RESEARCH INTERESTS

My research interests lie at the intersection of macroeconomics, fiscal and monetary policy, and regional development, with a strong empirical and econometric focus. I am particularly interested in how government spending and monetary policy propagate through the economy, how these policies affect inequality and financial fragility, and how regional and sectoral linkages shape the impact of public interventions. Methodologically, I work mainly with time series and panel data models, especially VAR and Proxy-SVAR frameworks, combined with regional and sectoral data.

A core line of my work studies fiscal multipliers and government spending shocks. In one article on Italian local fiscal multipliers, I use a Proxy-SVAR approach to identify exogenous spending shocks and estimate their effects on local output and other macro variables. This paper contributes by combining high-frequency identification with local public finance data, showing how the strength of the multiplier depends on local financial conditions and institutional features. In another paper on government spending multipliers and financial fragility in Italy, I analyse how the state of the financial system conditions the effectiveness of fiscal policy; the results suggest that fiscal expansions have different impacts depending on whether financial conditions are stable or fragile, with important implications for countercyclical policy design.

A second strand of my research focuses on monetary policy and inequality. In a recent article, I investigate how monetary policy shocks affect the distribution of income and wealth, using macro and distributional indicators to measure the heterogeneous effects across households and regions. The paper contributes both methodologically, by integrating VAR-based identification with inequality measures, and substantively, by providing evidence on how conventional monetary policy can amplify or mitigate existing disparities.

I am also interested in the evaluation of European structural and agricultural policies. In my work on the European Agricultural Fund for Rural Development (EAFRD) and related EU programmes, I estimate the regional impact of these funds on growth and development, paying particular attention to spillovers through trade linkages. These studies show that the benefits of EU spending are not confined to the directly supported regions, but can spread through interregional trade networks, which has clear policy relevance for the design and targeting of cohesion and rural development policies.

Another paper examines government spending shocks in the Visegrad countries, where I explore cross-country differences in fiscal transmission using a multi-country VAR framework. This comparative perspective helps to understand how institutional structures, openness, and financial development shape the effects of policy shocks in emerging European economies.

Overall, my publications form a coherent research agenda centred on the quantitative evaluation of macroeconomic and fiscal policies, combining rigorous econometric techniques with policy-relevant questions. Going forward, I aim to extend this work by integrating micro and administrative data, studying distributional and regional heterogeneity in even greater detail, and linking macroeconomic shocks to labour market outcomes and green transition policies.