Details about Livio Stracca

Access statistics for papers by Livio Stracca.

Last updated 2022-08-23. Update your information in the RePEc Author Service.

Short-id: pst122

Working Papers

2022

1. Public and private risk sharing: friends or foes? The interplay between different forms of risk sharing
   Occasional Paper Series, European Central Bank

2021

2. Climate change and monetary policy in the euro area
   Occasional Paper Series, European Central Bank View citations (7)
3. Feeling the heat: extreme temperatures and price stability
   Working Paper Series, European Central Bank View citations (4)
4. Globalisation and the efficiency-equity trade-off
   Working Paper Series, European Central Bank View citations (1)
5. Making waves: Monetary policy and its asymmetric spillovers in a globalised world
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

6. Central bank digital currency in an open economy
   Working Paper Series, European Central Bank View citations (23)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (22)
   See also Journal Article in Journal of Monetary Economics (2022)
7. Firm-specific shocks and contagion: are banks special?
   Working Paper Series, European Central Bank
8. How much does aggregate demand travel across the Atlantic?
   Working Paper Series, European Central Bank
9. Monetary policy and its transmission in a globalised world
   Working Paper Series, European Central Bank View citations (14)
10. The fundamentals of safe assets
    Working Paper Series, European Central Bank View citations (10)
    See also Journal Article in Journal of International Money and Finance (2020)
11. The international dimension of a fragile EMU
    Working papers, Banque de France
12. The international dimension of an incomplete EMU
    Working Paper Series, European Central Bank View citations (1)

2019

13. Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures
    Occasional Paper Series, European Central Bank View citations (3)
14. Medium term treatment and side effects of quantitative easing: international evidence
    Working Paper Series, European Central Bank View citations (16)
15. Much ado about nothing? The shale oil revolution and the global supply curve
    Working Paper Series, European Central Bank View citations (5)
16. The Global Financial Cycle and Capital Flow Episodes: A Wobbly Link?
    CESifo Working Paper Series, CESifo View citations (8)
    Also in Working Paper Series, European Central Bank (2019) View citations (9)

2017

17. If the Fed sneezes, who catches a cold?
    Working Paper Series, European Central Bank View citations (109)
    See also Chapter (2016)
    Journal Article in Journal of International Economics (2017)
18. More than a feeling: confidence, uncertainty and macroeconomic fluctuations
    Working Paper Series, European Central Bank View citations (12)
    See also Journal Article in Journal of Economic Surveys (2020)
19. Trade, finance or policies: what drives the cross-border spill-over of business cycles?
    Working Paper Series, European Central Bank
    See also Journal Article in Journal of Macroeconomics (2016)

2016

20. The real exchange rate and economic growth: revisiting the case using external instruments
    Working Paper Series, European Central Bank View citations (13)
    See also Journal Article in Journal of International Money and Finance (2017)
21. What Do We Know About the Global Financial Safety Net? A New Comprehensive Data Set
    CESifo Working Paper Series, CESifo View citations (10)
    See also Journal Article in Journal of International Money and Finance (2019)
22. What do we know about the global financial safety net? Data, rationale and possible evolution
    VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association View citations (16)
23. What do we know about the global financial safety net? Rationale, data and possible evolution
    Occasional Paper Series, European Central Bank View citations (26)

2015

24. Capital Regulation in a Macroeconomic Model with Three Layers of Default
    Working Papers, Banco de Portugal, Economics and Research Department View citations (154)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (25)
    Working Paper Series, European Central Bank (2015) View citations (161)
    Working Papers, CEMFI (2014) View citations (41)
    Working papers, Banque de France (2014) View citations (30)
    See also Journal Article in International Journal of Central Banking (2015)
25. Does fiscal austerity affect public opinion?
    Working Paper Series, European Central Bank View citations (1)

2014

26. The effect of G20 summits on global financial markets
    Working Paper Series, European Central Bank View citations (2)

