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Research Blog

Analysing inflation with semi-structural models
This chapter has been prepared for the Research Handbook of Inflation (Edward Elgar Publishing). It explores semi-structural time series...

Bayesian Local Projections
Accepted at Review of Economics and Statistics Code [GitHub] We propose a Bayesian approach to Local Projections that optimally addresses...

Monetary-Fiscal Crosswinds in the European Monetary Union
Accepted at the European Economic Review Final draft Appendix Replica Code [ZIP] BIS working paper VoxEu column "Fiscal-monetary...


Identification with External Instruments in Structural VARs
Journal of Monetary Economics Volume 135, April 2023, Pages 1-19 IV methods have become the leading approach to identify the effects of...

The ECB strategy: The 2021 review and its future
The CEPR Report "The ECB strategy: The 2021 review and its future" Download the the Book Our VoxEu blog piece From the CEPR website: The...

When is growth at risk?
Brookings Papers on Economic Activity Spring 2020 final draft [Link] Slides [PDF] Conference Draft [PDF] Replication code [Link] This...


S. Miranda-Agrippino, G. Ricco - The Transmission of Monetary Policy Shocks
Final paper and replica codes published on AEJ:macro (Forthcoming) [Link] Monetary Policy Instrument [.xlsx] Replication Codes [.zip]...


A Model of the Fed’s View on Inflation
Accepted at the Review of Economics and Statistics Slides ECB-Cleveland Inflation Conference (May 2020) [PDF] New Draft (August 2020)...


Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different
European Economic Review, Volume 119, October 2019 [Link] Working Paper [CEPR wp] Article on Vox "The financial origin of the euro area...
Bayesian Vector Autoregressions
Approved for publication in the forthcoming Economics and Finance Oxford Research Encyclopedia edited by Jonathan Hamilton by Oxford...
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