Research
Recent Working Papers
US election risks and the impact of Trump’s re-election odds on financial markets (with M. Albori and A. Moro)
[Draft] [Vox EU]
Carbon Taxes Around the World: Cooperation, Strategic Interactions, and Spillovers (with A. Moro)
[Temi di discussione (Bank of Italy Working Papers) (2024), n. 1445]
Foreign Monetary Policy and Domestic Inflation in Emerging Markets (with M. Flaccadoro)
[New version][Temi di discussione (Bank of Italy Working Papers) (2022), n. 1365]
Publications
Will the Green Transition Be Inflationary? Expectations Matter (with A. Ferrari), IMF Economic Review, accepted
[Updated version] [Replication code] [QEF (Bank of Italy Occasional Papers) (2022), n. 686] [ECB Working Papers (2022), n.2726]
Media Coverage: [SUERF] [Cental Banking]
Whatever it Takes to Save the Planet? Central Banks and Unconventional Green Policies (with A. Ferrari)
[Macroeconomic Dynamics, (2024), 28:229-324] [Online Appendix] [Replication code] [ECB Working Papers ] [Bank of Italy Working Papers]
Media Coverage: [Reuters] [Cental Banking] [SUERF] [Sole24ore]
The External Financial Spillovers of CBDCs (with A. Moro)
[Journal of Economic Dynamics and Control (2024), 159-104801] [Replication code] [Bank of Italy Working Papers]
Media Coverage: [SUERF]
Toward a Green Economy: The Role of the Central Bank's Asset Purchases (with A. Ferrari)
[International Journal of Central Banking (2023), 19(5): 287-340][Replication code] [ECB Working Papers] [Bank of Italy Working Papers]
Media Coverage: [SUERF]
The Effectiveness of Capital Controls (with A. Schiavone)
[Open Economies Review (2021), 32:183-211] [Online Appendix] [Bank of Italy Working Papers]
Capital Controls Spillovers
[Journal of International Money and Finance (2020), 109-102238] [Online Appendix] [Replication code] [Bank of Italy Working Papers]
Labor Market and Financial Shocks: a Time-Varying Analysis (with F. Corsello)
[Journal of Money, Credit and Banking (2020), 52(4):777-801] [Online Appendix] [Replication code] [Bank of Italy Working Papers]
Old Working Papers
Capital Controls, Macroprudential Measures and Monetary Policy Interactions in an Emerging Economy
[Temi di discussione (Bank of Italy Working Papers) (2017), n.1154]
Policy Papers
Recent Advances in the Literature on Capital Flow Management (with R. Beck, J.C. Berganza, A. Brüggemann, R. Cezar, C. Eijking, M. Eller, A. Fuentes, J. Graça Alves, L. Kreitz, C. Marsilli, I. Moder, L. Molina Sánchez, A. Naef, B. Scheubel, A. Theofilakou, F. Van Den Hove, G. Wesołowski)
[ECB Occasional Papers (2023), n.317]
The Impact of Restrictions on FDI (with M. Albori, F. Corneli, and A. Schiavone)
[QEF (Bank of Italy Occasional Papers) (2021), n.656]
Capital flows during the pandemic: lessons for a more resilient international financial architecture (with F. Eguren Martin, M. Joy, C. Maurini, A. Moro, A. Schiavone, and C. van Hombeeck)
[QEF (Bank of Italy Occasional Papers) (2020), n.589] [FSP (Bank of England) (2020), n.45]
Work in progress
Fragmentation in the New Keynesian model (with A. Moro)
Non-Econ Publications
Gadoteridol-enhanced MRI of the breast: can contrast agent injection rate impact background parenchymal enhancement? (with F. Marzocca, G. Moffa, G. Panzironi, M. A. Kirchin, F. Pediconi, and F. Galati)
[Acta Radiologica (2021), July]
Discussions
Discussion of Macro and Asset Price Dynamics During the Climate Transition: Evidence from the Oil Sector by M. Donadelli, P. Gruning, and S. Hitzemann - Long-term investors’ trends: theory and practice, Bank of Italy, June 2024
Discussion of Policy interaction and the transition to green technology by G. Benmir and J. Roman - CEBRA 2021 Annual Meeting, MIT (online), July 2021
Discussion of Policy rules for capital controls by G.K. Pasricha - XVI Emerging Markets Workshop, Bank of Italy, November 2018
Discussion of When is foreign exchange intervention effective? Evidence from 33 countries by M. Fratzscher, O. Gloede, L. Menkhoff, L. Sarno and T. Stöhr - ABFER, 6th Annual Conference, Singapore, May 2018