Francesco Zanetti

University of Oxford

Mansfield Road

Oxford, Oxfordshire OX1 4AU

United Kingdom

Australian National University (ANU) - Centre for Applied Macroeconomic Analysis (CAMA)

  • University of Oxford

SCHOLARLY PAPERS

29

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TOTAL CITATIONS
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251

Scholarly Papers (29)

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1.

The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory

Downloads 796 (67,959)
Citation 1

The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory

CESifo Working Paper No. 10930
Number of pages: 175 Posted: 13 Feb 2024
Xiwen Bai, Jesús Fernández-Villaverde, Yiliang Li and Francesco Zanetti
Tsinghua University, University of Pennsylvania - Department of Economics, University of International Business and Economics and University of Oxford
Downloads 774 (69,435)
Citation 1

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supply chain disruptions, search-and-matching in the goods market, SVAR, state-dependence of monetary policy

The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory

NBER Working Paper No. w32098
Number of pages: 173 Posted: 05 Feb 2024
Xiwen Bai, Jesús Fernández-Villaverde, Yiliang Li and Francesco Zanetti
Tsinghua University, University of Pennsylvania - Department of Economics, University of International Business and Economics and University of Oxford
Downloads 22 (1,167,005)
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2.

News Shocks Under Financial Frictions

Downloads 366 (176,538)
Citation 10

News Shocks Under Financial Frictions

CESifo Working Paper No. 8728
Number of pages: 102 Posted: 08 Dec 2020
Christoph Görtz, John D. Tsoukalas and Francesco Zanetti
University of Birmingham - Department of Economics, University of Glasgow - Department of Economics and University of Oxford
Downloads 309 (210,546)
Citation 9

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News Shocks Under Financial Frictions

CAMA Working Paper No. 94/2020
Number of pages: 102 Posted: 02 Nov 2020
Christoph Görtz, John D. Tsoukalas and Francesco Zanetti
University of Birmingham - Department of Economics, University of Glasgow - Department of Economics and University of Oxford
Downloads 57 (811,221)
Citation 1

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News shocks, Business cycles, DSGE, VAR, Bayesian estimation

3.

State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters

Downloads 249 (265,108)
Citation 35

State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters

Number of pages: 108 Posted: 27 Feb 2021
Mishel Ghassibe and Francesco Zanetti
Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and University of Oxford
Downloads 205 (318,795)
Citation 17

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business cycle, fiscal multipliers, state dependence, search-and-matching in the goods market.

State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters

Number of pages: 103 Posted: 09 Mar 2023
Mishel Ghassibe and Francesco Zanetti
Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and University of Oxford
Downloads 44 (919,007)
Citation 18

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business cycle, fiscal multipliers, state dependence, search in the goods market

4.

Agreed and Disagreed Uncertainty

Downloads 194 (338,360)
Citation 1

Agreed and Disagreed Uncertainty

Number of pages: 68 Posted: 03 Feb 2023 Last Revised: 03 Mar 2025
Luca Gambetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti
University of Turin, University of Glasgow - Adam Smith Business School, University of Glasgow - Department of Economics and University of Oxford
Downloads 148 (427,325)
Citation 1

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uncertainty, information frictions, disagreement, Bayesian vector autoregression (VAR), sign restrictions

Agreed and Disagreed Uncertainty

Number of pages: 52 Posted: 09 Mar 2023
Luca Gambetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti
University of Turin, University of Glasgow, University of Glasgow - Department of Economics and University of Oxford
Downloads 46 (900,190)

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uncertainty, information frictions, disagreement, Bayesian vector autoregression (VAR), sign restrictions

5.

The Signaling Effects of Fiscal Announcements

FRB of Chicago Working Paper No. 2022-38
Number of pages: 47 Posted: 02 Sep 2022
Leonardo Melosi, Hiroshi Morita and Francesco Zanetti
Federal Reserve Bank of Chicago, Hosei University and University of Oxford
Downloads 188 (346,600)

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fiscal stabilization policies, macroeconomic uncertainty, information, public expectations, natural experiment, Japan

6.

