Publications





Books 

Theoretical foundations of macroeconomic policy: Growth, productivity and public finance (with E. Saltari, editors), Routledge, London, 205 pp., 2017

Macroeconomic paradigms and economic policy (with N. Acocella, A. Hughes Hallett), Cambridge University Press, 339 pp., 2016 (book materials)

The theory of economic policy in a strategic context (with N. Acocella, A. Hughes Hallett), Cambridge University Press, 351 pp., 2012

Economia della cortesia (with A. Bianchi, M. De Nicola, P. Di Giovanni, S. Papa, O. Trio), Carocci, Rome, 167 pp., 2008

Dynamic modeling of monetary and fiscal cooperation among nations (with B. van Aarle, J. Engwerda, T. Michalak, J. Plasmans), Springer, Berlin, 335 pp., 2006


Referred Journals

New Rational vs. long-run forecasters: Optimal monetary policy and the role of inequality (with E. Beqiraj and C. Serpieri), Macroeconomic Dynamics, forthcoming

New Intrinsic persistence of wage inflation in New Keynesian models of the business cycles (with M. Di Pietro), Journal of Money, Credit and Banking, 49: 1161-1195, 2017

New Optimal monetary policy in a New Keynesian model with heterogeneous expectations (with B. Giannini and M. Di Pietro), Journal of Economic Dynamics & Control, 73: 373-387, 2016

Regime switches under policy uncertainty in monetary unions (with P. Canofari), European Journal of Political Economy, 47: 124-132, 2017 

The effects of physical activity on social interactions: The case of trust and trustworthiness (with S. Papa), Journal of Sport Economics, forthcoming 

New EMU stability: Direct and indirect risk sharing (with P. Canofari, M. Messori), Open Economies Review, forthcoming 
  
Current macroeconomic challenges (with E. Saltari), Macroeconomic Dynamics, forthcoming
 
Optimal inflation targeting rule under positive hazard functions for price changes (with M. Di Pietro), Macroeconomic Dynamics, forthcoming

Trust and reciprocity: Extensions and robustness of triadic design (with S. Papa), Experimental Economics, 19: 100-115, 2016 

Does collective meditation foster trust and trustworthiness in an investment game? (with S. Papa), International Review of Economics, 63: 379-392, 2016 

Some determinants of trust formation and pro social behaviours in investment games. An experimental study (with S. Papa), Studies in Microeconomics, Sage, 4: 1-14, 2016

The comeback of inflation as an optimal public finance tool (with N. Acocella, P. Tirelli), International Journal of Central Banking, 11: 43-70, 2015

US trend inflation reinterpreted: The role of fiscal policies and time-varying nominal rigidities (with N. Acocella, P. Tirelli), Macroeconomic Dynamics, 19: 1294-1308, 2015

Strategic interactions and contagion effects under monetary unions (with P. Canofari, G. Piersanti), World Economy, 38: 1618-1629, 2015

Interlocking directorates and concentration in the Italian insurance market (with P. Canofari), Journal of Industry, Competition and Trade, Springer, 15: 351-362, 2015

Trend inflation, the labor market wedge, and the non-vertical Phillips curve (with N. Acocella, P. Tirelli), Journal of Policy Modelling, 36: 1022-1035, 2014

Announcement wars as an equilibrium selection device (with N. Acocella, A. Hughes Hallett, P. Piacquadio), Oxford Economic Papers, 66: 325-347, 2014

Optimal degree of union centralization, Studies in Microeconomics, Sage, 2: 201-211, 2014

Theory and practice of contagion in monetary unions: Domino effects in EU Mediterranean countries (with P. Canofari, G. Piersanti), International Advances in Economic Research, Springer, 20: 259-267, 2014

Oil price fluctuations and their impact on Ghana economic growth: A DSGE approach (with E.A Bondzie, G.O. Fosu), International Journal of ARBSS, 4: 217-242, 2014

Trend inflation as a workers’ discipline device (with N. Acocella, P. Tirelli), Empirica, 40: 215-235, 2013

The costs of social pacts (with N. Acocella), Bulletin of Economic Research, 65: 238-255, 2013

A general theory of controllability and expectations anchoring for small-open economies (with N. Acocella, A. Hughes Hallett), Journal of International Money and Finance, 31: 397-411, 2012

