Carlo A. Favero

Bocconi University - Department of Economics

Via Gobbi 5

Milan, 20136

Italy

Bocconi University - Department of Finance

Deutsche Bank Professor of Asset Pricing And Quantitative Finance

Via Roentgen 1

Milano, MI 20136

Italy

http://www.igier.unibocconi.it\favero

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • Bocconi University - Department of Economics

  • Bocconi University - Department of Finance

SCHOLARLY PAPERS

82

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21,946

TOTAL CITATIONS
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464

Ideas:
“  Modelling trends in asset prices to predict returns.A proposal for a European Debt Agency  ”

  • Bocconi University - Department of Economics

  • Bocconi University - Department of Finance

Scholarly Papers (82)

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1.

Restarting the Economy While Saving Lives Under COVID-19

Downloads 5,170 ( 3,678)
Citation 55

Restarting the Economy While Saving Lives Under COVID-19

Number of pages: 34 Posted: 22 Apr 2020 Last Revised: 22 Aug 2021
Carlo A. Favero, Andrea Ichino and Aldo Rustichini
Bocconi University - Department of Economics, European University Institute and University of Minnesota - Twin Cities - Department of Economics
Downloads 5,164 (3,639)
Citation 52

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COVID-19, SEIR model, post lock-down policies

Restarting the Economy While Saving Lives Under Covid-19

CEPR Discussion Paper No. DP14664
Number of pages: 48 Posted: 08 May 2020 Last Revised: 29 Jun 2020
Carlo A. Favero, Andrea Ichino and Aldo Rustichini
Bocconi University - Department of Economics, European University Institute and University of Minnesota - Twin Cities - Department of Economics
Downloads 6 (1,316,101)
Citation 3
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2.

Macro Trends and Factor Timing

Number of pages: 54 Posted: 11 Oct 2021
Carlo A. Favero, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 1,289 (33,492)
Citation 1

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Factor Models, Macro-Finance, Factor Timing, SDF, Risk Management.

3.

The Performance of Italian Family Firms

Downloads 1,045 (45,363)
Citation 4

The Performance of Italian Family Firms

ECGI - Finance Working Paper No. 127/2006
Number of pages: 34 Posted: 21 Jul 2006
Fausto Panunzi, Carlo A. Favero, Stefano Giglio and Maddalena Honorati
Bocconi University - Department of Economics, Bocconi University - Department of Economics, Yale School of Management and Università Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 1,009 (46,921)
Citation 4

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Family firms, corporate performance, management style

The Performance of Italian Family Firms

CEPR Discussion Paper No. 5786
Number of pages: 32 Posted: 27 Sep 2006
Carlo A. Favero, Stefano Giglio, Maddalena Honorati and Fausto Panunzi
Bocconi University - Department of Economics, Yale School of Management, Università Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Bocconi University - Department of Economics
Downloads 36 (947,828)
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Family firms, corporate performance, management style

4.

Factor Models with Drifting Prices

Downloads 841 (61,306)
Citation 2

Factor Models with Drifting Prices

Number of pages: 55 Posted: 12 Jul 2019 Last Revised: 21 Aug 2023
Carlo A. Favero, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 838 (60,656)
Citation 2

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Long-Horizon Returns, Predictability, Mispricing, Factor Models, Equilibrium Correction.

Asset Pricing vs Asset Expected Returning in Factor-Portfolio Models

CEPR Discussion Paper No. DP14417
Number of pages: 65 Posted: 03 Mar 2020 Last Revised: 24 Mar 2020
Carlo A. Favero and Alessandro Melone
Bocconi University - Department of Economics and Ohio State University (OSU) - Fisher College of Business
Downloads 3 (1,340,176)
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Dynamic Factor-Portfolio Models, Equilibrium Correction Term, mispricing, return predictability

5.

Why are Brazil's Interest Rates so High?

Number of pages: 44 Posted: 25 Oct 2002
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 789 (66,729)
Citation 18

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6.

Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S.

IGIER Working Paper No. 282
Number of pages: 31 Posted: 14 Feb 2005
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 681 (80,710)
Citation 59

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Active and passive fiscal policy rule, Markov-switching estimation, monetary policy rule

7.

The Output Effect of Fiscal Consolidations

Downloads 611 (92,797)
Citation 2

The Output Effect of Fiscal Consolidations

Number of pages: 53 Posted: 16 Aug 2012
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 525 (110,872)
Citation 2

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fiscal adjustment, output, confidence, investment

The Output Effect of Fiscal Consolidations

NBER Working Paper No. w18336
Number of pages: 60 Posted: 25 Aug 2012 Last Revised: 06 Feb 2023
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 86 (618,832)

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8.

Monetary Policy and Bond Prices with Drifting Equilibrium Rates

Downloads 558 (104,048)
Citation 7

Monetary Policy and Bond Prices with Drifting Equilibrium Rates

Journal of Financial and Quantitative Analysis
Number of pages: 55 Posted: 15 Oct 2020 Last Revised: 19 Oct 2022
Carlo A. Favero, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 556 (103,183)
Citation 1

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Monetary Policy Rule, Secular Trends, Term Structure, Diagnostic Expectations, Bond Return Predictability

Monetary Policy and Bond Prices with Drifting Equilibrium Rates

CEPR Discussion Paper No. DP16629
Number of pages: 54 Posted: 15 Nov 2021
Carlo A. Favero, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 2 (1,347,360)
Citation 6
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Bond Return Predictability, Diagnostic expectations, Monetary Policy Rule, Secular Trends, term structure

9.

How Does Liquidity Affect Government Bond Yields?

