Details about Francesco Lippi

Homepage:	https://sites.google.com/view/francesco-lippi/bio
Postal address:	via Sallustiana, 62 00187 Rome - Italy
Workplace:	Istituto Einaudi per l'Economia e la Finanza (EIEF) (Einaudi Institute for Economics and Finance), (more information at EDIRC) Dipartimento di Economia e Finanza (DEF) (Department of Economics and Finance), Libera Università Internazionale degli Studi Sociali Guido Carli (LUISS) (International Free University of Social Sciences Guido Carli), (more information at EDIRC)

Access statistics for papers by Francesco Lippi.

Last updated 2022-05-06. Update your information in the RePEc Author Service.

Short-id: pli62

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Working Papers

2022

1. Price Setting with Strategic Complementarities as a Mean Field Game
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (2)

2021

2. Cash: A Blessing or a Curse?
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)
   See also Journal Article in Journal of Monetary Economics (2022)
3. Empirical Investigation of a Sufficient Statistic for Monetary Shocks
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (8)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (8)
   Working papers, Banque de France (2021) View citations (8)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
4. The Analytic Theory of a Monetary Shock
   Working Papers, Becker Friedman Institute for Research In Economics View citations (5)
   Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2019) View citations (4)
   NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (5)

2020

5. A Simple Planning Problem for COVID-19 Lockdown
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (448)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (434)
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2020) View citations (283)
6. The Macroeconomics of Sticky Prices with Generalized Hazard Functions
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (6)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (6)
   Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (8)
7. The fiscal arithmetic of a dual currency regime
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article in Journal of Money, Credit and Banking (2021)

2019

8. Simple fiscal arithmetic of a dual currency regime
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)

2018

9. Temporary Price Changes, Inflation Regimes and the Propagation of Monetary Shocks
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   See also Journal Article in American Economic Journal: Macroeconomics (2020)

2017

10. Cost of Inflation in Inventory Theoretical Models
    2017 Meeting Papers, Society for Economic Dynamics
    See also Journal Article in Review of Economic Dynamics (2019)

2016

11. Are State and Time Dependent Models Really Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2016) View citations (30)
    See also Journal Article in NBER Macroeconomics Annual (2017)
    Chapter (2016)
12. Price plans and the real effects of monetary policy
    2016 Meeting Papers, Society for Economic Dynamics
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2016)
13. The real effects of monetary shocks in sticky price models. A sufficient statistic approach
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (81)
    See also Journal Article in American Economic Review (2016)

2015

14. Cash burns - An inventory model with a cash-credit choice
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (13)
    See also Journal Article in Journal of Monetary Economics (2017)
15. Monetary Shocks in Models with Inattentive Producers
    2015 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2012) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014)
    See also Journal Article in Review of Economic Studies (2016)
16. Phillips curves with observation and menu costs
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (2)

2014

17. Small and Large Price Changes and the Propagation of Monetary Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (2)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2013) View citations (2)
    Working papers, Banque de France (2014) View citations (13)
18. State dependent monetary policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2013) View citations (3)
    Working Paper, Federal Reserve Bank of Richmond (2013) View citations (3)

2013

19. Monetary Shocks with Observation and Menu Costs
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2013) View citations (2)
20. Price setting with menu cost for multi-product firms
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (10)
    See also Journal Article in Econometrica (2014)
21. The demand of liquid assets with uncertain lumpy expenditures
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012)
    See also Journal Article in Journal of Monetary Economics (2013)

2012

22. On the optimal supply of liquidity with borrowing constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2011

23. Persistent Liquidity Effects and Long Run Money Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2010)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (3)
    See also Journal Article in American Economic Journal: Macroeconomics (2014)
24. The optimum Quantity of Money with Borrowing Constraints
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)

2010

25. A note on price adjustment with menu cost for multi-product firms
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (4)
26. Corporate Control and Executive Selection
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (4)
    Working Paper CRENoS, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia (2010) View citations (7)
    See also Journal Article in Quantitative Economics (2014)
27. Durable Consumption and Asset Management with Transaction and Observation Costs
    Economics Working Papers, European University Institute View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (6)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2010) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (8)
    See also Journal Article in American Economic Review (2012)
28. Oil and the Macroeconomy: A Quantitative Structural Analysis
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (6)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2009) View citations (24)
    See also Journal Article in Journal of the European Economic Association (2012)
29. Optimal Price Setting with Observation and Menu Costs
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (20)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (18)
    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 (18)
    See also Journal Article in The Quarterly Journal of Economics (2011)

2009

30. Corporate Ownership and Managerial Selection
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)

2008

31. Oil and the Macroeconomy: A Structural VAR Analysis with Sign Restrictions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
32. Technological change and the demand for currency: An analysis with household data
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (3)
33. Technological change and the households' demand for currency
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (2)
    See also Journal Article in Journal of Monetary Economics (2009)

2007

34. Financial Innovation and the Transactions Demand for Cash
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (16)
    See also Journal Article in Econometrica (2009)

2006

35. Did inflation really soar after the euro cash changeover? Indirect evidence from ATM withdrawals
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (12)

