Mathieu Pedemonte
Biographic Data
| ID | 5730702 |
|---|---|
| NAME | Mathieu Pedemonte |
| GIVEN NAMES | Mathieu |
| FAMILY NAME | Pedemonte |
| SIGNATURE | PEDEMONTE M |
| AFFILIATIONS | Inter-American Development Bank |
| ORCID | 0000-0002-3614-8715 |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2024 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
The Geographic Effects of Monetary Policy Shocks
We estimate the effects of monetary policy shocks across local areas in the US and find substantial variation in their responses. There is a positive covariance of the price and employment effects of monetary policy across regions, and more sensitive regions are those with low per capita income. These patterns are consistent with New Keynesian models of a monetary union where regions have different shares of handto- mouth consumers. The model pre…
Aggregate Implications of Heterogeneous Inflation Expectations
We explore the implications of heterogeneous, history-dependent inflation expectations in a general equilibrium setting. We propose an experience-based expectations-augmented Kalman filter to represent consumers’ heterogeneous inflation expectations, where heterogeneity arises from an anchoring-to-the-past mechanism. Using survey data, we show that the model replicates US consumers’ inflation expectations and their heterogeneity across cohorts. W…
Fireside Chats
This paper shows how policy announcements can be used to manage expectations. Using regional variation in radio exposure, I evaluate the impact of FDR’s 1935 Fireside Chat, in which he showcased the introduction of important social policies, establishing a new expansionary cycle of the New Deal. I document that cities with higher exposure to the announcement exhibited a significant increase in spending on durable goods. The estimated effect is co…
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Fireside Chats
This paper shows how policy announcements can be used to manage expectations. Using regional variation in radio exposure, I evaluate the impact of FDR’s 1935 Fireside Chat, in which he showcased the introduction of important social policies, establishing a new expansionary cycle of the New Deal. I document that cities with higher exposure to the announcement exhibited a significant increase in spending on durable goods. The estimated effect is co…
The Geographic Effects of Monetary Policy Shocks
We estimate the effects of monetary policy shocks across local areas in the US and find substantial variation in their responses. There is a positive covariance of the price and employment effects of monetary policy across regions, and more sensitive regions are those with low per capita income. These patterns are consistent with New Keynesian models of a monetary union where regions have different shares of handto- mouth consumers. The model pre…
Aggregate Implications of Heterogeneous Inflation Expectations
We explore the implications of heterogeneous, history-dependent inflation expectations in a general equilibrium setting. We propose an experience-based expectations-augmented Kalman filter to represent consumers’ heterogeneous inflation expectations, where heterogeneity arises from an anchoring-to-the-past mechanism. Using survey data, we show that the model replicates US consumers’ inflation expectations and their heterogeneity across cohorts. W…
Economics (2 works) · Monetary Policy and Economic Impact (2 works) · Advertising (1 work) · Business (1 work) · Depression (economics) (1 work) · Economic Growth and Productivity (1 work) · Economic theories and models (1 work) · Financial Literacy, Pension, Retirement Analysis (1 work) · Global Financial Crisis and Policies (1 work) · Keynesian economics (1 work)