Carlos Carvalho

Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics

Rua Marques de Sao Vicente, 225/206F

Rio de Janeiro, RJ 22453

Brazil

http://https://sites.google.com/site/cvianac2/carloscarvalho

SCHOLARLY PAPERS

38

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214

CROSSREF CITATIONS

89

Scholarly Papers (38)

1.
Downloads 865 ( 35,530)
Citation 12

Sectoral Price Facts in a Sticky-Price Model

Number of pages: 41 Posted: 04 Jul 2010 Last Revised: 05 Feb 2020
Carlos Carvalho, Jae Won Lee and Woong Yong Park
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics and Seoul National University
Downloads 733 (43,926)
Citation 13

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heterogeneity, price stickiness, sectoral data, FAVAR, aggregate shocks, sectoral shocks

Sectoral Price Facts in a Sticky-Price Model

Number of pages: 53 Posted: 26 May 2011
Carlos Carvalho and Jae Won Lee
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics
Downloads 132 (275,822)
Citation 12

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heterogeneity, price stickiness, sectoral data, FAVAR, aggregate shocks, sectoral shocks

2.
Downloads 630 ( 54,531)
Citation 12

Anchored Inflation Expectations

Number of pages: 70 Posted: 15 Aug 2017 Last Revised: 28 Sep 2021
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, University of Texas at Austin, Frankfurt School of Finance and Management and University of Melbourne - Department of Economics
Downloads 612 (55,889)
Citation 13

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Anchored expectations, in ation expectations, survey data

Anchored Inflation Expectations

CAMA Working Paper No. 25/2020 (Updated August 2021)
Number of pages: 70 Posted: 17 Mar 2020 Last Revised: 28 Sep 2021
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, University of Texas at Austin, Frankfurt School of Finance and Management and University of Melbourne - Department of Economics
Downloads 18 (687,782)
Citation 4

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Anchored expectations, inflation expectations, survey data

Anchored Inflation Expectations

Number of pages: 73 Posted: 20 Aug 2019 Last Revised: 14 May 2021
University of Texas at Austin, Frankfurt School of Finance and Management, University of Melbourne - Department of Economics and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
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3.

ARCO: An Artificial Counterfactual Approach for High-Dimensional Panel Time-Series Data

Number of pages: 60 Posted: 17 Aug 2016 Last Revised: 23 Jul 2018
Carlos Carvalho, Ricardo Masini and Marcelo C. Medeiros
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Princeton University and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 518 (69,646)
Citation 6

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counterfactual analysis, comparative studies, LASSO, ArCo, synthetic control, policy evaluation, intervention, structural break, panel data, factor models.

4.
Downloads 427 ( 87,808)
Citation 23

Aggregation and the PPP Puzzle in a Sticky-Price Model

Number of pages: 49 Posted: 09 Nov 2008 Last Revised: 21 Sep 2010
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 334 (115,419)
Citation 1

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heterogeneity, aggregation, price stickiness, real exchange rates, PPP puzzle

Aggregation and the PPP Puzzle in a Sticky-Price Model

Number of pages: 48 Posted: 10 Nov 2008
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 93 (352,819)
Citation 25

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heterogeneity, aggregation, price stickiness, real exchange rates, PPP Puzzle

Aggregation and the PPP Puzzle in a Sticky-Price Model

American Economic Review, Vol. 101, No. 6, 2011
Posted: 20 Oct 2011
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco

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heterogeneity, aggregation, price stickiness, real exchange rates, PPP puzzle

5.
Downloads 416 ( 90,440)
Citation 8

The Persistent Effects of a False News Shock

Number of pages: 32 Posted: 21 May 2009 Last Revised: 17 Nov 2011
Carlos Carvalho, Nicholas Klagge and Emanuel Moench
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Federal Reserve Bank of New York and Frankfurt School of Finance and Management
Downloads 299 (130,042)
Citation 8

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false news, natural experiment, United Airlines, noise, market efficiency, contagion

The Persistent Effects of a False News Shock

Number of pages: 31 Posted: 17 Nov 2011 Last Revised: 22 Jul 2019
Carlos Carvalho, Nicholas Klagge and Emanuel Moench
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Federal Reserve Bank of New York and Frankfurt School of Finance and Management
Downloads 117 (301,630)
Citation 1

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fake news, false news, natural experiment, United Airlines, noise, market efficiency, contagion

The Persistent Effects of a False News Shock

Journal of Empirical Finance, Vol. 18, No. 4, 2011
Posted: 17 Nov 2011 Last Revised: 22 Jul 2019
Carlos Carvalho, Nicholas Klagge and Emanuel Moench
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Federal Reserve Bank of New York and Frankfurt School of Finance and Management

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Fake News, False News, Natural Experiment, United Airlines, Noise, Market Efficiency

6.