2013

27. Financial imbalances and household welfare: empirical evidence from the EU
    Working Paper Series, European Central Bank View citations (1)
    See also Journal Article in Journal of Financial Stability (2014)
28. Foreign investors and risk shocks: seeking a safe haven or running for the exit?
    Working Paper Series, European Central Bank View citations (15)
29. Macroeconomic imbalances: a question of trust?
    Working Paper Series, European Central Bank View citations (4)
30. The global effects of the euro debt crisis
    Working Paper Series, European Central Bank View citations (17)
31. The rise of China and India: blessing or curse for the advanced countries?
    Working Paper Series, European Central Bank View citations (2)
32. What does a financial shock do? First international evidence
    Working Paper Series, European Central Bank View citations (19)
    See also Journal Article in Economic Policy (2012)

2012

33. Explaining EU Citizens' Trust in the ECB in Normal and Crisis Times
    Economics Series, Institute for Advanced Studies View citations (6)
    Also in Working Paper Series, European Central Bank (2012) View citations (7)
34. Global exchange rate configurations: Do oil shocks matter?
    Working Paper Series, European Central Bank View citations (49)
    See also Journal Article in IMF Economic Review (2016)

2011

35. Getting beyond carry trade: what makes a safe haven currency?
    Working Paper Series, European Central Bank View citations (24)
    See also Journal Article in Journal of International Economics (2012)
36. Have euro area and EU economic governance worked? Just the facts
    Working Paper Series, European Central Bank View citations (9)
37. Housing, consumption and monetary policy: how different are the U.S. and the euro area?
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (108)
    Also in Working Paper Series, European Central Bank (2010) View citations (5)
    See also Journal Article in Journal of Banking & Finance (2011)

2010

38. A decade (and a global financial crisis) after Blinder: The interaction between researchers and policy-makers in central banks
    Working Paper Series, European Central Bank View citations (3)
39. Is the New Keynesian IS curve structural?
    Working Paper Series, European Central Bank View citations (17)

2009

40. Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro
    Working Paper Series, European Central Bank View citations (5)
41. EMU and the adjustment to asymmetric shocks: the case of Italy
    Working Paper Series, European Central Bank View citations (8)
42. Housing finance and monetary policy
    Working Paper Series, European Central Bank View citations (62)
    See also Journal Article in Journal of the European Economic Association (2013)

2008

43. A persistence-weighted measure of core inflation in the euro area
    Working Paper Series, European Central Bank View citations (7)
    See also Journal Article in Economic Modelling (2007)
44. Does money matter in the IS curve? The case of the UK
    Working Paper Series, European Central Bank View citations (9)
    See also Journal Article in Manchester School (2008)
45. The political economy under monetary union: has the euro made a difference?
    Working Paper Series, European Central Bank View citations (9)
    See also Journal Article in Economic Policy (2009)

2007

46. Instability and nonlinearity in the euro area Phillips curve
    Working Paper Series, European Central Bank View citations (23)
    See also Journal Article in International Journal of Central Banking (2009)
47. Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (71)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (7)
    CFS Working Paper Series, Center for Financial Studies (2007)
48. Should we take inside money seriously?
    Working Paper Series, European Central Bank View citations (2)
49. What is global excess liquidity, and does it matter?
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (20)
    Also in Working Paper Series, European Central Bank (2006) View citations (98)

2006

50. A speed limit monetary policy rule for the euro area
    Working Paper Series, European Central Bank View citations (5)
    See also Journal Article in International Finance (2007)
51. Are money and consumption additively separable in the euro area? A non-parametric approach
    Working Paper Series, European Central Bank View citations (12)

2005

52. Delegated portfolio management: a survey of the theoretical literature
    Working Paper Series, European Central Bank View citations (18)
    See also Journal Article in Journal of Economic Surveys (2006)
53. Keeping up with the Joneses, reference dependence, and equilibrium indeterminacy
    Working Paper Series, European Central Bank View citations (2)
54. Liquidity and real equilibrium interest rates: a framework of analysis
    Working Paper Series, European Central Bank View citations (1)

2004

55. Demand and supply in the ECB's main refinancing operations
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group View citations (1)

2003

56. How does the ECB allot liquidity in its weekly main refinancing operations? A look at the empirical evidence
    Working Paper Series, European Central Bank View citations (17)
57. Myopic loss aversion, disappointment aversion, and the equity premium puzzle
    Working Paper Series, European Central Bank View citations (5)
    See also Journal Article in Journal of Economic Behavior & Organization (2007)

