Publications

Macroeconomic Forecasting and Structural Change (with Antonello D'Agostino and Domenico Giannone) forthcoming in Journal of Applied Econometrics [.pdf]

The Dynamic Effects of Monetary Policy: A Structural Factor Model Approach (with Mario Forni), Journal of Monetary Economics, vol. 57(2):203-213, 2010. [.pdf],[replication files]

Do Inflation Expectations Matter? The Great Moderation Revisited (with Fabio Canova), American Economic Journal: Macroeconomics 2:183-205, 2010. [.pdf]

On the Sources of the Great Moderation (with Jordi Gali), American Economic Journal: Macroeconomics 1(1):26-57, 2009. [.pdf],[replication files]

Structural Changes in the US Economy: Is There a Role for Monetary Policy?  (with Fabio Canova), Journal of Economic Dynamics and Control 33(2):477-490, 2009. [.pdf],[replication files]

The Structural Dynamics of Output and Inflation: What Explains the Changes? (with Fabio Canova and Evi Pappa), Journal of Money Credit and Banking, vol. 40(2-3):369-388, 2008. [.pdf]

The Structural Dynamics of Output Growth and Inflation: Some International Evidence (with Fabio Canova and Evi Pappa), Economic Journal, C167-C191, 03, 2007. [.pdf]

Policy Matters. The Long-Run Effects of Aggregate Demand and  Mark Up Shocks on the Italian Unemployment Rate (with Barbara Pistoresi), Empirical Economics 29:209-226, 2004. [.pdf]

The Effectiveness of Monetary Policy: Evidence from a Non-Standard Identification Criterion Annali della Fondazione Einaudi, Volume XXXV-2001. [.pdf]

The Real Effects of a Monetary Policy Shock: A New VAR Identification Procedure, Rivista di Politica Economica, XII: 149-169, 1999. [.pdf]