Details about Damjan Pfajfar

Access statistics for papers by Damjan Pfajfar.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: ppf8

Working Papers

2025

1. Endogenous Labor Supply in an Estimated New-Keynesian Model: Nominal versus Real Rigidities
   Working Papers, Federal Reserve Bank of Cleveland
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2023)
2. Households' Preferences Over Inflation and Monetary Policy Tradeoffs
   Working Papers, Federal Reserve Bank of Cleveland
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024) View citations (1)

2024

3. Inflation and Deflationary Biases in the Distribution of Inflation Expectations: Theory and Empirical Evidence from Nine Countries
   Working Papers, Federal Reserve Bank of Cleveland

2023

4. How to Limit the Spillover from an Inflation Surge to Inflation Expectations?
   Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät View citations (6)
   Also in CESifo Working Paper Series, CESifo (2023) View citations (5)
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2022) View citations (4)
   See also Journal Article How to limit the spillover from an inflation surge to inflation expectations?, Journal of Monetary Economics, Elsevier (2024) View citations (2) (2024)
5. The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences
   Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät View citations (1)
   Also in Working Paper Series in Economics, University of Lüneburg, Institute of Economics (2021)
   CESifo Working Paper Series, CESifo (2022) View citations (6)

2022

6. How to Limit the Spillover from the 2021 Inflation Surge to Inflation Expectations?
   VfS Annual Conference 2022 (Basel): Big Data in Economics, Verein für Socialpolitik / German Economic Association View citations (10)
7. How to Limit the Spillover from the 2021 Inflation Surge to Inflation Expectations?
   Working Paper Series in Economics, University of Lüneburg, Institute of Economics View citations (6)

2021

8. When is the fiscal multiplier high? A comparison of four business cycle phases
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (4)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) View citations (2)
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (3)
   See also Journal Article When is the fiscal multiplier high? A comparison of four business cycle phases, European Economic Review, Elsevier (2021) View citations (6) (2021)

2020

9. Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   See also Journal Article Latent variables analysis in structural models: A New decomposition of the kalman smoother, Journal of Economic Dynamics and Control, Elsevier (2021) (2021)
10. The Hidden Heterogeneity of Inflation Expectations and its Implications
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
11. The Multiplier Effect of Education Expenditure
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2019

12. Duration Dependence, Monetary Policy Asymmetries, and the Business Cycle
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
13. Inflation and Deflationary Biases in Inflation Expectations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    Also in Essex Finance Centre Working Papers, University of Essex, Essex Business School (2019) View citations (6)
    VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy, Verein für Socialpolitik / German Economic Association (2019) View citations (7)
    BIS Working Papers, Bank for International Settlements (2019) View citations (9)

2018

14. Confidence in Central Banks and Inflation Expectations
    2018 Meeting Papers, Society for Economic Dynamics
15. The Role of Expectations in Changed Inflation Dynamics
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
    See also Journal Article The Role of Expectations in Changed Inflation Dynamics, International Journal of Central Banking, International Journal of Central Banking (2022) View citations (3) (2022)

2017

16. Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (8)

2015

17. Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication
    VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy, Verein für Socialpolitik / German Economic Association View citations (3)
    Also in Macroeconomics and Finance Series, University of Hamburg, Department of Socioeconomics (2014) View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (2013) View citations (9)
    KOF Working papers, KOF Swiss Economic Institute, ETH Zurich (2013) View citations (10)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2013) View citations (9)
18. Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article Are survey expectations theory-consistent? The role of central bank communication and news, European Economic Review, Elsevier (2016) View citations (126) (2016)
19. Consumers' Attitudes and Their Inflation Expectations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    See also Journal Article Consumers' Attitudes and Their Inflation Expectations, International Journal of Central Banking, International Journal of Central Banking (2017) View citations (67) (2017)
20. Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    See also Journal Article INFLATION EXPECTATIONS AND MONETARY POLICY DESIGN: EVIDENCE FROM THE LABORATORY, Macroeconomic Dynamics, Cambridge University Press (2018) View citations (48) (2018)

2014

21. Consumer Attitudes and the Epidemiology of Inflation Expectations
    Discussion Paper, Tilburg University, Center for Economic Research View citations (8)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2014) View citations (8)
    Staff Working Papers, Bank of Canada (2014) View citations (8)
22. Experimental evidence on inflation expectation formation
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (106)
    See also Journal Article Experimental evidence on inflation expectation formation, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (96) (2014)
23. Loss Aversion and the Asymmetric Transmission of Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (80)
    Also in Discussion Papers, University of Copenhagen. Department of Economics (2012) View citations (15)
    See also Journal Article Loss aversion and the asymmetric transmission of monetary policy, Journal of Monetary Economics, Elsevier (2014) View citations (75) (2014)
24. Pricing decisions in an experimental dynamic stochastic general equilibrium economy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Pricing decisions in an experimental dynamic stochastic general equilibrium economy, Journal of Economic Behavior & Organization, Elsevier (2015) View citations (20) (2015)

