Working PapersNew Works
Shocks, Information and Structural VARs [.pdf] forthcoming in Oxford Research Encyclopedia of Economics and Finance, Oxford University Press.
Structural Vector Autoregressive Models [.pdf], Oxford Research Encyclopedia of Economics and Finance, Oxford University Press, August 2020.
On the Empricial (Ir)Relevance of the Zero Lower Bound Constraint (with D. Debortoli and J. GalÝ) [.pdf] NBER Macroeconomics Annual 2019, 2020.
Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration (with Jordi Gali) [.pdf] in G. Castex J. Gali and D. Saravia (eds.), 2020, Changing Inflation Dynamics, Evolving Monetary Policy, Central Bank of Chile.
Structural VARs and Non-invertible Macroeconomic Models (with Mario Forni and Luca Sala), Journal of Applied Econometrics, 34(2): 221-246, 2019. [.pdf]
Evolving Wage Cyclicality in Latin America (with Julian Messina), The World Bank Economic Review, 32(3) 709-726, 2018. [.pdf]
Noisy News in Business Cycle (with Mario Forni, Marco
Lippi and Luca Sala), American
Economic Journal: Macroeconomics, 9(4):122-52, 2017. [.pdf]
Noise Bubbles (with Mario Forni, Marco Lippi and Luca Sala), Economic Journal, 127(604): 1940-1976, 2017. [.pdf]
Business Cycle Fluctuations and the Distribution of Consumption (with Giacomo DeGiorgi), Review of Economic Dynamics, 23:19-41, 2017. [.pdf]
Government Spending Shocks in Open Economy VARs (with Mario Forni), Journal of International Economics, 99:68-84, 2016. [.pdf]
Sufficient Information in Structural VARs (with Mario Forni) Journal
of Monetary Economics, 66(C):124-136, 2014. [.pdf]
No News in Business Cycles (with Mario Forni and Luca Sala) Economic Journal, 124(581):1168-1191, 2014. [.pdf]
Macroeconomic Forecasting and Structural Change (with Antonello D'Agostino and Domenico Giannone) Journal of Applied Econometrics, 28(1) 82-101, 2013 [.pdf]
Do Inflation Expectations Matter? The Great Moderation Revisited (with Fabio Canova), American Economic Journal: Macroeconomics, 2:183-205, 2010. [.pdf]
The Structural Dynamics of Output and Inflation: What Explains the Changes? (with Fabio Canova and Evi Pappa), Journal of Money Credit and Banking, 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 Real Effects of a Monetary Policy
Shock: A New VAR Identification Procedure, Rivista di Politica Economica,
XII: 149-169, 1999. [.pdf]