Tommaso Monacelli

Bocconi University - Department of Economics

Via Gobbi 5

Milan, 20136

Italy

SCHOLARLY PAPERS

30

DOWNLOADS
Rank 17,075

SSRN RANKINGS

Top 17,075

in Total Papers Downloads

2,766

CITATIONS
Rank 5,094

SSRN RANKINGS

Top 5,094

in Total Papers Citations

108

Scholarly Papers (30)

Monetary Policy and Exchange Rate Volatility in a Small Open Economy

UPF Economics and Business Working Paper 835
Number of pages: 39 Posted: 29 Nov 2005
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 369 (78,233)
Citation 7

Abstract:

Loading...

Small open economy, optimal monetary policy, sticky prices, exchange rate peg, exchange rate volatility

Monetary Policy and Exchange Rate Volatility in a Small Open Economy

NBER Working Paper No. w8905
Number of pages: 45 Posted: 18 Apr 2002 Last Revised: 07 Jul 2005
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 56 (369,784)

Abstract:

Loading...

Monetary Policy and Exchange Rate Volatility in a Small Open Economy

CEPR Discussion Paper No. 3346
Number of pages: 47 Posted: 04 Jun 2002
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 28 (484,182)
Citation 453
  • Add to Cart

Abstract:

Loading...

Small open economy, optimal monetary policy, sticky prices, exchange rate peg, exchange rate volatility

2.

Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S.

IGIER Working Paper No. 282
Number of pages: 31 Posted: 14 Feb 2005
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Finance and Bocconi University - Department of Economics
Downloads 435 (64,932)
Citation 46

Abstract:

Loading...

Active and passive fiscal policy rule, Markov-switching estimation, monetary policy rule

3.

Housing Finance and Monetary Policy

ECB Working Paper No. 1069
Number of pages: 51 Posted: 18 Jul 2009
Alessandro Calza, Tommaso Monacelli and Livio Stracca
European Central Bank (ECB), Bocconi University - Department of Economics and European Central Bank (ECB)
Downloads 348 (84,475)
Citation 115

Abstract:

Loading...

Housing finance, mortgage markets, collateral constraint, monetary policy

4.

Monetary Policy in a Low Pass-Through Environment

IGIER Working Paper No. 228; ECB Working Paper No. 227
Number of pages: 50 Posted: 28 Apr 2003
Tommaso Monacelli
Bocconi University - Department of Economics
Downloads 308 (96,741)
Citation 96

Abstract:

Loading...

deviations from the law of one price, policy trade-off, gains from commitment, exchange rate channel

Optimal Monetary Policy Rules, Asset Prices and Credit Frictions

IGIER Working Paper No. 279
Number of pages: 44 Posted: 03 Feb 2005
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 178 (166,794)
Citation 4

Abstract:

Loading...

Optimal monetary policy rules, financial distortions, price stability, asset prices

Optimal Monetary Policy Rules, Asset Prices and Credit Frictions

CEPR Discussion Paper No. 4880
Number of pages: 46 Posted: 25 May 2005
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 13 (578,224)
Citation 77
  • Add to Cart

Abstract:

Loading...

Optimal monetary policy rules, financial distortions, price stability, asset prices

6.

Monetary-Fiscal Mix and Inflation Performance: Evidence from the U.S.

IGIER Working Paper No. 234
Number of pages: 28 Posted: 04 Jun 2003
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Finance and Bocconi University - Department of Economics
Downloads 191 (156,443)
Citation 20

Abstract:

Loading...

