Details about Massimiliano Pisani
Access statistics for papers by Massimiliano Pisani.
Last updated 2024-10-04. Update your information in the RePEc Author Service.
Short-id: ppi119
Jump to Journal Articles Chapters
Working Papers
2024
- Macroeconomic and environmental effects of portfolio decarbonisation strategies
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
- The macroeconomic effects of reducing a central bank monetary policy portfolio: a model-based evaluation
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
- What caused the post-pandemic inflation in Italy? An application of Bernanke and Blanchard (2023)
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
2023
- Monetary and fiscal policy responses to fossil fuel price shocks
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 
See also Journal Article Monetary and fiscal policy responses to fossil fuel price shocks, Energy Economics, Elsevier (2024) (2024)
- Monetary policy tightening in response to uncertain stagflationary shocks: a model-based analysis
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
2022
- "Green" fiscal policy measures and non-standard monetary policy in the euro area
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (5)
See also Journal Article “Green” fiscal policy measures and nonstandard monetary policy in the euro area, Economic Modelling, Elsevier (2024) View citations (1) (2024)
- Macroeconomic effects of growth-enhancing measures in the euro area
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
- Make-up strategies and exchange rate pass-through in a low-interest-rate environment
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
- Monetary policy in the open economy with digital currencies
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (6)
2021
- Monetary-fiscal policy interactions in the euro area
Occasional Paper Series, European Central Bank View citations (7)
- Policy mix during a pandemic crisis: a review of the debate on monetary and fiscal responses and the legacy for the future
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
See also Chapter Policy Mix During a Pandemic Crisis: A Review of the Debate on Monetary and Fiscal Responses and the Legacy for the Future, Springer Proceedings in Business and Economics, Springer (2022) (2022)
- Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement
Occasional Paper Series, European Central Bank View citations (3)
- Revisiting monetary policy objectives and strategies: international experience and challenges from the ELB
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (2)
- The ECB’s price stability framework: past experience, and current and future challenges
Occasional Paper Series, European Central Bank View citations (20)
2020
- Macroeconomic Effects of Tariffs Shocks: The Role of the Effective Lower Bound and the Labour Market
Research Technical Papers, Central Bank of Ireland View citations (3)
Also in Working Paper Series, European Central Bank (2020) View citations (3)
See also Journal Article Macroeconomic effects of tariffs shocks: The role of the effective lower bound and the labour market, Journal of International Money and Finance, Elsevier (2022) View citations (1) (2022)
- Monetary policy strategies in the New Normal: a model-based analysis for the euro area
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (9)
See also Journal Article Monetary policy strategies in the New Normal: A model-based analysis for the euro area, Journal of Macroeconomics, Elsevier (2021) View citations (11) (2021)
- Protectionism and the effective lower bound in the euro area
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
- The COVID-19 shock and a fiscal-monetary policy mix in a monetary union
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
See also Chapter Covid-19 Shock and Fiscal-Monetary Policy Mix in a Monetary Union, Springer Proceedings in Business and Economics, Springer (2022) (2022)
2019
- Fiscal devaluation and labour market frictions in a monetary union
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
See also Journal Article Fiscal devaluation and labor market frictions in a monetary union, Economic Modelling, Elsevier (2021) View citations (4) (2021)
- Non-standard monetary policy measures in the new normal
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (5)
2018
- Exchange rate pass-through into euro area inflation. An estimated structural model
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
- Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area: A structural model-based approach
Research Technical Papers, Central Bank of Ireland View citations (29)
Also in Working Paper Series, European Central Bank (2018) View citations (30)
