Details about Efrem Castelnuovo

Homepage:	https://sites.google.com/site/efremcastelnuovo/
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Workplace:	Dipartimento di Scienze Economiche e Aziendali "Marco Fanno" (Department of Economics and Management), Università degli Studi di Padova (University of Padua), (more information at EDIRC)

Access statistics for papers by Efrem Castelnuovo.

Last updated 2025-02-07. Update your information in the RePEc Author Service.

Short-id: pca74

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Working Papers

2024

1. Commodity Price Shocks and Global Cycles: Monetary Policy Matters
   CESifo Working Paper Series, CESifo
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2024)
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"
   Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration (2024)

2022

2. Delayed Overshooting Puzzle: Does Systematic Monetary Policy Matter?
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (6)
3. Sectoral Uncertainty
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in Staff Working Papers, Bank of Canada (2022)
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2022)
   CESifo Working Paper Series, CESifo (2022)
   See also Chapter Sectoral uncertainty, IFC Bulletins chapters, Bank for International Settlements (2024) (2024)
4. Uncertainty Before and During COVID-19: A Survey
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (13)
5. Uncertainty, Skewness and the Business Cycle - Through the MIDAS Lens
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (6)
   Also in CESifo Working Paper Series, CESifo (2022) View citations (4)
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2022) View citations (6)

2021

6. Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?
   Monash Economics Working Papers, Monash University, Department of Economics
   Also in Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (2020) View citations (2)
   CESifo Working Paper Series, CESifo (2020) View citations (2)
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (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)
   Bank of Finland Research Discussion Papers, Bank of Finland (2020)
   See also Journal Article Are Fiscal Multipliers Estimated with Proxy‐SVARs Robust?*, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2023) View citations (1) (2023)
7. GLOBAL UNCERTAINTY
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"
   Also in CESifo Working Paper Series, CESifo (2021)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021)
   Monash Economics Working Papers, Monash University, Department of Economics (2021)
   Bank of Finland Research Discussion Papers, Bank of Finland (2021) View citations (2)
8. UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (3)
   Also in CESifo Working Paper Series, CESifo (2021) View citations (3)
   Economics Working Papers, Department of Economics and Business Economics, Aarhus University (2021) View citations (3)
   See also Journal Article UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2023) View citations (4) (2023)
9. Why Does Risk Matter More in Recessions than in Expansions?
   "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (10)
   Also in Monash Economics Working Papers, Monash University, Department of Economics (2021) View citations (10)
   CESifo Working Paper Series, CESifo (2021) View citations (10)
   Bank of Finland Research Discussion Papers, Bank of Finland (2021) View citations (5)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021) View citations (6)
   Economics Working Papers, Department of Economics and Business Economics, Aarhus University (2021) View citations (10)

2020

10. Financial Uncertainty and Real Activity: The Good, the Bad, and the Ugly
    CESifo Working Paper Series, CESifo View citations (6)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2020) View citations (6)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (6)
    See also Journal Article Financial uncertainty and real activity: The good, the bad, and the ugly, European Economic Review, Elsevier (2021) View citations (30) (2021)
11. The Global Effects of Covid-19-Induced Uncertainty
    CESifo Working Paper Series, CESifo View citations (87)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2020) View citations (85)
    Bank of Finland Research Discussion Papers, Bank of Finland (2020) View citations (26)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (85)
    See also Journal Article The global effects of Covid-19-induced uncertainty, Economics Letters, Elsevier (2020) View citations (86) (2020)
12. Uncertainty and Monetary Policy During Extreme Events
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (6)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (6)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (6)
    Economics Working Papers, Department of Economics and Business Economics, Aarhus University (2020) View citations (6)
13. Uncertainty and Monetary Policy in Good and Bad Times: A Replication of the VAR Investigation by Bloom (2009)
    CESifo Working Paper Series, CESifo View citations (6)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2020) View citations (6)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (5)

