Francesco Grigoli

Welcome to my website. I am an Associate Professor of Economics at the Edmund A. Walsh School of Foreign Service at Georgetown University in Qatar and an affiliate of the Department of Economics at Georgetown University in Washington, DC. My research interests are in macroeconomics and international economics. 

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

Keep Calm and Bank on: Panic-Driven Bank Runs and the Role of Public Communication with D. Sandri, Y. Gorodnichenko, and O. Coibion, accepted at Journal of Financial Economics, 2026 [VoxEU] [ProMarket]

Beyond Costs: The Dominant Role of Strategic Complementarities in Pricing, with E. Albagli, E. Luttini, D. Quevedo, and M. Rojas, accepted at Journal of Monetary Economics, 2026

Low for (Very) Long: A Long-Run Perspective on r* across Advanced Economies with A. Checo, J. Platzer, and R. Tietz, accepted at IMF Economic Review, 2026

Monetary Policy and Credit Card Spending with D. Sandri, European Economic Review, Vol. 185, 2026 [VoxEU]

Worker Mobility in Production Networks with M. Cardoza, N. Pierri, and C. Ruane, Review of Economic Studies, Vol. 92, No. 6, pp. 3682-3703, 2025 [VoxDev]

Inflation Expectations and the Supply Chain with E. Albagli and E. Luttini, IMF Economic Review, Vol. 73, pp. 819-850, 2025 [IMF Research Perspectives] [Vox LACEA] 

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, and B. Gruss, Journal of International Economics, Vol. 132, 2021 [IMF Blog]

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

Intangible Input Complementarities Along Supply Chains with Nicola Pierri and Marvin Cardoza, IMF Working Paper 26/208

Production Networks and the (Asymmetric) Transmission of Monetary Policy, IMF Working Paper 26/127

Monetary Policy According to Households: Perceptions, Reactions, and Channels with D. Sandri, Y. Gorodnichenko, and O. Coibion, NBER Working Paper 35127; CEPR Discussion Paper 21408; IZA Discussion Paper 18591; BIS Working Paper 1354 [EMPCT] [VoxEU] [SUERF]

Emerging Market Resilience: Good Luck or Good Policies? with M. Bolhuis, M. Kolasa, R. Meeks, A. Presbitero, and Z. Zhang, CEPR Discussion Paper 20857; IMF Working Paper 25/256 [VoxEU]; invited submission to Economic Policy

Monetary Policy Transmission in Emerging Markets: Proverbial Concerns, Novel Evidence, with A. Checo and D. Sandri, CEPR Discussion Paper 18954; BIS Working Paper 1170, IMF Working Paper 24/93 [VoxEU] [SUERF]; R&R at Journal of the European Economic Association