Details about Alice Albonico

Access statistics for papers by Alice Albonico.

Last updated 2025-07-08. Update your information in the RePEc Author Service.

Short-id: pal446

Working Papers

2025

1. Monetary Policy in the Euro Area: Active or Passive?
   Working Papers, University of Milano-Bicocca, Department of Economics
   Also in School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy (2024)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2024)
   See also Journal Article Monetary policy in the euro area: Active or passive?, European Economic Review, Elsevier (2025) (2025)

2022

2. The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations
   Working Papers, University of Milano-Bicocca, Department of Economics View citations (2)
   Also in Economics Discussion / Working Papers, The University of Western Australia, Department of Economics (2020) View citations (2)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (2)
   See also Journal Article The (Ir)Relevance of Rule‐of‐Thumb Consumers for U.S. Business Cycle Fluctuations, Journal of Money, Credit and Banking, Blackwell Publishing (2024) View citations (1) (2024)

2020

3. The public debt multiplier
   Papers, arXiv.org View citations (1)
   See also Journal Article The public debt multiplier, Journal of Economic Dynamics and Control, Elsevier (2021) View citations (5) (2021)

2019

4. The Global Multi-Country Model (GM): An Estimated DSGE Model for Euro Area Countries
   European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (20)
   Also in JRC Working Papers in Economics and Finance, Joint Research Centre, European Commission (2017) View citations (27)

2018

5. Debunking the Myth of Southern Profligacy. A DSGE Analysis of Business Cycles in the EMU’s Big Four
   Working Papers, University of Milano-Bicocca, Department of Economics
6. Limited Asset Market Participation and the Euro Area Crisis. An Empirical DSGE Model
   Working Papers, University of Milano-Bicocca, Department of Economics View citations (1)
   See also Journal Article LIMITED ASSET MARKET PARTICIPATION AND THE EURO AREA CRISIS: AN EMPIRICAL DSGE MODEL, Economic Inquiry, Western Economic Association International (2019) View citations (16) (2019)
7. The debt multiplier
   Working Papers, University of Milano-Bicocca, Department of Economics

2017

8. Inflation Bias and Markup Shocks in a LAMP Model with Strategic Interaction of Monetary and Fiscal Policy
   DEM Working Papers Series, University of Pavia, Department of Economics and Management
   Also in Working Papers, University of Milano-Bicocca, Department of Economics (2017)
   See also Journal Article Inflation bias and markup shocks in a LAMP model with strategic interaction of monetary and fiscal policy, Journal of Macroeconomics, Elsevier (2017) (2017)
9. PIIGS in the Euro area: An empirical DSGE model
   Discussion Papers in Economics, Griffith University, Department of Accounting, Finance and Economics
   Also in Working Papers, University of Milano-Bicocca, Department of Economics (2016) View citations (3)

2016

10. Great Recession, Slow Recovery and Muted Fiscal Policies in the US
    Working Papers, School of Economics, University College Dublin View citations (5)
    See also Journal Article Great recession, slow recovery and muted fiscal policies in the US, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (16) (2017)
11. In search of the Euro Area Fiscal Stance
    Working Papers, University of Milano-Bicocca, Department of Economics View citations (28)
    Also in Working Papers, School of Economics, University College Dublin (2016) View citations (23)
    See also Journal Article In search of the Euro area fiscal stance, Journal of Empirical Finance, Elsevier (2016) View citations (22) (2016)

2014

12. Estimating a DSGE model with Limited Asset Market Participation for the Euro Area
    Working Papers, University of Milano-Bicocca, Department of Economics View citations (10)

2013

13. Capital Maintenance and Depreciation over the Business Cycle
    DEOS Working Papers, Athens University of Economics and Business
    See also Journal Article Capital maintenance and depreciation over the business cycle, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (19) (2014)
14. Policy Games, Distributional Conflicts and the Optimal Inflation (new version)
    DEM Working Papers Series, University of Pavia, Department of Economics and Management View citations (1)

2012

15. Policy Games with Distributional Conflicts
    DEM Working Papers Series, University of Pavia, Department of Economics and Management
16. Revisiting the “Productivity-Hours Puzzle” in the RBC Paradigm: The Role of Investment Adjustment Costs
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (6)

2011

17. Policy Games with Liquidity Constrained Consumers
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods
18. Real Business Cycles with Capital Maintenance
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods

Journal Articles

2025

1. Monetary policy in the euro area: Active or passive?
   European Economic Review, 2025, 177, (C)
   See also Working Paper Monetary Policy in the Euro Area: Active or Passive?, Working Papers (2025) (2025)

2024

2. The (Ir)Relevance of Rule‐of‐Thumb Consumers for U.S. Business Cycle Fluctuations
   Journal of Money, Credit and Banking, 2024, 56, (4), 769-804 View citations (1)
   See also Working Paper The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations, Working Papers (2022) View citations (2) (2022)

2021

3. The public debt multiplier
   Journal of Economic Dynamics and Control, 2021, 132, (C) View citations (5)
   See also Working Paper The public debt multiplier, Papers (2020) View citations (1) (2020)

2020

4. Financial crises and sudden stops: Was the European monetary union crisis different?
   Economic Modelling, 2020, 93, (C), 13-26 View citations (4)

2019

5. Comparing post-crisis dynamics across Euro Area countries with the Global Multi-country model
   Economic Modelling, 2019, 81, (C), 242-273 View citations (8)
6. LIMITED ASSET MARKET PARTICIPATION AND THE EURO AREA CRISIS: AN EMPIRICAL DSGE MODEL
   Economic Inquiry, 2019, 57, (3), 1302-1323 View citations (16)
   See also Working Paper Limited Asset Market Participation and the Euro Area Crisis. An Empirical DSGE Model, Working Papers (2018) View citations (1) (2018)

2017

7. Great recession, slow recovery and muted fiscal policies in the US
   Journal of Economic Dynamics and Control, 2017, 81, (C), 140-161 View citations (16)
   See also Working Paper Great Recession, Slow Recovery and Muted Fiscal Policies in the US, Working Papers (2016) View citations (5) (2016)
8. Inflation bias and markup shocks in a LAMP model with strategic interaction of monetary and fiscal policy
   Journal of Macroeconomics, 2017, 52, (C), 39-55
   See also Working Paper Inflation Bias and Markup Shocks in a LAMP Model with Strategic Interaction of Monetary and Fiscal Policy, DEM Working Papers Series (2017) (2017)

2016

9. In search of the Euro area fiscal stance
   Journal of Empirical Finance, 2016, 39, (PB), 254-264 View citations (22)
   See also Working Paper In search of the Euro Area Fiscal Stance, Working Papers (2016) View citations (28) (2016)

2015

10. POLICY GAMES, DISTRIBUTIONAL CONFLICTS, AND THE OPTIMAL INFLATION
    Macroeconomic Dynamics, 2015, 19, (6), 1261-1293 View citations (8)

2014

11. Capital maintenance and depreciation over the business cycle
    Journal of Economic Dynamics and Control, 2014, 39, (C), 273-286 View citations (19)
    See also Working Paper Capital Maintenance and Depreciation over the Business Cycle, DEOS Working Papers (2013) (2013)