Downloads 554 (104,979)
Citation 24

How Does Liquidity Affect Government Bond Yields?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 61 Posted: 26 Jan 2009 Last Revised: 29 Jan 2009
Carlo A. Favero, Marco Pagano and Ernst-Ludwig von Thadden
Bocconi University - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Universitaet Mannheim
Downloads 313 (200,975)
Citation 6

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bond markets, liquidity, risk

How Does Liquidity Affect Government Bond Yields?

Number of pages: 61 Posted: 15 Oct 2008 Last Revised: 20 Oct 2008
Carlo A. Favero, Marco Pagano and Ernst-Ludwig von Thadden
Bocconi University - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Universitaet Mannheim
Downloads 230 (275,812)
Citation 8

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Liquidity, yield differentials, bond markets

How Does Liquidity Affect Government Bond Yields?

CEPR Discussion Paper No. DP6649
Number of pages: 44 Posted: 05 Jun 2008
Carlo A. Favero, Marco Pagano and Ernst-Ludwig von Thadden
Bocconi University - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Universitaet Mannheim
Downloads 11 (1,257,872)
Citation 10
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Bond yields, euro area, liquidity, risk

10.

Valutation, Liquidity and Risk in Government Bond Markets

IGIER Working Paper No. 281
Number of pages: 44 Posted: 07 Feb 2005
Carlo A. Favero, Marco Pagano and Ernst-Ludwig von Thadden
Bocconi University - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Universitaet Mannheim
Downloads 552 (105,447)
Citation 24

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11.

Reversal Patterns in Risk-Adjusted Returns: Evidence of Excess Volatility in Anomalies

Fisher College of Business Working Paper No. 2023-03-020, Charles A. Dice Working Paper No. 2023-20
Number of pages: 88 Posted: 21 Jul 2023 Last Revised: 29 Jan 2025
Carlo A. Favero, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 505 (117,688)

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Factor Models, Return Predictability, Mispricing, Reversal, Excess Volatility

12.

Implications of Return Predictability for Consumption Dynamics and Asset Pricing

Downloads 444 (137,411)
Citation 9

Implications of Return Predictability for Consumption Dynamics and Asset Pricing

Number of pages: 53 Posted: 04 Dec 2012 Last Revised: 23 Jun 2018
Carlo A. Favero, Fulvio Ortu, Andrea Tamoni and Haoxi Yang
Bocconi University - Department of Economics, Bocconi University - Department of Finance, University of Notre Dame - Mendoza College of Business and Sun Yat-sen University (SYSU) - Lingnan (University) College
Downloads 443 (136,228)
Citation 9

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stochastic discount factor, predictors-based bounds, long run

Implications of Return Predictability Across Horizons for Asset Pricing Models

CEPR Discussion Paper No. DP11645
Number of pages: 64 Posted: 22 Nov 2016
Carlo A. Favero, Fulvio Ortu, Andrea Tamoni and Haoxi Yang
Bocconi University - Department of Economics, Bocconi University - Department of Finance, University of Notre Dame - Mendoza College of Business and Sun Yat-sen University (SYSU) - Lingnan (University) College
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asset pricing models, predictors-based bound, return predictability

13.

Extracting Information from Asset Prices: The Methodology of Emu Calculators

Number of pages: 22 Posted: 21 Feb 1998
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi, Fabrizio Iacone and Guido Tabellini
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), London School of Economics & Political Science (LSE) - Department of Economics and Bocconi University - Department of Economics
Downloads 436 (140,347)
Citation 5

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14.

Debt and the Effects of Fiscal Policy

Downloads 419 (146,977)
Citation 5

Debt and the Effects of Fiscal Policy

FRB of Boston Working Paper No. 07-4
Number of pages: 34 Posted: 24 Jul 2007
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 329 (190,579)
Citation 2

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fiscal policy, VAR models

Debt and the Effects of Fiscal Policy

NBER Working Paper No. w12822
Number of pages: 33 Posted: 12 Jan 2007 Last Revised: 16 Jul 2022
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 81 (641,609)
Citation 1

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Debt and the Effects of Fiscal Policy

CEPR Discussion Paper No. DP6092
Number of pages: 29 Posted: 14 May 2008
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 9 (1,283,570)
Citation 2
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Fiscal policy, government budget constraint, public debt, VAR models

15.

Why Is COVID-19 Mortality in Lombardy so High? Evidence from the Simulation of a SEIHCR Model

Number of pages: 15 Posted: 15 Apr 2020
Carlo A. Favero
Bocconi University - Department of Economics
Downloads 407 (151,958)
Citation 19

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COVID-19, Mortality, Lombardy, SEIRHC model

16.

The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets

Downloads 386 (161,235)
Citation 2

The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets

Number of pages: 23 Posted: 26 Jul 2000
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Luca Flabbi
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and RES - Inter-American Development Bank
Downloads 297 (212,715)
Citation 1

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The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets

NBER Working Paper No. w7231
Number of pages: 23 Posted: 26 Oct 1999 Last Revised: 06 Oct 2022
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Luca Flabbi
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and RES - Inter-American Development Bank
Downloads 89 (605,445)
Citation 1

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17.