2005

36. L'introduzione dell'euro e le politiche di prezzo: analisi di un campione di dati individuali
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
37. Monetary Union with Voluntary Participation
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (2)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2004) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (1)
38. Pricing Behaviour and the Introduction of the Euro: Evidence from a Panel of Restaurants
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (20)
    See also Chapter (2008)
39. The Demand for Currency at Low Interest Rates
    2005 Meeting Papers, Society for Economic Dynamics

2004

40. Endogenous monetary policy with unobserved potential output
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (2)
    Also in CEIS Research Paper, Tor Vergata University, CEIS (2003) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2005)
41. Information variables for monetary policy in a small structural model of the euro area
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (12)

2003

42. Optimal Control and Filtering in Linear Forward-looking Economies: A Toolkit
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
43. Strategic Monetary Policy with Non-Atomistic Wage Setters
    CEIS Research Paper, Tor Vergata University, CEIS View citations (44)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2000) View citations (5)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (4)
    Working Papers, Banca Italia - Servizio di Studi (2000) View citations (20)
    See also Journal Article in Review of Economic Studies (2003)

2002

44. On the 'conquest' of inflation
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (4)

2001

45. Strategic Monetary Policy with Non-Atomistic Wage-Setters: Some Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2000

46. Labor Markets and Monetary Union: a Strategic Analysis
    Working Papers, Banca Italia - Servizio di Studi View citations (15)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2000) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (17)
    Discussion Paper, Tilburg University, Center for Economic Research (1999) View citations (3)
    Other publications TiSEM, Tilburg University, School of Economics and Management (1999) View citations (2)
    See also Journal Article in Economic Journal (2001)
47. Revisiting the Case for a Populist Central Banker
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)
    Also in Working Papers, Banca Italia - Servizio di Studi (2000) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (3)
    See also Journal Article in European Economic Review (2002)
48. The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries
    Working Papers, Banca Italia - Servizio di Studi View citations (51)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (62)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (29)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2000) View citations (63)
    See also Journal Article in European Economic Review (2005)

1999

49. Median Voter Preferences, Central Bank Independence and Conservatis
    Working Papers, Banca Italia - Servizio di Studi View citations (1)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (1999) View citations (5)
    See also Journal Article in Public Choice (2000)
50. Strategic Monetary Policy with Non-Atomistic Wage Setters: A Case for Non-Neutrality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

1998

51. Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (1998) View citations (11)
    Working Papers, Banca Italia - Servizio di Studi (1998) View citations (7)
52. Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence
    Discussion Paper, Tilburg University, Center for Economic Research View citations (4)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1998)
    See also Journal Article in European Economic Review (1999)

1993

53. Do Policy Makers, Disrtibutional Desires lead to an Inflationary Bias?
    Working Papers, Erasmus University of Rotterdam - Institute for Economic Research
    See also Journal Article in Journal of Policy Modeling (1996)
54. Rational Voters, Election and Central Banks
    Working Papers, Erasmus University of Rotterdam - Institute for Economic Research

Journal Articles

2022

1. Cash: A Blessing or a curse?
   Journal of Monetary Economics, 2022, 125, (C), 85-128 View citations (2)
   See also Working Paper (2021)

2021

2. A Simple Planning Problem for COVID-19 Lock-down, Testing, and Tracing
   American Economic Review: Insights, 2021, 3, (3), 367-82 View citations (59)
3. The Fiscal Arithmetic of a Dual Currency Regime
   Journal of Money, Credit and Banking, 2021, 53, (7), 1887-1897
   See also Working Paper (2020)

2020

4. Temporary Price Changes, Inflation Regimes, and the Propagation of Monetary Shocks
   American Economic Journal: Macroeconomics, 2020, 12, (1), 104-52 View citations (8)
   See also Working Paper (2018)

2019

5. Cost of Inflation in Inventory Theoretical Models
   Review of Economic Dynamics, 2019, 32, 206-226 View citations (5)
   See also Software Item (2018)
   Working Paper (2017)

2018

6. Monetary shocks in models with observation and menu costs
   Journal of the European Economic Association, 2018, 16, (2), 353-382 View citations (1)

2017

7. Are State- and Time-Dependent Models Really Different?
   NBER Macroeconomics Annual, 2017, 31, (1), 379 - 457 View citations (8)
   See also Working Paper (2016)
   Chapter (2016)
8. Cash burns: An inventory model with a cash-credit choice
   Journal of Monetary Economics, 2017, 90, (C), 99-112 View citations (27)
   See also Working Paper (2015)

2016

9. Monetary Shocks in Models with Inattentive Producers
   Review of Economic Studies, 2016, 83, (2), 421-459 View citations (13)
   See also Working Paper (2015)
10. The Real Effects of Monetary Shocks in Sticky Price Models: A Sufficient Statistic Approach
    American Economic Review, 2016, 106, (10), 2817-51 View citations (101)
    See also Working Paper (2016)

2015

11. Optimal monetary policy with heterogeneous money holdings
    Journal of Economic Theory, 2015, 159, (PA), 339-368 View citations (31)

