Welcome to the homepage of

Massimiliano Pisani

 

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

 

CV

Papers by topics

 

On global imbalances and international financial integration

 

 

·        Macroeconomic Effects of China's Fiscal Stimulus (with P. Cova and A. Rebucci), forthcoming in Cheung, Y. and Ma, G. (eds). Asia and China in the Global Economy. See also IDB Working Paper 211, September 2010

 

 

·        Global Imbalances: The Role of Emerging Asia (with P. Cova and A. Rebucci), Review of International Economics, Vol. 17, No. 4, September 2009. See also IMF Working Paper 09/64, March

 

 

·        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. See also  IMF Working Paper 09/63, March

 

 

 

 

  • Financial Openness and Macroeconomic Instability in Emerging Market Economies, Open Economies Review, forthcoming

 

 

On real exchange rate dynamics

 

 

  • News Shocks and Asset Price Volatility in General Equilibrium (with Akito Matsumoto, Pietro Cova and Alessandro Rebucci), conditionally accepted at  Journal of Economic Dynamics and Control. See also News Shocks, Exchange Rates, and Equity Prices, IMF Working Paper 08/284, December

 

 

  • 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, April 2008

 

 

On  European Union

 

 

 

 

  • The EAGLE: A Model for Policy Analysis of Macroeconomic Interdependence in the Euro Area (with Pascal Jacquinot and Sandra Gomes), submitted. See also ECB Working Paper no. 1195, May 2010

 

 

  • The Macroeconomics of Fiscal Consolidation in Euro Area Countries (with Lorenzo Forni and Andrea Gerali), Journal of Economic Dynamics and Control, vol.34, issue 9, September 2010. See also Temi di discussione (Economic Working Papers)  747, Bank of Italy, Economic Research Department March 2010

 

 

 

 

  • Exchange Rate Arrangements in EU Accession Countries: Which are the Options? (with Ellen E. Meade and Nikolas Muller-Plantenberg), Center for Economic Performance Occasional Paper 17, November 2002

 

 

On oil prices

 

 

  • Oil Supply News in a VAR: Information from Financial Markets, (with Alessio Anzuini and Patrizio Pagano),  Temi di discussione (Economic Working Papers) 632, Bank of Italy, Economic Research Department, June 2007