Assistant Professor in Economics
@ University of Warwick
May 21, 2020
Thomas Hasenzagl, Filippo Pellegrino, Lucrezia Reichlin, and Giovanni Ricco
Slides ECB-Cleveland Inflation Conference (May 2020) [PDF]
New Draft [PDF], Warwick wp [Link], OFCE wp [Link], CEPR Discussion Paper [Link]
A view often expressed by central banks is that thre...
April 15, 2020
Giovanni Ricco, Silvia Miranda-Agrippino
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...
March 24, 2020
Riccardo Degasperi, Seokki Simon Hong, Giovanni Ricco
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...
March 20, 2020
Mikkel Plagborg-Møller, Lucrezia Reichlin, Giovanni Ricco, and Thomas Hasenzagl
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...
December 19, 2019
Lucrezia Reichlin, Giovanni Ricco, and Thomas Hasenzagl
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...
Silvia Miranda-Agrippino, Giovanni Ricco
Last version of the Working Paper [PDF] [Online Appendix]
[BoE wp] [OFCE wp]
Replica Files [ZIP] Informationally robust IV [MAT]
Commonly used instruments for the identification of monetary policy d...
October 18, 2017
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...
August 9, 2015
Alberto Caruso, Lucrezia Reichlin, Giovanni Ricco
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...
May 25, 2018
Presentation Slides [PDF]
Policy Presentation for the policy session on `Identification, Propagation and Spillover of Domestic and International Monetary Shocks' at the XX Annual Inflation Targeting Conference at the Banco Central do Brasil, Rio de Janeiro on 25 May 20...
January 15, 2018
Thomas Hasenzagl, Filippo Pellegrino, Lucrezia Reichlin, Giovanni Ricco
A VOX piece on inflation in the US and in the Euro Area [Link]
French version: Une inflation faible pour longtemps? [OFCE blog]
The ECB's Survey of Professional Forecasters supports the ECB’s view that inflation in the Eurozone will pick up and will be back within the...
November 8, 2017
Paul Hubert, Giovanni Ricco
OFCE Blog [FR]: L’effet des politiques économiques dépend-il de ce dont nous en savons(par Paul Hubert et Giovanni Ricco)