Search Results - "Smith, Gregor W."

Early Globalization and the Law of One Price: Evidence from Sweden, 1732-1914 by Crucini, Mario J., Smith, Gregor W.

“…We review research using departures from the law of one price to measure the advent of globalization in Europe and Asia. In an application, we then study the…”
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The All‐Gap Phillips Curve by McNeil, James, Smith, Gregor W.

“…The all‐gap Phillips curve (PC) explains inflation by expected inflation and an activity variable such as output or the unemployment rate, but with both…”
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US fiscal policy shocks: Proxy‐SVAR overidentification via GMM by Gregory, Allan W., McNeil, James, Smith, Gregor W.

“…Summary Using external instruments, one can recover the effects of individual shocks without fully identifying a vector autoregression (VAR). We show that…”
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Japan's Phillips Curve Looks Like Japan by SMITH, GREGOR W.

“…During the past 15 years Japan has experienced unprecedented, high unemployment rates and low (often negative) inflation rates. This research shows that these…”
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UK INFLATION DYNAMICS SINCE THE THIRTEENTH CENTURY by Nason, James M., Smith, Gregor W.

“…Abstract Historians have suggested that there were waves of inflation or price revolutions in the United Kingdom (and earlier England) in the 13th, 16th, and…”
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Measuring the slowly evolving trend in US inflation with professional forecasts by Nason, James M., Smith, Gregor W.

“…Summary Much research studies US inflation history with a trend‐cycle model with unobserved components, where the trend may be viewed as the Fed's evolving…”
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Testing the Present‐Value Model of the Exchange Rate with Commodity Currencies by DEVEREUX, MICHAEL B., SMITH, GREGOR W.

“…Countries that specialize in commodity exports often exhibit a correlation between the relevant commodity price and the value of their currency. We explore an…”
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Two Types of (Slight) Flexibility in Bank of Canada Projections, 2003–2019 by SMITH, GREGOR W.

“…Les économistes des banques centrales et les économistes en général utilisent parfois le terme flexible pour décrire la stratégie de ciblage de l’inflation…”
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Interwar Inflation, Unexpected Inflation, and Output Growth by DORVAL, BILL, SMITH, GREGOR W.

“…Interwar macroeconomic history is a natural place to look for evidence on the correlation between output growth and inflation or unexpected inflation. We apply…”
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Early Globalization and the Law of One Price: Evidence from Sweden, 1732-1914 by Crucini, Mario J, Smith, Gregor W

“…We review research using departures from the law of one price to measure the advent of globalization in Europe and Asia. In an application, we then study the…”
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Economic research in Canada: Evolution and convergence by Brander, James A., Smith, Gregor W.

“…We describe the history and current state of economic research in Canada, including the role of the Canadian Economics Association (CEA) and other…”
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Identifying the new Keynesian Phillips curve by Nason, James M., Smith, Gregor W.

“…Phillips curves are central to discussions of inflation dynamics and monetary policy. The hybrid new Keynesian Phillips curve (NKPC) describes how past…”
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International Risk Sharing and Economic Growth by Devereux, Michael B., Smith, Gregor W.

“…International risk sharing which diversifies away income risk will reduce saving, with constant relative risk aversion. If growth arises from the external…”
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ESTIMATING DYNAMIC EULER EQUATIONS WITH MULTIVARIATE PROFESSIONAL FORECASTS by SMITH, GREGOR W., YETMAN, JAMES

“…Dynamic Euler equations restrict multivariate forecasts and so can be estimated and tested using the predictions of professional forecasters. We illustrate…”
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Pooling forecasts in linear rational expectations models by Smith, Gregor W.

“…Estimating linear rational expectations models in a limited-information setting requires replacing the expectations of future, endogenous variables either with…”
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Identifying fiscal policy (in)effectiveness from the differential counter-cyclicality of government spending in the interwar period by Martineau, Nicolas-Guillaume, Smith, Gregor W.

“…Differences across decades in the counter-cyclical stance of fiscal policy can identify whether the growth in government spending affects output growth and so…”
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Consumption and real exchange rates in professional forecasts by Devereux, Michael B., Smith, Gregor W., Yetman, James

“…Standard models of international risk sharing with complete asset markets predict a positive association between relative consumption growth and real…”
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Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity by Devereux, Michael B., Smith, Gregor W.

“…We study the classic transfer problem using the largest historical example, the Franco-Prussian War indemnity of 1871–1873 which saw France transfer to Germany…”
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The spectre of deflation: a review of empirical evidence by Smith, Gregor W.

“…What explains the widespread fear of deflation? This article reviews the history of thought, economic history, and empirical evidence on deflation, with a view…”
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Presidential Address: The Spectre of Deflation: A Review of Empirical Evidence by Smith, Gregor W.

“…What explains the widespread fear of deflation? This article reviews the history of thought, economic history, and empirical evidence on deflation, with a view…”
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