Details about Pablo A. Guerron

Access statistics for papers by Pablo A. Guerron.

Last updated 2022-12-17. Update your information in the RePEc Author Service.

Short-id: pgu174

Working Papers

2024

1. Exchange Rate Disconnect Revisited
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Boston College Working Papers in Economics, Boston College Department of Economics (2023)
2. Filtering with Limited Information
   NBER Working Papers, National Bureau of Economic Research, Inc
3. The macroeconomic implications of the Gen-AI economy
   Boston College Working Papers in Economics, Boston College Department of Economics

2023

4. Financial and Macroeconomic Data Through the Lens of a Nonlinear Dynamic Factor Model
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)

2022

5. Bubbles, Crashes, and Economic Growth: Theory and Evidence
   Discussion Papers, Centre for Macroeconomics (CFM) View citations (1)

2021

6. Bubbles, Crashes, and Ups and Downs in Economic Growth: Theory and Evidence
   Discussion Papers, Centre for Macroeconomics (CFM)
7. Public Debt, Private Pain: Regional Borrowing, Default, and Migration
   Working Paper, Federal Reserve Bank of Richmond

2020

8. Bargaining Shocks and Aggregate Fluctuations
   Working Papers, Federal Reserve Bank of Philadelphia
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (6)
9. Estimating DSGE Models: Recent Advances and Future Challenges
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
10. Exchange Rates and Endogenous Productivity
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
11. Recurrent Bubbles and Economic Growth
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (2)
    Also in CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo (2019) View citations (3)
12. Uncertainty Shocks and Business Cycle Research
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    See also Journal Article Uncertainty Shocks and Business Cycle Research, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (28) (2020)

2019

13. On Liquidity Shocks and Asset Prices
    Bank of Japan Working Paper Series, Bank of Japan View citations (3)
    Also in Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University (2015) View citations (8)
14. On Regional Borrowing, Default, and Migration
    Working Paper, Federal Reserve Bank of Richmond View citations (8)

2018

15. On Regional Borrowing, Migration, and Default
    2018 Meeting Papers, Society for Economic Dynamics View citations (4)
16. Recurrent Bubbles, Economic Fluctuations, and Growth
    Bank of Japan Working Paper Series, Bank of Japan View citations (6)

2017

17. Macroeconomic Forecasting in Times of Crises
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
18. Political Distribution Risk and Aggregate Fluctuations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2017) View citations (6)
19. Political Distribution Risk and Business Cycles
    2017 Meeting Papers, Society for Economic Dynamics

2016

20. Endogenous Productivity, Exchange Rates, and Sudden Stops
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)
21. Impulse Response Matching Estimators for DSGE Models
    CESifo Working Paper Series, CESifo View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (3)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2014) View citations (3)
    Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University (2016) View citations (2)
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2014) View citations (3)
    See also Journal Article Impulse response matching estimators for DSGE models, Journal of Econometrics, Elsevier (2017) View citations (36) (2017)

2014

22. Estimating Dynamic Equilibrium Models with Stochastic Volatility
    Working Papers, BBVA Bank, Economic Research Department View citations (2)
    Also in Working Papers, FEDEA (2013)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
    Working Papers, Federal Reserve Bank of Philadelphia (2013)
    Working Papers, FEDEA (2014) View citations (2)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2013)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (2)
    See also Journal Article Estimating dynamic equilibrium models with stochastic volatility, Journal of Econometrics, Elsevier (2015) View citations (18) (2015)
23. Liquidity, Trends, and the Great Recession
    2014 Meeting Papers, Society for Economic Dynamics View citations (10)
    Also in UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2013) View citations (23)
    Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (4)
24. Municipal Bonds, Default, and Migration in General Equilibrium
    2014 Meeting Papers, Society for Economic Dynamics

2013

25. Dynamics of investment, debt, and default
    Working Papers, Federal Reserve Bank of Philadelphia View citations (16)
    See also Journal Article Dynamics of Investment, Debt, and Default, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (31) (2018)

