Selected Publications

2021

• Kaminska I., Mumtaz H., Šustek R. "Monetary policy surprises and their transmission through term premia and expected interest rates", Journal of Montery Economics (forthcoming)
• Buraschi A,. Piatti I., Whelan P. "Subjective Bond Returns and Belief Aggregation", Review of Financial Studies (forthcoming)
• Algan YC., Malgouyres C., Mayer T., Thoenig M. "The Economic Incentives of Cultural Transmission: Spatial Evidence from Naming Patterns across France", Economic Journal (forthcoming)
• Fasani F., Tommaso F., Minale L. (2021) (The Struggle for) Refugee Integration into the Labour Market: Evidence from Europe, Journal of Economic Geography
• Fasani F., Frattini T., Minale L. (2021) Lift the Ban? Initial Employment Restrictions and Refugee Labour Market Outcomes, Journal of European Economic Association
• Lim C., Snyder J. (2021) What Shapes the Quality and Behavior of Government Officials? Institutional Variation in Selection and Retention Methods, Annual Review of Economics
• Bianchi D. (2021) Adaptive Expectations and Commodity Risk Premiums, Journal of Economic Dynamics and Control
• Bianchi D., Tamoni A., Buchner M. (2021) Bond Risk Premiums with Machine Learning, Review of Financial Studies
• Gualdani C. (2021) An Econometric Model of Network Formation with an Application to Board Interlocks between Firms, Journal of Econometrics
• De Nardi M., Fella G., Knoef MG., Paz-Pardo G., Van Ooijen R. (2021) Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S, Journal of Public Economics
• Gkionis K., Kostakis A., Skiadopoulos G., Stilger PS. (2021) Positive Stock Information in OTM Option Prices, Journal of Banking and Finance
• Garriga C., Kydland F., Šustek R. (2021) "MoNK: Mortgages in a New-Keynesian Model" Journal of Economic Dynamics and Control

2020

• Dustmann C., Fasani F., Meng X., Minale L. (2020) Risk Attitudes and Household Migration Decisions, Journal of Human Resource
• Fella G., Frache S., Koeniger W. (2020) Buffer-stock saving and households' response to income shocks, International Economic Review
• Abebe G., Caria S., Fafchamps M., Falco P., Franklin S., Quinn S. (2020) Anonymity or distance? Job search and labour market exclusion in a growing African city, Review of Economic Studies
• Franklin S. (2020) Enabled to work: The impact of government housing on slum dwellers in South Africa, Journal of Urban Economics
• Gancia G., Ponzetto G., Ventura J. (2020) A Theory of Economic Unions, Journal of Monetary Economics
• Laczó S. Rossi R. (2020) Time-Consistent Consumption Taxation, Journal of Monetary Economics
• Gagliarducci S., Manacorda M. (2020) Politics in the Family: Nepotism and the Hiring Decisions of Italian Firms, American Economic Journal: Applied Economics
• Manacorda M., Tesei A. (2020) Liberation Technology: Mobile Phones and Political Mobilization in Africa, Econometrica
• Dardanoni V., Manzini P., Mariotti M., Tyson C. (2020) Inferring cognitive heterogeneity from aggregate choices, Econometrica
• Hanany E., Klibanoff P., Mukerji S. (2020) Incomplete Information Games with Ambiguity Averse Players, American Economic Journal: Microeconomics
• Cubitt R., Mukerji S., Van de Kuilen G. (2020) Discriminating between models of ambiguity attitude: a qualitative test, Journal of European Economic Association
• Altug S., Collard F., Çakmakli C., Özsöylev H., Mukerji S. (2020) Ambiguous Business Cycles: A Quantitative Assessment, Review of Economic Dynamics
• Prummer A. (2020) Micro-targeting and polarization, Journal of Public Economics
• Lindenlaub I., Prummer A. (2020) Network structure and performance, Economic Journal
• Lipnowski E., Ramos J. (2020) Repeated Delegation, Journal of Economic Theory
• Lam C., Souza PCL. (2020) Estimation and Selection of Spatial Weight Matrix in a Spatial Lag Model, Journal of Business and Economics Statistics
• Degryse H., Ioannidou V., Liberti J., Sturgess J. (2020) When Do Laws and Institutions Affect Recovery Rates on Collateral?, Review of Corporate Finance Studies
• Daskalova V., Vriend N.J. (2020) Categorization and Coordination, European Economic Review
• Koh D., Santaeulàlia-Llopis R., Zheng Y. (2020) Labour Share Decline and Intellectual Property Products Capital, Econometrica

