Details about Fabio Milani

Access statistics for papers by Fabio Milani.

Last updated 2022-07-06. Update your information in the RePEc Author Service.

Short-id: pmi35

Working Papers

2021

1. Behavioral New Keynesian Models: Learning vs. Cognitive Discounting
   CESifo Working Paper Series, CESifo
   Also in Working Papers, University of California-Irvine, Department of Economics (2021)
2. Heterogeneity in Individual Expectations, Sentiment, and Constant-Gain Learning
   Working Papers and Research, Marquette University, Center for Global and Economic Studies and Department of Economics View citations (2)
   Also in Working Papers, University of California-Irvine, Department of Economics (2020) View citations (3)
   CESifo Working Paper Series, CESifo (2020) View citations (1)
   See also Journal Article in Journal of Economic Behavior & Organization (2021)

2020

3. COVID-19 Outbreak, Social Response, and Early Economic Effects: A Global VAR Analysis of Cross-Country Interdependencies
   Working Papers, University of California-Irvine, Department of Economics View citations (17)
   Also in CESifo Working Paper Series, CESifo (2020) View citations (19)
   GLO Discussion Paper Series, Global Labor Organization (GLO) (2020) View citations (15)
   See also Journal Article in Journal of Population Economics (2021)
4. Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles
   Working Papers, University of California-Irvine, Department of Economics
   Also in CESifo Working Paper Series, CESifo (2020)
   See also Journal Article in Journal of Macroeconomics (2021)
5. Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle
   CESifo Working Paper Series, CESifo View citations (2)
   Also in Working Papers, University of California-Irvine, Department of Economics (2020) View citations (2)
   See also Journal Article in Journal of Economic Behavior & Organization (2020)

2019

6. Bounded Rationality, Monetary Policy, and Macroeconomic Stability
   Working Papers, University of California-Irvine, Department of Economics View citations (5)
   Also in CESifo Working Paper Series, CESifo (2019)
   See also Journal Article in Economics Letters (2020)

2016

7. The Misspecification of Expectations in New Keynesian Models: A DSGE-VAR Approach
   CESifo Working Paper Series, CESifo View citations (8)
   Also in Working Papers, University of California-Irvine, Department of Economics (2014) View citations (14)
   See also Journal Article in Macroeconomic Dynamics (2019)

2014

8. Sentiment and the U.S. Business Cycle
   2014 Meeting Papers, Society for Economic Dynamics View citations (8)
   Also in Working Papers, University of California-Irvine, Department of Economics (2014) View citations (23)
   See also Journal Article in Journal of Economic Dynamics and Control (2017)
9. The Effects of Globalization on Macroeconomic Dynamics in a Trade-Dependent Economy: the Case of Korea
   Working Papers, Economic Research Institute, Bank of Korea
   Also in Working Papers, University of California-Irvine, Department of Economics (2013)
   See also Journal Article in Economic Modelling (2015)

2012

10. Expectation Formation and Monetary DSGE Models: Beyond the Rational Expectations Paradigm
    Working Papers, University of California-Irvine, Department of Economics View citations (21)
11. Observed Expectations, News Shocks, and the Business Cycle
    Working Papers, University of California-Irvine, Department of Economics View citations (25)
    See also Journal Article in Research in Economics (2020)
12. The Modeling of Expectations in Empirical DSGE Models: a Survey
    Working Papers, University of California-Irvine, Department of Economics View citations (37)

2011

13. The Effects of Monetary Policy "News" and "Surprises"
    Working Papers, University of California-Irvine, Department of Economics View citations (15)
    See also Journal Article in Journal of Money, Credit and Banking (2012)

2010

14. Expectation Shocks and Learning as Drivers of the Business Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (26)
    See also Journal Article in Economic Journal (2011)

2009

15. Expectations, Learning, and the Changing Relationship between Oil Prices and the Macroeconomy
    Working Papers, University of California-Irvine, Department of Economics View citations (19)
    See also Journal Article in Energy Economics (2009)
16. Global Slack and Domestic Inflation Rates: A Structural Investigation for G-7 Countries
    Working Papers, University of California-Irvine, Department of Economics View citations (5)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2009) View citations (2)
    See also Journal Article in Journal of Macroeconomics (2010)
17. Has Globalization Transformed U.S. Macroeconomic Dynamics?
    Working Papers, University of California-Irvine, Department of Economics View citations (2)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2009) View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2012)
18. The Effect of Global Output on U.S. Inflation and Inflation Expectations: A Structural Estimation
    Working Papers, University of California-Irvine, Department of Economics View citations (2)

