Lorenzo Burlon

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 16,223

SSRN RANKINGS

Top 16,223

in Total Papers Downloads

6,324

TOTAL CITATIONS
Rank 1,895

SSRN RANKINGS

Top 1,895

in Total Papers Citations

540

Scholarly Papers (30)

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

Journal of Financial Economics (JFE), Forthcoming, Swedish House of Finance Research Paper No. 19-11
Number of pages: 59 Posted: 30 Sep 2019 Last Revised: 09 Jun 2021
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 1,345 (30,499)
Citation 13

Abstract:

Loading...

monetary policy, negative rates, lending channel, corporate channel

Is there a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

ECB Working Paper No. 2289 (2019); ISBN 978-92-899-3551-7
Number of pages: 56 Posted: 11 Jun 2019
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 437 (136,561)
Citation 1

Abstract:

Loading...

monetary policy, negative rates, lending channel, corporate channel

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

CEPR Discussion Paper No. DP14050
Number of pages: 55 Posted: 17 Oct 2019 Last Revised: 06 May 2020
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and Central Bank of Ireland
Downloads 2 (1,324,265)
  • Add to Cart

Abstract:

Loading...

corporate channel, Lending Channel, monetary policy, negative rates

2.

Central Bank Digital Currency and Bank Intermediation

ECB Occasional Paper No. 2022/293
Number of pages: 53 Posted: 13 May 2022
European Central Bank (ECB), Bank of England, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), International Monetary Fund (IMF), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Morgan Stanley, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 823 (62,191)
Citation 19

Abstract:

Loading...

bank intermediation, bank runs, CBDC, digital euro

3.
Downloads 560 (102,164)
Citation 15

The Optimal Quantity of CBDC in a Bank-Based Economy

ECB Working Paper No. 2022/2689
Number of pages: 76 Posted: 29 Jul 2022
European Central Bank (ECB), European Central Bank, European Central Bank (ECB) and Ghent University - Department of General Economics
Downloads 554 (102,214)
Citation 15

Abstract:

Loading...

bank intermediation, central bank digital currency, DSGE models

The Optimal Quantity of CBDC in a Bank-Based Economy

CEPR Discussion Paper No. DP16995
Number of pages: 74 Posted: 04 Feb 2022
European Central Bank (ECB), European Central Bank, European Central Bank (ECB) and Ghent University - Department of General Economics
Downloads 6 (1,285,729)
  • Add to Cart

Abstract:

Loading...

bank intermediation, Central bank digital currency, DSGE models

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

ECB Working Paper No. 20202465
Number of pages: 56 Posted: 11 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 447 (132,775)
Citation 26

Abstract:

Loading...

bank lending, COVID-19 crisis, monetary policy, prudential policy

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

CEPR Discussion Paper No. DP15298
Number of pages: 56 Posted: 22 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1 (1,334,706)
Citation 25
  • Add to Cart

Abstract:

Loading...

bank lending, COVID-19 crisis, monetary policy, Prudential policy

Real and Financial Cycles in EU Countries: Stylised Facts and Modelling Implications

ECB Occasional Paper No. 205, ISBN: 978-92-899-3364-3
Number of pages: 68 Posted: 11 Jan 2018
European Central Bank, Bank of Greece, European Central Bank (ECB), Bank of Latvia, Bank of Lithuania - Economics Department, National Bank of Belgium, Catholic University of Leuven (KUL) - Department of Economics, Banque Centrale du Luxembourg, Bank of Finland - Research, De Nederlandsche Bank, Bank of Portugal - Economic Research Department, European Central Bank (ECB) - Directorate General Research, Bank of Estonia, Croatian National Bank, Bank of Slovenia, Banque de France, Central Bank of Ireland, Deutsche Bundesbank - Economics Department, Bank of Greece, National Bank of Denmark, Banco de España, Hans-Boeckler-Stiftung - Macroeconomic Policy Institute (IMK), Magyar Nemzeti Bank, Deutsche Bundesbank and European Central Bank (ECB)
Downloads 258 (242,537)
Citation 10

Abstract:

Loading...

financial cycles, synchronicity, real-time estimates, DSGE models

Real and Financial Cycles in EU Countries - Stylised Facts and Modelling Implications

ECB Occasional Paper No. 2018/205
Number of pages: 68 Posted: 09 Oct 2021
European Central Bank, Bank of Greece, European Central Bank (ECB), Bank of Latvia, Bank of Lithuania - Economics Department, National Bank of Belgium, National Bank of Belgium, Banque Centrale du Luxembourg, Bank of Finland - Research, De Nederlandsche Bank, Bank of Portugal - Economic Research Department, European Central Bank (ECB) - Directorate General Research, Bank of Estonia, Croatian National Bank, Bank of Slovenia, Banque de France, Central Bank of Ireland, Deutsche Bundesbank - Economics Department, Bank of Greece, National Bank of Denmark, Banco de España, Central Bank of Ireland, Magyar Nemzeti Bank, Deutsche Bundesbank and European Central Bank (ECB)
Downloads 115 (497,352)
Citation 2

Abstract:

Loading...

