Engin Kara

CV

Recent Policy Work and Consultancy:

- International Monetary Fund (2021-)

- Modeling macroeconomic implications of climate shocks

- Publications: Climate and aging [are available for review here], Monetary policy and climate change (forthcoming)

U.S. Environmental Protection Agency (2024-present)

- Modeling macroeconomic impacts of climate change

Please feel free to contact me for further information about these projects.

PAPERS:

Published 

• Unemployment Volatility in a Generalised Staggered Nash Wage Bargaining Framework. Canadian Journal of Economics, 2024.

• The Role of Heterogeneity in Price Rigidities for Delayed Nominal Exchange Rate Overshooting (with Dudley Cooke), Journal of International Money and Finance, 2022

• A Case Against a Four Percent Inflation Target (with Tony Yates), Journal of Money, Credit and Banking, August 2021.  

• Risk, Intermediate Input Prices and Missing Deflation During the Great Recession (with Ahmed Pirzada),  Economic Inquiry,  January 2020. 

• The Fiscal Multiplier in a Credit-Constrained New Keynesian Economy, (with Jasmin Sin),  Scandinavian Journal of Economics, January 2018.

• Does U.S. Monetary Policy Respond to Oil and Food Prices?, Journal of International, Money and Finance, April 2017.

• Interest Rate Effects of Demographic Changes in a New Keynesian Life-Cycle Framework, Macroeconomic Dynamics, January 2016. 

• Heterogeneity in Price Stickiness and The Reset Inflation Puzzle, Journal of Monetary Economics, November 2015.

• Sectoral Differences In Price-Adjustment Frequencies And Optimal Monetary Policy: A Note," Macroeconomic Dynamics, April 2015.

•  Micro-Data on Nominal Rigidity, Inflation Persistence and Optimal Monetary Policy, The B.E. Journal of Macroeconomics,  July 2011.

• “Contract length heterogeneity and the persistence of monetary shocks in a dynamic generalized Taylor economy” (with Huw Dixon). European Economic Review, February 2011.

• “Optimal Monetary Policy in the Generalized Taylor Economy”. Journal of Economic Dynamics and Control, 34, October 2010. 

• “Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?” (with Huw Dixon), Journal of Money, Credit and Banking, 42(1), February 2010.

• “How to Compare Taylor and Calvo Contracts: A Comment on Michael Kiley” (with Huw Dixon), Journal of Money, Credit and Banking, 38(4), June 2006.

Working Papers

• Unraveling the Impact of Higher Uncertainty on Profits and Inflation (joint with Ahmed Pirzada), revise and resubmit, American Economic Journal: Macroeconomics. 

• Monetary Policy Design with Recurrent Rare Disasters (joint with Vimal Thakoor), under revision. 

• How Monetary Policy Shapes Inflation Dynamics: Exploring the Role of the Relative Price Channel, August 2023. 

• Macroeconomic Effects of Climate Change in an Aging World (joint with Vimal Thakoor), IMF working paper. 

• Fiscal Policy in times of increasing uncertainty (December 2022) (joint with Rui Qui). 

• What are the effects of increasing Inflation on firm pricing and price selection? March 2022. 

Papers under revision

• "The Selection Effect and the Inflation-Output Variability Trade-off"

• Liquidity, Quantitative Easing and Optimal Monetary Policy (with Jasmin Sin)

• Taking Multi-Sector Dynamic General Equilibrium Models to the Data (with Huw Dixon)

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