Giovanni Melina

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

  • International Monetary Fund (IMF)

SCHOLARLY PAPERS

29

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125

CROSSREF CITATIONS

86

Scholarly Papers (29)

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1.

Successful Austerity in the United States, Europe and Japan

IMF Working Paper No. 12/190
Number of pages: 62 Posted: 01 Nov 2012
Nicoletta Batini, Giovanni Callegari and Giovanni Melina
International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 674 (55,079)
Citation 3

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Fiscal Consolidation, Fiscal Multipliers, Growth-friendly Fiscal Policy, Adjustment Process, External Shocks, Government Expenditures, Public Debt, Risk Management

2.

Building Back Better: How Big are Green Spending Multipliers?

IMF Working Paper No. 2021/087
Number of pages: 48 Posted: 04 Feb 2022
Nicoletta Batini, Mario di Serio, Matteo Fragetta, Giovanni Melina and Anthony Waldron
International Monetary Fund (IMF), CSEF - University of Naples Federico II, CSEF - University of Naples Federico II - Department of Economics, International Monetary Fund (IMF) and Cambridge Conservation Initiative
Downloads 133 (296,782)

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green multiplier, green stimulus, clean energy, conservation spending, nuclear energy, biodiversity, nature-based solutions, agricultural subsidies, fossil fuels., spending data, B. data coverage, eco-friendly spending, Policy implication, data coverage, Renewable energy, Renewable resources, Non-renewable resources, Environmental protection, Greenhouse gas emissions, Global, investments multiplier, spending multiplier, cumulated multiplier, land use multiplier, spending shock, robustness check, eco-friendly expenditure

3.

Natural Gas, Public Investment and Debt Sustainability in Mozambique

IMF Working Paper No. 13/261
Number of pages: 38 Posted: 11 Apr 2014
Giovanni Melina and Yi Xiong
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 99 (365,104)

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Natural gas sector, Mozambique, Public investment, Debt sustainability, Economic models, Natural resources, Debt sustainability, Public investment, Mozambique, DIGNAR, budget constraint, public debt, fiscal revenue, government expenditure, fiscal adjustment, tax rates, capital expenditure, fiscal gap, government spending, public investment spending, fiscal regime, foreign debt, fiscal rules, fiscal analysis, capital expenditures, fiscal consequences, fiscal instruments, fiscal policy, public investment expenditures, fiscal revenues, fiscal policy adjustments, government budget constraint, tax increases, public spending, tax changes, national accounts, fiscal sustainability, fiscal affairs de

4.

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: The DIGNAR Model

IMF Working Paper No. 14/50
Number of pages: 42 Posted: 18 Apr 2014
Giovanni Melina, Shu-Chun Susan Yang and Luis-Felipe Zanna
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 85 (401,156)
Citation 2

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Public investment, Natural resources, Developing countries, Debt sustainability, Economic models, Small Open DSGE Models, DIGNAR, commercial borrowing, fiscal gap, domestic borrowing, commercial debt, external borrowing, public debt, domestic debt, concessional debt, debt accumulation, balance of payment, foreign debt, government debt, debt crises, public finance, debt sustainability analysis, public sector debt, domestic financing, substantial debt, international lending, excessive borrowing, official creditors, debt dynamics, debt relief, debt problems, current account deficit, debt overhang, external debt, debt crisis

5.

Investing in Public Infrastructure: Roads or Schools?

IMF Working Paper No. 17/105
Number of pages: 45 Posted: 16 Oct 2017
Manoj Atolia, Bin (Grace) Li, Ricardo Marto and Giovanni Melina
Florida State University - Department of Economics, International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 62 (475,898)
Citation 3

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Public investment, Debt sustainability, Human capital, Infrastructure, Low-income developing countries, political myopia, debt aversion, lowincome, low-income developing countries, International Lending and Debt Problems, Institutions and Growth, Infrastructures

6.

Fiscal Policy and Lending Relationships

Downloads 58 (491,335)
Citation 2

Fiscal Policy and Lending Relationships

Number of pages: 24 Posted: 16 Jun 2012
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 30 (646,814)
Citation 2

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Fiscal policy, deep habits, bank spread, lending relationships

Fiscal Policy and Lending Relationships

IMF Working Paper No. 13/141
Number of pages: 49 Posted: 21 Jun 2013
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 27 (668,329)

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Fiscal policy, United States, Banking sector, Loans, Economic models, government spending, deep habits, lending relationships, fiscal policy, fiscal stimulus, government spending shocks, budget constraint, fiscal shocks, fiscal shock, government expenditure, government consumption expenditure, discretionary fiscal policy, fiscal expansion, fiscal multipliers, consumption expenditure, government expenditures, consumption expenditures, aggregate demand, private consumption, general equilibrium, fiscal expansions, public expenditures, consumption decisions, local government spending, tax policy, taxation, government purchases, government spending multipliers, consumption goods, fiscal rules

Fiscal Policy and Lending Relationships

Economic Inquiry, Vol. 52, Issue 2, pp. 696-712, 2014
Number of pages: 17 Posted: 26 Feb 2014
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 1 (931,900)

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7.

