My Research
My Research
The opinions and views expressed here are mine and should not be considered as official position of the European Stability Mechanism (ESM). Therefore, the ESM is not responsible for the comments published in this website.
2023 The COVID crisis on both sides of the Atlantic (with P. Pfeiffer, M. Ratto and L. Vogel), European Economic Review, 158, 104556.
2022 The Euro Area's pandemic recession: A DSGE-based interpretation (with O. Croitorov, M. Giovannini, P. Pfeiffer, M. Ratto and L. Vogel), Journal of Economic Dynamics and Control, 143. Media coverage.
2022 Domestic versus foreign drivers of trade (im)balances: How robust is evidence from estimated DSGE models? (with S. Hohberger, P. Pfeiffer and L. Vogel), Journal of International Money and Finance, Volume 121, 102518.
2020 The Optimal Policy Mix Public to achieve Public Debt Consolidation (with L. Menna and P. Tirelli), Macroeconomic Dynamics, 24(1): 113-129.
2019 Forecasting with Instabilities: an Application to DSGE Models (with A. Paccagnini and S. Villa), Journal of Macroeconomics, 61: 103-133. WP version
2019 Comparing post-crisis dynamics across Euro Area countries with the Global Multi-country model (with A. Albonico, L. Calès, O. Croitorov, F. Ferroni, M. Giovannini, S. Hohberger, B. Pataracchia, F. Pericoli, R. Raciboski, M. Ratto, W. Roeger, L. Vogel), Economic Modelling, 81: 242-273. WP version - Link to the replication code
2016 Dealing with Financial Instability under a DSGE model approach with Banking Intermediation: a forecastability analysis versus TVP-VARs (with S. Bekiros, A. Paccagnini and S. Villa), Journal of Financial Stability, 26: 216-227. WP version
2013 Monetary Policy and Asset Prices with Belief-Driven Fluctuations (with M. Airaudo and K. Lansing), Journal of Economic Dynamics and Control, 37(8): 1453 - 1478.
The COVID crisis on both sides of the Atlantic (with P. Pfeiffer, M. Ratto and L. Vogel), European Economy Discussion Paper 191, 2023. ISBN 978-92-68-01751-7, doi:10.2765/515332
The Euro Area's pandemic recession: A DSGE-based interpretation (with O. Croitorov, M. Giovannini, P. Pfeiffer, M. Ratto and L. Vogel), European Economy Discussion Paper No 153, European Commission, 2021. ISBN 978-92-76-38754-1, doi:10.2765/406822. Alternative JRC Working Paper No.2021/10 available here.
Domestic versus foreign drivers of trade (im)balances: How robust is evidence from estimated DSGE models? (with S. Hohberger, P. Pfeiffer and L. Vogel), JRC Working Paper No.2020/05 , European Commission, 2020. ISBN 978-92-76-19936-6 (online), doi:10.2760/117627. Alternative WP available also here.
Forecasting with Instabilities: an Application to DSGE Models (with A. Paccagnini and S. Villa) , Temi di discussione della Banca d'Italia N. 1234, 2019.
The Global Multi-country Model (GM): an estimated DSGE model for Euro Area countries (with A. Albonico, L. Calès, O. Croitorov, F. Di Dio, F. Ferroni, M. Giovannini, S. Hohberger, B. Pataracchia, F. Pericoli, P. Pfeiffer, R. Rackiborski, M. Ratto, W. Roeger, L. Vogel), ECFIN Discussion Paper No. 102 , European Commission, 2019.
The Optimal Policy Mix Public to achieve Public Debt Consolidation (with L. Menna and P. Tirelli), DEMS Working Paper No. 356, University of Milano-Bicocca, Department of Economics.
Debunking the Myth of Southern Profligacy. A DSGE Analysis of Business Cycles in the EMU's Big Four (with A. Albonico and P. Tirelli) DEMS, Working Paper No. 373, University of Milano-Bicocca, Department of Economics. - Under revision
Optimal Public Debt Consolidation with distributional conflicts (with L. Menna and P. Tirelli), DEMS Working Paper No. 350, University of Milano-Bicocca, Department of Economics. Media Coverage
Stabilizing the interest rate rule
Optimal Monetary Policy with Wealth Effect and Cost Channel, Ecofin Discussion Paper, Università degli Studi di Parma, 2010
Learning and Monetary Policy: Heterogenous Agents and Asset Prices, Ecofin Discussion Paper, Università degli Studi di Parma, 2010
The Macroeconomic and Sectoral Impact of EU Competition Policy (with F. Ilzkovitz, M. Cai, A. Dierx and F. Pericoli), Ch. 13, in "Ex Post Economic Evaluation of Competition Policy. The EU Experience", edited by F. Ilzkovitz and A. Dierx, published by Kluwer Law International B.V., 2020, ISBN: 9789403512945.
Inequality in a New-Keynesian DSGE Model (with J. Le Blanc and L. Onorante)
Business Cycle and Environmental Policy in a DSGE Model with Heterogeneous Firms (with F. Di Dio and B. Pataracchia)