2008

19. Does Global Slack Matter More than Domestic Slack in Determining U.S. Inflation?
    Working Papers, University of California-Irvine, Department of Economics
    See also Journal Article in Economics Letters (2009)
20. Learning about the Interdependence between the Macroeconomy and the Stock Market
    Working Papers, University of California-Irvine, Department of Economics View citations (25)
    See also Journal Article in International Review of Economics & Finance (2017)

2007

21. Learning and Time-Varying Macroeconomic Volatility
    Working Papers, University of California-Irvine, Department of Economics View citations (28)
    See also Journal Article in Journal of Economic Dynamics and Control (2014)
22. Political Business Cycles in the New Keynesian Model
    Working Papers, University of California-Irvine, Department of Economics View citations (2)
    See also Journal Article in Economic Inquiry (2010)

2006

23. A Bayesian DSGE Model with Infinite-Horizon Learning: Do "Mechanical" Sources of Persistence Become Superfluous?
    MPRA Paper, University Library of Munich, Germany View citations (36)
    Also in Working Papers, University of California-Irvine, Department of Economics (2005) View citations (1)
    See also Journal Article in International Journal of Central Banking (2006)
24. The Conquest of U.S. Inflation in an Estimated DSGE Model with Labor Market Search
    Computing in Economics and Finance 2006, Society for Computational Economics
25. The Evolution of the Fed's Inflation Target in an Estimated Model under RE and Learning
    Working Papers, University of California-Irvine, Department of Economics View citations (5)

2005

26. Adaptive Learning and Inflation Persistence
    Working Papers, University of California-Irvine, Department of Economics View citations (60)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (36)
27. Expectations, Learning and Macroeconomic Persistence
    Macroeconomics, University Library of Munich, Germany View citations (75)
    Also in Working Papers, University of California-Irvine, Department of Economics (2005) View citations (17)
    See also Journal Article in Journal of Monetary Economics (2007)
28. Learning, Monetary Policy Rules, and Macroeconomic Stability
    Macroeconomics, University Library of Munich, Germany View citations (17)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)
29. Parameter Instability, Model Uncertainty and the Choice of Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article in The B.E. Journal of Macroeconomics (2005)
30. Structural Factor-Augmented VAR (SFAVAR) and the Effects of Monetary Policy
    Macroeconomics, University Library of Munich, Germany View citations (8)
    See also Journal Article in The B.E. Journal of Macroeconomics (2006)

2004

31. Monetary Policy with a Wider Information Set: a Bayesian Model Averaging Approach
    Macroeconomics, University Library of Munich, Germany View citations (11)
    See also Journal Article in Scottish Journal of Political Economy (2008)
32. Persistence in Monetary Policy Models: Indexation, Habits and Learning with Long-Horizon Expectations
    Econometric Society 2004 North American Summer Meetings, Econometric Society

2003

33. Adaptive Learning, Model Uncertainty and Monetary Policy Inertia in a Large Information Environment
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (3)
34. Structural Factor-Augmented VAR (SFAVAR)
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (14)

Undated

35. Parameters´ Instability, Model Uncertainty and Optimal Monetary Policy
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (4)

Journal Articles

2021

1. COVID-19 outbreak, social response, and early economic effects: a global VAR analysis of cross-country interdependencies
   Journal of Population Economics, 2021, 34, (1), 223-252 View citations (36)
   See also Working Paper (2020)
2. Heterogeneity in individual expectations, sentiment, and constant-gain learning
   Journal of Economic Behavior & Organization, 2021, 188, (C), 627-650 View citations (2)
   See also Working Paper (2021)
3. Heterogeneous expectations, indeterminacy, and postwar US business cycles
   Journal of Macroeconomics, 2021, 68, (C) View citations (3)
   See also Working Paper (2020)

2020

4. Bounded rationality, monetary policy, and macroeconomic stability
   Economics Letters, 2020, 186, (C) View citations (8)
   See also Working Paper (2019)
5. LEARNING AND THE EVOLUTION OF THE FED’S INFLATION TARGET
   Macroeconomic Dynamics, 2020, 24, (8), 1904-1923 View citations (2)
6. Observed expectations, news shocks, and the business cycle
   Research in Economics, 2020, 74, (2), 95-118 View citations (9)
   See also Working Paper (2012)
7. Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle
   Journal of Economic Behavior & Organization, 2020, 179, (C), 342-360 View citations (2)
   See also Working Paper (2020)

