Sebastian Rast

Rising government debt makes rate hikes fiscally costly and may intensify pressure on central banks. A new model with an endogenous upper bound on the interest rate coming from debt service constraints shows how an easing bias can fuel persistent inflation bis.org/publ/work1328.…

@ricco_giovanni @TimoHaber @DNB_NL Thanks a lot Giovanni, it has been fantastic to have you visit us this week!

A big thank you to Guido Ascari, Paolo Bonomolo, Andrea Colciago, @seb_rast, @TimoHaber and many other economists and researchers @DNB_NL for a week of great discussions in Amsterdam My today's slides on MP in emerging markets, the case of South Africa giovanni-ricco.com/single-post/tr…

Make the most of this weekend and submit your paper to the #CEBRA24 Annual Meeting: cebra-events.org The @DNB_NL is organizing a session on "Monetary Policy and Supply Side Effects" 🔎 View the full #CFP here: cebra-events.org/call-for-papers Thanks to the committee: @TimoHaber, @seb_rast, @MavromatisK #monetarypolicy #supplychain #supply #economics #macroeconomics

Motivated by the strategy review from the FED & ECB, we (joint @lmelosi & Spence) examine how such a new strategy can be learned. We focus on the ZLB & the role of inflation surprises. Such shocks create a trade-off between establishing the new rule & higher short-term inflation.

How do retailers adjust their prices to households’ shopping behavior? Find out in my JOB MARKET PAPER: “Shopping, Demand Composition, and Equilibrium Prices”. lukasnord.eu/files/Nord_JMP… A thread. #Econjobmarket #EconTwitter 1/12

First publication! I am happy to share that our paper "Hitting the Elusive Inflation Target" (joint with @Francesco_Bia and @LeonardoMelosi ) is accepted at the 𝗝𝗼𝘂𝗿𝗻𝗮𝗹 𝗼𝗳 𝗠𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀. I am delighted about it & grateful to my co-authors. Thread:

Very glad that we had the chance to write a @voxeu column about our paper "Reversal Interest Rate and Macroprudential Policy”. Let me shortly summarize the main insights and conclusions.