See also Journal Article Labor Tax Reforms, Cross-Country Coordination, and the Monetary Policy Stance in the Euro Area: A Structural Model-Based Approach, International Journal of Central Banking, International Journal of Central Banking (2018) View citations (27) (2018)
- Macroeconomic effects of an open-ended Asset Purchase Programme
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)
See also Journal Article Macroeconomic effects of an open-ended asset purchase programme, Journal of Policy Modeling, Elsevier (2019) View citations (11) (2019)
- What will Brexit mean for the British and euro-area economies? A model-based assessment of trade regimes
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (10)
2017
- Macroeconomic effects of non-standard monetary policy measures in the euro area: the role of corporate bond purchases
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (11)
See also Journal Article Macroeconomic Effects of Non‐Standard Monetary Policy Measures in the Euro Area: The Role of Corporate Bond Purchases, Manchester School, University of Manchester (2021) View citations (4) (2021)
- Public investment and monetary policy stance in the euro area
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
- Secular stagnation, R&D, public investment and monetary policy: a global-model perspective
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (14)
See also Journal Article SECULAR STAGNATION, R&D, PUBLIC INVESTMENT, AND MONETARY POLICY: A GLOBAL-MODEL PERSPECTIVE, Macroeconomic Dynamics, Cambridge University Press (2021) View citations (5) (2021)
2016
- EAGLE-FLI - A macroeconomic model of banking and financial interdependence in the euro area
Working Papers, Banco de Portugal, Economics and Research Department View citations (6)
Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2016) View citations (6) EcoMod2016, EcoMod (2016) View citations (6) Working Paper Series, European Central Bank (2016) View citations (8)
See also Journal Article EAGLE-FLI: A macroeconomic model of banking and financial interdependence in the euro area, Economic Modelling, Elsevier (2018) View citations (15) (2018)
- Global macroeconomic effects of exiting from unconventional monetary policy
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
- Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)
See also Journal Article Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation, International Finance, Wiley Blackwell (2017) View citations (8) (2017)
- Non-standard monetary policy, asset prices and macroprudential policy in a monetary union
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (11)
See also Journal Article Non-standard monetary policy, asset prices and macroprudential policy in a monetary union, Journal of International Money and Finance, Elsevier (2018) View citations (22) (2018)
2015
- Comparing fiscal multipliers across models and countries in Europe
Working Paper Research, National Bank of Belgium View citations (40)
Also in Working Paper Series, European Central Bank (2015) View citations (38)
- Domestic and international macroeconomic effects of the Eurosystem expanded asset purchase programme
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (22)
- Every cloud has a silver lining. The sovereign crisis and Italian potential output
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)
- Inflation, financial conditions and non-standard monetary policy in a monetary union. A model-based evaluation
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (16)
- Medium-term forecasting of euro-area macroeconomic variables with DSGE and BVARX models
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area
- Structural reforms and zero lower bound in a monetary union
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (23)
2014
- Fiscal devaluation in the euro area: a model-based analysis
Working Papers, Banco de Portugal, Economics and Research Department View citations (9)
Also in Working Paper Series, European Central Bank (2014) View citations (9)
See also Journal Article Fiscal devaluation in the euro area: A model-based analysis, Economic Modelling, Elsevier (2016) View citations (39) (2016)
- Foreign exchange reserve diversification and the "exorbitant privilege"
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
- Macroeconomic effects of simultaneous implementation of reforms after the crisis
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (8)
- The effects of the crisis on production potential and household spending in Italy
Workshop and Conferences, Bank of Italy, Economic Research and International Relations Area
2013
- Macroeconomic Effects of Sovereign Restructuring in a Monetary Union: A Model-based Approach
