Paolo Gelain

Research Economist

Federal Reserve Bank of Cleveland

1455 East 6th Street

Cleveland, OH 44114

United States of America



I obtained my PhD from the University of Pisa (Italy) in May 2008 defending a thesis on the monetary policy analysis of the Euro Area using a DSGE model incorporating credit frictions. I previously studied at The University of York (UK) where I got a Master of Science in Economics (with distinction). I was a visiting researcher (June-Sept. 2008 and Feb-April 2009) at the Central Bank of Estonia and I was an intern at the European Central Bank in the period Sept.-Dec. 2008 (Monetary Policy Stance Division) and in the period May-July 2009 (Capital Markets and Financial Structure Division). After that, I spent one year as a May Wong Smith post-doctoral research fellow at the University of St Andrews (UK). From November 2010 I joined the modelling group of Norges Bank as a senior adviser for 7 years (with a year of leave as ESCB/IO economist in the Financial Research Department of the European Central Bank). On February 2018 I joined the Cleveland Fed Research Department.

The views stated herein are those of the author and are not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System.