Research

 Working papers 

Albrizio S., Dizioli, A., Simon, P., 2023. Mining the gap: Extracting firms' inflation expectations from earnings calls, IMF Working papers 2023/202.

Albrizio, S., Bluedorn, J.C., Koch, C., Pescatori, A. and Stuermer, M., 2022. Market Size and Supply Disruptions: Sharing the Pain from a Potential Russian Gas Shut-off to the EU. IMF Working Papers, 2022(143). Presented at the ASSA 2023. Financial Times, Financial Times 2, FT Editorial by Martin Wolf, Reuters, Bloomberg, The Guardian, Die Welt, Wall Street Journal 

Albrizio, S., L. Molina, I. Kataryniuk. ECB Euro Liquidity Lines, IMF working paper n.2023/096 . VOX EU article, SUERF article, BdE Research Features.  Supplementary material: Timeline ECB liquidity announcements. Latest version (including modelling exercise): December 2023.

Albrizio, S., B. González and D. Khametshin. A Tale of Two Margins:  Monetary Policy and Capital Misallocation in Spain, January 2023.

González, B., G. Nuño, D.  Thaler, S.  Albrizio. Optimal Monetary Policy with Heterogeneous Firms, June 2021, BdE Research Features

Albrizio, S., M. Conesa, D. Dlugosch and C.Timiliotis, (2018) Monetary Policy and Productivity: Evidence on the Risk Seeking Channel from US High-Yield Corporate Bond Market, OECD Productivity Working Paper January 2019 No. 17

Albrizio, S., and G.Nicoletti, (2016) Boosting productivity: a framework for analysis and a checklist for policy, background paper OECD GFP annual conference 2016. 

Albrizio, S., D. Andrews and A. Saia, (2015) Productivity Spillovers from the Global Frontier and Public Policy: Industry-Level Evidence, OECD Economics Department Working Papers, No. 1238, OECD Publishing, Paris

Albrizio, S., and S. Lamp, (2015) Fiscal consolidation and firm investment: evidence from the German manufacturing industry, EUI working paper ECO 2014/10. 

Albrizio, S., E. Botta, T. Koźluk and V. Zipperer, (2014) Do Environmental Policies Matter for Productivity Growth? Insightsfrom new Cross-Country, OECD Economics Department Working Papers n.1176, OECD Publishing 

Albrizio, S., (2014) Does Internationalization Pay Off When Environmental Policy Tightens?, PhD Chapter 

Albrizio, S. and H. Costa, (2012) Policy Uncertainty and Investment in Low-Carbon Technologies, EUI working paper (ECO 2012/27). 

 Publications 

Albrizio, S., S. Choi, D. Furceri and C.Yoon, International Bank Lending Channel of Monetary Policy, Journal of International Money and Finance, 2019 

Albrizio, S., T. Koźluk and V. Zipperer, (2017) Environmental policies and productivity growth: Evidence across industries and firms, Journal of Environmental Economics and Management, Volume 81, Pages 209-226, ISSN 0095-0696 

Policy Publications and Columns 

Albrizio, S. and J. Bluedorn, (2023) How Managing Inflation Expectations Can Help Economies Achieve a Softer Landing, IMF Blog. 

WEO Chapter 2 Oct 2023 (co-leader): Managing Expectations: Inflation and Monetary Policy.

WEO Chapter 2 Oct 2022 (contributor): Wage Dynamics Post–COVID-19 and Wage-Price Spiral Risks.

WEO Chapter 2 April 2022 (contributor):  Private Debt and the Global Recovery.

Albrizio, S. and F.Geli (2021) An empirical analysis of the determinants that can boost next generation EU´s effectiveness, Economic Bulletin, 2021, issue 4/2021, No 36.

Albrizio, S., L.Cuadro, M.Roth, (2018) The recent fiscal measures in the United States, Box n.2, Economic Bulletin, Banco de España. 

Albrizio, S., J.C. Berganza and I.Kataryniuk, (2017) Federal unemployment insurance in the United States, Economic Bulletin, Banco de España. 

Green Tape: Environmental regulations may not cost as much as governments and businesses fear (3rd January 2015), The Economist 

Albrizio, S., (2007) Measuring Investors’ Risk Appetite, Special Feature D, Financial Stability Review, European Central Bank. 

 Old/On hold work

Albrizio, S., A. Buesa, M. Roth, and F. Viani. The Real Effect of Trade Uncertainty.

Albrizio, S., J. Estefania and D.Furceri, Non-linear Macro and Distributional Effects of US Monetary Policy.

Albrizio, S. and S. Lamp, Fiscal foresight and firm investment decision.