Inflation targets and endogenous wage markups in a New Keynesian model (with N. Acocella, P. Tirelli), Journal of Macroeconomics, 34: 391-403, 2012

Expectations dynamics: Policy, announcements and limits to dynamic inconsistency (with N. Acocella, A. Hughes Hallett), Studies in Nonlinear Dynamics & Econometrics, BE Press Journals, 16, 2012

Tinbergen controllability and n-player LQ-games (with N. Acocella, A. Hughes-Hallett), Journal of Macroeconomics, 32: 55-67, 2011

Monetary policy, rule-of-thumb consumers and external habits: A G7 comparison (with L. Rossi, M. Tancioni), Applied Economics, 21: 2721-2738, 2011

Fiscal and monetary interaction under monetary policy uncertainty (with F. Giuli), European Journal of Political Economy, 27: 369-375, 2011

Who are the working poor? (with A. Di Bartolomeo, M. Pedaci), EM Journal of Applied Economics, 30: 1-13, 2011

Policy games, policy neutrality and Tinbergen controllability (with N. Acocella, A. Hughes-Hallett), Journal of Macroeconomics, 32: 55-67, 2010

Fiscal policy under balanced budget and indeterminacy: A New Keynesian perspective (with M. Manzo), Scottish Journal of Economic Policy, 57: 455-472, 2010

The old and the new theory of economic policy (with N. Acocella, A. Hughes Hallett), International Journal of Public Policy, 6: 154-165, 2010

Is there any scope for corporatism in macroeconomic policies? (with N. Acocella, W. Pauwels), Empirica, 37: 403-424, 2010

Convergenza di interessi, conflitto e coordinamento nella fornitura di beni pubblici (with N. Acocella), Politica Economica, 26, 389-408, 2010

Conflict of interests, (implicit) coalitions and Nash policy games (with N. Acocella, P. Piacquadio), Economics Letters, 105: 303-305, 2009

The macroeconomics of social pacts (with N. Acocella, P. Tirelli), Journal of Economic Behavior & Organization, 72: 202-213, 2009

Policy uncertainty, symbiosis, and the optimal fiscal and monetary conservativeness (with F. Giuli, M. Manzo), Empirica, 36: 446-474, 2009

The emerging new theory of economic policy (with N. Acocella), International Economics, 61: 135-150, 2008

Labor market regimes and the effects of monetary policy (with N. Acocella, D.A. Hibbs), Journal of Macroeconomics, 30: 134-156, 2008

Fiscal-monetary policy coordination and debt management: A two-stage analysis (with D. Di Gioacchino), Empirica, 35: 433-448, 2008

Dynamic controllability with overlapping targets: Or why target independence may not be good for you (with N. Acocella, A. Hughes-Hallett), Macroeconomic Dynamics, 11: 202-213, 2007

Unions, fiscal policy and central bank transparency (with G. Ciccarone, E. Marchetti), The Manchester School, 75: 617-633, 2007

The debates on Rignano’s inheritance tax proposal (with G. Erreygers), History of Political Economy, 18: 605-638, 2007

Efficacy of monetary policy and limited asset market participation (with L. Rossi), International Journal of Economic Theory, 3: 213-218, 2007

Fiscal leadership and coordination in the EMU (with N. Acocella, P. Tirelli), Open Economies Review, 18: 281-289, 2007

Existence and policy effectiveness in feedback Nash LQ-games (with N. Acocella), Ratio Mathematica, 18: 1-8, 2007

Monetary conservatism and fiscal coordination in a monetary union (with N. Acocella, P. Tirelli), Economics Letters, 94: 56-63, 2007

Heterogeneous consumers, demand regimes, monetary policy and equilibrium determinacy (with L. Rossi), Rivista Italiana di Politica Economica, 9-10: 111-141, 2007

Is corporatism feasible? (with N. Acocella), Metroeconomica, 58: 340-359, 2007

Interest group and the monetary policy management, Journal of Current Issues in Finance, Business and Economics,1: 71-89, 2007

Controllability in policy games: Policy neutrality and the theory of economic policy revisited (with N. Acocella, A. Hughes-Hallett), Computational Economics, 28: 91-112, 2006

