David Lopez-Salido

Board of Governors of the Federal Reserve System

Associate Director - Monetary Affairs

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

67

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5,963

SSRN CITATIONS
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Top 163

in Total Papers Citations

1,025

CROSSREF CITATIONS

2,959

Scholarly Papers (67)

1.

Understanding the New Normal: The Role of Demographics

Number of pages: 74 Posted: 17 Oct 2016
Etienne Gagnon, Benjamin K. Johannsen and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 986 (29,438)
Citation 13

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Demographics, Equilibrium real interest rate, GDP growth, New normal

Understanding the Effects of Government Spending on Consumption

ECB Working Paper No. 339, FRB International Finance Discussion Paper No. 805
Number of pages: 56 Posted: 25 Aug 2004
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 417 (89,167)
Citation 14

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rule-of-thumb consumers, scal multiplier, government spending, Taylor rules

Understanding the Effects of Government Spending on Consumption

Number of pages: 54 Posted: 17 Oct 2005 Last Revised: 22 Aug 2021
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 56 (468,316)
Citation 69

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Understanding the Effects of Government Spending on Consumption

Number of pages: 57 Posted: 07 Oct 2005
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 22 (654,964)
Citation 49
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Rule-of-thumb consumers, non-Ricardian households, fiscal multiplier, government spending, Taylor rules

3.
Downloads 356 (107,711)
Citation 47

Housing Bubbles

Banco de Espana Working Paper No. 0815
Number of pages: 53 Posted: 04 Aug 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 352 (108,353)
Citation 34

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collateral constraints, buy-to-let investment, housing bubbles, switching bubbles, welfare

Housing Bubbles

Number of pages: 50 Posted: 02 Dec 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 4 (804,463)
Citation 2
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buy-to-let investment, collateral constraints, housing bubbles, switching

4.

Understanding UK Inflation: The Role of Openness

Bank of England Working Paper No. 164
Number of pages: 54 Posted: 09 Mar 2003
Ravi Balakrishnan and David Lopez-Salido
International Monetary Fund (IMF) - Fiscal Affairs Department and Board of Governors of the Federal Reserve System
Downloads 316 (122,805)
Citation 24

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Inflation dynamics, open economy New Phillips Curve

5.

Financial Stability and Optimal Interest-Rate Policy

Number of pages: 72 Posted: 19 Aug 2016 Last Revised: 21 Sep 2016
Andrea Ajello, Thomas Laubach, David Lopez-Salido and Taisuke Nakata
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 286 (136,442)
Citation 12

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6.

Inflation Persistence and Optimal Monetary Policy in the Euro Area

Number of pages: 42 Posted: 14 Jan 2003
Pierpaolo Benigno and David Lopez-Salido
Luiss Guido Carli University and Board of Governors of the Federal Reserve System
Downloads 262 (149,265)
Citation 1

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Optimal Monetary Policy, Currency Areas, Inflation Dynamics

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Number of pages: 47 Posted: 05 Jul 2015 Last Revised: 08 Dec 2018
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 233 (167,074)
Citation 2

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Intertemporal risk prices, Risk-return tradeoff

Risk-Adjusted Linearizations of Dynamic Equilibrium Models

Banque de France Working Paper No. 702
Number of pages: 42 Posted: 11 Dec 2018
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 15 (710,479)
Citation 5

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Intertemporal risk prices, Risk-return tradeoff

8.
Downloads 236 (165,426)
Citation 48

Credit-Market Sentiment and the Business Cycle

FEDS Working Paper No. 2015-028r1, http://dx.doi.org/10.17016/FEDS.2015.028r1
Number of pages: 57 Posted: 24 May 2015
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Bank for International Settlements (BIS)
Downloads 131 (276,614)

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business cycles, credit-market sentiment, financial stability

Credit-Market Sentiment and the Business Cycle

Number of pages: 57 Posted: 11 Jan 2017
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Bank for International Settlements (BIS)
Downloads 86 (369,893)
Citation 1

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Business cycles, Credit-market sentiment, Financial stability

