Research

Working Papers and works in progress

• Identification Using Higher-Order Moments Restrictions (2023) with P. Andrade and L. Melosi. [paper]
• A tail of labor supply and a tale of monetary policy (2022) with C. Cantore, H. Muntaz and A. Theopilopoulou. [paper]
• A hitchhiker guide to empirical macro models (2020) with F. Canova. [paper]

Publications:

• Unusual Shocks in Our Usual Models (2024), Journal of Monetary Economics, accepted with minor revisions; with J. D. M. Fisher, L. Melosi. [paper]
• Mind the Gap! Stylized dynamic facts and structural models (2023), American Economic Journal: Macroeconomics, vol. 14(4), pages 104-135; October, with F. Canova. [paper]
• The Missing Link: Monetary Policy and the Labor share (2022), Journal of European Economic Association, vol. 19(3), pages 1592-1620; with C. Cantore and M. Leon-Ledesma [paper]
• Delphic and Odyssean monetary policy shocks: Evidence from the euro-area (2021), Journal of Monetary Economics, vol. 117(C), pages 816-832; with P. Andrade. [paper] [MP surprises]
• The limits of forward guidance (2019), Journal of Monetary Economics, vol. 108(C), pages 118-134; with J. Campbell, J. D. M. Fisher, L. Melosi. [paper]
• Detecting and Analyzing the Effects of Time-Varying Parameters in DSGE Models (2019), International Economic Review, vol. 61(1), pages 105-125, February; with F. Canova and C. Matthes. [paper]
• Comparing post-crisis dynamics across Euro Area countries with the Global-Multi country model (2019) Economic Modelling, Elsevier, vol. 81(C), pages 242-273; with A. Albonico, L. Cales, R. Cardani, O. Croitorov, M. Giovannini, S. Hohberger, B. Pataracchia, F. Pericoli, M. Ratto, R. Raciborski, W. Roeger, L. Vogel. [paper]; [replication codes]
• Selecting Structural Innovations in DSGE models (2019), Journal of Applied Econometrics, vol. 34(2), pages 205-220, March; with S. Grassi and M. Leon-Ledesma.[paper] [appendix]
• The Dynamics of Hours Worked and Technology (2017), Journal of Economic Dynamics and Control, vol. 82(C), pages 67-82; with C. Cantore, M. Leon-Ledesma. [paper]
• The Euro Area business cycles in turbulent times: convergence or decoupling? (2015), Applied Economics, Vol. 47; with B. Klaus. [paper]
• Choosing the variables to estimate singular DSGE models (2014), Journal of Applied Econometrics, Vol. 29(7); with F. Canova and C. Matthes. [paper]
• The dynamics of US inflation: can monetary policy explain the changes? (2012), Journal of Econometrics, Vol. 167; with F. Canova. [paper]
• Trend agnostic one-step estimation of DSGE models (2011), The B.E. Journal of Macroeconomics, Vol 11, Issue 1 (Advances), Article 25. [paper]
• Multiple filtering devices for the estimation of cyclical DSGE models (2011), Quantitative Economics, Volume 2, Issue 1; with F. Canova. [paper]
• Comments on MEDEA: A DSGE model for the Spanish Economy (2010), Journal of the Spanish Economic Association, Volume 1, Numbers 1-2. [paper]

Other publications:

• How Tight Is U.S. Monetary Policy? (2023), Chicago Fed Letter, No. 476, March 2023. (with J. D. M. Fisher and L. Melosi) [paper]
• What Is the Impact of Monetary Policy on Households Desired Labor Supply? (2022), Chicago Fed Letter, No. 472, September 2022. (with C. Cantore, H. Mumtaz and A. Theophilopoulou) [paper]
• How Interconnected Are Cryptocurrencies and What Does This Mean for Risk Measurement? (2019), Chicago Fed Letter, No. 466, March 2022. [paper]
• The Macroeconomic Effects of the 2018 Bipartisan Budget Act (2019), Economic Perspectives, Federal Reserve Bank of Chicago, issue 2, pages 2-12. (with J. Campbell, J. D. M. Fisher and L. Melosi) [paper]
• The missing link: Monetary policy and the labour share, (2019) VoXEU, CEPR Policy Portal, March 27 2019. (with C. Cantore and M Leon-Ledesma) [paper]

Old Working Papers:

• Domestic and Global Inflation (2015), with B. Mojon
• Did the tax polity mitigate the US business cycles? (2010)