Monetary and Fiscal Policy Rules, Markov Switching, Inflation

7.
Downloads 176 (168,422)
Citation 5

Financial Markets and Unemployment

Paolo Baffi Centre Research Paper No. 2012-129, Marshall School of Business Working Paper No. FBE 01.13
Number of pages: 53 Posted: 26 Oct 2012
Tommaso Monacelli, Vincenzo Quadrini and Antonella Trigari
Bocconi University - Department of Economics, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Bocconi University - Department of Economics
Downloads 161 (182,148)
Citation 6

Abstract:

Loading...

limited enforcement, wage bargaining, unemployment, credit shocks

Financial Markets and Unemployment

NBER Working Paper No. w17389
Number of pages: 44 Posted: 21 Sep 2011
Tommaso Monacelli, Vincenzo Quadrini and Antonella Trigari
Bocconi University - Department of Economics, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Bocconi University - Department of Economics
Downloads 15 (565,021)

Abstract:

Loading...

Fiscal Policy, Wealth Effects, and Markups

NBER Working Paper No. w14584
Number of pages: 56 Posted: 29 Dec 2008 Last Revised: 23 Jan 2009
Tommaso Monacelli and Roberto Perotti
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 102 (260,061)

Abstract:

Loading...

Fiscal Policy, Wealth Effects and Markups

CEPR Discussion Paper No. DP7099
Posted: 17 Feb 2009
Tommaso Monacelli and Roberto Perotti
Bocconi University - Department of Economics and Bocconi University - Department of Economics

Abstract:

Loading...

Government spending, markup, private consumption, wealth effect

9.

Commitment, Discretion and Fixed Exchange Rates in an Open Economy

IGIER Working Paper No. 233
Number of pages: 32 Posted: 26 May 2003
Tommaso Monacelli
Bocconi University - Department of Economics
Downloads 91 (278,371)
Citation 2

Abstract:

Loading...

Optimal monetary policy, commitment, discretion, fixed exchange rates

Ramsey Monetary Policy and International Relative Prices

ECB Working Paper No. 344; IGIER Working Paper No. 254
Number of pages: 57 Posted: 09 Jun 2004
Tommaso Monacelli and Ester Faia
Bocconi University - Department of Economics and Goethe University Frankfurt
Downloads 77 (311,352)

Abstract:

Loading...

optimal monetary policy, Ramsey planner, Nash equilibrium, cooperation, sticky prices, imperfect competition

Ramsey Monetary Policy and International Relative Prices

CEPR Discussion Paper No. 4386
Number of pages: 45 Posted: 11 Jun 2004
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 13 (578,224)
Citation 2
  • Add to Cart

Abstract:

Loading...

Optimal monetary policy, Ramsey planner, Nash equilibrium, cooperation, sticky prices, imperfect competition

11.

Optimal Monetary and Fiscal Policy in a Currency Union

IGIER Working Paper No. 300
Number of pages: 40 Posted: 19 Dec 2005
Tommaso Monacelli and Jordi Galí
Bocconi University - Department of Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 79 (303,575)
Citation 2

Abstract:

Loading...

monetary union, sticky prices, countercyclical policy, inflation differentials

12.

How Institutions Shape the Distributive Impact of Macroeconomic Shocks: A DSGE Analysis

Number of pages: 51 Posted: 10 Aug 2012
Rudiger Ahrend, Charlotte Moeser and Tommaso Monacelli
Centre for Entrepreneurship, SMEs, Regions and Cities, OECD and Bocconi University - Department of Economics
Downloads 67 (333,034)
Citation 2

Abstract:

Loading...

DSGE, heterogeneous agents, credit frictions, shocks, income distribution, institutions

13.
Downloads 47 (393,693)
Citation 36

Optimal Monetary and Fiscal Policy in a Currency Union

NBER Working Paper No. w11815
Number of pages: 40 Posted: 19 Feb 2006 Last Revised: 01 Aug 2009
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 28 (484,182)

Abstract:

Loading...

Optimal Monetary and Fiscal Policy in a Currency Union

CEPR Discussion Paper No. 5374
Number of pages: 42 Posted: 20 Feb 2006
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 19 (539,210)
Citation 96
  • Add to Cart

Abstract:

Loading...

