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Details about Efrem Castelnuovo

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Workplace:Melbourne Institute of Applied Economic and Social Research (MIAESR), Faculty of Business and Economics, University of Melbourne, (more information at EDIRC)

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Last updated 2019-03-08. Update your information in the RePEc Author Service.

Short-id: pca74


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Working Papers

2018

  1. Economic Policy Uncertainty Spillovers in Booms and Busts
    Working Paper series, Rimini Centre for Economic Analysis Downloads View citations (1)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) Downloads View citations (1)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) Downloads View citations (12)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2018) Downloads View citations (1)
    CESifo Working Paper Series, CESifo Group Munich (2018) Downloads View citations (2)
  2. Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach
    CESifo Working Paper Series, CESifo Group Munich Downloads
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) Downloads View citations (19)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2016) Downloads View citations (4)

    See also Journal Article in Economics Letters (2017)
  3. Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    Also in Research Discussion Papers, Bank of Finland (2017) Downloads View citations (23)
    CESifo Working Paper Series, CESifo Group Munich (2017) Downloads View citations (20)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) Downloads View citations (30)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2015) Downloads View citations (29)

    See also Journal Article in European Economic Review (2017)
  4. Google it up! A Google Trends-based Uncertainty Index for the United States and Australia
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    Also in CESifo Working Paper Series, CESifo Group Munich (2017) Downloads View citations (9)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) Downloads View citations (9)
    MPRA Paper, University Library of Munich, Germany (2017) Downloads View citations (9)

    See also Journal Article in Economics Letters (2017)
  5. Liquidity Traps and Large-Scale Financial Crises
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2016) Downloads
    CESifo Working Paper Series, CESifo Group Munich (2018) Downloads
    Post-Print, HAL (2017)

    See also Journal Article in Journal of Economic Dynamics and Control (2017)
  6. Positive Trend In ation and Determinacy in a Medium-Sized New Keynesian Model
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (2)
    Also in CESifo Working Paper Series, CESifo Group Munich (2018) Downloads View citations (1)
    Working Papers, Federal Reserve Bank of Philadelphia (2017) Downloads View citations (6)
  7. Risk Management-Driven Policy Rate Gap
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations (1)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2018) Downloads View citations (1)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) Downloads View citations (1)

    See also Journal Article in Economics Letters (2018)
  8. Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (4)
    Also in CESifo Working Paper Series, CESifo Group Munich (2017) Downloads View citations (3)

    See also Journal Article in Journal of Economic Dynamics and Control (2018)
  9. What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
    CESifo Working Paper Series, CESifo Group Munich Downloads
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) Downloads

2017

  1. Uncertainty and Monetary Policy in Good and Bad Times
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations (17)
    Also in Research Discussion Papers, Bank of Finland (2017) Downloads View citations (11)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2014) Downloads View citations (24)
    RBA Research Discussion Papers, Reserve Bank of Australia (2017) Downloads View citations (7)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) Downloads View citations (11)

2016

  1. Gimme a Break! Identification and Estimation of the Macroeconomic Effects of Monetary Policy Shocks in the U.S
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne Downloads View citations (1)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2014) Downloads View citations (1)
  2. Modest Macroeconomic Effects of Monetary Policy Shocks during the Great Moderation: An Alternative Interpretation
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne Downloads View citations (1)
    See also Journal Article in Journal of Macroeconomics (2016)

2015

  1. Estimating Fiscal Multipliers:News From a Nonlinear World
    Department of Economics - Working Papers Series, The University of Melbourne Downloads View citations (64)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) Downloads View citations (4)

    See also Journal Article in Economic Journal (2015)
  2. Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions
    Department of Economics - Working Papers Series, The University of Melbourne Downloads View citations (1)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) Downloads View citations (118)

    See also Journal Article in Journal of Monetary Economics (2014)

2014

  1. Estimating fiscal multipliers: evidence from a nonlinear world
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (53)
  2. Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from a Robust Test
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) Downloads View citations (7)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2013) Downloads View citations (2)

    See also Journal Article in Journal of Applied Econometrics (2015)
  3. 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.) Downloads View citations (7)

