Research Interests
Environmental macroeconomics, growth and business cycles, fiscal and monetary policy, and macroeconomic modeling for policy analysis.
Working Papers
- "Who Pays When? The Intergenerational Incidence of the Green Transition" (with Jean-Guillaume Sahuc and Gauthier Vermandel).
- "Italy's Green Transition: Evidence from an Estimated E-DSGE Model" (with Fabio Di Dio).
- "Weather Shocks and the Optimal Policy Mix in a Climate-Vulnerable Economy" (with Cédric Crofils), AMSE Working Papers, no. 4, 2025.
- "Intergenerational Household Finance and the Green Transition Cost" (with Rebecca Clipal and Jean-Guillaume Sahuc), EconomiX Working Papers, No. 2025-30, University of Paris Nanterre, 2025.
- "Business Cycles and Environmental Policy: Literature Review and Policy Implications" (with Stefano Carattini, Carolyn Fischer and Garth Heutel), NBER Working Paper no. 29032, 2021.
Articles
- "Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles" (with Marco Carli and Francesca Diluiso), Journal of Money, Credit and Banking, forthcoming.
- "Short-Run Fluctuations and Long-Run Growth with Recursive Preferences" (with Alessandra Pelloni and Fabrizio Valenti), Macroeconomic Dynamics, 2025, 29.
- "Climate Vulnerability and Monetary Policy in a Dual Economy" (with Cédric Crofils), Revue d'économie du développement, 2024/3-4 Vol. 32.
- "Climate Actions, Market Beliefs, and Monetary Policy" (with Fabio Di Dio and Francesca Diluiso), Journal of Economic Behavior and Organization, 2024, 218, 176–208.
- "Optimal Correction of the Public Debt and Measures of Fiscal Soundness" (with Fabio Di Dio and Stefano Patrì), Metroeconomica, 2023, 74(1), 138–162.
- "Optimal Factor Taxation in A Scale Free Model of Vertical Innovation" (with Valentina Antonaroli and Alessandra Pelloni), Economic Inquiry, 2022, 60(2), 794–830.
- "Business Cycles and Environmental Policy: A Primer" (with Stefano Carattini, Carolyn Fischer and Garth Heutel), Environmental and Energy Policy and the Economy, NBER, 2022, 3, 221–253.
- "Climate Actions and Macro-Financial Stability: The Role of Central Banks" (with Francesca Diluiso, Matthias Kalkuhl and Jan C. Minx), Journal of Environmental Economics and Management, 2021, 110, 102548.
- "Innovation, Growth and Optimal Monetary Policy" (with Alessandra Pelloni), Macroeconomic Dynamics, 2021, 25(5), 1175–1198.
- "Moving the frontier of macroeconomic modelling of research and innovation policy", Independent Expert Report (with O. Licandro, P. Mohnen, E. Ortega and R. Veugelers), 2020, EC, DG R&I, Publications Office of the European Union, Luxembourg.
- "A Behavioral Model of the Credit Cycle" (with Silvia Surricchio and Robert J. Waldmann), Journal of Economic Behavior and Organization, 2019, 166, 53–83.
- "International Transmission of the Business Cycle and Environmental Policy" (with Francesca Diluiso), Resource and Energy Economics, 2019, 58, 101112.
- "Protection for Sale under Monopolistic Competition: Beyond the CES" (with Enrico Marvasi), European Journal of Political Economy, 2019, 60, 101802.
- "Environmental Policy and Endogenous Market Structure" (with Luca Correani and Fabio Di Dio), Resource and Energy Economics, 2018, 52, 186–215.
- "Tax Reforms and the Underground Economy: A Simulation-Based Analysis" (with Claudio Cesaroni), International Tax and Public Finance, 2018, 25(2), 458–518.
- "GHG Emissions Control and Monetary Policy" (with Fabio Di Dio), Environmental & Resource Economics, 2017, 67(4), 823–851.
- "GHG Mitigation Schemes and Energy Policies: A Model-Based Assessment for the Italian Economy" (with Susan Battles, Fabio Di Dio, Pierfrancesco Molina and Pietro Zoppoli), Economic Modelling, 2017, 61, 495–509.
- "Taylor Rules, Long-Run Growth and Real Uncertainty" (with Lorenza Rossi), Economics Letters, 2015, 133(C), 31–34.
- "Environmental Policy and Macroeconomic Dynamics in a New Keynesian Model" (with Fabio Di Dio), Journal of Environmental Economics and Management, 2015, 69(1), 1–21.
- "Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy" (with Fabio Di Dio and Francesco Felici), Open Economies Review, 2015, 26(4), 731–785.