Dutch Disease, Unemployment and Structural Change

CAMA Working Paper 38/2023
Number of pages: 63 Posted: 14 Aug 2023
Mariano Kulish, James Morley, Nadine Yamout and Francesco Zanetti
The University of Sydney, University of Sydney - School of Economics, American University of Beirut (AUB) and University of Oxford
Downloads 144 (436,119)

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Dutch disease, commodity prices, unemployment, structural change, structural transformation

7.

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

Downloads 126 (485,443)

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

Number of pages: 79 Posted: 09 Mar 2023
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 48 (882,551)

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Search complementarities, aggregate fluctuations, macroeconomic volatility, government spending.

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

FRB Atlanta Working Paper No. 2019-9
Number of pages: 78 Posted: 04 May 2019 Last Revised: 29 Apr 2020
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 35 (1,009,194)

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aggregate fluctuations, strategic complementarities, macroeconomic volatility, government spending

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

PIER Working Paper No. 19-016 (2019)
Number of pages: 82 Posted: 18 Sep 2019
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 30 (1,065,572)

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aggregate fluctuations, strategic complementarities, macroeconomic volatility, government spending

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

NBER Working Paper No. w26210
Number of pages: 78 Posted: 03 Sep 2019 Last Revised: 02 Jun 2023
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 12 (1,299,463)

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Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

CEPR Discussion Paper No. DP13950
Number of pages: 84 Posted: 07 Oct 2019
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 1 (1,395,640)
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Aggregate fluctuations, government spending, Macroeconomic volatility, strategic complementarities

8.

Slowdown in Immigration, Labor Shortages, and Declining Skill Premia

Downloads 109 (541,885)
Citation 1

Slowdown in Immigration, Labor Shortages, and Declining Skill Premia

FRB Atlanta Working Paper No. 2024-1
Number of pages: 56 Posted: 22 Jan 2024
Federico Mandelman, Yang Yu, Francesco Zanetti and Andrei Zlate
Federal Reserve Bank of Atlanta, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management, University of Oxford and Board of Governors of the Federal Reserve System
Downloads 76 (692,358)

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international labor migration, skill premium, task upgrading, heterogeneous workers

Slowdown in Immigration, Labor Shortages, and Declining Skill Premia

CESifo Working Paper No. 11202
Number of pages: 62 Posted: 15 Jul 2024
Federico Mandelman, Yang Yu, Francesco Zanetti and Andrei Zlate
Federal Reserve Bank of Atlanta, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management, University of Oxford and Board of Governors of the Federal Reserve System
Downloads 33 (1,031,837)
Citation 1

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immigration, skill premium, task upgrading, heterogeneous workers

9.

Monetary Policy, Firm Heterogeneity, and Product Variety

CAMA Working Paper No. 16/2021
Number of pages: 50 Posted: 27 Jan 2021
Masashige Hamano and Francesco Zanetti
Waseda University and University of Oxford
Downloads 107 (549,535)

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Monetary policy, firm heterogeneity, product variety, reallocation

10.

Monetary Policy in Open Economies with Production Networks

Downloads 100 (577,170)

Monetary Policy in Open Economies with Production Networks

HKUST Business School Research Paper No. 2024-183
Number of pages: 80 Posted: 18 Oct 2024
Yicheng Wang, Zhesheng Qiu, Le Xu and Francesco Zanetti
Peking University, HKUST Business School, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 53 (841,253)

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Production networks, small open economy

Monetary Policy in Open Economies with Production Networks

CESifo Working Paper Series No. 11613
Number of pages: 82 Posted: 24 Jan 2025
Zhesheng Qiu, Yicheng Wang, Le Xu and Francesco Zanetti
HKUST Business School, Peking University, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 47 (891,224)

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production networks, small open economy, monetary policy

11.

The Effect of News Shocks and Monetary Policy

CESifo Working Paper No. 7578
Number of pages: 40 Posted: 08 Apr 2019
Christoph Görtz, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti
University of Birmingham - Department of Economics, University of Glasgow - Adam Smith Business School, University of Glasgow - Department of Economics and University of Oxford
Downloads 95 (596,884)

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news shocks, business cycles, VAR models

12.

Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping

Downloads 92 (630,572)
Citation 1

Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping

CESifo Working Paper No. 11684
Number of pages: 84 Posted: 25 Feb 2025
Jesús Fernández-Villaverde, Yiliang Li, Le Xu and Francesco Zanetti
University of Pennsylvania - Department of Economics, University of International Business and Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 84 (652,620)
Citation 1

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dark shipping, oil sanction, satellite data, clustering analysis, LP

Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping

NBER Working Paper No. w33486
Number of pages: 83 Posted: 18 Feb 2025 Last Revised: 27 Feb 2025
Jesús Fernández-Villaverde, Yiliang Li, Le Xu and Francesco Zanetti
University of Pennsylvania - Department of Economics, University of International Business and Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 8 (1,343,225)
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13.

Imperfect Information, Heterogeneous Demand Shocks, and Inflation Dynamics

CAMA Working Paper No. 29/2021
Number of pages: 57 Posted: 11 Mar 2021
Tatsushi Okuda, Tomohiro Tsuruga and Francesco Zanetti
Bank of Japan - Research and Statistics Department, International Monetary Fund (IMF) and University of Oxford
Downloads 87 (630,572)

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Imperfect information, Shock heterogeneity, Inflation dynamics

14.

Unemployment in a Commodity-Rich Economy: How Relevant is Dutch Disease?

Downloads 82 (653,278)

Unemployment in a Commodity-Rich Economy: How Relevant is Dutch Disease?

CESifo Working Paper No. 11092
Number of pages: 83 Posted: 08 May 2024
Mariano Kulish, James Morley, Nadine Yamout and Francesco Zanetti
The University of Sydney, University of Sydney - School of Economics, American University of Beirut (AUB) and University of Oxford
Downloads 72 (714,388)

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Dutch Disease, commodity prices, unemployment, structural change, structural transformation

Unemployment in a Commodity-Rich Economy: How Relevant is Dutch Disease?

Number of pages: 61 Posted: 10 Sep 2024
Mariano Kulish, James Morley, Nadine Yamout and Francesco Zanetti
The University of Sydney, University of Sydney - School of Economics, American University of Beirut and University of Oxford
Downloads 10 (1,322,753)

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Dutch Disease, commodity prices, unemployment, structural change, structural transformation, business cycles

15.

Optimal Inflation Weights in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1045
Number of pages: 37 Posted: 02 Apr 2016
Daniela Bragoli, Massimiliano Rigon and Francesco Zanetti
Università Cattolica del Sacro Cuore, Bank of Italy and University of Oxford
Downloads 76 (682,489)
Citation 95

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optimal monetary policy, euro area regions, asymmetric shocks, asymmetric price stickiness

16.

Testing the Effectiveness of Unconventional Monetary Policy in Japan and the United States

Number of pages: 73 Posted: 09 Mar 2023
Daisuke Ikeda, Shangshang Li, Sophocles Mavroeidis and Francesco Zanetti
Bank of Japan, University of Liverpool - Management School (ULMS), University of Oxford - Department of Economics and University of Oxford
Downloads 72 (703,468)

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effective lower bound, unconventional monetary policy, structural VAR

17.

The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

Downloads 72 (703,468)

The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

FRB Atlanta Working Paper No. 2021-4
Number of pages: 57 Posted: 14 May 2021
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 39 (967,071)

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The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

CESifo Working Paper No. 8897
Number of pages: 58 Posted: 24 Feb 2021
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 33 (1,031,249)

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18.

The Signaling Effects of Fiscal Announcements

CESifo Working Paper No. 11312
Number of pages: 75 Posted: 23 Oct 2024
Leonardo Melosi, Hiroshi Morita, Anna Rogantini Picco and Francesco Zanetti
University of Warwick, Tokyo Institute of Technology, Sveriges Riksbank - Research Division and University of Oxford
Downloads 69 (720,073)

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fiscal policy, macroeconomic stabilization, macroeconomic uncertainty, stock prices, Japan, asymmetric information

19.

