P
Philippe Andrade
Researcher at Federal Reserve Bank of Boston
Publications - 44
Citations - 1141
Philippe Andrade is an academic researcher from Federal Reserve Bank of Boston. The author has contributed to research in topics: Inflation & Monetary policy. The author has an hindex of 14, co-authored 43 publications receiving 946 citations. Previous affiliations of Philippe Andrade include Banque de France & University of Caen Lower Normandy.
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Inattentive professional forecasters
TL;DR: This paper used the ECB Survey of Professional Forecasters to characterize expectations at the micro-level, and found that forecasters fail to systematically update their forecasts and disagree even when updating, which is qualitatively supportive of recent models of inattention.
Posted ContentDOI
The ECB's Asset Purchase Programme: An Early Assessment
TL;DR: In this article, the effects of the European Central Bank's expanded asset purchase program (APP) on yields and on the macroeconomy are analyzed. But the authors focus on the transmission channels of the APP.
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Can the Provision of Long-Term Liquidity Help to Avoid a Credit Crunch? Evidence from the Eurosystem's LTROs
TL;DR: In this article, the authors exploit the Eurosystem's longer-term refinancing operations (LTROs) of 2011-2012 to analyze the effects that a large provision of central bank liquidity to banks has on the credit supply to firms.
Posted Content
Forward Guidance and Heterogeneous Beliefs
TL;DR: It is shown that it can strongly mitigate the effectiveness of forward guidance and that the presence of few pessimists may require keeping rates low for longer, but when pessimists are sufficiently numerous forward guidance can even be detrimental.
Journal ArticleDOI
Delphic and Odyssean Monetary Policy Shocks: Evidence from the Euro Area
Philippe Andrade,Filippo Ferroni +1 more
TL;DR: In this article, the role of high-frequency monetary surprise such as news on future macroeconomic conditions and monetary policy shocks (Odyssean shocks) in the response of financial markets to central bank communication on the days of policy decisions is highlighted.