Macroeconomic stabilization policies in the EMU: Spillovers, asymmetries and institutions (with B. van Aarle, J. Engwerda, T. Michalak, J. Plasmans), Scottish Journal of Political Economy, 53: 461-483, 2006

The issue of instability in a simple policy game between the central bank and a representative union (with W. Pauwels), Public Choice, 126: 275-298, 2006

Tinbergen and Theil meet Nash: Controllability in policy games (with N. Acocella), Economics Letters, 90: 213-218, 2006

Staying together or breaking apart: Policy-makers' endogenous coalitions in the European Monetary Union (with B. van Aarle, J. Engwerda, J. Plasmans), Computers & Operations Research, 33: 438-463, 2006

European economic institutions: Stability or growth oriented? (with N. Acocella), Acta Oeconomica, 57: 35-65, 2006

L’evoluzione dei patti sociali in una prospettiva analitica (with N. Acocella, S. Papa), Quaderni di Rassegna Sindacale, 4: 189-210, 2006

Unions’ inflation aversion and international competitiveness, Journal of Policy Modeling, 27: 137-142, 2005

Le istituzioni economiche europee sono orientate alla stabilità o alla crescita? (with N. Acocella), Studi e Note di Economia, 1: 59-89, 2005

Central banks and information provided to the private sector (with E. Marchetti), BNL Quarterly Review, 230: 265-297, 2004

Is a conservative central banker a (perfect) substitute for wage coordination? (with N. Acocella), Empirica, 31: 281-294, 2004

Non-neutrality of monetary policy in policy games (with N. Acocella), European Journal of Political Economy, 20: 695-707, 2004

Policymakers coalitions and the stabilization policies in the EMU (with B. van Aarle, J. Engwerda, J. Plasmans), Journal of Economics, 82: 1-24, 2004

Wage and public expenditure setting in a monetary union (with N. Acocella), Zagreb International Review of Economics and Business, 6: 1-16, 2003

When can monetary policy affect real variables? (with N. Acocella), ICFAI Journal of Monetary Policy, 1: 7-29, 2003

Monetary and fiscal policy design in the EMU using a dynamic game approach: An overview (with B. van Aarle, J. Engwerda, J. Plasmans), Open Economies Review, 13: 321-340, 2002

Coalitions and dynamic interactions between fiscal and monetary authorities in the EMU (with B. van Aarle, J. Engwerda, J. Plasmans), IFO Economic Studies, 2: 207-229, 2002

Sindacati, non neutralità della moneta e giochi di politica economica (with N. Acocella), Moneta e Credito, 219: 263-277, 2002


Book Contributions

Public finance and the optimal inflation rate (with P. Tirelli) in Theoretical foundations of macroeconomic policy: Growth, productivity and public finance, G. Di Bartolomeo and E. Saltari (eds), Routledge, London, Chapter 6: 87-101, 2017

Financial crises, limited-asset market participation, and banks' balance sheet constraints (with E. Beqiraj , M. Di Pietro) in Theoretical foundations of macroeconomic policy: Growth, productivity and public finance, G. Di Bartolomeo and E. Saltari (eds), Routledge, London, Chapter 4: 57-67, 2017

Central banks and economic policy after the crisis: What have we learned? (with N. Acocella, A. Hughes-Hallett) in Survey of international finance, H.K Baker, L.A. Riddick (eds), Oxford University Press, Chapter 5: 158-181, 2012

Sviluppo e ambiente di alcuni possibili confilitti (with N. Acocella), in Le categorie geografiche di Giorgio Spinelli, Pàtron Editore, Bologna: 41-52, 2014

Organisational issues in the provision of global public goods (with N. Acocella) in International public goods, N. Acocella (ed), Sapienza University Press, Rome: 29-44, 2011

Towards a new theory of economic policy: Continuity and innovation (with N. Acocella) in Quantitative economic policy: Theory and applications, R. Neck, C. Richter, P. Mooslechner (eds), Physica-Verlag, Heildelberg and New York: 15-34, 2008

Models of endogenous coalition formation between fiscal and monetary authorities in the presence of a monetary union (with B. van Aarle, J. Engwerda, T. Michalak, J. Plasmans) in Quantitative economic policy: Theory and applications, R. Neck, C. Richter, P. Mooslechner (eds), Physica-Verlag, Heildelberg and New York: 103-136, 2008

