Working Papers

 Working Papers

• Fiscal consolidations: announcements and reality (Roberto Perotti and Luca Sala), submitted.

• Asymmetric transmission of oil supply news (Mario Forni, Alessandro Franconi, Luca Gambetti and Luca Sala), R&R.

• Common components structural VARs (CC-SVAR) (Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala).

• Asymmetric monetary policy tradeoffs (Davide Debortoli, Mario Forni, Luca Gambetti and Luca Sala), submitted.

• Validating DSGE models through dynamic factor models (Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala), R&R.

• The output gap, the labor wedge, and the dynamic behavior of hours (Luca Sala, Ulf Soderstrom and Antonella Trigari), CEPR Discussion Paper No. 8005. September 2010

• The fiscal theory of the price level: identifying restrictions and empirical evidence (Luca Sala)

• Tracking Greenspan: systematic and unsystematic monetary policy revisited (Domenico Giannone, Lucrezia Reichlin and Luca Sala)

• Monetary transmission in the Euro area: a factor model approach (Luca Sala)