Guido Ascari
Biographic Data
| ID | 5733883 |
|---|---|
| NAME | Guido Ascari |
| GIVEN NAMES | Guido |
| FAMILY NAME | Ascari |
| SIGNATURE | ASCARI G |
| AFFILIATIONS | University of Pavia |
| ORCID | 0000-0002-5037-1964 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 11 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 3 |
Empirical evidence on the Euler equation for investment in the US
Is the typical specification of the Euler equation for investment employed in dynamic stochastic general equilibrium (DSGE) models consistent with aggregate macro data? The answer is yes using state‐of‐the‐art econometric methods that are robust to weak instruments and exploit information in possible structural changes. Unfortunately, however, there is very little information about the values of the parameters in aggregate data because investment…
Non-Linearities, State-Dependent Prices and the Transmission Mechanism of Monetary Policy
A sticky price theory of the transmission mechanism of monetary policy shocks based on state-dependent pricing yields two testable implications that do not hold in time-dependent models. First, large monetary policy shocks should yield proportionally larger initial responses of the price level. Second, in a high trend inflation regime, the response of the price level to monetary policy shocks should be larger and real effects smaller. Our analysi…
Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo
Journal Article Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo Get access Guido Ascari, Guido Ascari University of Pavia Search for other works by this author on: Oxford Academic Google Scholar Lorenza Rossi Lorenza Rossi University of Pavia Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 122, Issue 563, September 2012, Pages 1115–1141, https://doi.org/10.1111/j.1468-0297.2012…
Regional Inflation Persistence: Evidence from Italy
Vaona A. and Ascari G. Regional inflation persistence: evidence from Italy, Regional Studies . Regional patterns of inflation persistence have received attention only at the level of European Monetary Union member states. However, economic disparities within European Monetary Union member states are an equally important policy issue. This paper considers a country with a large regional divide -- Italy -- at a fine level of territorial disaggregat…
Optimising Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks
In this paper we incorporate Taylor's (1979) staggered wage setting into an optimising dynamic general equilibrium framework to study whether staggered wages could induce a high degree of persistence in the real effects of money shocks. We conclude that high persistence is an unlikely outcome. Sensible values of the microeconomic parameters and/or a moderate rate of underlying inflation imply a low degree of persistence. Furthermore, once explici…
Regional Inflation Persistence: Evidence from Italy
Vaona A. and Ascari G. Regional inflation persistence: evidence from Italy, Regional Studies . Regional patterns of inflation persistence have received attention only at the level of European Monetary Union member states. However, economic disparities within European Monetary Union member states are an equally important policy issue. This paper considers a country with a large regional divide -- Italy -- at a fine level of territorial disaggregat…
Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo
Journal Article Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo Get access Guido Ascari, Guido Ascari University of Pavia Search for other works by this author on: Oxford Academic Google Scholar Lorenza Rossi Lorenza Rossi University of Pavia Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 122, Issue 563, September 2012, Pages 1115–1141, https://doi.org/10.1111/j.1468-0297.2012…
Optimising Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks
In this paper we incorporate Taylor's (1979) staggered wage setting into an optimising dynamic general equilibrium framework to study whether staggered wages could induce a high degree of persistence in the real effects of money shocks. We conclude that high persistence is an unlikely outcome. Sensible values of the microeconomic parameters and/or a moderate rate of underlying inflation imply a low degree of persistence. Furthermore, once explici…
Non-Linearities, State-Dependent Prices and the Transmission Mechanism of Monetary Policy
A sticky price theory of the transmission mechanism of monetary policy shocks based on state-dependent pricing yields two testable implications that do not hold in time-dependent models. First, large monetary policy shocks should yield proportionally larger initial responses of the price level. Second, in a high trend inflation regime, the response of the price level to monetary policy shocks should be larger and real effects smaller. Our analysi…
Optimising Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks
In this paper we incorporate Taylor's (1979) staggered wage setting into an optimising dynamic general equilibrium framework to study whether staggered wages could induce a high degree of persistence in the real effects of money shocks. We conclude that high persistence is an unlikely outcome. Sensible values of the microeconomic parameters and/or a moderate rate of underlying inflation imply a low degree of persistence. Furthermore, once explici…
Regional Inflation Persistence: Evidence from Italy
Vaona A. and Ascari G. Regional inflation persistence: evidence from Italy, Regional Studies . Regional patterns of inflation persistence have received attention only at the level of European Monetary Union member states. However, economic disparities within European Monetary Union member states are an equally important policy issue. This paper considers a country with a large regional divide -- Italy -- at a fine level of territorial disaggregat…
Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo
Journal Article Trend Inflation and Firms Price‐Setting: Rotemberg Versus Calvo Get access Guido Ascari, Guido Ascari University of Pavia Search for other works by this author on: Oxford Academic Google Scholar Lorenza Rossi Lorenza Rossi University of Pavia Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 122, Issue 563, September 2012, Pages 1115–1141, https://doi.org/10.1111/j.1468-0297.2012…
Non-Linearities, State-Dependent Prices and the Transmission Mechanism of Monetary Policy
A sticky price theory of the transmission mechanism of monetary policy shocks based on state-dependent pricing yields two testable implications that do not hold in time-dependent models. First, large monetary policy shocks should yield proportionally larger initial responses of the price level. Second, in a high trend inflation regime, the response of the price level to monetary policy shocks should be larger and real effects smaller. Our analysi…
Empirical evidence on the Euler equation for investment in the US
Is the typical specification of the Euler equation for investment employed in dynamic stochastic general equilibrium (DSGE) models consistent with aggregate macro data? The answer is yes using state‐of‐the‐art econometric methods that are robust to weak instruments and exploit information in possible structural changes. Unfortunately, however, there is very little information about the values of the parameters in aggregate data because investment…
Economics (5 works) · Monetary Policy and Economic Impact (5 works) · Inflation (cosmology (4 works) · Econometrics (3 works) · Keynesian economics (3 works) · Monetary economics (3 works) · Monetary policy (3 works) · Economic theories and models (2 works) · Economic Theory and Policy (2 works) · Persistence (discontinuity (2 works)