Anton Nakov
Biographic Data
| ID | 5733252 |
|---|---|
| NAME | Anton Nakov |
| GIVEN NAMES | Anton |
| FAMILY NAME | Nakov |
| SIGNATURE | NAKOV A |
| AFFILIATIONS | Bank of Spain |
| ORCID | 0000-0003-4799-7912 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 11 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2003 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
Flattening of the Phillips Curve with State-Dependent Prices and Wages
We study monetary transmission in a model of state-dependent prices and wages based on ‘control costs’. Stickiness arises because precise choice is costly: decision makers tolerate errors both in the timing of adjustments, and in the new level at which the price or wage is set. The model is calibrated to microdata on the size and frequency of price and wage changes. In our simulations, money shocks have less persistent real effects than in the Ca…
Saudi Arabia and the Oil Market
Journal Article Saudi Arabia and the Oil Market Get access Anton Nakov, Anton Nakov Bank of Spain Search for other works by this author on: Oxford Academic Google Scholar Galo Nuño Galo Nuño European Central Bank Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 123, Issue 573, 1 December 2013, Pages 1333–1362, https://doi.org/10.1111/ecoj.12031 Published: 03 June 2013 Article history Accepted: …
Oil and the Great Moderation
We assess the extent to which the greater US macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil elasticity of gross output. We estimate a DSGE model and perform counterfactual simulations. We nest two popular explanations for the Great Moderation: smaller (non-oil\\link real shocks and better monetary policy. We find that oil played an important role in the stabilisation. Around half of the reduc…
A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, USA and UK, 1959–1999
The paper studies the realignments induced by inflation within an endogenous growth monetary economy. Accelerating inflation raises the ratio of the real wage to the real interest rate, and so raises the use of physical capital relative to human capital across all sectors. We find cointegration evidence for the US and UK economies consistent with a general equilibrium, Tobin‐type, effect of inflation on input prices and capital intensity, even wh…
Oil and the Great Moderation
We assess the extent to which the greater US macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil elasticity of gross output. We estimate a DSGE model and perform counterfactual simulations. We nest two popular explanations for the Great Moderation: smaller (non-oil\\link real shocks and better monetary policy. We find that oil played an important role in the stabilisation. Around half of the reduc…
Saudi Arabia and the Oil Market
Journal Article Saudi Arabia and the Oil Market Get access Anton Nakov, Anton Nakov Bank of Spain Search for other works by this author on: Oxford Academic Google Scholar Galo Nuño Galo Nuño European Central Bank Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 123, Issue 573, 1 December 2013, Pages 1333–1362, https://doi.org/10.1111/ecoj.12031 Published: 03 June 2013 Article history Accepted: …
A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, USA and UK, 1959–1999
The paper studies the realignments induced by inflation within an endogenous growth monetary economy. Accelerating inflation raises the ratio of the real wage to the real interest rate, and so raises the use of physical capital relative to human capital across all sectors. We find cointegration evidence for the US and UK economies consistent with a general equilibrium, Tobin‐type, effect of inflation on input prices and capital intensity, even wh…
A Revised Tobin Effect from Inflation: Relative Input Price and Capital Ratio Realignments, USA and UK, 1959–1999
The paper studies the realignments induced by inflation within an endogenous growth monetary economy. Accelerating inflation raises the ratio of the real wage to the real interest rate, and so raises the use of physical capital relative to human capital across all sectors. We find cointegration evidence for the US and UK economies consistent with a general equilibrium, Tobin‐type, effect of inflation on input prices and capital intensity, even wh…
Oil and the Great Moderation
We assess the extent to which the greater US macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil elasticity of gross output. We estimate a DSGE model and perform counterfactual simulations. We nest two popular explanations for the Great Moderation: smaller (non-oil\\link real shocks and better monetary policy. We find that oil played an important role in the stabilisation. Around half of the reduc…
Saudi Arabia and the Oil Market
Journal Article Saudi Arabia and the Oil Market Get access Anton Nakov, Anton Nakov Bank of Spain Search for other works by this author on: Oxford Academic Google Scholar Galo Nuño Galo Nuño European Central Bank Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 123, Issue 573, 1 December 2013, Pages 1333–1362, https://doi.org/10.1111/ecoj.12031 Published: 03 June 2013 Article history Accepted: …
Flattening of the Phillips Curve with State-Dependent Prices and Wages
We study monetary transmission in a model of state-dependent prices and wages based on ‘control costs’. Stickiness arises because precise choice is costly: decision makers tolerate errors both in the timing of adjustments, and in the new level at which the price or wage is set. The model is calibrated to microdata on the size and frequency of price and wage changes. In our simulations, money shocks have less persistent real effects than in the Ca…
Monetary Policy and Economic Impact (4 works) · Econometrics (3 works) · Economics (3 works) · Monetary policy (3 works) · Economic theories and models (2 works) · Macroeconomics (2 works) · Market Dynamics and Volatility (2 works) · Monetary economics (2 works) · Capital (architecture) (1 works) · Capital intensity (1 works)