Credit-Market Sentiment and the Business Cycle

Number of pages: 46 Posted: 20 Jan 2016 Last Revised: 14 Oct 2021
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Bank for International Settlements (BIS)
Downloads 19 (678,363)
Citation 31

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Nominal Rigidities and the Term Structures of Equity and Bond Returns

Number of pages: 44 Posted: 05 Jul 2015 Last Revised: 24 Jul 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 123 (290,085)
Citation 4

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Structural term structure modeling, Equity and bond yields, Habit formation, Nominal rigidities

Nominal Rigidities and the Term Structures of Equity and Bond Returns

FEDS Working Paper No. 2015-064, http://dx.doi.org/10.17016/FEDS.2015.064
Number of pages: 45 Posted: 25 Aug 2015
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 94 (349,391)
Citation 3

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Equity and bond yields, Habit formation, Nominal rigidities, Structural term structure modeling

10.

Money-Financed Fiscal Programs: A Cautionary Tale

Number of pages: 48 Posted: 05 Jun 2017
William B. English, Christopher J. Erceg and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 164 (229,880)
Citation 2

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DSGE Model, Fiscal policy, Liquidity Trap, Monetary policy, Currency union

11.

European Inflation Dynamics

Number of pages: 40 Posted: 29 Mar 2001 Last Revised: 17 Jun 2021
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 147 (251,674)
Citation 11

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House Prices, Rents, and Interest Rates Under Collateral Constraints

Banco de Espana Research Paper No. WP-0610
Number of pages: 45 Posted: 08 May 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 123 (290,085)
Citation 23

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price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

House Prices, Rents and Interest Rates Under Collateral Constraints

Number of pages: 42 Posted: 02 Aug 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 22 (654,964)
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Price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

13.

Government Spending and Consumption-Hours Preferences

"la Caixa" Working Paper No. 02/2006
Number of pages: 54 Posted: 06 Sep 2007
Pau Rabanal and David Lopez-Salido
La Caixa and Board of Governors of the Federal Reserve System
Downloads 143 (257,368)
Citation 4

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Non-Ricardian Consumers, Nonseparable Preferences, Fiscal Policy

The Empirical Implications of the Interest-Rate Lower Bound

Number of pages: 76 Posted: 08 Jan 2013
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Hutchin Hill Capital
Downloads 136 (268,790)
Citation 28

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Zero lower bound, DSGE model, Bayesian estimation

The Empirical Implications of the Interest-Rate Lower Bound

Number of pages: 59 Posted: 01 Feb 2013
Christopher Gust, David Lopez-Salido and Matthew E. Smith
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Hutchin Hill Capital
Downloads 4 (804,463)
Citation 51
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Bayesian estimation, DSGE model, zero lower bound

The Empirical Implications of the Interest-Rate Lower Bound

Number of pages: 57 Posted: 19 Jul 2021
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 1 (837,405)

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15.

Labor Market Effects of Technology Shocks

Banco de España Research Paper No. WP-0719
Number of pages: 68 Posted: 03 Jul 2007
Fabio Canova, David Lopez-Salido and Claudio Michelacci
BI Norwegian Business School, Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 136 (267,777)
Citation 37

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search frictions, technological progress, creative

Markups, Gaps, and the Welfare Costs of Business Fluctuations

UPF Economics and Business Working Paper 836
Number of pages: 46 Posted: 29 Nov 2005
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 50 (493,274)
Citation 2

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Business cycles, countercyclical markups, welfare costs

Markups, Gaps, and the Welfare Costs of Business Fluctuations

Number of pages: 47 Posted: 01 Jun 2006 Last Revised: 08 Sep 2021
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 33 (579,678)
Citation 7

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Markups, Gaps and the Welfare Costs of Business Fluctuations

Number of pages: 46 Posted: 03 Jan 2004
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 24 (639,786)
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Markups, Gaps and the Welfare Costs of Business Fluctuations

Number of pages: 37 Posted: 19 Mar 2002
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 20 (670,423)
Citation 31
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Business cycles, countercyclical markups, welfare costs

17.