2019

8. Expectations and Macro-Housing Interactions in a Small Open Economy: Evidence from Korea
   Open Economies Review, 2019, 30, (2), 375-402 View citations (1)
9. THE MISSPECIFICATION OF EXPECTATIONS IN NEW KEYNESIAN MODELS: A DSGE-VAR APPROACH
   Macroeconomic Dynamics, 2019, 23, (3), 974-1007 View citations (20)
   See also Working Paper (2016)

2017

10. Learning about the interdependence between the macroeconomy and the stock market
    International Review of Economics & Finance, 2017, 49, (C), 223-242 View citations (2)
    See also Working Paper (2008)
11. Sentiment and the U.S. business cycle
    Journal of Economic Dynamics and Control, 2017, 82, (C), 289-311 View citations (28)
    See also Working Paper (2014)

2015

12. The effects of globalization on macroeconomic dynamics in a trade-dependent economy: The case of Korea
    Economic Modelling, 2015, 48, (C), 292-305 View citations (9)
    See also Working Paper (2014)

2014

13. Learning and time-varying macroeconomic volatility
    Journal of Economic Dynamics and Control, 2014, 47, (C), 94-114 View citations (44)
    See also Working Paper (2007)

2012

14. HAS GLOBALIZATION TRANSFORMED U.S. MACROECONOMIC DYNAMICS?
    Macroeconomic Dynamics, 2012, 16, (2), 204-229 View citations (15)
    See also Working Paper (2009)
15. The Effects of Monetary Policy “News” and “Surprises”
    Journal of Money, Credit and Banking, 2012, 44, (8), 1667-1692 View citations (31)
16. The Effects of Monetary Policy “News” and “Surprises”
    Journal of Money, Credit and Banking, 2012, 44, (8), 1667-1692 View citations (9)
    See also Working Paper (2011)

2011

17. Expectation Shocks and Learning as Drivers of the Business Cycle
    Economic Journal, 2011, 121, (552), 379-401 View citations (153)
    See also Working Paper (2010)
18. The impact of foreign stock markets on macroeconomic dynamics in open economies: A structural estimation
    Journal of International Money and Finance, 2011, 30, (1), 111-129 View citations (11)

2010

19. Global slack and domestic inflation rates: A structural investigation for G-7 countries
    Journal of Macroeconomics, 2010, 32, (4), 968-981 View citations (40)
    See also Working Paper (2009)
20. POLITICAL BUSINESS CYCLES IN THE NEW KEYNESIAN MODEL
    Economic Inquiry, 2010, 48, (4), 896-915 View citations (7)
    See also Working Paper (2007)
21. Public option and private profits
    Applied Health Economics and Health Policy, 2010, 8, (3), 155-165 View citations (2)

2009

22. Adaptive Learning and Macroeconomic Inertia in the Euro Area
    Journal of Common Market Studies, 2009, 47, (3), 579-599 View citations (16)
23. Does global slack matter more than domestic slack in determining U.S. inflation?
    Economics Letters, 2009, 102, (3), 147-151 View citations (18)
    See also Working Paper (2008)
24. Expectations, learning, and the changing relationship between oil prices and the macroeconomy
    Energy Economics, 2009, 31, (6), 827-837 View citations (21)
    See also Working Paper (2009)

2008

25. Learning, monetary policy rules, and macroeconomic stability
    Journal of Economic Dynamics and Control, 2008, 32, (10), 3148-3165 View citations (39)
    See also Working Paper (2005)
26. MONETARY POLICY WITH A WIDER INFORMATION SET: A BAYESIAN MODEL AVERAGING APPROACH
    Scottish Journal of Political Economy, 2008, 55, (1), 1-30 View citations (3)
    See also Working Paper (2004)

2007

27. Econometric Issues in DSGE Models
    Econometric Reviews, 2007, 26, (2-4), 201-204 View citations (2)
28. Expectations, learning and macroeconomic persistence
    Journal of Monetary Economics, 2007, 54, (7), 2065-2082 View citations (365)
    See also Working Paper (2005)

2006

29. A Bayesian DSGE Model with Infinite-Horizon Learning: Do "Mechanical" Sources of Persistence Become Superfluous?
    International Journal of Central Banking, 2006, 2, (3) View citations (33)
    See also Working Paper (2006)
30. Structural Factor-Augmented VARs (SFAVARs) and the Effects of Monetary Policy
    The B.E. Journal of Macroeconomics, 2006, 6, (3), 1-46 View citations (66)
    See also Working Paper (2005)

2005

31. Parameter Instability, Model Uncertainty and the Choice of Monetary Policy
    The B.E. Journal of Macroeconomics, 2005, 5, (1), 1-33 View citations (8)
    See also Working Paper (2005)