Francesco Bianchi

Duke University

100 Fuqua Drive

Durham, NC 27708-0204

United States

SCHOLARLY PAPERS

22

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1,855

SSRN CITATIONS
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Top 2,398

in Total Papers Citations

154

CROSSREF CITATIONS

282

Scholarly Papers (22)

Rare Events, Financial Crises, and the Cross-Section of Asset Returns

AFA 2011 Denver Meetings Paper
Number of pages: 45 Posted: 17 Mar 2010 Last Revised: 06 May 2010
Francesco Bianchi
Duke University
Downloads 176 (172,144)
Citation 11

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Rare Events, Financial Crises, and the Cross-Section of Asset Returns

Economics Research Initiatives at Duke (ERID) Working Paper No. 41
Number of pages: 43 Posted: 19 Apr 2010 Last Revised: 17 Mar 2015
Francesco Bianchi
Duke University
Downloads 164 (183,109)
Citation 10

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G01, G12, C32

The Great Depression and the Great Recession: A View from Financial Markets

NBER Working Paper No. w21056
Number of pages: 53 Posted: 30 Mar 2015
Francesco Bianchi
Duke University
Downloads 14 (584,755)

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Rare Events, Financial Crises, and the Cross-Section of Asset Returns

CEPR Discussion Paper No. DP10520
Number of pages: 44 Posted: 01 Apr 2015
Francesco Bianchi
Duke University
Downloads 1 (690,174)
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financial crises, Great Depression, Great Recession, Intertemporal CAPM, Markov-switching VAR

2.
Downloads 259 (118,900)
Citation 4

Dynamics of the Term Structure of UK Interest Rates

Economics Research Initiatives at Duke (ERID) Working Paper No. 39
Number of pages: 37 Posted: 19 Apr 2010
Francesco Bianchi, Haroon Mumtaz and Paolo Surico
Duke University, University of London - School of Sciences and London Business School - Department of Economics
Downloads 171 (176,623)
Citation 6

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Term structure, time-varying VAR, Bayesian estimation

Dynamics of the Term Structure of UK Interest Rates

Bank of England Working Paper No. 363
Number of pages: 36 Posted: 23 Mar 2009
Francesco Bianchi, Haroon Mumtaz and Paolo Surico
Duke University, University of London - School of Sciences and London Business School - Department of Economics
Downloads 88 (292,877)
Citation 5

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Term structure, time-varying VAR, Bayesian estimation

Globalization and Inflation: Structural Evidence from a Time Varying VAR Approach

Economic Research Initiatives at Duke (ERID) Working Paper No. 157
Number of pages: 48 Posted: 28 Sep 2013
Francesco Bianchi and Andrea Civelli
Duke University and University of Arkansas
Downloads 156 (191,192)
Citation 3

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Globalization, Infl‡ation, Time-variation, VAR

Globalization and Inflation: Structural Evidence from a Time Varying VAR Approach

Number of pages: 47 Posted: 28 Aug 2013
Francesco Bianchi and Andrea Civelli
Duke University and University of Arkansas
Downloads 49 (402,302)
Citation 2

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globalization, inflation, time-variation, VAR

4.

Regime Switches, Agents’ Beliefs, and Post-World War II U.S. Macroeconomic Dynamics

Economic Research Initiatives at Duke (ERID) Working Paper No. 120
Number of pages: 38 Posted: 24 Jan 2012 Last Revised: 06 Jun 2013
Francesco Bianchi
Duke University
Downloads 156 (190,895)
Citation 1

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5.
Downloads 145 (202,843)
Citation 24

Escaping the Great Recession

Economic Research Initiatives at Duke (ERID) Working Paper No. 156
Number of pages: 51 Posted: 28 Sep 2013 Last Revised: 13 Mar 2015
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 99 (271,107)

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Policy uncertainty, zero lower bound, macroeconomic uncertainty, Markov-switching models, shock-specifi…c policy rules

Escaping the Great Recession

FRB of Chicago Working Paper No. 2014-17
Number of pages: 51 Posted: 14 Dec 2014
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 23 (525,522)

