Blar i BI Open på forfatter "Furlanetto, Francesco"

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    • The decline of the labor share: new empirical evidence 

      Bergholt, Drago; Furlanetto, Francesco; Maffei Faccioli, Nicolo (Peer reviewed; Journal article, 2022)
      We use time series techniques to estimate the importance of four main explanations for the decline of the US labor income share: rising firm markups, falling bargaining power of workers, higher investment-specific technology ...

    • Has the Fed Responded to House and Stock Prices? A Time-Varying Analysis 

      Aastveit, Knut Are; Furlanetto, Francesco; Loria, Francesca (Journal article; Peer reviewed, 2021)
      We investigate whether the Federal Reserve has responded systematically to house and stock prices and whether this response has changed over time using a Bayesian structural VAR model with time-varying parameters and ...

    • Identification of financial factors in economic fluctuations 

      Furlanetto, Francesco; Ravazzolo, Francesco; Sarferaz, Samad (Journal article; Peer reviewed, 2017)
      We estimate demand, supply, monetary, investment and financial shocks in a VAR identified with a minimum set of sign restrictions on US data. We find that financial shocks are major drivers of fluctuations in output, stock ...

    • Norges Bank Output Gap Estimates: Forecasting Properties, Reliability, Cyclical Sensitivity and Hysteresis 

      Furlanetto, Francesco; Hagelund, Kåre; Hansen, Frank; Robstad, Ørjan (Peer reviewed; Journal article, 2022)
      This paper should not be reported as representing the views of Norges Bank. The views expressed are those of the authors and do not necessarily reflect those of Norges Bank. We would like to thank the editor Francesco ...

    • Output gap, monetary policy trade-offs, and financial frictions 

      Furlanetto, Francesco; Gelain, Paolo; Taheri Sanjani, Marzie (Journal article; Peer reviewed, 2021)
      This paper investigates how the presence of pervasive financial frictions and large financial shocks changes the optimal monetary policy prescriptions and the estimated dynamics in a New Keynesian model. We find that ...

    • Output gap, monetary policy trade-offs, and financial frictions 

      Furlanetto, Francesco; Gelain, Paolo; Taheri Sanjani, Marzie (Journal article; Peer reviewed, 2021)
      This paper investigates how the presence of pervasive financial frictions and large financial shocks changes the optimal monetary policy prescriptions and the estimated dynamics in a New Keynesian model. We find that ...

    • Taylor Rules with Endogenous Regimes 

      Aastveit, Knut Are; Cross, Jamie; Furlanetto, Francesco; Van Dijk, Herman K. (CAMP Working Paper Series;04/2024, Working paper, 2024-05-07)
      The Fed’s policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to ...