Florian Pelgrin - Latest

• The Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation

  Staff Working Paper 2004-37 Jean-Paul Lam, Florian Pelgrin

  In two recent papers, Jensen (2002) and Walsh (2003), using a hybrid New Keynesian model, demonstrate that a regime that targets either nominal income growth or the change in the output gap can effectively replicate the outcome under commitment and hence reduce the size of the stabilization bias.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Monetary policy transmission JEL Code(s): E, E5, E52, E58, E6, E62

• The U.S. New Keynesian Phillips Curve: An Empirical Assessment

  Staff Working Paper 2004-35 Alain Guay, Florian Pelgrin

  The authors examine the evidence presented by Galí and Gertler (1999) and Galí, Gertler, and Lopez-Salido (2001, 2003) that the inflation dynamics in the United States can be well-described by the New Keynesian Phillips curve (NKPC).

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C5, C52, E, E3, E31

• Translog ou Cobb-Douglas? Le rôle des durées d'utilisation des facteurs

  Staff Working Paper 2004-19 Eric Heyer, Florian Pelgrin, Arnaud Sylvain

  Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production function that accounts for the volumes and durations of factor utilization.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): C, C3, C33, D, D2, D24, J, J2, J23

• National Saving–Investment Dynamics and International Capital Mobility

  Staff Working Paper 2004-14 Florian Pelgrin, Sebastian Schich

  The authors analyze the dynamics of national saving–investment relationships to determine the degree of international capital mobility.

  Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): C, C2, C23, F, F3, F31

• Contraintes de liquidité et capital humain dans une petite économie ouverte

  Staff Working Paper 2004-13 Florian Pelgrin

  In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): I, I2, I20, O, O4, O40

• Durées d'utilisation des facteurs et fonction de production : une estimation par la méthode des moments généralisés en système

  Staff Working Paper 2004-12 Eric Heyer, Florian Pelgrin, Arnaud Sylvain

  Although a number of studies have demonstrated the importance of the degree of factor utilization in economic analysis, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the duration of equipment utilization.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): C, C3, C33, D, D2, D24, J, J2, J23