The Impact of r-g on the Euro-Area Government Spending Multiplier

IMF Working Paper No. 2021/039
Number of pages: 31 Posted: 09 Mar 2021
Mario di Serio, Matteo Fragetta and Giovanni Melina
CSEF - University of Naples Federico II, CSEF - University of Naples Federico II - Department of Economics and International Monetary Fund (IMF)
Downloads 57 (495,233)

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8.

Optimal Fiscal and Monetary Policy, Debt Crisis and Management

IMF Working Paper No. 17/78
Number of pages: 45 Posted: 12 May 2017
Cristiano Cantore, Paul Levine, Giovanni Melina and Joseph Pearlman
University of Surrey, School of Economics, University of Surrey, International Monetary Fund (IMF) and London Metropolitan University - Department of Economics, Finance and International Business (EFIB)
Downloads 55 (503,352)
Citation 4

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Crisis management, Debt consolidation, Optimal fiscal-monetary policy, long-term debt, fiscal limits, Monetary Policy (Targets, Instruments, and Effects)

9.

Monetary Policy and the Relative Price of Durable Goods

Downloads 47 (538,342)
Citation 7

Monetary Policy and the Relative Price of Durable Goods

CESifo Working Paper Series No. 5328
Number of pages: 55 Posted: 07 May 2015
Alessandro Cantelmo and Giovanni Melina
Bank of Italy and International Monetary Fund (IMF)
Downloads 35 (614,290)
Citation 4

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monetary policy, durables, nondurables, comovement, relative price, DSGE, Bayesian estimation, SVAR, sign restrictions, narrative approach

Monetary Policy and the Relative Price of Durable Goods

IMF Working Paper No. 17/290
Number of pages: 82 Posted: 18 Jan 2018
Alessandro Cantelmo and Giovanni Melina
Bank of Italy and International Monetary Fund (IMF)
Downloads 12 (799,891)

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Monetary policy, durables, nondurables, price stickiness, relative price, Monetary Policy (Targets, Instruments, and Effects)

10.

The Euro Area Government Spending Multiplier in Demand- and Supply-Driven Recessions

CESifo Working Paper No. 9678
Number of pages: 26 Posted: 15 Apr 2022
Mario di Serio, Matteo Fragetta, Emanuel Gasteiger and Giovanni Melina
CSEF - University of Naples Federico II, CSEF - University of Naples Federico II - Department of Economics, TU Wien and International Monetary Fund (IMF)
Downloads 46 (543,083)

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fiscal multiplier, business cycle, interacted panel VAR, factor models, Euro Area

11.

The Distributional Effects of Government Spending Shocks in Developing Economies

IMF Working Paper No. 18/57
Number of pages: 40 Posted: 05 Apr 2018
Davide Furceri, Prakash Loungani, Jun Ge and Giovanni Melina
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 44 (552,722)

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Fiscal policy, Fiscal shocks, Inequality, Income distribution

12.

Non-Renewable Resources, Fiscal Rules, and Human Capital

World Bank Policy Research Working Paper No. 7695
Number of pages: 39 Posted: 19 Jul 2016 Last Revised: 02 Aug 2019
Paul Levine, Giovanni Melina, Harun Onder and Paul Leslie Levine
School of Economics, University of Surrey, International Monetary Fund (IMF), World Bank and affiliation not provided to SSRN
Downloads 37 (588,825)

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Educational Sciences, Health Care Services Industry, Education For All, Education for Development (superceded), Educational Populations, Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Macro-Fiscal Policy, Macroeconomics and Economic Growth, Economic Policy, Institutions and Governance, Economic Adjustment and Lending, Fiscal & Monetary Policy

13.

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area

Downloads 36 (594,422)
Citation 2

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1295
Number of pages: 83 Posted: 13 Oct 2020
Nicoletta Batini, Alessandro Cantelmo, Giovanni Melina and Stefania Villa
International Monetary Fund (IMF), Bank of Italy, International Monetary Fund (IMF) and Bank of Italy
Downloads 19 (733,770)
Citation 2

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policy stance, euro area, monetary policy, fiscal policy

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area

IMF Working Paper No. 20/86
Number of pages: 76 Posted: 23 Jul 2020
Nicoletta Batini, Alessandro Cantelmo, Giovanni Melina and Stefania Villa
International Monetary Fund (IMF), Bank of Italy, International Monetary Fund (IMF) and Bank of Italy
Downloads 17 (751,663)

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14.

