<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><title>Alfonso Merendino</title><link>https://alfonsomerendino.github.io/</link><description>Recent content on Alfonso Merendino</description><generator>Hugo -- 0.147.2</generator><language>en-us</language><lastBuildDate>Wed, 08 May 2024 00:00:00 +0000</lastBuildDate><atom:link href="https://alfonsomerendino.github.io/index.xml" rel="self" type="application/rss+xml"/><item><title>Location</title><link>https://alfonsomerendino.github.io/location/</link><pubDate>Wed, 08 May 2024 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/location/</guid><description>Professor Dr von Igelfeld&amp;#39;s mailing and office addresses at the Institute of Romance Philology.</description></item><item><title>Office Hours</title><link>https://alfonsomerendino.github.io/officehours/</link><pubDate>Wed, 08 May 2024 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/officehours/</guid><description>Schedule and location for Professor Dr von Igelfeld&amp;#39;s office hours.</description></item><item><title>Inflation: benefits of no involvement of the government in monetary policy</title><link>https://alfonsomerendino.github.io/policy-articles/inflation-benefits-no-involvement/</link><pubDate>Mon, 01 Jan 2024 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/policy-articles/inflation-benefits-no-involvement/</guid><description>&lt;p>&lt;strong>Outlet.&lt;/strong> Cuora Consulting.&lt;/p>
&lt;p>&lt;strong>Summary.&lt;/strong> This article discusses why keeping governments at arm’s length from monetary policy can help stabilize inflation and preserve central bank credibility. It reviews the classic arguments for central bank independence and illustrates how political interference can create inflation bias and undermine expectations.&lt;/p>
&lt;p>&lt;a href="https://www.cuoraconsulting.org/cuora-concept-blog/inflation-benefits-of-no-involvement-of-the-government-in-monetary-policy" target="_blank">Full article&lt;/a>.&lt;/p></description></item><item><title>Your Inner Hedgehog</title><link>https://alfonsomerendino.github.io/papers/paper3/</link><pubDate>Tue, 06 Apr 2021 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/papers/paper3/</guid><description>This paper describes the inner hedgehog, a psychological condition widespread in academia. Published in the Journal of Socio-Experimental Psychology, 2021.</description></item><item><title>List of Irregular Verbs Across Romance Languages</title><link>https://alfonsomerendino.github.io/data/data1/</link><pubDate>Thu, 07 Mar 2013 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/data/data1/</guid><description>This dataset contains all irregular verbs in known Romance languages.</description></item><item><title>Unusual Uses For Olive Oil</title><link>https://alfonsomerendino.github.io/papers/paper1/</link><pubDate>Tue, 15 Jan 2013 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/papers/paper1/</guid><description>This paper reviews unusual uses for olive oil throughout the Mediterranean world. Published in the Journal of Oleic Science, 2013.</description></item><item><title>The Finer Points of Sausage Dogs</title><link>https://alfonsomerendino.github.io/papers/paper2/</link><pubDate>Tue, 28 Dec 2004 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/papers/paper2/</guid><description>This paper studies the pulmonary efficiency of sausage dogs. Published in the Journal of Canine Science, 2004.</description></item><item><title>Lectures at the Villa of Reduced Circumstances</title><link>https://alfonsomerendino.github.io/courses/course1/</link><pubDate>Mon, 10 Mar 2003 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/courses/course1/</guid><description>This graduate course presents classical results in Romance philology.</description></item><item><title>Portugese Irregular Verbs</title><link>https://alfonsomerendino.github.io/books/book1/</link><pubDate>Wed, 01 Jan 1997 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/books/book1/</guid><description>This book discusses Portugese irregular verbs in great details.</description></item><item><title>Profanity in Early Irish</title><link>https://alfonsomerendino.github.io/courses/course2/</link><pubDate>Sat, 16 Jun 1990 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/courses/course2/</guid><description>This undergraduate course discusses profanity in Early Irish.</description></item><item><title>Supply Chain Uncertainty, Energy Prices, and Inflation</title><link>https://alfonsomerendino.github.io/work-in-progress/supply-chain-uncertainty/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><guid>https://alfonsomerendino.github.io/work-in-progress/supply-chain-uncertainty/</guid><description>&lt;p>&lt;strong>Abstract.&lt;/strong> Using U.S. and Euro area data, we document that (i) the pass-through of energy prices to inflation is state-dependent - stronger when supply chain uncertainty is elevated - and (ii) in such states, energy prices become more informative about logistical conditions. We develop a model in which firms combine energy and a specialized input transported through a capacity-constrained transportation network. When congestion binds, energy remains available in local markets at a premium, whereas the specialized input is subject to delivery delays. Because energy prices reflect both raw energy shocks and transportation conditions, firms treat them as noisy signals of supply disruptions and update beliefs through Bayesian learning. This signal-extraction channel increases perceived marginal costs, generating an uncertainty wedge that amplifies and propagates energy shocks. Within a general-equilibrium New Keynesian model, the mechanism raises the impact elasticity and the persistence of inflation in response to transitory energy shocks. This challenges the conventional monetary policy prescription to “look through” supply disturbances.&lt;/p></description></item></channel></rss>