Details about Eric Sims

Access statistics for papers by Eric Sims.

Last updated 2024-03-06. Update your information in the RePEc Author Service.

Short-id: psi336

Working Papers

2025

1. Living Up to Expectations: The Effectiveness of Forward Guidance and Inflation Dynamics Post-Global Financial Crisis
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)

2023

2. Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Working Papers and Research, Marquette University, Center for Global and Economic Studies and Department of Economics (2023) View citations (1)

2022

3. Unconventional Monetary Policy According to HANK
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

2021

4. Identifying Monetary Policy Shocks Using the Central Bank's Information Set
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Identifying monetary policy shocks using the central bank’s information set, Journal of Economic Dynamics and Control, Elsevier (2022) (2022)
5. Identifying Monetary Policy Shocks Using the Central Bank’s Information Set
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
6. Tracking Weekly State-Level Economic Conditions
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in Working Papers, University of Pretoria, Department of Economics (2021) View citations (6)
   Working Papers, Banco de España (2021) View citations (6)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021) View citations (6)
   CESifo Working Paper Series, CESifo (2021) View citations (6)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   See also Journal Article Tracking Weekly State-Level Economic Conditions, The Review of Economics and Statistics, MIT Press (2024) View citations (6) (2024)

2020

7. Bury the Gold Standard? A Quantitative Exploration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
8. Can New Keynesian Models Survive the Barro-King Curse?
   Working Papers, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management
9. Wall Street vs. Main Street QE
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2019

10. Evaluating Central Banks' Tool Kit: Past, Present, and Future
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Evaluating Central Banks’ tool kit: Past, present, and future, Journal of Monetary Economics, Elsevier (2021) View citations (25) (2021)
11. The Four Equation New Keynesian Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article The Four-Equation New Keynesian Model, The Review of Economics and Statistics, MIT Press (2023) View citations (9) (2023)

2017

12. Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks
    2017 Meeting Papers, Society for Economic Dynamics View citations (25)
    Also in School of Economics Working Paper Series, LeBow College of Business, Drexel University (2017) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (25)
    See also Journal Article Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks, The Review of Economics and Statistics, MIT Press (2021) View citations (26) (2021)

2016

13. Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data, The Review of Economics and Statistics, MIT Press (2019) View citations (21) (2019)
14. Business Cycles, Investment Shocks, and the "Barro-King Curse"
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (4)
15. Differences in Quarterly Utilization-Adjusted TFP by Vintage, with an Application to News Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
16. Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Raise Rates to Raise Inflation? Neo‐Fisherianism in the New Keynesian Model, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (21) (2018)

2015

17. Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
18. On the Desirability of Nominal GDP Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article On the desirability of nominal GDP targeting, Journal of Economic Dynamics and Control, Elsevier (2016) View citations (55) (2016)
19. On the Welfare and Cyclical Implications of Moderate Trend Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Economics Series Working Papers, University of Oxford, Department of Economics (2015) View citations (17)
    See also Journal Article On the welfare and cyclical implications of moderate trend inflation, Journal of Monetary Economics, Elsevier (2018) View citations (25) (2018)

2013

20. The Output and Welfare Effects of Government Spending Shocks over the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Journal Article THE OUTPUT AND WELFARE EFFECTS OF GOVERNMENT SPENDING SHOCKS OVER THE BUSINESS CYCLE, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2018) View citations (57) (2018)

2012

21. Inflation Expectations and Readiness to Spend, Cross-Sectional Evidence
    Working Papers, University of Notre Dame, Department of Economics View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (15)
    See also Journal Article Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence, American Economic Journal: Economic Policy, American Economic Association (2015) View citations (252) (2015)
22. News, Non-Invertibility, and Structural VARs
    Working Papers, University of Notre Dame, Department of Economics View citations (71)
    See also Chapter News, Non-Invertibility, and Structural VARs, Advances in Econometrics, Emerald Group Publishing Limited (2012) View citations (1) (2012)
23. Uncertainty and Economic Activity: Evidence from Business Survey Data
    Working Papers, University of Notre Dame, Department of Economics View citations (12)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (43)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (62)
    See also Journal Article Uncertainty and Economic Activity: Evidence from Business Survey Data, American Economic Journal: Macroeconomics, American Economic Association (2013) View citations (767) (2013)

2011

24. Confidence and the Transmission of Government Spending Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (17)
    See also Journal Article Confidence and the transmission of government spending shocks, Journal of Monetary Economics, Elsevier (2012) View citations (369) (2012)
25. Reallocation and the Changing Nature of Economic Fluctuations
    2011 Meeting Papers, Society for Economic Dynamics View citations (38)

2009

26. Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence, American Economic Review, American Economic Association (2012) View citations (415) (2012)
27. News Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

Journal Articles

2024

1. Tracking Weekly State-Level Economic Conditions
   The Review of Economics and Statistics, 2024, 106, (2), 483-504 View citations (6)
   See also Working Paper Tracking Weekly State-Level Economic Conditions, NBER Working Papers (2021) View citations (6) (2021)

2023

2. The Four-Equation New Keynesian Model
   The Review of Economics and Statistics, 2023, 105, (4), 931-947 View citations (9)
   See also Working Paper The Four Equation New Keynesian Model, NBER Working Papers (2019) View citations (24) (2019)
3. Wall Street QE vs. Main Street Lending
   European Economic Review, 2023, 156, (C) View citations (3)