2019

14. Domestic and Global Uncertainty: A Survey and Some New Results
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (39)
    Also in CESifo Working Paper Series, CESifo (2019) View citations (39)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2019) View citations (38)
15. Yield Curve and Financial Uncertainty: Evidence Based on US Data
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (7)
    Also in CESifo Working Paper Series, CESifo (2019) View citations (7)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2019) View citations (7)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2019) View citations (8)
    See also Journal Article Yield Curve and Financial Uncertainty: Evidence Based on US Data, Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research (2019) View citations (7) (2019)

2018

16. Economic Policy Uncertainty Spillovers in Booms and Busts
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (9)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) View citations (30)
    Working Paper series, Rimini Centre for Economic Analysis (2018) View citations (8)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) View citations (8)
    CESifo Working Paper Series, CESifo (2018) View citations (9)
    See also Journal Article Economic Policy Uncertainty Spillovers in Booms and Busts, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2020) View citations (70) (2020)
17. Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach
    CESifo Working Paper Series, CESifo View citations (2)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2016) View citations (8)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) View citations (187)
    See also Journal Article Economic policy uncertainty and unemployment in the United States: A nonlinear approach, Economics Letters, Elsevier (2017) View citations (207) (2017)
18. Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (2)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) View citations (128)
    Bank of Finland Research Discussion Papers, Bank of Finland (2017) View citations (29)
    CESifo Working Paper Series, CESifo (2017) View citations (135)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2015) View citations (32)
    See also Journal Article Estimating the real effects of uncertainty shocks at the Zero Lower Bound, European Economic Review, Elsevier (2017) View citations (120) (2017)
19. Google it up! A Google Trends-based Uncertainty Index for the United States and Australia
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"
    Also in MPRA Paper, University Library of Munich, Germany (2017) View citations (98)
    CESifo Working Paper Series, CESifo (2017) View citations (100)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) View citations (95)
    See also Journal Article Google It Up! A Google Trends-based Uncertainty index for the United States and Australia, Economics Letters, Elsevier (2017) View citations (100) (2017)
20. Liquidity Traps and Large-Scale Financial Crises
    CESifo Working Paper Series, CESifo
    Also in Post-Print, HAL (2017) View citations (1)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2016) View citations (1)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2018)
    See also Journal Article Liquidity traps and large-scale financial crises, Journal of Economic Dynamics and Control, Elsevier (2017) View citations (1) (2017)
21. Positive Trend In ation and Determinacy in a Medium-Sized New Keynesian Model
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (13)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2017) View citations (9)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2018) View citations (2)
    CESifo Working Paper Series, CESifo (2018) View citations (1)
    See also Journal Article Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model, International Journal of Central Banking, International Journal of Central Banking (2020) View citations (9) (2020)
22. Risk Management-Driven Policy Rate Gap
    CESifo Working Paper Series, CESifo View citations (11)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) View citations (10)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2018)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2018) View citations (11)
    See also Journal Article Risk management-driven policy rate gap, Economics Letters, Elsevier (2018) View citations (11) (2018)
23. Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2018) View citations (80)
    CESifo Working Paper Series, CESifo (2017) View citations (6)
    See also Journal Article Uncertainty-dependent effects of monetary policy shocks: A new-Keynesian interpretation, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (67) (2018)
24. What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
    CESifo Working Paper Series, CESifo View citations (2)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018) View citations (1)
    See also Journal Article What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers, Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research (2019) View citations (10) (2019)

2017

25. Uncertainty and Monetary Policy in Good and Bad Times
    CESifo Working Paper Series, CESifo View citations (53)
    Also in RBA Research Discussion Papers, Reserve Bank of Australia (2017) View citations (51)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2014) View citations (29)
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2017) View citations (52)
    Bank of Finland Research Discussion Papers, Bank of Finland (2017) View citations (3)