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Public Debt, Inflation, Zero Lower Bound, Uncertainty, Macroeconomic Instability, Policy Announcements

Escaping the Great Recession

FRB of Chicago Working Paper No. WP-2016-16
Number of pages: 48 Posted: 17 Nov 2016
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 12 (598,610)
Citation 26

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Monetary and fiscal policies, Policy uncertainty, zero lower bound, Markov-switching models, Bayesian methods

Escaping the Great Recession

NBER Working Paper No. w20238
Number of pages: 64 Posted: 23 Jun 2014
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 11 (605,569)
Citation 2

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Escaping the Great Recession

CEPR Discussion Paper No. DP9643
Number of pages: 45 Posted: 17 Sep 2013
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
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Citation 1
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Markov-switching DSGE, Monetary and fiscal policy interaction, shock-specific policy rules, Uncertainty, zero lower bound

6.

Monetary/Fiscal Policy Mix and Agents’ Beliefs

Economic Research Initiatives at Duke (ERID) Working Paper No. 119
Number of pages: 46 Posted: 25 Jan 2012 Last Revised: 13 Mar 2015
Francesco Bianchi and Cosmin L. Ilut
Duke University and Duke University
Downloads 141 (207,459)

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Fiscal policy, monetary policy, infl‡ation, Markov-switching DSGE, Bayesian methods.

7.

Regime Switches, Agents' Beliefs, and Post-World War II U.S. Macroeconomic Dynamics

Economics Research Initiatives at Duke (ERID) Working Paper No. 40
Number of pages: 60 Posted: 19 Apr 2010
Francesco Bianchi
Duke University
Downloads 125 (228,134)
Citation 55

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Modeling the Evolution of Expectations and Uncertainty in General Equilibrium

Economic Research Initiatives at Duke (ERID) Working Paper No. 152, PIER Working Paper No. 13-042
Number of pages: 48 Posted: 08 Jun 2013 Last Revised: 13 Mar 2015
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 94 (280,658)
Citation 1

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Markov switching, general equilibrium models, uncertainty, Bayesian learning, rational expectations

Modeling the Evolution of Expectations and Uncertainty in General Equilibrium

FRB of Chicago Working Paper No. 2013-12
Number of pages: 55 Posted: 02 Nov 2013
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 20 (545,082)
Citation 3

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Markov switching, general equilibrium models, uncertainty, Bayesian learning, rational expectations, downside risk, rare disasters

Modeling the Evolution of Expectations and Uncertainty in General Equilibrium

International Economic Review, Vol. 57, Issue 2, pp. 717-756, 2016
Number of pages: 40 Posted: 29 Apr 2016
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 1 (690,174)
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Constrained Discretion and Central Bank Transparency

Economic Research Initiatives at Duke (ERID) Working Paper No. 151, PIER Working Paper No. 13-041
Number of pages: 50 Posted: 08 Jun 2013 Last Revised: 13 Mar 2015
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 63 (355,922)

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Policy Announcements, Bayesian learning, reputation, macroeconomic risk, uncertainty, infl‡ation expectations, Markov-switching models, likelihood estimation

Constrained Discretion and Central Bank Transparency

FRB of Chicago Working Paper No. WP-2016-15
Number of pages: 70 Posted: 17 Nov 2016
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 13 (591,587)

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Policy announcement, Bayesian learning, reputation, forward guidance, macroeco-nomic risk, uncertainty, inflation expectations, Markov-switching models, likelihood estimation

Constrained Discretion and Central Bank Transparency

FRB of Chicago Working Paper No. 2014-16
Number of pages: 55 Posted: 14 Dec 2014
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 11 (605,569)

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Macroeconomic Risks; Uncertainty; Policy trade-off; Welfare

Constrained Discretion and Central Bank Transparency

NBER Working Paper No. w20566
Number of pages: 49 Posted: 14 Oct 2014
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 6 (641,258)
Citation 1

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10.
Downloads 68 (337,527)
Citation 7

Growth, Slowdowns, and Recoveries

Economic Research Initiatives at Duke (ERID) Working Paper No. 184
Number of pages: 39 Posted: 16 Mar 2015 Last Revised: 11 Apr 2015
Francesco Bianchi and Howard Kung
Duke University and London Business School
Downloads 58 (371,305)
Citation 4

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DSGE model, Endogenous growth, Technology Diffusion, Business cycles, Bayesian Methods

Growth, Slowdowns, and Recoveries

NBER Working Paper No. w20725
Number of pages: 38 Posted: 08 Dec 2014
Francesco Bianchi, Howard Kung and Gonzalo Morales
Duke University, London Business School and University of Alberta
Downloads 10 (612,698)

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Growth, Slowdowns, and Recoveries

CEPR Discussion Paper No. DP10291
Number of pages: 44 Posted: 08 Dec 2014 Last Revised: 11 Dec 2017
Francesco Bianchi, Howard Kung and Gonzalo Morales
Duke University, London Business School and University of Alberta
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Bayesian methods, business cycles, DSGE model, endogenous growth, technology diffusion

11.

Threats to Central Bank Independence: High-Frequency Evidence with Twitter

Number of pages: 35 Posted: 24 Sep 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 46 (405,775)

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Central bank independence, monetary policy, fed funds target, high-frequency identification, twitter

12.

Dormant Shocks and Fiscal Virtue

Economic Research Initiatives at Duke (ERID) Working Paper No. 150, PIER Working Paper No. 13-032
Number of pages: 44 Posted: 07 Jun 2013 Last Revised: 12 Aug 2013
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 43 (416,739)
Citation 1

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Fiscal Policy, Monetary Policy, Agents’ beliefs, Markov-switching models, Bayesian learning, Infl‡ation

13.

Monetary Policy and Asset Valuation

NBER Working Paper No. w22572
Number of pages: 78 Posted: 31 Aug 2016 Last Revised: 02 Sep 2016
Francesco Bianchi, Martin Lettau and Sydney C. Ludvigson
Duke University, University of California - Haas School of Business and New York University - Department of Economics
Downloads 27 (486,900)

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A Generalized Approach to Indeterminacy in Linear Rational Expectations Models

FEDS Working Paper No. 2019-033
Number of pages: 60 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Francesco Bianchi and Giovanni Nicolò
Duke University and Board of Governors of the Federal Reserve System
Downloads 12 (598,610)

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Bayesian methods, General Equilibrium, Indeterminacy, Solution method

A Generalized Approach to Indeterminacy in Linear Rational Expectations Models

NBER Working Paper No. w23521
Number of pages: 55 Posted: 19 Jun 2017
Francesco Bianchi and Giovanni Nicolò
Duke University and Board of Governors of the Federal Reserve System
Downloads 8 (626,768)

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A Generalized Approach to Indeterminacy in Linear Rational Expectations Models

CEPR Discussion Paper No. DP12130
Number of pages: 57 Posted: 10 Jul 2017
Francesco Bianchi and Giovanni Nicolò
Duke University and Board of Governors of the Federal Reserve System
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Citation 1
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Bayesian methods., General Equilibrium, Indeterminacy, Solution method

Uncertainty Shocks, Asset Supply and Pricing Over the Business Cycle

NBER Working Paper No. w20081
Number of pages: 63 Posted: 06 May 2014
Francesco Bianchi, Cosmin L. Ilut and Martin Schneider
Duke University, Duke University and Stanford University
Downloads 16 (571,213)

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Uncertainty Shocks, Asset Supply and Pricing Over the Business Cycle

CEPR Discussion Paper No. DP11950
Number of pages: 65 Posted: 04 Apr 2017
Francesco Bianchi, Cosmin L. Ilut and Martin Schneider
Duke University, Duke University and Stanford University
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Citation 2
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Asset Pricing, Business cycle, DSGE, Markov-switching

Threats to Central Bank Independence: High-Frequency Identification with Twitter

NBER Working Paper No. w26308
Number of pages: 36 Posted: 23 Sep 2019
Francesco Bianchi, Howard Kung and Thilo Kind
Duke University, London Business School and London Business School
Downloads 13 (591,587)
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Threats to Central Bank Independence: High-Frequency Identification with Twitter

