Francesco Grigoli

Welcome to my website! I am a Senior Economist in the Research Department of the International Monetary Fund.  My fields of interest are macroeconomics and international economics. 

Here are the links to some selected journal publications (find the complete list under the "Research" tab):

Inflation Expectations and the Supply Chain with E. Albagli and E. Luttini, IMF Economic Review, 2025 [IMF Research Perspectives] [Vox LACEA] 

Worker Mobility in Production Networks with M. Cardoza, N. Pierri, and C. Ruane, Review of Economic Studies, 2024 [VoxDev]

Public Debt and Household Inflation Expectations with D. Sandri, Journal of International Economics, Vol. 152, 2024 [VoxEU]

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (more than Capital Controls)?   with K. Bergant, N. J. Hansen, and D. Sandri, Journal of Money, Credit and Banking, Vol. 56, No. 6, 2024 [VoxEU] [SUERF]

Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market with E. Luttini and D. Sandri, Journal of Development Economics, Vol. 160, 2022

Is Inflation Domestic or Global? Evidence from Emerging Markets?  with R. Bems, F. Caselli, and B. Gruss, International Journal of Central Banking, Vol. 18, No. 4, 2022

Expectations' Anchoring and Inflation Persistence with R. Bems, F. Caselli, B. Gruss, and W. Lian, Journal of International Economics, Vol. 32, 2021 [IMF Blog]

And here are the links to some of my most recent working papers:

Beyond Costs: The Dominant Role of Strategic Complementarities in Pricing, with E. Albagli, E. Luttini, D. Quevedo, and M. Rojas, IMF Working Paper 25/164

Monetary Policy Transmission in Emerging Markets: Proverbial Concerns, Novel Evidence, with A. Checo and D. Sandri, CEPR Working Paper 18954; BIS Working Paper 1170, IMF Working Paper 24/93 [VoxEU] [SUERF]

Keep Calm and Bank on: Panic-Driven Bank Runs and the Role of Public Communication with D. Sandri, Y. Gorodnichenko, and O. Coibion, NBER Working Paper 31644; CEPR Working Paper 18448; BIS Working Paper 1119 [VoxEU] [ProMarket]

Low for (Very) Long: A Long-Run Perspective on r* across Advanced Economies with J. Platzer and R. Tietz, IMF Working Paper 23/85

Monetary Policy and Credit Card Spending with D. Sandri, IMF Working Paper 22/255; CEPR Discussion Paper 17751; BIS Working Paper 1064 [VoxEU]