Details about Renato Faccini

Access statistics for papers by Renato Faccini.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pfa200

Working Papers

2024

1. On-the-Job Search and Inflation under the Microscope
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2023

2. Job-to-Job Mobility and Inflation
   Working Paper Series, Federal Reserve Bank of Chicago View citations (5)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)

2022

3. A Fiscal Theory of Persistent Inflation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article A Fiscal Theory of Persistent Inflation*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2023) View citations (25) (2023)
4. A Fiscal Theory of Trend Inflation
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

5. Bad Jobs and Low Inflation
   Working Paper Series, Federal Reserve Bank of Chicago View citations (8)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (3)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (3)
   Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (8)

2020

6. Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength
   Working Paper Series, Federal Reserve Bank of Chicago View citations (25)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (44)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (42)
   Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (42)
7. The Importance of Hiring Frictions in Business Cycles
   IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (2)
   Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (7)
   Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (6)
   See also Journal Article The importance of hiring frictions in business cycles, Quantitative Economics, Econometric Society (2022) View citations (2) (2022)

2019

8. News Uncertainty in Brexit U.K
   Discussion Papers, Centre for Macroeconomics (CFM)
9. Pigouvian Cycles
   2019 Meeting Papers, Society for Economic Dynamics
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   See also Journal Article Pigouvian Cycles, American Economic Journal: Macroeconomics, American Economic Association (2022) (2022)

2018

10. A New Predictor of US. Real Economic Activity: The S&P 500 Option Implied Risk Aversion
    Working Papers, Queen Mary University of London, School of Economics and Finance View citations (3)
    See also Journal Article A New Predictor of U.S. Real Economic Activity: The S&P 500 Option Implied Risk Aversion, Management Science, INFORMS (2019) View citations (9) (2019)
11. The Role of News about TFP in U.S. Recessions and Booms
    Working Paper Series, Federal Reserve Bank of Chicago

2017

12. The Hiring Frictions and Price Frictions Nexus in Business Cycles Models
    2017 Meeting Papers, Society for Economic Dynamics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (4)

2012

13. Labour market institutions and unemployment volatility: evidence from OECD countries
    Bank of England working papers, Bank of England View citations (17)

2011

14. Wage rigidities in an estimated DSGE model of the UK labour market
    Bank of England working papers, Bank of England View citations (16)

2010

15. Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
    Bank of England working papers, Bank of England View citations (5)
    See also Journal Article Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies, Journal of Economic Dynamics and Control, Elsevier (2012) View citations (12) (2012)

2008

16. Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks
    Economics Working Papers, European University Institute View citations (11)
    See also Journal Article Labor-market volatility in the search-and-matching model: The role of investment-specific technology shocks, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (14) (2010)
17. Reassessing Labor Market Reforms: Temporary Contracts as a Screening Device
    Economics Working Papers, European University Institute View citations (21)
    See also Journal Article Reassessing Labour Market Reforms: Temporary Contracts as a Screening Device, Economic Journal, Royal Economic Society (2014) View citations (78) (2014)

Journal Articles

2023

1. A Fiscal Theory of Persistent Inflation*
   The Quarterly Journal of Economics, 2023, 138, (4), 2127-2179 View citations (25)
   See also Working Paper A Fiscal Theory of Persistent Inflation, NBER Working Papers (2022) View citations (4) (2022)
2. Dissecting climate risks: Are they reflected in stock prices?
   Journal of Banking & Finance, 2023, 155, (C) View citations (87)

2022

3. Pigouvian Cycles
   American Economic Journal: Macroeconomics, 2022, 14, (2), 281-318
   See also Working Paper Pigouvian Cycles, 2019 Meeting Papers (2019) (2019)
4. The Effects of the “Great Resignation” on Labor Market Slack and Inflation
   Chicago Fed Letter, 2022, (465), 7
5. The importance of hiring frictions in business cycles
   Quantitative Economics, 2022, 13, (3), 1101-1143 View citations (2)
   See also Working Paper The Importance of Hiring Frictions in Business Cycles, IZA Discussion Papers (2020) View citations (2) (2020)

2021

6. News Uncertainty in Brexit United Kingdom
   American Economic Review: Insights, 2021, 3, (2), 149-64 View citations (5)

2019

7. A New Predictor of U.S. Real Economic Activity: The S&P 500 Option Implied Risk Aversion
   Management Science, 2019, 65, (10), 4927-4949 View citations (9)
   See also Working Paper A New Predictor of US. Real Economic Activity: The S&P 500 Option Implied Risk Aversion, Working Papers (2018) View citations (3) (2018)

2016

8. International fiscal spillovers
   Journal of International Economics, 2016, 99, (C), 31-45 View citations (38)

2014

9. Reassessing Labour Market Reforms: Temporary Contracts as a Screening Device
   Economic Journal, 2014, 124, (575), 167-200 View citations (78)
   See also Working Paper Reassessing Labor Market Reforms: Temporary Contracts as a Screening Device, Economics Working Papers (2008) View citations (21) (2008)

2013

10. Wage Rigidities in an Estimated Dynamic, Stochastic, General Equilibrium Model of the UK Labour Market
    Manchester School, 2013, 81, 66-99 View citations (40)

2012

11. Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
    Journal of Economic Dynamics and Control, 2012, 36, (2), 183-200 View citations (12)
    See also Working Paper Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies, Bank of England working papers (2010) View citations (5) (2010)

2010

12. Changes in output, employment and wages during recessions in the United Kingdom
    Bank of England Quarterly Bulletin, 2010, 50, (1), 43-50 View citations (13)
13. Labor-market volatility in the search-and-matching model: The role of investment-specific technology shocks
    Journal of Economic Dynamics and Control, 2010, 34, (8), 1509-1527 View citations (14)
    See also Working Paper Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks, Economics Working Papers (2008) View citations (11) (2008)