Research

Research Interests: Banking & Stress Testing, (Bayesian) Econometrics, Big data, Central banking, Machine-learning, Macroeconomics, Portfolio Management. Google Scholar profile.

Published papers:

• "The implications of globalisation for the ECB monetary policy strategy" (workstream on globalisation in the context of the ECB’s monetary policy strategy review) European Central Bank, Occasional Paper Series (2021).

• "Understanding low inflation in the euro area from 2013 to 2019: cyclical and structural drivers" (jointly produced by ECB staff in the context of the ECB’s monetary policy strategy review) European Central Bank, Occasional Paper Series (2021).

• "Banking euro area stress test model" (with Budnik, K. B., I. Dimitrov, J. Groß, M. Kleemann, T. Reichenbachas, F. Sanna, A. Sarychev, N. Siņenko, M. Volk ) European Central Bank, Working Paper Series (2020).

• “Fundamental Indexation Revisited: New Evidence on Alpha” (with Chris Brooks and Konstantina Kappou) International Review of Financial Analysis, 51 (May 2017): 1–15.

Working papers & Work in progress:

• "Limited Liability, Bargaining Power and Strategic Default in Mortgage Contracts" (with Carolina Lopez-Quiles) European Central Bank, Working Paper Series (2021).

• "Inflation volatility in small and large advanced open economies" European Central Bank, Working Paper Series (2020).

• "Did Quantitative Easing Only Inflate Stock Prices? Macroeconomic Evidence from the US and UK"(Presented at the Quantitative Finance Seminar at Northwestern University, Chicago; IAAE 2017, Sapporo; EFMA 2017, Athens.

• "The International Dimension of Unconventional Monetary Policies".

Selected policy work:

• "Supply chain disruptions and the effects on the global economy" (with Maria Grazia Attinasi, Michele Mancini and Luca Metelli). European Central Bank, Economic Bulletin Issue 8 (2021).

• "Globalisation and inflation: Insights from the ECB strategy review" (with Juan Carluccio, Francesco Chiacchio, Nuno Coimbra, Susana Parraga, Daniele Siena, Sebastian Stumpner, Fabrizio Venditti, Tina Žumer). VoxEU.org (2021).

• "Globalisation and its implications for inflation in advanced economies" (with Maria Grazia Attinasi). European Central Bank, Economic Bulletin Issue 4 (2021).

• "A revised weighting scheme for the international environment projections" (with Philipp Hanheide). European Central Bank, Economic Bulletin Boxes, vol. 7 (2020).

• "Macroprudential stress test of the euro area banking system" (with Budnik, K. B., Covi, G., Dimitrov, I., Groß, J., Hansen, I., ... & Siņenko, N.) European Central Bank, Occasional Paper Series (2019).