Details about Guido Ascari
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
- Coherence without Rationality at the Zero Lower Bound
Papers, arXiv.org
- 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)
- 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
- 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)
- Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix
Discussion Papers, Centre for Macroeconomics (CFM)
- 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)
- 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
- Monetary-fiscal interactions under price level targeting
Papers, arXiv.org View citations (2)
- The public debt multiplier
Papers, arXiv.org View citations (1)
See also Journal Article in Journal of Economic Dynamics and Control (2021)
2019
- (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)
- 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
- 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)
- The debt multiplier
Working Papers, University of Milano-Bicocca, Department of Economics
2017
- 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
- 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)
- 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)
- Monetary and Fiscal Policy Interactions: Leeper (1991) Redux
Economics Series Working Papers, University of Oxford, Department of Economics View citations (1)
- Rational Sunspots
Economics Series Working Papers, University of Oxford, Department of Economics View citations (5)
2015
- 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
- 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
- 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)
- 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
- Boom and Burst in Housing Market with Heterogeneous Agents
Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (5)
- 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)
- Does Inflation Walk on Unstable Paths? Rational Sunspots and Drifting Parameters
2012 Meeting Papers, Society for Economic Dynamics
- 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)
- 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)
- Nominal Rigidities, Supply Shocks and Economic Stability
DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (1)
- 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
- L'economia politica e l'evoluzione del capitalismo negli ultimi quarant'anni
Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
- 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
- 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)
- 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)
- 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
- 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)
- 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)
- 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)
- 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)
- 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)
- 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
- Trend Inflation and Firms Price-Setting: Rotemberg vs. Calvo
Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (2)
- 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
- 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)
- 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
- Evaluating Rent Dissipation in the Spanish Football Industry
Post-Print, HAL View citations (23)
See also Journal Article in Journal of Sports Economics (2007)
- 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)
- 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)
- 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
- 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
- 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)
- 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
- 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
- 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
- Price/Wage Staggering and Persistence
Economics Working Papers, European University Institute View citations (1)
- Relative Wage Concern and the Keynesian Contract Multiplier
Economics Working Papers, European University Institute View citations (6)
1997
- 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)
- 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
- (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)
- 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)
- 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
- Empirical evidence on the Euler equation for consumption in the US
Journal of Monetary Economics, 2021, 117, (C), 129-152 View citations (8)
- The public debt multiplier
Journal of Economic Dynamics and Control, 2021, 132, (C) View citations (4)
See also Working Paper (2020)
2020
- CONTROLLING INFLATION WITH TIMID MONETARY–FISCAL REGIME CHANGES
International Economic Review, 2020, 61, (2), 1001-1024 View citations (2)
- 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
- Walk on the Wild Side: Temporarily Unstable Paths and Multiplicative Sunspots
American Economic Review, 2019, 109, (5), 1805-42 View citations (29)
2018
- BOOMS AND BUSTS IN A HOUSING MARKET WITH HETEROGENEOUS AGENTS
Macroeconomic Dynamics, 2018, 22, (7), 1808-1824 View citations (6)
- High trend inflation and passive monetary detours
Economics Letters, 2018, 172, (C), 138-142 
See also Working Paper (2017)
- 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
- 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)
- LIMITED ASSET MARKET PARTICIPATION, STICKY WAGES, AND MONETARY POLICY
Economic Inquiry, 2017, 55, (2), 878-897 View citations (17)
- Transparency, expectations anchoring and inflation target
European Economic Review, 2017, 91, (C), 261-273 View citations (10)
See also Working Paper (2012)
2015
- FAT-TAIL DISTRIBUTIONS AND BUSINESS-CYCLE MODELS
Macroeconomic Dynamics, 2015, 19, (2), 465-476 View citations (46)
See also Working Paper (2012)
- Inflation Persistence, Price Indexation and Optimal Simple Interest Rate Rules
Manchester School, 2015, 83, 1-30 
See also Working Paper (2010)
2014
- The Macroeconomics of Trend Inflation
Journal of Economic Literature, 2014, 52, (3), 679-739 View citations (136)
See also Working Paper (2013)
2013
- 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)
- 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
- 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)
- Regional Inflation Persistence: Evidence from Italy
Regional Studies, 2012, 46, (4), 509-523 View citations (21)
See also Working Paper (2010)
- 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)
- Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo
Economic Journal, 2012, 122, (563), 1115-1141 View citations (32)
2011
- 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)
- MACROECONOMIC MODELS: BETTER HORSES FOR TOUGHER COURSES
Manchester School, 2011, 79, (s2), 17-20 View citations (3)
- 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
- 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
- Il modello Neo-Keynesiano, politica monetaria e dinamica dell’inflazione. Perché l’inflazione è persistente?
Rivista di Politica Economica, 2009, (1), 23-63
- 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)
- 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
- 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)
- Optimal monetary policy under low trend inflation
Journal of Monetary Economics, 2007, 54, (8), 2568-2583 View citations (96)
See also Working Paper (2007)
- 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)
- 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
- Spanish Football
Journal of Sports Economics, 2006, 7, (1), 76-89 View citations (21)
2005
- Determinants of total factor productivity in the italian Regions
SCIENZE REGIONALI, 2005, 2005/2, (2) View citations (25)
See also Working Paper (2005)
- Taxing a monopolist
Research in Economics, 2005, 59, (4), 321-334
2004
- Relative wage concern: the missing piece in the contract multiplier?
Research in Economics, 2004, 58, (4), 343-369 View citations (3)
- 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
- Price/Wage Staggering and Persistence: A Unifying Framework
Journal of Economic Surveys, 2003, 17, (4), 511-540 View citations (47)
2002
- 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
- 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
- SUPERNEUTRALITY OF MONEY IN STAGGERED WAGE-SETTING MODELS
Macroeconomic Dynamics, 1998, 2, (3), 383-400 View citations (53)
1997
- Deflazione, disinflazione e modelli a salari sovrapposti
Giornale degli Economisti, 1997, 56, (3-4), 235-273
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