Details about Carlos Carvalho
Access statistics for papers by Carlos Carvalho.
Last updated 2023-05-10. Update your information in the RePEc Author Service.
Short-id: pca106
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Working Papers
2023
- Weighted Median Inflation Around the World: A Measure of Core Inflation
NBER Working Papers, National Bureau of Economic Research, Inc 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)  IMF Working Papers, International Monetary Fund (2023)
2021
- Taylor Rule Estimation by OLS
Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)
See also Journal Article in Journal of Monetary Economics (2021)
2020
- Anchored inflation expectations
CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (8)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (13)
See also Journal Article in American Economic Journal: Macroeconomics (2023)
- Multi-Product Pricing: Theory and Evidence from Large Retailers in Israel
Staff Working Papers, Bank of Canada View citations (8)
2019
- Macroeconomic Effects of Credit Deepening in Latin America
Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
Also in IDB Publications (Working Papers), Inter-American Development Bank (2015) View citations (2) Textos para discussão, Department of Economics PUC-Rio (Brazil) (2014) View citations (5)
- Macroeconomic Macroeconomic Effects of Credit Deepening in Latin America
Working Papers, Banco Central de Reserva del Perú
2018
- Gambling, Risk Appetite and Asset Pricing
Textos para discussão, Department of Economics PUC-Rio (Brazil)
- Price Selection
Staff Working Papers, Bank of Canada View citations (4)
See also Journal Article in Journal of Monetary Economics (2021)
2017
- Approximating Multisector New Keynesian Models
Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
See also Journal Article in Economics Letters (2018)
- Arco: an artificial counterfactual approach for high-dimensional panel time-series data
Textos para discussão, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil) View citations (5)
Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2016) View citations (3)
See also Journal Article in Journal of Econometrics (2018)
- Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification
IMF Working Papers, International Monetary Fund View citations (1)
- The perils of counterfactual analysis with integrated processes
Textos para discussão, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil) 
Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2016) View citations (2)
2016
- Demographics and Real Interest Rates: Inspecting the Mechanism
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (207)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (176) 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (200)
See also Journal Article in European Economic Review (2016)
- Measuring the Effect of the Zero Lower Bound on Monetary Policy
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (16)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (14)
- Online Appendix to "Factor Specificity and Real Rigidities
Online Appendices, Review of Economic Dynamics View citations (8)
See also Journal Article in Review of Economic Dynamics (2016)
- Price Selection, Monetary Non-neutrality, and Sticky-Price Models
2016 Meeting Papers, Society for Economic Dynamics View citations (2)
2015
- E Se o Brasil Não Tivesse Adotado Câmbio Flutuante em 1999?
Textos para discussão, Department of Economics PUC-Rio (Brazil)
- Factor Specificity and Real Rigidities
Textos para discussão, Department of Economics PUC-Rio (Brazil) 
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (6)
See also Journal Article in Review of Economic Dynamics (2016)
- Lift-off Uncertainty: What Can We Infer From the FOMC's Summary of Economic Projections?
2015 Meeting Papers, Society for Economic Dynamics View citations (7)
- Persistent Monetary Non-neutrality in an Estimated Model with Menu Costs and Partially Costly Information
2015 Meeting Papers, Society for Economic Dynamics View citations (1)
- What drives long-run inflation expectations?
2015 Meeting Papers, Society for Economic Dynamics
- What if Brazil Hadn't Floated the Real in 1999?
Textos para discussão, Department of Economics PUC-Rio (Brazil) 
See also Journal Article in Brazilian Review of Econometrics (2015)
2014
- Factor SpecifiÂ…city and Real Rigidities
2014 Meeting Papers, Society for Economic Dynamics
- Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (2)
- Real Rigidities and the Cross-Sectional Distribution of Price Stickiness: Evidence from Micro and Macro Data Combined
Textos para discussão, Department of Economics PUC-Rio (Brazil)
- Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (15)
Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (2) Working Paper, Federal Reserve Bank of Richmond (2012) View citations (4)
See also Journal Article in Journal of Monetary Economics (2015)
2013
- Do People Understand Monetary Policy?
