Elisa Rubbo is an economist interested in macroeconomics and international trade. Her research focuses on how macroeconomic variables affect different industries and labor markets. Rubbo earned a Ph.D. in Economics from Harvard University.

Elisa Rubbo is an economist interested in macroeconomics and international trade. Her research focuses on how macroeconomic variables affect different industries and labor markets. Rubbo earned a Ph.D. in Economics from Harvard University.

We discuss the determinants of aggregate measures of real economic activity, like real GDP, real domestic absorption, and aggregate productivity in both efficient and inefficient environments. We...

To introduce these realistic features in the New Keynesian framework, this paper combines it with a multi-sector model of production, and systematically revisits its three pillars—the IS curve, the Phillips curve, and the welfare function—both theoretically and quantitatively.

With multiple sectors productivity fluctuations generate endogenous cost-push shocks in the consumer-price Phillips curve, pointing at a trade-off between inflation and output stabilization. I construct a novel inflation index that yields a "divine coincidence" Phillips curve with no endogenous cost-push shocks.

Elisa Rubbo is a contributing author. To provide insights into the processes that drive inflationary dynamics, the Federal Reserve Bank of Cleveland holds an annual conference on the topic of inflation: the Inflation: Drivers and Dynamics series. The 2020 installment of the conference was held on May 21-22, 2020.

Elisa Rubbo Visiting Professor. Email. [email protected]. CV. Website. Visits. Elisa Rubbo. Program: Macroeconomics Visiting from: University of Chicago Dates: 4/22 - 26/2024. Academic Year: AY 23-24 More info about Elisa Rubbo. Fields of Interest

Building on these results, I characterize (i) the correct definition of aggregate inflation and (ii) how the optimal policy trades off inflation in different sectors, based on the produc-tion structure. I construct two novel inflation indicators. The first yields a well-specified Phillips curve.

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