A Multivariate Model of Strategic Asset Allocation with Longevity Risk

Downloads 367 (170,634)
Citation 3

A Multivariate Model of Strategic Asset Allocation with Longevity Risk

Number of pages: 48 Posted: 24 May 2014
Emilio Bisetti, Giacomo Nocera, Carlo A. Favero and Claudio Tebaldi
Hong Kong University of Science and Technology (HKUST), Audencia Business School, Bocconi University - Department of Economics and Bocconi University - CAREFIN - Centre for Applied Research in Finance
Downloads 250 (254,050)
Citation 1

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Longevity Risk, Strategic Asset Allocation

A Multivariate Model of Strategic Asset Allocation with Longevity Risk

Netspar Discussion Paper No. 05/2015-012
Number of pages: 54 Posted: 30 Jul 2015
Emilio Bisetti, Carlo A. Favero, Giacomo Nocera and Claudio Tebaldi
Hong Kong University of Science and Technology (HKUST), Bocconi University - Department of Economics, Audencia Business School and Bocconi University - CAREFIN - Centre for Applied Research in Finance
Downloads 116 (501,798)

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Longevity risk, strategic asset allocation

A Multivariate Model of Strategic Asset Allocation with Longevity Risk

CEPR Discussion Paper No. DP10595
Number of pages: 55 Posted: 19 May 2015
Emilio Bisetti, Carlo A. Favero, Giacomo Nocera and Claudio Tebaldi
Hong Kong University of Science and Technology (HKUST), Bocconi University - Department of Economics, Audencia Business School and Bocconi University - CAREFIN - Centre for Applied Research in Finance
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Citation 2
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longevity risk, strategic asset allocation

18.

Measuring Co-Movements between Us and European Stock Markets

IGIER Working Paper No. 165
Number of pages: 34 Posted: 17 Jul 2000
Carlo A. Favero and Alessandra Bonfiglioli
Bocconi University - Department of Economics and Institute for International Economic Studies
Downloads 362 (173,186)
Citation 1

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Contagion, Stock Market, Interdependence, Structural Models

19.

Information from Financial Markets and VAR Measures of Monetary Policy

Universita Bocconi, Innocenzo Gasparini Institute for Economic Research Working Paper No.135
Number of pages: 16 Posted: 28 Sep 1998
Carlo A. Favero and Fabio C. Bagliano
Bocconi University - Department of Economics and University of Turin - Department of Economics and Statistics
Downloads 354 (177,519)
Citation 11

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20.

Demographics and the Behavior of Interest Rates

WBS Finance Group Research Paper No. 172
Number of pages: 56 Posted: 29 Feb 2012 Last Revised: 26 Dec 2019
Carlo A. Favero, Arie Eskenazi Gozluklu and Haoxi Yang
Bocconi University - Department of Economics, University of Warwick - Finance Group and Sun Yat-sen University (SYSU) - Lingnan (University) College
Downloads 331 (190,910)
Citation 14

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demographics, term-structure models, forecasting, economic value

21.

Monetary Policy in the COVID Era and Beyond: The Fed vs the ECB

Downloads 307 (206,966)

Monetary Policy in the COVID Era and Beyond: The Fed vs the ECB

Number of pages: 27 Posted: 01 Sep 2023
Carlo A. Favero and Ruben Fernandez-Fuertes
Bocconi University - Department of Economics and Bocconi University - Department of Finance
Downloads 238 (266,656)

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Monetary Policy Rules, Trends and Cycles, Fed, ECB

Monetary Policy in the COVID Era and Beyond: the Fed vs the ECB

BAFFI CAREFIN Centre Research Paper No. 209
Number of pages: 28 Posted: 07 Nov 2023
Carlo A. Favero and Ruben Fernandez-Fuertes
Bocconi University - Department of Economics and Bocconi University - Department of Finance
Downloads 69 (702,490)

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Monetary Policy Rules, Trends and Cycles, Fed, ECB

22.

European Sovereign Debt Risk Management: the Role of a European Debt Agency

Downloads 301 (211,361)
Citation 1

European Sovereign Debt Risk Management: the Role of a European Debt Agency

Number of pages: 52 Posted: 20 Apr 2022 Last Revised: 09 Nov 2023
Massimo Amato, Everardo Belloni, Carlo A. Favero, Lucio Gobbi and Ludovica Priviero
Bocconi University - Department of Policy Analysis and Public Management, Politecnico di Milano-Dipartimento Ingegneria Gestionale, Bocconi University - Department of Economics, University of Trento - Department of Economics and Management and Bocconi University
Downloads 300 (210,482)
Citation 1

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European Debt Agency, European Safe Assets, Debt Management.

Creating a Safe Asset Without Debt Mutualization: The Opportunity of a European Debt Agency

CEPR Discussion Paper No. DP17217
Number of pages: 46 Posted: 27 May 2022
Massimo Amato, Everardo Belloni, Carlo A. Favero and Lucio Gobbi
Bocconi University - Department of Policy Analysis and Public Management, Polytechnic of Milan, Bocconi University - Department of Economics and University of Trento - Department of Economics and Management
Downloads 1 (1,356,142)
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Debt Management, European Debt Agency, European Safe Assets

23.

Long-Run Factors and Fluctuations in Dividend/Price

EFA 2009 Bergen Meetings Paper, WBS Finance Group Research Paper No. 110
Number of pages: 58 Posted: 14 Feb 2009 Last Revised: 23 Dec 2019
Carlo A. Favero, Arie Eskenazi Gozluklu and Andrea Tamoni
Bocconi University - Department of Economics, University of Warwick - Finance Group and University of Notre Dame - Mendoza College of Business
Downloads 291 (218,921)

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error correction, long run predictability, equity premium, demographics

24.

Measuring Monetary Policy with VAR Models: An Evaluation

CEPR Discussion Paper Series No. 1743
Number of pages: 45 Posted: 10 Mar 1998
Carlo A. Favero and Fabio C. Bagliano
Bocconi University - Department of Economics and University of Turin - Department of Economics and Statistics
Downloads 287 (222,148)
Citation 8
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25.

Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates

Downloads 285 (225,394)
Citation 14

Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates

IGIER Working Paper No. 253
Number of pages: 28 Posted: 20 Jan 2004
Carlo A. Favero, Andrea Carriero and Iryna Kaminska
Bocconi University - Department of Economics, Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 262 (242,195)
Citation 1

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Expectations Theory, Macroeconomic information in Finance

Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates

Number of pages: 31 Posted: 19 Apr 2004
Carlo A. Favero, Andrea Carriero and Iryna Kaminska
Bocconi University - Department of Economics, Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 23 (1,120,123)
Citation 13
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Expectations theory, macroeconomic information in finance

26.

Modeling and Identifying Central Banks' Preferences

IGIER Universita Bocconi Working Paper No. 148
Number of pages: 29 Posted: 03 Apr 1999
Carlo A. Favero and Riccardo Rovelli
Bocconi University - Department of Economics and Alma Mater Studiorum - Università di Bologna
Downloads 278 (229,524)
Citation 9

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27.

Monetary-Fiscal Mix and Inflation Performance: Evidence from the U.S.

IGIER Working Paper No. 234
Number of pages: 28 Posted: 04 Jun 2003
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 260 (245,680)
Citation 20

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Monetary and Fiscal Policy Rules, Markov Switching, Inflation

28.

The Immediate Challenges for the European Central Bank

NBER Working Paper No. w6369
Number of pages: 52 Posted: 20 Jun 2000 Last Revised: 29 May 2022
Rudiger Dornbusch, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Massachusetts Institute of Technology (MIT) (Deceased), Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 255 (250,569)
Citation 2

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29.

Long-Run Trends in Demographics, Income Inequality, and the Natural Rate of Interest: Further Evidence

Number of pages: 19 Posted: 03 Nov 2021
Carlo A. Favero, Slađana Krgović, Alessandro Melone and Andrea Tamoni
Bocconi University - Department of Economics, Bocconi University, Ohio State University (OSU) - Fisher College of Business and University of Notre Dame - Mendoza College of Business
Downloads 238 (268,196)

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Monetary Policy Rule, Secular Trends, Demographics, Income Inequality

30.

A Spectral Estimation of Tempered Stable Stochastic Volatility Models and Option Pricing

Number of pages: 29 Posted: 22 Apr 2008 Last Revised: 13 Dec 2010
Junye Li, Carlo A. Favero and Fulvio Ortu
Fudan University - School of Management, Bocconi University - Department of Economics and Bocconi University - Department of Finance
Downloads 237 (269,250)

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Empirical Characteristic Function, Stochastic Volatility, Infinite Activity Jumps, Volatility Jumps, Continuous GMM

31.

Looking for Contagion: Evidence from the Erm

NBER Working Paper No. w7797
Number of pages: 22 Posted: 19 Jul 2000 Last Revised: 26 Oct 2022
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 216 (294,417)

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32.

Modelling the Term Structure with Trends in Yields and Cycles in Excess Returns

Downloads 215 (295,675)

Modelling the Term Structure with Trends in Yields and Cycles in Excess Returns

Number of pages: 45 Posted: 29 Nov 2023
Carlo A. Favero and Ruben Fernandez-Fuertes
Bocconi University - Department of Economics and Bocconi University - Department of Finance
Downloads 150 (407,882)

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Affine Term Structure Models, Trends and Cycles, Term Premia

Modelling the Term Structure with Trends in Yields and Cycles in Excess Returns

BAFFI CAREFIN Centre Research Paper No. 210
Number of pages: 39 Posted: 21 Nov 2023
Carlo A. Favero and Ruben Fernandez-Fuertes
Bocconi University - Department of Economics and Bocconi University - Department of Finance
Downloads 65 (725,391)

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Affine Term Structure Models, Trends and Cycles, Term Premia

33.

Uncertainty on Monetary Policy and the Expectations Model of the Term Structure of Interest Rates

IGIER Working Paper No. 179
Number of pages: 11 Posted: 05 Apr 2001
Carlo A. Favero and Federico Mosca
Bocconi University - Department of Economics and Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research
Downloads 213 (298,301)
Citation 1

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forward-looking reaction functions, term structure of interest rates, expectations model

34.

Term Structure Forecasting: No-Arbitrage Restrictions versus Large Information Set

Paolo Baffi Centre Research Paper No. 2009-44, Carlo Favero, Linlin Niu, Luca Sala, “Term Structure Forecasting: No-arbitrage Restrictions versus Large Information set”,Journal of Forecasting, 31(2), pp. 124-156, March 2012.
Number of pages: 48 Posted: 04 May 2009 Last Revised: 22 Jan 2022
Carlo A. Favero, Linlin Niu and Luca Sala
Bocconi University - Department of Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 212 (299,655)
Citation 13

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Yield curve, term structure of interest rates, forecasting

35.

The Predictive Power of the Yield Spread: Further Evidence and a Structural Interpretation

Downloads 187 (336,600)
Citation 16

The Predictive Power of the Yield Spread: Further Evidence and a Structural Interpretation

IGIER Working Paper No. 280
Number of pages: 34 Posted: 03 Feb 2005
Carlo A. Favero, Iryna Kaminska and Ulf Söderström
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Central Bank of Sweden - Research Department
Downloads 167 (371,733)
Citation 15

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Yield curve, term structure of interest rates, predictability, forecasting, GDP growth, estimated Euler equation

The Predictive Power of the Yield Spread: Further Evidence and a Structural Interpretation

Number of pages: 36 Posted: 14 Jun 2005
Carlo A. Favero, Iryna Kaminska and Ulf Söderström
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Central Bank of Sweden - Research Department
Downloads 20 (1,133,503)
Citation 1
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Yield curve, term structure of interest rates, predictability, forecasting, GDP growth, estimated Euler equation

36.

