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Caterina MENDICINO is Senior Team Lead Economist in the Financial Research Division of the Directorate General Research of the European Central Bank. Prior to that, she was Adviser in the Monetary Policy Directorate (2022-2023) and Lead Economist in the Monetary Policy Research Division of the ECB (2015-2022). She also worked as an Economist at the Bank of Portugal (2008-2015), and the Bank of Canada (2006-2008). She holds a Ph.D in Economics from the Stockholm School of Economics.
Her research and policy interests cover a wide range of monetary and financial issues. Recently, she has been focusing on the real and financial stability effects of central bank policies and the interaction between monetary and macroprudential policies. Her research has been published in the Journal of Monetary Economics, the Review of Financial Studies and the Journal of Finance, among others. She also published articles in general audience outlets including VoxEU, SUERF Policy Brief and The ECB BLOG.
Caterina launched the WE ARE IN Macroeconomic and Finance Conference joint with Helene Rey in 2020 and is one of the organizers of the Corporate finance and Financial intermediation IBEO Meeting. She is a member of the Advisory Board of the Bernacer Prize and a member of the Macro Finance Society. She also coordinated the ECB research task force on Monetary Policy, Macro-Prudential Policy and Financial Stability Caterina currently serves as an associated editor at the Journal of Money, Credit and Banking.
Additional information can be found on her ECB webpage
CONFERENCE ORGANIZATION
Selected ON GOING PAPERS
Savings, Efficiency and the Nature of Bank Runs Coauthors: Agnese Leonello, Ettore Panetti and Davide Porcellacchia r&r Review of Finance
Glossy Green Banks: The Disconnect Between European Banks’ Sustainability Reporting and Lending Activities Coauthors: M. Giannetti, M. Jasova, M. Loumioti
To be presented at the 2024 SFS Cavalcade, 2024 and the ECGI Global Corporate Governance Colloquia at Columbia Law School.
Presentations (among many others): AFA 2024, EFA 2023, the NYU Stern Big Apple Accounting Conference
Press coverage: FT, Sole 24 Ore, Naftemporiki, Handelsblatt, Reuter
Mariassunta Keynote at the ECB Banking Supervision Research Conference
The ECB Blog post on our paper
Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers CEPR WP Coauthors: M. Jasova, E. Panetti, J-L Peydro, D. Supera
Presentations (among many others): 2020 CEBRA, 2020 Monetary Policy and Heterogeneity Fed Board Conference, 3rd Bank of Italy-CEPR Labor Workshop, 2021 Cepr Workshop Empirical Monetary Economics, Bank of Italy-CEPR ``Closing the Gaps'' Conference, 2021 MoFiR, 2021 SED, 2021 ECB-CEPR WE ARE IN Macroeconomics and Finance Conference, Econometric Society - NAWM, 2022 Barcelona Summer Forum, 11th IBEO Workshop, Equitable Growth 2022, FIRS.
Press coverage: El confidencial
The ECB Blog post on our paper
Distributive Effects of Bank Sector Losses Coauthors: Lukas Nord and M. Peruffo
Presentations (among many others): 24th CBMM Workshop, 2021 CEF, 2021 EEA-ESEM, 2021 Barcelona Summer Forum.
Bank Foreign Liabilities and Capital Requirements Coauthors: L. Falasconi, P. Herrera, D. Supera
To be presented at ESSIM 2024, Luis Finance Forum 2024.
Presentations (among many others): 2023 SED, 2023 CEA, 8th BdF-BoE-Bdl International Macroeconomics Workshop, 2023 Midwest Macro Meetings, 2023 NASM Econometric Society, 2023 EEA-ESEM, MFA 2024.
WE ARE IN
2023 WE_ARE_IN Macroeconomics and Finance @Sveriges Riksbank. DAY 1, DAY2.
2022 WE_ARE_IN Macroeconomics and Finance @BIS. Sections: 1 2 3 4 Panel
2021 WE_ARE_IN Macroeconomics and Finance @ECB. DAY 1, DAY 2
CALL FOR PAPERS 2024 WE ARE IN Macroeconomics and Finance
WE ARE IN Macroeconomics and Finance conference 2023, Stockholm
Selected PUBLICATIONS IN ACADEMIC JOURNALS
Twin Defaults and Capital Requirements (with K. Nikolov, J. Rubio-Ramirez, J. Suarez, and D. Supera). SSRN WP. CEPR WP, Forthcoming Journal of Finance
Columns on the paper: @ECB @VoxEU
Systemic Risk and Monetary Policy: The Haircut Gap Channel of the Lender of Last Resort (with Martina Jasova, Luc Laeven, Jose-Luis Peydro and D. Supera) CEPR WP, Accepted Review of Financial Studies.
Winner of the 2021 Best Paper Award, MARC Conference
Policy Uncertainty, Lender of Last Resort and the Real Economy (with M. Jasova and D. Supera) Journal of Monetary Economics, Volume 118, March 2021, Pages 381-398.
Bank Capital in the Short and in the Long Run (with K. Nikolov, J. Suarez, and D. Supera), Journal of Monetary Economics, Volume 115, November 2020, Pages 64-79 . PDF
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.
Recent GENERAL AUDIENCE ARTICLES:
Green Lending: do banks walk the talk? (with M. Giannetti, M. Jasova, M. Loumioti), The ECB BLOG, December 2023.
Monetary and Macroprudential policy effectiveness and spillovers (with L. Laeven and A. Maddaloni),SUERF Policy Brief 484.
Which workers are most affected by changes in the policy rate? (with M. Jasova and D. Supera) ECB BLOG, October 2022.
Systemic Risk and policy interventions: monetary and macroprudential policy (with A. Martin and A. Van der Ghote), Research Bulletin Article, nr.97 European Central Bank, June 2022.
Monetary and Macroprudential policies: trade-offs and interactions (with L. Laeven and A. Maddaloni), Research Bulletin Article, nr.92 European Central Bank, February 2022. VOXEU
Selected DISCUSSIONS:
Falling Natural Rates, Rising Housing Price Volatility and the Optimal Inflation Target, by Klaus Adam, Oliver Pfaeuti and Timo Reinelt-- Qatar Centre for Global Banking & Finance Annual Conference: Challenges facing central banks in the 2020s, May 2021.
Monetary Easing, Leveraged Payouts and Lack of Investment by Viral V. Acharya and Guillaume Plantin -- Conference on Advances in Monetary Economics, IMF, July 2020.
How does the Interaction of Macroprudential and Monetary Policy Affect Cross-Border Lending? by Elod Takats (BIS) and Judit Temesvary (FRB) -- 7th Research Workshop, MPC Task Force on Banking Analysisi, February 2020.
The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending? by Saleem Bahaj (BOE and CFM) and Frederic Malherbe (LBS and CEPR) -- 21th Annual DNB Research Conference, November 2018.
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Disclaimer: The information in this website represents the views of the author and should not be interpreted as reflecting the views of the European Central Bank or the Eurosystem.