Leaning Against Windy Bank Lending

Downloads 36 (594,422)
Citation 6

Leaning Against Windy Bank Lending

CESifo Working Paper Series No. 5317
Number of pages: 56 Posted: 07 May 2015
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 20 (725,101)

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lending relationships, augmented Taylor rule, Bayesian estimation, optimal policy

Leaning Against Windy Bank Lending

IMF Working Paper No. 17/179
Number of pages: 69 Posted: 05 Sep 2017
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 16 (760,715)

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United States, Western Hemisphere, lending relationships, credit growth, leaning against the wind, Bayesian estimation, optimal monetary policy, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects)

Leaning Against Windy Bank Lending

Economic Inquiry, Vol. 56, Issue 1, pp. 460-482, 2018
Number of pages: 23 Posted: 05 Dec 2017
Giovanni Melina and Stefania Villa
International Monetary Fund (IMF) and University of Foggia
Downloads 0
Citation 2

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15.

Macroeconomic Outcomes in Disaster-Prone Countries

IMF Working Paper No. 19/217
Number of pages: 53 Posted: 08 Nov 2019
Alessandro Cantelmo, Giovanni Melina and Chris Papageorgiou
Bank of Italy, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 34 (605,788)

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National income, Business cycles, Balance of payments, Interest rate increases, Real interest rates, natural disasters, climate change, DSGE, resilient capital, international aid, WP, disaster-prone, public capital, ex-ante, natural disaster, country group

16.

Monetary Policy in Disaster-Prone Developing Countries

IMF Working Paper No. 2022/067
Number of pages: 65 Posted: 25 Apr 2022
Alessandro Cantelmo, Nikos Fatouros, Giovanni Melina and Chris Papageorgiou
Bank of Italy, Independent, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 31 (623,866)

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Natural Disasters, Climate Change, DSGE, Monetary Policy, Exchange Rate Regimes.

17.

Sectoral Labor Mobility and Optimal Monetary Policy

Downloads 31 (623,866)

Sectoral Labor Mobility and Optimal Monetary Policy

CESifo Working Paper No. 8638
Number of pages: 56 Posted: 28 Oct 2020
Alessandro Cantelmo and Giovanni Melina
Bank of Italy and International Monetary Fund (IMF)
Downloads 19 (733,770)

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optimal monetary policy, durable goods, labor mobility

Sectoral Labor Mobility and Optimal Monetary Policy

IMF Working Paper No. 17/40
Number of pages: 34 Posted: 23 Mar 2017
Alessandro Cantelmo and Giovanni Melina
Bank of Italy and International Monetary Fund (IMF)
Downloads 12 (799,891)

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Central banks and their policies, Labor mobility, Optimal monetary policy, durable goods, DSGE, Monetary Policy (Targets, Instruments, and Effects)

18.

Some Policy Lessons from Country Applications of the Dig and DIGNAR Models

IMF Working Paper No. 19/62
Number of pages: 46 Posted: 15 Apr 2019
Daniel Gurara, Giovanni Melina and Luis-Felipe Zanna
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 29 (636,607)

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National income, Social safety nets, Economic growth, Public investment programs, Public investments, Natural resources, Public Investment, Debt Sustainability, Small Open DSGE Models, Developing Countries., public capital, capacity constraint, concessional, front-loaded

19.

The Euro-Area Government Spending Multiplier at the Effective Lower Bound

IMF Working Paper No. 19/133
Number of pages: 33 Posted: 20 Jul 2019
Adalgiso Amendola, Mario di Serio, Matteo Fragetta and Giovanni Melina
CSEF - University of Naples Federico II - Department of Economics, CSEF - University of Naples Federico II, CSEF - University of Naples Federico II - Department of Economics and International Monetary Fund (IMF)
Downloads 27 (650,038)
Citation 3

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Government expenditures, Negative interest rates, Real interest rates, Interest rate policy, Business cycles, Fiscal multiplier, Zero lower bound, Panel VAR, Factor models, Euro Area., ELB, normal time, ZLB, endogenous variable, GFC

20.

Fiscal Buffers, Private Debt and Recession: The Good, the Bad and the Ugly

Bank of Italy Temi di Discussione (Working Paper) No. 1186, July 2018
Number of pages: 59 Posted: 09 Jul 2019
Nicoletta Batini, Giovanni Melina and Stefania Villa
International Monetary Fund (IMF), International Monetary Fund (IMF) and Bank of Italy
Downloads 27 (650,038)
Citation 72

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private debt, public debt, financial crisis, financial shocks, borrowing constraints, fiscal limits

21.