Macroeconomic Stability and the Preferences of the Fed. A Formal Analysis, 1961-98

Number of pages: 18 Posted: 18 Aug 2001
Carlo A. Favero and Riccardo Rovelli
Bocconi University - Department of Economics and Alma Mater Studiorum - Università di Bologna
Downloads 187 (336,600)
Citation 19

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Interest rate rules, central bank preferences, US monetary policy

37.

Forecasting Italian Inflation with Large Datasets and Many Models

IGIER Working Paper No. 269
Number of pages: 50 Posted: 15 Oct 2004
Carlo A. Favero, Ottavio Ricchi and Cristian Tegami
Bocconi University - Department of Economics, Government of the Italian Republic (Italy) - Ministry of Economy and Finance - RGS and Government of the Italian Republic (Italy) - Department of the Treasury
Downloads 156 (394,616)
Citation 2

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38.

Consumption, Wealth, the Elasticity of Intertemporal Substitution and Long-Run Stock Market Returns

Downloads 146 (416,660)
Citation 13

Consumption, Wealth, the Elasticity of Intertemporal Substitution and Long-Run Stock Market Returns

IGIER Working Paper No. 291
Number of pages: 30 Posted: 10 Jun 2005
Carlo A. Favero
Bocconi University - Department of Economics
Downloads 122 (482,265)
Citation 13

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Cointegrating consumption function, long-run stock market returns, elasticity of intertemporal substitution

Consumption, Wealth, the Elasticity of Intertemporal Substitution and Long-Run Stock Market Returns

CEPR Discussion Paper No. 5110
Number of pages: 32 Posted: 08 Aug 2005
Carlo A. Favero
Bocconi University - Department of Economics
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Cointegrating consumption function, long-run stock market returns, elasticity of intertemporal substitution

39.

Modelling and Forecasting Fiscal Variables for the Euro Area

Downloads 144 (421,174)
Citation 7

Modelling and Forecasting Fiscal Variables for the Euro Area

IGIER Working Paper No. 298
Number of pages: 33 Posted: 09 Oct 2005
Carlo A. Favero and Massimiliano Giuseppe Marcellino
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 126 (470,023)
Citation 4

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Fiscal forecasting, forecast comparison, fiscal rules, euro area

Modelling and Forecasting Fiscal Variables for the Euro Area

CEPR Discussion Paper No. 5294
Number of pages: 35 Posted: 29 Dec 2005
Carlo A. Favero and Massimiliano Giuseppe Marcellino
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 18 (1,160,550)
Citation 3
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Fiscal forecasting, forecast comparison, fiscal rules, euro area

40.

Demographics and the Term Structure of Stock Market Risk

Number of pages: 28 Posted: 22 Feb 2010 Last Revised: 20 May 2010
Andrea Tamoni and Carlo A. Favero
University of Notre Dame - Mendoza College of Business and Bocconi University - Department of Economics
Downloads 139 (433,126)

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Dynamic Dividend Growth Model, Long Run Returns Predictability, Demographics

41.

High Yields: The Spread on German Interest Rates

Downloads 126 (468,115)

High Yields: The Spread on German Interest Rates

NBER Working Paper No. w5408
Number of pages: 46 Posted: 05 Sep 2000 Last Revised: 13 Oct 2022
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Luigi Spaventa
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Rome
Downloads 102 (553,000)

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High Yields: The Spread on German Interest Rates

Number of pages: 49 Posted: 18 Nov 2001
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Luigi Spaventa
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Rome
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Yield differentials, high yielders

High Yields: The Spread on German Interest Rates

IGIER WP 102
Posted: 13 Feb 2001
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Luigi Spaventa
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and University of Rome

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42.

Inflation Targeting and Debt: Lessons from Brazil

Downloads 113 (508,621)
Citation 1

Inflation Targeting and Debt: Lessons from Brazil

NBER Working Paper No. w10390
Number of pages: 23 Posted: 06 Apr 2004 Last Revised: 23 Nov 2022
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 98 (568,817)

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Inflation Targeting and Debt: Lessons from Brazil

Number of pages: 25 Posted: 01 Jun 2004
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 15 (1,202,385)
Citation 1
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EMBI spreads, risk premium, inflation targeting, fiscal policy, Brazil

43.

The Network Effects of Fiscal Adjustments 

Number of pages: 64 Posted: 28 Nov 2021
Edoardo Briganti, Carlo A. Favero and Madina Karamysheva
University of California, San Diego, Bocconi University - Department of Economics and National Research University Higher School of Economics (Moscow)
Downloads 111 (515,405)
Citation 1

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industrial networks, fiscal adjustment plans, output growth, applied spatial econometrics

44.

Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability

Downloads 106 (533,120)
Citation 3

Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability

ECB Working Paper No. 926
Number of pages: 64 Posted: 21 Aug 2008
Roberto A. De Santis, Carlo A. Favero and Barbara Roffia
European Central Bank (ECB) - Directorate General Economics, Bocconi University - Department of Economics and European Central Bank (ECB)
Downloads 103 (549,041)

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Euro area money demand, inflation forecasts, monetary policy, portfolio allocation

Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability

CEPR Discussion Paper No. DP8957
Number of pages: 48 Posted: 25 May 2012
Roberto A. De Santis, Carlo A. Favero and Barbara Roffia
European Central Bank (ECB) - Directorate General Economics, Bocconi University - Department of Economics and European Central Bank (ECB)
Downloads 3 (1,340,176)
Citation 3
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Euro area money demand, inflation forecasts, monetary policy, portfolio allocation

45.