2012

25. Credit Frictions, Collateral and the Cyclical Behaviour of the Finance Premium
    Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester View citations (10)
    See also Journal Article CREDIT FRICTIONS, COLLATERAL, AND THE CYCLICAL BEHAVIOR OF THE FINANCE PREMIUM, Macroeconomic Dynamics, Cambridge University Press (2014) View citations (28) (2014)
26. Credit Market Distortions, Asset Prices and Monetary Policy
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (3)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2008) View citations (14)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2012) View citations (3)
    Discussion Paper, Tilburg University, Center for Economic Research (2012) View citations (3)
    See also Journal Article CREDIT MARKET DISTORTIONS, ASSET PRICES AND MONETARY POLICY, Macroeconomic Dynamics, Cambridge University Press (2014) View citations (13) (2014)
27. Formation of Rationally Heterogeneous Expectations
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2012) View citations (1)
    See also Journal Article Formation of rationally heterogeneous expectations, Journal of Economic Dynamics and Control, Elsevier (2013) View citations (14) (2013)
28. News on Inflation and the Epidemiology of Inflation Expectations
    Discussion Paper, Tilburg University, Center for Economic Research View citations (2)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2012) View citations (1)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2012) View citations (1)
    See also Journal Article News on Inflation and the Epidemiology of Inflation Expectations, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (28) (2013)
29. Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory (Revised version of CentER DP 2011-053)
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2012) View citations (2)
30. Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory (Revised version of EBC DP 2011-014)
    Other publications TiSEM, Tilburg University, School of Economics and Management

2011

31. Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy
    Discussion Paper, Tilburg University, Center for Economic Research View citations (19)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2011) View citations (14)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2011) View citations (14)
32. Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory (Replaces CentER DP 2009-007)
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (4)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2011) View citations (46)
33. Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory (Replaced by CentER DP 2012-072)
    Discussion Paper, Tilburg University, Center for Economic Research View citations (5)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2011)

2010

34. Heterogeneity, Learning and Information Stickiness in Inflation Expectations
    Post-Print, HAL View citations (113)
    See also Journal Article Heterogeneity, learning and information stickiness in inflation expectations, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (131) (2010)
35. Reference-Dependent Preferences and the Transmission of Monetary Policy
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (3)
    Also in Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven (2010) View citations (3)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (3)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (4)

2008

36. Asymmetries in Inflation Expectation Formation Across Demographic Groups
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (41)
37. Determinacy, Stock Market Dynamics and Monetary Policy Inertia
    Discussion Papers, University of Copenhagen. Department of Economics
    See also Journal Article Determinacy, stock market dynamics and monetary policy inertia, Economics Letters, Elsevier (2011) View citations (9) (2011)

2007

38. Heterogeneity, Asymmetries and Learning in InfIation Expectation Formation: An Empirical Assessment
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (3)

2006

39. Heterogeneity and learning in inflation expectation formation: an empirical assessment
    Department of Economics Working Papers, Department of Economics, University of Trento, Italia View citations (9)

Journal Articles

2024

1. How to limit the spillover from an inflation surge to inflation expectations?
   Journal of Monetary Economics, 2024, 144, (C) View citations (2)
   See also Working Paper How to Limit the Spillover from an Inflation Surge to Inflation Expectations?, Hannover Economic Papers (HEP) (2023) View citations (6) (2023)

2022

2. The Role of Expectations in Changed Inflation Dynamics
   International Journal of Central Banking, 2022, 18, (1), 199-238 View citations (3)
   See also Working Paper The Role of Expectations in Changed Inflation Dynamics, Finance and Economics Discussion Series (2018) View citations (3) (2018)

2021

3. Frictions in an Experimental Dynamic Stochastic General Equilibrium Economy
   Journal of Money, Credit and Banking, 2021, 53, (2-3), 555-587 View citations (3)
4. Latent variables analysis in structural models: A New decomposition of the kalman smoother
   Journal of Economic Dynamics and Control, 2021, 125, (C)
   See also Working Paper Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother, Finance and Economics Discussion Series (2020) (2020)
5. When is the fiscal multiplier high? A comparison of four business cycle phases
   European Economic Review, 2021, 138, (C) View citations (6)
   See also Working Paper When is the fiscal multiplier high? A comparison of four business cycle phases, LSE Research Online Documents on Economics (2021) View citations (4) (2021)