CEPR Discussion Paper No. DP14021
Number of pages: 38 Posted: 07 Oct 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
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central bank independence, fed funds target, High-Frequency Identification, monetary policy, Twitter

The Dire Effects of the Lack of Monetary and Fiscal Coordination

NBER Working Paper No. w23605
Number of pages: 49 Posted: 25 Jul 2017
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 7 (633,968)

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The Dire Effects of the Lack of Monetary and Fiscal Coordination

FRB of Chicago Working Paper No. WP-2017-19
Number of pages: 56 Posted: 07 Nov 2017
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
Downloads 4 (656,408)

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Monetary and fiscal policies, coordination, emergency budget, Markov-switching models, liquidity traps

The Dire Effects of the Lack of Monetary and Fiscal Coordination

CEPR Discussion Paper No. DP12164
Number of pages: 51 Posted: 25 Jul 2017
Francesco Bianchi and Leonardo Melosi
Duke University and Federal Reserve Bank of Chicago
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coordination, emergency budget, liquidity traps., Markov-switching models, Monetary and Öscal policies

18.
Downloads 7 (607,247)
Citation 16

Monetary/Fiscal Policy Mix and Agents' Beliefs

NBER Working Paper No. w20194
Number of pages: 47 Posted: 11 Jun 2014
Francesco Bianchi and Cosmin L. Ilut
Duke University and Duke University
Downloads 7 (633,968)

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Monetary/Fiscal Policy Mix and Agents' Beliefs

CEPR Discussion Paper No. DP9645
Number of pages: 49 Posted: 17 Sep 2013
Francesco Bianchi and Cosmin L. Ilut
Duke University and Duke University
Downloads 0
Citation 4
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Bayesian estimation, DSGE, Fiscal policy, general equilbrium., Great Inflation, Markov-switching

The Origins and Effects of Macroeconomic Uncertainty

NBER Working Paper No. w25386
Number of pages: 56 Posted: 26 Dec 2018
Francesco Bianchi, Howard Kung and Mikhail Tirskikh
Duke University, London Business School and London Business School
Downloads 5 (648,643)
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The Origins and Effects of Macroeconomic Uncertainty

CEPR Discussion Paper No. DP13450
Number of pages: 58 Posted: 23 Jan 2019
Francesco Bianchi, Howard Kung and Mikhail Tirskikh
Duke University, London Business School and London Business School
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Business Cycles, Term Structure of Interest Rates, time-varying risk premia, Uncertainty shocks

20.

Hitting the Elusive Inflation Target

NBER Working Paper No. w26279
Number of pages: 40 Posted: 18 Sep 2019
Francesco Bianchi, Leonardo Melosi and Matthias Rottner
Duke University, Federal Reserve Bank of Chicago and European University Institute
Downloads 4 (627,633)
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21.

Methods for Measuring Expectations and Uncertainty in Markov-Switching Models

CEPR Discussion Paper No. DP9705
Number of pages: 52 Posted: 28 Oct 2013
Francesco Bianchi
Duke University
Downloads 1 (657,089)
Citation 1
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Bayesian Methods, DSGE, Impulse responses, Markov-switching, Uncertainty, VAR, Welfare

22.
Downloads 0 (674,279)
Citation 1

Monetary Policy and Asset Valuation

CEPR Discussion Paper No. DP12275
Number of pages: 85 Posted: 11 Sep 2017
Francesco Bianchi, Martin Lettau and Sydney C. Ludvigson
Duke University, University of California - Haas School of Business and New York University - Department of Economics
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Asset Pricing, monetary policy, Real interest rate, Risk premium

Monetary Policy and Asset Valuation

CEPR Discussion Paper No. DP12671
Number of pages: 85 Posted: 05 Feb 2018
Francesco Bianchi, Martin Lettau and Sydney C. Ludvigson
Duke University, University of California - Haas School of Business and New York University - Department of Economics
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