2016

26. Gimme a Break! Identification and Estimation of the Macroeconomic Effects of Monetary Policy Shocks in the U.S
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (3)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2014) View citations (1)
27. Modest Macroeconomic Effects of Monetary Policy Shocks during the Great Moderation: An Alternative Interpretation
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (9)
    See also Journal Article Modest macroeconomic effects of monetary policy shocks during the great moderation: An alternative interpretation, Journal of Macroeconomics, Elsevier (2016) View citations (8) (2016)

2015

28. Estimating Fiscal Multipliers:News From a Nonlinear World
    Department of Economics - Working Papers Series, The University of Melbourne View citations (103)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) View citations (8)
    See also Journal Article Estimating Fiscal Multipliers: News From A Non‐linear World, Economic Journal, Royal Economic Society (2015) View citations (164) (2015)
29. Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions
    Department of Economics - Working Papers Series, The University of Melbourne View citations (1)
    Also in Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne (2014) View citations (337)
    Post-Print, HAL (2014) View citations (54)
    See also Journal Article Uncertainty shocks and unemployment dynamics in U.S. recessions, Journal of Monetary Economics, Elsevier (2014) View citations (298) (2014)

2014

30. Estimating fiscal multipliers: evidence from a nonlinear world
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (53)
31. Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from a Robust Test
    Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne View citations (7)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2013) View citations (2)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2014) View citations (1)
    See also Journal Article Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from A Robust Test, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2015) View citations (20) (2015)
32. Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

2013

33. Uncertainty Shocks and Unemployment Dynamics: An Analysis of Post-WWII U.S. Recessions
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (29)

2012

34. Fitting U.S. Trend Inflation: A Rolling-Window Approach
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (10)
    See also Chapter Fitting U.S. Trend Inflation: A Rolling-Window Approach, Advances in Econometrics, Emerald Group Publishing Limited (2012) (2012)
35. Monetary Policy Neutrality: Sign Restrictions Go to Monte Carlo
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (13)
36. What does a monetary policy shock do? An international analysis with multiple filters
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (1)
    See also Journal Article What does a Monetary Policy Shock Do? An International Analysis with Multiple Filters, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2013) View citations (10) (2013)

2011

37. Monetary policy indeterminacy in the U.S.: results from a classical test
    Quaderni di Dipartimento, Department of Statistics, University of Bologna View citations (2)
38. Trend Inflation, Wage Indexation, and Determinacy in the U.S
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (15)

2010

39. Calvo vs. Rotemberg in a Trend Inflation World: An Empirical Investigation
    Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods View citations (8)
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2010) View citations (3)
    See also Journal Article Calvo vs. Rotemberg in a trend inflation world: An empirical investigation, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (79) (2011)
40. Policy Rules, Regime Switches, and Trend Inflation: An Empirical Investigation for the U.S
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna
    Also in "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2010) View citations (11)
41. Regime Shifts and the Stability of Backward Looking Phillips Curves in Open Economies
    EcoMod2004, EcoMod
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004)
    Macroeconomics, University Library of Munich, Germany (2005)
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" (2006)
    See also Journal Article Regime shifts and the stability of backward-looking Phillips curves in open economies, Journal of International Money and Finance, Elsevier (2008) View citations (5) (2008)
42. Stock Market Conditions and Monetary Policy in a DSGE Model for the U.S
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (90)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2010) View citations (11)
    Post-Print, HAL (2010) View citations (101)
    See also Journal Article Stock market conditions and monetary policy in a DSGE model for the U.S, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (92) (2010)

2009

43. Estimating a NKBC Model for the U.S. Economy with Multiple Filters
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"
44. Estimating the Evolution of Money's Role in the U.S. Monetary Business Cycle
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (3)
    See also Journal Article Estimating the Evolution of Money’s Role in the U.S. Monetary Business Cycle, Journal of Money, Credit and Banking, Blackwell Publishing (2012) View citations (3) (2012)
45. Monetary Policy, Inflation Expectations and the Price Puzzle
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (10)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2009) View citations (1)
    See also Journal Article Monetary Policy, Inflation Expectations and The Price Puzzle, Economic Journal, Royal Economic Society (2010) View citations (138) (2010)
46. Testing the structural interpretation of the price puzzle with a cost channel model
    Bank of Finland Research Discussion Papers, Bank of Finland
    See also Journal Article Testing the Structural Interpretation of the Price Puzzle with a Cost-Channel Model, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2012) View citations (29) (2012)