2020

6. Inflation: Drivers and Dynamics | 2019 CEBRA Annual Meeting Session Summary
   Economic Commentary, 2020, 2020, (14), 3

2018

7. INFLATION EXPECTATIONS AND MONETARY POLICY DESIGN: EVIDENCE FROM THE LABORATORY
   Macroeconomic Dynamics, 2018, 22, (4), 1035-1075 View citations (48)
   See also Working Paper Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory, Finance and Economics Discussion Series (2015) View citations (4) (2015)

2017

8. Consumers' Attitudes and Their Inflation Expectations
   International Journal of Central Banking, 2017, 13, (1), 225-259 View citations (67)
   See also Working Paper Consumers' Attitudes and Their Inflation Expectations, Finance and Economics Discussion Series (2015) View citations (5) (2015)

2016

9. Are survey expectations theory-consistent? The role of central bank communication and news
   European Economic Review, 2016, 85, (C), 84-111 View citations (126)
   See also Working Paper Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News, Finance and Economics Discussion Series (2015) View citations (1) (2015)
10. Uncertainty in forecasting inflation and monetary policy design: Evidence from the laboratory
    International Journal of Forecasting, 2016, 32, (3), 849-864 View citations (9)

2015

11. Pricing decisions in an experimental dynamic stochastic general equilibrium economy
    Journal of Economic Behavior & Organization, 2015, 109, (C), 188-202 View citations (20)
    See also Working Paper Pricing decisions in an experimental dynamic stochastic general equilibrium economy, Finance and Economics Discussion Series (2014) (2014)

2014

12. CREDIT FRICTIONS, COLLATERAL, AND THE CYCLICAL BEHAVIOR OF THE FINANCE PREMIUM
    Macroeconomic Dynamics, 2014, 18, (5), 985-997 View citations (28)
    Also in EconStor Open Access Articles and Book Chapters, 2014, 18, (5), 985-997 (2014) View citations (23)
    See also Working Paper Credit Frictions, Collateral and the Cyclical Behaviour of the Finance Premium, Centre for Growth and Business Cycle Research Discussion Paper Series (2012) View citations (10) (2012)
13. CREDIT MARKET DISTORTIONS, ASSET PRICES AND MONETARY POLICY
    Macroeconomic Dynamics, 2014, 18, (3), 631-650 View citations (13)
    See also Working Paper Credit Market Distortions, Asset Prices and Monetary Policy, Other publications TiSEM (2012) View citations (3) (2012)
14. Experimental evidence on inflation expectation formation
    Journal of Economic Dynamics and Control, 2014, 44, (C), 147-168 View citations (96)
    See also Working Paper Experimental evidence on inflation expectation formation, Other publications TiSEM (2014) View citations (106) (2014)
15. Loss aversion and the asymmetric transmission of monetary policy
    Journal of Monetary Economics, 2014, 68, (C), 19-36 View citations (75)
    See also Working Paper Loss Aversion and the Asymmetric Transmission of Monetary Policy, CEPR Discussion Papers (2014) View citations (80) (2014)
16. The role of financial intermediaries in monetary policy transmission
    Journal of Economic Dynamics and Control, 2014, 43, (C), 1-11 View citations (41)

2013

17. Formation of rationally heterogeneous expectations
    Journal of Economic Dynamics and Control, 2013, 37, (8), 1434-1452 View citations (14)
    See also Working Paper Formation of Rationally Heterogeneous Expectations, Other publications TiSEM (2012) View citations (1) (2012)
18. News on Inflation and the Epidemiology of Inflation Expectations
    Journal of Money, Credit and Banking, 2013, 45, (6), 1045-1067 View citations (28)
    Also in Journal of Money, Credit and Banking, 2013, 45, (6), 1045-1067 (2013) View citations (66)
    See also Working Paper News on Inflation and the Epidemiology of Inflation Expectations, Discussion Paper (2012) View citations (2) (2012)

2011

19. Determinacy, stock market dynamics and monetary policy inertia
    Economics Letters, 2011, 112, (1), 7-10 View citations (9)
    See also Working Paper Determinacy, Stock Market Dynamics and Monetary Policy Inertia, Discussion Papers (2008) (2008)

2010

20. Heterogeneity, learning and information stickiness in inflation expectations
    Journal of Economic Behavior & Organization, 2010, 75, (3), 426-444 View citations (131)
    See also Working Paper Heterogeneity, Learning and Information Stickiness in Inflation Expectations, Post-Print (2010) View citations (113) (2010)

Chapters

2014

1. Persistence of Shocks in an Experimental Dynamic Stochastic General Equilibrium Economy
   A chapter in Experiments in Macroeconomics, 2014, vol. 17, pp 71-108 View citations (7)