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MD
MD
Writing
Key Publications
All Publications
Work in Progress
Permanent WPs
The Book
Data
Disasters
Teaching
MD
MD
Writing
Key Publications
All Publications
Work in Progress
Permanent WPs
The Book
Data
Disasters
Teaching
More
MD
Writing
Key Publications
All Publications
Work in Progress
Permanent WPs
The Book
Data
Disasters
Teaching
All Publications (
≈
by field)
BEHAVIORAL FINANCE
[
Behavioral Asset Pricing; Market Anomalies; Herding Behavior; Market Sentiment, Uncertainty & News; News-based
Investment
Strategies
]
"
Weapons and Wealth: Market Reaction to Europe’s Defense Push
" (with N. Comincioli and M. Rizzati).
Economics Letters,
2025,
255,
12538.
"
Who’s Googling Trump’s Tariffs—And Why That Matters
" (with
L
.
Gerotto
).
Economics Letters
, 2025, 255, 112513.
Media coverage: (
lavoce.info
,
PODCAST
)
"
European Post-COVID-19 Green Policy Announcements and Sectoral Stock Returns
" (with S. Borghesi, M. Castellini, N. Comincioli, I. Gufler and S. Vergalli).
Energy Policy
, 2022, 113004.
"
Strictness and Variability in COVID-19 Government Policy Response: A Macro-Regional Assessment
" (with I. Gufler, M. Lucchetta and R. Kizys).
Journal of Government and Economics
, 2022,
6, 100039.
"
Global Risks, the Macroeconomy, and Asset Prices
" (with M. Costola, L. Gerotto and I. Gufler).
Empirical Economics
, 2022, 63, 2357–2388.
"
From COVID-19 herd immunity to investor herding in international stock markets: The role of government and regulatory restrictions
" (with R. Kizys and P. Tzouvanas).
International Review of Financial Analysis,
2021, 74, 101663. Media coverage: (
MIRAGE
) (
PHYS.ORG
)
"
The Macro and Asset Pricing Implications of Rising Italian Uncertainty: Evidence from a Novel News-Based Macroeconomic Policy Uncertainty Index
" (with I. Gufler and P. Pelizzari).
Economics Letters
, 2020, 197, 109606. Media coverage
: (
cfNEWS
) (
TAB-MAGAZINE
) (
CUORE-ECONOMICO
) (
WeWealth
) :)
"
Sex and "the City": Financial Stress and Online Pornography Consumption
" (with M. Lalanne).
Journal of Behavioral and Experimental Finance
, 2020, 27, 100379.
"
Immigration, Uncertainty and Macroeconomic Dynamics
" (with L. Gerotto, M. Lucchetta and D. Arzu).
The World Economy,
2020, 43(2), 326-354
.
Media coverage
: (
cfNEWS
)
"
Non-Macro-Based Google Searches, Uncertainty, and Real Economic Activity
" (with L. Gerotto).
Research in International Business and Finance
, 2019, 48, 111-142
.
"
Dangerous Infectious Diseases: Bad News for Main Street, Good News for Wall Street?
" (with R. Kizys and M. Riedel).
Journal of Financial Markets,
2017
, 35, 84-103.
Media coverage
: (
PHYS.ORG
,
ICT
,
NewsWise
,
ReallyMagazine
,
UoP-News
,
Improbable Research
)
:)
"
Investor Sentiment and Sectoral Stock Returns: Evidence from World Cup Games
" (with G. Curatola, R. Kizys and M. Riedel).
Finance Research Letters
, 2016, 17, 267-274.
"
Google-Search Based Metrics, Policy-Related Uncertainty and Macroeconomic Conditions
".
Applied Economics Letters
,
2015
, 22(10), 801-807.
:)
MACRO-FINANCE
(+ "CLIMATE CHANGE)
[
Climate Shocks, Business Cycles and and Asset Prices;
Fiscal Policy, Innovation and Asset Prices; Labor Market, Growth and Asset Prices]
"
Temperature Variability and the Macroeconomy: A World Tour
" (with M. Jüppner and S. Vergalli).
Environmental and Resource Economics, 2022,
83, 221–259.:)
"
Technology Trade with Asymmetric Tax Regimes and Heterogeneous Labor Markets: Implications for Macro Quantities and Asset Prices
" (with G. Curatola and P. Grüning).