2008

47. Estimating regime-switching Taylor rules with trend inflation
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (1)
48. Long Memory and Non-Linearities in International Inflation
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"

2006

49. Assessing Different Drivers of the GreatModeration in the U.S
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (3)
50. Monetary Policy Switch, the Taylor Curve, and the Great Moderation
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (5)
51. The Price Puzzle: Fact or Artifact?
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno" View citations (18)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (7)
    Bank of England working papers, Bank of England (2006) View citations (33)
52. Tracking U.S. Inflation Expectations with Domestic and Global Indicators
    "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno"
    See also Journal Article Tracking U.S. inflation expectations with domestic and global indicators, Journal of International Money and Finance, Elsevier (2010) View citations (9) (2010)

2005

53. The Price Puzzle and Indeterminacy
    Macroeconomics, University Library of Munich, Germany View citations (8)

2004

54. Describing the Fed's conduct with simple Taylor rules: is interest rate smoothing important?
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group View citations (3)
55. Taylor rules, omitted variables, and interest rate smoothing in the US
    Macroeconomics, University Library of Munich, Germany View citations (1)
    See also Journal Article Taylor rules, omitted variables, and interest rate smoothing in the US, Economics Letters, Elsevier (2003) View citations (65) (2003)

2003

56. Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations
    Working Paper Series, European Central Bank View citations (89)
57. Describing the Fed's conduct with Taylor rules: is interest rate smoothing important?
    Working Paper Series, European Central Bank View citations (22)
58. Learning by Doing vs Learning by Researching in a Model of Climate Change Policy Analysis
    Working Papers, Fondazione Eni Enrico Mattei View citations (14)
    See also Journal Article Learning-by-Doing vs. Learning by Researching in a model of climate change policy analysis, Ecological Economics, Elsevier (2005) View citations (21) (2005)
59. Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model
    Working Papers, Fondazione Eni Enrico Mattei View citations (9)
    Also in Macroeconomics, University Library of Munich, Germany (2002) View citations (2)
60. Taylor Rules and Interest Rate Smoothing in the US and EMU
    Macroeconomics, University Library of Munich, Germany View citations (11)
61. Why are Federal Funds Rates so Smooth?
    Royal Economic Society Annual Conference 2003, Royal Economic Society

2000

62. Emission Trading Restrictions with Endogenous Technological Change
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    See also Journal Article Emission Trading Restrictions with Endogenous Technological Change, International Environmental Agreements: Politics, Law and Economics, Springer (2001) View citations (18) (2001)

Journal Articles

2024

1. Does risk matter more in recessions than in expansions? Implications for monetary policy
   Journal of Monetary Economics, 2024, 143, (C) View citations (3)

2023

2. Are Fiscal Multipliers Estimated with Proxy‐SVARs Robust?*
   Oxford Bulletin of Economics and Statistics, 2023, 85, (1), 95-122 View citations (1)
   See also Working Paper Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?, Monash Economics Working Papers (2021) (2021)
3. Global financial uncertainty
   Journal of Applied Econometrics, 2023, 38, (3), 432-449 View citations (7)
4. UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION
   International Economic Review, 2023, 64, (2), 577-606 View citations (4)
   See also Working Paper UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION, "Marco Fanno" Working Papers (2021) View citations (3) (2021)

2022

5. Uncertainty and monetary policy in good and bad times: A replication of the vector autoregressive investigation by Bloom (2009)
   Journal of Applied Econometrics, 2022, 37, (1), 210-217 View citations (12)