2019

• Bianchi D., Chiarella C. (2019) An Anatomy of Industry Merger Waves, Journal of Financial Econometrics
• Bianchi D., Billio M., Casarin R., Guidolin M. (2019) Modeling Systemic Risk with Markov Switching Graphical SUR Models, Journal of Econometrics
• Bonfiglioli A., Crinò R., Gancia G. (2019) Trade, Finance and Endogenous Firm Heterogeneity, Journal of European Economic Association
• Bonfiglioli A., Gancia G. (2019) Heterogeneity, Selection and Labor Market Disparities, Review of Economic Dynamics
• Carriero A., Clark T., Marcellino M. (2019) Large Vector Autoregressions with stochastic volatility and non-conjugate priors, Journal of Econometrics
• D'Alessandro A., Fella G., Melosi L. (2019) Fiscal Stimulus with Learning-by-Doing, International Economic Review
• De Nardi M., Fella G., Paz-Pardo G. (2019) Nonlinear Household Earnings Dynamics, Self-Insurance, and Welfare, Journal of the European Economic Association
• Fella G., Gallipoli G., Pan J. (2019) Markov-Chain Approximations for Life-Cycle Models, Review of Economic Dynamics
• Labonne J., Franklin S. (2019) Economic Shocks and Labour Market Flexibility Journal of Human Resources
• Seshadri A., Lee SYT. (2019) On the Integenerational Transmission of Economic Status, Journal of Political Economy
• Fehr D., Heinemann F., Llorente-Saguer A. (2019) The Power of Sunspots: An Experimental Analysis, Journal of Monetary Economics
• Alessandri P., Mumtaz H. (2019) Financial Regimes and uncertainty shocks, Journal of Monetary Economics
• Mandalinci Z., Mumtaz H. (2019) Global Economic Divergence and Portfolio Capital Flows to Emerging Markets, Journal of Money, Credit and Banking
• Piatti I., Trojani F. (2019) Dividend Growth Predictability and the Price–Dividend Ratio, Management Science
• Raute A. (2019) Can financial incentives reduce the baby gap? Evidence from a reform in maternity leave benefits, Journal of Public Economics
• Jo IH., Senga T. (2019) Aggregate consequences of credit subsidy policies: Firm dynamics and misallocation, Review of Economic Dynamics
• Lambrinoudakis C., Skiadopoulos G., Gkionis K. (2019) Capital structure and financial flexibility: Expectations of future shocks, Journal of Banking and Finance
• Kapetanios G., Konstantinidi E., Neumann M., Skiadopoulos G. (2019) Jumps in Option Prices and their Determinants: Real-Time Evidence from the E-mini S&P 500 Option Market, Journal of Financial Markets
• Hidalgo J., Souza PCL. (2019) A Test for Weak Stationary in the Spectral Domain, Economics Theory
• Hwang B-H., Liberti JM., Sturgess J. (2019) Information sharing and spillovers: Evidence from financial analysts, Management Science
• Rupert P., Šustek R. (2019) On the Mechanics of New-Keynesian Models, Journal of Monetary Economics
• Durante R., Pinotti P., Tesei A. (2019) The Political Legacy of Entertainment TV, American Economic Review
• Galanis G., Yoshihara N., Veneziani R. (2019) The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies, Journal of Economic Dynamics and Control

2018

• Bonfiglioli A., Crinò R., Gancia G. (2018) Betting on Exports: Trade and Endogenous Heterogeneity, Economic Journal
• Breedon F. (2018) On the Transactions Cost of UK Quantitative Easing, Journal of Banking and Finance
• Carriero A., Clark T., Marcellino M. (2018) Measuring Uncertainty and its impact on the Economy, Review of Economics and Statistics
• Cornaglia F., Lekfuangfu WN., Warrinnier N., Powdthavee N. (2018) ;Locus of control and its intergenerational implications for early childhood skill formation, Economic Journal
• Faccini R., Konstantinidi E., Skiadopoulos G., Sarantopoulou S. (2018) A New Predictor of U.S. Real Economic Activity: The S&P 500 Option Implied Risk Aversion, Management Science
• Fasani F. (2018) Immigrant crime and legal status: evidence from repeated amnesty programs, Journal of Economic Geography
• Franklin S. (2018) "Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies", Economic Journal
• Giraitis L., Surgailis D., Skarnulis A. (2018) Stationary integrated ARCH and AR processes with finite variance, Econometric Theory
• Abraham A., Laczó S. (2018) Efficient Risk Sharing with Limited Commitment and Storage, Review of Economic Studies
• Gierlinger J., Laczó S. (2018) Matching to Share Risk without Commitment, Economic Journal
• Seshadri A., Lee SYT. (2018) Economic Policy and Equality of Opportunity, Economic Journal
• Aum S., Shin Y., Lee SYT. (2018) Computerizing Industries and Routinizing Jobs: Explaining Trends in Aggregate Productivity, Journal of Monetary Economics
• Lim C., Yurukoglu A. (2018) Dynamic Natural Monopoly Regulation: Time Inconsistency, Moral Hazard, and Political Environments, Journal of Political Economy
• Bouton L., Llorente-Saguer A., Malherbe F. (2018) Get Rid of Unanimity: The Superiority of Majority Rules with Veto Power, Journal of Political Economy
• Eguia J., Llorente-Saguer A., Morton R., Nicolo A. (2018) Equilibrium Selection in Sequential Games with Imperfect Information, Games and Economic Behaviour
• Manzini P., Mariotti M., Ulku L. (2018) Stochastic Complementarity, The Economic Journal
• Manzini P., Mariotti M. (2018) Dual Random Utility Maximisation, Journal of Economic Theory
• Marriotti M., Veneziani R. (2018) Opportunities as chances: maximising the probability that everybody succeeds, Economic Journal
• Manzini P., Mariotti M. (2018) Competing for Attention: Is the Showiest also the Best?, Economic Journal
• Collard F., Mukerji S., Sheppard K., JM Tallon. (2018) Ambiguity and the Histroical Equity Premium, Quantitative Economics
• Mumtaz H., Theodoridis K. (2018) The changing transmission of uncertainty shocks in the US: An empirical analysis, Journal of Business and Economic Statistics
• Mumtaz H., Pinter G., Theodoridis K. (2018) ;What do VARs Tell Us about the Impact of a Credit Supply Shock", International Economic Review
• Mumtaz H., Sunder-Plassmann L., Theophilopoulou A. (2018) "The State Level Impact of Uncertainty Shocks", Journal of Money, Credit and Banking
• Panebianco F., Prummer A., Siedlarek JP. (2018) Convergence of Cultural Traits with Time-Varying Self-Confidence in the Panebianco (2014) Model - A Corrigendum, Journal of Economic Theory
• Cornelissen T., Dustmann C., Raute A., Schönberg U. (2018) Who benefits from universal childcare? Estimating marginal returns to early childcare attendance, Journal of Political Economy
• Bernales A., Cortazar G., Salamunic L., Skiadopoulos G. (2018) Learning and Index Option Returns, Journal of Business and Economic Statistics
• Liberti J., Sturgess J. (2018) The Anatomy of a Credit Supply Shock: Evidence from an Internal Credit Market, Journal of Financial and Quantitative Analysis
• Tyson C. (2018) Rationalizability of menu preferences, Economic Theory
• Charpe M., Flaschel P., Galanis G., Proaño CR., Veneziani R. (2018) Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics, Journal of Economic Dynamics and Control
• Santaeulàlia-Llopis R., Zheng Y. (2018) The Price of Growth: Consumption Insurance in China 1989 – 2009, American Economic Journal: Macroeconomics

2017

• Bianchi D., Guidolin M., Ravazzolo F. (2017) Macroeconomic Factors Strike Back: A Bayesian Change Point Model of Time-Varying Risk Exposures and Premia in the U.S. Cross Section, Journal of Business and Economic Statistics
• Bianchi D., Guidolin M., Ravazzolo F. (2017) Dissecting the 2007-2009 Real Estate Market Bust: Systematic Pricing Correction or Just a Housing Fad?, Journal of Financial Econometrics
• Carriero A., Clark T., Marcellino M. (2017) Measuring Uncertainty and Its Impact on the Economy, Review of Economics and Statistics
• Dustmann C., Fasani F., Speciale B. (2017) Illegal migration and consumption behavior of immigrant households, Journal of European Economic Association
• Devillanova C., Fasani F., Frattini T. (2017) Employment of Undocumented Immigrants and the Prospect of Legal Status: Evidence from an Amnesty Program, Industrial and Labor Relations Review
• De Nardi M., Fella G. (2017) Savings and Wealth Inequality, Review of Economics Dynamics
• Epifani P., Gancia G. (2017) Global Imbalances Revisited: The Transfer Problem and Transport Costs in Monopolistic Competition, Journal of International Economics
• Fan Y., Guerre E., Zhu D. (2017) Partial Identification and Confidence Sets for Functionals of the Joint Distribution of ‘Potential Outcomes’, Journal of Econometrics
• Bouton L., Castanheira M., Llorente-Saguer A. (2017) Multicandidate Elections: Aggregate Uncertainty in the Laboratory, Games and Economic Behavior
• Llorente-Saguer A., Zultan R. (2017) Collusion and information revelation in auctions, European Economic Review
• Bouton L., Llorente-Saguer A., Marlherbe F. (2017) Unanimous rules in the laboratory, Games and Economic Behavior
• Condorelli D., Galeotti A., Renou L. (2017) Bilateral Trading in Networks, Review of Economic Studies
• Jewitt I., Mukerji S. (2017) Ordering ambiguous acts, Journal of Economic Theory
• Alessandri P., Mumtaz H. (2017) Financial conditions and density forecasts for US output and inflation, Review of Economic Dynamics
• Liu P., Mumtaz H., Theodoridis H., Zanetti F. (2017) Changing Macroeconomic Dynamics at the Zero Lower Bound, Journal of Business and Economic Statistics
• Mumtaz H., Theodoridis K. (2017) Common and country specific economic uncertainty, Journal of International Economics
• Mumtaz H., Theophilopoulou A. (2017) The impact of monetary policy on inequality in the UK. An empirical analysis, European Economic Review
• Nikolowa R. (2017) Motivate and Select: Relational Contract with persistent Types, Journal of Economics and Management Strategy
• Chortareas G., Noikokyris E. (2017) Federal reserve's policy, global equity markets, and the local monetary policy stance, Journal of Banking and Finance
• Manning A., Petrongolo B. (2017) How local are labor markets? Evidence from a spatial job search model, American Economic Review
• Olivetti C., Petrongolo B. (2017) The economic consequences of family policies. Drawing lessons from a century of legislation across OECD countries, Journal of Economic Perspectives
• Ngai R., Petrongolo B. (2017) Gender gaps and the rise of the service economy, American Economic Journal: Macroeconomics
• Prummer A., Siedlarek JP. (2017) Community Leaders & the Preservation of Cultural Traits, Journal of Economic Theory
• Mezzetti C., Renou L. (2017) Repeated Nash Implementation, Theoretical Economics
• Daskalaki C., Skiadopoulos G., Topaloglou N. (2017) Diversification benefits of Commodities: A Stochastic Dominance Efficiency Approach, Journal of Empirical Finance
• Giannetti M., Liberti J., Sturgess J. (2017) Information Sharing and Rating Manipulation, Review of Financial Studies
• Calomiris C., Larrain M., Liberti J., Sturgess J. (2017) How Collateral Laws Shape Lending and Sectoral Activity, Journal of Financial Economics
• Garriga C., Kydland FE., Sustek R. (2017) Mortgages and Monetary Policy, Review of Financial Studies
• Bas M., Mayer T., Thoenig M. (2017) From micro to macro: Demand and supply-side determinants of the trade elasticity, Journal of International Economics
• Koenig M., Rohner D., Thoenig M., Zilibotti F. (2017) Networks in Conflict Theory and Evidence from the Great War of Africa, Econometrica
• Olaru I., Zachariadis KE. (2017) The Impact of Security Trading on Corporate Restructurings, Review of Finance

Former Academic Staff

• Azmat G. (2017) Gender Gaps in Performance: Evidence from Young Lawyers, Journal of Political Economy
• Battistin E., De Nadai M., Vuri D. (2017) Counting Rotten Apples: Student Achievement and Score Manipulation in Italian Elementary Schools, Journal of Econometrics.
• Angrist J., Battistin E., Vuri D. (2017) In a Small Moment: Class Size and Moral Hazard in the Mezzogiorno, American Economic Journal: Applied Economics
• Farkas W., Gourier E., Huitema R., Necula C. (2017) A two-factor cointegrated commodity price model with an application to spread option pricing, Journal of Banking and Finance