Do People Understand Monetary Policy?

Number of pages: 50 Posted: 15 Jan 2012 Last Revised: 01 Oct 2021
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 352 (109,448)
Citation 14

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survey data, monetary policy, communication, Taylor rule, inflation expectations, Michigan Survey, Survey of Professional Forecasters

7.

Demographics and Real Interest Rates: Inspecting the Mechanism

Number of pages: 35 Posted: 11 Jan 2016 Last Revised: 26 Feb 2018
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, University of Oxford - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 280 (139,935)
Citation 58

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Life expectancy, population growth, demographic transition, real interest rate, monetary policy, zero lower bound, Secular Stagnation

8.

Gambling, Risk Appetite and Asset Pricing

Number of pages: 59 Posted: 30 Nov 2017 Last Revised: 17 Apr 2018
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, XP investimentos, Insper and Department of Economics, PUC-Rio
Downloads 269 (145,850)

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Asset Pricing, Cross-Section, Predictability, Factors, CAPM, Conditional Model, Gambling, Casino

9.

Taylor Rule Estimation by OLS

Number of pages: 37 Posted: 23 Oct 2018 Last Revised: 28 Oct 2021
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco and Opus
Downloads 259 (151,546)
Citation 5

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Taylor Rule, OLS, GMM, Endogeneity Bias, New Keynesian Models

10.

Macroeconomic Effects of Credit Deepening in Latin America

Number of pages: 63 Posted: 02 Oct 2014 Last Revised: 27 Sep 2018
Carlos Carvalho, Nilda Pasca, Laura Souza and Eduardo Zilberman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Department of Economics, PUC-Rio
Downloads 241 (162,693)
Citation 1

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credit deepening; financial frictions; consignado credit; payroll lending

11.

The Perils of Counterfactual Analysis with Integrated Processes

Number of pages: 41 Posted: 06 Jan 2017
Carlos Carvalho, Ricardo Masini and Marcelo C. Medeiros
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Princeton University and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 224 (174,507)
Citation 2

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Counterfactual Analysis, Comparative Studies, Panel Data, ArCo, Synthetic Control, Policy Evaluation, Intervention, Cointegration, Factor Models, Spurious Regression, Nonstationarity

The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data

Number of pages: 53 Posted: 17 Nov 2008 Last Revised: 12 Sep 2010
Carlos Carvalho and Niels Arne Dam
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Danmarks Nationalbank
Downloads 107 (321,480)
Citation 4

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heterogeneity, price stickiness, micro data, macro data, Bayesian estimation

The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data

Number of pages: 54 Posted: 06 Jan 2010 Last Revised: 25 Aug 2010
Carlos Carvalho and Niels Arne Dam
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Danmarks Nationalbank
Downloads 102 (332,163)
Citation 4

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heterogeneity, price stickiness, micro data, macro data, Bayesian estimation

13.

Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models

Number of pages: 49 Posted: 02 Jul 2014 Last Revised: 12 Apr 2019
Carlos Carvalho, Fernanda Nechio, Fernanda Nechio and Fang Yao
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco and Friedrich-Alexander University of Erlangen-Nürnberg
Downloads 205 (189,530)
Citation 3

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real exchange rates, monetary policy, interest rate smoothing, PPP puzzle, persistence

14.

Sentiment, Electoral Uncertainty and Stock Returns

Number of pages: 52 Posted: 11 Mar 2017 Last Revised: 19 Aug 2017
Carlos Carvalho, Ruy Ribeiro and Eduardo Zilberman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Insper and Department of Economics, PUC-Rio
Downloads 191 (202,174)

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sentiment; stock returns; electoral uncertainty; event study; soccer

State-Dependent Pricing under Infrequent Information: A Unified Framework

Number of pages: 45 Posted: 12 May 2010 Last Revised: 14 May 2011
Marco Bonomo, Carlos Carvalho and René Garcia
Insper Institute of Education and Research, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Université de Montréal
Downloads 153 (244,857)
Citation 7

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menu costs, information costs, infrequent information, sticky information, inattentiveness, optimal price setting, state-dependent pricing, time-dependent pricing

State-Dependent Pricing Under Infrequent Information: A Unified Framework

Number of pages: 46 Posted: 24 Jun 2010 Last Revised: 16 May 2011
Marco Bonomo, Carlos Carvalho and René Garcia
Insper Institute of Education and Research, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Université de Montréal
Downloads 36 (563,836)
Citation 8

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Menu Costs, Information Costs, Infrequent Information, Sticky Information, Inattentiveness, Optimal Price Setting

16.