2021

6. Financial uncertainty and real activity: The good, the bad, and the ugly
   European Economic Review, 2021, 136, (C) View citations (30)
   See also Working Paper Financial Uncertainty and Real Activity: The Good, the Bad, and the Ugly, CESifo Working Paper Series (2020) View citations (6) (2020)
7. Uncertainty shocks and the great recession: Nonlinearities matter
   Economics Letters, 2021, 198, (C) View citations (17)

2020

8. Economic Policy Uncertainty Spillovers in Booms and Busts
   Oxford Bulletin of Economics and Statistics, 2020, 82, (1), 125-155 View citations (70)
   See also Working Paper Economic Policy Uncertainty Spillovers in Booms and Busts, "Marco Fanno" Working Papers (2018) View citations (9) (2018)
9. Introduction
   Australian Economic Review, 2020, 53, (3), 395-396
10. Policy Forum: Macroeconomic Policies and the Business Cycle: Evidence and Recommendations
    Australian Economic Review, 2020, 53, (1), 93-94
11. Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model
    International Journal of Central Banking, 2020, 16, (3), 51-94 View citations (9)
    See also Working Paper Positive Trend In ation and Determinacy in a Medium-Sized New Keynesian Model, "Marco Fanno" Working Papers (2018) View citations (13) (2018)
12. The global effects of Covid-19-induced uncertainty
    Economics Letters, 2020, 194, (C) View citations (86)
    See also Working Paper The Global Effects of Covid-19-Induced Uncertainty, CESifo Working Paper Series (2020) View citations (87) (2020)

2019

13. Introduction
    Australian Economic Review, 2019, 52, (3), 321-322
14. Introduction
    Australian Economic Review, 2019, 52, (1), 76-77
15. What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers
    Australian Economic Review, 2019, 52, (1), 78-93 View citations (10)
    See also Working Paper What Do We Know about the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers, CESifo Working Paper Series (2018) View citations (2) (2018)
16. Yield Curve and Financial Uncertainty: Evidence Based on US Data
    Australian Economic Review, 2019, 52, (3), 323-335 View citations (7)
    See also Working Paper Yield Curve and Financial Uncertainty: Evidence Based on US Data, Melbourne Institute Working Paper Series (2019) View citations (7) (2019)

2018

17. GIMME A BREAK! IDENTIFICATION AND ESTIMATION OF THE MACROECONOMIC EFFECTS OF MONETARY POLICY SHOCKS IN THE UNITED STATES
    Macroeconomic Dynamics, 2018, 22, (6), 1613-1651 View citations (5)
18. Introduction
    Australian Economic Review, 2018, 51, (4), 512-513
19. Introduction to the Policy Forum: Macroeconomic Policies after the Global Financial Crisis
    Australian Economic Review, 2018, 51, (1), 68-69
20. Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?
    Australian Economic Review, 2018, 51, (1), 70-86 View citations (1)
21. Risk management-driven policy rate gap
    Economics Letters, 2018, 171, (C), 235-238 View citations (11)
    See also Working Paper Risk Management-Driven Policy Rate Gap, CESifo Working Paper Series (2018) View citations (11) (2018)
22. Uncertainty-dependent effects of monetary policy shocks: A new-Keynesian interpretation
    Journal of Economic Dynamics and Control, 2018, 93, (C), 277-296 View citations (67)
    See also Working Paper Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation, Melbourne Institute Working Paper Series (2018) (2018)

