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
  • 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
  • Berge, Travis J., and Damjan Pfajfar (2019). "Duration Dependence, Monetary Policy Asymmetries, and the Business Cycle," Finance and Economics Discussion Series 2019-020. Board of Governors of the Federal Reserve System (U.S.).
  • Lamla, Michael J., Damjan Pfajfar, and Lea Rendell (2019). "Inflation and Deflationary Biases in Inflation Expectations," Finance and Economics Discussion Series 2019-042. Board of Governors of the Federal Reserve System (U.S.).
  • Pfajfar, Damjan, and John M. Roberts (2018). "The Role of Expectations in Changed Inflation Dynamics," Finance and Economics Discussion Series 2018-062. Board of Governors of the Federal Reserve System (U.S.).
  • De Ridder, Maarten, and Damjan Pfajfar (2017). "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717. Faculty of Economics, University of Cambridge.
  • Pfajfar, Damjan, and Blaz Žakelj (2018). "Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory," Macroeconomic Dynamics, vol. 22, no. 4, pp. 1035-1075.
  • Ehrmann, Michael, Damjan Pfajfar, and Emiliano Santoro (2017). "Consumers' Attitudes and Their Inflation Expectations," International Journal of Central Banking, vol. 13, no. 1, pp. 225-259.
  • Dräger, Lena, Michael J. Lamla, and Damjan Pfajfar (2016). "Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News," European Economic Review, vol. 85, pp. 84-111.
  • Pfajfar, Damjan, and Blaž Žakelj (2016). "Uncertainty in Forecasting Inflation and Monetary Policy Design: Evidence from the Laboratory," International Journal of Forecasting, vol. 32, no. 3, pp. 849-864.
  • Dräger, Lena, Michael J. Lamla, and Damjan Pfajfar (2015). "Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News," Finance and Economics Discussion Series 2015-035. Board of Governors of the Federal Reserve System (U.S.).
  • Pfajfar, Damjan, and Blaž Žakelj (2015). "Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory," Finance and Economics Discussion Series 2015-045. Board of Governors of the Federal Reserve System (U.S.).
  • Ehrmann, Michael , Damjan Pfajfar, and Emiliano Santoro (2015). "Consumers' Attitudes and Their Inflation Expectations," Finance and Economics Discussion Series 2015-015. Board of Governors of the Federal Reserve System (U.S.).
  • Noussiar, Charles, Damjan Pfajfar, and Janos Zsiros (2015). "Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy," Journal of Economic Behavior & Organization, vol. 109, pp. 188-202.
  • Noussair, Charles, Damjan Pfajfar, and Janos Zsiros (2014). "Pricing Decisions in an Experimental Dynamic Stochastic General Equilibrium Economy ," Finance and Economics Discussion Series 2014-93. Board of Governors of the Federal Reserve System (U.S.).
  • Gaffeo, Edoardo, Ivan Petrella, Damjan Pfajfar, and Emiliano Santoro (2014). "Loss Aversion and the Asymmetric Transmission of Monetary Policy," Journal of Monetary Economics, vol. 68, pp. 19-36.
  • Pfajfar, Damjan, C. N. Noussair, and J. Zsiros (2014). "Persistence of Shocks in an Experimental Dynamic Stochastic General Equilibrium Economy," in Duffy, John ed., Research in Experimental Economics. Emerlad Group Publishing Limited.
  • Agenor, Pierre-Richard, George J. Bratsiotis, and Damjan Pfajfar (2014). "Credit Frictions, Collateral, and the Cyclical Behavior of the Finance Premium," Macroeconomic Dynamics, vol. 18, no. 5, pp. 985-997.
  • Pfajfar, Damjan, and Blaž Žakelj (2014). "Experimental Evidence on Inflation Expectation Formation," Journal of Economic Dynamics and Control, vol. 44, pp. 147-168.
  • Beck, Thorsten, Andrea Colciago, and Damjan Pfajfar (2014). "The Role of Financial Intermediaries in Monetary Policy Transmission," Journal of Economic Dynamics and Control, vol. 43, pp. 1-11.
  • Pfajfar, Damjan, and Emiliano Santoro (2014). "Credit Market Distortions, Asset Prices and Monetary Policy," Macroeconomic Dynamics, vol. 18, no. 3, pp. 631-650.
  • Pfajfar, Damjan, and Emiliano Santoro (2013). "News on Inflation and the Epidemiology of Inflation Expectations," Journal of Money, Credit, and Banking, vol. 45, no. 6, pp. 1045-1067.
  • Pfajfar, Damjan (2013). "Formation of Rationally Heterogeneous Expectations," Journal of Economic Dynamics and Control, vol. 37, no. 8, pp. 1434-1452.
  • Pfajfar, Damjan, Giovanni Sgro, and Wolf Wagner (2012). "Are Alternative Currencies a Substitute Or a Complement to Fiat Money? Evidence from Cross-Country Data," International Journal of Community Currency Research, vol. 16, pp. 45-56.
  • Pfajfar, D., and B. Žakelj (2012). "Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory," Discussion Paper 2012-072. Tilburg University, Center for Economic Research.
  • Pfajfar, Damjan, and Emiliano Santoro (2011). "Determinacy, Stock Market Dynamics and Monetary Policy Inertia," Economics Letters, vol. 112, no. 1, pp. 7-10.
  • Noussair, C. N., D. Pfajfar, and J. Zsiros (2011). "Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy," Discussion Paper 2011-030. Tilburg University, Center for Economic Research.
  • Pfajfar, Damjan, and Blaž Žakelj (2011). "Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory," Discussion Paper 2011-091. Tilburg University, Center for Economic Research.
  • Pfajfar, Damjan, and Emiliano Santoro (2010). "Heterogeneity, Learning and Information Stickiness in Inflation Expectations," Journal of Economic Behavior and Organization, vol. 75, no. 3, pp. 426-444.
  • Pfajfar, Damjan, and Emiliano Santoro (2008). "Asymmetries in Inflation Expectation Formation Across Demographic Groups," Cambridge Working Papers in Economics 0824. Faculty of Economics, University of Cambridge.
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: September 23, 2019