Details about Luca Benati

Access statistics for papers by Luca Benati.

Last updated 2021-08-15. Update your information in the RePEc Author Service.

Short-id: pbe573

Working Papers

2021

1. Searching for Hysteresis
   Working Paper, Federal Reserve Bank of Richmond View citations (1)

2020

2. International Evidence on Long-Run Money Demand
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (8)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (12)
   Working Papers, eSocialSciences (2016) View citations (19)
   Staff Report, Federal Reserve Bank of Minneapolis (2019) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (19)
   Working Papers, Federal Reserve Bank of Minneapolis (2017) View citations (6)
   See also Journal Article International evidence on long-run money demand, Journal of Monetary Economics, Elsevier (2021) View citations (10) (2021)
3. Leaning Against House Prices: A Structural VAR Investigation
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (1)
   See also Journal Article Leaning against house prices: A structural VAR investigation, Journal of Monetary Economics, Elsevier (2021) View citations (8) (2021)
4. Money Velocity and the Natural Rate of Interest
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (5)
   Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2017)
   See also Journal Article Money velocity and the natural rate of interest, Journal of Monetary Economics, Elsevier (2020) View citations (3) (2020)

2019

5. Online Appendix for: International Evidence on Long-Run Money Demand
   Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2017) View citations (5)

2018

6. Cagan s Paradox Revisited
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft
7. Identifying Noise Shocks
   Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney View citations (1)
   See also Journal Article Identifying noise shocks, Journal of Economic Dynamics and Control, Elsevier (2020) View citations (3) (2020)
8. Money and Credit: A Long-Term View
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft

2017

9. Cointegration Tests and the Classical Dichotomy
   Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft
10. Could the Bubble in U.S. House Prices Have Been Detected in Real Time?
    Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft
11. Money-Multiplier Shocks
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (1)
12. What Drives Money Velocity?
    Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft

2015

13. The Long-Run Phillips Curve: A Structural VAR Investigation
    2015 Meeting Papers, Society for Economic Dynamics View citations (44)
    See also Journal Article The long-run Phillips curve: A structural VAR investigation, Journal of Monetary Economics, Elsevier (2015) View citations (42) (2015)

2013

14. The time-varying Beveridge curve
    Working Paper, Federal Reserve Bank of Richmond View citations (1)
    See also Chapter The Time-Varying Beveridge Curve, Dynamic Modeling and Econometrics in Economics and Finance, Springer (2014) View citations (24) (2014)

2012

15. Sales, Inventories, and Real Interest Rates: A Century of Stylized Facts
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (11)
    Also in Working Paper, Federal Reserve Bank of Richmond (2012) View citations (7)
    See also Journal Article SALES, INVENTORIES AND REAL INTEREST RATES: A CENTURY OF STYLIZED FACTS, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2014) View citations (18) (2014)
16. Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound
    Staff Working Papers, Bank of Canada View citations (34)
    See also Journal Article Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound, International Journal of Central Banking, International Journal of Central Banking (2013) View citations (370) (2013)

2011

17. Would the bundesbank have prevented the great inflation in the United States?
    Post-Print, HAL View citations (5)
    Also in Working Paper Series, European Central Bank (2009) View citations (1)
    See also Journal Article Would the Bundesbank have prevented the Great Inflation in the United States?, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (6) (2011)

2010

18. Are policy counterfactuals based on structural VAR's reliable?
    Working Paper Series, European Central Bank View citations (21)
19. Evolving Phillips trade-off
    Working Paper Series, European Central Bank View citations (7)
20. Unconventional monetary policy and the great recession - Estimating the impact of a compression in the yield spread at the zero lower bound
    Working Paper Series, European Central Bank View citations (90)

2009

21. Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)?
    Working Paper Series, European Central Bank View citations (18)
22. Long run evidence on money growth and inflation
    Working Paper Series, European Central Bank View citations (69)

2008

23. Investigating inflation persistence across monetary regimes
    Working Paper Series, European Central Bank View citations (332)
    See also Journal Article Investigating Inflation Persistence Across Monetary Regimes, The Quarterly Journal of Economics, President and Fellows of Harvard College (2008) View citations (363) (2008)
24. VAR analysis and the Great Moderation
    Working Paper Series, European Central Bank View citations (30)
    See also Journal Article VAR Analysis and the Great Moderation, American Economic Review, American Economic Association (2009) View citations (161) (2009)

2007

25. Drift and breaks in labor productivity
    Working Paper Series, European Central Bank View citations (54)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (2)
    See also Journal Article Drift and breaks in labor productivity, Journal of Economic Dynamics and Control, Elsevier (2007) View citations (51) (2007)
26. Evolving U.S. monetary policy and the decline of inflation predictability
    Working Paper Series, European Central Bank View citations (6)
    See also Journal Article Evolving U.S. Monetary Policy and The Decline of Inflation Predictability, Journal of the European Economic Association, MIT Press (2008) View citations (61) (2008)
27. Investigating time-variation in the marginal predictive power of the yield spread
    Working Paper Series, European Central Bank View citations (1)
    See also Journal Article Investigating time-variation in the marginal predictive power of the yield spread, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (48) (2008)
28. Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output
    Working Paper Series, European Central Bank View citations (18)
29. The "Great Moderation" in the United Kingdom
    Working Paper Series, European Central Bank View citations (16)
    See also Journal Article The "Great Moderation" in the United Kingdom, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (91) (2008)

2006

30. Affine term structure models for the foreign exchange risk premium
    Bank of England working papers, Bank of England View citations (4)
31. The Great Moderation and the ‘Bernanke Conjecture’
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (2)
32. UK monetary regimes and macroeconomic stylised facts
    Bank of England working papers, Bank of England View citations (23)
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (5)

