Publications





Books 

Principi di economia politica (with E. Saltari, R. Tilli), Carocci, Rome, 472 pp., 2019

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 

The rationale of in-group favoritism: An experimental test of three explanations (G. Ciccarone, S. Papa), Games and Economic Behaviorforthcoming

Price and wage inflation persistence across countries and monetary regimes (with E. Beqiraj, M. Di Pietro), Journal of International Money and Finance, forthcoming 

Bounded rationality and heterogeneous expectations: Euler vs. anticipated-utility approach (with E. Beqiraj, M. Di Pietro, C. Serpieri), Journal of Economics, 130: 249-273, 2020

An evaluation of alternative fiscal adjustment plans: The case of Italy (with N. Acocella, E. Beqiraj, M. Di Pietro, F. Felici), Journal of Policy Modelling, 42: 699-711, 2020

The sound of silence: A license to be selfish (with M. Dufwenberg, S. Papa), Economics Letters, 182: 68-70, 2019

A stochastic estimated version of the Italian dynamic General Equilibrium Model (with N. Acocella, E. Beqiraj, M. Di Pietro, F. Di Dio, F. Felici, G. Alleva, B. Liseo), Economic Modelling, forthcoming.

Promises, expectations & causation (with M. Dufwenberg, S. Papa, F. Passarelli), Games and Economic Behavior, 113: 137-146, 2019

Beliefs formation and the puzzle of forward guidance power (with E. Beqiraj, M. Di Pietro), Journal of Macroeconomics, 60: 20-32, 2019

Resilience in regional business cycles across the Benelux (with E. Beqiraj, M. Di Pietro and C. Serpieri), Handbook on Regional Economic Resilience, edited by G. Bristow, Edward Elgar, 2020.

Correlates of (soft) skills of Italian undergraduate students (with S. Fedeli, M. Tancioni), Journal of Public Finance and Public Choice, forthcoming

Rational vs. long-run forecasters: Optimal monetary policy and the role of inequality (with E. Beqiraj, C. Serpieri), Macroeconomic Dynamics, 23: 9-24, 2019

Macroeconomics, rationality, and institutions (with E. Dia), Journal of Macroeconomics, 50: 46-49, 2019

The effects of physical activity on social interactions: The case of trust and trustworthiness (with S. Papa), Journal of Sport Economics, 20: 50-71, 2019

Natural resources and environment preservation: Strategic substitutability vs. complementarity in global and local public good provision (with N. Acocella), International Review of Environmental and Resource Economics, 13: 203-2274, 2019

Franco Modigliani: Il primo economista keynesiano contemporaneo (with G. Ciccarone), Economia Italiana, 3: 97-126, 2019

Public debt stabilization: The relevance of policymakers' time horizons (with M. Di Pietro, E. Saltari, W. Semmler), Public Choice, 177: 287-299, 2018

Optimal inflation targeting rule under positive hazard functions for price changes (with M. Di Pietro), Macroeconomic Dynamics, 22: 135-152, 2018

Current macroeconomic challenges (with E. Saltari), Macroeconomic Dynamics, 22: 1-3, 2018 

Miscommunication in an investment game (with S. Papa), Annali del Dipartimento di Metodi e Modelli per l’Economia, Il Territorio e la Finanza, 31-40, 2018

Il contributo di Modigliani al progetto di inflazione programmata e scambio politico-economico (with G. Ciccarone), Economia&Lavoro, 3: 109-122, 2018

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

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

EMU stability: Direct and indirect risk sharing (with P. Canofari, M. Messori), Open Economies Review, 28: 847-862, 2017

I sindacati come attori della politica macroeconomica (with S. Papa), Economia&Lavoro, 51: 13-26, 2017

Conditional and unconditional other regarding preferences: A qualitative analysis (with S. Papa), Annali del Dipartimento di Metodi e Modelli per l’Economia, Il Territorio e la Finanza, 47-57, 2017

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

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 centralizationStudies 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 Academic Research in Business and Social Sciences, 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 

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

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 managementJournal 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 competitivenessJournal 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  

Resilience, contagion, and vulnerability to external financial crisis in CEE countries (with E. Beqiraj, M. Di Pietro, C. Serpieri) in Resilience, European Commission, JRC, Luxemburg: 46-54, 2018

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 conflitti (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 

Robust optimal policies in a behavioural New Keynesian model (with C. Serpieri), JRC Technical Report, Publications Office of the European Union, Luxembourg, 2018

Bounded-rationality and heterogeneous agents: Long or short forecasters? (with E. Beqiraj, M. Di Pietro, C. Serpieri), JRC Technical Report, Publications Office of the European Union, Luxembourg, 2018

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, 2018 

Resilience, crisis contagion, and vulnerability in Central Europe and the Baltics (with E. Beqiraj, M. Di Pietro, C. Serpieri), JRC Technical Report, Publications Office of the European Union, Luxembourg, 2017

A stochastic estimated version of the Italian dynamic General Equilibrium Model (IGEM) (with N. Acocella, G. Alleva, E. Beqiraj, F. Di Dio, M. Di Pietro, F. Felici, B. Liseo), Ministry of Economy and Finance, 2017 

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