Publications

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Consumer Durables and Monetary Policy According to HANK

(with Holst Partsch, E. and Petrella, I.)

In press, Journal of Monetary Economics

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The Sectoral Origins of the Spending Multiplier 

(with Bouakez, H. and Rachedi, O.) 

Journal of Public Economics, 2025, vol 248.

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Inflation and Price Flexibility 

(with Petrella I. and Winkelmann, Y.)  

European Economic Review, 2025, vol 178.

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House Prices, Increasing Returns, and the Effects of Government Spending Shocks  (with Bisgaard Larsen, R. and Hove Ravn, S.) 

European Economic Review, 2025, vol. 172.

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The Government Spending Multiplier in a Multi-Sector Model (with Bouakez, H. and Rachedi, O.) 

American Economic Journal: Macroeconomics, 2023, 15:209-239.

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Leverage and Deepening Business Cycle Skewness (with Jensen, H., Petrella I. and Hove Ravn, S.)  

American Economic Journal: Macroeconomics, 2020, 12:254-81. 

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Bank Assets, Liquidity and Credit Cycles; Technical Appendix (with Lubello, F. and Petrella, I.) 

Journal of Economic Dynamics and Control, 2019, 105:265-282. Link to WP version

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Changing Credit Limits, Changing Business Cycles (with Jensen, H. and Hove Ravn, S.) 

European Economic Review, 2018, 102:201-239. Link to WP version

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Gibrat's Law and Quantile Regressions: an Application to Firm Growth (with Distante, R. and Petrella, I.) 

Economics Letters, 2018, 64:5-9. Link to WP version

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Monetary Policy with Sectoral Trade-offs; Technical Appendix (Petrella, I. and Rossi, R.) 

Scandinavian Journal of Economics, 2019, 121:55-88. Link to WP version

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Consumer Attitudes and their Inflation Expectations (with Ehrmann, M. and Pfajfar, D.) 

International Journal of Central Banking, 2017, 225-259. Link to WP version 

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Loss Aversion and the Asymmetric Transmission of Monetary Policy (with Gaffeo, E., Petrella, I. and Pfajfar, D.) 

Journal of Monetary Economics, 2014, 68:19-36. Link to WP version 

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Credit Market Distortions, Asset Prices and Monetary Policy  (with Pfajfar, D.) 

Macroeconomic Dynamics, 2014, 18:631-650. Link to WP version

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Discretion vs. Timeless Perspective under Model-consistent Stabilization Objectives;  Technical Appendix (Petrella, I. and Rossi, R.) 

Economics Letters, 2014, 122:84-88. Link to WP version

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Aggregate Fluctuations and the Cross-sectional Dynamics of Firm Growth (with Holly, S. and Petrella, I.)

Journal of the Royal Statistical Society: Series A, 2013, 176:459-479. Link to WP version

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News on Inflation and the Epidemiology of Inflation Expectations (with Pfajfar, D.) 

Journal of Money, Credit and Banking, 2013, 45:1045-1067. Link to WP version

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On the Individual and Social Determinants of Neighborhood Satisfaction and Attachment (with Corrado, G. and Corrado, L.) Regional Studies, 2013, 47:544-562.

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Inflation Dynamics and Real Marginal Costs: New Evidence from U.S. Manufacturing Industries (with Petrella, I.) 

Journal of Economic Dynamics and Control, 2012, 36:779-794. Link to WP version

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Input-Output Interactions and Optimal Monetary Policy (with Petrella, I.) 

Journal of Economic Dynamics and Control, 2011, 35:1817-1830. (Lead Article). Link to WP version

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Determinacy, Stock Market Dynamics and Monetary Policy Inertia (with Pfajfar, D.) 

Economics Letters, 2011, 112:7-10. Link to WP version

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Heterogeneity, Learning and Information Stickiness in Inflation Expectations (with Pfajfar, D.) 

Journal of Economic Behavior & Organization, 2010, 75:426-444. Link to WP version

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Borrowing Constraints and Complex Dynamics in an OLG Framework (with Agliari, A., Assenza, T., Delli Gatti, D.)

Journal of Economic Behavior & Organization, 2009, 72:656-669.

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Business Failures, Macroeconomic Risk and the Effect of Recessions on Long-Run Growth: a Panel Cointegration Approach (with Gaffeo, E.) Journal of Economics and Business, 2009, 61:435-452.