Working Papers

Evolving Wage Cyclicality in Latin America (with Julian Messina) [.pdf]

Government Spending Shocks in Open Economy VARs (with Mario Forni), [.pdf]

Noise Bubbles (with Mario Forni, Marco Lippi and Luca Sala), [.pdf]

Noisy News in Business Cycle (with Mario Forni, Marco Lippi and Luca Sala), [.pdf]

Loan Supply Shocks and the Business Cycle (with Alberto Musso) [.pdf]

Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model (with Mario Forni) [.pdf]

 

Publications

Sufficient Information in Structural VARs (with Mario Forni)  Journal of Monetary Economics forthcoming. [.pdf]

The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence  (with Jordi Gali) American Economic Journal: Macroeconomics  forthcoming.  [.pdf]

No News in Business Cycles (with Mario Forni and Luca Sala) Economic Journal forthcoming. [.pdf]

Macroeconomic Forecasting and Structural Change (with Antonello D'Agostino and Domenico Giannone) Journal of Applied Econometrics, vol. 28(1) 82-101, 2013.[.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 Real Effects of a Monetary Policy Shock: A New VAR Identification Procedure, Rivista di Politica Economica, XII: 149-169, 1999. [.pdf]