Details about Francesco Furlanetto

Access statistics for papers by Francesco Furlanetto.

Last updated 2025-01-07. Update your information in the RePEc Author Service.

Short-id: pfu72

Working Papers

2024

1. Asymmetric Gradualism in US Monetary Policy
   Tinbergen Institute Discussion Papers, Tinbergen Institute
2. Taylor Rules with Endogenous Regimes
   Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
   Also in Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School (2024) View citations (1)
3. The Slope of the Phillips Curve
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
4. What Drives the Recent Surge in Inflation? The Historical Decomposition Roller Coaster
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

5. Explaining Deviations from Okun's Law
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, European Central Bank (2022)
   Working Paper, Norges Bank (2022)

2021

6. Estimating Hysteresis Effects
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper, Norges Bank (2020) View citations (5)
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2021) View citations (16)
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2021) View citations (16)
   Working Papers, FEDEA (2021) View citations (15)
   See also Journal Article Estimating Hysteresis Effects, American Economic Journal: Macroeconomics, American Economic Association (2025) (2025)

2020

7. Norges Bank Output Gap Estimates: Forecasting Properties, Reliability and Cyclical Sensitivity
   Working Paper, Norges Bank View citations (1)
8. Online Appendix to "Output Gap, Monetary Policy Trade-offs, and Financial Frictions"
   Online Appendices, Review of Economic Dynamics View citations (1)
   See also Journal Article Output Gap, Monetary Policy Trade-offs, and Financial Frictions, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (3) (2021)
9. Output Gap, Monetary Policy Trade-offs, and Financial Frictions
   Working Papers, Federal Reserve Bank of Cleveland View citations (5)
   Also in Working Paper, Norges Bank (2017) View citations (2)
   See also Journal Article Output Gap, Monetary Policy Trade-offs, and Financial Frictions, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (3) (2021)

2019

10. Online Appendix to "Immigration and the macroeconomy: some new empirical evidence"
    Online Appendices, Review of Economic Dynamics View citations (33)
    See also Journal Article Immigration and the macroeconomy: some new empirical evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (39) (2019)
11. The decline of the labor share: new empirical evidence
    Working Paper, Norges Bank View citations (19)
    See also Journal Article The Decline of the Labor Share: New Empirical Evidence, American Economic Journal: Macroeconomics, American Economic Association (2022) View citations (31) (2022)

2018

12. Technology and the Two Margins of Labor Adjustment: A New Keynesian Perspective
    Working Paper, Norges Bank View citations (1)
    See also Journal Article Technology and the two margins of labor adjustment: a New Keynesian perspective, The B.E. Journal of Macroeconomics, De Gruyter (2020) View citations (1) (2020)

2017

13. Has the Fed responded to house and stock prices? A time-varying analysis
    Working Paper, Norges Bank View citations (12)
    Also in Working Papers, Banco de España (2017) View citations (14)
    See also Journal Article Has the Fed Responded to House and Stock Prices? A Time-Varying Analysis, The Review of Economics and Statistics, MIT Press (2023) View citations (8) (2023)
14. Immigration and the macroeconomy: some new empirical evidence
    Working Papers, Banco de España View citations (6)
    Also in Working Paper, Norges Bank (2016) View citations (27)
    See also Journal Article Immigration and the macroeconomy: some new empirical evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (39) (2019)

2016

15. Mismatch Shocks and Unemployment During the Great Recession
    Post-Print, HAL View citations (3)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2014) View citations (3)
    Working Paper, Norges Bank (2013) View citations (29)
    School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy (2014) View citations (3)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2015) View citations (3)
    School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy (2015) View citations (13)
    See also Journal Article Mismatch Shocks and Unemployment During the Great Recession, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2016) View citations (32) (2016)
16. Reallocation shocks, persistence and nominal rigidities
    Post-Print, HAL View citations (1)
    See also Journal Article Reallocation shocks, persistence and nominal rigidities, Economics Letters, Elsevier (2016) View citations (6) (2016)
17. Structural factors, unemployment and monetary policy: the useful role of the natural rate of interest
    Working Paper, Norges Bank

2015

18. Labor Supply Factors and Economic Fluctuations
    Working Paper, Norges Bank View citations (18)
    See also Journal Article LABOR SUPPLY FACTORS AND ECONOMIC FLUCTUATIONS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2018) View citations (50) (2018)

