Research
Working Papers
Estimating the Effects of Government Spending Through the Production Network, joint with Alessandro Barattieri and Nora Traum. Media: VoxEU, revisions requested by The Review of Economic Studies.
Time Use and Macroeconomic Uncertainty, joint with Stefano Gnocchi and Daniela Hauser, The Review of Economics and Statistics, conditionally accepted.
Uncertainty Through the Production Network: Evidence from Stock Market Data, joint with Giacomo Candian.
Publications: International Macroeconomics and Trade
Self-Harming Trade Policy? Protectionism and Production Networks, joint with Alessandro Barattieri, American Economic Journal: Macroeconomics, 13 (April 2023): 97 - 128. Coverage: The note American Protectionism and Construction Materials Costs published by the CATO institute builds on the analysis of this paper.
Trade Flows and Fiscal Multipliers, joint with Nora Traum, The Review of Economics and Statistics, 104 (November 2022): 1206–1223. Appendix.
Protectionism and the Business Cycle, joint with Alessandro Barattieri and Fabio Ghironi. Appendix. Media: VoxEU; Wall Street Journal; Oxford Analytica; Børsen op-ed, Journal of International Economics, forthcoming.
Trade, Unemployment, and Monetary Policy, joint with Fabio Ghironi, Journal of International Economics, accepted. Appendix.
The Domestic and International Effects of Interstate U.S. Banking, joint with Fabio Ghironi and Viktors Stebunovs, Journal of International Economics, 95 (March 2015): 171-187. Appendix.
International Trade and Macroeconomic Dynamics with Labor Market Frictions, Journal of International Economics, 93 (May 2014): 17-30. Appendix. Media: VoxEU.
Publications: Labor Market Dynamics and Uncertainty
Uncertainty, Wages, and the Business Cycle, joint with Federico Ravenna, Economic Journal, forthcoming. Appendix.
Hours and Employment Over the Business Cycle: A Structural Analysis, joint with Giuseppe Fiori and Nora Traum, Review of Economic Dynamics 35: 240-262 (January 2020). Appendix.
Publications: Macroeconomic Policy, Market Regulation and Structural Reforms
Market Deregulation and Optimal Monetary Policy in a Monetary Union, joint with Giuseppe Fiori and Fabio Ghironi, Journal of International Economics, 99 (March 2016): 120-127. Appendix. A non-technical summary is available here.
The Macroeconomic Effects of Goods and Labor Markets Deregulation, joint with Giuseppe Fiori, Review of Economic Dynamics, 20 (April 2016, lead article): 1-24. Appendix.
Fiscal Multipliers and Job-Protection Regulation, joint with Romain Duval, Davide Furceri, and Aleksandra Zdzienicka, European Economic Review, forthcoming. Appendix.
Market Reforms at the Zero Lower Bound, joint with Romain Duval, Giuseppe Fiori, and Fabio Ghironi, Journal of Money Credit and Banking, forthcoming. Appendix. The analysis of product and labor market reforms in the April 2016 issue of the IMF World Economic Outlook (WEO) is based on the results of this paper.
Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies, joint with Romain Duval, Giuseppe Fiori, and Fabio Ghironi, Journal of International Money and Finance, 68 (November 2016): 358–385.
Market Reforms in the Time of Imbalance, joint with Romain Duval, Giuseppe Fiori, and Fabio Ghironi, Journal of Economic Dynamics and Control, 72 (November 2016): 69-93. Appendix.
Inflation Targeting and Economic Reforms in New Zealand, joint with Fabio Ghironi and Stephen Turnovsky, International Journal of Central Banking, 11 (September 2015): 145-198.
Other Publications
Financial Market Integration, Exchange Rate Policy, and the Dynamics of Business and Employment in Korea, joint with Fabio Ghironi and Yurim Lee, NBER Chapter in: International Finance in the Global Markets, Journal of the Japanese and International Economies, 42 (December 2016, lead article): 79–99.
The Macroeconomics of Regulation (Review), joint with Giuseppe Fiori, International Finance, 18 (December 2015): 343-360.