PRIN 2022: INFLUENCES

The project on "INFLation: caUsEs, coNsequenCES, and policy implications" (acronym: INFLUENCES, lead: Efrem Castelnuovo) aims to identify the drivers of inflation and real activity and understand how macroeconomic policies such as monetary and fiscal interventions affect them. This project, which received financial support from the Italian Ministry of Education, Universities, and Research (PRIN 2022, grant 2022A9PAT3), features the collaboration of the University of Padova and the Politecnico di Milano (co-lead: Anna Florio). 

The PRIN 2022 project has financed the following scientific endeavors of researchers based at the University of Padova:

• Andreasen, M., G. Caggiano, E. Castelnuovo, and G. Pellegrino 2024, Does Risk Matter More in Recessions than in Expansions? Implications for Monetary Policy, Journal of Monetary Economics, 143, 103533.

• Castelnuovo, E., G. Pellegrino, and L. Ladegård Særkjær, 2024, Uncertainty and the Business Cycle When Inflation is High, work in progress. 

• Castelnuovo, E., A. Margaris, and G. Martorana, 2024, Dancing with the R-star: Information Shocks and the Investment Channel, in progress.  

• Margaris, A., 2024, Monetary policy and house price heterogeneity: Evidence from the U.K., mimeo. 

• Boeck, M., and L. Mori, 2024, Has Globalization Changed the International Transmission of U.S. Monetary Policy, mimeo. 

• Castelnuovo, E., L. Mori, and G. Peersman, 2024, Commodity Prices and Global Cycles: Monetary Policy Matters, work in progress. 

• Castelnuovo, E., G. Pellegrino, and G. Ranzato, 2024, Delayed Overshooting Puzzle: Does Systematic Monetary Policy Matter?, mimeo. Piece on SUERF here. 

• Castelnuovo, E., and L. Mori, 2024, Uncertainty, Skewness, and the Business Cycle Through the MIDAS Lens, submitted. 

• Krogh, M.S., and G. Pellegrino, 2024, Real Activity and Uncertainty Shocks: The Long and the Short of It, Marco Fanno Working Paper No. 310. 

• Granziera, E., J. Piccolo, and A. Russo, 2024, Microeconomic Anatomy of Macroeconomic Expectations, in progress.

• Caggiano, G., E. Castelnuovo, L. Mori, and G. Pellegrino, 2024, The Dismal Cross: Public Debt and Productivity in Italy during the Great Recession, in progress.