, (3-4), 235-273