Photo of Damjan Pfajfar

Damjan Pfajfar

Education

  • Ph.D., Economics, University of Cambridge, 2008
  • M.Sc., Economics, University of Warwick, 2003
  • B.Sc., Economics, University of Ljubljana, 2002
  • Group Manager

    Board of Governors of the Federal Reserve System

    2021 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Economist

    Board of Governors of the Federal Reserve System

    2014 - 2015
  • Assistant Professor

    University of Tilburg

    2008 - 2014
  • When Is the Fiscal Multiplier High? A Comparison of Four Business Cycle Phases
    Travis Berge, Maarten De Ridder, and Damjan Pfajfar
    European Economic Review (2021)
    https://doi.org/10.1016/j.euroecorev.2021.103852
    See also » FRB Working Paper (2020)
  • Latent Variables Analysis in Structural Models: A New Decomposition of the Kalman Smoother
    Hess Chung, Cristina Fuentes-Albero, Matthias Paustian, and Damjan Pfajfar
    Journal of Economic Dynamics & Control (2021)
    https://doi.org/10.1016/j.jedc.2021.104097
    See also » FRB Working Paper (2020)
  • Frictions in an Experimental Dynamic Stochastic General Equilibrium Economy
    Charles N. Noussair, Damjan Pfajfar, and Janos Zsiros
    Journal of Money, Credit and Banking (2021)
    https://doi.org/10.1111/jmcb.12791
  • The Multiplier Effect of Education Expenditure
    Maarten De Ridder, Simona M. Hannon, and Damjan Pfajfar
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.058
  • The Hidden Heterogeneity of Inflation Expectations and its Implications
    Lena Dräger, Michael J. Lamla, and Damjan Pfajfar
    Finance and Economics Discussion Series (2020)
    https://doi.org/10.17016/FEDS.2020.054
  • Inflation and Deflationary Biases in Inflation Expectations
    Michael J. Lamla, Damjan Pfajfar, and Lea Rendell
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.042
  • Duration Dependence, Monetary Policy Asymmetries, and the Business Cycle
    Travis J. Berge and Damjan Pfajfar
    Finance and Economics Discussion Series (2019)
    https://doi.org/10.17016/FEDS.2019.020
  • The Role of Expectations in Changed Inflation Dynamics
    Damjan Pfajfar and John M. Roberts
    Finance and Economics Discussion Series (2018)
    https://doi.org/10.17016/FEDS.2018.062
  • Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory
    Damjan Pfajfar and Blaz Žakelj
    Macroeconomic Dynamics (2018)
    https://doi.org/10.1017/S1365100516000560
    See also » FRB Working Paper (2015)
  • Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks
    Maarten De Ridder and Damjan Pfajfar
    Cambridge Working Papers in Economics (2017)
  • Consumers' Attitudes and Their Inflation Expectations
    Michael Ehrmann, Damjan Pfajfar, and Emiliano Santoro
    International Journal of Central Banking (2017)
    See also » FRB Working Paper (2015)
  • Uncertainty in Forecasting Inflation and Monetary Policy Design: Evidence from the Laboratory
    Damjan Pfajfar and Blaž Žakelj
    International Journal of Forecasting (2016)
    https://doi.org/10.1016/j.ijforecast.2016.01.005
  • Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News
    Lena Dräger, Michael J. Lamla, and Damjan Pfajfar
    European Economic Review (2016)
    https://doi.org/10.1016/j.euroecorev.2016.01.010
    See also » FRB Working Paper (2015)
  • Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy
    Damjan Pfajfar, Janos Zsiros, and Charles N. Noussair
    Journal of Economic Behavior & Organization (2015)
    https://doi.org/10.1016/j.jebo.2014.10.016
    See also » FRB Working Paper (2014)
  • Loss Aversion and the Asymmetric Transmission of Monetary Policy
    Edoardo Gaffeo, Ivan Petrella, Damjan Pfajfar, and Emiliano Santoro
    Journal of Monetary Economics (2014)
    https://doi.org/10.1016/j.jmoneco.2014.07.009
  • Experimental Evidence on Inflation Expectation Formation
    Damjan Pfajfar and Blaž Žakelj
    Journal of Economic Dynamics & Control (2014)
    https://doi.org/10.1016/j.jedc.2014.04.012
  • The Role of Financial Intermediaries in Monetary Policy Transmission
    Thorsten Beck, Andrea Colciago, and Damjan Pfajfar
    Journal of Economic Dynamics & Control (2014)
    https://doi.org/10.1016/j.jedc.2014.04.010
  • Persistence of Shocks in an Experimental Dynamic Stochastic General Equilibrium Economy
    Damjan Pfajfar, Charles N. Noussair, and Janos Zsiros
    Research in Experimental Economics (2014)
  • Credit Market Distortions, Asset Prices and Monetary Policy
    Damjan Pfajfar and Emiliano Santoro
    Macroeconomic Dynamics (2014)
    https://doi.org/10.1017/S1365100512000557
  • Credit Frictions, Collateral, and the Cyclical Behavior of the Finance Premium
    Pierre-Richard Agenor, George J. Bratsiotis, and Damjan Pfajfar
    Macroeconomic Dynamics (2014)
    https://doi.org/10.1017/S1365100512000715
  • News on Inflation and the Epidemiology of Inflation Expectations
    Damjan Pfajfar and Emiliano Santoro
    Journal of Money, Credit and Banking (2013)
    https://doi.org/10.1111/jmcb.12043
  • Formation of Rationally Heterogeneous Expectations
    Damjan Pfajfar
    Journal of Economic Dynamics & Control (2013)
    https://doi.org/10.1016/j.jedc.2013.03.012
  • Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory
    D. Pfajfar and B. Žakelj
    CentER Discussion Paper (2012)
  • Are Alternative Currencies a Substitute or a Complement to Fiat Money? Evidence from Cross-Country Data
    Damjan Pfajfar, Giovanni Sgro, and Wolf Wagner
    International Journal of Community Currency Research (2012)
  • Determinacy, Stock Market Dynamics and Monetary Policy Inertia
    Damjan Pfajfar and Emiliano Santoro
    Economics Letters (2011)
    https://doi.org/10.1016/j.econlet.2011.02.033
  • Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy
    Damjan Pfajfar, Janos Zsiros, and Charles N. Noussair
    CentER Discussion Paper (2011)
  • Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory
    Damjan Pfajfar and Blaž Žakelj
    CentER Discussion Paper (2011)
    See also » FRB Working Paper (2015)
  • Heterogeneity, Learning and Information Stickiness in Inflation Expectations
    Damjan Pfajfar and Emiliano Santoro
    Journal of Economic Behavior & Organization (2010)
    https://doi.org/10.1016/j.jebo.2010.05.012
  • Asymmetries in Inflation Expectation Formation Across Demographic Groups
    Damjan Pfajfar and Emiliano Santoro
    Cambridge Working Papers in Economics (2008)
Conference Organization
  • November 2015 | Washington, DC

    MQS MINI Conference

    Organizer

  • June 2013 | Amsterdam, Netherlands

    The Role of Financial Intermediaries in the Monetary Policy Transmission Mechanism

    Organizer

Editor
  • Co-editor, special issue on The Role of Financial Intermediaries in the Monetary Policy Transmission Mechanism, Journal of Economic Dynamics and Control (vol. 43, 2014)
Last update: February 22, 2022