Hi there!
I am a DPhil (PhD) candidate in Economics at the University of Oxford, under the supervision of Professor Andrea Ferrero and Professor Francesco Zanetti.
I am also a Senior Economist in the International Directorate at the Bank of England and a member of the Centre for Macroeconomics. Over my 10 years at the Bank and prior to joining my current research team, I worked on trade-related issues and forecasting in the Monetary Analysis Directorate. I was also previously the advisor to MPC member Professor Jonathan Haskel.
I am a researcher working at the intersection of international macroeconomics, finance and trade. Through a mix of empirical methods and modelling, my research combines microeconomic data and granular insights to shed light on pressing macroeconomic questions, such as issues in geoeconomics, trade fragmentation and monetary policy.
Research interests
Macroeconomics & Finance, International Economics, International Trade
I am on the 2025/2026 Job Market!
News
[May 2026] Sanctions and Currencies in Global Credit accepted at the RFS-GCAP-GSB Conference at Stanford.
[March 2026] Presentation of Greenback? Sustainable Investing and the International Transmission of Monetary Policy at the The Third International Conference on the Climate-Macro-Finance Interface at Leibniz Institute for Financial Research SAFE.
[February 2026] Presentation of Sanctions and Currencies in Global Credit at 18ᵗʰ FIW-Research Conference “International Economics” at WU Vienna.
[January 2026] Bank Underground post Monitoring trade prices in the wake of trade tensions with Thomas Prayer.
[January 2026] Presentation of Sanctions and Currencies in Global Credit at workshop on Geopolitical Tensions and Global Capital Flows at the Faculty of Economics and Business - University of Groningen.
[January 2026] Presentation of Sanctions and Currencies in Global Credit at 2026 ASSA AEA Poster Session.
[September 2025] Presentation of "Deep Integration and Trade: UK Firms in the Wake of Brexit" at European Trade Study Group (ETSG) in Milan.
[August 2025] Presentation of “The international spillovers of corporate bonds purchases” at the CEBRA at the Boston Fed/Harvard Business School by co-author.
Contact
marco [dot] garofalo [at] economics [dot] ox [dot] ac [dot] uk
marco [dot] garofalo [at] bankofengland [dot] co [dot] uk
Web
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