Vasco Cúrdia

Research Advisor
@sffed working on monetary policy and macroeconomics with imperfect financial markets. Princeton Univ. Grad. All views are my own.

[Vasco Cúrdia @VCurdia]

The natural rate of interest helps gauge the economy's health, but estimates are imprecise. My new Economic Letter proposes a medium-run measure that filters out short-term noise while capturing persistent pressures for clearer policy guidance. https://t.co/yTmgDGINpE

@sffed

[Vasco Cúrdia @VCurdia]

My latest Economic Letter assesses the effects of tighter lending standards on unemployment and inflation.

[Federal Reserve Bank of San Francisco @sffed]

How might unexpected changes in credit supply affect economic activity? Our latest Letter assesses the effects of tighter lending standards on unemployment and inflation. https://t.co/8PX8OAWmbb

[Vasco Cúrdia @VCurdia]

@pogourinchas @ben_moll Congratulations @pogourinchas! This is fantastic.

[Vasco Cúrdia @VCurdia]

My latest #EconomicLetter shows that average #inflation targeting that accounts for expected future inflation could have improved #economic outcomes and reduced #uncertainty in the aftermath of the 2008 #financialcrisis: https://t.co/pS2jIRW1wP | #SFFedResearch #EconTwitter

[Vasco Cúrdia @VCurdia]

Apply to SF Fed Economic Research Visiting Fellow position!
https://t.co/OxUYT95ZQ4

[Vasco Cúrdia @VCurdia]

@huiyu_li Emacs is fantastic in my opinion. Offers both GUI and CLI. It also has a wide range of capabilities, from programming, LaTeX, Git, note taking, and advanced agenda/TODO organization, among many others.

[Huiyu Li @huiyu_li]

Apply for our RA positions that start in June-July 2022
https://t.co/VMp3n10OME

[Refet Gürkaynak @RefetGurkaynak]

Alejandro Justiniano was great economist and a wonderful, wonderful man, a true friend. He passed away way too early.

I commend RED for the fitting special issue in his memory.

https://t.co/SAUmRRWi5R

[Vasco Cúrdia @VCurdia]

@sylvainecon Congratulations! Worth the wait!

[Vasco Cúrdia @VCurdia]

@jensqu4r3d Congratulations! Fantastic news

[Review of Economic Dynamics @RevEconDyn]

Our special issue in memory of Alejandro Justiniano features a wonderful introduction by his friends Leonardo Melosi, @gprimice, and @tamba_NYC

Alejandro's work, intellect, spirit, and friendship will forever be with us.

To a wonderful human being!

https://t.co/t7ASI9UHxF

[Michael Bauer @michaelbauer_hh]

If you are hyperventilating about the risk of a surge in #inflation, this may help (as does breathing out really slooooowly). "Excess savings" are not that excessive and "unlikely to unleash pent-up demand for services"
#macroeconomics #monetarypolicy #econtwitter

[Nick Rowe @MacRoweNick]

I'm so old I can remember 4 (or more, depending how you count them) *different* stories about why the Central Bank raising interest rates would cause inflation to *rise*.

Have I thought about this possibility? Oh yes.

Let's go through them. 1/n

[Vasco Cúrdia @VCurdia]

@EEANews @R2Rsquared Congratulations to Ricardo @R2Rsquared and Silvana. It was a fantastic to have both of them at the SF Fed Macro and Monetary Policy annual conference last Friday! @sffed

[Gianluca Violante @glviolante]

@EEANews @R2Rsquared Congratulations to Silvana and Ricardo! Your research has made macro a better field.

[Federal Reserve Bank of San Francisco @sffed]

Overestimating the level of the natural rate of interest, or r-star, can have greater costs than underestimating it. Our latest #EconomicLetter explains how such policy misperceptions affect #unemployment and #inflation: https://t.co/mV4DcBdCWD

#SFFedResearch #EconTwitter #RStar