Details about Fernanda Nechio

Access statistics for papers by Fernanda Nechio.

Last updated 2024-04-05. Update your information in the RePEc Author Service.

Short-id: pne215

Working Papers

2025

1. Fiscal policy design and inflation: The COVID-19 pandemic experience
   Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz
   See also Journal Article Fiscal policy design and inflation: The COVID-19 pandemic experience, Journal of International Money and Finance, Elsevier (2025) (2025)

2024

2. Industrial Composition of Syndicated Loans and Banks' Climate Commitments
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2024) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (1)
   Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2024) View citations (1)
3. Would the Euro Area Benefit from Greater Labor Mobility?
   Working Paper Series, Federal Reserve Bank of San Francisco

2023

4. Demographics and Real Interest Rates Across Countries and Over Time
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2023)
5. Inflationary Effects of Fiscal Support to Households and Firms
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2022)
   Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2022)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)

2022

6. Inflation and Wage Growth Since the Pandemic
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
   See also Journal Article Inflation and wage growth since the pandemic, European Economic Review, Elsevier (2023) View citations (10) (2023)

2021

7. 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)

2019

8. Inflation Globally
   Working Papers Central Bank of Chile, Central Bank of Chile
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2018)
   See also Chapter Inflation Globally, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2020) (2020)
9. Using Brexit to Identify the Nature of Price Rigidities
   2019 Meeting Papers, Society for Economic Dynamics View citations (2)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (1)
   See also Chapter Using Brexit To Identify the Nature of Price Rigidities, NBER Chapters, National Bureau of Economic Research, Inc (2020) (2020)
   Journal Article Using Brexit to identify the nature of price rigidities, Journal of International Economics, Elsevier (2021) View citations (7) (2021)

2017

10. 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)

2016

11. Demographics and Real Interest Rates: Inspecting the Mechanism
    2016 Meeting Papers, Society for Economic Dynamics View citations (243)
    Also in 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)
12. Measuring the effect of the zero lower bound on monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)
13. 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)

2015

14. 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)
15. Sticker Shocks: VAT changes and the substitution across expenditure categories
    2015 Meeting Papers, Society for Economic Dynamics
16. Sticker shocks: using VAT changes to estimate upper-level elasticities of substitution
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Sticker Shocks: Using VAT Changes to Estimate Upper-Level Elasticities of Substitution, Journal of the European Economic Association, European Economic Association (2019) View citations (16) (2019)

2014

17. Factor SpecifiÂ…city and Real Rigidities
    2014 Meeting Papers, Society for Economic Dynamics
18. Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Labour Markets in the Global Financial Crisis: The Good, the Bad and the Ugly, National Institute Economic Review, National Institute of Economic and Social Research (2014) View citations (2) (2014)
19. Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)

2013

20. Do People Understand Monetary Policy?
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (11)
    Working Paper Series, Federal Reserve Bank of San Francisco (2012)
    See also Journal Article Do people understand monetary policy?, Journal of Monetary Economics, Elsevier (2014) View citations (146) (2014)
21. Okun’s Macroscope: Changes in the Cyclical Behavior of Productivity and the Comovement between Output and Unemployment
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)
22. 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)
23. Shocks and Adjustments
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

2010

24. 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)
25. Foreign stock holdings: the role of information
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)

Journal Articles

2025

1. Fiscal policy design and inflation: The COVID-19 pandemic experience
   Journal of International Money and Finance, 2025, 150, (C)
   See also Working Paper Fiscal policy design and inflation: The COVID-19 pandemic experience, Santa Cruz Department of Economics, Working Paper Series (2025) (2025)
2. Introduction to the special issue on climate risks
   European Economic Review, 2025, 171, (C)

2024

3. International Influences on U.S. Inflation
   FRBSF Economic Letter, 2024, 2024, (27), 6
4. Wildfires and Real Estate Values in California
   Economic Review, 2024, 2024, (22), 5

2023

5. Challenges to Disinflation: The Brazilian Experience
   Brookings Papers on Economic Activity, 2023, 54, (1 (Spring)), 217-241 View citations (1)
6. Inflation and wage growth since the pandemic
   European Economic Review, 2023, 156, (C) View citations (10)
   See also Working Paper Inflation and Wage Growth Since the Pandemic, Working Paper Series (2022) View citations (3) (2022)
7. The Bell Curve of Global CO2 Emission Intensity
   FRBSF Economic Letter, 2023, 2023, (27), 6

2022

8. Wage Growth When Inflation Is High
   FRBSF Economic Letter, 2022, 2022, (25), 6 View citations (3)
9. Why Is U.S. Inflation Higher than in Other Countries?
   FRBSF Economic Letter, 2022, 2022, (07), 06 View citations (5)

2021

10. 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)
11. Using Brexit to identify the nature of price rigidities
    Journal of International Economics, 2021, 130, (C) View citations (7)
    See also Working Paper Using Brexit to Identify the Nature of Price Rigidities, 2019 Meeting Papers (2019) View citations (2) (2019)
    Chapter Using Brexit To Identify the Nature of Price Rigidities, NBER Chapters, 2020 (2020) (2020)

