Research & Policy Work
Publications
-
DSGE Nash: a toolkit to solve Nash Games in Macro Models
(joint with Massimo Ferrari Minesso),
Journal of Economic Dynamics and Control, Volume 178, 2025, 105143
[Replication code].
Working paper version(s):
ECB WP No 2678,
Banque de France WP No. 884.
Media coverage:
SUERF policy brief.
-
Does one (unconventional) size fit all? Effects of the ECB's unconventional monetary policies on the euro area economies,
European Economic Review, 2024, 103617
.
Working paper version:
Banque de France WP No. 829
.
Media coverage:
SUERF policy brief
.
-
Euro area monetary policy effects. Does the shape of the yield curve matter?
(with Florens Odendahl,
Adrian Penalver,
Barbara Rossi,
Giulia Sestieri),
Journal of Monetary Economics, 2024, 103617
.
Working paper version:
Banque de France WP No. 912
.
-
The Volatility of Capital Flows in Emerging Markets: Measures and Determinants
(joint with
Swarnali Ahmed Hannan
),
Journal of International Money and Finance, Volume 145, July 2024, 103095
.
Working paper version:
IMF Working Paper No. 17/41.
Media coverage:
Central Banking
.
-
The International impact of a fragile EMU
(joint with Demosthenes Ioannou and Livio Stracca),
European Economic Review, Volume 161, January 2024
.
Working paper version(s):
ECB WP No 2459,
Banque de France WP No. 795.
Media coverage:
VoxEU.
-
No country is an island. International cooperation and climate change
(joint with
Massimo Ferrari Minesso),
Journal of International Economics, Volume 145, November 2023
[Replication code].
Working paper version(s):
ECB WP No. 2568,
Banque de France WP No. 815
.
Media coverage:
SUERF policy brief
.
-
LSIs' exposure to climate-related risks: an approach to assess physical risks,
International Journal of Central Banking, vol. 19(1), pages 1-54, March 2023
.
Working paper version(s):
ECB WP No. 2517
.
-
Do words hurt more than actions? The impact of trade tensions on financial markets
(joint with
Massimo Ferrari Minesso
and Frederik Kurcz),
Journal of Applied Econometrics. 2022; 1–22
.
Working paper version(s):
ECB WP No 2490
,
Banque de France WP No. 802
.
Media coverage:
French Finance Ministry
.
Working Papers
Policy Work
-
DNB Analysis (2025), "Uncertainty and climate policy in the Netherlands: measure and economic effects"
(with F. Marotta and J. de Winter), May,
https://www.dnb.nl/publicaties/publicaties-onderzoek/analyse/uncertainty-and-climate-policy-in-the-netherlands-measure-and-economic-effects/
-
BdF Blog (2023), "Wage indexation to prices and inflation expectation anchoring"
(with C. Grosse Steffen and G. Smagghue), Post n. 335, Banque de France, Paris,
https://www.banque-france.fr/en/publications-and-statistics/publications/wage-indexation-prices-and-inflation-expectation-anchoring
-
BdF Blog (2021), "Monetary policy, fragmentation risks and the euro"
(with K. Istrefi and U. Szczerbowicz), Post n. 237, Banque de France, Paris,
https://www.banque-france.fr/en/publications-and-statistics/publications/monetary-policy-fragmentation-risks-and-euro
-
BdF Blog (2021), "Why can sovereign and corporate borrowers in some countries borrow at negative rates?"
(with S. Herbert and A. Penalver), Post n. 212, Banque de France, Paris,
https://www.banque-france.fr/en/publications-and-statistics/publications/why-can-sovereign-and-corporate-borrowers-some-countries
-
ECB Occasional Paper (2019), “Understanding low wage growth in the euro area and European countries”,
September, European Central Bank, Frankfurt am Main, Germany,
https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op232~4b89088255.en.pdf
-
ECB (2019), “The International Role of the Euro”,
June, European Central Bank, Frankfurt am Main, Germany,
https://www.ecb.europa.eu/pub/ire/html/ecb.ire201906~f0da2b823e.en.html
-
IMF Board Paper (2016), “Capital Flows - Review of Experience with the Institutional View”,
International Monetary Fund, Washington D.C., USA,
https://www.imf.org/en/Publications/Policy-Papers/Issues/2017/01/13/PP5081-Capital-Flows-Review-of-Experience-with-the-Institutional-View