Stabilising Market Expectations through a Market Tool: a Proposal for An Enhanced TPI

Number of pages: 20 Posted: 09 Jan 2023
Massimo Amato, Everardo Belloni, Carlo A. Favero, Lucio Gobbi and Francesco Saraceno
Bocconi University - Department of Policy Analysis and Public Management, Politecnico di Milano-Dipartimento Ingegneria Gestionale, Bocconi University - Department of Economics, University of Trento - Department of Economics and Management and Observatoire Francais des Conjonctures Economiques, Paris (OFCE)
Downloads 94 (578,703)

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TPI, European Debt Agency, Safe Asset, Eurobonds, Public Debt, Financial Stability

46.

The Effects of Fiscal Consolidations: Theory and Evidence

Downloads 83 (624,150)
Citation 1

The Effects of Fiscal Consolidations: Theory and Evidence

NBER Working Paper No. w23385
Number of pages: 66 Posted: 08 May 2017 Last Revised: 26 May 2023
Alberto F. Alesina, Omar Barbiero, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Matteo Paradisi
Harvard University - Department of Economics, Harvard University, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Einaudi Institute for Economics and Finance (EIEF)
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The Effects of Fiscal Consolidations: Theory and Evidence

CEPR Discussion Paper No. DP12016
Number of pages: 66 Posted: 08 May 2017
Alberto F. Alesina, Omar Barbiero, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Matteo Paradisi
Harvard University - Department of Economics, Harvard University, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Einaudi Institute for Economics and Finance (EIEF)
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Citation 1
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fiscal consolidation plans, Fiscal multipliers

47.

Austerity in 2009-2013

Downloads 66 (706,854)

Austerity in 2009-2013

NBER Working Paper No. w20827
Number of pages: 58 Posted: 12 Jan 2015 Last Revised: 29 May 2023
Alberto F. Alesina, Omar Barbiero, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Matteo Paradisi
Harvard University - Department of Economics, Harvard University, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Einaudi Institute for Economics and Finance (EIEF)
Downloads 63 (737,376)

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Austerity in 2009-2013

CEPR Discussion Paper No. DP10347
Number of pages: 60 Posted: 23 Jan 2015
Alberto F. Alesina, Omar Barbiero, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Matteo Paradisi
Harvard University - Department of Economics, Harvard University, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Einaudi Institute for Economics and Finance (EIEF)
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confidence, fiscal adjustment, investment

48.

Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

Downloads 51 (800,067)
Citation 5

Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

NBER Working Paper No. w17272
Number of pages: 36 Posted: 08 Aug 2011 Last Revised: 13 Mar 2022
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Jacopo Perego
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Bocconi University
Downloads 45 (865,670)

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Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

CEPR Discussion Paper No. DP8517
Number of pages: 38 Posted: 12 Aug 2011
Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Jacopo Perego
Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Bocconi University
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Citation 5
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fiscal policy, global VAR models, government budget constraint, public debt

49.

How Large are the Effects of Tax Changes?

Downloads 50 (807,123)

How Large are the Effects of Tax Changes?

NBER Working Paper No. w15303
Number of pages: 21 Posted: 31 Aug 2009 Last Revised: 26 Apr 2023
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 45 (865,670)

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How Large are the Effects of Tax Changes?

CEPR Discussion Paper No. DP7439
Number of pages: 23 Posted: 07 Oct 2009
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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fiscal policy, government budget constraint, public debt, VAR models

50.

What Do We Know About the Effects of Austerity?

Downloads 40 (886,557)
Citation 8

What Do We Know About the Effects of Austerity?

NBER Working Paper No. w24246
Number of pages: 16 Posted: 29 Jan 2018 Last Revised: 02 Apr 2023
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 39 (918,775)

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What Do We Know About the Effects of Austerity?

CEPR Discussion Paper No. DP12655
Number of pages: 18 Posted: 29 Jan 2018
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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Citation 8
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austerity

51.

Model Uncertainty, Thick Modelling and the Predictability of Stock Returns

Number of pages: 43 Posted: 16 Sep 2003
Marco Aiolfi and Carlo A. Favero
QMA and Bocconi University - Department of Economics
Downloads 38 (904,479)
Citation 5
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52.

Is it the "How" or the "When" that Matters in Fiscal Adjustments?

Downloads 36 (923,108)
Citation 6

Is it the "How" or the "When" that Matters in Fiscal Adjustments?

NBER Working Paper No. w22863
Number of pages: 52 Posted: 28 Nov 2016 Last Revised: 22 Jun 2023
Alberto F. Alesina, Gualtiero Azzalini, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Armando Miano
Harvard University - Department of Economics, Stockholm School of Economics, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Harvard University
Downloads 35 (957,780)

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Is it the 'How' or the 'When' that Matters in Fiscal Adjustments?

CEPR Discussion Paper No. DP11644
Number of pages: 44 Posted: 22 Nov 2016
Alberto F. Alesina, Gualtiero Azzalini, Carlo A. Favero, Francesco Giavazzi, Francesco Giavazzi and Armando Miano
Harvard University - Department of Economics, Stockholm School of Economics, Bocconi University - Department of Economics, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Harvard University
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Citation 6
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fiscal adjustments plans, Fiscal multipliers, State-dependency, output effect

53.

ITFIN: A Stock-Flow Consistent Model for the Italian Economy

Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No. 4
Number of pages: 96 Posted: 18 Dec 2023
Riccardo Barbieri Hermitte, Alberto Cagnazzo, Carlo A. Favero, Francesco Felici, Valeria Macauda, Francesco Nucci and Cristian Tegami
Ministry of Economy and Finance, Italy, LUISS Guido Carli University, Department of Economics, Bocconi University - Department of Economics, Government of the Italian Republic (Italy) - Ministry of Economy and Finance - Department of the Treasury, Sogei S.p.A., University of Rome I and Sogei S.p.A.
Downloads 34 (942,229)

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Stock-ow consistent models, Macroeconometric models

54.