IMF Working Papers, International Monetary Fund View citations (5)
- Macroeconomic effects of precautionary demand for oil
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (3)
See also Journal Article Macroeconomic Effects of Precautionary Demand for Oil, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2015) View citations (33) (2015)
- Sovereign risk, monetary policy and fiscal multipliers: a structural model-based assessment
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (12)
2012
- Banks� balance sheets and the macroeconomy in the Bank of Italy Quarterly Model
Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (1)
- Competitiveness and external imbalances within the euro area
Occasional Paper Series, European Central Bank View citations (13)
- Euro area and global oil shocks: an empirical model-based analysis
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (12)
2011
- New Shocks and Asset Price Volatility in General Equilibrium
IMF Working Papers, International Monetary Fund View citations (3)
Also in IDB Publications (Working Papers), Inter-American Development Bank (2011) View citations (10) Research Department Publications, Inter-American Development Bank, Research Department (2011) View citations (11)
See also Journal Article News shocks and asset price volatility in general equilibrium, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (11) (2011)
- Potential Output in DSGE Models
Bank of Lithuania Working Paper Series, Bank of Lithuania View citations (50)
Also in Working Paper Series, European Central Bank (2011) View citations (41)
- Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment
Working Papers, Banco de Portugal, Economics and Research Department View citations (35)
Also in Working Paper Series, European Central Bank (2011) View citations (50) Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2011) View citations (31)
See also Journal Article Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment, International Finance, Wiley Blackwell (2013) View citations (71) (2013)
2010
- Macroeconomic Effects of China's Fiscal Stimulus
IDB Publications (Working Papers), Inter-American Development Bank View citations (6)
Also in Research Department Publications, Inter-American Development Bank, Research Department (2010) View citations (14)
- The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Working Papers, Banco de Portugal, Economics and Research Department View citations (97)
Also in Working Paper Series, European Central Bank (2010) View citations (96) Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2010) View citations (93)
See also Journal Article The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area, Economic Modelling, Elsevier (2012) View citations (169) (2012)
- The macroeconomics of fiscal consolidations in a monetary union: the case of Italy
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (15)
Also in 2008 Meeting Papers, Society for Economic Dynamics (2008)
2009
- Global Imbalances: The Role of Emerging Asia
IMF Working Papers, International Monetary Fund View citations (23)
See also Journal Article Global Imbalances: The Role of Emerging Asia, Review of International Economics, Wiley Blackwell (2009) View citations (25) (2009)
- Global Imbalances: The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
IMF Working Papers, International Monetary Fund View citations (7)
- Macroeconomic effects of greater competition in the service sector: the case of Italy
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (8)
See also Journal Article MACROECONOMIC EFFECTS OF GREATER COMPETITION IN THE SERVICE SECTOR: THE CASE OF ITALY, Macroeconomic Dynamics, Cambridge University Press (2010) View citations (57) (2010)
- Risk-adjusted forecasts of oil prices
Working Paper Series, European Central Bank View citations (23)
Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2006) View citations (9)
See also Journal Article Risk-Adjusted Forecasts of Oil Prices, The B.E. Journal of Macroeconomics, De Gruyter (2009) View citations (20) (2009)
2008
- New Shocks, Exchange Rates and Equity Prices
IMF Working Papers, International Monetary Fund View citations (6)
- Real exchange rate volatility and disconnect: an empirical investigation
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (6)
2007
- Oil supply news in a VAR: Information from financial markets
Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (15)
2006
- Nominal Rigidities in an Estimated Two Country
Computing in Economics and Finance 2006, Society for Computational Economics View citations (5)
2002
- Exchange Rate Arrangements in EU Accession Countries: What Are the Options?
