A Fisher-consistent measure of real interest rates from inflation fixing swaps
Economics Letters, forthcoming
with Lara D'Arrigo, Alessandro Lin, and Andrea Tiseno
Related to our earlier Banca d'Italia Occasional Paper "Real interest rates and the ECB's monetary policy stance"
The market stabilization role of central bank asset purchases: High-frequency evidence from the COVID-19 crisis
Journal of International Money and Finance, Vol. 152, 103257, March 2025
with Annalisa De Nicola
Out of the ELB: Expected ECB policy rates and the Taylor rule
Economics Letters, Vol. 235, 111546, February 2024
with Alessandro Lin
Corporate leverage and monetary policy effectiveness in the euro area
European Economic Review, Vol. 140, 103943, November 2021
with Simone Auer and Martina Cecioni
Private and public debt interlinkages in bad times
Journal of International Money and Finance, Vol. 109, 102239, December 2020
with Lorenzo Forni
Related to our earlier IMF Working Paper "Private and public debt: Are emerging markets at risk?"
Heterogeneous government spending multipliers in the era surrounding the Great Recession
Review of Economics and Statistics, Vol. 102 (2), pp. 304-322, May 2020
with Selien De Schryder and Gert Peersman
Private debt overhang and the government spending multiplier: Evidence for the United States
Journal of Applied Econometrics, Vol. 33 (4), pp. 485-508, June/July 2018
with Gert Peersman
What drives policy rate expectations? Evidence from the post-pandemic monetary policy cycle
Banca d'Italia Working Papers, No. 1500, October 2025 (Rej&R at European Economic Review)
with Luca Baldo
Announcement and implementation effects of central bank asset purchases
Banca d'Italia Working Papers, No. 1435, December 2023 (Rej&R at Journal of Applied Econometrics)
with Antonio M. Conti
Related to our earlier Banca d'Italia Covid-19 Note "Assessing the flexible implementation of the ECB's pandemic asset purchases"
Report on monetary policy tools, strategy and communication
ECB Occasional Papers, No. 372, June 2025
with several coauthors
Central bank asset purchases in response to the Covid-19 crisis
CGFS Papers, No. 68, March 2023
with several coauthors
Disclaimer: The views expressed in this website and in my research are my own and do not necessarily reflect those of Banca d'Italia or the Eurosystem.