Just Words? A Quantitative Analysis of the Communication of the Central Bank of Brazil

Number of pages: 16 Posted: 06 Oct 2013 Last Revised: 24 Apr 2014
Carlos Carvalho, Fernando Cordeiro and Juliana Vargas
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and BR-Investimentos
Downloads 181 (211,982)
Citation 3

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Brazil, COPOM, central bank, communication, semantic, term-structure of interest rates, monetary policy

Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models

Number of pages: 38 Posted: 29 Nov 2012 Last Revised: 20 Jul 2018
Carlos Carvalho and Felipe F. Schwartzman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 152 (246,306)
Citation 3

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time-dependent pricing, monetary non-neutrality, general hazard function, selection effect, heterogeneity

Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models

Number of pages: 36 Posted: 20 Dec 2012 Last Revised: 12 May 2015
Carlos Carvalho and Felipe F. Schwartzman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 28 (612,722)
Citation 11

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price setting, monetary non-neutrality, general hazard function, selection effect, heterogeneity

18.

Persistent Monetary Non-Neutrality in an Estimated Menu Cost Model with Partially Costly Information

Number of pages: 45 Posted: 27 Mar 2016 Last Revised: 06 Dec 2021
Insper Institute of Education and Research, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Université de Montréal, World Bank and Harvard University
Downloads 173 (220,384)
Citation 4

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menu costs, information costs, infrequent information, partial information, inattentiveness, optimal price setting, state-dependent pricing, time-dependent pricing

19.

Transitions in Central Bank Leadership

Number of pages: 73 Posted: 11 Jul 2017
Carlos Carvalho, Tiago Flórido and Eduardo Zilberman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Harvard University and Department of Economics, PUC-Rio
Downloads 159 (236,714)

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monetary policy, transitions, central bank leadership, signalling, career concerns

20.

Time- and State-Dependent Pricing: A Unified Framework

Number of pages: 47 Posted: 19 Sep 2011
Marco Bonomo, Carlos Carvalho and René Garcia
Insper Institute of Education and Research, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Université de Montréal
Downloads 145 (255,265)
Citation 4

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menu costs, information costs, infrequent information, sticky information, inattentiveness, optimal price setting, state-dependent pricing, time-dependent pricing

21.

The Cross-sectional Distribution of Price Stickiness Implied by Aggregate Data

Number of pages: 39 Posted: 21 Jan 2015 Last Revised: 19 Jan 2020
Carlos Carvalho, Niels Arne Dam and Jae Won Lee
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Danmarks Nationalbank and Rutgers University, New Brunswick/Piscataway - Faculty of Arts and Sciences - New Brunswick/Piscataway - Department of Economics
Downloads 143 (258,120)

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real rigidities, heterogeneity in price stickiness, sales, regular prices, micro data, macro data, Bayesian estimation

22.

Policy Initiatives in the Global Recession: What Did Forecasters Expect?

Number of pages: 11 Posted: 25 Feb 2012
Carlos Carvalho, Stefano Eusepi and Christian Grisse
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, University of Texas at Austin and Swiss National Bank
Downloads 130 (277,864)
Citation 1

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unconventional monetary policy, inflation expectations

23.

Measuring the Effect of the Zero Lower Bound on Monetary Policy

Number of pages: 34 Posted: 23 Apr 2016 Last Revised: 04 Dec 2016
Carlos Carvalho, Eric Hsu, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, University of California, Berkeley and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 128 (281,077)
Citation 3

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communication, forward guidance, zero lower bound

24.

Price Selection

Number of pages: 36 Posted: 09 Aug 2018 Last Revised: 20 Jul 2021
Carlos Carvalho and Oleksiy Kryvtsov
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Bank of Canada
Downloads 121 (293,059)
Citation 3

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Consumer Price Index, Inflation, Prices, Selection Effect, Money Non-Neutrality

25.

Deindustrialization and Economic Diversification

Number of pages: 19 Posted: 28 Jan 2014 Last Revised: 29 Jan 2014
Tiago Berriel, Marco Bonomo and Carlos Carvalho
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Insper Institute of Education and Research and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 114 (305,784)
Citation 2

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diversification, deindustrialization, growth, portfolio problem, inefficiency

Loss Aversion, Asymmetric Market Comovements, and the Home Bias

Number of pages: 26 Posted: 23 Feb 2010 Last Revised: 10 Apr 2010
Kevin Amonlirdviman and Carlos Carvalho
Boston Consulting Group and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 102 (332,163)
Citation 4

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loss aversion, home bias, asymmetric return comovements, equity premium puzzle

