Working Papers

Slides ECB-Cleveland Inflation Conference (May 2020) [PDF

New Draft (June 2020) [PDF], CEPR Discussion Paper [Link]

A view often expressed by central banks is that three components matter for...

New Draft (Apr 2020) [PDF] and slides [PDF]
 

This paper discusses conditions for identification of structural shocks with external instruments in VARs, under partial invertibility. This is a very...

Working Paper [PDF] Online Appendix [PDF]

This paper studies the transmission of US monetary shocks across the globe by employing a high-frequency identification of policy shocks and large VAR tech...

Prepared for the Spring 2020 edition of the Brookings Papers on Economic Activity [Link]

Slides [PDF] Conference Draft [PDF]

This paper empirically evaluates the potentially non-linear nexus between...

Slides for the 5th Annual Macroprudential Conference: Macroprudential, June 2019 in Eltville [PDF]

Working Paper [PDF]

We evaluate whether financial conditions can be used to predict risks of r...


Final paper and replica codes published on AEJ:macro (Forthcoming) [Link]

Last version of the Working Paper [PDF] [Online Appendix]

[BoE wp] [OFCE wp]

Commonly used instruments for the identificatio...

Slides [PDF]

Central banks’ decisions are a function of forecasts of macroeconomic fundamentals. Because private sector forecasts may not be aligned to central banks’ forecasts, what markets labe...

June 28, 2016

Download [PDF] [ECB wp Series]

Abstract: Can discretionary increases in government spending stimulate the economy? We answer this question by taking into account both the information flow on fiscal...

Download [PDF] [European Commission Discussion Paper]


Abstract:  This paper studies the joint dynamics of public debt and public deficit in the euro area for the period 1981-2013 and compute proje...

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European Economic Review, Volume 119, October 2019 [Link]

Accepted Draft [PDF] Replica Code [ZIP] Working Paper [CEPR wp]

Article on Vox `The financial origin of the euro area fiscal wound'  [Link]

Billet de blog pour l'OFCE (FR) `L’origine financière de la blessure budgé...

Download [PDF] [European Commission Discussion Paper]


Abstract:  This paper studies the joint dynamics of public debt and public deficit in the euro area for the period 1981-2013 and compute projections up to 2020. We show that, since 2009, public debt and public defic...

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© 2018 by Giovanni Ricco.

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