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Massimiliano Pisani

massimiliano.pisani@bancaditalia.it or massimiliano.pisani@gmail.com

CV

Papers by topics

On global imbalances

· New: “Global Imbalances: The Role of Emerging Asia” (with P. Cova and A. Rebucci), Review of International Economics, forthcoming.

· New: “Global Imbalances: The Role of the Non-tradable TFP in Advanced Economies” (with N. Batini, P. Cova, A. Rebucci), IMF Staff Papers, Vol. 55, No. 2, June 2008.

• House prices, consumption and trade balance in the US

On real exchange rate dynamics

• New: News Shocks, Exchange Rates, and Equity Prices (with Akito Matsumoto, Pietro Cova and Alessandro Rebucci), IMF Working Paper 08/284, December 2008

• Nominal Rigidities, distribution costs and the dynamics of the real exchange rate: a Bayesian DSGE approach (with Riccardo Cristadoro, Andrea Gerali and Stefano Neri), Temi di discussione (Economic working papers) 660, Bank of Italy, Economic Research Department.

On European Monetary Union

• New: The Macroeconomics of Fiscal Consolidation in a Monetary Union: the case of Italy (with Lorenzo Forni and Andrea Gerali), submitted

• Macroeconomic effects of greater competition in the service sector: the case of Italy (with Lorenzo Forni and Andrea Gerali), Macroeconomic Dynamics, forthcoming. See also Temi di discussione (Economic Working Papers) 706, Bank of Italy, Economic Research Department March 2009

• Exchange rate arrangements in EU accession countries: which are the options? (with Ellen E. Meade and Nikolas Muller-Plantemberg), CEP OP 17, November 2002

On oil prices

• Oil supply news in a VAR: information from financial markets, Temi di discussione (Economic working papers) 632, Bank of Italy, Economic Research Department (with Alessio Anzuini and Patrizio Pagano), June 2007

• Risk-Adjusted Forecasts of Oil Prices, The B.E. Journal of Macroeconomics: Vol. 9: Iss. 1 (Topics), Article 24, 2009. See also. Temi di discussione (Economic Working Papers) 585, Bank of Italy, Economic Research Department May 2006, and ECB Working Paper no. 999, January 2009 (with Patrizio Pagano), revised and resubmitted.