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Research Blog


S. Miranda-Agrippino, G. Ricco - Unsurprising Shocks: Information, Premia, and the Monetary Transmis
Slides [PDF] Central banks’ decisions are a function of forecasts of macroeconomic fundamentals. Because private sector forecasts may...


Discussion Slides: Corsetti, Dedola, Trezzi - ‘The Missing Internal Devaluation’
Discussion slides for the paper by Corsetti, Dedola and Trezzi - ‘The Missing Internal Devaluation’, prepared for the Conference on...

A. Ellahie, G. Ricco - Government Purchases Reloaded: Informational Insufficiency and Heterogeneity
Download [PDF] [Online Appendix] Journal of Monetary Economics Volume 90, October 2017, Pages 13-27 [Link] Abstract: Using a large...


Discussion Slides: K. J. Lansing - "Endogenous Regime Shifts in a New Keynesian Model with a Time"
Discussion slides of the paper of Kevin J. Lansing (S. Francisco Fed), "Endogenous Regime Shifts in a New Keynesian Model with a...


G. Ricco, G. Callegari, J. Cimadomo -Â Signals from the Government: Policy Disagreement and the Trans
Dowload [JME] [ECB wp] [Appendix] Journal of Monetary Economics, Volume 82, September 2016, Pages 107-118 Bloomberg Quint Abstract: This...


Discussion Slides: Dedola, Rivolta, Stracca - ‘If the Fed sneezes, who catches a cold?’
Discussion slides of the paper of Dedola, Rivolta, Stracca "If the Fed sneezes, who catches a cold?", prepared for the NBER International...


G. Ricco -Â A New Identification of Fiscal Shocks Based on the Information Flow
Download [PDF] [ECB wp Series] Abstract: Can discretionary increases in government spending stimulate the economy? We answer this...


A. Caruso, L. Reichlin, G. Ricco - The Legacy Debt and the Joint Path of Public Deficit and Debt in
Download [PDF] [European Commission Discussion Paper] Abstract: This paper studies the joint dynamics of public debt and public deficit...


The Ages of South African Fiscal Policy - 1970-2012
A Point Changing VAR to identify changes in regimes in the South African fiscal and monetary policy framework. Presentation slides ESSA...


The surface layers dual to hydrodynamic boundaries
Nuclear Physics B Volume 845, Issue 2, 11 April 2011, Pages 190-211 [Link] The AdS/hydrodynamics correspondence provides a 1–1 map...
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