Monetary union, sticky prices, countercyclical policy, inflation differentials

14.

Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints

NBER Working Paper No. w12470
Number of pages: 53 Posted: 30 Aug 2006 Last Revised: 15 Sep 2010
Tommaso Monacelli
Bocconi University - Department of Economics
Downloads 37 (431,188)
Citation 13

Abstract:

Loading...

15.
Downloads 29 (466,295)
Citation 31

Unemployment Fiscal Multipliers

NBER Working Paper No. w15931
Number of pages: 53 Posted: 26 Apr 2010 Last Revised: 14 Jul 2010
Tommaso Monacelli, Roberto Perotti and Antonella Trigari
Bocconi University - Department of Economics, Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 27 (489,779)

Abstract:

Loading...

Unemployment Fiscal Multipliers

CEPR Discussion Paper No. DP7728
Number of pages: 55 Posted: 17 Mar 2010
Tommaso Monacelli, Roberto Perotti and Antonella Trigari
Bocconi University - Department of Economics, Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 2 (661,029)
Citation 58
  • Add to Cart

Abstract:

Loading...

fiscal policy, labor market, unemployment

16.

Optimal Monetary Policy in a Small Open Economy with Home Bias

CEPR Discussion Paper No. 5522
Number of pages: 35 Posted: 14 Jun 2006
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 23 (498,022)
Citation 32
  • Add to Cart

Abstract:

Loading...

Optimal monetary policy, Ramsey planner, home bias, sticky prices

17.

Monetary-Fiscal Mix and Inflation Performance: Evidence from the Us

CEPR Discussion Paper No. 3887
Number of pages: 30 Posted: 17 Jun 2003
Carlo A. Favero and Tommaso Monacelli
Bocconi University - Department of Finance and Bocconi University - Department of Economics
Downloads 23 (498,022)
  • Add to Cart

Abstract:

Loading...

Monetary and fiscal policy rules, Markov switching, inflation

18.

New Keynesian Models, Durable Goods and Collateral Constraints

CEPR Discussion Paper No. 5916
Number of pages: 47 Posted: 29 Dec 2006
Tommaso Monacelli
Bocconi University - Department of Economics
Downloads 19 (520,989)
Citation 58
  • Add to Cart

Abstract:

Loading...

Durable goods, sticky prices, collateral constraint

Real Interest Rates and Productivity in Small Open Economies

Banque de France Working Paper No. 704
Number of pages: 54 Posted: 31 Dec 2018
Tommaso Monacelli, Luca Sala and Daniele Siena
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Banque de France
Downloads 13 (578,224)

Abstract:

Loading...

World Interest Rates, Financial Frictions, Firms' Heterogeneity, Small Open Economies

Real Interest Rates and Productivity in Small Open Economies

CEPR Discussion Paper No. DP12808
Number of pages: 54 Posted: 26 Mar 2018
Tommaso Monacelli, Luca Sala and Daniele Siena
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Banque de France
Downloads 0
  • Add to Cart

Abstract:

Loading...

Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

NBER Working Paper No. w22489
Number of pages: 38 Posted: 08 Aug 2016
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 12 (584,997)

Abstract:

Loading...

Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

CEPR Discussion Paper No. DP9806
Number of pages: 55 Posted: 02 Jun 2014
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 0
Citation 13
  • Add to Cart

Abstract:

Loading...

currency unions, exchange rate policy, exchange rate regime, monetary policy rules., New Keynesian model, nominal rigidities, stabilization policies, stabilization policy, sticky wages

Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?

CEPR Discussion Paper No. DP6231
Number of pages: 61 Posted: 22 May 2008
Alessandro Calza, Tommaso Monacelli and Livio Stracca
European Central Bank (ECB), Bocconi University - Department of Economics and European Central Bank (ECB)
Downloads 9 (605,385)
Citation 19
  • Add to Cart

Abstract:

Loading...

