Details about Michele Lenza

Access statistics for papers by Michele Lenza.

Last updated 2021-11-22. Update your information in the RePEc Author Service.

Short-id: ple337

Working Papers

2021

1. Economic predictions with big data: the illusion of sparsity
   Working Paper Series, European Central Bank View citations (10)
   Also in Liberty Street Economics, Federal Reserve Bank of New York (2018) View citations (15)
   Staff Reports, Federal Reserve Bank of New York (2018) View citations (16)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (19)
   See also Journal Article in Econometrica (2021)
2. How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, European Central Bank (2018) View citations (40)
3. Nowcasting with Large Bayesian Vector Autoregressions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in Working Paper Series, European Central Bank (2020) View citations (8)

2020

4. How to Estimate a VAR after March 2020
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (38)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (74)
   Working Paper Series, European Central Bank (2020) View citations (74)
5. What's up with the Phillips Curve?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   Also in Liberty Street Economics, Federal Reserve Bank of New York (2020) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)
   Working Paper Series, European Central Bank (2020) View citations (2)

2019

6. Interbank rate uncertainty and bank lending
   Working Paper Series, European Central Bank View citations (6)
7. Mind the gap: a multi-country BVAR benchmark for the Eurosystem projections
   Working Paper Series, European Central Bank View citations (10)
   See also Journal Article in International Journal of Forecasting (2019)
8. Money, credit, monetary policy and the business cycle in the euro area: what has changed since the crisis?
   Working Paper Series, European Central Bank View citations (5)
   Also in Staff Reports, Federal Reserve Bank of New York (2019) View citations (3)
   See also Journal Article in International Journal of Central Banking (2019)

2018

9. Priors for the long run
   Working Paper Series, European Central Bank View citations (12)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (5)
   Staff Reports, Federal Reserve Bank of New York (2017) View citations (2)
   See also Journal Article in Journal of the American Statistical Association (2019)

2016

10. An inflation-predicting measure of the output gap in the euro area
    Working Paper Series, European Central Bank View citations (14)
    See also Journal Article in Journal of Money, Credit and Banking (2018)

2015

11. Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (11)
    See also Chapter (2016)

2014

12. Conditional Forecasts and Scenario Analysis with Vector Autoregressions for Large Cross-Sections
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles View citations (19)
    Also in Working Paper Series, European Central Bank (2014) View citations (16)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (9)
    See also Journal Article in International Journal of Forecasting (2015)
13. The Financial and Macroeconomic Effects of OMT Announcements
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles View citations (120)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (68)
    Working Paper Series, European Central Bank (2014) View citations (119)
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2014) View citations (116)
    See also Journal Article in International Journal of Central Banking (2016)

2013

14. Corporate finance and economic activity in the euro area
    Occasional Paper Series, European Central Bank View citations (19)

2012

15. Money, Credit, Monetary Policy and the Business Cycle in the Euro Area
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles View citations (52)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (37)
16. Prior Selection for Vector Autoregressions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (45)
    Also in Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2012) View citations (102)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (89)
    Working Paper Series, European Central Bank (2012) View citations (82)
    See also Journal Article in The Review of Economics and Statistics (2015)
17. The ECB and the Interbank Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (77)
    Also in Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2012) View citations (81)
    Working Paper Series, European Central Bank (2012) View citations (80)
    See also Journal Article in Economic Journal (2012)

2011

18. Market freedom and the global recession
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (69)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (32)
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2010) View citations (42)
    See also Journal Article in IMF Economic Review (2011)
19. Non-standard monetary policy measures and monetary developments
    Working Paper Series, European Central Bank View citations (51)
    Also in Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2010) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (14)
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2010) View citations (9)

2010

20. Monetary policy in exceptional times
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (186)
    Also in Working Paper Series, European Central Bank (2010) View citations (233)
    See also Journal Article in Economic Policy (2010)
21. Prior Selection for Bayesian VARs
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)
22. Short-Term Inflation Projections: a Bayesian Vector Autoregressive approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (60)
    Also in Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2010) View citations (59)
    See also Journal Article in International Journal of Forecasting (2014)

2009

23. Business Cycles in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
    Also in Working Papers ECARES, ULB -- Universite Libre de Bruxelles (2008) View citations (53)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (62)
    See also Journal Article in Research Bulletin (2009)
    Chapter (2010)
24. The Feldstein-Horioka Fact
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles View citations (26)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (12)
    Working Paper Series, European Central Bank (2008) View citations (10)
    See also Chapter (2010)
    Journal Article in NBER International Seminar on Macroeconomics (2010)

2008

25. Explaining the Great Moderation: it is not the shocks
    Working Paper Series, European Central Bank View citations (107)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (11)
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles (2008) View citations (87)
    See also Journal Article in Journal of the European Economic Association (2008)

2007

26. Essays on monetary policy, saving and investment
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
27. Monetary policy and core inflation
    Working Paper Series, European Central Bank View citations (1)
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2007) View citations (1)

Journal Articles

2021

1. Economic Predictions With Big Data: The Illusion of Sparsity
   Econometrica, 2021, 89, (5), 2409-2437 View citations (9)
   See also Working Paper (2021)

