Sebastian Rast retweeted
Rising government debt makes rate hikes fiscally costly and may intensify pressure on central banks. A new model with an endogenous upper bound on the interest rate coming from debt service constraints shows how an easing bias can fuel persistent inflation bis.org/publ/work1328.htm
Sebastian Rast retweeted
Make the most of this weekend and submit your paper to the #CEBRA24 Annual Meeting: cebra-events.org/
The @DNB_NL is organizing a session on "Monetary Policy and Supply Side Effects"
🔎 View the full #CFP here: cebra-events.org/call-for-pa…
Thanks to the committee: @TimoHaber, @seb_rast, @MavromatisK
#monetarypolicy #supplychain #supply #economics #macroeconomics
Sebastian Rast retweeted
Motivated by the strategy review from the FED & ECB, we (joint @lmelosi & Spence) examine how such a new strategy can be learned. We focus on the ZLB & the role of inflation surprises. Such shocks create a trade-off between establishing the new rule & higher short-term inflation.
New CEPR Discussion Paper - DP18235
Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Stops
Spencer Krane @ChicagoFed Leonardo Melosi @LeonardoMelosi @ChicagoFed Matthias Rottner @MatthiasRottner @bundesbank
ow.ly/AFoC50OX5eC
#CEPR_MEF
Sebastian Rast retweeted
How do retailers adjust their prices to households’ shopping behavior?
Find out in my JOB MARKET PAPER:
“Shopping, Demand Composition, and Equilibrium Prices”.
lukasnord.eu/files/Nord_JMP.…
A thread. #Econjobmarket #EconTwitter 1/12
Sebastian Rast retweeted
First publication! I am happy to share that our paper "Hitting the Elusive Inflation Target" (joint with @Francesco_Bia and @LeonardoMelosi ) is accepted at the 𝗝𝗼𝘂𝗿𝗻𝗮𝗹 𝗼𝗳 𝗠𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀. I am delighted about it & grateful to my co-authors.
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Sebastian Rast retweeted
Very glad that we had the chance to write a @voxeu column about our paper "Reversal Interest Rate and Macroprudential Policy”. Let me shortly summarize the main insights and conclusions.
