Keith Kuester

Senior Economist

Phone: (215) 574-3415
Fax: (215) 574-4303
Send an e-mail to Keith Kuester
Personal website: www.keithkuester.eu

Publications

"The (Un)importance of Unemployment Fluctuations for the Welfare Cost of Business Cycles," with Philip Jung, Journal of Economic Dynamics and Control, forthcoming.
"Real Price and Wage Rigidities with Matching Frictions," Journal of Monetary Economics, 2010, 57(4), p. 377-504.
"Debt Consolidation and Fiscal Stabilization of Deep Recessions," with Giancarlo Corsetti, Andrew Meier and Gernot J. Mueller, American Economic Review, Papers and Proceedings, May 2010, 100(2), p. 41-45.
"The Role of Labor Markets for Euro Area Monetary Policy," with Kai Christoffel and Tobias Linzert, European Economic Review, November 2009, 53(8). p. 908-936.
"Insurance Policies for Monetary Policy for the Euro Area," with V. Wieland, Journal of the European Economic Association, June 2010, 8(4), p. 872-912.
"The Elasticity of the Unemployment Rate with Respect to Benefits," with Kai Christoffel, Economics Letters, February 2009, 102(2), p. 102-105.
"Resuscitating the Wage Channel in Models with Unemployment Fluctuations," with K. Christoffel, Journal of Monetary Economics, 2008, 55(5), p. 865-887.
"Is the New Keynesian Phillips Curve Flat?," with G. Müller and S. Stölting, Economics Letters, April 2009, 103(1), p. 39-41.
"Value-at-Risk Prediction: A Comparison of Alternative Strategies," with S. Mittnik and M. Paolella, Journal of Financial Econometrics, 2006, 4(1), p. 53-89.
"Optimal Monetary Policy Rules for the Euro Area," with A. Dieppe and P. McAdam, Journal of Common Market Studies, 2005, 43(3), p. 507-537.

Working Papers

"Optimal Labor-Market Policy in Recessions," with Philip Jung, Working Paper 11-48, November 2011.
"Sovereign Risk and the Effects of Fiscal Retrenchment in Deep Recessions," with Giancarlo Corsetti, André Meier, and Gernot J. Müller, Working Paper 11-43, September 2011.
"Fiscal Volatility Shocks and Economic Activity," with Jesus Fernandez-Villaverde, Pablo Guerron-Quintana, and Juan Rubio-Ramirez , Working Paper 11-32/R, January 2012.
"Floats, Pegs and the Transmission of Fiscal Policy," with Giancarlo Corsetti and Gernot J. Muller , Working Paper 11-9, February 2011.
"Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications," with Kai Christoffel, James Costain, Gregory de Walque, Tobias Linzert, Stephen Millard, and Olivier Pierrard, Working Paper 09-6, March 2009.
"The Role of Labor Markets for Euro Area Monetary Policy," with Kai Christoffel and Tobias Linzert, Working Paper 09-1, January 2009.
"Insurance Policies for Monetary Policy in the Euro Area," with Volker Wieland, Working Paper 08-29, May 2008.
"The Elasticity of the Unemployment Rate with Respect to Benefits," with Kai Christoffel, Working Paper 08-15, August 2008.
"The (Un)Importance of Unemployment Fluctuations for Welfare," with P. Jung, mimeo.
"Is the New Keynesian Phillips Curve Flat?," with G. Müller and S. Stölting, ECB Working Paper 809, September 2007.
"Real Price and Wage Rigidities in a Model with Matching Frictions." ECB Working Paper 720, February 2007.
"Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model," with K. Christoffel and T. Linzert. ECB Working Paper 635, June 2006.

Federal Reserve Bank of Philadelphia Business Review Articles

"The Effectiveness of Government Spending in Deep Recessions: A New Keynesian Perspective," Third Quarter 2011.

Research Interests

Macroeconomics and Monetary Economics
Labor Economics
Applied Macroeconomics

Last update: August 26, 2011