Sticky-Price Models and the Natural Rate Hypothesis

FRB of St. Louis Working Paper No. 2005-018A
Number of pages: 36 Posted: 29 Jul 2005
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 112 (308,635)
Citation 14

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18.

Small Price Responses to Large Demand Shocks

Number of pages: 45 Posted: 07 Mar 2014
Etienne Gagnon and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 95 (344,325)
Citation 21

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Demand shocks, inflation, sales, labor conflicts, mass population displacement, severe weather events

19.

Inflation at Risk

Number of pages: 65 Posted: 14 May 2020
David Lopez-Salido and Francesca Loria
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 88 (361,313)

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Quantile regression; Inflation risks

Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area

FRB of St. Louis Working Paper No. 2007-005C, Banco de Espana Working Paper No. 0805
Number of pages: 45 Posted: 28 Feb 2007
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 80 (386,582)
Citation 1

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money, natural rate of interest, New Keynesian models

Money and the Natural Rate of Interest: Structural Estimates for the United States and the Euro Area

Number of pages: 47 Posted: 12 Jun 2008
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (824,094)
Citation 5
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money, natural rate, New Keynesian models

21.

From Taylor'S Rule to Bernanke'S Temporary Price Level Targeting

Number of pages: 46 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
James Hebden and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 68 (418,773)
Citation 3

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Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

Number of pages: 37 Posted: 07 Jun 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 36 (562,401)

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

Number of pages: 38 Posted: 05 Feb 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 22 (654,964)
Citation 2

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

Number of pages: 37 Posted: 06 May 2014 Last Revised: 28 Nov 2021
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 6 (787,616)
Citation 29

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23.

Portfolio Inertia and the Equity Premium

Number of pages: 41 Posted: 17 Nov 2009
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 60 (446,173)
Citation 1

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Limited financial market participation, infrequent portfolio adjustment, equity premium

The Transmission of Domestic Shocks in the Open Economy

Number of pages: 76 Posted: 09 Dec 2007
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 42 (530,667)

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Open economy Phillips Curve, Variable markups, Imported intermediate inputs

The Transmission of Domestic Shocks in the Open Economy

Number of pages: 71 Posted: 27 Nov 2007 Last Revised: 14 Mar 2021
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 16 (702,264)

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25.

On the Robust Effects of Technology Shocks on Hours Worked and Output

Number of pages: 29 Posted: 25 Jul 2007
Fabio Canova, David Lopez-Salido and Claudio Michelacci
BI Norwegian Business School, Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 58 (453,515)
Citation 6

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Technology disturbances, structural VARs, low frequency movements, news shocks

26.

The Federal Reserve's Large-Scale Asset Purchase Programs: Rationale and Effects

Number of pages: 58 Posted: 08 Jan 2013
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 57 (457,348)
Citation 13

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large-scale asset purchases, history of unconventional monetary policy, monetary transmission mechanism, longer-term interest rates, preferred habitat, duration channel

27.
Downloads 57 (457,348)
Citation 3

Monetary Policy and the Cyclicality of Risk

International Finance Discussion Paper No. 999
Number of pages: 38 Posted: 24 Jul 2010
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 53 (480,416)

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limited financial market participation, equity premium, inflation targeting

Monetary Policy and the Cyclicality of Risk

Number of pages: 31 Posted: 17 Mar 2010
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 4 (804,463)
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countercyclical equity premium, monetary policy, portfolio inertia, segmented markets

28.

The Money View Versus the Credit View

Number of pages: 33 Posted: 29 Jun 2018 Last Revised: 21 Feb 2019
Sarah S. Baker, David Lopez-Salido and Edward Nelson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 52 (476,533)

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Credit view, Money view, Recessions, Financial crises

Rule-of-Thumb Consumers and the Design of Interest Rate Rules

Number of pages: 42 Posted: 13 May 2004
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 20 (670,423)
Citation 5
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Taylor principle, interest rate rules, sticky prices, rule-of-thumb consumers

30.