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (11) Working Paper Series, Federal Reserve Bank of San Francisco (2012) 
See also Journal Article in Journal of Monetary Economics (2014)
- Just Words? A Quantitative Analysis of the Communication of the Central Bank of Brazil
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (14)
See also Journal Article in Revista Brasileira de Economia - RBE (2013)
- Monetary Policy, External Finance Dependence, and the Cross-section of Stock Returns: A FAVAR Approach
2013 Meeting Papers, Society for Economic Dynamics
- Real Exchange Rate Dynamics in Sticky-Price Models with Capital
2013 Meeting Papers, Society for Economic Dynamics
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012)
- Time- and State-Dependent Pricing: A Unified Framework
2013 Meeting Papers, Society for Economic Dynamics View citations (1)
- What Explains Japan's Persistent Deflation?
2013 Meeting Papers, Society for Economic Dynamics
2011
- Sectoral Price Facts in a Sticky-Price Model
Departmental Working Papers, Rutgers University, Department of Economics View citations (26)
Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (26) 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (4)
See also Journal Article in American Economic Journal: Macroeconomics (2021)
2010
- Aggregation and the PPP puzzle in a sticky-price model
Working Paper Series, Federal Reserve Bank of San Francisco View citations (25)
Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (8)
See also Journal Article in American Economic Review (2011)
- Loss aversion, asymmetric market comovements, and the home bias
Staff Reports, Federal Reserve Bank of New York View citations (13)
See also Journal Article in Journal of International Money and Finance (2010)
- State-dependent pricing under infrequent information: a unified framework
Staff Reports, Federal Reserve Bank of New York View citations (11)
2009
- Estimating the Cross-sectional Distribution of Price Stickiness from Aggregate Data
2009 Meeting Papers, Society for Economic Dynamics 
Also in Staff Reports, Federal Reserve Bank of New York (2009) View citations (7)
- The persistent effects of a false news shock
Staff Reports, Federal Reserve Bank of New York View citations (1)
See also Journal Article in Journal of Empirical Finance (2011)
2008
- Heterogeneous Price Setting Behavior and Monetary Non-neutrality: Some General Results
2008 Meeting Papers, Society for Economic Dynamics View citations (15)
- Imperfectly credible disinflation under endogenous time-dependent pricing
Staff Reports, Federal Reserve Bank of New York View citations (1)
Also in FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2005) View citations (9) Macroeconomics, University Library of Munich, Germany (2005) View citations (12)
See also Journal Article in Journal of Money, Credit and Banking (2010)
2005
- Endogenous Time-Dependent Rules and Inflation Inertia
Macroeconomics, University Library of Munich, Germany View citations (6)
See also Journal Article in Journal of Money, Credit and Banking (2004)
- Endogenous Time-Dependent Rules and the Costs of Disinflation with Imperfect Credibility
Macroeconomics, University Library of Munich, Germany View citations (4)
Also in FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2003) View citations (1) Macroeconomics, University Library of Munich, Germany (2005) View citations (3)
- Heterogeneity in Price Setting and the Real Effects of Monetary Shocks
Macroeconomics, University Library of Munich, Germany View citations (72)
- The Effects of Heterogeneity in Price Setting on Price and Inflation Inertia
Macroeconomics, University Library of Munich, Germany View citations (1)
Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (1) Macroeconomics, University Library of Munich, Germany (2005) View citations (1) Econometric Society 2004 Latin American Meetings, Econometric Society (2004)
2004
- Myopic Loss Aversion, Asymmetric Correlations, and the Home Bias
Econometric Society 2004 Latin American Meetings, Econometric Society
1999
- Endogenous time-dependent rules and inflation inertia: preliminary version
FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) View citations (9)
Undated
- Sentiment, Electoral Uncertainty and Stock Returns
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