2012

26. Bayesian Estimation of DSGE Models
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (17)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (7)
    See also Chapter Bayesian estimation of DSGE models, Chapters, Edward Elgar Publishing (2013) View citations (2) (2013)
27. Common and idiosyncratic disturbances in developed small open economies
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article Common and idiosyncratic disturbances in developed small open economies, Journal of International Economics, Elsevier (2013) View citations (20) (2013)
28. Interest rates and prices in an inventory model of money with credit
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article Interest rates and prices in an inventory model of money with credit, Journal of Monetary Economics, Elsevier (2016) View citations (4) (2016)
29. Nonlinear Adventures at the Zero Lower Bound
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (58)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (85)
    Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (89)
    See also Journal Article Nonlinear adventures at the zero lower bound, Journal of Economic Dynamics and Control, Elsevier (2015) View citations (188) (2015)
30. Supply-Side Policies and the Zero Lower Bound
    2012 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)
    See also Journal Article Supply-Side Policies and the Zero Lower Bound, IMF Economic Review, Palgrave Macmillan (2014) View citations (5) (2014)

2011

31. Fiscal Volatility Shocks and Economic Activity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (92)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (116)
    Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (39)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2011) View citations (94)
    See also Journal Article Fiscal Volatility Shocks and Economic Activity, American Economic Review, American Economic Association (2015) View citations (451) (2015)

2010

32. Common factors in small open economies: inference and consequences
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
33. Fortune or Virtue: Time Variant Volatilities versus Parameter Drifting in U.S. Data
    2010 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (39)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2010) View citations (24)
34. Fortune or virtue: time-variant volatilities versus parameter drifting
    Working Papers, Federal Reserve Bank of Philadelphia View citations (32)
35. Reading the Recent Monetary History of the U.S., 1959-2007
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (2)
    Working Papers, Federal Reserve Bank of Philadelphia (2010) View citations (4)
36. Risk Matters: The Real Effects of Volatility Shocks
    2010 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (29)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2009) View citations (56)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (33)
    See also Journal Article Risk Matters: The Real Effects of Volatility Shocks, American Economic Review, American Economic Association (2011) View citations (488) (2011)
37. The implications of inflation in an estimated New-Keynesian model
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article The implications of inflation in an estimated new Keynesian model, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (6) (2011)

2009

38. Do uncertainty and technology drive exchange rates?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
39. Frequentist Inference in Weakly Identified DSGE Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2009) View citations (4)

2008

40. What you match does matter: The effect of observables on DSGE
    2008 Meeting Papers, Society for Economic Dynamics

2007

41. The Welfare Costs of Inflation in a Micro-Founded Macroeconometric Model
    Working Paper Series, North Carolina State University, Department of Economics
42. What You Match Does Matter: The Effects of Data on DSGE Estimation
    Working Paper Series, North Carolina State University, Department of Economics
    See also Journal Article What you match does matter: the effects of data on DSGE estimation, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2010) View citations (65) (2010)

2006

43. Non-Separability, Heterogeneous Labor Supply, Investment, and the Business Cycle
    Working Paper Series, North Carolina State University, Department of Economics
44. Time-Dependent Portfolio Adjustment: Yet Another Look at the Dynamics
    Working Paper Series, North Carolina State University, Department of Economics
45. Why do Central Bankers Intervene in the Foreign Exchange Market? Some New Evidence and Theory
    Working Paper Series, North Carolina State University, Department of Economics

Journal Articles

2022

1. How Do Real Exchange Rates Vary in Hard and Soft Sovereign Defaults?
   Richmond Fed Economic Brief, 2022, 22, (40)
2. Politics and Income Distribution
   Economic Insights, 2022, 7, (2), 11-18

2020

3. Uncertainty Shocks and Business Cycle Research
   Review of Economic Dynamics, 2020, 37 Supplement 1, S118-S166 View citations (28)
   See also Working Paper Uncertainty Shocks and Business Cycle Research, NBER Working Papers (2020) View citations (30) (2020)

2019

4. Financial frictions, trends, and the great recession
   Quantitative Economics, 2019, 10, (2), 735-773 View citations (38)

2018

5. Dynamics of Investment, Debt, and Default
   Review of Economic Dynamics, 2018, 28, 71-95 View citations (31)
   See also Software Item Code and data files for "Dynamics of Investment, Debt, and Default", Computer Codes (2017) (2017)
   Working Paper Dynamics of investment, debt, and default, Working Papers (2013) View citations (16) (2013)