Interest groups and the monetary policy management in Trends in monetary policy issues, A.V. Tavidze (ed), Nova Science, New York: 25-52, 2008

Cortesia e decisioni collettive (with S. Papa) in Economia della cortesia, Carocci, Rome, 2008

From first- to second-generation social pacts (with N. Acocella, P. Tirelli) in Social pacts, employment and growth: Essay in honor of Ezio Tarantelli, N. Acocella, R. Leoni (eds), Physica-Verlag, Heildelberg and New York: 239-251, 2007

E' tempo di riformare le istituzioni europee per favorire la crescita (with N. Acocella) in Sviluppo dualistico e mezzogiorni d'Europa, R. Realfonzo, C. Vita (eds), FrancoAngeli, Milan: 32-65, 2007

Interest group and the monetary policy management in International finance and monetary policy, G.P. Severov (ed), Nova Science, New York: 1-27, 2006

Monetary policy regimes with hybrid output gaps and inflation rates with application to EU-accession countries (with B. van Aarle, B. Merlevede, J. Plasmans) in Kwantitatief bekeken - Liber Amicorum Prof. dr. Robert Van Straelen, S. Késenne (ed), Garant, Louvain: 135-176, 2004

Coalitional behavior in an open-loop LQ-differential game for the EMU (with B. van Aarle, J. Engwerda, J. Plasmans) in Modelling and control of economic systems, R. Neck (ed), Elsevier, Oxford: 87-92, 2003

Partisanship and fiscal policy coordination in a monetary union (with N. Acocella) in Income distribution, unemployment and growth, R. Balducci, S. Staffolani (eds), ESI, Napoli: 247-260, 2002

Monetary unions: The policy coordination issue (with B. van Aarle, J. Engwerda, J. Plasmans) in Applied simulation and modeling, L. Umbertini (ed), ACTA Press, Anaheim: 19-24, 2002

Calmfors and Driffill's hump-shaped relationship: A different view in Income distribution, unemployment and growth, R. Balducci, S. Staffolani (eds), ESI, Napoli: 261-280, 2002


Reports and notes (in Italian)

f-IGEM: An extension of the Italian General Equilibrium Model (IGEM) to financial frictions (with N. Acocella, E. Beqiraj, F. Di Dio, M. Di Pietro, F. Felici), Ministry of Economy and Finance, 2016

A stochastic estimated version of the Italian dynamic General Equilibrium Model (IGEM) (with N. Acocella, E. Beqiraj, F. Di Dio, M. Di Pietro, F. Felici), Ministry of Economy and Finance, 2016 

L’indotto del progetto Stadio della Roma – Tor di Valle: Analisi di impatto economico e sociale (with G. Ciccarone, F. D'Ascenzo, S. Fedeli, F. Mellino, M. Tancioni), Facoltà di Economia (Sapienza Università di Roma), 2016

L’impatto macroeconomico del Giubileo Straordinario della Misericordia sull'area romana (with G. Ciccarone, V. Di Simone, S. Fedeli, M. Tancioni), Segreteria Tecnica Giubileo, Prefettura di Roma, 2016 

L’economia della cortesia e l’efficienza delle decisioni collettive (with S. Papa), Menabò Eticaeconomia, 19, 2015

L’indotto del Giubileo Straordinario della Misericordia: Analisi di impatto economico (with G. Ciccarone, S. Fedeli, M. Tancioni), Camera di Commercio Roma, 2015

Primi risultati dell’identificazione delle determinanti universitarie e ambientali delle performance degli studenti (with S. Fedeli, L. Leonida), Agenzia Nazionale di Valutazione del Sistema Universitario e della Ricerca (ANVUR), Roma, 2014

Cambiare la protezione del lavoro, non la contrattazione (with N. Acocella), Uguaglianza e Libertà, 31/05, 2006

Chi sono gli utenti dei servizi per l'Impiego? (with G. Barbieri, P. Gennari, P. Sestito), D.L. No. 1, Ministero del Lavoro, O.M.L., Gruppo di lavoro sul monitoraggio, Rome, 2000