Research

Working Papers

The Macroeconomic Effects of Inflation Expectations: The Distribution Matters
April 2026. With G. Ascari and A. Celani.
Older version: CEPR Discussion Paper No. 18937

The Long-Run Phillips Curve is... a Curve
May 2024. With G. Ascari and Q. Haque. CEPR Discussion Paper No. 19069
Older version: DNB Working Paper No. 789

Publications

Walk on the Wild Side: Temporarily Unstable Paths and Multiplicative Sunspots
With G. Ascari and H. F. Lopes. American Economic Review, 109(5), 1805–42, May 2019. AER page
An earlier version circulated as "Rational Sunspots".

Traditional and New Keynesian Dynamic Models for Potential Output and Inflation Rate
Rivista di Politica Economica, 99(4), 65–88, 2009.
Winner of the Angelo Costa Award for the best Italian undergraduate thesis in Economics.

Work in Progress

• "Time Series Estimation with Partially Observed Shocks", with J. A. Duffy, A. Guarnieri, J. Kabel and S. Mavroeidis.

• "Monetary Policy Transmission in the Presence of Non-Linearities", with Y. Akkaya, A. Allayioti and A. Guarnieri.

• "Uncertainty as a Source of Pessimism", with V. Gavazza.