2002

58. Behavioural Finance and Aggregate Market Behaviour: Where do we Stand?
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester
59. Non-standard central bank loss functions, skewed risks, and certainty equivalence
    Working Paper Series, European Central Bank View citations (6)
60. Non-standard central bank loss functions, skewed risks, and the certainty equivalence principle
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (6)
61. The optimal allocation of risks under prospect theory
    Working Paper Series, European Central Bank View citations (3)

2001

62. Does liquidity matter? Properties of a synthetic divisia monetary aggregate in the euro area
    Working Paper Series, European Central Bank View citations (18)
63. The functional form of the demand for euro area M1
    Working Paper Series, European Central Bank View citations (17)
    See also Journal Article in Manchester School (2003)

Undated

64. Economics and Politics: Interest Rate Convergence in Europe and EMU
    Discussion Papers in European Economics, Division of Economics, School of Business, University of Leicester View citations (1)

Journal Articles

2022

1. Central bank digital currency in an open economy
   Journal of Monetary Economics, 2022, 127, (C), 54-68 View citations (7)
   See also Working Paper (2020)

2021

2. Making waves – Fed spillovers are stronger and more encompassing than the ECB’s
   Research Bulletin, 2021, 83

2020

3. MORE THAN A FEELING: CONFIDENCE, UNCERTAINTY, AND MACROECONOMIC FLUCTUATIONS
   Journal of Economic Surveys, 2020, 34, (4), 691-726 View citations (10)
   See also Working Paper (2017)
4. Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion
   Journal of Money, Credit and Banking, 2020, 52, (2-3), 531-548 View citations (3)
5. The fundamentals of safe assets
   Journal of International Money and Finance, 2020, 102, (C) View citations (11)
   See also Working Paper (2020)

2019

6. Taming the global financial cycle: What role for the global financial safety net?
   Journal of International Money and Finance, 2019, 94, (C), 160-182 View citations (9)
7. What do we know about the global financial safety net? A new comprehensive data set
   Journal of International Money and Finance, 2019, 99, (C) View citations (4)
   See also Working Paper (2016)

2018

8. Can appreciation be expansionary? Evidence from the euro area
   Economic Policy, 2018, 33, (94), 225-264 View citations (22)

2017

9. If the Fed sneezes, who catches a cold?
   Journal of International Economics, 2017, 108, (S1), S23-S41 View citations (113)
   See also Chapter (2016)
   Working Paper (2017)
10. The Euler equation around the world
    The B.E. Journal of Macroeconomics, 2017, 17, (2), 9 View citations (1)
11. The real exchange rate and economic growth: Revisiting the case using external instruments
    Journal of International Money and Finance, 2017, 73, (PB), 386-398 View citations (41)
    See also Working Paper (2016)

2016

12. Global Exchange Rate Configurations: Do Oil Shocks Matter?
    IMF Economic Review, 2016, 64, (3), 443-470 View citations (56)
    See also Working Paper (2012)
13. Trade, finance or policies: What drives the cross-border spill-over of business cycles?
    Journal of Macroeconomics, 2016, 49, (C), 131-148 View citations (11)
    See also Working Paper (2017)

2015

14. Capital Regulation in a Macroeconomic Model with Three Layers of Default
    International Journal of Central Banking, 2015, 11, (3), 9-63 View citations (158)
    See also Working Paper (2015)
15. Is There a Global Safe Haven?
    International Finance, 2015, 18, (3), 281-298 View citations (22)
16. Our currency, your problem? The global effects of the euro debt crisis
    European Economic Review, 2015, 74, (C), 1-13 View citations (11)
17. Worth the hype? The effect of G20 summits on global financial markets
    Journal of International Money and Finance, 2015, 53, (C), 192-217 View citations (4)

2014

18. Financial imbalances and household welfare: Empirical evidence from the EU
    Journal of Financial Stability, 2014, 11, (C), 82-91 View citations (5)
    See also Working Paper (2013)
19. Have the euro area and EU governance worked? Just the facts
    European Journal of Political Economy, 2014, 34, (C), 1-17 View citations (21)
20. Macroprudential capital tools: assessing their rationale and effectiveness
    Financial Stability Review, 2014, (18), 183-194 View citations (3)
21. The 3D Model: a Framework to Assess Capital Regulation
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2014 View citations (5)

