Access Statistics for Bruno Albuquerque

Author contact details at EconPapers.

Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Debt overhang and deleveraging in the US household sector: gauging the impact on consumption 0 0 9 32 1 5 34 75
Fiscal Institutions and Public Spending Volatility in Europe 0 1 8 84 1 2 14 149
Has US Household Deleveraging Ended? A Model-Based Estimate of Equilibrium Debt 0 0 0 7 0 2 7 42
Has US household deleveraging ended? a model-based estimate of equilibrium debt 0 2 6 46 1 5 20 112
On International Policy Coordination and the Correction of Global Imbalances 0 0 1 30 0 0 3 72
The Information Content Of Money And Credit For US Activity 0 0 2 26 0 2 18 22
The information content of money and credit for US activity 0 1 1 42 0 1 13 31
Will US inflation awake from the dead? The role of slack and non-linearities in the Phillips curveAbstract: The response of US inflation to the high levels of spare capacity during the Great Recession of 2007-09 was rather muted. At the same time, it has been argued that the short-term unemployment gap has a more prominent role in determining inflation, and either the closing of this gap or non-linearities in the Phillips curve could lead to a sudden pick-up in inflation. We revisit these issues by estimating Phillips curves over 1992Q1 to 2015Q1. Our main findings suggest that a Phillips curve model that takes into account inflation persistence, inflation expectations, supply shocks and labour market slack as determinants explains rather well the behaviour of inflation after the Great Recession, with little evidence of a "missing deflation puzzle". More important than the choice of the slack measure is the consideration of time-variation in the slope. In fact, we find that Phillips curve models with time-varying slope coefficients are able to outperform significantly the constant-slope model as well as other non-linear models over 2008Q1-2015Q1. JEL Classification: E31, E37, E58 0 18 18 18 1 9 9 9
Total Working Papers 0 22 45 285 4 26 118 512


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Fiscal institutions and public spending volatility in Europe 0 0 4 21 0 0 15 69
Fiscal institutions and public spending volatility in Europe 1 2 3 11 2 3 11 75
US household deleveraging following the Great Recession – a model-based estimate of equilibrium debt 0 0 10 38 3 6 32 94
What does money and credit tell us about real activity in the United States? 0 1 3 3 0 4 13 13
Total Journal Articles 1 3 20 73 5 13 71 251


Statistics updated 2017-05-02