Adam Reiff

Research interests

• Monetary macroeconomics: price setting, inflation, sticky prices, menu costs
• International macroeconomics: real exchange rates, border effects
• Sustainability of pension systems: micro simulation of contribution careers

Publications

• Menu Costs, Aggregate Fluctuations, and Large Shocks (joint with Peter Karadi). American Economic Journal: Macroeconomics 11, 3 (July 2019), pp. 111-46.
• Price setting in Hungary - a store-level analysis (joint with Peter Gabriel). Managerial and Decision Economics 31, 2-3 (March 2010), pp. 161-76 (special issue on price setting).

Working papers

• A Long-Term Evaluation of Recent Hungarian Pension Reforms (joint with Christoph Freudenberg and Tamás Berki). MNB Working Paper 2016/2 (July 2016). (Online Appendix)
• Menu costs, aggregate fluctuations, and large shocks (joint with Peter Karadi). CEPR Discussion Paper 10138 (September 2014).
• Earlier version: Large shocks in menu cost models (joint with Peter Karadi). ECB Working Paper 1453 (July 2012).
• Within and cross-country price dispersion in the Euro area (joint with Fabio Rumler). ECB Working Paper 1742 (November 2014).
• Sticky price inflation index: an alternative core inflation measure (joint with Judit Várhegyi). MNB Working Paper 2013/2 (June 2013).
• Inflation asymmetry, menu costs and aggregation bias - a further case for state-dependent pricing (joint with Peter Karadi). MNB Working Paper 2010/3 (April 2010).
• Firm-level adjustment costs and aggregate investment dynamics - estimation on Hungarian data. MNB Working Paper 2010/2 (April 2010).
• Can business confidence indicators be useful to predict short-term industrial growth in Hungary? MNB Background Studies 2002/3 (joint with Gabor Pula).

Work in progress

• The geography of consumer prices (joint with Attila Ratfai).
• Estimating the extent of price stickiness in Hungary: a hazard-based approach (joint with Peter Gabriel).
• The costs of investment.

Conference presentations and seminars

• EEA-ESEM Annual Congress: 2014 (Toulouse), 2013 (Gothenburg), 2011 (Oslo), 2010 (Glasgow), 2009 (Barcelona), 2008 (Milan), 2007 (Budapest)
• Bundesbank seminar: 2013 November
• Computing in Economics and Finance: 2013 (Vancouver)
• SED Annual Congress: 2012 (Limassol), 2009 (Istanbul)
• Midwest Macro Meeting: 2011 (Nashville)
• AEA Annual Congress: 2010 (Atlanta)
• Banque de France workshop on price setting: 2009 (Paris)
• SOEGW workshop: 2008 (Waterloo)
• Rimini Macro Workshop on pirce setting: 2007 (Rimini)
• Bundesbank workshop on price setting: 2007 (Frankfurt)

Degrees

• Central European University, Budapest Economics PhD
• Central European University, Budapest Economics Master of Arts
• Budapest University of Economic Sciences Master of Arts (Faculty of Economics, Department of Finance)