Research

Vincent Sterk

Department of Economics

University College London

Drayton House, Gower Street,

London WC1E 6BT, UK

Phone: +44 207 679 5877

E-mail: v.sterk@ucl.ac.uk

Research

Research interests: Business Cycles, Monetary Policy, Firm Dynamics, Labor Markets, Housing Markets, and Inequality.

Working Papers

Optimal Monetary Policy during a Cost of Living Crisis, with Alan Olivi and Dajana Xhani. Appendix. Revise & Resubmit, American Economic Review.

Startup Types and Macroeconomic Performance in Europe, with Ralph De Haas and Neeltje Van Horen (2022). CEPR DP17400.

Work in Progress

Household relief programs: a macroeconomic analysis, with Alan Olivi and Dajana Xhani.

Endogenous markup fluctuations and inequality over the business cycle, with Alan Olivi and Dajana Xhani.

The Marginal CPI: a new price index for macroeconomic analysis, with Alan Olivi and Dajana Xhani.

Early Exit, with Petr Sedlacek.

Publications

Stock Market Participation, Inequality and Monetary Policy, with Davide Melcangi (2024), forthcoming, Review of Economic Studies.

"Expectations and Incomplete Markets." (2023), with Evi Pappa and Morten O. Ravn, Forthcoming, Chapter 19 (pp.

569-612) of Bachmann, Topa and van der Klaauw: Handbook of Economic Expectations, Academic

Press (Elsevier).

Startups and Employment Following the COVID-19 Pandemic: A Calculator, with Cristiana Benedetti-Fasil and Petr Sedlacek (2022). Earlier version available in Covid Economics, issue 13. Economic Policy, Vol 37, Issue 111, pp 507-533. Earlier

version in Covid Economics, Issue 13 and as CEPR DP 14671

Calculator United States: here. VoxEU column: here.

Calculator EU member states: here.

Quantitative Easing with Heterogeneous Agents (2021), with Wei Cui, Journal Of Monetary Economics, Vol 123, pp 68-90. CEPR DP13322. 13322. VoxEU column.

Sterk, Vincent (r) Sedlacek, Petr (r), and Pugsley, Benjamin (2021). The Nature of Firm Growth , American Economic Review. Vol 111 (2), 547-579. Appendix. VoxEU column. Download autocovariance moments. Citation help.

Reviving American Entrepreneurship? Tax Reform and Business Dynamism, with Petr Sedlacek. Journal Of Monetary Economics, Vol 105, pp.94-108. Carnegie-Rochester-NYU Conference Series on Public Policy, (2019).

Comments on "The Forward Fiscal Guidance Puzzle and a Resolution" by M. Canzoneri, D. Cao, R. Cumby, B. Diba, and W. Luo (2018) Journal of Economic Dynamics and Control, Gerzensee conference volume, 89(C), pp. 47-49.Link to publication.

The Growth Potential of Startups over the Business Cycle, (2017), Vol. 107 (10), pp. 3182-3210, American Economic Review, with Petr Sedlacek, appendix. Earlier version.

Job Uncertainty and Deep Recessions, (2017) , Vol. 57 (2), pp. 217-225 , Journal of Monetary Economics, with Morten O. Ravn,

Home Equity, Mobility, and Macroeconomic Fluctuations, (2015), Vol. 74, pp. 16-32, Journal of Monetary Economics.

The Myth of Financial Innovation and the Great Moderation (2011), Economic Journal, Vol. 121, Issue 335, pp. 707, with Wouter den Haan.

Policy reports