2017

23. A Short Review of the Recent Literature on Uncertainty
    Australian Economic Review, 2017, 50, (1), 68-78 View citations (52)
24. Economic policy uncertainty and unemployment in the United States: A nonlinear approach
    Economics Letters, 2017, 151, (C), 31-34 View citations (207)
    See also Working Paper Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach, CESifo Working Paper Series (2018) View citations (2) (2018)
25. Estimating the real effects of uncertainty shocks at the Zero Lower Bound
    European Economic Review, 2017, 100, (C), 257-272 View citations (120)
    See also Working Paper Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound, "Marco Fanno" Working Papers (2018) View citations (2) (2018)
26. Google It Up! A Google Trends-based Uncertainty index for the United States and Australia
    Economics Letters, 2017, 161, (C), 149-153 View citations (100)
    See also Working Paper Google it up! A Google Trends-based Uncertainty Index for the United States and Australia, "Marco Fanno" Working Papers (2018) (2018)
27. Introduction
    Australian Economic Review, 2017, 50, (1), 66-67
28. Liquidity traps and large-scale financial crises
    Journal of Economic Dynamics and Control, 2017, 81, (C), 99-114 View citations (1)
    See also Working Paper Liquidity Traps and Large-Scale Financial Crises, CESifo Working Paper Series (2018) (2018)

2016

29. Introduction to the Policy Forum: Macroeconomic Consequences of Macroprudential Policies
    Australian Economic Review, 2016, 49, (1), 77-82 View citations (2)
30. Modest macroeconomic effects of monetary policy shocks during the great moderation: An alternative interpretation
    Journal of Macroeconomics, 2016, 47, (PB), 300-314 View citations (8)
    See also Working Paper Modest Macroeconomic Effects of Monetary Policy Shocks during the Great Moderation: An Alternative Interpretation, Melbourne Institute Working Paper Series (2016) View citations (9) (2016)
31. Monetary policy shocks and Cholesky VARs: an assessment for the Euro area
    Empirical Economics, 2016, 50, (2), 383-414 View citations (5)

2015

32. Estimating Fiscal Multipliers: News From A Non‐linear World
    Economic Journal, 2015, (584), 746-776 View citations (164)
    See also Working Paper Estimating Fiscal Multipliers:News From a Nonlinear World, Department of Economics - Working Papers Series (2015) View citations (103) (2015)
33. Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from A Robust Test
    Journal of Applied Econometrics, 2015, 30, (6), 924-947 View citations (20)
    See also Working Paper Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from a Robust Test, Melbourne Institute Working Paper Series (2014) View citations (7) (2014)

2014

34. POLICY RULES, REGIME SWITCHES, AND TREND INFLATION: AN EMPIRICAL INVESTIGATION FOR THE UNITED STATES
    Macroeconomic Dynamics, 2014, 18, (4), 920-942 View citations (13)
35. Uncertainty shocks and unemployment dynamics in U.S. recessions
    Journal of Monetary Economics, 2014, 67, (C), 78-92 View citations (298)
    See also Working Paper Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions, Department of Economics - Working Papers Series (2015) View citations (1) (2015)

2013

36. Monetary policy shocks and financial conditions: A Monte Carlo experiment
    Journal of International Money and Finance, 2013, 32, (C), 282-303 View citations (14)
37. What does a Monetary Policy Shock Do? An International Analysis with Multiple Filters
    Oxford Bulletin of Economics and Statistics, 2013, 75, (5), 759-784 View citations (10)
    See also Working Paper What does a monetary policy shock do? An international analysis with multiple filters, "Marco Fanno" Working Papers (2012) View citations (1) (2012)

2012

38. Estimating the Evolution of Money’s Role in the U.S. Monetary Business Cycle
    Journal of Money, Credit and Banking, 2012, 44, (1), 23-52 View citations (3)
    Also in Journal of Money, Credit and Banking, 2012, 44, (1), 23-52 (2012) View citations (53)
    See also Working Paper Estimating the Evolution of Money's Role in the U.S. Monetary Business Cycle, "Marco Fanno" Working Papers (2009) View citations (3) (2009)
39. POLICY SWITCH AND THE GREAT MODERATION: THE ROLE OF EQUILIBRIUM SELECTION
    Macroeconomic Dynamics, 2012, 16, (3), 449-471 View citations (7)
40. Testing the Structural Interpretation of the Price Puzzle with a Cost-Channel Model
    Oxford Bulletin of Economics and Statistics, 2012, 74, (3), 425-452 View citations (29)
    See also Working Paper Testing the structural interpretation of the price puzzle with a cost channel model, Bank of Finland Research Discussion Papers (2009) (2009)