CEP Occasional Papers, Centre for Economic Performance, LSE View citations (3)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2002)
Journal Articles
2024
- Monetary and fiscal policy responses to fossil fuel price shocks
Energy Economics, 2024, 136, (C) 
See also Working Paper Monetary and fiscal policy responses to fossil fuel price shocks, Temi di discussione (Economic working papers) (2023) (2023)
- “Green” fiscal policy measures and nonstandard monetary policy in the euro area
Economic Modelling, 2024, 136, (C) View citations (1)
See also Working Paper "Green" fiscal policy measures and non-standard monetary policy in the euro area, Temi di discussione (Economic working papers) (2022) View citations (5) (2022)
2023
- Non‐standard monetary policy measures in non‐normal times
International Finance, 2023, 26, (1), 19-35
2022
- Macroeconomic effects of tariffs shocks: The role of the effective lower bound and the labour market
Journal of International Money and Finance, 2022, 120, (C) View citations (1)
See also Working Paper Macroeconomic Effects of Tariffs Shocks: The Role of the Effective Lower Bound and the Labour Market, Research Technical Papers (2020) View citations (3) (2020)
2021
- Fiscal devaluation and labor market frictions in a monetary union
Economic Modelling, 2021, 97, (C), 135-156 View citations (4)
See also Working Paper Fiscal devaluation and labour market frictions in a monetary union, Temi di discussione (Economic working papers) (2019) View citations (1) (2019)
- Macroeconomic Effects of Non‐Standard Monetary Policy Measures in the Euro Area: The Role of Corporate Bond Purchases
Manchester School, 2021, 89, (S1), 97-130 View citations (4)
See also Working Paper Macroeconomic effects of non-standard monetary policy measures in the euro area: the role of corporate bond purchases, Temi di discussione (Economic working papers) (2017) View citations (11) (2017)
- Monetary policy strategies in the New Normal: A model-based analysis for the euro area
Journal of Macroeconomics, 2021, 70, (C) View citations (11)
See also Working Paper Monetary policy strategies in the New Normal: a model-based analysis for the euro area, Temi di discussione (Economic working papers) (2020) View citations (9) (2020)
- SECULAR STAGNATION, R&D, PUBLIC INVESTMENT, AND MONETARY POLICY: A GLOBAL-MODEL PERSPECTIVE
Macroeconomic Dynamics, 2021, 25, (5), 1267-1287 View citations (5)
See also Working Paper Secular stagnation, R&D, public investment and monetary policy: a global-model perspective, Temi di discussione (Economic working papers) (2017) View citations (14) (2017)
2019
- Comparing Fiscal Consolidation Multipliers across Models in Europe
International Journal of Central Banking, 2019, 15, (3), 285-320 View citations (19)
- Domestic and International Effects of the Eurosystem Expanded Asset Purchase Programme: A Structural Model-Based Analysis
IMF Economic Review, 2019, 67, (2), 315-348 View citations (9)
- Macroeconomic effects of an open-ended asset purchase programme
Journal of Policy Modeling, 2019, 41, (6), 1144-1159 View citations (11)
See also Working Paper Macroeconomic effects of an open-ended Asset Purchase Programme, Temi di discussione (Economic working papers) (2018) View citations (4) (2018)
2018
- EAGLE-FLI: A macroeconomic model of banking and financial interdependence in the euro area
Economic Modelling, 2018, 69, (C), 249-280 View citations (15)
See also Working Paper EAGLE-FLI - A macroeconomic model of banking and financial interdependence in the euro area, Working Papers (2016) View citations (6) (2016)
- Labor Tax Reforms, Cross-Country Coordination, and the Monetary Policy Stance in the Euro Area: A Structural Model-Based Approach
International Journal of Central Banking, 2018, 14, (3), 65-140 View citations (27)
See also Working Paper Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area: A structural model-based approach, Research Technical Papers (2018) View citations (29) (2018)
- Non-standard monetary policy, asset prices and macroprudential policy in a monetary union
Journal of International Money and Finance, 2018, 88, (C), 25-53 View citations (22)
See also Working Paper Non-standard monetary policy, asset prices and macroprudential policy in a monetary union, Temi di discussione (Economic working papers) (2016) View citations (11) (2016)
- SOVEREIGN RESTRUCTURING VS. FISCAL ADJUSTMENT IN A MONETARY UNION: MACROECONOMIC EFFECTS FROM MODEL-BASED SIMULATIONS
Macroeconomic Dynamics, 2018, 22, (2), 470-500 View citations (9)
- The sovereign crisis and Italy’s potential output
Journal of Policy Modeling, 2018, 40, (2), 418-433 View citations (4)