2013

  1. Uncertainty Shocks and Unemployment Dynamics: An Analysis of Post-WWII U.S. Recessions
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (22)

2012

  1. Fitting U.S. Trend Inflation: A Rolling-Window Approach
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (2)
  2. Monetary Policy Neutrality: Sign Restrictions Go to Monte Carlo
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (2)
  3. What does a monetary policy shock do? An international analysis with multiple filters
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (1)
    See also Journal Article in Oxford Bulletin of Economics and Statistics (2013)

2011

  1. Monetary policy indeterminacy in the U.S.: results from a classical test
    Quaderni di Dipartimento, Department of Statistics, University of Bologna Downloads View citations (2)
  2. Trend Inflation, Wage Indexation, and Determinacy in the U.S
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods Downloads View citations (10)

2010

  1. Calvo vs. Rotemberg in a Trend Inflation World: An Empirical Investigation
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods Downloads View citations (8)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2010) Downloads View citations (2)

    See also Journal Article in Journal of Economic Dynamics and Control (2011)
  2. Policy Rules, Regime Switches, and Trend Inflation: An Empirical Investigation for the U.S
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna Downloads
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2010) Downloads View citations (6)
  3. Stock Market Conditions and Monetary Policy in a DSGE Model for the U.S
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (52)
    Also in Research Discussion Papers, Bank of Finland (2010) Downloads View citations (38)
    Post-Print, HAL (2010) Downloads View citations (30)

    See also Journal Article in Journal of Economic Dynamics and Control (2010)

2009

  1. Estimating a NKBC Model for the U.S. Economy with Multiple Filters
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
  2. Estimating the Evolution of Money's Role in the U.S. Monetary Business Cycle
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (2)
    See also Journal Article in Journal of Money, Credit and Banking (2012)
  3. Monetary Policy, Inflation Expectations and the Price Puzzle
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (7)
    Also in Research Discussion Papers, Bank of Finland (2009) Downloads View citations (1)

    See also Journal Article in Economic Journal (2010)
  4. Testing the structural interpretation of the price puzzle with a cost channel model
    Research Discussion Papers, Bank of Finland Downloads View citations (1)
    See also Journal Article in Oxford Bulletin of Economics and Statistics (2012)

2008

  1. Estimating regime-switching Taylor rules with trend inflation
    Research Discussion Papers, Bank of Finland Downloads View citations (6)
  2. Long Memory and Non-Linearities in International Inflation
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads

2006

  1. Assessing Different Drivers of the GreatModeration in the U.S
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (3)
  2. Monetary Policy Switch, the Taylor Curve, and the Great Moderation
    Computing in Economics and Finance 2006, Society for Computational Economics Downloads View citations (2)
  3. Regime Shifts and the Stability of Backward Looking Phillips Curves in Open Economies
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    Also in Macroeconomics, University Library of Munich, Germany (2005) Downloads
    EcoMod2004, EcoMod Downloads
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) Downloads

    See also Journal Article in Journal of International Money and Finance (2008)
  4. The Price Puzzle: Fact or Artifact?
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads View citations (12)
    Also in Bank of England working papers, Bank of England (2006) Downloads View citations (18)
    Macroeconomics, University Library of Munich, Germany (2005) Downloads View citations (7)
  5. Tracking U.S. Inflation Expectations with Domestic and Global Indicators
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" Downloads
    See also Journal Article in Journal of International Money and Finance (2010)

2005

  1. The Price Puzzle and Indeterminacy
    Macroeconomics, University Library of Munich, Germany Downloads View citations (6)

2004

  1. Describing the Fed's conduct with simple Taylor rules: is interest rate smoothing important?
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group Downloads View citations (3)
  2. Taylor rules, omitted variables, and interest rate smoothing in the US
    Macroeconomics, University Library of Munich, Germany Downloads View citations (1)
    See also Journal Article in Economics Letters (2003)