Loss Aversion, Asymmetric Market Comovements, and the Home Bias

Journal of International Money and Finance, Vol. 29, No. 7, 2010
Posted: 20 Oct 2011
Carlos Carvalho and Kevin Amonlirdviman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Boston Consulting Group

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Loss Aversion, Home Bias, Asymmetric Market Comovements, Equity Premium Puzzle

Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing

FRB of New York Staff Report No. 355
Number of pages: 38 Posted: 17 Nov 2008 Last Revised: 03 Jun 2010
Marco Bonomo and Carlos Carvalho
Insper Institute of Education and Research and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 82 (381,827)
Citation 7

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disinflation, optimal price setting, endogenous time-dependent pricing

Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing

Journal of Money, Credit, and Banking, Vol. 42, No. 5, 2010
Posted: 20 Oct 2011
Marco Bonomo and Carlos Carvalho
Insper Institute of Education and Research and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics

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disinflation, credibility, optimal price setting, endogenous time-dependent pricing

28.

Factor Specificity and Real Rigidities

Number of pages: 29 Posted: 11 Sep 2014 Last Revised: 21 Aug 2016
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 81 (380,996)
Citation 1

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factor specificity, multisector model, heterogeneity, monetary non-neutrality

29.

Heterogeneous Price-Setting Behavior and Aggregate Dynamics: Some General Results

Number of pages: 43 Posted: 29 Nov 2012
Carlos Carvalho and Felipe F. Schwartzman
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 76 (395,158)
Citation 12

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heterogeneity, aggregation, price setting, general hazard function

30.

Multi-Product Pricing: Theory and Evidence From Large Retailers

Number of pages: 45 Posted: 29 May 2020 Last Revised: 02 Nov 2020
Insper Institute of Education and Research, Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Bank of Canada, Bank of Israel - Research Department and Harvard University
Downloads 74 (401,113)
Citation 4

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Inflation, Prices, Multi-Product Pricing, Menu Cost, Monetary Non-Neutrality

31.

What If Brazil Hadn't Floated the Real in 1999?

Number of pages: 42 Posted: 15 Mar 2016 Last Revised: 19 Apr 2018
Carlos Carvalho and André Vilela
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Government of the Federative Republic of Brazil - Central Bank of Brazil
Downloads 66 (426,642)

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monetary policy, regime shift, currency peg, inflation targeting, Brazil

32.

Real Exchange Rate Dynamics in Sticky-Price Models with Capital

Number of pages: 28 Posted: 13 Jul 2012 Last Revised: 22 May 2016
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 64 (433,427)

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real exchange rates, capital accumulation, factor mobility, multisector model, PPP puzzle

33.

Approximating Multisector New Keynesian Models

Number of pages: 18 Posted: 13 Sep 2017 Last Revised: 13 Nov 2017
Carlos Carvalho, Fernanda Nechio and Fernanda Nechio
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Federal Reserve Bank of San FranciscoFederal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 62 (440,423)

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Multisector Approximation, Heterogeneity, Factor Specificity

34.

E Se o Brasil Não Tivesse Adotado Câmbio Flutuante em 1999? (What if Brazil Hadn't Floated the Real in 1999?)

Number of pages: 48 Posted: 17 Mar 2016 Last Revised: 19 Apr 2018
Carlos Carvalho and André Vilela
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics and Government of the Federative Republic of Brazil - Central Bank of Brazil
Downloads 57 (458,662)

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Política monetária, mudança de regime, câmbio fixo, metas para a inflação, Brasil

35.

Heterogeneous Sticky-Information Economies

Number of pages: 25 Posted: 14 Dec 2017
Carlos Carvalho
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics
Downloads 41 (526,080)

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sticky-information, heterogeneity

36.

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification

Number of pages: 45 Posted: 09 Aug 2017
Carlos Carvalho, Gee Hee Hong and Jing Zhou
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, International Monetary Fund (IMF) and Columbia University
Downloads 25 (615,699)

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Product scope, multi-product firms, risk diversification, firm dynamics, Asset Pricing, Business Objectives of the Firm, Firm Performance: Size, Diversification, and Scope, General

37.

Endogenous Time-Dependent Rules and Inflation Inertia

Journal of Money, Credit, and Banking, Vol. 36, No. 6, 2004
Posted: 18 Apr 2010
Marco Bonomo and Carlos Carvalho
Insper Institute of Education and Research and Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics

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time-dependent rules, optimal pricing rules, information costs,inflation inertia

38.

Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks

The Berkeley Electronic Journal of Macroeconomics, Vol. 2, No. 1, 2006
Posted: 18 Apr 2010
Carlos Carvalho
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics

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heterogeneity, price stickiness, aggregation, persistence, new Keynesian Phillips curve