Forward Guidance with Bayesian Learning and Estimation

Number of pages: 43 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Christopher Gust, Edward Herbst and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 51 (480,631)
Citation 4

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31.

Perturbations Around the Risky Steady State

Number of pages: 44 Posted: 31 Jul 2020
Pierlauro Lopez, David Lopez-Salido and Francisco Vazquez-Grande
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 46 (501,941)

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Perturbation methods, Risky steady state, Macroeconomic uncertainty, Risk modeling, Intertemporal choice under uncertainty

32.

Some Implications of Uncertainty and Misperception for Monetary Policy

Number of pages: 40 Posted: 29 Aug 2018 Last Revised: 21 Feb 2019
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 46 (501,941)
Citation 1

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33.

Macroeconometric Equivalence, Microeconomic Dissonance, and the Design of Monetary Policy

FRB of St. Louis Working Paper No. 2008-035A
Number of pages: 38 Posted: 12 Oct 2008
Andrew T. Levin, David Lopez-Salido, Edward Nelson and Tack Yun
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 44 (510,807)
Citation 9

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macroeconometric equivalence, alternative microfoundations, Ramsey optimal monetary policy, welfare analysis

Technology Shocks and Monetary Policy: Assessing the Fed's Performance

Number of pages: 29 Posted: 07 Feb 2002 Last Revised: 15 Feb 2002
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 27 (617,989)

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Technology Shocks and Monetary Policy: Assessing the Fed's Performance

Number of pages: 31 Posted: 14 Mar 2002
Jordi Galí, David Lopez-Salido and Javier Vallés
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 16 (702,264)
Citation 4
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Optimal monetary policy, monetary targeting, Taylor Rule, Fed behaviour

Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

National Bank of Belgium Working Paper No. 141
Number of pages: 53 Posted: 02 Oct 2010
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 20 (670,423)
Citation 1

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Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

Number of pages: 48 Posted: 18 Aug 2008 Last Revised: 04 Jun 2021
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 18 (686,255)
Citation 2

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Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

Number of pages: 49 Posted: 12 Jun 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 2 (824,094)
Citation 1
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Banks, Monetary Aggregates

36.

Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

Number of pages: 16 Posted: 24 Feb 2006 Last Revised: 18 Sep 2021
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 39 (534,378)
Citation 2

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37.

The Federal Reserve's Framework for Monetary Policy - Recent Changes and New Questions

Number of pages: 69 Posted: 31 May 2017
William B. English, David Lopez-Salido and Robert J. Tetlow
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 38 (539,400)
Citation 6

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38.

Monetary Policy, Incomplete Information, and the Zero Lower Bound

Number of pages: 41 Posted: 06 Nov 2015
Christopher Gust, Benjamin K. Johannsen and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 36 (549,638)

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39.

The Macroeconomic Implications of a Key Currency

Number of pages: 51 Posted: 20 Aug 2008 Last Revised: 02 Jun 2021
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
Downloads 30 (582,509)

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Short-term Planning, Monetary Policy, and Macroeconomic Persistence

Number of pages: 46 Posted: 14 May 2020
Christopher Gust, Edward Herbst and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 29 (604,495)
Citation 2

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Finite-horizon planning; Learning; Monetary policy; New keynesian model; Bayesian estimation

Short-Term Planning, Monetary Policy, and Macroeconomic Persistence

Number of pages: 57 Posted: 14 May 2021
Christopher Gust, Edward Herbst and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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41.

Consumption and Habits: Evidence from Panel Data

Number of pages: 37 Posted: 13 Nov 2002
Raquel Carrasco, J. Maria Labeaga Azcona and David Lopez-Salido
Universidad Carlos III de Madrid - Department of Economics, Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics and Board of Governors of the Federal Reserve System
Downloads 27 (600,893)
Citation 7
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Consumption, habits, panel data

Hysteresis Via Endogenous Rigidity in Wages and Participation

Number of pages: 43 Posted: 20 Apr 2017 Last Revised: 29 Apr 2020
Cynthia Doniger and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 25 (632,341)

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Hysteresis Via Endogenous Rigidity in Wages and Participation

