Marco Pinchetti

I am a Research Economist in the International Directorate of the Bank of England and a member of the Centre for Macroeconomics. My main areas of expertise: [i] monetary policy, [ii] international macro-finance, and [iii] central bank digital currencies.

You can have a look at my updated CV here.

Publications:

"Global Spillovers of the Fed Information Effect" (2023), with Andrzej Szczepaniak (Ghent University), IMF Economic Review [final manuscript] [journal version]

Working papers:

"Deconstructing Geopolitical Risk Surprises" (2024), [working paper]
"CBDC Policies in Open Economy" (2023), with Michael Kumhof (Bank of England), Phurichai Rungcharoenkitkul (BIS), and Andrej Sokol (Bloomberg) [working paper]. Coverage: [SUERF] [VoxEU]

"Towards a New Monetary Theory of the Exchange Rate" (2023), with Ambrogio Cesa-Bianchi (Bank of England), Michael Kumhof (Bank of England), Andrej Sokol (Bloomberg), and Gregory Thwaites (University of Nottingham). [working paper]

Work in progress:

"Crypto-Shocks" (2024), with Ambrogio Cesa-Bianchi (Bank of England)
"Optimal Monetary Policy with Innovation Shocks" (2024), with Marco D'Amico (Luiss and ULB)

Invited discussions:

Bidder, Jackson, and Rottner (2023) "CBDC and Banks: Disintermediating Fast and Slow" [slides]
Boehm and Kroner (2021), "The US, Economic News, and the Global Financial Cycle" [slides]
Ciminelli, Rogers, and Wu (2021) "The Effects of US Monetary Policy on International Mutual Fund Investment" [slides]

Blog posts:

“Words which travel the world: global spillovers of the Fed information effect” (2022), with Andrzej Szczepaniak (Ghent University), Bank Underground [link]
“CBDC policies in open economies” (2023), with Michael Kumhof (Bank of England), Phurichai Rungcharoenkitkul (BIS), and Andrej Sokol (Bloomberg), VoxEU [link]
“Did supply constraints tilt the Phillips Curve?” (2023), with Ambrogio Cesa-Bianchi (Bank of England), Ed Hall (Bank of England), and Julian Reynolds (Bank of England), Bank Underground [link]
“The transmission channels of geopolitical risk” (2023), with Sam Smith (Bank of England), Bank Underground [link]

Contacts:

[ marcoluca.pinchetti [at] gmail.com ] [ marco.pinchetti [at] bankofengland.co.uk ] [ Ideas ] [ Scholar ] [ Official Page ] [ Linkedin ] [ Twitter ]