Details about Carlos Carvalho
Access statistics for papers by Carlos Carvalho.
Last updated 2024-11-09. Update your information in the RePEc Author Service.
Short-id: pca106
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Working Papers
2023
- Demographics and Real Interest Rates Across Countries and Over Time
Working Paper Series, Federal Reserve Bank of San Francisco 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
- Weighted Median Inflation Around the World: A Measure of Core Inflation
IMF Working Papers, International Monetary Fund View citations (1)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)  NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (1)
See also Journal Article Weighted Median Inflation Around the World: A Measure of Core Inflation, Journal of International Money and Finance, Elsevier (2024) (2024)
2021
- Taylor Rule Estimation by OLS
Working Paper Series, Federal Reserve Bank of San Francisco View citations (30)
See also Journal Article Taylor rule estimation by OLS, Journal of Monetary Economics, Elsevier (2021) View citations (34) (2021)
2020
- Anchored inflation expectations
CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (9)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (14)
See also Journal Article Anchored Inflation Expectations, American Economic Journal: Macroeconomics, American Economic Association (2023) View citations (27) (2023)
- Multi-Product Pricing: Theory and Evidence from Large Retailers in Israel
Staff Working Papers, Bank of Canada View citations (14)
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)
See also Journal Article Macroeconomic Effects of Credit Deepening in Latin America, Journal of Money, Credit and Banking, Blackwell Publishing (2023) (2023)
- 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 Price selection, Journal of Monetary Economics, Elsevier (2021) (2021)
2017
- Approximating Multisector New Keynesian Models
Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
See also Journal Article Approximating multisector New Keynesian models, Economics Letters, Elsevier (2018) View citations (2) (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 ArCo: An artificial counterfactual approach for high-dimensional panel time-series data, Journal of Econometrics, Elsevier (2018) View citations (34) (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 (3)
2016
- Demographics and Real Interest Rates: Inspecting the Mechanism
2016 Meeting Papers, Society for Economic Dynamics View citations (243)
Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2016) View citations (257) Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (184)
See also Journal Article Demographics and real interest rates: Inspecting the mechanism, European Economic Review, Elsevier (2016) View citations (229) (2016)
- Measuring the Effect of the Zero Lower Bound on Monetary Policy
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (19)
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 (10)
See also Journal Article Factor Specificity and Real Rigidities, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (12) (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 Factor Specificity and Real Rigidities, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (12) (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 What lf Brazil Hadn't Floated the Real in 1999?, Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE (2015) (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
Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2014) View citations (1)
- 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 Selection and monetary non-neutrality in time-dependent pricing models, Journal of Monetary Economics, Elsevier (2015) View citations (22) (2015)
2013
- Do People Understand Monetary Policy?
Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012)  2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (11)
See also Journal Article Do people understand monetary policy?, Journal of Monetary Economics, Elsevier (2014) View citations (146) (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 Just Words? A Quantitative Analysis of the Communication of the Central Bank of Brazil, Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2013) View citations (11) (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 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (4) Staff Reports, Federal Reserve Bank of New York (2011) View citations (26)
See also Journal Article Sectoral Price Facts in a Sticky-Price Model, American Economic Journal: Macroeconomics, American Economic Association (2021) View citations (18) (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 Aggregation and the PPP Puzzle in a Sticky-Price Model, American Economic Review, American Economic Association (2011) View citations (75) (2011)
- Loss aversion, asymmetric market comovements, and the home bias
Staff Reports, Federal Reserve Bank of New York View citations (18)
See also Journal Article Loss aversion, asymmetric market comovements, and the home bias, Journal of International Money and Finance, Elsevier (2010) View citations (14) (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 The persistent effects of a false news shock, Journal of Empirical Finance, Elsevier (2011) View citations (25) (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 Macroeconomics, University Library of Munich, Germany (2005) View citations (12) FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2005) View citations (9)
See also Journal Article Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (11) (2010)
2005
- Endogenous Time-Dependent Rules and Inflation Inertia
Macroeconomics, University Library of Munich, Germany View citations (6)