2019

12. How Much Do We Spend on Imports?
    FRBSF Economic Letter, 2019 View citations (2)
13. Inflation: Stress-Testing the Phillips Curve
    FRBSF Economic Letter, 2019 View citations (8)
14. Inflationary Effects of Trade Disputes with China
    FRBSF Economic Letter, 2019
15. Sticker Shocks: Using VAT Changes to Estimate Upper-Level Elasticities of Substitution
    Journal of the European Economic Association, 2019, 17, (3), 799-833 View citations (16)
    See also Working Paper Sticker shocks: using VAT changes to estimate upper-level elasticities of substitution, Working Paper Series (2015) View citations (2) (2015)
16. The Brexit Price Spike
    FRBSF Economic Letter, 2019
17. Why Is Inflation Low Globally?
    FRBSF Economic Letter, 2019 View citations (6)

2018

18. 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)

2017

19. Demographic Transition and Low U.S. Interest Rates
    FRBSF Economic Letter, 2017 View citations (3)

2016

20. 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)
21. Factor Specificity and Real Rigidities
    Review of Economic Dynamics, 2016, 22, 208-222 View citations (12)
    See also Software Item Code and data files for "Factor Specificity and Real Rigidities", Computer Codes (2016) (2016)
    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)
22. Fed Communication: Words and Numbers
    FRBSF Economic Letter, 2016 View citations (3)
23. Fed communication and the zero lower bound
    FRBSF Economic Letter, 2016 View citations (1)
24. Fed policy liftoff and emerging markets
    FRBSF Economic Letter, 2016
25. Has the Fed Fallen behind the Curve This Year?
    FRBSF Economic Letter, 2016 View citations (3)
26. How Important Is Information from FOMC Minutes?
    FRBSF Economic Letter, 2016 View citations (3)

2015

27. China in the global economy. SF Fed President John Williams talks with Zheng Liu, Mark Spiegel, and Fernanda Nechio of the international research team about China's economic slowdown and how it's affecting global economic activity
    Annual Report, 2015, 07-07
28. Finding normal: natural rates and policy prescriptions
    FRBSF Economic Letter, 2015
29. Have long-term inflation expectations declined?
    FRBSF Economic Letter, 2015 View citations (7)

2014

30. 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)
31. Fed tapering news and emerging markets
    FRBSF Economic Letter, 2014 View citations (19)
32. Household expectations and monetary policy
    FRBSF Economic Letter, 2014
33. Interpreting deviations from Okun’s Law
    FRBSF Economic Letter, 2014 View citations (19)
34. Labour Markets in the Global Financial Crisis: The Good, the Bad and the Ugly
    National Institute Economic Review, 2014, 228, R58-R64 View citations (2)
    Also in National Institute Economic Review, 2014, 228, (1), R58-R64 (2014) View citations (4)
    See also Working Paper Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly, Working Paper Series (2014) View citations (2) (2014)
35. Mixed signals: labor markets and monetary policy
    FRBSF Economic Letter, 2014 View citations (2)

2013

36. Labor markets in the global financial crisis
    FRBSF Economic Letter, 2013 View citations (2)

2012

37. Are U.S. corporate bonds exposed to Europe?
    FRBSF Economic Letter, 2012, (jun4) View citations (3)
38. Pricey oil, cheap natural gas, and energy costs
    FRBSF Economic Letter, 2012, (aug6) View citations (1)
39. U.S. and euro-area monetary policy by regions
    FRBSF Economic Letter, 2012, (feb27) View citations (13)

2011

40. 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)
41. Long-run impact of the crisis in Europe: reforms and austerity measures
    FRBSF Economic Letter, 2011, (mar7)
42. Monetary policy when one size does not fit all
    FRBSF Economic Letter, 2011, (june13) View citations (41)

2010

43. The Greek crisis: Argentina revisited?
    FRBSF Economic Letter, 2010, (nov1) View citations (5)

Chapters

2020

1. Financial market development, monetary policy and financial stability in Brazil
   A chapter in Financial market development, monetary policy and financial stability in emerging market economies, 2020, vol. 113, pp 55-65
2. Inflation Globally
   Chapter 08 in Changing Inflation Dynamics,Evolving Monetary Policy, 2020, vol. 27, pp 269-316
   See also Working Paper Inflation Globally, Central Bank of Chile (2019) (2019)
3. Using Brexit To Identify the Nature of Price Rigidities
   A chapter in NBER International Seminar on Macroeconomics 2020, 2020
   See also Working Paper Using Brexit to Identify the Nature of Price Rigidities, Society for Economic Dynamics (2019) View citations (2) (2019)
   Journal Article Using Brexit to identify the nature of price rigidities, Elsevier (2021) View citations (7) (2021)

Software Items

2016

1. 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)