Working Papers

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...


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...

Presentation Slides Mexico City November 2019 [PDF]

How does US monetary policy affects the rest of the world? This paper provides evidence on how policy actions are transmitted across the glo...

Slides [PDFSlides NBER-NSF SBIES 2019 [PDF] MMCN 2019 Lightning Talk [PDF]

New Draft [PDF], Warwick wp [Link], OFCE wp [Link], CEPR Discussion Paper [Link]

A view often expressed by central banks...

New Draft [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 con...

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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May 28, 2018


 

Discussion slides for the paper by Uzeda - `The Effects of Monetary Policy on Trend Inflation', prepared for the XX Annual Inflation Targeting Conference at the Banco Central do Brasil, Rio de Janeiro on 23 May 2018 [PDF].

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...

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...

[French] La Revue de l’OFCE, January 2018 [Link] [PDF]

[English] La Revue de l’OFCE, September 2018 [Link] 

This article presents some recent theoretical and empirical contributions to the macroeconomic literature that challenge the perfect information hypothesis. By tak...

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.

September 16, 2017

Discussion slides for the paper by Corsetti, Dedola and Trezzi - ‘The Missing Internal Devaluation’, prepared for the Conference on Housing, Housing Credit, and the Macroeconomy, London, 15 September 2017 [PDF].

Download [PDF] [Online Appendix]

Journal of Monetary Economics Volume 90, October 2017, Pages 13-27 [Link]


Abstract: Using a large Bayesian VAR, we approximate the flow of information received by economic agents to investigate the effects of changes to government purcha...

July 3, 2017

Discussion slides of the paper of Kevin J. Lansing (S. Francisco Fed), "Endogenous Regime Shifts in a New Keynesian Model with a Time-Varying Natural Rate of Interest", prepared for the Conference on the Applications of Behavioural Economics, and Multiple Equilibrium M...

Dowload [JME] [ECB wp] [Appendix]

Journal of Monetary Economics, Volume 82, September 2016, Pages 107-118
Bloomberg Quint

Abstract: This paper investigates the influence of fiscal policy communication on the propagation of government spending shocks. We propose a new i...

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© 2018 by Giovanni Ricco.

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