Economic advisor at Banca d'Italia. Previously: economist at the European Central Bank. I earned the PhD degree at the Stockholm School of Economics in August 2019.
My research interests are in the fields of monetary and international macroeconomics.
In my work I study the macroeconomic effects of demographic change with particular focus on interest rates, relative prices, capital flows and the conduct of monetary policy. Other work focuses on structural transformation; goods and services tradability; amendments to the New-Keynesian framework (solutions to the forward guidance puzzle, how to incorporate demographics, search and matching frictions). I have recently contributed to the development of "epi-macro" models (cf. www.epi-mmb.com) to understand the macroeconomic side of epidemics.
I have contributed to the debate on the governance of the European Economic and Monetary Union with research projects on the Target2 payment system.
UPDATES:
July 2023: "Approaching the terminal rate and the way forward: a model-based analysis", Bank of Italy Occasional Papers, No. 791, with A. Bartocci, A. Cantelmo, M. Cecioni, C. Hoynck, A. Notarpietro.
Dec 2022: "The Macroeconomics of Age-Varying Epidemics", European Economic Review, 151, 104346, with M. Giagheddu
Sep 2022: "On the anchoring of inflation expectations in the euro area", Bank of Italy Occasional Papers No. 712, with G. Bulligan, S. Cecchetti, F. Corsello, S. Neri, M. Riggi, C. Rondinelli and A. Tagliabracci
July 2022: new model comparison platform for epidemic macro models: www.epi-mmb.com, featuring Giagheddu-Papetti (2023)
Nov 2021: "Population aging and the persistence of three key global trends", SUERF Policy Brief No 225.
Nov 2021: "Demographics and the Natural Real Interest Rate: historical and projected paths for the euro area", JEDC, 132, 104209. Earlier version: Bank of Italy Working Papers, No 1306/November 2020
April 2021: "Population Aging, Relative Prices and Capital Flows across the Globe", Bank of Italy Working Papers, No 1333
November 2020: "The Macroeconomics of Age-Varying Epidemics" (with Marta Giagheddu), CEPR Covid Economics 58, 19 November 2020: 22-56, longer version
April-June 2020: “Covid-19 and Economic Analysis: a Review of the Debate”, Issue 1, 2, 3 with G. Caracciolo, F. Cingano, V. Ercolani, G. Ferrero, F. Hassan, and P. Tommasino
Mar 2020: "Demographics and Inflation in the Euro Area: a Two-Sector New Keynesian Perspective", ECB Working Paper Series, No 2382 / March 2020 (with E. Lis and C. Nickel)
Jan 2020 (rev. Dec 2020) : "Demographics and the Real Exchange Rate" (with M. Giagheddu)
Dec 2018: "The Natural Rate of Interest" ECB occasional paper (my contribution with the Working Group on Econometric Modelling).