 | Public Debt and Household Inflation Expectations Author/Editor: Francesco Grigoli, Damiano Sandri. Release Date:March, 2023 We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household inflation expectations. We find that people underestimate public debt levels and more...
| Price: $20.00
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| Monetary Policy and Credit Card Spending Author/Editor: Francesco Grigoli, Damiano Sandri. Release Date:December, 2022 We analyze the impact of monetary policy on consumer spending using credit card data. Because of their high frequency, these data improve identification and allow for a precise characterization of more...
| Price: $20.00
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 | Monetary Finance Author/Editor: Itai Agur, Damien Capelle, Giovanni Dell'Ariccia, Damiano Sandri. Release Date:January, 2022 This paper reviews the theoretical arguments in favor and against MF and presents an empirical assessment of the risks that it may pose for inflation. more...
| Price: $20.00
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| Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market Author/Editor: Francesco Grigoli, Emiliano Luttini, Damiano Sandri. Release Date:December, 2021 This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate fluctuations in an emerging market using confidential data on the universe of Chilean firms. We find more...
| Price: $5.00
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| Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)? Author/Editor: Katharina Bergant, Francesco Grigoli, Niels-Jakob H Hansen, Damiano Sandri. Release Date:June, 2020 We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of more...
| Price: $18.00
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| FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability Author/Editor: Damiano Sandri. Release Date:June, 2020 We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX intervention. We find that swaps are profitable in expectation, suggesting that FX more...
| Price: $18.00
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| The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma Author/Editor: Paolo Cavallino, Damiano Sandri. Release Date:November, 2018 We provide a theory of the limits to monetary policy independence in open economies arising from the interaction between capital flows and domestic collateral constraints. The key feature of our more...
| Price: $18.00
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| Structural Reform Priorities for Brazil Author/Editor: Nina Biljanovska, Damiano Sandri. Release Date:October, 2018 Over the last few decades, Brazil has experienced relatively weak economic growth due to stagnant productivity. To boost productivity, Brazil should embark on an ambitious structural reform process. more...
| Price: $18.00
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| Optimal Reserves in Financially Closed Economies Author/Editor: Olivier Jeanne, Damiano Sandri. Release Date:April, 2016 Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of more...
| Price: $18.00
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| Dealing with Systemic Sovereign Debt Crises : Fiscal Consolidation, Bail-ins or Official Transfers? Author/Editor: Damiano Sandri. Release Date:October, 2015 The paper presents a tractable model to understand how international financial institutions (IFIs) should deal with the sovereign debt crisis of a systemic country, in which case private creditors' more...
| Price: $18.00
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