Caterina MENDICINO is Lead Economist at the Monetary Policy Research Division (DG-Research) of the European Central Bank. Her major field of expertise is quantitative macro-finance, with particular emphasis on the real and redistributive effects of monetary and macro-prudential policy.
She holds a Ph.D from the Stockholm School of Economics - Stockholm, Sweden - and a B.S. from the University of Rome III - Rome, Italy. Prior to joining the Monetary Policy Research Division, Caterina was ESCB/IO Economist in the Financial Research Division (DG-Research) of the European Central Bank (2013-2015) and Economist in the Department of Economic Studies of the Bank of Portugal (2008-2013), and in the Department of Monetary and Financial Analysis of the Bank of Canada (2006-2008).
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SELECTED RECENT PUBLICATIONS IN ACADEMIC JOURNALS
POLICY UNCERTAINTY, LENDER OF LAST RESORT AND THE REAL ECONOMY (with M. Jasova and D. Supera) accepted JOURNAL OF MONETARY ECONOMICS.
Expectation-Driven Cycles and the Changing Dynamics of Unemployment (with A. D'Agostino and F. Puglisi) accepted JOURNAL OF MONEY CREDIT AND BANKING. ON LINE APPENDIX.
Optimal Inflation with Corporate Taxation and Financial Constraints (with D. Finocchiaro, G. Lombardo and P.Weil), JOURNAL OF MONETARY ECONOMICS, Volume 95, May 2018, Pages 18-31.
MOST CITED PUBLICATIONS (Google Scholar)
Assessing Capital Regulation in a Macroeconomic Model with Three Layers of Defaults (with L. Clerc, S. Moyen, A. Derviz, K. Nikolov, L. Stracca, J. Suarez, and A.Vardoulakis) June 2015, Pages 9-63, INTERNATIONAL JOURNAL OF CENTRAL BANKING. Discussion by Nobuhiro Kiyotaki
Leaning Against Boom-Bust Cycles in Credit and Housing Prices: Monetary and Macroprudential Policy (with Luisa Lambertini and Maria Teresa Punzi), JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, Volume 37, Issue 8, August 2013, Pages 1500–1522.
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (with Paolo Gelain and Kevin Lansing), INTERNATIONAL JOURNAL OF CENTRAL BANKING, Volume 9, Number 2, June 2013, Pages 219-276.
Recent POLICY ARTICLES: