Details about Stefania Villa

Access statistics for papers by Stefania Villa.

Last updated 2025-04-27. Update your information in the RePEc Author Service.

Short-id: pvi246

Working Papers

2025

1. EU industrial policy between crises and the twin transition
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area
2. Navigating regimes: does knowledge of current inflation matter for households?
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area

2024

3. Risky Firms and Fragile Banks: Implications for Macroprudential Policy
   Working papers, Banque de France
   Also in Discussion Papers, Deutsche Bundesbank (2024)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)

2023

4. Consumption during the Covid-19 pandemic: evidence from Italian credit cards
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area
5. Drivers of Large Recessions and Monetary Policy Responses
   CESifo Working Paper Series, CESifo View citations (1)
   Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2023) View citations (1)
   See also Journal Article Drivers of large recessions and monetary policy responses, Journal of International Money and Finance, Elsevier (2023) View citations (1) (2023)
6. Labor productivity, effort and the Euro Area business cycle
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Discussion Papers, Deutsche Bundesbank (2019) View citations (8)
7. Quantity versus price dynamics: the role of energy and bottlenecks in the Italian industrial sector
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (6)

2021

8. Forecasting Italian GDP growth with epidemiological data
   Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area View citations (1)

2020

9. Going the Extra Mile: Effort by Workers and Job-Seekers
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
   Also in Discussion Papers, Deutsche Bundesbank (2019) View citations (1)
   See also Journal Article Going the Extra Mile: Effort by Workers and Job‐Seekers, Journal of Money, Credit and Banking, Blackwell Publishing (2021) View citations (1) (2021)
10. How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area
    IMF Working Papers, International Monetary Fund View citations (2)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2020) View citations (2)
    See also Journal Article How loose, how tight? A measure of monetary and fiscal stance for the euro area*, Oxford Economic Papers, Oxford University Press (2021) View citations (4) (2021)

2019

11. Forecasting with instabilities: an application to DSGE models with financial frictions
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
    Also in Working Papers, School of Economics, University College Dublin (2015)
    See also Journal Article Forecasting with instabilities: An application to DSGE models with financial frictions, Journal of Macroeconomics, Elsevier (2019) View citations (7) (2019)

2018

12. Fiscal buffers, private debt and recession: the good, the bad and the ugly
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (6)
    See also Journal Article Fiscal buffers, private debt, and recession: The good, the bad and the ugly, Journal of Macroeconomics, Elsevier (2019) View citations (15) (2019)

2017

13. Leaning Against Windy Bank Lending
    IMF Working Papers, International Monetary Fund View citations (1)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (4)
    BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics (2014) View citations (2)
    See also Journal Article LEANING AGAINST WINDY BANK LENDING, Economic Inquiry, Western Economic Association International (2018) View citations (7) (2018)

2016

14. Dealing with Financial Instability under a DSGE modeling approach with Banking Intermediation: a predictability analysis versus TVP-VARs
    Working Papers, School of Economics, University College Dublin View citations (11)
    Also in Open Access publications, School of Economics, University College Dublin (2016) View citations (11)
    See also Journal Article Dealing with financial instability under a DSGE modeling approach with banking intermediation: A predictability analysis versus TVP-VARs, Journal of Financial Stability, Elsevier (2016) View citations (11) (2016)
15. Fiscal Buffers, Private Debt, and Stagnation: The Good, the Bad and the Ugly
    IMF Working Papers, International Monetary Fund View citations (15)
16. Slow recoveries: any role for corporate leverage?
    BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics View citations (17)
    See also Journal Article Slow recoveries: Any role for corporate leverage?, Journal of Economic Dynamics and Control, Elsevier (2016) View citations (17) (2016)
17. The Interdependence of Monetary and Macroprudential Policy under the Zero Lower Bound
    Working Paper Research, National Bank of Belgium View citations (16)

2015

18. Dealing with Financial Instability under a DSGE modeling approach with Banking Intermediation: a forecastability analysis versus TVP-VARs
    Economics Working Papers, European University Institute
19. Forecasting in a DSGE Model with Banking Intermediation: Evidence from the US
    Working Papers, University of Milano-Bicocca, Department of Economics View citations (11)

2014

20. Financial frictions in the Euro Area and the United States: a Bayesian assessment
    BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics View citations (16)
    See also Journal Article FINANCIAL FRICTIONS IN THE EURO AREA AND THE UNITED STATES: A BAYESIAN ASSESSMENT, Macroeconomic Dynamics, Cambridge University Press (2016) View citations (46) (2016)

2013

21. Financial frictions in the euro area: a Bayesian assessment
    Working Paper Series, European Central Bank View citations (18)
22. Fiscal Policy and Lending Relationships
    IMF Working Papers, International Monetary Fund View citations (9)
    Also in Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics (2011)
    Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven (2012) View citations (3)
    See also Journal Article FISCAL POLICY AND LENDING RELATIONSHIPS, Economic Inquiry, Western Economic Association International (2014) View citations (15) (2014)
23. Redistributive effects and labour market dynamics
    Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven View citations (1)

2012

24. Growth in Transition Countries: Big Bang versus Gradualism
    CELPE Discussion Papers, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy View citations (2)

2011

25. Financial intermediaries in an estimated DSGE model for the United Kingdom
    Bank of England working papers, Bank of England View citations (20)

Journal Articles

2025

1. Unveiling consumption patterns during COVID-19: Insights from credit cards
   Economic Modelling, 2025, 147, (C)

2023

2. Drivers of large recessions and monetary policy responses
   Journal of International Money and Finance, 2023, 137, (C) View citations (1)
   See also Working Paper Drivers of Large Recessions and Monetary Policy Responses, CESifo Working Paper Series (2023) View citations (1) (2023)

2021

3. Going the Extra Mile: Effort by Workers and Job‐Seekers
   Journal of Money, Credit and Banking, 2021, 53, (8), 2099-2127 View citations (1)
   See also Working Paper Going the Extra Mile: Effort by Workers and Job-Seekers, Temi di discussione (Economic working papers) (2020) (2020)
4. How loose, how tight? A measure of monetary and fiscal stance for the euro area*
   Oxford Economic Papers, 2021, 73, (4), 1536-1556 View citations (4)
   See also Working Paper How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area, IMF Working Papers (2020) View citations (2) (2020)

2019

5. Fiscal buffers, private debt, and recession: The good, the bad and the ugly
   Journal of Macroeconomics, 2019, 62, (C) View citations (15)
   See also Working Paper Fiscal buffers, private debt and recession: the good, the bad and the ugly, Temi di discussione (Economic working papers) (2018) View citations (6) (2018)
6. Forecasting with instabilities: An application to DSGE models with financial frictions
   Journal of Macroeconomics, 2019, 61, (C), - View citations (7)
   See also Working Paper Forecasting with instabilities: an application to DSGE models with financial frictions, Temi di discussione (Economic working papers) (2019) View citations (7) (2019)

2018

7. LEANING AGAINST WINDY BANK LENDING
   Economic Inquiry, 2018, 56, (1), 460-482 View citations (7)
   See also Working Paper Leaning Against Windy Bank Lending, IMF Working Papers (2017) View citations (1) (2017)

2016

8. Dealing with financial instability under a DSGE modeling approach with banking intermediation: A predictability analysis versus TVP-VARs
   Journal of Financial Stability, 2016, 26, (C), 216-227 View citations (11)
   See also Working Paper Dealing with Financial Instability under a DSGE modeling approach with Banking Intermediation: a predictability analysis versus TVP-VARs, Working Papers (2016) View citations (11) (2016)
9. FINANCIAL FRICTIONS IN THE EURO AREA AND THE UNITED STATES: A BAYESIAN ASSESSMENT
   Macroeconomic Dynamics, 2016, 20, (5), 1313-1340 View citations (46)
   See also Working Paper Financial frictions in the Euro Area and the United States: a Bayesian assessment, BCAM Working Papers (2014) View citations (16) (2014)
10. Factor complementarity and labour market dynamics
    European Economic Review, 2016, 82, (C), 70-112 View citations (12)
11. Slow recoveries: Any role for corporate leverage?
    Journal of Economic Dynamics and Control, 2016, 70, (C), 54-85 View citations (17)
    See also Working Paper Slow recoveries: any role for corporate leverage?, BCAM Working Papers (2016) View citations (17) (2016)

2014

12. FISCAL POLICY AND LENDING RELATIONSHIPS
    Economic Inquiry, 2014, 52, (2), 696-712 View citations (15)
    See also Working Paper Fiscal Policy and Lending Relationships, IMF Working Papers (2013) View citations (9) (2013)

2013

13. Growth in transition countries
    The Economics of Transition, 2013, 21, (3), 381-417 View citations (8)

2012

14. Capital Utilization and the Amplification Mechanism
    The B.E. Journal of Macroeconomics, 2012, 12, (1), 22 View citations (3)

2009

15. Innovation and internationalization: the case of Italy
    The Journal of Technology Transfer, 2009, 34, (6), 588-602 View citations (14)