Alessandro Piergallini's Home Page
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Professor of Economics
(Ordinario di Economia Politica)
Department of Economics and Finance
Tor Vergata University of Rome
E-mail: alessandro.piergallini@uniroma2.it
Mailing Address: Via Columbia 2, 00133 Rome, Italy
Teaching: Macroeconomics (B.Sc.), International Economics (M.Sc.), European Economy and Policies (M.Sc.), Macroeconomics (M.Sc.), Topics in Monetary Policy (Ph.D.).
Current Research:
Corporate Tax Cuts, the Cost of Capital, and Economic Activity
December 2025
Do Governments React to Public Debt Accumulation? A Cross-Country Analysis (with P. Canofari and M. Tedeschi)
September 2025. R&R, International Tax and Public Finance
Recent Publications:
Tightening Monetary Policy and Investment Dynamics in the European Monetary Union: Firm- and Country-Level Heterogeneity (with P. Canofari, M. Cucculelli and M. Renghini)
Journal of Corporate Finance, Vol. 94, September 2025, 102853
Corporate Finance and Interest Rate Policy
Journal of Macroeconomics, Vol. 85, September 2025, 103698
Fiscal Stimulus of Last Resort
Journal of Money, Credit and Banking, Vol. 56, No. 6, September 2024, pp. 1479-1514
Average Inflation Targeting and Macroeconomic Stability
Economics Letters, Vol. 219, October 2022, 110790
Is Fiscal Austerity Really Self-Defeating?
Journal of Public Economic Theory, Vol. 23, No. 6, December 2021, pp. 1228-1260
Evaluating the Sustainability of Italian Public Finances (with M. Postigliola)
North American Journal of Economics and Finance, Vol. 53, July 2020, 101180
Demographic Change and Real House Prices: A General Equilibrium Perspective
Journal of Economics, Vol. 130, No. 1, June 2020, pp. 85-102
Financial Crisis and Sustainability of US Fiscal Deficit: Indicators or Tests? (with P. Canofari and G. Marini)
Journal of Policy Modeling, Vol. 42, No. 1, January-February 2020, pp. 192-204
The Fallacy of Fiscal Discipline (with P. Canofari and G. Piersanti)
Macroeconomic Dynamics, Vol. 24, No. 1, January 2020, pp. 55-68
Nonlinear Policy Behavior, Multiple Equilibria and Debt-Deflation Attractors
Journal of Evolutionary Economics, Vol. 29, No. 2, April 2019, pp. 563-580
Fiscal Policy and Liquidity Traps with Heterogeneous Agents
Economics Letters, Vol. 157, August 2017, pp. 103-106
A Note on Nonlinear Fiscal Regimes and Interest Rate Policy
Macroeconomic Dynamics, Vol. 20, No. 3, April 2016, pp. 832-844.
House Prices and Monetary Policy (with P. Brito and G. Marini)
Studies in Nonlinear Dynamics and Econometrics, Vol. 20, No. 3, June 2016, pp. 251-277
Some Past Research:
Non-Linear Budgetary Policies: Evidence from 150 Years of Italian Public Finance (with M. Postigliola)
Economics Letters, Vol. 121, No. 3, December 2013, pp. 495-498
Budgetary Policies in a DSGE Model with Finite Horizons (with B. Annicchiarico and N. Giammarioli)
Research in Economics, Vol. 66, No. 2, June 2012, pp. 111-130
Wealth Effects, the Taylor Rule, and the Liquidity Trap (with B. Annicchiarico and G. Marini)
International Journal of Economic Theory, Vol. 5, No. 3, September 2009, pp. 315-331
Monetary Policy and Fiscal Rules (with B. Annicchiarico and G. Marini)
The B.E. Journal of Macroeconomics, Vol. 8, Iss. 1, Article 4, 2008, pp. 140
Inflation Bias after the Euro: Evidence from the UK and Italy (with G. Marini and P. Scaramozzino)
Applied Economics, Vol. 39, No. 4, February 2007, pp. 461-470
Population Dynamics and Monetary Policy (with B. Annicchiarico)
Journal of Population Economics, Vol. 19, No. 3, July 2006, pp. 627-641
Real Balance Effects and Monetary Policy
Economic Inquiry, Vol. 44, No. 3, July 2006, pp. 497-511
