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...

Please reload

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 inflation dynamics: a trend anchored by long-run expectations, a cycle c...

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 general condition, often of empirical relevance, and less stringent than...

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 techniques, in conjunction with a large macro-financial dataset of global and...

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 financial indicators and the distribution of future GDP growth, using a...

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 recessions and study their relation with real economic conditions. We focu...


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 identification of monetary policy disturbances are likely to combine the true policy s...

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 label as unexpected may contain information about the economic fundamentals.

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 measures and the role played by information frictions. Using a novel set...

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...

Please reload

© 2018 by Giovanni Ricco.

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