Fiscal Buffers, Private Debt, and Stagnation: The Good, the Bad and the Ugly

IMF Working Paper No. 16/104
Number of pages: 42 Posted: 09 Dec 2016
Nicoletta Batini, Giovanni Melina and Stefania Villa
International Monetary Fund (IMF), International Monetary Fund (IMF) and University of Foggia
Downloads 26 (657,104)

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Debt, Private sector, Government expenditures, Borrowing, Public debt, Fiscal consolidation, General equilibrium models, private debt, public debt, borrowing constraints, fiscal limits, DSGE

22.

A Fiscal Stimulus and Jobless Recovery

Downloads 25 (664,274)
Citation 9

A Fiscal Stimulus and Jobless Recovery

IMF Working Paper No. 13/17
Number of pages: 54 Posted: 22 Feb 2013
Cristiano Cantore, Paul Levine and Giovanni Melina
University of Surrey, School of Economics, University of Surrey and International Monetary Fund (IMF)
Downloads 25 (683,713)

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Business cycles, CES production function, Economic models, Fiscal policy, Government expenditures, Unemployment, deep habits, fiscal policy, labor market search-match frictions, unemployment

A Fiscal Stimulus and Jobless Recovery

The Scandinavian Journal of Economics, Vol. 116, Issue 3, pp. 669-701, 2014
Number of pages: 33 Posted: 13 Jun 2014
Cristiano Cantore, Paul Levine and Giovanni Melina
University of Surrey, School of Economics, University of Surrey and International Monetary Fund (IMF)
Downloads 0
Citation 1

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CES production function, deep habits, fiscal policy, labor‐market search‐match frictions, unemployment

23.

Public Debt Targeting an Application to the Caribbean

IMF Working Paper No. 11/203
Number of pages: 39 Posted: 07 Sep 2011
Giovanni Melina and Alejandro Guerson
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 23 (679,082)

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Business cycles, Caribbean, Debt sustainability, Fiscal policy, Government expenditures, Public debt

24.

Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo

IMF Working Paper No. 19/121
Number of pages: 30 Posted: 27 Jun 2019
Giovanni Melina, Hoda Selim and Concepción Verdugo Yepes
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 18 (718,431)

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Oil revenues, Oil production, Economic growth, Public investment programs, Public investments, Congo, Africa, corruption, PFM, oil curse, small open economy DSGE Model, DIGNAR, SNPC, RGC, Public Investment, Anti-Corruption, PSAs

25.

Policy Trade-Offs in Building Resilience to Natural Disasters: The Case of St. Lucia

IMF Working Paper No. 19/54
Number of pages: 19 Posted: 08 Apr 2019
Alessandro Cantelmo, Leo Bonato, Giovanni Melina and Gonzalo Salinas
Bank of Italy, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 18 (718,431)

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Real interest rates, Cost of capital, Total factor productivity, Capital, Private investments, Climate Change, Natural Disasters and Their Management, Government Policy, public capital, Papageorgiou, depreciation rate, natural disaster, public standard

26.

U.S. Fiscal Indicators, Inflation and Output

North American Journal of Economics and Finance 22 (2011) 221– 236
Number of pages: 27 Posted: 18 Apr 2012
Yunus Aksoy and Giovanni Melina
Birkbeck University of London and International Monetary Fund (IMF)
Downloads 16 (735,182)

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27.

Economic Fluctuations in Sub-Saharan Africa

IMF Working Paper No. 18/40
Number of pages: 33 Posted: 27 Aug 2019
Giovanni Melina and Rafael Portillo
International Monetary Fund (IMF) and Joint Vienna Insitute
Downloads 14 (752,941)

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Supply and demand, Financial statistics, National income, Financial crises, Business cycles, macroeconomic fluctuations, low income countries, developing economies, comparative studies of countries, SSA, country group, full sample, HIC, real output

28.

Enhancing Resilience to Climate Change in the Maldives

IMF Working Paper No. 2021/096
Number of pages: 22 Posted: 15 Feb 2022
Giovanni Melina and Marika Santoro
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 9 (800,321)

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IMF working paper Asia-Pacific, climate condition, climate resilience, adaptation infrastructure, disaster shock, Infrastructure, Natural disasters, Public investment spending, Private investment, South Asia

29.

An Empirical Investigation of US Fiscal Expenditures and Macroeconomic Outcomes

Economics Letters, Vol. 114, 2012
Number of pages: 13 Posted: 26 May 2017
Yunus Aksoy and Giovanni Melina
Birkbeck University of London and International Monetary Fund (IMF)
Downloads 6 (831,020)

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Information value, State-local expenditures, Forecast error variance decomposition