2022

4. Identifying monetary policy shocks using the central bank’s information set
   Journal of Economic Dynamics and Control, 2022, 145, (C)
   See also Working Paper Identifying Monetary Policy Shocks Using the Central Bank's Information Set, NBER Working Papers (2021) (2021)

2021

5. Evaluating Central Banks’ tool kit: Past, present, and future
   Journal of Monetary Economics, 2021, 118, (C), 135-160 View citations (25)
   See also Working Paper Evaluating Central Banks' Tool Kit: Past, Present, and Future, NBER Working Papers (2019) View citations (13) (2019)
6. Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks
   The Review of Economics and Statistics, 2021, 103, (2), 216-235 View citations (26)
   See also Working Paper Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks, 2017 Meeting Papers (2017) View citations (25) (2017)

2020

7. Are QE and Conventional Monetary Policy Substitutable?
   International Journal of Central Banking, 2020, 16, (1), 195-230 View citations (34)
8. Credit Market Frictions, Business Cycles, and Monetary Policy: The Research Contributions of Charles Carlstrom and Timothy Fuerst
   Economic Commentary, 2020, 2020, (07), 5

2019

9. Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data
   The Review of Economics and Statistics, 2019, 101, (1), 160-175 View citations (21)
   See also Working Paper Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data, NBER Working Papers (2016) View citations (5) (2016)
10. Without looking closer, it may seem cheap: Low interest rates and government borrowing
    Economics Letters, 2019, 180, (C), 28-32 View citations (5)

2018

11. Inflation, output and markup dynamics with purely forward-looking wage and price setters
    European Economic Review, 2018, 105, (C), 115-134 View citations (16)
12. On the welfare and cyclical implications of moderate trend inflation
    Journal of Monetary Economics, 2018, 99, (C), 56-71 View citations (25)
    See also Working Paper On the Welfare and Cyclical Implications of Moderate Trend Inflation, NBER Working Papers (2015) View citations (26) (2015)
13. Raise Rates to Raise Inflation? Neo‐Fisherianism in the New Keynesian Model
    Journal of Money, Credit and Banking, 2018, 50, (1), 243-259 View citations (21)
    See also Working Paper Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model, NBER Working Papers (2016) View citations (9) (2016)
14. THE OUTPUT AND WELFARE EFFECTS OF GOVERNMENT SPENDING SHOCKS OVER THE BUSINESS CYCLE
    International Economic Review, 2018, 59, (3), 1403-1435 View citations (57)
    See also Working Paper The Output and Welfare Effects of Government Spending Shocks over the Business Cycle, NBER Working Papers (2013) View citations (19) (2013)
15. The Relative Importance of Aggregate and Sectoral Shocks and the Changing Nature of Economic Fluctuations
    American Economic Journal: Macroeconomics, 2018, 10, (1), 119-48 View citations (46)
16. The state-dependent effects of tax shocks
    European Economic Review, 2018, 107, (C), 57-85 View citations (42)

2017

17. State-dependent fiscal multipliers: Calvo vs. Rotemberg
    Economics Letters, 2017, 159, (C), 190-194 View citations (6)

2016

18. On the desirability of nominal GDP targeting
    Journal of Economic Dynamics and Control, 2016, 69, (C), 21-44 View citations (55)
    See also Working Paper On the Desirability of Nominal GDP Targeting, NBER Working Papers (2015) View citations (7) (2015)
19. What׳s news in News? A cautionary note on using a variance decomposition to assess the quantitative importance of news shocks
    Journal of Economic Dynamics and Control, 2016, 73, (C), 41-60 View citations (11)

2015

20. Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence
    American Economic Journal: Economic Policy, 2015, 7, (1), 1-35 View citations (252)
    See also Working Paper Inflation Expectations and Readiness to Spend, Cross-Sectional Evidence, Working Papers (2012) View citations (11) (2012)

2014

21. Volatility and welfare
    Journal of Economic Dynamics and Control, 2014, 38, (C), 17-36 View citations (50)

2013

22. Uncertainty and Economic Activity: Evidence from Business Survey Data
    American Economic Journal: Macroeconomics, 2013, 5, (2), 217-49 View citations (767)
    See also Working Paper Uncertainty and Economic Activity: Evidence from Business Survey Data, Working Papers (2012) View citations (12) (2012)

2012

23. Confidence and the transmission of government spending shocks
    Journal of Monetary Economics, 2012, 59, (3), 235-249 View citations (369)
    See also Working Paper Confidence and the Transmission of Government Spending Shocks, NBER Working Papers (2011) View citations (27) (2011)
24. Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
    American Economic Review, 2012, 102, (4), 1343-77 View citations (415)
    See also Working Paper Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence, NBER Working Papers (2009) View citations (12) (2009)
25. Taylor rules and technology shocks
    Economics Letters, 2012, 116, (1), 92-95 View citations (3)

2011

26. News shocks and business cycles
    Journal of Monetary Economics, 2011, 58, (3), 273-289 View citations (421)

Chapters

2012

1. News, Non-Invertibility, and Structural VARs
   A chapter in DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments, 2012, pp 81-135 View citations (1)
   See also Working Paper News, Non-Invertibility, and Structural VARs, University of Notre Dame, Department of Economics (2012) View citations (71) (2012)