Lorenzo Burlon

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

28

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Top 1,878

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643

CROSSREF CITATIONS

247

Scholarly Papers (28)

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 1,310 (28,278)
Citation 13

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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 428 (124,866)
Citation 1

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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 1 (1,159,322)
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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, De Nederlandsche Bank and European Central Bank (ECB)
Downloads 627 (79,561)
Citation 13

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bank intermediation, bank runs, CBDC, digital euro

3.
Downloads 475 (111,900)
Citation 21

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 European Central Bank (ECB)
Downloads 470 (112,037)
Citation 8

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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 European Central Bank (ECB)
Downloads 5 (1,125,362)
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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 418 (128,340)
Citation 26

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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)
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Citation 21
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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
Downloads 256 (217,998)
Citation 9

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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
Downloads 113 (444,771)
Citation 2

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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: 54 Posted: 06 Jun 2022 Last Revised: 11 Mar 2024
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 207 (270,189)

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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 École Polytechnique Fédérale de Lausanne
Downloads 155 (346,300)

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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 135 (386,772)
Citation 2

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Aggregate fluctuations, Networks, Firms, Intersectoral linkages

9.

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 113 (442,582)
Citation 27

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Credit Rationing, Bank-Firm Relationships, ML Estimation

10.
Downloads 111 (448,529)
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 69 (612,848)

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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 42 (776,953)
Citation 42

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public expenditure, sectoral composition, vested interests, economic growth

11.

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 110 (451,552)

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bank lending, Money market, negative interest rate policy

12.

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 92 (510,028)

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forecasting, DSGE, BVARX, euro area

13.

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 91 (513,539)
Citation 18

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

14.

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 85 (535,685)
Citation 21

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ownership networks, firms, financial frictions, business cycles

15.

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 83 (543,514)
Citation 30

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technical progress, retraining, retirement

16.

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 77 (567,883)
Citation 2

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

17.

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 76 (572,249)

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

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 66 (622,699)
Citation 1

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

19.

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 62 (637,872)

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

20.

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 62 (637,872)
Citation 113

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

21.

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 60 (648,299)
Citation 12

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public investment, fiscal policy, monetary policy, euro area

22.

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 57 (664,522)
Citation 16

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

23.

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 56 (670,101)
Citation 35

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

24.

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 51 (699,035)
Citation 30

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

25.

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 49 (711,520)
Citation 69

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

26.

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 46 (730,665)

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Technical Progress, Sorting, Retirement

27.

Market Structure, Nonconvexities, and Equilibrium Bias of Technology

Number of pages: 26 Posted: 28 Nov 2011
Lorenzo Burlon
European Central Bank (ECB)
Downloads 34 (817,230)
Citation 1

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Technological Bias, Market Structure, Nonconvexities

28.

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 0 (1,120,022)
Citation 1
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bank runs, Central bank policies, Imperfect Competition, multiple equilibria, structural estimation