See also Journal Article Endogenous Time-Dependent Rules and Inflation Inertia, Journal of Money, Credit and Banking, Blackwell Publishing (2004) View citations (65) (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) Econometric Society 2004 Latin American Meetings, Econometric Society (2004)  Macroeconomics, University Library of Munich, Germany (2005) View citations (1)
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
2024
- Abrupt monetary policy change and unanchoring of inflation expectations
Journal of Monetary Economics, 2024, 145, (S) View citations (1)
- Weighted Median Inflation Around the World: A Measure of Core Inflation
Journal of International Money and Finance, 2024, 142, (C) 
See also Working Paper Weighted Median Inflation Around the World: A Measure of Core Inflation, IMF Working Papers (2023) View citations (1) (2023)
2023
- Anchored Inflation Expectations
American Economic Journal: Macroeconomics, 2023, 15, (1), 1-47 View citations (27)
See also Working Paper Anchored inflation expectations, CAMA Working Papers (2020) View citations (9) (2020)
- Challenges to Disinflation: The Brazilian Experience
Brookings Papers on Economic Activity, 2023, 54, (1 (Spring)), 217-241 View citations (1)
- Macroeconomic Effects of Credit Deepening in Latin America
Journal of Money, Credit and Banking, 2023, 55, (7), 1817-1855 
See also Working Paper Macroeconomic Effects of Credit Deepening in Latin America, Working Papers Central Bank of Chile (2019) View citations (4) (2019)
- Multi-Product Pricing: Theory and Evidence from Large Retailers
The Economic Journal, 2023, 133, (651), 905-927 View citations (1)
- 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 Price Selection, Staff Working Papers (2018) View citations (4) (2018)
- Sectoral Price Facts in a Sticky-Price Model
American Economic Journal: Macroeconomics, 2021, 13, (1), 216-56 View citations (18)
See also Working Paper Sectoral Price Facts in a Sticky-Price Model, Departmental Working Papers (2011) View citations (26) (2011)
- Taylor rule estimation by OLS
Journal of Monetary Economics, 2021, 124, (C), 140-154 View citations (34)
See also Working Paper Taylor Rule Estimation by OLS, Working Paper Series (2021) View citations (30) (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 (5)
2018
- Approximating multisector New Keynesian models
Economics Letters, 2018, 163, (C), 193-196 View citations (2)
See also Working Paper Approximating Multisector New Keynesian Models, Working Paper Series (2017) View citations (1) (2017)
- ArCo: An artificial counterfactual approach for high-dimensional panel time-series data
Journal of Econometrics, 2018, 207, (2), 352-380 View citations (34)
See also Working Paper Arco: an artificial counterfactual approach for high-dimensional panel time-series data, Textos para discussão (2017) View citations (5) (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 (229)
See also Working Paper Demographics and Real Interest Rates: Inspecting the Mechanism, 2016 Meeting Papers (2016) View citations (243) (2016)
- Factor Specificity and Real Rigidities
Review of Economic Dynamics, 2016, 22, 208-222 View citations (12)
See also Working Paper Online Appendix to "Factor Specificity and Real Rigidities, Online Appendices (2016) View citations (10) (2016) Working Paper Factor Specificity and Real Rigidities, Textos para discussão (2015) (2015) Software Item Code and data files for "Factor Specificity and Real Rigidities", Computer Codes (2016) (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 (22)
See also Working Paper Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models, Textos para discussão (2014) View citations (15) (2014)
- What lf Brazil Hadn't Floated the Real in 1999?
Brazilian Review of Econometrics, 2015, 35, (2) 
See also Working Paper What if Brazil Hadn't Floated the Real in 1999?, Textos para discussão (2015) (2015)
2014
- Do people understand monetary policy?
Journal of Monetary Economics, 2014, 66, (C), 108-123 View citations (146)
See also Working Paper Do People Understand Monetary Policy?, Textos para discussão (2013) View citations (2) (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 Just Words? A Quantitative Analysis of the Communication of the Central Bank of Brazil, Textos para discussão (2013) View citations (14) (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 (75)
See also Working Paper Aggregation and the PPP puzzle in a sticky-price model, Working Paper Series (2010) View citations (25) (2010)
- The persistent effects of a false news shock
Journal of Empirical Finance, 2011, 18, (4), 597-615 View citations (25)
See also Working Paper The persistent effects of a false news shock, Staff Reports (2009) View citations (1) (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 Imperfectly credible disinflation under endogenous time-dependent pricing, Staff Reports (2008) View citations (1) (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 Loss aversion, asymmetric market comovements, and the home bias, Staff Reports (2010) View citations (18) (2010)
2006
- Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks
The B.E. Journal of Macroeconomics, 2006, 6, (1), 58 View citations (251)
2004
- Endogenous Time-Dependent Rules and Inflation Inertia
Journal of Money, Credit and Banking, 2004, 36, (6), 1015-41 View citations (65)
See also Working Paper Endogenous Time-Dependent Rules and Inflation Inertia, Macroeconomics (2005) View citations (6) (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 Factor Specificity and Real Rigidities, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (12) (2016)
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