Associate Professor in Economics
@ University of Warwick
July 28, 2020
Paolo Andreini, Cosimo Izzo, Giovanni Ricco
First Draft [ArXiv]
We propose a novel deep neural net framework -- that we refer to as Deep Dynamic Factor Model (D2FM) --, to encode the information available, from hundreds of macroeconomic and...
June 18, 2020
Thomas Hasenzagl, Filippo Pellegrino, Lucrezia Reichlin, and Giovanni Ricco
Accepted at the Review of Economics and Statistics
Slides ECB-Cleveland Inflation Conference (May 2020) [PDF]
New Draft (June 2020) [PDF], CEPR Discussion Paper [Link]
A view often expressed by...
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...
October 18, 2017
Silvia Miranda-Agrippino, Giovanni Ricco
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...
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...