Jón Steinsson -- Papers



WORKING PAPERS:

The Power of Forward Guidance Revisited (with Alisdair McKay and Emi Nakamura)

Revise and resubmit at American Economic Review.

High Frequency Identification of Monetary Non-Neutrality (with Emi Nakamura)

Revise and resubmit at American Economic Review.

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves (with Emi Nakamura and Miao Liu)

Conditionally accepted at American Economic Journal: Macroeconomics.
Press: Economist (3/15/14), Wall Street Journal (2/14/14), Financial Times (12/2/13)

Informational Rigidities and the Stickiness of Temporary Sales (with Eric Anderson, Benjamin Malin, Emi Nakamura, and Duncan Simester)

Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence (with Emi Nakamura and Dmitriy Sergeyev)

Web Appendix: Figure A.1


PUBLISHED AND FORTHCOMING PAPERS:

Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions (with Emi Nakamura)

American Economic Review, 104(3), 753-792, March 2014.
Vox Article: Does Fiscal Stimulus Work in a Montary Union?
Data and Programs -- Technical Appendix

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (with Emi Nakamura)

Annual Review of Economics, 5, 133-163, 2013.

Crises and Recoveries in an Empirical Model of Consumption Disasters (with Emi Nakamura, Robert Barro and José Ursúa)

American Economic Journal: Macroeconomics, 5(3), 35-74, July 2013.
Web Appendix -- Data and Programs
Vox Article: Disasters, Recoveries, and the Equity Premium

Lost in Transit: Product Replacement Bias and Pricing to Market (with Emi Nakamura)

American Economic Review, 102(7), 3277-3316, December 2012.
Press: BusinessWeek (6/3/09), BusinessWeek (10/14/09)
Comments on Gagnon, Mandel, and Vigfusson (2013)

Price Setting in Forward-Looking Customer Markets (with Emi Nakamura)

Journal of Monetary Economics, 58(3), 220-233, April 2011.
Appendixes: Technical Appendix, Firm Price Commitments

Monetary Non-Neutrality in a Multi-Sector Menu Cost Model (with Emi Nakamura)

Quarterly Journal of Economics, 125(3), 961-1013, August 2010.
Matlab Programs: Code -- Documentation

Five Facts About Prices: A Reevaluation of Menu Cost Models (with Emi Nakamura)

Quarterly Journal of Economics, 123(4), 1415-1464, November 2008.
Frequency of Price Change by ELI: ELI table (PDF) -- ELI table (Excel)
Supplementary Material: More Facts About Prices
Tables in Excel: Tables from Paper (Excel) -- Tables from Supplement (Excel)
Press: The Economist (11/9/06), Handelsblatt (2/8/10)

The Dynamic Behavior of the Real Exchange Rate in Sticky-Price Models

American Economic Review, 98(1), 519-533, March 2008.
Appendix: Derivation of the Model
Matlab Programs: Empirical Programs -- Theoretical Programs -- Documentation.
Erratum -- Response to Iversen and Söderström (2014)

Optimal Monetary Policy in an Economy with Inflation Presistence

Journal of Monetary Economics 50(7), 1425-1456, October 2003.
Erratum


UNPUBLISHED PAPERS:

Should the Fed Ignore the Most Important Bias in the CPI? December 2007. (with Emi Nakamura)


POPULAR WRITING:

Iceland's Experience May Offer a Lesson. Financial Times; June 29th 2015.

Don't Replace Data with Ideology. Bloomberg View; June 12th 2012. (with Emi Nakamura and Nicolas Vincent)