
Fernanda Nechio
Vice President
Sustainable Growth Research
International finance, Macroeconomics, and Climate risk
CV (pdf, 146.94 kb)
Profiles: Google Scholar | RePEc | LinkedIn
Working Papers
Challenges to Disinflation: The Brazilian Experience
BPEA Conference Draft | with Carvalho | March 2023
abstract (+)Inflationary Effects of Fiscal Support to Households and Firms
2023-02 | with Hale and Leer | January 2023
abstract (+)Measuring the Effect of the Zero Lower Bound on Monetary Policy
2016-06 | with Carvalho and Hsu | December 2016
abstract (+)Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models
2014-17 | with Carvalho and Yao | April 2019
abstract (+)Shocks and Adjustments
2013-32 | with Daly, Fernald, and Jorda | July 2017
abstract (+)Real Exchange Rate Dynamics in Sticky-Price Models with Capital
2012-08 | with Carvalho | July 2012
abstract (+)Foreign Stock Holdings: The Role of Information
2010-26 | September 2014
abstract (+)Published Articles (Refereed Journals and Volumes)
Inflation and Wage Growth Since the Pandemic
Forthcoming in European Economic Review | with Jorda
abstract (+)Taylor Rule Estimation by OLS
Journal of Monetary Economics 124, November 2021, 140-154 | with Carvalho and Tristao
abstract (+)Using Brexit to Identify the Nature of Price Rigidities
Journal of International Economics 130(103448), May 2021 | with Hobijn and Shapiro
abstract (+)Financial Market Development, Monetary Policy and Financial Stability in Brazil
In BIS Papers: Financial Market Development, Monetary Policy and Financial Stability in Emerging Market Economies, 113 | Bank for International Settlements, 2020. 55-65 | with Barroso | Yes
abstract (+)Inflation Globally
In Chapter 7, Changing Inflation Dynamics, Evolving Monetary Policy (Volume 27), ed. by G. Castex, J. Gali and D. Saravia | Santiago: Central Bank of Chile, 2020. 269-316 | with Jorda
abstract (+)Sticker Shocks: Using VAT Changes to Estimate Upper-Level Elasticities of Substitution
Journal of the European Economic Association 17(3), April 2018, 799-833 | with Hobijn
abstract (+)Approximating Multisector New Keynesian Models
Economics Letters 163, 2018, 193-196 | with Carvalho
abstract (+)Factor Specificity and Real Rigidities
Review of Economic Dynamics 22, October 2016, 208-222 | with Carvalho
abstract (+)Demographics and Real Interest Rates: Inspecting the Mechanism
European Economic Review 88, September 2016, 208-226 | with Carvalho and Ferrero
abstract (+)Do People Understand Monetary Policy?
Journal of Monetary Economics 66, September 2014, 108-123 | with Carvalho
abstract (+)Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly
National Institute Economic Review 228, May 2014, R58-R64 | with Daly, Fernald, and Jorda
abstract (+)Aggregation and the PPP Puzzle in a Sticky Price Model
American Economic Review 101(6), October 2011, 2391-2424 | with Carvalho
abstract (+)FRBSF Publications
Wage Growth When Inflation Is High
Economic Letter 2022-25 | September 6, 2022 | with Jorda, C Liu, and Rivera-Reyes
Why Is U.S. Inflation Higher than in Other Countries?
Economic Letter 2022-07 | March 28, 2022 | with Jorda, C Liu, and Rivera-Reyes
The Brexit Price Spike
Economic Letter 2019-20 | August 5, 2019 | with Gerstein, Hobijn, and Shapiro
Why Is Inflation Low Globally?
Economic Letter 2019-19 | July 15, 2019 | with Jorda, Marti, and Tallman
Inflationary Effects of Trade Disputes with China
Economic Letter 2019-07 | February 25, 2019 | with Hale, Hobijn, and D. Wilson
Inflation: Stress-Testing the Phillips Curve
Economic Letter 2019-05 | February 11, 2019 | with Jorda, Marti, and Tallman
How Much Do We Spend on Imports?
Economic Letter 2019-01 | January 7, 2019 | with Hale, Hobijn, and D. Wilson
Demographic Transition and Low U.S. Interest Rates
Economic Letter 2017-27 | September 25, 2017 | with Carvalho and Ferrero
How Important Is Information from FOMC Minutes?
Economic Letter 2016-37 | December 19, 2016 | with Wilson
Has the Fed Fallen behind the Curve This Year?
Economic Letter 2016-33 | November 7, 2016 | with Rudebusch
Fed Communication: Words and Numbers
Economic Letter 2016-26 | September 6, 2016 | with Regan
Fed Policy Liftoff and Emerging Markets
Economic Letter 2016-22 | July 18, 2016 | with Bevilaqua
Fed Communication and the Zero Lower Bound
Economic Letter 2016-21 | July 11, 2016 | with Carvalho and Hsu
Interview with John Williams about China’s Growth Prospects
FRBSF 2015 Annual Report | Feb 2016 | with Liu and Spiegel
Finding Normal: Natural Rates and Policy Prescriptions
Economic Letter 2015-22 | July 6, 2015 | with Daly and Pyle
Have Long-Term Inflation Expectations Declined?
Economic Letter 2015-11 | April 6, 2015
Mixed Signals: Labor Markets and Monetary Policy
Economic Letter 2014-36 | December 1, 2014 | with Bosler and Daly
Household Expectations and Monetary Policy
Economic Letter 2014-18 | June 23, 2014 | with Carvalho
Interpreting Deviations from Okun’s Law
Economic Letter 2014-12 | April 21, 2014 | with Daly, Fernald, and Jorda
Fed Tapering News and Emerging Markets
Economic Letter 2014-06 | March 3, 2014
Labor Markets in the Global Financial Crisis
Economic Letter 2013-38 | December 23, 2013 | with Daly, Fernald, and Jorda
Pricey Oil, Cheap Natural Gas, and Energy Costs
Economic Letter 2012-23 | August 6, 2012 | with Hale
Are U.S. Corporate Bonds Exposed to Europe?
Economic Letter 2012-17 | June 4, 2012 | with Hale and Marks
U.S. and Euro-Area Monetary Policy by Regions
Economic Letter 2012-06 | February 27, 2012 | with Malkin
Monetary Policy When One Size Does Not Fit All
Economic Letter 2011-18 | June 13, 2011
Long-Run Impact of the Crisis in Europe: Reforms and Austerity Measures
Economic Letter 2011-07 | March 7, 2011
The Greek Crisis: Argentina Revisited?
Economic Letter 2010-33 | November 1, 2010