2004

33. Evolving post-World War II UK economic performance
    Bank of England working papers, Bank of England View citations (63)
    Also in Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (24)
34. Monetary Rules, Indeterminacy, and the Business-Cycle Stylised Facts
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (7)

2003

35. Structural Breaks in Inflation Dynamics
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (20)

2001

36. Band-pass filtering, cointegration, and business cycle analysis
    Bank of England working papers, Bank of England View citations (23)

Journal Articles

2021

1. International evidence on long-run money demand
   Journal of Monetary Economics, 2021, 117, (C), 43-63 View citations (10)
   See also Working Paper International Evidence on Long-Run Money Demand, Diskussionsschriften (2020) View citations (8) (2020)
2. Leaning against house prices: A structural VAR investigation
   Journal of Monetary Economics, 2021, 118, (C), 399-412 View citations (8)
   See also Working Paper Leaning Against House Prices: A Structural VAR Investigation, Diskussionsschriften (2020) View citations (1) (2020)

2020

3. Identifying noise shocks
   Journal of Economic Dynamics and Control, 2020, 111, (C) View citations (3)
   See also Working Paper Identifying Noise Shocks, Working Paper Series (2018) View citations (1) (2018)
4. Money velocity and the natural rate of interest
   Journal of Monetary Economics, 2020, 116, (C), 117-134 View citations (3)
   See also Working Paper Money Velocity and the Natural Rate of Interest, Diskussionsschriften (2020) View citations (5) (2020)

2015

5. The long-run Phillips curve: A structural VAR investigation
   Journal of Monetary Economics, 2015, 76, (C), 15-28 View citations (42)
   See also Working Paper The Long-Run Phillips Curve: A Structural VAR Investigation, 2015 Meeting Papers (2015) View citations (44) (2015)

2014

6. Do TFP and the relative price of investment share a common I(1) component?
   Journal of Economic Dynamics and Control, 2014, 45, (C), 239-261 View citations (7)
7. SALES, INVENTORIES AND REAL INTEREST RATES: A CENTURY OF STYLIZED FACTS
   Journal of Applied Econometrics, 2014, 29, (7), 1210-1222 View citations (18)
   See also Working Paper Sales, Inventories, and Real Interest Rates: A Century of Stylized Facts, CAMA Working Papers (2012) View citations (11) (2012)

2013

8. Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound
   International Journal of Central Banking, 2013, 9, (2), 165-212 View citations (370)
   See also Working Paper Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound, Staff Working Papers (2012) View citations (34) (2012)

2012

9. Estimating the financial crisis’ impact on potential output
   Economics Letters, 2012, 114, (1), 113-119 View citations (13)

2011

10. Would the Bundesbank have prevented the Great Inflation in the United States?
    Journal of Economic Dynamics and Control, 2011, 35, (7), 1106-1125 View citations (6)
    See also Working Paper Would the bundesbank have prevented the great inflation in the United States?, Post-Print (2011) View citations (5) (2011)

2009

11. VAR Analysis and the Great Moderation
    American Economic Review, 2009, 99, (4), 1636-52 View citations (161)
    See also Working Paper VAR analysis and the Great Moderation, Working Paper Series (2008) View citations (30) (2008)

2008

12. Evolving U.S. Monetary Policy and The Decline of Inflation Predictability
    Journal of the European Economic Association, 2008, 6, (2-3), 634-646 View citations (61)
    See also Working Paper Evolving U.S. monetary policy and the decline of inflation predictability, Working Paper Series (2007) View citations (6) (2007)
13. Investigating Inflation Persistence Across Monetary Regimes
    The Quarterly Journal of Economics, 2008, 123, (3), 1005-1060 View citations (363)
    See also Working Paper Investigating inflation persistence across monetary regimes, Working Paper Series (2008) View citations (332) (2008)
14. Investigating time-variation in the marginal predictive power of the yield spread
    Journal of Economic Dynamics and Control, 2008, 32, (4), 1236-1272 View citations (48)
    See also Working Paper Investigating time-variation in the marginal predictive power of the yield spread, Working Paper Series (2007) View citations (1) (2007)
15. The "Great Moderation" in the United Kingdom
    Journal of Money, Credit and Banking, 2008, 40, (1), 121-147 View citations (91)
    Also in Journal of Money, Credit and Banking, 2008, 40, (1), 121-147 (2008) View citations (11)
    See also Working Paper The "Great Moderation" in the United Kingdom, Working Paper Series (2007) View citations (16) (2007)

2007

16. Drift and breaks in labor productivity
    Journal of Economic Dynamics and Control, 2007, 31, (8), 2847-2877 View citations (51)
    See also Working Paper Drift and breaks in labor productivity, Working Paper Series (2007) View citations (54) (2007)
17. The Time-Varying Phillips Correlation
    Journal of Money, Credit and Banking, 2007, 39, (5), 1275-1283 View citations (27)
    Also in Journal of Money, Credit and Banking, 2007, 39, (5), 1275-1283 (2007) View citations (3)

2001

18. Some empirical evidence on the 'discouraged worker' effect
    Economics Letters, 2001, 70, (3), 387-395 View citations (66)

Chapters

2014

1. The Time-Varying Beveridge Curve
   Springer View citations (24)
   See also Working Paper The time-varying Beveridge curve, Federal Reserve Bank of Richmond (2013) View citations (1) (2013)

2010

2. Monetary Policy Regimes and Economic Performance: The Historical Record, 1979-2008
   Chapter 21 in Handbook of Monetary Economics, 2010, vol. 3, pp 1159-1236 View citations (32)