2025 - Terranova, R., Cozzarini, C., Reissl, S., and Tavoni, M. (2025), ”Detecting speculation in the market for EU emission allowances”, Energy Economics, 108652, [link ]
2024 - Campiglio, E., Lamperti, F., and Terranova, R. (2024), ”Believe me when I say green! Heterogeneous expectations and climate policy uncertainty”, Journal of Economic Dynamics and Control, 104900, [link ]
2024 - Terranova, R. (2024), "Endogenous beliefs and social influence in a simple macroeconomic framework", Journal of Economic Interaction and Coordination, [link]
2022 - Terranova, R., and Turco, E. M. (2022). Concentration, stagnation and inequality: An agent-based approach. Journal of Economic Behavior & Organization, 193, 569-595. [link ] Awarded with the 2023 William Kapp Prize for best-published paper.
Working Papers
2026 - Terranova, R., Campiglio, E. and Reissl, S. (2026). Policy credibility and speculation in the EU ETS. [link]
2024 - Delli Gatti, D., Terranova, R., Turco, E. (2024). Industrial Policy in Times of Market Power. [link]
2023 - Delli Gatti, D., Terranova, R., and Turco, E. M. (2023) “Mind the Knowledge Gap! The Origins of Declining Business Dynamism in a Macro Agent-Based Model", CESifo Working Paper, 10694. [link]
2021 - Terranova, R. (2021). Does investor sentiment drive M&A? ExSIDE Working Paper Series, 39-2021. [link ]
Work in Progress
"Who owns and controls carbon-intensive production? Ownership and board networks in the world’s most emitting sectors ", coauthored with Francesco Lamperti and Mauro Napoletano
"Negative emissions, positive returns? How financial markets react to carbon removal purchases ", coauthored with Francesco Lamperti and Massimo Tavoni
"The monetary-concentration trap", coauthored with Domenico Delli Gatti, Filippo Gusella, and Enrico Turco
"Transition expectations and policy uncertainty: An experimental approach", coauthored with Emanuele Campiglio, Maria A. Erazo, and Francesco Lamperti
"Navigating electoral cycles and investment dynamics under climate policy uncertainty", coauthored with Emanuele Campiglio, Roberto Fei, and Francesco Lamperti