2014

12. Corporate control and executive selection
    Quantitative Economics, 2014, 5, 417-456 View citations (11)
    See also Working Paper (2010)
13. Persistent Liquidity Effects and Long-Run Money Demand
    American Economic Journal: Macroeconomics, 2014, 6, (2), 71-107 View citations (17)
    See also Working Paper (2011)
14. Price Setting With Menu Cost for Multiproduct Firms
    Econometrica, 2014, 82, (1), 89-135 View citations (79)
    See also Working Paper (2013)

2013

15. The demand of liquid assets with uncertain lumpy expenditures
    Journal of Monetary Economics, 2013, 60, (7), 753-770 View citations (15)
    See also Working Paper (2013)

2012

16. Durable Consumption and Asset Management with Transaction and Observation Costs
    American Economic Review, 2012, 102, (5), 2272-2300 View citations (80)
    See also Working Paper (2010)
17. OIL AND THE MACROECONOMY: A QUANTITATIVE STRUCTURAL ANALYSIS
    Journal of the European Economic Association, 2012, 10, (5), 1059-1083 View citations (172)
    See also Working Paper (2010)

2011

18. Optimal Price Setting With Observation and Menu Costs
    The Quarterly Journal of Economics, 2011, 126, (4), 1909-1960 View citations (112)
    See also Working Paper (2010)

2009

19. Financial Innovation and the Transactions Demand for Cash
    Econometrica, 2009, 77, (2), 363-402 View citations (175)
    See also Working Paper (2007)
20. Technological change and the households' demand for currency
    Journal of Monetary Economics, 2009, 56, (2), 222-230 View citations (65)
    See also Working Paper (2008)

2007

21. Did Prices Really Soar after the Euro Cash Changeover? Evidence from ATM Withdrawals
    International Journal of Central Banking, 2007, 3, (4), 1-22 View citations (8)
    See also Chapter (2008)
22. Information variables for monetary policy in an estimated structural model of the euro area
    Journal of Monetary Economics, 2007, 54, (4), 1256-1270 View citations (38)

2006

23. Monetary Union with Voluntary Participation -super-1
    Review of Economic Studies, 2006, 73, (2), 437-457 View citations (23)

2005

24. Endogenous monetary policy with unobserved potential output
    Journal of Economic Dynamics and Control, 2005, 29, (11), 1951-1983 View citations (42)
    See also Working Paper (2004)
25. The monetary transmission mechanism: Evidence from the industries of five OECD countries
    European Economic Review, 2005, 49, (6), 1543-1569 View citations (219)
    See also Working Paper (2000)

2004

26. Pricing Behavior and the Introduction of the Euro: Evidence from a Panel of Restaurants in Italy
    Giornale degli Economisti, 2004, 63, (3-4), 491-526 View citations (10)

2003

27. Strategic Monetary Policy with Non-Atomistic Wage Setters
    Review of Economic Studies, 2003, 70, (4), 909-919 View citations (43)
    See also Working Paper (2003)

2002

28. Revisiting the case for a populist central banker
    European Economic Review, 2002, 46, (3), 601-612 View citations (23)
    See also Working Paper (2000)

2001

29. Labour Markets and Monetary Union: A Strategic Analysis
    Economic Journal, 2001, 111, (473), 541-65 View citations (74)
    See also Working Paper (2000)

2000

30. Median Voter Preferences, Central Bank Independence and Conservatism
    Public Choice, 2000, 105, (3-4), 323-38 View citations (10)
    See also Working Paper (1999)

1999

31. Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence
    European Economic Review, 1999, 43, (7), 1395-1434 View citations (205)
    See also Working Paper (1998)
32. Rational Voters, Elections, and Central Banks: Do Representative Democracies Need Nonrepresentative Institutions?
    Journal of Policy Modeling, 1999, 21, (4), 515-525 View citations (4)

1998

33. On Central Bank Independence and the Stability of Policy Targets
    Scandinavian Journal of Economics, 1998, 100, (2), 495-512 View citations (8)

1996

34. Do policymakers' distributional desires lead to an inflationary bias?
    Journal of Policy Modeling, 1996, 18, (1), 109-116 View citations (1)
    See also Working Paper (1993)

Books

1999

1. Central Bank Independence, Targets and Credibility
   Books, Edward Elgar Publishing View citations (21)

Chapters

2016

1. Are State- and Time-Dependent Models Really Different?
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 379-457 View citations (27)
   See also Working Paper (2016)
   Journal Article in NBER Macroeconomics Annual (2017)

2008

2. Did prices really soar after the euro cash changeover? Evidence from ATM withdrawals
   Springer View citations (3)
   See also Journal Article in International Journal of Central Banking (2007)
3. Pricing behaviour and the introduction of the euro: evidence from a panel of restaurants
   Springer View citations (1)
   See also Working Paper (2005)

2003

4. Monetary policy with unobservedpotential output
   A chapter in Monetary policy in a changing environment, 2003, vol. 19, pp 258-275

Software Items

2018

1. Code and data files for "Cost of Inflation in Inventory Theoretical Models"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2019)

2002

2. Matlab codes for escape dynamics
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles