Working Papers

·“Designing Central Banks for Inflation Stability,” CEPR Discussion Paper No. 11402. (July 2016.)

·“Private Money Creation and Equilibrium Liquidity,” CEPR Discussion Paper No. 11242. (April 2016.) (with Roberto Robatto)

·“Non-Neutrality of Open-Market Operations,” CEPR Discussion Paper No. 10594. (May 2015.) (with Salvatore Nisticò)

·“Dynamic Debt Deleveraging and Optimal Monetary Policy,” CEPR Discussion Paper No. 11180. (March 2016.) (with Federica Romei and Gauti Eggertsson)

·“Overconfidence, Subjective Perception and Pricing Behavior,” NBER Working Paper No. 11922. (January 2006.) (with A. Karantounias.)


Working Papers not for publication:

The Inflation-Unemployment Trade-Off at Low Inflation,” NBER Working Paper No. 13986. (April 2008.) (with Luca Antonio Ricci.) It contains additional material with respect to the published version ·“The Inflation-Output Trade-Off with Downward Wage Rigidities,” published in The American Economic Review Vol. 101, No. 4, pp. 1436-1466, (2011).

· Portfolio Choices with Near Rational Agents: A Solution to Some International-Finance Puzzles,” NBER Working Paper No. 13173. (June 2007.) It has been replaced by International Portfolio Allocation under Model Uncertainty,” forthcoming in American Economic Journal: Macroeconomics. (with Salvatore Nisticó.)