Number of pages: 45 Posted: 22 Oct 2018
Cynthia Doniger and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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hysteresis, Jobless, Kinked Labor Supply, monopsony, Real Rigid- ity, strategic complementarity

43.
Downloads 24 (620,887)
Citation 15

Individual Price Adjustment Along the Extensive Margin

Posted: 14 Jun 2021
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics

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Individual Price Adjustment Along the Extensive Margin

Number of pages: 62 Posted: 18 Sep 2012
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 14 (718,974)

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Inflation, intensive margin, extensive margin

Individual Price Adjustment Along the Extensive Margin

Number of pages: 57 Posted: 14 Jul 2012 Last Revised: 08 Oct 2021
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 8 (770,375)

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Individual Price Adjustment Along the Extensive Margin

Number of pages: 59 Posted: 28 Sep 2012
Etienne Gagnon, David Lopez-Salido and Nicolas Vincent
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and HEC Montreal - Institute of Applied Economics
Downloads 2 (824,094)
Citation 3
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extensive margin, inflation, intensive margin

44.

Patterns of Convergence and Divergence in the Euro Area

Number of pages: 39 Posted: 25 Oct 2013
Ángel Estrada, Jordi Galí and David Lopez-Salido
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
Downloads 22 (634,806)
Citation 4

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45.

Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium

Number of pages: 54 Posted: 12 May 2004
Javier Andrés, David Lopez-Salido and Edward Nelson
University of Valencia - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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Citation 7
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Transmission mechanism, imperfect asset substitution, monetary policy, term structure

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

FRB Richmond Working Paper No. 08-1
Number of pages: 52 Posted: 11 Dec 2012
Michael U. Krause, Thomas Lubik and David Lopez-Salido
University of Cologne, Federal Reserve Banks - Federal Reserve Bank of Richmond and Board of Governors of the Federal Reserve System
Downloads 17 (694,134)
Citation 1

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Phillips curve, Bayesian estimation, marginal costs, labor market frictions

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

Number of pages: 54 Posted: 12 Jun 2008
Michael U. Krause, David Lopez-Salido and Thomas A. Lubik
University of Cologne, Board of Governors of the Federal Reserve System and Johns Hopkins University - Department of Economics
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Citation 3
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Bayesian estimation, labour market frictions, marginal costs, Phillips curve

47.

Technology Shocks and Job Flows

Number of pages: 71 Posted: 06 Jul 2004
Claudio Michelacci and David Lopez-Salido
Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 20 (648,936)
Citation 4
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Search frictions, technological progress, creative destruction

48.

Supply-Side Effects of Pandemic Mortality: Insights from an Overlapping-Generations Model

Number of pages: 19 Posted: 25 Aug 2020
Etienne Gagnon, Benjamin K. Johannsen and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 18 (663,338)

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Pandemics, Potential output, Real wage, Equilibrium real interest rate, Demographics, COVID-19

49.

The Cyclicality of Sales, Regular and Effective Prices: Comment

FEDS Working Paper No. 2015-052, http://dx.doi.org/10.17016/FEDS.2015.052
Number of pages: 26 Posted: 02 Aug 2015
Etienne Gagnon, David Lopez-Salido and Jason Sockin
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of Pennsylvania
Downloads 17 (670,541)
Citation 3

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effective prices, inflation measurement, outlet substitution bias

50.

The Federal Reserves Large-Scale Asset Purchase Programs: Rationale and Effects

Number of pages: 60 Posted: 28 Sep 2012
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 12 (708,763)
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CUSIP-level data, history of unconventional monetary policy, large-scale asset purchases, monetary transmission mechanism

51.

Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound

Number of pages: 52 Posted: 11 Jan 2010
Andrew T. Levin, David Lopez-Salido, Edward Nelson and Tack Yun
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 9 (732,439)
Citation 6
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Forward Guidance, Optimal Policy under Commitment, Zero Lower Bound

52.