DSGE models, financial cycles, real-time estimates, synchronicity

Central Bank Liquidity Reallocation and Bank Lending: Evidence from the Tiering System

Swedish House of Finance Research Paper, Forthcoming No. 22-17
Number of pages: 69 Posted: 06 Jun 2022 Last Revised: 31 Jan 2025
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 250 (250,424)
Citation 2

Abstract:

Loading...

money market; excess reserves; bank lending; negative interest rate policy

7.

Targeted Monetary Policy, Dual Rates and Bank Risk Taking

ECB Working Paper No. 2022/2682
Number of pages: 50 Posted: 23 Jul 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Queen Mary University of London - School of Economics and Finance
Downloads 190 (326,953)
Citation 2

Abstract:

Loading...

bank lending, dual rates, risk taking, unconventional monetary policy

8.

How Do Aggregate Fluctuations Depend on the Network Structure of the Economy?

Number of pages: 51 Posted: 26 Mar 2012
Lorenzo Burlon
European Central Bank (ECB)
Downloads 140 (424,282)
Citation 3

Abstract:

Loading...

Aggregate fluctuations, Networks, Firms, Intersectoral linkages

9.

Technical Progress, Retraining Cost and Early Retirement

Bank of Italy Temi di Discussione (Working Paper) No. 963
Number of pages: 36 Posted: 11 Jul 2014
European Central Bank (ECB) and University of Barcelona - Department of EconomicsUniversity of Barcelona - Center for Research in Welfare Economics
Downloads 135 (436,693)
Citation 30

Abstract:

Loading...

technical progress, retraining, retirement

10.

Determinants of Bank Performance: Evidence from Replicating Portfolios

ECB Working Paper No. 2024/2937
Number of pages: 61 Posted: 09 May 2024
European Central Bank (ECB), Stanford University - Graduate School of Business, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 127 (458,139)
Citation 1

Abstract:

Loading...

banking, credit supply, maturity transformation, replicating portfolio

11.

The Quantity of Corporate Credit Rationing with Matched Bank-Firm Data

Bank of Italy Temi di Discussione (Working Paper) No. 1058
Number of pages: 81 Posted: 12 May 2016
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 120 (478,816)
Citation 27

Abstract:

Loading...

Credit Rationing, Bank-Firm Relationships, ML Estimation

12.
Downloads 119 (481,899)
Citation 42

Public Expenditure Distribution, Voting, and Growth

Number of pages: 51 Posted: 15 Sep 2010 Last Revised: 27 Nov 2011
Lorenzo Burlon
European Central Bank (ECB)
Downloads 70 (684,611)

Abstract:

Loading...

Public Expenditure, Sectoral Composition, Vested Interests, Economic Growth

Public Expenditure Distribution, Voting, and Growth

Bank of Italy Temi di Discussione (Working Paper) No. 961
Number of pages: 57 Posted: 11 Jul 2014
Lorenzo Burlon
European Central Bank (ECB)
Downloads 49 (815,927)
Citation 42

Abstract:

Loading...

public expenditure, sectoral composition, vested interests, economic growth

13.

Money Markets and Bank Lending: Evidence from the Adoption of Tiering

ECB Working Paper No. 2022/2649
Number of pages: 51 Posted: 26 Feb 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 114 (497,567)

Abstract:

Loading...

bank lending, Money market, negative interest rate policy

14.

Two-Tier System for Remunerating Excess Reserve Holdings

ECB Occasional Paper No. 2022/302
Number of pages: 53 Posted: 13 Sep 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Morgan Stanley, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 104 (532,038)

Abstract:

Loading...

excess liquidity, exemption scheme, monetary policy transmission, negative interest rates, two-tier system

15.

Macroeconomic Effects of Non-Standard Monetary Policy Measures in the Euro Area: The Role of Corporate Bond Purchases

Bank of Italy Temi di Discussione (Working Paper) No. 1136
Number of pages: 50 Posted: 12 Oct 2017
Bank of Italy, European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 102 (539,396)
Citation 18

Abstract:

Loading...

DSGE models, financial frictions, open-economy macroeconomics, non-standard monetary policy, corporate bonds, forward guidance, euro area

16.

Medium-Term Forecasting of Euro-Area Macroeconomic Variables with DSGE and BVARX Models

Bank of Italy Occasional Paper No. 257
Number of pages: 21 Posted: 18 Apr 2015
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 97 (557,881)

Abstract:

Loading...

forecasting, DSGE, BVARX, euro area

17.

Ownership Networks and Aggregate Volatility

Bank of Italy Temi di Discussione (Working Paper) No. 1004
Number of pages: 76 Posted: 01 May 2015
Lorenzo Burlon
European Central Bank (ECB)
Downloads 94 (569,192)
Citation 21

Abstract:

Loading...

ownership networks, firms, financial frictions, business cycles

18.