International Journal of Finance and Economics,
2022, 27(4), 3805-3831
.
"
Global Temperature, R&D Expenditure, and Growth
" (with P. Grüning, M. Jüppner and R. Kizys).
Energy Economics,
2021, 105608.
:)
"
Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare
" (with P. Grüning).
North American Journal of Economics and Finance,
2021,
57, 101430.
"
Computing Macro-Effects and Welfare Costs of Temperature Volatility: A Structural Approach
" (with M. Jüppner, A. Paradiso and C. Schlag).
Computational Economics,
2021, 58, 347-394. Media coverage: (
KlementOnInvesting
)
"
Tornado Activity, House Prices, and Stock Returns
" (with M. Ghisletti, M. Jüppner, A. Paradiso).
North American Journal of Economics and Finance,
2020, 52,
101162
.
"
Temperature Shocks and Welfare Costs
" (with M. Jüppner, M. Riedel and C. Schlag).
Journal of Economic Dynamics and Control,
2017, 82, 331-355
.
(
APX
) :)
"
Labor Market Dynamics, Endogenous Growth, and Asset Prices
" (with P. Grüning).
Economics Letters
, 2016, 143, 32-37.
"
International Capital Markets Structure, Preferences and Puzzles: A US-China World
" (with G. M. Caporale and A. Varani).
Journal of International Financial Markets, Institutions & Money
, 2015, 36, 85-99.
"
Matching the BRIC ERP: A Structural Approach
" (with G. Curatola and P. Grüning).
Emerging Markets Review
, 2015, 22, 65-75.
"
Does Financial Integration Affect Real Exchange Rate Volatility and Cross-Country Equity Market Returns Correlation?
" (with A. Paradiso).
North American Journal of Economics and Finance
, 2014, 28, 206-220.
INTERNATIONAL FINANCE
[
Financial and Economic Integration, Capital Controls and
Risk Sharing
, Emerging Markets Finance,
Global
Equity Risk Premia
]
"
Economic and financial integration, capital controls, and risk sharing
" (with I. Gufler).
Economica
, 2024, 91(364), 1482-1520.
"
Financial Market Integration: A Complex and Controversial Journey
" (with A. Paradiso and I. Gufler).
International Review of Financial Analysis,
2024, 92, 103100.
"
Consumption Smoothing, Risk Sharing, and Financial Integration
" (with I. Gufler).
The World Economy,
2021, 44(1), 143-187
.
"
Which Market Integration Measure?
" (with M. Billio, A. Paradiso and M. Riedel).
Journal of Banking & Finance,
2017, 76, 150-174
.
:)
"
Asian Stock Markets, US Economic Policy Uncertainty and US Macro-Shocks
".
New Zealand Economic Papers
, 2015, 49(2), 103-133.
"
Is There Heterogeneity in Financial Integration Dynamics? Evidence from Country and Industry Emerging Market Equity Indexes
" (with A. Paradiso).
Journal of International Financial Markets, Institutions & Money
, 2014, 32, 184-218.
"
Understanding Emerging Market Equity Risk Premia: Industries, Governance, and Macroeconomic Policy Uncertainty
" (with L. Persha).
Research in International Business and Finance
, 2014, 30(1), 284-309.
APPLIED MACROECONOMICS
[
Growth and Development, Empirical Determinants of Long-Run Economic Growth, Business Cycles and Output Dynamics
]
"Economic Impacts of Pandemics and Wars in Pre-Modern Western Europe: A Supply-Side Perspective" (with
A. Paradiso). R&R @
Journal of Evolutionary
Economi
cs
"
Using past epidemics to estimate the macroeconomic implications of COVID-19: A bad idea!
" (with L. Ferranna, I. Gufler and A. Paradiso).
Structural Change and Economic Dynamics,
2021, 57, 214-224
.
"
On the Role of Domestic and International Financial Cyclical Factors in Driving Growth
" (with M. Billio, A. Paradiso and G. Livieri).
Applied Economics,
2020, 52(11), 1272-1297.
"
Adding Cycles into the Neoclassical Growth Model
" (with G. Livieri and A. Paradiso).
Economic Modelling
,
2019, 78, 162-171
.
"
A Quasi Real-Time Leading Indicator for the EU Industrial Production
" (with A. Paradiso and M. Riedel).
The Manchester School
,
2019, 87(4), 510-542.
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