2014

19. Identification of financial factors in economic fluctuations
    Working Paper, Norges Bank View citations (36)
    Also in KOF Working papers, KOF Swiss Economic Institute, ETH Zurich (2014) View citations (18)
    See also Journal Article Identification of Financial Factors in Economic Fluctuations, The Economic Journal, Royal Economic Society (2019) View citations (55) (2019)
20. Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs
    IMF Working Papers, International Monetary Fund View citations (11)

2012

21. Matching efficiency and business cycle fluctuations
    Working Paper, Norges Bank View citations (14)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) View citations (13)

2011

22. Investment shocks and macroeconomic co-movement
    Working Paper, Norges Bank View citations (3)
    See also Journal Article Investment shocks and macroeconomic co-movement, Journal of Macroeconomics, Elsevier (2013) View citations (20) (2013)
23. New perspectives on depreciation shocks as a source of business cycle fluctuations
    Working Paper, Norges Bank View citations (9)
    Also in Economics, Department of Economics, Central bank of Iceland (2010) View citations (2)
    See also Journal Article NEW PERSPECTIVES ON DEPRECIATION SHOCKS AS A SOURCE OF BUSINESS CYCLE FLUCTUATIONS, Macroeconomic Dynamics, Cambridge University Press (2014) View citations (26) (2014)

2010

24. Investment-specific technology shocks and consumption
    Working Paper, Norges Bank View citations (19)
    Also in Economics, Department of Economics, Central bank of Iceland (2010) View citations (17)

2009

25. Fiscal stimulus in a credit crunch: the role of wage rigidity
    Working Paper, Norges Bank

2008

26. Does Monetary Policy React to Asset Prices? Some International Evidence
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie View citations (16)
    Also in Working Paper, Norges Bank (2008) View citations (14)
    See also Journal Article Does Monetary Policy React to Asset Prices? Some International Evidence, International Journal of Central Banking, International Journal of Central Banking (2011) View citations (36) (2011)
27. Fiscal shocks and real rigidities
    Working Paper, Norges Bank View citations (3)
    See also Journal Article Fiscal Shocks and Real Rigidities, The B.E. Journal of Macroeconomics, De Gruyter (2009) View citations (21) (2009)

2007

28. Fiscal Shocks and the Consumption Response when Wages are Sticky
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie View citations (10)
29. Rule-of-thumb consumers, productivity and hours
    Working Paper, Norges Bank View citations (9)
    See also Journal Article Rule‐of‐Thumb Consumers, Productivity, and Hours, Scandinavian Journal of Economics, Wiley Blackwell (2012) View citations (30) (2012)

Journal Articles

2025

1. Estimating Hysteresis Effects
   American Economic Journal: Macroeconomics, 2025, 17, (1), 35-70
   See also Working Paper Estimating Hysteresis Effects, CEPR Discussion Papers (2021) (2021)

2023

2. Has the Fed Responded to House and Stock Prices? A Time-Varying Analysis
   The Review of Economics and Statistics, 2023, 105, (5), 1314-1324 View citations (8)
   See also Working Paper Has the Fed responded to house and stock prices? A time-varying analysis, Working Paper (2017) View citations (12) (2017)
3. Norges Bank Output Gap Estimates: Forecasting Properties, Reliability, Cyclical Sensitivity and Hysteresis
   Oxford Bulletin of Economics and Statistics, 2023, 85, (1), 238-267 View citations (1)

2022

4. The Decline of the Labor Share: New Empirical Evidence
   American Economic Journal: Macroeconomics, 2022, 14, (3), 163-98 View citations (31)
   See also Working Paper The decline of the labor share: new empirical evidence, Working Paper (2019) View citations (19) (2019)

2021

5. Output Gap, Monetary Policy Trade-offs, and Financial Frictions
   Review of Economic Dynamics, 2021, 41, 52-70 View citations (3)
   See also Software Item Code and data files for "Output Gap, Monetary Policy Trade-offs, and Financial Frictions", Computer Codes (2020) (2020)
   Working Paper Online Appendix to "Output Gap, Monetary Policy Trade-offs, and Financial Frictions", Online Appendices (2020) View citations (1) (2020)
   Working Paper Output Gap, Monetary Policy Trade-offs, and Financial Frictions, Working Papers (2020) View citations (5) (2020)