The Money View Versus the Credit View

Number of pages: 35 Posted: 11 Jun 2018
David Lopez-Salido, Sarah S. Baker and Edward Nelson
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 4 (771,686)
Citation 1
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credit view, Financial crises, money view, Recessions

53.

The Effects of Technology Shocks on Hours and Output: A Robustness Analysis

Number of pages: 32 Posted: 11 Jun 2008
Fabio Canova, David Lopez-Salido and Claudio Michelacci
BI Norwegian Business School, Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
Downloads 4 (771,686)
Citation 8
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Long cycles, News shocks, Structural VARs, Technology disturbances

54.

Strategic Complementarities and Optimal Monetary Policy

Number of pages: 49 Posted: 30 May 2008
Andrew T. Levin, David Lopez-Salido and Tack Yun
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 4 (771,686)
Citation 2
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firm-specific factors, quasi-kinked demand, welfare analysis

55.

The Labour Market Effects of Technology Shocks

Number of pages: 64 Posted: 23 May 2008
Fabio Canova, David Lopez-Salido and Claudio Michelacci
BI Norwegian Business School, Board of Governors of the Federal Reserve System and Centre for Monetary and Financial Studies (CEMFI)
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Creative destruction, Search frictions, technological progress

56.

Patterns of Convergence and Divergence in the Euro Area

Number of pages: 41 Posted: 16 Oct 2013
Ángel Estrada, Jordi Galí and David Lopez-Salido
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
Downloads 3 (779,675)
Citation 1
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competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices

57.

Monetary and Fiscal Policy Coordination when Bonds Provide Transactions Services

Number of pages: 41 Posted: 12 Jun 2008
Georgetown University, Georgetown University - Department of Economics, Georgetown University and Board of Governors of the Federal Reserve System
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Citation 8
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Bonds, Monetary and Fiscal Policies, Transaction Services

58.

The Transmission of Domestic Shocks in Open Economies

Number of pages: 73 Posted: 06 Jun 2008
Christopher J. Erceg, Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 3 (779,675)
Citation 4
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imported intermediate inputs, open economy Phillips Curve, variable markups

59.

International Competition and Inflation: A New Keynesian Perspective

Number of pages: 46 Posted: 11 Jan 2010
Luca Guerrieri, Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (789,095)
Citation 7
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inflation, New Keynesian Phillips curve, variable markups

60.

Monetary Policy, Velocity, and the Equity Premium

Number of pages: 43 Posted: 08 Sep 2009
Christopher Gust and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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equity premium, monetary policy, velocity

61.

Do Low Interest Rates Harm Innovation, Competition, and Productivity Growth?

Number of pages: 87 Posted: 14 Jul 2021
David Lopez-Salido, Craig Chikis and Jonathan Goldberg
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Board
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62.

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

Posted: 14 Jul 2021
Michael U. Krause, David Lopez-Salido and Thomas Lubik
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and Federal Reserve Banks - Federal Reserve Bank of Richmond

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63.

Nominal Rigidities and the Term Structures of Equity and Bond Returns

Posted: 09 Jul 2021
Pier Lopez, David Lopez-Salido and Francisco Vazquez-Grande
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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64.

Measuring the Natural Rate of Interest: The Role of Inflation Expectations

Posted: 13 Aug 2020
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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65.

Inflation at Risk

Number of pages: 58 Posted: 23 Oct 2019
David Lopez-Salido and Francesca Loria
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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Citation 1
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Inflation risk, Quantile regression

66.

Mass Population Displacement and Retail Activities in the Wake of Hurricane Katrina

FEDS Notes No. 2015-08-26 https://doi.org/10.17016/2380-7172.1600
Posted: 24 Oct 2015
Etienne Gagnon and David Lopez-Salido
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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67.

Short- and Long-Run Phillips Trade-Offs and the Cost of Disinflationary Policies

CEPR Discussion Paper Series #1483
Posted: 05 May 1997
Juan Luis Vega-Croissier, Juan Jose Dolado and David Lopez-Salido
Europaische Zentralbank, Universidad Carlos III de Madrid - Department of Economics and Board of Governors of the Federal Reserve System

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