Filippo Occhino

Welcome to my website. I am an Associate Professor at the Coles College of Business of Kennesaw State University. My research interests are in macroeconomics and financial stability.  My recent research has focused on monetary policy, fiscal policy, and the macroeconomic effects of financial distortions. 

CV

Email: focchino@kennesaw.edu, occhinofilippo@gmail.com

Current research

"Macroeconomic Implications of TV News Sentiment about Economic Policy." With Stefano Mazzotta, Melania Nica, and Jaideep Oberoi. Work in progress.

"Tax Reform Options to Improve the Investment Allocation: A Macroeconomic Evaluation." Work in progress.

Journal publications

"Quantitative Easing and Direct Lending in Response to the COVID-19 Crisis." Journal of Money, Credit and Banking, October 2024. 

"The Macroeconomic Effects of the Tax Cuts and Jobs Act." Macroeconomic Dynamics 27(6), 1495-1527, September 2023. 

"The Macroeconomic Effects of Business Tax Cuts with Debt Financing and Accelerated Depreciation." Economic Modelling 125, 106308, August 2023. 

"The 2012 Eurozone Crisis and the ECB's OMT Program: A Debt-Overhang Banking and Sovereign Crisis Interpretation." European Economic Review 100, 337-363, November 2017.

"Debt-Overhang Banking Crises: Detecting and Preventing Systemic Risk." Journal of Financial Stability 30, 192-208, June 2017.

"Debt Overhang in a Business Cycle Model." With Andrea Pescatori. European Economic Review 73, 58-84, January 2015.

"Leverage, Investment, and Optimal Monetary Policy." With Andrea Pescatori. The B.E. Journal of Macroeconomics, Contributions 14(1), 511-531, June 2014.

"Government Debt Dynamics Under Discretion." The B.E. Journal of Macroeconomics, Topics 12(1), Article 19, July 2012.

"Market Segmentation and the Response of the Real Interest Rate to Monetary Policy Shocks." Macroeconomic Dynamics 12(5), 591-618, November 2008.

"The Impact of Monetary Policy on Bond Returns: A Segmented Markets Approach." With Bruce Mizrach. Journal of Economics and Business 60(6), 485-501, November 2008.

"Optimal Fiscal Policy When Migration Is Feasible." The B.E. Journal of Economic Analysis and Policy, Topics 8(1), Article 35, August 2008.

"Bayesian Estimation and Evaluation of the Segmented Markets Friction in Equilibrium Monetary Models." With John Landon-Lane. Journal of Macroeconomics 30(1), 444-461, March 2008.

"How Much Can a Victor Force the Vanquished to Pay? France under the Nazi Boot." With Kim Oosterlinck and Eugene White. Journal of Economic History 68(1), 1-45, March 2008.

"How Occupied France Financed Its Own Exploitation in World War II." With Kim Oosterlinck and Eugene White. The American Economic Review, Papers and Proceedings 97(2), 295-299, May 2007.

"Existence of Equilibrium for Segmented Markets Models with Interest Rate Monetary Policies." The B.E. Journal of Theoretical Economics, Contributions 6(1), Article 11, December 2006.

"Modeling the Response of Money and Interest Rates to Monetary Policy Shocks: A Segmented Markets Approach." Review of Economic Dynamics 7(1), 181-197, January 2004.

Bagwell Center commentary

"What Would Be the Macroeconomic Effects of a Corporate Tax Hike?" Bagwell Center Commentary, January 2023.

Cleveland Fed commentaries

"The Effect of the 2017 Tax Reform on Investment." FRBC Economic Commentary 2020-17, July 2020.

"The Flattening of the Phillips Curve: Policy Implications Depend on the Cause." FRBC Economic Commentary 2019-11, July 2019.

"Are the New Basel III Capital Buffers Countercyclical? Exploring the Option of a Rule-Based Countercyclical Buffer." FRBC Economic Commentary 2018-03, April 2018.

"Central Bank Lending in a Liquidity Crisis." FRBC Economic Commentary 2016-02, April 2016.

"The Overhang of Structures before and since the Great Recession." With Margaret Jacobson. FRBC Economic Commentary 2014-04, March 2014.

"Labor's Declining Share of Income and Rising Inequality." With Margaret Jacobson. FRBC Economic Commentary 2012-13, September 2012.

"Household Balance Sheets and the Recovery." With Timothy Bianco. FRBC Economic Commentary 2011-05, March 2011.

"Is Debt Overhang Causing Firms to Underinvest?"  FRBC Economic Commentary 2010-07, July 2010.