- "Assessing policy reforms for Italy using ITEM and QUEST III" (with Fabio Di Dio, Francesco Felici and Francesco Nucci), Rivista di Politica Economica, 4, 2014.
- "Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?" (with Alessandra Pelloni), Oxford Economic Papers, 2014, 66(1), 306–324.
- "Pro-competitive reforms and timing of implementation: An IGEM-based simulation analysis for Italy" (with Fabio Di Dio and Francesco Felici), Rivista Italiana di Demografica e Statistica, 67(2), 2013.
- "Optimal monetary policy in a New Keynesian model with endogenous growth" (with Lorenza Rossi), Journal of Macroeconomics, 38(PB), 2013.
- "Structural Reforms and the Potential Effects on the Italian Economy" (with Fabio Di Dio and Francesco Felici), Journal of Policy Modeling, 35(1), 2013.
- "National Oligopolies and Economic Geography" (with Federica Orioli and Federico Trionfetti), The Annals of Regional Science, 48(1), 2012.
- "Budgetary Policies in a DSGE Model with Finite Horizons" (with Nicola Giammarioli and Alessandro Piergallini), Research in Economics, 66(2), 2012.
- Endogenous Growth, Monetary Shocks and Nominal Rigidities (with Alessandra Pelloni and Lorenza Rossi), Economics Letters, 113(2), 2011.
- "Country-Specific Risk Premium, Taylor Rules, and Exchange Rates" (with Alessandro Piergallini), Economic Notes, 40(1-2), 2011.
- "Long-Term Growth and Short-Term Volatility: The Labour Market Nexus" (with Luisa Corrado and Alessandra Pelloni), The Manchester School, 79(s1), June 2011.
- "Budget Deficits and Exchange-Rate Crises" (with Giancarlo Marini and Giovanni Piersanti), International Economic Journal, 25(2), 2011.
- "Wealth effects, the Taylor rule and the liquidity trap" (with Giancarlo Marini and Alessandro Piergallini), International Journal of Economic Theory, 5(3), 2009.
- "Monetary Policy and Fiscal Rules" (with Giancarlo Marini and Alessandro Piergallini), The B.E. Journal of Macroeconomics (Contributions), (1), article 4, 2008.
- "Government Deficits, Wealth Effects and the Price Level in an Optimizing Euro-Model", Journal of Policy Modeling, 29(1), 2007.
- "Monetary Rules and Deficit Shocks" (with Alessandro Piergallini), Spanish Economic Review, 9(1), 2007.
- "Inflation shocks and interest rate rules" (with Alessandro Piergallini), Economics Bulletin, 5(19), 2006.
- "Fiscal Policy and Exchange Rates", Journal of Economics, 89(2), 2006.
- "Interest Rate Pegs, Wealth Effects, and Price Level Determinacy" (with Giancarlo Marini), Metroeconomica, 57(4), 2006.
- "Population Dynamics and Monetary Policy" (with Alessandro Piergallini), Journal of Population Economics, 19(3), 2006.
- "Fiscal Policy and the Price Level" (with Giancarlo Marini), Topics in Macroeconomics, 5(1), article 13, 2005.
- "Government Deficits, Consumption and the Price Level" (with Giancarlo Marini), Portuguese Economic Journal, 4(3), 2005.
Old (but Evergreen) Working Papers
- "IGEM-PA: a Variant of the Italian General Equilibrium Model for Policy Analysis" (with C. Battiati, C. Cesaroni, F. Di Dio and F. Felici), Working Papers 2, Department of the Treasury, MEF, 2017.
- "150 Years of Italian CO2 Emissions and Economic Growth" (with Anna Rita Bennato and Emilio Zanetti Chini), CREATES Research Paper 2014-2.
- "IGEM: A Dynamic General Equilibrium Model for Italy" (with F. Di Dio, F. Felici and L. Monteforte), Dipartimento del Tesoro Working Paper no. 4/2013.
- "Economic Growth and Carbon Dioxide Emissions in Italy, 1861–2003" (with Anna Rita Bennato and Andrea Costa), MPRA Paper no. 12817.
- "Fiscal Rules and Sustainability of Public Finances in an Endogenous Growth Model" (with Nicola Giammarioli), ECB Working Paper no. 381, 2004.
Reports and Contributions to Conference Volumes
- "Measurements of intra-industry trade: where do we stand? An analysis of Italian trade data" (with Beniamino Quintieri), conference volume edited by the Bank of Italy, Conference in memory of Stefano Vona: International Trade and Italian Trade Pattern, Rome, December 2001.