I am an economist working in the Monetary Policy Research Division at the European Central Bank. This is my private site and the views expressed here do not necessarily reflect those of the European Central Bank.
My profiles at: [Repec] [Google Scholar] [ECB]
Papers
Estimating the Fed’s Unconventional Policy Shocks, 2024, Journal of Monetary Economics - [bibtex] - [Online Appendix] - [Download replication and updated shocks until 2024]
Global Spillovers from Multi-dimensional US Monetary Policy, with Georgios Georgiadis, ECB Working Paper 2881 - Coverage on www.centralbanking.com
Central Bank Information Effects and Transatlantic Spillovers, 2022, Journal of International Economics - [replication package] - [bibtex]
Deconstructing Monetary Policy Surprises - The Role of Information Shocks, with Peter Karadi, 2020, American Economic Journal: Macroeconomics - 2021 AEJ Best Paper Award - VoxEU - Video - [bibtex] - [Download shocks <- UPDATED in October 2024]
Vulnerable growth in the euro area: Measuring the financial conditions, with Juan Manuel Figueres, 2020, Economics Letters - [bibtex]
Priors about Observables in Vector Autoregressions, with Albert Marcet, 2019, Journal of Econometrics - [bibtex]
Missing disinflation and missing inflation: a VAR perspective, with Elena Bobeica, 2019, International Journal of Central Banking - [bibtex]
Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union, with Giancarlo Corsetti, Luca Dedola, Bartosz Maćkowiak, Sebastian Schmidt, 2019, European Journal of Political Economy - VoxEU - [bibtex]
An inflation-predicting measure of the output gap in the euro area, with Michele Lenza, 2018, Journal of Money, Credit and Banking - [bibtex]
Monetary-fiscal interactions and the euro area’s malaise, with Bartosz Maćkowiak, 2018, Journal of International Economics - [bibtex]
Granger-causal priority and choice of variables in vector autoregressions, with Bartosz Maćkowiak, 2017, Review of Economics and Statistics - [bibtex]
A note on implementing the Durbin and Koopman simulation smoother, 2015, Computational Statistics and Data Analysis - [matlab example] - [bibtex]
Determinants of Economic Growth: Will Data tell?, with Antonio Ciccone, 2010, American Economic Journal: Macroeconomics - [bibtex]
Responses to monetary policy shocks in the east and the west of Europe: a comparison, 2010, Journal of Applied Econometrics - [bibtex]
Conditional Forecasts and Uncertainty about Forecast Revisions in Vector Autoregressions, 2010, Economics Letters - [matlab function] - [bibtex]
House Prices and the stance of Monetary Policy, with Frank Smets, 2008, Federal Reserve Bank of St. Louis Review - [bibtex]