PUBLICATIONS

· “Unemployment as excess supply of labor: implications for wage and price inflation”, Journal of Monetary Economics, 2010, vol. 57 (2), 233-243. Technical appendix.

· “Wage Setting Actors and Sticky Wages: Implications for the Business Cycle and Optimal Monetary Policy”, Economic Modelling, 2009, vol. 26 (3), pp. 571-585.

· “Comment on Michael Krause, David López-Salido and Thomas Lubik ‘Inflation dynamics with search frictions: a structural econometric analysis’”, Journal of Monetary Economics, 2008, vol. 55 (5), pp. 917-920. Technical details.

· “Firm-specific or Household-specific Sticky Wages in the New Keynesian Model?”, International Journal of Central Banking, 2007, vol. 3 (4), pp. 181-240.

· “Monetary Policy Rules in a New Keynesian Euro Area Model”. Journal of Money, Credit, and Banking, 2007, vol. 39 (4), pp. 875-900. Corrections.

· “The New Keynesian Model and the Euro Area Business Cycle”. Oxford Bulletin of Economics and Statistics, 2007, vol. 69 (2), pp. 209-244.

· “An Optimizing IS-LM Framework with Endogenous Investment”, with Bennett T. McCallum. Journal of Macroeconomics, 2006, vol. 28 (4), pp. 621-644.

· “A close look at model-dependent monetary policy design”. Federal Reserve Bank of St. Louis Review, 2006, vol. 88 (September/October), pp. 451-469.

· “Time-to-build, monetary shocks, and aggregate fluctuations”. Journal of Monetary Economics, 2006, vol. 53 (6), pp. 1161-1176. Non-published appendix available here.

· “Price setting and the steady-state effects of inflation”. Spanish Economic Review, 2004, vol. 6 (4), pp. 267-289.

WORKING PAPERS

· “A New Keynesian analysis of industrial employment fluctuations”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0903.

· “Wage Stickiness and Unemployment Fluctuations: An Alternative Approach” (joint with Antonio Moreno and Jesús Vázquez). Depto. de Economía, Universidad Pública de Navarra, D. T. 0902.

· “Sticky prices, sticky wages, and also unemployment”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0801.

· “Monopolistic competition, sticky prices, and the minimal mark-up in steady state”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0702.

· “Wage setting actors, sticky wages, and optimal monetary policy”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0701. Slides.

· “On monetary policy rules for the Euro area”. Servicio de Estudios, Banco de España, Documento de Trabajo 0415.

· “Time-to-build approach in a sticky-price, sticky-wage, optimizing monetary model”. European Central Bank (ECB), Working Paper 147.

· “Price setting and the steady-state effects of inflation”. European Central Bank (ECB), Working Paper 140.

· “Business Cycle and Monetary Policy Analysis in a Structural Sticky-Price Model of the Euro Area”. European Central Bank (ECB), Working Paper 49.

· “Dynamic Analysis in an Optimizing Monetary Model with Transaction Costs and Endogenous Investment ”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0108.

· “Long-run Analysis in Alternative Optimizing Monetary Models”. Depto. de Economía, Universidad Pública de Navarra, D. T. 0107.

· “An Optimizing IS-LM Framework with Endogenous Investment”, with Bennett T. McCallum. National Bureau of Economic Research (NBER), Working Paper 7908.

RESEARCH IN PROGRESS

· “Short-run and long-run effects of banking in a New Keynesian model” (joint with Jean-Christophe Poutineau)

· “Cyclicality of the real wage after a monetary shock: A robustness exercise” (joint with Yi Wen).