2013

22. Explaining European Union Citizens’ Trust in the European Central Bank in Normal and Crisis Times
    Scandinavian Journal of Economics, 2013, 115, (3), 781-807 View citations (57)
23. HOUSING FINANCE AND MONETARY POLICY
    Journal of the European Economic Association, 2013, 11, 101-122 View citations (246)
    See also Working Paper (2009)
24. INSIDE MONEY IN GENERAL EQUILIBRIUM: DOES IT MATTER FOR MONETARY POLICY?
    Macroeconomic Dynamics, 2013, 17, (3), 563-590 View citations (3)

2012

25. Getting beyond carry trade: What makes a safe haven currency?
    Journal of International Economics, 2012, 87, (1), 50-64 View citations (121)
    See also Working Paper (2011)
26. What does a financial shock do? First international evidence
    (Financial intermediaries, financial stability and monetary policy)
    Economic Policy, 2012, 27, (71), 407-445 View citations (36)
    See also Working Paper (2013)

2011

27. Housing, consumption and monetary policy: How different are the US and the euro area?
    Journal of Banking & Finance, 2011, 35, (11), 3019-3041 View citations (107)
    See also Working Paper (2011)

2009

28. Does It Pay to Have the Euro? Italy's Troubled Politics and Financial Markets under the Lira and the Euro
    International Finance, 2009, 12, (1), 1-31 View citations (4)
29. Instability and Nonlinearity in the Euro-Area Phillips Curve
    International Journal of Central Banking, 2009, 5, (2), 181-212 View citations (39)
    See also Working Paper (2007)
30. The political economy under monetary union: has the euro made a difference?
    (Income distribution, political instability, and investment)
    Economic Policy, 2009, 24, (58), 307-348 View citations (18)
    See also Working Paper (2008)

2008

31. DOES MONEY MATTER IN THE IS CURVE? THE CASE OF THE UK
    Manchester School, 2008, 76, (s1), 58-84 View citations (8)
    See also Working Paper (2008)

2007

32. A Speed Limit Monetary Policy Rule for the Euro Area
    International Finance, 2007, 10, (1), 21-41 View citations (15)
    See also Working Paper (2006)
33. A persistence-weighted measure of core inflation in the Euro area
    Economic Modelling, 2007, 24, (6), 1032-1047 View citations (5)
    See also Working Paper (2008)
34. Myopic loss aversion, disappointment aversion, and the equity premium puzzle
    Journal of Economic Behavior & Organization, 2007, 64, (2), 250-268 View citations (10)
    See also Working Paper (2003)

2006

35. A NOTE ON LIQUIDITY AND REAL EQUILIBRIUM INTEREST RATES
    Macroeconomic Dynamics, 2006, 10, (3), 426-438
36. DELEGATED PORTFOLIO MANAGEMENT: A SURVEY OF THE THEORETICAL LITERATURE
    Journal of Economic Surveys, 2006, 20, (5), 823-848 View citations (34)
    See also Working Paper (2005)
37. The output gap and the real interest rate gap in the euro area, 1960-2003
    Journal of Policy Modeling, 2006, 28, (7), 775-790 View citations (12)

2004

38. Behavioral finance and asset prices: Where do we stand?
    Journal of Economic Psychology, 2004, 25, (3), 373-405 View citations (35)
39. Does Liquidity Matter? Properties of a Divisia Monetary Aggregate in the Euro Area
    Oxford Bulletin of Economics and Statistics, 2004, 66, (3), 309-331 View citations (37)

2003

40. Behavioural Central Bank Loss Functions, Skewed Risks and Certainty Equivalence
    Manchester School, 2003, 71, (s1), 21-38 View citations (4)
41. The Functional Form Of The Demand For Euro Area M1
    Manchester School, 2003, 71, (2), 172-204 View citations (20)
    See also Working Paper (2001)

2000

42. An econometric analysis of the main components of M3 in the Euro area
    Review of World Economics (Weltwirtschaftliches Archiv), 2000, 136, (4), 680-701 View citations (9)

Chapters

2016

1. If the Fed Sneezes, Who Catches a Cold?
   A chapter in NBER International Seminar on Macroeconomics 2016, 2016 View citations (11)
   See also Working Paper (2017)
   Journal Article in Journal of International Economics (2017)