Monetary Policy in the Euro Area: Lessons from Five Years of ECB and Implications for Turkey

CEPR Discussion Paper No. 5101
Number of pages: 49 Posted: 08 Aug 2005
Fabio Canova and Carlo A. Favero
BI Norwegian Business School and Bocconi University - Department of Economics
Downloads 33 (952,089)
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Pillars, communication, transmission, EU newcomers

55.

The Network Effects of Fiscal Adjustments

Number of pages: 85 Posted: 23 Apr 2024
Madina Karamysheva, Edoardo Briganti and Carlo A. Favero
National Research University Higher School of Economics (Moscow), University of California, San Diego and Bocconi University - Department of Economics
Downloads 29 (993,396)

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industrial networks, fiscal adjustment plans, output growth, applied spatial econometrics

56.

Fiscal Policy and the Term Structure: Evidence from the Case of Italy in the EMS and the Emu Periods

CEPR Discussion Paper No. 5793
Number of pages: 41 Posted: 10 Oct 2006
Carlo A. Favero and Stefano Giglio
Bocconi University - Department of Economics and Yale School of Management
Downloads 28 (1,004,307)
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Fiscal policy, term structure, regime-switching, Bayesian estimation

57.

Monetary-Fiscal Mix and Inflation Performance: Evidence from the Us

Number of pages: 30 Posted: 17 Jun 2003
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 28 (1,004,307)
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Monetary and fiscal policy rules, Markov switching, inflation

58.

Does Macroeconomics Help Us to Understand the Term Structure of Interest Rates?

Number of pages: 34 Posted: 26 Jun 2001
Carlo A. Favero
Bocconi University - Department of Economics
Downloads 28 (1,004,307)
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Small macro-models, term structure of interest rates, expectations model

59.

Sovereign Spreads in the Euro Area: Which Prospects for a Eurobond?

CEPR Discussion Paper No. DP8637
Number of pages: 42 Posted: 24 Nov 2011
Carlo A. Favero and Alessandro Missale
Bocconi University - Department of Economics and University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)
Downloads 27 (1,015,480)
Citation 6
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contagion, Eurobonds, sovereign debt crisis

60.

How Do European Monetary and Fiscal Authorities Behave?

Number of pages: 37 Posted: 13 Aug 2002
Carlo A. Favero
Bocconi University - Department of Economics
Downloads 26 (1,026,713)
Citation 1
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Monetary policy, fiscal policy, euro area

61.

Large Datasets, Small Models and Monetary Policy in Europe

Number of pages: 31 Posted: 08 Jan 2002
Carlo A. Favero and Massimiliano Giuseppe Marcellino
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 22 (1,074,193)
Citation 1
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Monetary policy, small models, dynamic factors

62.

Uncertainty on Monetary Policy and the Expectational Model of the Term Structure of Interest Rates

Number of pages: 17 Posted: 17 Apr 2001
Carlo A. Favero and Federico Mosca
Bocconi University - Department of Economics and Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research
Downloads 22 (1,074,193)
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Expectations model, forward-looking reaction functions, term structure of interest rates

63.

Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the United States?

Downloads 21 (1,086,699)
Citation 2

Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the United States?

Number of pages: 35 Posted: 16 Nov 2001
Carlo A. Favero, Fabrizio Iacone and Marco Pifferi
Bocconi University - Department of Economics, London School of Economics & Political Science (LSE) - Department of Economics and London School of Economics & Political Science (LSE)
Downloads 21 (1,120,123)
Citation 2
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Expectations, institutional forces, monetary policy

Monetary Policy, Forward Rates and Long Rates: Does Germany Differ from the United States?

CEPR Discussion Paper Series No. 1456
Posted: 17 Mar 1997
Marco Pifferi, Fabrizio Iacone and Carlo A. Favero
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) - Department of Economics and Bocconi University - Department of Economics

Abstract:

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64.

Parameter Instability, Model Uncertainty and the Choice of Monetary Policy

Number of pages: 33 Posted: 02 Jun 2005
Carlo A. Favero and Fabio Milani
Bocconi University - Department of Economics and University of California, Irvine - Department of Economics
Downloads 17 (1,137,264)
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Model uncertainty, parameter instability, optimal monetary policy

65.

On the Statistical Identification of DSGE Models

CEPR Discussion Paper No. DP7176
Number of pages: 46 Posted: 18 Feb 2009
Agostino Consolo, Carlo A. Favero and Alessia Paccagnini
Bocconi University, Bocconi University - Department of Economics and University College Dublin (UCD) - Michael Smurfit Graduate School of Business
Downloads 13 (1,188,826)
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Bayesian analysis, Dynamic stochastic general equilibrium model, Factor-Augmented Vector Autoregression, Model evaluation

66.

Reconciling VAR-Based and Narrative Measures of the Tax-Multiplier

CEPR Discussion Paper No. DP7769
Number of pages: 26 Posted: 05 Apr 2010
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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fiscal policy, government budget constraint, public debt, VAR models

67.

Austerity and Public Debt Dynamics

CEPR Discussion Paper No. DP14072
Number of pages: 45 Posted: 23 Oct 2019
Carlo A. Favero and Pierfrancesco Mei
Bocconi University - Department of Economics and Harvard University
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austerity, fiscal adjustment plans, output growth, public debt

68.