2011

41. Calvo vs. Rotemberg in a trend inflation world: An empirical investigation
    Journal of Economic Dynamics and Control, 2011, 35, (11), 1852-1867 View citations (79)
    See also Working Paper Calvo vs. Rotemberg in a Trend Inflation World: An Empirical Investigation, Quaderni di Dipartimento (2010) View citations (8) (2010)
42. On the dynamics of international inflation
    Economics Letters, 2011, 112, (2), 189-191 View citations (6)

2010

43. Monetary Policy, Inflation Expectations and The Price Puzzle
    Economic Journal, 2010, 120, (549), 1262-1283 View citations (138)
    See also Working Paper Monetary Policy, Inflation Expectations and the Price Puzzle, "Marco Fanno" Working Papers (2009) View citations (10) (2009)
44. Stock market conditions and monetary policy in a DSGE model for the U.S
    Journal of Economic Dynamics and Control, 2010, 34, (9), 1700-1731 View citations (92)
    See also Working Paper Stock Market Conditions and Monetary Policy in a DSGE Model for the U.S, "Marco Fanno" Working Papers (2010) View citations (90) (2010)
45. Tracking U.S. inflation expectations with domestic and global indicators
    Journal of International Money and Finance, 2010, 29, (7), 1340-1356 View citations (9)
    See also Working Paper Tracking U.S. Inflation Expectations with Domestic and Global Indicators, "Marco Fanno" Working Papers (2006) (2006)
46. Trend inflation and macroeconomic volatilities in the post-WWII U.S. economy
    The North American Journal of Economics and Finance, 2010, 21, (1), 19-33 View citations (20)

2008

47. Regime shifts and the stability of backward-looking Phillips curves in open economies
    Journal of International Money and Finance, 2008, 27, (1), 40-53 View citations (5)
    See also Working Paper Regime Shifts and the Stability of Backward Looking Phillips Curves in Open Economies, EcoMod2004 (2010) (2010)

2007

48. TAYLOR RULES AND INTEREST RATE SMOOTHING IN THE EURO AREA*
    Manchester School, 2007, 75, (1), 1-16 View citations (53)

2006

49. The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification?
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 22 View citations (11)

2005

50. Learning-by-Doing vs. Learning by Researching in a model of climate change policy analysis
    Ecological Economics, 2005, 54, (2-3), 261-276 View citations (21)
    See also Working Paper Learning by Doing vs Learning by Researching in a Model of Climate Change Policy Analysis, Working Papers (2003) View citations (14) (2003)

2004

51. Model Uncertainty, Optimal Monetary Policy and the Preferences of the Fed
    Scottish Journal of Political Economy, 2004, 51, (1), 105-126 View citations (46)

2003

52. Taylor rules, omitted variables, and interest rate smoothing in the US
    Economics Letters, 2003, 81, (1), 55-59 View citations (65)
    See also Working Paper Taylor rules, omitted variables, and interest rate smoothing in the US, Macroeconomics (2004) View citations (1) (2004)

2001

53. Emission Trading Restrictions with Endogenous Technological Change
    International Environmental Agreements: Politics, Law and Economics, 2001, 1, (3), 379-395 View citations (18)
    See also Working Paper Emission Trading Restrictions with Endogenous Technological Change, CEPR Discussion Papers (2000) View citations (11) (2000)

Chapters

2024

1. Sectoral uncertainty
   A chapter in Granular data: new horizons and challenges, 2024, vol. 61
   See also Working Paper Sectoral Uncertainty, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2022) (2022)

2012

2. Fitting U.S. Trend Inflation: A Rolling-Window Approach
   A chapter in DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments, 2012, pp 201-252
   See also Working Paper Fitting U.S. Trend Inflation: A Rolling-Window Approach, Dipartimento di Scienze Economiche "Marco Fanno" (2012) View citations (10) (2012)