2003

  1. Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations
    Working Paper Series, European Central Bank Downloads View citations (40)
  2. Describing the Fed's conduct with Taylor rules: is interest rate smoothing important?
    Working Paper Series, European Central Bank Downloads View citations (15)
    See also Journal Article in The IUP Journal of Monetary Economics (2006)
  3. Learning by Doing vs Learning by Researching in a Model of Climate Change Policy Analysis
    Working Papers, Fondazione Eni Enrico Mattei Downloads View citations (14)
    See also Journal Article in Ecological Economics (2005)
  4. Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model
    Working Papers, Fondazione Eni Enrico Mattei Downloads View citations (6)
    Also in Macroeconomics, University Library of Munich, Germany (2002) Downloads View citations (2)
  5. Taylor Rules and Interest Rate Smoothing in the US and EMU
    Macroeconomics, University Library of Munich, Germany Downloads View citations (7)
  6. Why are Federal Funds Rates so Smooth?
    Royal Economic Society Annual Conference 2003, Royal Economic Society Downloads

2000

  1. Emission Trading Restrictions with Endogenous Technological Change
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    See also Journal Article in International Environmental Agreements: Politics, Law and Economics (2001)

Journal Articles

2018

  1. Introduction
    Australian Economic Review, 2018, 51, (4), 512-513 Downloads
  2. Introduction to the Policy Forum: Macroeconomic Policies after the Global Financial Crisis
    Australian Economic Review, 2018, 51, (1), 68-69 Downloads
  3. Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?
    Australian Economic Review, 2018, 51, (1), 70-86 Downloads
  4. Risk management-driven policy rate gap
    Economics Letters, 2018, 171, (C), 235-238 Downloads View citations (1)
    See also Working Paper (2018)
  5. Uncertainty-dependent effects of monetary policy shocks: A new-Keynesian interpretation
    Journal of Economic Dynamics and Control, 2018, 93, (C), 277-296 Downloads View citations (5)
    See also Working Paper (2018)

2017

  1. A Short Review of the Recent Literature on Uncertainty
    Australian Economic Review, 2017, 50, (1), 68-78 Downloads View citations (9)
  2. Economic policy uncertainty and unemployment in the United States: A nonlinear approach
    Economics Letters, 2017, 151, (C), 31-34 Downloads View citations (27)
    See also Working Paper (2018)
  3. Estimating the real effects of uncertainty shocks at the Zero Lower Bound
    European Economic Review, 2017, 100, (C), 257-272 Downloads View citations (23)
    See also Working Paper (2018)
  4. Google It Up! A Google Trends-based Uncertainty index for the United States and Australia
    Economics Letters, 2017, 161, (C), 149-153 Downloads View citations (9)
    See also Working Paper (2018)
  5. Introduction
    Australian Economic Review, 2017, 50, (1), 66-67 Downloads
  6. Liquidity traps and large-scale financial crises
    Journal of Economic Dynamics and Control, 2017, 81, (C), 99-114 Downloads View citations (1)
    See also Working Paper (2018)

2016

  1. Introduction to the Policy Forum: Macroeconomic Consequences of Macroprudential Policies
    Australian Economic Review, 2016, 49, (1), 77-82 Downloads View citations (1)
  2. Modest macroeconomic effects of monetary policy shocks during the great moderation: An alternative interpretation
    Journal of Macroeconomics, 2016, 47, (PB), 300-314 Downloads View citations (1)
    See also Working Paper (2016)
  3. Monetary policy shocks and Cholesky VARs: an assessment for the Euro area
    Empirical Economics, 2016, 50, (2), 383-414 Downloads View citations (1)

2015

  1. Estimating Fiscal Multipliers: News From A Non‐linear World
    Economic Journal, 2015, (584), 746-776 Downloads View citations (63)
    See also Working Paper (2015)
  2. Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from A Robust Test
    Journal of Applied Econometrics, 2015, 30, (6), 924-947 Downloads View citations (9)
    See also Working Paper (2014)

2014

  1. POLICY RULES, REGIME SWITCHES, AND TREND INFLATION: AN EMPIRICAL INVESTIGATION FOR THE UNITED STATES
    Macroeconomic Dynamics, 2014, 18, (04), 920-942 Downloads View citations (4)
  2. Uncertainty shocks and unemployment dynamics in U.S. recessions
    Journal of Monetary Economics, 2014, 67, (C), 78-92 Downloads View citations (107)
    See also Working Paper (2015)

