Happy to see my paper titled “Inflated Concerns: Exposure to past Inflationary episodes and Preferences for Price Stability” (joint with Nicolas Magud) published at the JIE.
New at JIE: "Inflated concerns: Exposure to past inflationary episodes and preferences for price stability" by Nicolás E. Magud, Samuel Pienknagura
doi.org/10.1016/j.jinteco.20…
Samuel Pienknagura retweeted
New at JIE: "Inflated concerns: Exposure to past inflationary episodes and preferences for price stability" by Nicolás E. Magud, Samuel Pienknagura
doi.org/10.1016/j.jinteco.20…
Sharing my paper "Central bank independence and inflation tail risks—Evidence from emerging markets" (with @LuisIJacome1), which studies the link between central bank independence and episodes of unusually high inflation --i.e inflation tail risks.
nam10.safelinks.protection.o…
The paper, published at the JIMF, finds that, in addition to the negative association between CBI and inflation, central bank independence reduces the likelihood of high inflation episodes and the benefits of CBI in reducing unusually high inflation accumulate over time.
Can Consolidations Announcements Help Anchor Inflation Expectations? In a paper with Antonio David and Juan Yépez, recently published at the JIMF, we find they do in the medium-term (3 and 5-years ahead), but not in the short-term (one-year ahead).
sciencedirect.com/science/ar…
The inflation anchoring role of consolidations is enhanced by the strength of a country's fiscal and monetary frameworks, and when fiscal and monetary policy work in tandem. Initial conditions matter, as the anchoring role of consolidations is larger in high inflation countries
Delighted to share that my paper titled “Central Bank Independence and Inflation in Latin America—Through the Lens of History” (with @LuisIJacome1) is now available online at the JMCB.
Link: onlinelibrary.wiley.com/doi/…
I am happy to share that my paper "Central Bank Independence and Inflation in Latin America—Through the Lens of History" (co-authored with the great @LuisIJacome1 ) was accepted for publication in the Journal of Money, Credit and Banking.
The paper benefited from extremely useful comments from conference participants and, especially, from the referees. It is the culmination of project that started during the pandemic and was a great way to keep myself busy and engaged through my regular conversations with Luis.
The accepted paper is a streamlined version of the WP of the same name (link here):
imf.org/en/Publications/WP/I…
Samuel Pienknagura retweeted
Green innovation helps the #environment while also increasing economic activity in the short-to-medium term, thereby mitigating the costs of compliance with climate policies.
@HasnaZeina, Florence Jaumotte, Jaden Kim, @spienk80 & Gregor Schwerhoff @IMFNews
ow.ly/us3l50R91A7
The deployment of low-carbon technologies (LCTs), especially to EMDEs, is a crucial ingredient in the fight against climate change. In a recent IMF WP I assess the role of climate policies as a catalyst of LCT deployment through foreign direct investment.
imf.org/en/Publications/WP/I…
Check out my new working paper (joint with Antonio David and Juan Yepez Albornoz) titled "Can Fiscal Consolidation Announcements Anchor Inflation Expectations?" imf.org/en/Publications/WP/I…
The anchoring role of fiscal announcements is enhanced by strong fiscal and monetary frameworks, and when fiscal and monetary policy work in tandem. Initial conditions matter—inflation expectation’s response to consolidation announcements is larger in periods of high inflation.