Published Articles
The Deflationary Bias of the ZLB and the FED’s Strategic Response, Journal of Money Credit and Banking - with Adrian Penalver - 2024 (forthcoming)
[Replication Codes - Previous ungated version]
Job Polarisation, Labour Market Fluidity and the Flattening of the Phillips Curve, The Economic Journal - Volume 134, Issue 661, July 2024, Pages 2141–2174 - with Riccardo Zago, [Replication Codes - Previous ungated version]
Real Interest Rates and Productivity in Small Open Economies, Journal of International Economics - Volume 142, May 2023, 103746 - with Tommaso Monacelli and Luca Sala
[Online Appendix - Replication Codes]
Employment protection legislation matters for the Phillips Curve, Economics Letters - Volume 220, October 2022, 110883 - with Riccardo Zago
Questioning the Puzzle: Fiscal Policy, Real Exchange Rate and Inflation, Journal of International Economics - Volume 133, November 2021, 103524 - with Laurent Ferrara and Luca Metelli and Filippo Natoli
[(Econbrowser.com, Twitter Thread)]
The euro periphery and imbalances: Is it an Anticipation Story? Review of Economic Dynamics - Volume 40, April 2021, Pages 278-308
[Online Appendix - Replication Codes (Twitter Thread)]
Comment to The Role of Creditor Seniority in Europe’s Sovereign Debt Crisis, Economic Policy, 29 (79), 2014
Working Papers
Not all ECB Monetary Policy Shocks Are Alike. Follow the Yield Curve, with Veronica Gottardo - preliminary draft available upon request
Global Value Chains and the Phillips curve: a Challenge for Monetary Policy, with Anna Florio and Riccardo Zago - preliminary draft available upon request
Can Fiscal Budget-Netural Reforms Stimulate Growth? Model-Based Results, with Matthieu Bussière, Laurent Ferrara and Michel Juillard (July 2019) - Revise and Resubmit @ International Journal of Central Banking (BdF Working Paper 625)
What's News in International Business Cycles (new version coming soon)
Work in Progress
DSM Production, CES preferences and Financial Frictions (in progress), with Delia Mancuso, Francesco Nuzzi and Tommaso Monacelli
Other Publications
The implications of globalisation for the ECB monetary policy strategy. ECB Occasional Paper 263, European Central Bank, issue 263 (2021).
Costs and Consequences of a Trade War: a Structural Analysis, Rue de la Banque, Banque de France, issue 72 (2018). Summary published in Voxeu, BdF Blog, Reuters, FT, Les Echos and Bloomberg
What Caused Current Account Imbalances in Euro Area Periphery countries?, Rue de la Banque, Banque de France, issue 31 (2016).
10 Anni di Moneta Unica in Europa, Osservatorio Monetario 3/2011 – Laboratory of Monetary Analysis, Chapters 1&2 (Italian), Università Cattolica del Sacro Cuore, Milan
Central Bank Independence, Accountability and Transparency: A Global Perspective, by Arnone, Laurens and Segalotto. Contribution to Chapter 5. IMF Series, Palgrave MacMillan, London, 2009
- - - - - - - - - - - - - - - - - - - -
Paper Discussions (Presentations and data)
Discussion of On the Decentralized Implementation of Lockdown Policies by Davide Bosco and Luca Portoghese - POLIMI Mindset Seminar Series - Politecnico di Milano, 26 Settembre 2022
Discussion of Regional Effects of Trade Policy Uncertainty by Celine Poilly and Fabien Tripier - DEcision Making under Uncertainty Workshop, 19 May 2022
Discussion of Estimating Hysteresis Effects by Francesco Furlanetto, Antoine Lepetit, Orjan Robstad, Juan Rubio-Ramrez, Pal Ulvedal - 20th WORKSHOP Macroeconomic Dynamics: Theory and Applications, Catholic University, Milano, 21 December 2021
Discussion of How does international capital flow? by Michael Kumhof, Andrej Sokol and Phurichai Rungcharoenkitkul - ESCB Research Cluster 2 - Danmarks Nationalbank, 18 November 2021
Discussion of Public boost and private drag: government policy and the equilibrium real interest rate in advanced economies by Lukasz Rachel and Lawrene H. Summers - 4th BoE - BdF Workshop, Banque of England, London, 7 December 2018
Discussion of Nobody Wins: Protectionism and (Un)employment in a Model-Based Analysis by P. Jacquinot, M. Lozej and M. Pisani - ESCB Cluster 2 - Banque de France, Paris, 8 November 2018
Discussion of Inclusive Banking, Financial Regulation and Bank Performance: Cross-Country Evidence by M. Mostak Ahamed, Shirley J. Ho, Sushanta Mallick, and Roman Matousek - 22nd International Conference on Macroeconomic Analysis and International Finance, Rethymno, 24-26 May 2018
Discussion of International Credit Supply Shocks by Ambrogio Cesa-Bianchi, Andrea Ferrero and Alessandro Rebucci - 16th WORKSHOP Macroeconomic Dynamics: Theory and Applications, Catholic University, Milano, 21 December 2017
Discussion of What Determines Financial Development? Bayesian Model Averaging Evidence by Roman Horvath, Eva Horvatova, and Maria Siranova - 21st International Conference on Macroeconomic Analysis and International Finance, Rethymno, 26 May 2018
Discussion of Taste for Variety in a Two-Country Model by Antoine Le Riche, Teresa Lloyd-Braga and Leonor Modesto - T2M 2017, Catolica Lisbon School of Business and Economics, Lisbon, 16 March 2017
Discussion of Asset Bubbles and Global Imbalances by Daisuke Ikeda and Toan Phan - 2nd BoE - BdF Workshop, Banque of England, London, 25 November 2016
Discussion of Business Cycles in Commodity Economies by Drago Bergholt and Vegard H. Larsen - 1st Norges Bank - Banque de France Workshop, Banque de France, Paris, 22 April 2016
Discussion of External Imbalances, Gross Capital Flows and Sovereign Debt Crises by Sergio de Ferra - 14th WORKSHOP Macroeconomic Dynamics: Theory and Applications, Bocconi University, Milano, 21 December 2015
Discussion of The Distributional Consequences of Large Devaluations by Javier Cravino and Andrei A. Levchenko - Workshop on Recent Developments in Exchange Rate Economics, Banque de France, Paris, 29 June 2015
Discussion of Macroeconomic Volatility and External Imbalances by Alessandra Fogli e Fabrizio Perri - 12th WORKSHOP Macroeconomic Dynamics: Theory and Applications, Johns Hopkins University SAIS Europe, Bologna, 20 December 2013 - data used
Discussion of The role of creditor seniority in Europe’s sovereign debt crisis by Sven Steinkamp and Frank Westermann - 58th Economic Policy Panel – Bank of Lithuania, Vilnius, 25-26 October 2013 - data used