2013

  1. Monetary policy shocks and financial conditions: A Monte Carlo experiment
    Journal of International Money and Finance, 2013, 32, (C), 282-303 Downloads View citations (7)
  2. What does a Monetary Policy Shock Do? An International Analysis with Multiple Filters
    Oxford Bulletin of Economics and Statistics, 2013, 75, (5), 759-784 Downloads View citations (9)
    See also Working Paper (2012)

2012

  1. Estimating the Evolution of Money’s Role in the U.S. Monetary Business Cycle
    Journal of Money, Credit and Banking, 2012, 44, (1), 23-52 Downloads View citations (42)
    See also Working Paper (2009)
  2. POLICY SWITCH AND THE GREAT MODERATION: THE ROLE OF EQUILIBRIUM SELECTION
    Macroeconomic Dynamics, 2012, 16, (03), 449-471 Downloads View citations (5)
  3. Testing the Structural Interpretation of the Price Puzzle with a Cost-Channel Model
    Oxford Bulletin of Economics and Statistics, 2012, 74, (3), 425-452 Downloads View citations (16)
    See also Working Paper (2009)

2011

  1. Calvo vs. Rotemberg in a trend inflation world: An empirical investigation
    Journal of Economic Dynamics and Control, 2011, 35, (11), 1852-1867 Downloads View citations (28)
    See also Working Paper (2010)
  2. On the dynamics of international inflation
    Economics Letters, 2011, 112, (2), 189-191 Downloads View citations (5)

2010

  1. Monetary Policy, Inflation Expectations and The Price Puzzle
    Economic Journal, 2010, 120, (549), 1262-1283 Downloads View citations (60)
    See also Working Paper (2009)
  2. Stock market conditions and monetary policy in a DSGE model for the U.S
    Journal of Economic Dynamics and Control, 2010, 34, (9), 1700-1731 Downloads View citations (48)
    See also Working Paper (2010)
  3. Tracking U.S. inflation expectations with domestic and global indicators
    Journal of International Money and Finance, 2010, 29, (7), 1340-1356 Downloads View citations (4)
    See also Working Paper (2006)
  4. Trend inflation and macroeconomic volatilities in the post-WWII U.S. economy
    The North American Journal of Economics and Finance, 2010, 21, (1), 19-33 Downloads View citations (17)

2008

  1. Regime shifts and the stability of backward-looking Phillips curves in open economies
    Journal of International Money and Finance, 2008, 27, (1), 40-53 Downloads View citations (5)
    See also Working Paper (2006)

2007

  1. TAYLOR RULES AND INTEREST RATE SMOOTHING IN THE EURO AREA
    Manchester School, 2007, 75, (1), 1-16 Downloads View citations (36)

2006

  1. DESCRIBING THE FED’S CONDUCT WITH TAYLOR RULES: IS INTEREST RATE SMOOTHING IMPORTANT?
    The IUP Journal of Monetary Economics, 2006, IV, (3), 57-77
    See also Working Paper (2003)
  2. The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification?
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 1-22 Downloads View citations (6)

2005

  1. Learning-by-Doing vs. Learning by Researching in a model of climate change policy analysis
    Ecological Economics, 2005, 54, (2-3), 261-276 Downloads View citations (11)
    See also Working Paper (2003)

2004

  1. Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed
    Scottish Journal of Political Economy, 2004, 51, (1), 105-126 Downloads View citations (33)

2003

  1. Taylor rules, omitted variables, and interest rate smoothing in the US
    Economics Letters, 2003, 81, (1), 55-59 Downloads View citations (41)
    See also Working Paper (2004)
  2. What does Monetary Policy Reveal about a Central Bank's Preferences?
    Economic Notes, 2003, 32, (3), 335-359 Downloads View citations (18)

2001

  1. Emission Trading Restrictions with Endogenous Technological Change
    International Environmental Agreements: Politics, Law and Economics, 2001, 1, (3), 379-395 Downloads View citations (14)
    See also Working Paper (2000)
 
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