Demographic Trends, the Dividend-Price Ratio and the Predictability of Long-Run Stock Market Returns

CEPR Discussion Paper No. DP7734
Number of pages: 50 Posted: 17 Mar 2010
Carlo A. Favero, Arie Eskenazi Gozluklu and Andrea Tamoni
Bocconi University - Department of Economics, University of Warwick - Finance Group and University of Notre Dame - Mendoza College of Business
Downloads 7 (1,256,085)
Citation 18
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demographics, dynamic dividend growth model, long run returns predictability

69.

Demographics and the Secular Stagnation Hypothesis in Europe

CEPR Discussion Paper No. DP10887
Number of pages: 50 Posted: 20 Oct 2015
Carlo A. Favero, Vincenzo Galasso and Vincenzo Galasso
Bocconi University - Department of Economics and Centre for Economic Policy Research (CEPR)Bocconi University
Downloads 5 (1,272,100)
Citation 5
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Europe, growth, real interest rates, stochastic mortality

70.

Should the Euro Area Be Run as a Closed Economy?

CEPR Discussion Paper No. DP6654
Number of pages: 14 Posted: 05 Jun 2008
Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 5 (1,272,100)
Citation 1
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DSGE models, ECB, monetary policy, yield curve

71.

Monetary Policy Inertia: More a Fiction than a Fact?

CEPR Discussion Paper No. DP7341
Number of pages: 16 Posted: 26 Aug 2009
Agostino Consolo and Carlo A. Favero
Bocconi University and Bocconi University - Department of Economics
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Citation 5
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Monetary Policy Rulkes, Weak Identification

72.

Term Structure Forecasting: No-Arbitrage Restrictions vs. Large Information Set

CEPR Discussion Paper No. DP6206
Number of pages: 35 Posted: 21 May 2008
Carlo A. Favero, Linlin Niu and Luca Sala
Bocconi University - Department of Economics, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 4 (1,278,695)
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Factor models, forecasting, large data set, term structure of interest rates, yield curve

73.

What Do We Know About Fiscal Multipliers?

CEPR Discussion Paper No. DP10986
Number of pages: 41 Posted: 16 Dec 2015
Carlo A. Favero and Madina Karamysheva
Bocconi University - Department of Economics and National Research University Higher School of Economics (Moscow)
Downloads 3 (1,284,657)
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fiscal adjustment, fiscal plans, output growth

74.

The Output Effect of Fiscal Consolidations

CEPR Discussion Paper No. DP9105
Number of pages: 56 Posted: 28 Sep 2012
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 3 (1,284,657)
Citation 3
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confidence, fiscal adjustment, investment, output

75.

The Network Effects of Fiscal Adjustments

CEPR Discussion Paper No. DP13017
Number of pages: 35 Posted: 03 Jul 2018
Edoardo Briganti, Carlo A. Favero and Madina Karamysheva
Bocconi University, Bocconi University - Department of Economics and National Research University Higher School of Economics (Moscow)
Downloads 2 (1,290,434)
Citation 2
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fiscal adjustment plans, industrial networks, output growth

76.

Effects of Austerity: Expenditure- and Tax-Based Approaches

CEPR Discussion Paper No. DP13565
Number of pages: 37 Posted: 07 Mar 2019 Last Revised: 11 Mar 2019
Alberto F. Alesina, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Harvard University - Department of Economics, Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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austerity, fiscal adjustment plans, output growth

77.

Nudging Financial and Demographic Literacy: Experimental Evidence from an Italian Pension Fund

BAFFI CAREFIN Centre Research Paper No. 67
Posted: 04 Jan 2018 Last Revised: 23 Oct 2022
Francesco C. Billari, Carlo A. Favero and Francesco Saita
Bocconi University - Department of Policy Analysis and Public Management, Bocconi University - Department of Economics and Bocconi University - Department of Finance

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pensions, financial literacy, demographic literacy, field experiment, Finlife

78.

A Duration Model of Irreversible Oil Investment: Theory and Empirical Evidence

Journal of Applied Econometrics, 9, pp. S95-S112, 1994
Posted: 23 Sep 2009 Last Revised: 01 May 2012
Carlo A. Favero, M. Hashem Pesaran and Sunil Sharma
Bocconi University - Department of Economics, University of Southern California - Department of Economics and George Washington University - Elliott School of International Affairs

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79.

Explaining Co-Movements between Stock Markets: The Case of Us and Germany

Journal of International Money and Finance, Vol. 24, No.8, pp. 1299-1316, December 2005
Posted: 21 Sep 2006
Alessandra Bonfiglioli and Carlo A. Favero
Universitat Pompeu Fabra, Economics Department and Bocconi University - Department of Economics

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Contagion, Stock Market, Interdependence, Structural Models

80.

Yield Spreads on Emu Government Bonds

Posted: 29 Dec 2004
Alessandro Missale and Carlo A. Favero
University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) and Bocconi University - Department of Economics

Abstract:

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Bond market integration, credit risk, government bonds, liquidity premium, yield spreads

81.

Measuring Monetary Policy in Open Economies

IGIER Working Paper No. 133
Posted: 24 Aug 1998
Carlo A. Favero, Fabio C. Bagliano and Francesco Franco
Bocconi University - Department of Economics, University of Turin - Department of Economics and Statistics and affiliation not provided to SSRN

Abstract:

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82.

A Red Letter Day?

CEPR Discussion Paper Series Number 1804
Posted: 05 Aug 1998
Rudiger Dornbusch, Carlo A. Favero, Francesco Giavazzi and Francesco Giavazzi
Massachusetts Institute of Technology (MIT) (Deceased), Bocconi University - Department of Economics and National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)

Abstract:

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