People

Business Cycle Measurement with Some Theory (with M. Paustian)

Appendix

 

The Dynamics of US Inflation: Can Monetary Policy explain the Changes? (with F. Ferroni)

Forthcoming in Journal of Econometrics

 

Fiscal Policy, Pricing Frictions and Monetary Accommodation (with E. Pappa)

Forthcoming in Economic Policy

 

Does Money Matter in Shaping Domestic Business Cycles? An International Investigation (with T. Menz)

Published in Journal of Money, Credit and Banking, 43 (4), 2011, 577-609

 

Multiple Filtering Devices for the Estimation of Cyclical DSGE Models (with F. Ferroni)
Appendix

Journal of Quantitative Economics, 2 (1), 2011, 73-98

 

Do Expectations Matter? The Great Moderation Revisited (with L. Gambetti)

American Economic Journal, 2 (3), 2010, 183-205

 

The Effects of Technology Shocks on Hours and Output: A Robustness Analysis (with D. López-Salido and C. Michelacci)
Journal of Applied Econometrics, 25 (5), 2010, 755-773
WP version (extended)
November 2006, revised February 2008

 

Japan’s Lost Decade: Does Money have a Role? (with T. Menz)

Journal of the Japanese and International Economies, 24 (2), 2010, 178-195

 

Comment to "Weak Instruments Robust Tests in GMM and the New Keynesian Phillips Curve" by F. Kleibergen and S. Mavroeidis
Journal of Business and Economic Statistics, 27 (3), 2009, 311-315

 

How Much Structure in Empirical Models?
In Palgrave Handbook of Applied Econometrics, 2009, edited by T. Mills and K. Patterson , vol. 2, pp. 68-97.

 

Estimating Multi-country VAR Models (with M. Ciccarelli)
International Economic Review, 50 (3), 2009, 929-961

 

Back to Square One: Identification Issues in DSGE Models (with L. Sala)
Journal of Monetary Economics, 56 (4), 2009, 431-449
WP version (extended)
May 2005, revised February 2008

 

What Explains the Great Moderation in the US? A Structural Analysis
Journal of the European Economic Association, 7 (4), 2009, 697-721

 

Structural Changes in the US Economy: Is there a Role for Monetary Policy? (with L. Gambetti)
Journal of Economic Dynamics and Control, 33 (2), 2009, 477-490

 

The Structural Dynamics of U.S. Output and Inflation: What Explains the Changes? (with L. Gambetti and E. Pappa)
Appendix
Journal of Money, Credit and Banking, 40 (2-3), 2008, 369-388

 

Methods for Applied Macroeconomic Research. Princeton University Press, 2007.

The following are earlier drafts of the three chapters of the book:
Chapter 4: VAR Models
Chapter 6: Likelihood Methods
Chapter 10: Bayesian VARs

 

Price Differentials in Monetary Unions: The Role of Fiscal Shocks (with E. Pappa)
The Economic Journal, 117 (520), 2007, 713-737
Former working paper (Appendix)

 

Monetary Policy in the Euro Area: Lessons from 5 Years of ECB and Implications for Turkey (with C. Favero)
Macroeconomic Polices for Accession Countries, 2007, edited by E. Basci, S. Togan and J. Vonhagen, p. 79-129

 

Similarities and Convergence in G-7 Cycles (with M. Ciccarelli and E. Ortega)
Journal of Monetary Economics, 54 (3), 2007, 850-878

 

The Structural Dynamics of Output Growth and Inflation: Some International Evidence (with L. Gambetti and E. Pappa)
The Economic Journal, 117 (519), 2007, C167-C191

 

G-7 Inflation Forecasts: Random Walk, Phillips Curve or What Else?

Macroeconomic Dynamics, 11 (1), 2007, 1-30

 

The Elusive Costs and the Immaterial Gains of Fiscal Constraints (wih E. Pappa)
Journal of Public Economics, 90 (8), 2006, 1391-1414

 

The Transmission of US Shocks to Latin America
Journal of Applied Econometrics, 20 (2), 2005, 229-251

 

Does it Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints (with E. Pappa)
NBER International Seminar in Macroeconomics, 2005, 11065, 327-370

 

Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model (with M. Ciccarelli)
Journal of Econometrics, 120 (2), 2004, 327-359

 

Testing for Convergence Clubs in Income per Capita: A Predictive Density Approach

International Economic Review, 45 (1), 2004, 49-77

 

The Properties of Equity Premium and the Risk Free-Rate: An Investigation across Time and Countries (with G. de Nicoló)