2017

6. Asymmetric business cycles and sovereign default
   Economics Letters, 2017, 161, (C), 116-119 View citations (1)
7. Impulse response matching estimators for DSGE models
   Journal of Econometrics, 2017, 196, (1), 144-155 View citations (36)
   See also Working Paper Impulse Response Matching Estimators for DSGE Models, CESifo Working Paper Series (2016) View citations (2) (2016)

2016

8. Interest rates and prices in an inventory model of money with credit
   Journal of Monetary Economics, 2016, 83, (C), 71-89 View citations (4)
   See also Working Paper Interest rates and prices in an inventory model of money with credit, Working Papers (2012) View citations (1) (2012)

2015

9. Estimating dynamic equilibrium models with stochastic volatility
   Journal of Econometrics, 2015, 185, (1), 216-229 View citations (18)
   See also Working Paper Estimating Dynamic Equilibrium Models with Stochastic Volatility, Working Papers (2014) View citations (2) (2014)
10. Fiscal Volatility Shocks and Economic Activity
    American Economic Review, 2015, 105, (11), 3352-84 View citations (451)
    See also Working Paper Fiscal Volatility Shocks and Economic Activity, CEPR Discussion Papers (2011) View citations (92) (2011)
11. Nonlinear adventures at the zero lower bound
    Journal of Economic Dynamics and Control, 2015, 57, (C), 182-204 View citations (188)
    See also Working Paper Nonlinear Adventures at the Zero Lower Bound, CEPR Discussion Papers (2012) View citations (58) (2012)

2014

12. Supply-Side Policies and the Zero Lower Bound
    IMF Economic Review, 2014, 62, (2), 248-260 View citations (5)
    See also Working Paper Supply-Side Policies and the Zero Lower Bound, 2012 Meeting Papers (2012) View citations (6) (2012)

2013

13. Common and idiosyncratic disturbances in developed small open economies
    Journal of International Economics, 2013, 90, (1), 33-49 View citations (20)
    See also Working Paper Common and idiosyncratic disturbances in developed small open economies, Working Papers (2012) (2012)
14. Frequentist inference in weakly identified dynamic stochastic general equilibrium models: Acronyms must be spelled out in titles for indexing purposes
    Quantitative Economics, 2013, 4, (2), 197-229
15. The economics of small open economies
    Business Review, 2013, (Q4), 9-18

2012

16. Risk and uncertainty
    Business Review, 2012, (Q1), 9-18 View citations (2)

2011

17. Economic Development and Heterogeneity in the Great Moderation among the States
    The B.E. Journal of Macroeconomics, 2011, 11, (1), 21 View citations (4)
18. Risk Matters: The Real Effects of Volatility Shocks
    American Economic Review, 2011, 101, (6), 2530-61 View citations (488)
    See also Working Paper Risk Matters: The Real Effects of Volatility Shocks, 2010 Meeting Papers (2010) View citations (8) (2010)
19. The implications of inflation in an estimated new Keynesian model
    Journal of Economic Dynamics and Control, 2011, 35, (6), 947-962 View citations (6)
    See also Working Paper The implications of inflation in an estimated New-Keynesian model, Working Papers (2010) (2010)

2010

20. Economic Development and Volatility among the States
    Economics Bulletin, 2010, 30, (3), 1963-1976 View citations (1)
21. Reading the recent monetary history of the United States, 1959-2007
    Review, 2010, 92, (May), 311-338 View citations (4)
22. What you match does matter: the effects of data on DSGE estimation
    Journal of Applied Econometrics, 2010, 25, (5), 774-804 View citations (65)
    See also Working Paper What You Match Does Matter: The Effects of Data on DSGE Estimation, Working Paper Series (2007) (2007)

2009

23. Money demand heterogeneity and the great moderation
    Journal of Monetary Economics, 2009, 56, (2), 255-266 View citations (26)

2008

24. Refinements on macroeconomic modeling: The role of non-separability and heterogeneous labor supply
    Journal of Economic Dynamics and Control, 2008, 32, (11), 3613-3630 View citations (19)

Chapters

2013

1. Bayesian estimation of DSGE models
   Chapter 21 in Handbook of Research Methods and Applications in Empirical Macroeconomics, 2013, pp 486-512 View citations (2)
   See also Working Paper Bayesian Estimation of DSGE Models, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) View citations (17) (2012)

Software Items

2017

1. Code and data files for "Dynamics of Investment, Debt, and Default"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Dynamics of Investment, Debt, and Default, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (31) (2018)