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Gabriela Best

Associate Professor: Department of Economics, California State University, Fullerton


Bad Luck, Bad Policy, or Learning? A Markov-Switching Approach to Understanding Postwar U.S. Macroeconomic Dynamics (with Joonyoung Hur) 2019.  European Economic Review, Vol. 119, pp. 55-78.  

Is the Fed’s News Perception Different from the Private Sector’s? (with Pavel Kapinos) 2019. Applied Economics, Vol. 51, Issue 16, pp 1694-1710.

Policy Preferences and Policymakers’ Beliefs: The Great Inflation 2017. Macroeconomic Dynamics, Vol. 21 (8), pp. 1957-1995.  DOI Version

Monetary Policy and News Shocks: Are Taylor Rules Forward-looking? (with Pavel Kapinos), 2016. The B.E. Journal of Macroeconomics (Contributions). ISSN (Online) 1935-1690, ISSN (Print) 2194-6116, DOI version

A New Keynesian Model with Staggered Price and Wage Setting under Learning 2015. Journal of Economic Dynamics and Control, Vol. 57, 96-111.

Fear of Floating or Monetary Policy as Usual? A Structural Analysis of Mexico’s Monetary Policy 2013. North American Journal of Economics and Finance, 24, 45-62.

Working Papers

News, Real-time Forecasts, and the Price Puzzle (with Pavel Kapinos).

Work in Progress

Monetary Policy Perceptions (with Fabio Milani)