2017
- Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation
International Finance, 2017, 20, (2), 155-173 View citations (8)
See also Working Paper Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation, Temi di discussione (Economic working papers) (2016) View citations (4) (2016)
2016
- Fiscal devaluation in the euro area: A model-based analysis
Economic Modelling, 2016, 52, (PA), 58-70 View citations (39)
See also Working Paper Fiscal devaluation in the euro area: a model-based analysis, Working Papers (2014) View citations (9) (2014)
- Foreign exchange reserve diversification and the “exorbitant privilege”: Global macroeconomic effects
Journal of International Money and Finance, 2016, 67, (C), 82-101 View citations (1)
- Macroeconomic Effects of Simultaneous Implementation of Reforms
International Finance, 2016, 19, (1), 42-65 View citations (3)
2015
- Euro area, oil and global shocks: An empirical model-based analysis
Journal of Macroeconomics, 2015, 46, (C), 295-314 View citations (19)
- Macroeconomic Effects of Precautionary Demand for Oil
Journal of Applied Econometrics, 2015, 30, (6), 968-986 View citations (33)
See also Working Paper Macroeconomic effects of precautionary demand for oil, Temi di discussione (Economic working papers) (2013) View citations (3) (2013)
- Structural Reforms, Investment and Zero Lower Bound in a Monetary Union
Manchester School, 2015, 83, 120-139 View citations (21)
2013
- Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment
International Finance, 2013, 16, (1), 23-44 View citations (71)
See also Working Paper Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment, Working Papers (2011) View citations (35) (2011)
- “Green” fuel tax on private transportation services and subsidies to electric energy. A model-based assessment for the main European countries
Energy Economics, 2013, 40, (S1), S32-S57 View citations (20)
2012
- The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Economic Modelling, 2012, 29, (5), 1686-1714 View citations (169)
See also Working Paper The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area, Working Papers (2010) View citations (97) (2010)
2011
- Financial Openness and Macroeconomic Instability in Emerging Market Economies
Open Economies Review, 2011, 22, (3), 501-532 View citations (7)
- News shocks and asset price volatility in general equilibrium
Journal of Economic Dynamics and Control, 2011, 35, (12), 2132-2149 View citations (11)
See also Working Paper New Shocks and Asset Price Volatility in General Equilibrium, IMF Working Papers (2011) View citations (3) (2011)
2010
- MACROECONOMIC EFFECTS OF GREATER COMPETITION IN THE SERVICE SECTOR: THE CASE OF ITALY
Macroeconomic Dynamics, 2010, 14, (5), 677-708 View citations (57)
See also Working Paper Macroeconomic effects of greater competition in the service sector: the case of Italy, Temi di discussione (Economic working papers) (2009) View citations (8) (2009)
- The macroeconomics of fiscal consolidations in euro area countries
Journal of Economic Dynamics and Control, 2010, 34, (9), 1791-1812 View citations (82)
2009
- Global Imbalances: The Role of Emerging Asia
Review of International Economics, 2009, 17, (4), 716-733 View citations (25)
See also Working Paper Global Imbalances: The Role of Emerging Asia, IMF Working Papers (2009) View citations (23) (2009)
- Risk-Adjusted Forecasts of Oil Prices
The B.E. Journal of Macroeconomics, 2009, 9, (1), 28 View citations (20)
See also Working Paper Risk-adjusted forecasts of oil prices, Working Paper Series (2009) View citations (23) (2009)
2008
- Productivity and Global Imbalances: The Role of Nontradable Total Factor Productivity in Advanced Economies
IMF Staff Papers, 2008, 55, (2), 312-325 View citations (18)
Chapters
2022
- Covid-19 Shock and Fiscal-Monetary Policy Mix in a Monetary Union
Springer
See also Working Paper The COVID-19 shock and a fiscal-monetary policy mix in a monetary union, Bank of Italy, Economic Research and International Relations Area (2020) View citations (7) (2020)
- Policy Mix During a Pandemic Crisis: A Review of the Debate on Monetary and Fiscal Responses and the Legacy for the Future
Springer
See also Working Paper Policy mix during a pandemic crisis: a review of the debate on monetary and fiscal responses and the legacy for the future, Bank of Italy, Economic Research and International Relations Area (2021) View citations (1) (2021)
|
The links between different versions of a paper are constructed automatically by matching on the titles.
Please contact if a link is incorrect.
Use this form
to add links between versions where the titles do not match.
|