- Transitions in Central Bank Leadership
Textos para discussão, Department of Economics PUC-Rio (Brazil)
Journal Articles
2023
- Anchored Inflation Expectations
American Economic Journal: Macroeconomics, 2023, 15, (1), 1-47 
See also Working Paper (2020)
- Persistent Monetary Non-neutrality in an Estimated Menu Cost Model with Partially Costly Information
American Economic Journal: Macroeconomics, 2023, 15, (2), 466-505
2021
- Price selection
Journal of Monetary Economics, 2021, 122, (C), 56-75 
See also Working Paper (2018)
- Sectoral Price Facts in a Sticky-Price Model
American Economic Journal: Macroeconomics, 2021, 13, (1), 216-56 View citations (8)
See also Working Paper (2011)
- Taylor rule estimation by OLS
Journal of Monetary Economics, 2021, 124, (C), 140-154 View citations (9)
See also Working Paper (2021)
2020
- The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data
The Review of Economics and Statistics, 2020, 102, (1), 162-179 View citations (2)
2018
- Approximating multisector New Keynesian models
Economics Letters, 2018, 163, (C), 193-196 View citations (2)
See also Working Paper (2017)
- ArCo: An artificial counterfactual approach for high-dimensional panel time-series data
Journal of Econometrics, 2018, 207, (2), 352-380 View citations (23)
See also Working Paper (2017)
2017
- Demographic Transition and Low U.S. Interest Rates
FRBSF Economic Letter, 2017 View citations (3)
- Heterogeneous Sticky-Information Economies
Brazilian Review of Econometrics, 2017, 37, (2)
2016
- Demographics and real interest rates: Inspecting the mechanism
European Economic Review, 2016, 88, (C), 208-226 View citations (209)
See also Working Paper (2016)
- Factor Specificity and Real Rigidities
Review of Economic Dynamics, 2016, 22, 208-222 View citations (10)
See also Working Paper (2015) Working Paper (2016) Software Item (2016)
- Fed communication and the zero lower bound
FRBSF Economic Letter, 2016 View citations (1)
2015
- Selection and monetary non-neutrality in time-dependent pricing models
Journal of Monetary Economics, 2015, 76, (C), 141-156 View citations (20)
See also Working Paper (2014)
- What lf Brazil Hadn't Floated the Real in 1999?
Brazilian Review of Econometrics, 2015, 35, (2) 
See also Working Paper (2015)
2014
- Do people understand monetary policy?
Journal of Monetary Economics, 2014, 66, (C), 108-123 View citations (118)
See also Working Paper (2013)
- Household expectations and monetary policy
FRBSF Economic Letter, 2014
2013
- Just Words? A Quantitative Analysis of the Communication of the Central Bank of Brazil
Revista Brasileira de Economia - RBE, 2013, 67, (4) View citations (11)
See also Working Paper (2013)
2012
- Iniciativas de política durante la recesión global. ¿Cuáles eran las expectativas de los analistas?
Boletín, 2012, LVIII, (2), 78-93
- Policy initiatives in the global recession: what did forecasters expect?
Current Issues in Economics and Finance, 2012, 18, (Feb)
2011
- Aggregation and the PPP Puzzle in a Sticky-Price Model
American Economic Review, 2011, 101, (6), 2391-2424 View citations (66)
See also Working Paper (2010)
- The persistent effects of a false news shock
Journal of Empirical Finance, 2011, 18, (4), 597-615 View citations (18)
See also Working Paper (2009)
2010
- Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing
Journal of Money, Credit and Banking, 2010, 42, (5), 799-831 View citations (11)
Also in Journal of Money, Credit and Banking, 2010, 42, (5), 799-831 (2010) View citations (1)
See also Working Paper (2008)
- Loss aversion, asymmetric market comovements, and the home bias
Journal of International Money and Finance, 2010, 29, (7), 1303-1320 View citations (14)
See also Working Paper (2010)
2006
- Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks
The B.E. Journal of Macroeconomics, 2006, 6, (3), 1-58 View citations (235)
2004
- Endogenous Time-Dependent Rules and Inflation Inertia
Journal of Money, Credit and Banking, 2004, 36, (6), 1015-41 View citations (64)
See also Working Paper (2005)
Chapters
2015
- Macroeconomic Effects of the Demographic Transition in Brazil
Palgrave Macmillan
Software Items
2016
- Code and data files for "Factor Specificity and Real Rigidities"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2016)
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