IMF Staff Papers, 20 (2), 2003, 222-249

 

On the Sources of Business Cycles in the G-7 (with G. de Nicoló)

Journal of International Economics, 59 (1), 2003, 77-100

 

Did Colonization Matter for Growth? An Empirical Exploration into the Historical Causes of Africa's Underdevelopment (with G. Bertocchi)
European Economic Review, 46 (10), 2002, 1851-1871

 

Monetary Disturbances Matter for Business Fluctuations in the G-7 (with G. de Nicoló)

Journal of Monetary Economics, 49 (6), 2002, 1131-1159

 

Inequality and Convergence in Europe's Regions: Reconsidering European Regional Policies (with M. Boldrin)

Economic Policy, 13 (32), 2001, 207-253

 

Stock Returns, Term Structure, Inflation, and Real Activity. An International Perspective (with G. de Nicoló)

Macroeconomic Dynamics, 4 (3), 2000, 343-372

 

The Macroeconomic Effects of German Unification: Real Adjustments and the Welfare State (with M. Ravn)

Review of Economic Dynamics, 3 (3), 2000, 423-460

 

Does Retrending Matter for the Determination of the Reference Cycle and the Selection of Turning Points?

Economic Journal, 109 (452), 1999, 126-150

 

Sources and Propagation of International Output Cycles: Common Shocks or Transmission? (with J. Marrinan)

Journal of International Economics, 46 (1), 1998, 133-166

 

Detrending and Business Cycle Facts

Journal of Monetary Economics, 41 (3), 1998, 475-512

 

Detrending and Business Cycle Facts: A User's Guide

Journal of Monetary Economics, 41 (3), 1998, 533-540

 

International Business Cycles, Financial Markets and Household Production (with A. Ubide)

Journal of Economic Dynamics and Control, 22 (4), 1998, 545-572

 

International Consumption Risk Sharing (with M. Ravn)

International Economic Review, 37 (3), 1996, 574-601

 

Three Tests for the Existence of Cycles in Time Series

Ricerche Economiche, 50 (2), 1996, 135-162

 

Reconciling the Term Structure of Interest Rates with the Consumption-based ICAP Model (with J. Marrinan)

Journal of Economic Dynamics and Control, 20 (4), 1996, 709-750

 

Stock Returns and Real Activity: A Structural Approach (with G. de Nicoló)

European Economic Review, 39 (5), 1995, 981-1015

 

Sensitivity Analysis and Model Evaluation in Simulated Dynamic General Equilibrium Economies

International Economic Review, 36 (2), 1995, 477-501

 

Predicting Excess Returns in Financial Markets (with J. Marrinan)

European Economic Review, 39 (1), 1995, 35-69

 

Statistical Inference in Calibrated Models

Journal of Applied Econometrics, 9 (1), 1994, S123-S144

 

Changes in Seasonal Patterns: Are they Cyclical? (with E. Ghysels)

Journal of Economic Dynamics and Control, 18 (6), 1994, 1143-1171

 

Detrending and Turning Points

European Economic Review, 38 (3-4), 1994, 614-623

 

Were Financial Crises Predictable?

Journal of Money, Credit and Banking, 26 (1), 1994, 102-124

 

Profits, Risk, and Uncertainty in Foreign Exchange Markets (with J. Marrinan)

Journal of Monetary Economics, 32 (2), 1993, 259-286

 

Trade Interdependence and the International Business Cycle(with H. Dellas)

Journal of International Economics, 34 (1-2), 1993, 23-47

 

Modelling and Forecasting Exchange Rates with a Bayesian Time-varying Coefficient Model

Journal of Economic Dynamics and Control, 17 (1-2), 1993, 233-261

 

Forecasting Time Series with Common Seasonal Patterns

Journal of Econometrics, 55 (1-2), 1993, 173-200

 

Price Smoothing Policies: A Welfare Analysis

Journal of Monetary Economics, 30 (2), 1992, 255-275

 

An Empirical Analysis of Ex Ante Profits from Forward Speculation in Foreign Exchange Markets

Review of Economics and Statistics, 73 (3), 1991, 489-496

 

The Sources of Financial Crisis: Pre- and Post-Fed Evidence

International Economic Review, 32 (3), 1991, 689-713

 

The Time-Series Properties of the Risk Premium in the Yen/Dollar Exchange Market (with T. Ito)

Journal of Applied Econometrics, 6 (2), 1991, 125-142