2020

2. Why has inflation in the United States been so stable since the 1990s?
   Research Bulletin, 2020, 74

2019

3. Mind the gap: A multi-country BVAR benchmark for the Eurosystem projections
   International Journal of Forecasting, 2019, 35, (4), 1658-1668 View citations (9)
   See also Working Paper (2019)
4. Money, Credit, Monetary Policy, and the Business Cycle in the Euro Area: What Has Changed Since the Crisis?
   International Journal of Central Banking, 2019, 15, (5), 137-173 View citations (4)
   See also Working Paper (2019)
5. Priors for the Long Run
   Journal of the American Statistical Association, 2019, 114, (526), 565-580 View citations (19)
   See also Working Paper (2018)
6. Quantitative easing did not increase inequality in the euro area
   Research Bulletin, 2019, 54 View citations (2)

2018

7. An Inflation‐Predicting Measure of the Output Gap in the Euro Area
   Journal of Money, Credit and Banking, 2018, 50, (6), 1189-1224 View citations (59)
   See also Working Paper (2016)
8. Measures of underlying inflation for the euro area
   Economic Bulletin Articles, 2018, 4 View citations (9)

2017

9. The national segmentation of euro area bank balance sheets during the financial crisis
   Empirical Economics, 2017, 53, (1), 247-265 View citations (13)

2016

10. How large is the output gap in the euro area
    Research Bulletin, 2016, 24 View citations (1)
11. The Financial and Macroeconomic Effects of the OMT Announcements
    International Journal of Central Banking, 2016, 12, (3), 29-57 View citations (78)
    Also in Research Bulletin, 2015, 22, 12-16 (2015) View citations (2)
    See also Working Paper (2014)

2015

12. Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections
    International Journal of Forecasting, 2015, 31, (3), 739-756 View citations (87)
    See also Working Paper (2014)
13. Prior Selection for Vector Autoregressions
    The Review of Economics and Statistics, 2015, 97, (2), 436-451 View citations (334)
    See also Working Paper (2012)

2014

14. Short-term inflation projections: A Bayesian vector autoregressive approach
    International Journal of Forecasting, 2014, 30, (3), 635-644 View citations (69)
    See also Working Paper (2010)

2012

15. The ECB and the Interbank Market
    Economic Journal, 2012, 122, (564), F467-F486 View citations (81)
    See also Working Paper (2012)

2011

16. A Factor Model for Euro-area Short-term Inflation Analysis
    Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2011, 231, (1), 50-62 View citations (5)
17. Market Freedom and the Global Recession
    IMF Economic Review, 2011, 59, (1), 111-135 View citations (75)
    See also Working Paper (2011)
18. Revisiting the information content of core inflation
    Research Bulletin, 2011, 14, 11-13 View citations (1)

2010

19. Enhancing monetary analysis
    Research Bulletin, 2010, 11, 2-6 View citations (4)
20. Monetary policy in exceptional times
    (Preventing deflation: Lessons from Japan’s experience in the 1990s)
    Economic Policy, 2010, 25, (62), 295-339 View citations (191)
    See also Working Paper (2010)
21. The Feldstein-Horioka Fact
    NBER International Seminar on Macroeconomics, 2010, 6, (1), 103 - 117 View citations (14)
    See also Working Paper (2009)
    Chapter (2010)

2009

22. Business cycles in the euro area
    Research Bulletin, 2009, 8, 5-7 View citations (40)
    See also Working Paper (2009)
    Chapter (2010)
23. Monetary analysis and monetary policy in the euro area 1999-2006
    Journal of International Money and Finance, 2009, 28, (7), 1138-1164 View citations (26)

2008

24. Explaining The Great Moderation: It Is Not The Shocks
    Journal of the European Economic Association, 2008, 6, (2-3), 621-633 View citations (95)
    See also Working Paper (2008)

Chapters

2016

1. Nowcasting Business Cycles: A Bayesian Approach to Dynamic Heterogeneous Factor Models
   A chapter in Dynamic Factor Models, 2016, vol. 35, pp 569-594 View citations (12)
   See also Working Paper (2015)

2013

2. Cross-border banking transactions in the euro area
   A chapter in Proceedings of the Sixth IFC Conference on "Statistical issues and activities in a changing environment", Basel, 28-29 August 2012., 2013, vol. 36, pp 518-531 View citations (11)

2011

3. MACROPRUDENTIAL POLICY AND MONETARY POLICY: SOME LESSONS FROM THE EURO AREA
   Chapter 8 in Macroprudential Regulatory Policies The New Road to Financial Stability?, 2011, pp 103-119

2010

4. Business Cycles in the Euro Area
   A chapter in Europe and the Euro, 2010, pp 141-167 View citations (80)
   See also Working Paper (2009)
   Journal Article in Research Bulletin (2009)
5. The Feldstein-Horioka Fact
   A chapter in NBER International Seminar on Macroeconomics 2009, 2010, pp 103-117 View citations (14)
   See also Journal Article in NBER International Seminar on Macroeconomics (2010)
   Working Paper (2009)