Research

PUBLICATIONS

• "Declining r* in the US:  the Role of Social Security"  (with G. Caracciolo)   Journal of Public Economics (forthcoming)

• "Optimal Monetary Policy and Rational Asset Bubbles " (with S. Nisticò),  European Economic Review, 170 (10), 2024. 

• "Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound",  Review of Economic Dynamics, 47, 2023, 186-203. 

• "(Dis)Solving the ZLB Equilibrium Through Income Policies"  (with G.  Ascari),   Journal of Money, Credit and Banking, 54 (2-3), 2022, 519-535. 

WORKING PAPERS

• "Asset Price Bubbles with Low Interest Rates : Not All Bubbles are Likely to Emerge" (with F. Lucidi)  

Previously circulated as "How Low Interest Rates Discern the Bubbles Nature: Leveraged vs Unleveraged Bubble''.