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Lukasz A. Drozd

Economic Advisor and Economist · Federal Reserve Bank of Philadelphia

Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia. Works on macroeconomics, finance and international economics, with current emphasis on bounded rationality in consumer credit and the effect of AI on labor and capital income shares.

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Published Review of Economic Dynamics Published Apr 2026

Pricing-to-market in business cycle models

Lukasz A. Drozd · Marcin Kolasa · Jaromir B. Nosal

This paper evaluates five microfounded pricing-to-market (PTM) mechanisms and one reduced-form aggregator in a two-country DSGE model with volatile exchange rates driven by financial shocks (following …

International Macro Dynamics Monetary Policy Inflation Free Read ↗