Publications

Aggregation and the PPP Puzzle in a Sticky-Price Model
With Fernanda Nechio
American Economic Review, Forthcoming
Read the full text in SSRN  ››

Imperfectly Credible Disinflation under Endogenous Time-Dependent Pricing  
With Marco Bonomo
Journal of Money, Credit and Banking, 42 (5), August 2010
37 pages / 387 kb
Read the full text in Blackwell  ››

Loss Aversion, Asymmetric Market Comovements, and the Home Bias  
With Kevin Amonlirdviman
Journal of International Money and Finance, forthcoming
25 pages / 389 kb
Read the full text from ScienceDirect  ››

Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks
The BE Journal of Macroeconomics: Vol. 2 : Iss. 1 (Frontiers), 2006
Recipient of the Arrow Prize in Macroeconomics
Read the full text from The Berkeley Electronic Press  ››

Endogenous Time-Dependent Rules and Inflation Inertia  
With Marco Bonomo
Journal of Money, Credit and Banking, 36 (6), December 2004

Carlos Carvalho's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.