Optimal Monetary Policy and Fiscal Interactions in a Non-Ricardian Economy

Bank of Italy Temi di Discussione (Working Paper) No. 1155
Number of pages: 65 Posted: 08 Dec 2017
Massimiliano Rigon and Francesco Zanetti
Bank of Italy and University of Oxford
Downloads 66 (737,464)
Citation 93

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optimal monetary policy, fiscal and monetary policy interaction

20.

The 'Matthew Effect' and Market Concentration: Search Complementarities and Monopsony Power

CAMA Working Paper No. 22/2021
Number of pages: 58 Posted: 18 Feb 2021
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 61 (768,323)

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Market concentration, superstar firms, search complementarities, monopsony power in the labor market

21.

The Adoption and Termination of Suppliers Over the Business Cycle

CESifo Working Paper No. 11030
Number of pages: 60 Posted: 04 Apr 2024
Le Xu, Yang Yu and Francesco Zanetti
Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 44 (897,211)
Citation 3

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management and adjustment costs, adoption and termination of suppliers, business cycles

22.

Agreed and Disagreed Uncertainty

CESifo Working Paper No. 10463
Number of pages: 52 Posted: 07 Jun 2023
Luca Gambetti, John D. Tsoukalas, Dimitris Korobilis and Francesco Zanetti
Universitat Autonoma de Barcelona, University of Glasgow - Department of Economics, University of Glasgow and University of Oxford
Downloads 41 (933,920)

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uncertainty, information frictions, disagreement, Bayesian vector autoregression (VAR), sign restrictions

23.

Technological Synergies, Heterogeneous Firms, and Idiosyncratic Volatility

CESifo Working Paper No. 11000
Number of pages: 57 Posted: 19 Mar 2024
Jesús Fernández-Villaverde, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 38 (953,404)

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technological synergies, heterogeneous firms, idiosyncratic uncertainty

24.

State Dependence in Labour Market Fluctuations

European Stability Mechanism Working Paper No. 47
Number of pages: 72 Posted: 07 Jul 2021
Carlo Pizzinelli, Konstantinos Theodoridis and Francesco Zanetti
International Monetary Fund (IMF), Cardiff University and University of Oxford
Downloads 30 (1,037,047)
Citation 4

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Search and Matching Models, State Dependence in Business Cycles, Threshold Vector Autoregression

25.

Defensive Hiring and Creative Destruction

Downloads 20 (1,157,377)

Defensive Hiring and Creative Destruction

CESifo Working Paper No. 11753
Number of pages: 61 Posted: 01 Apr 2025
Jesús Fernández-Villaverde, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 12 (1,299,463)

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productivity growth, innovation, R&D, patents, creative destruction

Defensive Hiring and Creative Destruction

NBER Working Paper No. w33588
Number of pages: 60 Posted: 24 Mar 2025
Jesús Fernández-Villaverde, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 8 (1,343,225)
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26.

The “Matthew Effect” and Market Concentration: Search Complementarities and Monopsony Power

NBER Working Paper No. w28495
Number of pages: 57 Posted: 01 Mar 2021 Last Revised: 02 Jun 2023
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 17 (1,194,213)
Citation 7

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27.

Credit Market Tightness and Zombie Firms: Theory and Evidence

CESifo Working Paper Series No. 11640
Number of pages: 49 Posted: 29 Jan 2025
Masashige Hamano, Philip Schnattinger, Mototsugu Shintani, Iichiro Uesugi and Francesco Zanetti
Waseda University, Bank of England, University of Tokyo, Hitotsubashi University and University of Oxford
Downloads 16 (1,206,269)

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Zombie firms, bank lending, credit market tightness

28.

Technological Synergies, Heterogeneous Firms, and Uncertainty Shocks

NBER Working Paper No. w32247
Number of pages: 71 Posted: 18 Mar 2024
Jesús Fernández-Villaverde, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 13 (1,241,402)
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29.

The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

CEPR Discussion Paper No. DP15788
Number of pages: 59 Posted: 11 Feb 2021
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 1 (1,334,269)
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