2020

6. Technology and the two margins of labor adjustment: a New Keynesian perspective
   The B.E. Journal of Macroeconomics, 2020, 20, (1), 18 View citations (1)
   See also Working Paper Technology and the Two Margins of Labor Adjustment: A New Keynesian Perspective, Working Paper (2018) View citations (1) (2018)

2019

7. Identification of Financial Factors in Economic Fluctuations
   The Economic Journal, 2019, 129, (617), 311-337 View citations (55)
   See also Working Paper Identification of financial factors in economic fluctuations, Working Paper (2014) View citations (36) (2014)
8. Immigration and the macroeconomy: some new empirical evidence
   Review of Economic Dynamics, 2019, 34, 1-19 View citations (39)
   See also Working Paper Online Appendix to "Immigration and the macroeconomy: some new empirical evidence", Online Appendices (2019) View citations (33) (2019)
   Working Paper Immigration and the macroeconomy: some new empirical evidence, Working Papers (2017) View citations (6) (2017)
   Software Item Code and data files for "Immigration and the macroeconomy: some new empirical evidence", Computer Codes (2019) (2019)

2018

9. LABOR SUPPLY FACTORS AND ECONOMIC FLUCTUATIONS
   International Economic Review, 2018, 59, (3), 1491-1510 View citations (50)
   See also Working Paper Labor Supply Factors and Economic Fluctuations, Working Paper (2015) View citations (18) (2015)

2016

10. Mismatch Shocks and Unemployment During the Great Recession
    Journal of Applied Econometrics, 2016, 31, (7), 1197-1214 View citations (32)
    See also Working Paper Mismatch Shocks and Unemployment During the Great Recession, Post-Print (2016) View citations (3) (2016)
11. Reallocation shocks, persistence and nominal rigidities
    Economics Letters, 2016, 141, (C), 151-155 View citations (6)
    See also Working Paper Reallocation shocks, persistence and nominal rigidities, Post-Print (2016) View citations (1) (2016)

2014

12. Investment shocks and consumption
    European Economic Review, 2014, 66, (C), 111-126 View citations (29)
13. NEW PERSPECTIVES ON DEPRECIATION SHOCKS AS A SOURCE OF BUSINESS CYCLE FLUCTUATIONS
    Macroeconomic Dynamics, 2014, 18, (6), 1209-1233 View citations (26)
    See also Working Paper New perspectives on depreciation shocks as a source of business cycle fluctuations, Working Paper (2011) View citations (9) (2011)

2013

14. Investment shocks and macroeconomic co-movement
    Journal of Macroeconomics, 2013, 37, (C), 208-216 View citations (20)
    See also Working Paper Investment shocks and macroeconomic co-movement, Working Paper (2011) View citations (3) (2011)

2012

15. Rule‐of‐Thumb Consumers, Productivity, and Hours
    Scandinavian Journal of Economics, 2012, 114, (2), 658-679 View citations (30)
    See also Working Paper Rule-of-thumb consumers, productivity and hours, Working Paper (2007) View citations (9) (2007)

2011

16. Does Monetary Policy React to Asset Prices? Some International Evidence
    International Journal of Central Banking, 2011, 7, (3), 91-111 View citations (36)
    See also Working Paper Does Monetary Policy React to Asset Prices? Some International Evidence, Cahiers de Recherches Economiques du Département d'économie (2008) View citations (16) (2008)
17. Fiscal stimulus and the role of wage rigidity
    Journal of Economic Dynamics and Control, 2011, 35, (4), 512-527 View citations (41)

2009

18. Fiscal Shocks and Real Rigidities
    The B.E. Journal of Macroeconomics, 2009, 9, (1), 33 View citations (21)
    See also Working Paper Fiscal shocks and real rigidities, Working Paper (2008) View citations (3) (2008)

Software Items

2020

1. Code and data files for "Output Gap, Monetary Policy Trade-offs, and Financial Frictions"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Output Gap, Monetary Policy Trade-offs, and Financial Frictions, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (3) (2021)

2019

2. Code and data files for "Immigration and the macroeconomy: some new empirical evidence"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Immigration and the macroeconomy: some new empirical evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (39) (2019)