The (Unobservable) Value of Central Bank's Refinancing Operations

ECB Working Paper No. 20202480
Number of pages: 53 Posted: 14 Oct 2020
ECB -DG Monetary Policy, European Central Bank (ECB), Tilburg University and Tilburg University
Downloads 87 (596,836)
Citation 1

Abstract:

Loading...

bank runs, central bank policies, imperfect competition, multiple equilibria, structural estimation

19.

Real and Financial Cycles: Estimates Using Unobserved Component Models for the Italian Economy

Bank of Italy Occasional Paper No. 382
Number of pages: 39 Posted: 04 Oct 2017
Bank of Italy, European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 85 (605,290)
Citation 2

Abstract:

Loading...

business cycle, financial cycle, unobserved components, model-based filters

20.

Public Investment and Monetary Policy Stance in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1150
Number of pages: 58 Posted: 08 Dec 2017
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 73 (658,830)
Citation 12

Abstract:

Loading...

public investment, fiscal policy, monetary policy, euro area

21.

Non-Standard Monetary Policy, Asset Prices and Macroprudential Policy in a Monetary Union

Bank of Italy Temi di Discussione (Working Paper) No. 1089
Number of pages: 70 Posted: 09 Feb 2017
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 71 (668,458)
Citation 113

Abstract:

Loading...

DSGE models, open-economy macroeconomics, non-standard monetary policy, zero lower bound, macroprudential policy

22.

The Euro-Area Output Gap through the Lens of a DSGE Model

Bank of Italy Occasional Paper No. 477, February 2019
Number of pages: 62 Posted: 06 Aug 2019
Lorenzo Burlon and Paolo D'Imperio
European Central Bank (ECB) and Sapienza University of Rome
Downloads 69 (678,358)

Abstract:

Loading...

output gap, potential output, DSGE modelling, Bayesian estimation, euro area

23.

Exchange Rate Pass-Through into Euro Area Inflation. An Estimated Structural Model

Bank of Italy Temi di Discussione (Working Paper) No. 1192, September 2018
Number of pages: 65 Posted: 09 Jul 2019
European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 69 (678,358)
Citation 16

Abstract:

Loading...

exchange rate, import prices, pass-through, monetary policy, euro area

24.

Macroeconomic Effectiveness of Non-Standard Monetary Policy and Early Exit. A Model-Based Evaluation

Bank of Italy Temi di Discussione (Working Paper) No. 1074
Number of pages: 50 Posted: 10 Nov 2016
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 62 (715,878)
Citation 35

Abstract:

Loading...

DSGE models, open-economy macroeconomics, non-standard monetary policy, zero lower bound

25.

Inflation, Financial Conditions and Non-Standard Monetary Policy in a Monetary Union. A Model-Based Evaluation

Bank of Italy Temi di Discussione (Working Paper) No. 1015
Number of pages: 56 Posted: 19 Aug 2015
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 57 (744,853)
Citation 32

Abstract:

Loading...

DSGE models, financial frictions, open-economy macroeconomics, non-standard monetary policy, zero lower bound

26.

Macroeconomic Effects of an Open-ended Asset Purchase Programme

Bank of Italy Temi di Discussione (Working Paper) No. 1185, July 2018
Number of pages: 43 Posted: 09 Jul 2019
European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 55 (757,373)
Citation 69

Abstract:

Loading...

central bank communication, open-ended announcement, non-standard monetary policy, DSGE models, open-economy macroeconomics, euro area

27.

Technical Progress, Sorting, and Early Retirement

Working Papers in Economics E13/294, Universitat de Barcelona, 2013
Number of pages: 43 Posted: 13 May 2013
European Central Bank (ECB) and University of Barcelona - Department of EconomicsUniversity of Barcelona - Center for Research in Welfare Economics
Downloads 49 (797,209)

Abstract:

Loading...

Technical Progress, Sorting, Retirement

28.

Market Structure, Nonconvexities, and Equilibrium Bias of Technology

Number of pages: 26 Posted: 28 Nov 2011
Lorenzo Burlon
European Central Bank (ECB)
Downloads 38 (882,668)
Citation 1

Abstract:

Loading...

Technological Bias, Market Structure, Nonconvexities

29.

Why Gradual and Predictable? Bank Lending During the Sharpest Quantitative Tightening Ever

ECB Working Paper No. 2025/3010
Number of pages: 35 Posted: 10 Jan 2025
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 25 (1,009,062)

Abstract:

Loading...

banking, credit supply, liquidity, monetary policy, QT

30.

The Shadow Value of Unconventional Monetary Policy

CEPR Discussion Paper No. DP17053
Number of pages: 44 Posted: 29 Mar 2022
ECB -DG Monetary Policy, European Central Bank (ECB), Tilburg University and Tilburg University
Downloads 4 (1,253,771)
Citation 2
  • Add to Cart

Abstract:

Loading...

bank runs, Central bank policies, Imperfect Competition, multiple equilibria, structural estimation