Details about Marco Bernardini

Access statistics for papers by Marco Bernardini.

Last updated 2025-07-04. Update your information in the RePEc Author Service.

Short-id: pbe1082

Working Papers

2025

1. Report on monetary policy tools, strategy and communication
   Occasional Paper Series, European Central Bank

2024

2. Real interest rates and the ECB's monetary policy stance
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area

2023

3. Announcement and implementation effects of central bank asset purchases
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
4. Out of the ELB: expected ECB policy rates and the Taylor rule
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (2)
   See also Journal Article Out of the ELB: Expected ECB policy rates and the Taylor rule, Economics Letters, Elsevier (2024) View citations (2) (2024)

2020

5. The market stabilization role of central bank asset purchases: high-frequency evidence from the COVID-19 crisis
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (9)
   See also Journal Article The market stabilization role of central bank asset purchases: High-frequency evidence from the COVID-19 crisis, Journal of International Money and Finance, Elsevier (2025) (2025)

2019

6. Corporate Leverage and Monetary Policy Effectiveness in the Euro Area
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (10)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (10)
   See also Journal Article Corporate leverage and monetary policy effectiveness in the euro area, European Economic Review, Elsevier (2021) View citations (13) (2021)

2017

7. HETEROGENEOUS GOVERNMENT SPENDING MULTIPLIERS IN THE ERA SURROUNDING THE GREAT RECESSION
   Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration View citations (4)
   Also in CESifo Working Paper Series, CESifo (2017) View citations (4)
   See also Journal Article Heterogeneous Government Spending Multipliers in the Era Surrounding the Great Recession, The Review of Economics and Statistics, MIT Press (2020) View citations (29) (2020)
8. Private and Public Debt: Are Emerging Markets at Risk?
   IMF Working Papers, International Monetary Fund View citations (12)

2015

9. PRIVATE DEBT OVERHANG AND THE GOVERNMENT SPENDING MULTIPLIER: EVIDENCE FOR THE UNITED STATES
   Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration View citations (21)
   Also in CESifo Working Paper Series, CESifo (2015) View citations (19)
   See also Journal Article Private debt overhang and the government spending multiplier: Evidence for the United States, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2018) View citations (52) (2018)

Journal Articles

2025

1. The market stabilization role of central bank asset purchases: High-frequency evidence from the COVID-19 crisis
   Journal of International Money and Finance, 2025, 152, (C)
   See also Working Paper The market stabilization role of central bank asset purchases: high-frequency evidence from the COVID-19 crisis, Temi di discussione (Economic working papers) (2020) View citations (9) (2020)

2024

2. Out of the ELB: Expected ECB policy rates and the Taylor rule
   Economics Letters, 2024, 235, (C) View citations (2)
   See also Working Paper Out of the ELB: expected ECB policy rates and the Taylor rule, Questioni di Economia e Finanza (Occasional Papers) (2023) View citations (2) (2023)

2021

3. Corporate leverage and monetary policy effectiveness in the euro area
   European Economic Review, 2021, 140, (C) View citations (13)
   See also Working Paper Corporate Leverage and Monetary Policy Effectiveness in the Euro Area, Temi di discussione (Economic working papers) (2019) View citations (10) (2019)

2020

4. Heterogeneous Government Spending Multipliers in the Era Surrounding the Great Recession
   The Review of Economics and Statistics, 2020, 102, (2), 304-322 View citations (29)
   See also Working Paper HETEROGENEOUS GOVERNMENT SPENDING MULTIPLIERS IN THE ERA SURROUNDING THE GREAT RECESSION, Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium (2017) View citations (4) (2017)
5. Private and public debt interlinkages in bad times
   Journal of International Money and Finance, 2020, 109, (C) View citations (26)

2018

6. Private debt overhang and the government spending multiplier: Evidence for the United States
   Journal of Applied Econometrics, 2018, 33, (4), 485-508 View citations (52)
   See also Working Paper PRIVATE DEBT OVERHANG AND THE GOVERNMENT SPENDING MULTIPLIER: EVIDENCE FOR THE UNITED STATES, Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium (2015) View citations (21) (2015)