Florin O Bilbiie

Datos Biográficos

ID5731348
NOMBREFlorin O Bilbiie
NOMBRESFlorin
APELLIDOO Bilbiie
FIRMABILBIIE F O
AFILIACIONESParis School of Economics Université Paris I Panthéon‐Sorbonne and CEPR
VERIFICADONo
TOTAL DE OBRAS8
TOTAL DE CITAS12
TOTAL COMO AUTOR8
TOTAL COMO EDITOR0
PRIMER AÑO DE PUBLICACIÓN2009
AÑO MÁS RECIENTE DE PUBLICACIÓN2021
ÍNDICE H2

  • Monetary Neutrality with Sticky Prices and Free Entry

    Florin O Bilbiie, Florin BilbiieARTICLEThe Review of Economics and…2021

    Monetary policy is neutral even with fixed prices if free entry determines product variety optimally, as in Dixit and Stiglitz (1977). Entry substitutes for price flexibility in the welfare-based price index when individual prices are sticky. In response to aggregate demand expansions, the intensive (quantity produced of each good) and ex tensive (number of goods being produced) margins move in offsetting ways, leaving aggregate production unchan…

  • Delegating optimal monetary policy inertia

    Open AccessFlorin O Bilbiie, Florin BilbiieARTICLEJournal of Economic Dynamics and…2014

  • Public Debt and Redistribution with Borrowing Constraints

    Open AccessFlorin O Bilbiie, Florin Bilbiie et al.ARTICLEThe Economic Journal2013Citada por: 5Referencias: 17

    International audience

  • Changes in the output Euler equation and asset markets participation

    Open AccessFlorin O Bilbiie, Florin Bilbiie et al.ARTICLEJournal of Economic Dynamics and…2012

  • Asset Market Participation, Monetary Policy Rules, and the Great Inflation

    Florin O Bilbiie, Florin Bilbiie et al.ARTICLEThe Review of Economics and…2012

    This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s and their changes thereafter. In an otherwise conventional sticky-price model, standard aggregate demand logic is inverted at low enough asset market participation: interest rate increases become expansionary, and passive monetary policy ensures equilibrium determinacy and maximizes welfare. This s…

  • Endogenous Entry, Product Variety, and Business Cycles

    Florin O Bilbiie, Florin Bilbiie et al.ARTICLEJournal of Political Economy2012Citada por: 7Referencias: 29

    This paper builds a framework for the analysis of macroeconomic fluctuations that incorporates the endogenous determination of the number of producers and products over the business cycle. Economic expansions induce higher entry rates by prospective entrants subject to sunk investment costs. The sluggish response of the number of producers generates a new and potentially important endogenous propagation mechanism for business cycle models. The re…

  • Nonseparable Preferences, Frisch Labor Supply, and the Consumption Multiplier of Government Spending

    Open AccessFlorin O Bilbiie, Florin BilbiieARTICLEJournal of money credit and banking2011

    This paper proposes a theoretical explanation of the positive consumption multipliers of government spending often found in the data. The explanation requires two ingredients. First, labor demand expands (e.g., prices are sticky). Second, general nonseparable preferences over consumption and leisure should be such that the two goods are substitutes; that is, Frisch labor supply elasticity is lower than the constant-consumption elasticity; this im…

  • Nonseparable Preferences, Fiscal Policy Puzzles, and Inferior Goods

    Open AccessFlorin O Bilbiie, Florin BilbiieARTICLEJournal of money credit and banking2009

    Nonseparable preferences over consumption and leisure can generate an increase in private consumption in response to government spending, as found in the data, in a frictionless business cycle model. However, the conditions on preferences required for these result to obtain hold if and only if the consumption good is inferior. Similarly, positive co‐movement of consumption and hours worked occurs if and only if either consumption or leisure is in…