Collateral constraint, house prices, monetary policy, mortgage markets

Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?

CFS Working Paper No. 2007/10
Posted: 08 Mar 2007
Alessandro Calza, Tommaso Monacelli and Livio Stracca
European Central Bank (ECB), Bocconi University - Department of Economics and European Central Bank (ECB)

Abstract:

Loading...

House Prices, Mortgage Markets, Collateral Constraint, Monetary Policy

22.

Is Government Spending at the Zero Lower Bound Desirable?

NBER Working Paper No. w20687
Number of pages: 54 Posted: 24 Nov 2014
Florin Bilbiie, Tommaso Monacelli and Roberto Perotti
Université Paris I Panthéon-Sorbonne, Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 7 (593,158)

Abstract:

Loading...

23.

Public Debt and Redistribution with Borrowing Constraints

CEPR Discussion Paper No. DP9088
Number of pages: 42 Posted: 28 Sep 2012
Florin Ovidiu Bilbiie, Tommaso Monacelli and Roberto Perotti
University of Oxford, Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 4 (613,096)
Citation 8
  • Add to Cart

Abstract:

Loading...

borrowing constraint, public debt, redistribution, tax cuts

24.

Public Debt and Redistribution with Borrowing Constraints

The Economic Journal, Vol. 123, Issue 566, pp. F64-F98, 2013
Number of pages: 35 Posted: 27 Feb 2013
Tommaso Monacelli and Roberto Perotti
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 3 (621,025)
  • Add to Cart

Abstract:

Loading...

25.

Redistribution and the Multiplier

CEPR Discussion Paper No. DP8641
Number of pages: 35 Posted: 24 Nov 2011
Tommaso Monacelli and Roberto Perotti
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 3 (621,025)
Citation 4
  • Add to Cart

Abstract:

Loading...

26.

Is Monetary Policy in an Open Economy Fundamentally Different?

CEPR Discussion Paper No. DP9087
Number of pages: 25 Posted: 28 Sep 2012
Tommaso Monacelli
Bocconi University - Department of Economics
Downloads 2 (630,944)
Citation 5
  • Add to Cart

Abstract:

Loading...

consumption imports, exchange rate, imported inputs, monetary policy, openness, trade

27.

Fiscal Policy, the Real Exchange Rate and Traded Goods

The Economic Journal, Vol. 120, No. 544, pp. 437-461, May 2010
Number of pages: 25 Posted: 10 May 2010
Tommaso Monacelli and Roberto Perotti
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 2 (630,944)
Citation 31
  • Add to Cart

Abstract:

Loading...

28.

Deleverage and Financial Fragility

CEPR Discussion Paper No. DP10531
Number of pages: 42 Posted: 09 Apr 2015
Marco Maffezzoli and Tommaso Monacelli
Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 1 (643,651)
Citation 2
  • Add to Cart

Abstract:

Loading...

aggregate fluctuations, deleverage, financial fragility, nonlinearities

29.

Is Government Spending at the Zero Lower Bound Desirable?

CEPR Discussion Paper No. DP10210
Number of pages: 57 Posted: 21 Oct 2014
Florin Ovidiu Bilbiie, Tommaso Monacelli and Roberto Perotti
University of Oxford, Bocconi University - Department of Economics and Bocconi University - Department of Economics
Downloads 1 (643,651)
Citation 5
  • Add to Cart

Abstract:

Loading...

government spending multiplier, welfare, zero lower bound

30.

The Inherent Benefit of Monetary Unions

CEPR Discussion Paper No. DP11416
Number of pages: 58 Posted: 01 Aug 2016
Dominik Groll and Tommaso Monacelli
Kiel Institute for the World Economy and Bocconi University - Department of Economics
Downloads 0 (661,847)
  • Add to Cart

Abstract:

Loading...

commitment, discretion, flexible exchange rates, monetary union, nominal rigidities., welfare losses