Fabio Milani

University of California, Irvine - Department of Economics

3151 Social Science Plaza

Irvine, CA 92697-5100

United States

  • University of California, Irvine - Department of Economics

SCHOLARLY PAPERS

16

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1,374

SSRN CITATIONS
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Top 7,597

in Total Papers Citations

144

CROSSREF CITATIONS

60

Scholarly Papers (16)

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1.

Structural Factor-Augmented VAR (Sfavar) and the Effects of Monetary Policy

Number of pages: 48 Posted: 17 Apr 2005
Francesco Belviso and Fabio Milani
Princeton University and University of California, Irvine - Department of Economics
Downloads 404 (122,390)
Citation 9

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VAR, Dynamic Factors, Monetary Policy, Structural FAVAR

2.

Expectations, Learning and Macroeconomic Persistence

Number of pages: 55 Posted: 02 Nov 2005
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 165 (297,920)
Citation 93

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persistence, constant-gain learning, expectations, habit formation in consumption, inflation inertia, Phillips curve, Bayesian econometrics, New-Keynesian model

3.

Learning, Monetary Policy Rules, and Macroeconomic Stability

Number of pages: 42 Posted: 16 Aug 2005
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 142 (337,162)
Citation 14

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monetary policy, new Keynesian DSGE model, constant-gain learning, expectations, Bayesian estimation, macroeconomic instability

4.

Behavioral New Keynesian Models: Learning vs. Cognitive Discounting

CESifo Working Paper No. 9039
Number of pages: 28 Posted: 05 May 2021
Greta Meggiorini and Fabio Milani
University of Auckland Business School and University of California, Irvine - Department of Economics
Downloads 136 (348,774)
Citation 1

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5.

Adaptive Learning and Inflation Persistence

Number of pages: 40 Posted: 29 Jun 2005
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 113 (400,178)
Citation 23

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adaptive learning, inflation persistence, sticky prices, best-fitting constant gain, learning speed, expectations

6.

The Misspecification of Expectations in New Keynesian Models: A DSGE-VAR Approach

CESifo Working Paper Series No. 6099
Number of pages: 40 Posted: 09 Nov 2016
Stephen J. Cole and Fabio Milani
Marquette University and University of California, Irvine - Department of Economics
Downloads 72 (532,838)
Citation 9

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modeling of expectations, DSGE models, rational expectations, observed survey expectations, model misspecification, DSGE-VAR, heterogeneous expectations

7.

The Effects of Globalization on Macroeconomic Dynamics in a Trade-Dependent Economy: The Case of Korea

Bank of Korea WP 2014-13
Number of pages: 41 Posted: 28 Mar 2015
Fabio Milani and Sung Ho Park
University of California, Irvine - Department of Economics and The Bank of Korea
Downloads 62 (576,208)

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Globalization, Inflation Dynamics, Global Slack Hypothesis, Openness, Inflation Expectations, Small Open Economy DSGE Model, Korea

8.

Monetary Policy with a Wider Information Set: A Bayesian Model Averaging Approach

Number of pages: 43 Posted: 27 Jan 2004
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 60 (585,544)
Citation 2

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Bayesian model averaging, leading indicators, model uncertainty, optimal monetary policy, interest rate smoothing

9.

Bounded Rationality, Monetary Policy, and Macroeconomic Stability

CESifo Working Paper No. 7706
Number of pages: 11 Posted: 14 Jul 2019 Last Revised: 18 Nov 2021
Francisco Ilabaca, Greta Meggiorini and Fabio Milani
University of California, Irvine - Department of Economics, University of Auckland Business School and University of California, Irvine - Department of Economics
Downloads 56 (605,294)
Citation 1

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Behavioral New Keynesian model, cognitive discounting, estimation under determinacy and indeterminacy, Taylor principle, active vs passive monetary policy

10.

Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle

CESifo Working Paper No. 8608
Number of pages: 38 Posted: 14 Oct 2020
Pratiti Chatterjee and Fabio Milani
University of New South Wales (UNSW) and University of California, Irvine - Department of Economics
Downloads 45 (665,676)
Citation 1

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uncertainty shocks, sentiment, animal spirits, learning, behavioural New Keynesian model, sources of business cycle fluctuations, observed survey expectations, optimism and pessimism in business cycles, probability density forecasts

11.

COVID-19 Outbreak, Social Response, and Early Economic Effects: A Global VAR Analysis of Cross-Country Interdependencies

CESifo Working Paper No. 8518
Number of pages: 37 Posted: 28 Aug 2020
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 38 (710,056)
Citation 7

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COVID-19 pandemic, health shocks, global VAR, social networks, social distancing, cross-country spillovers, unemployment indicators, Google trends

12.

Heterogeneity in Individual Expectations, Sentiment, and Constant-Gain Learning

CESifo Working Paper No. 8343
Number of pages: 45 Posted: 10 Jun 2020
Stephen J. Cole and Fabio Milani
Marquette University and University of California, Irvine - Department of Economics
Downloads 38 (710,056)
Citation 2

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13.

Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles

CESifo Working Paper No. 8224
Number of pages: 28 Posted: 20 Apr 2020
Francisco Ilabaca and Fabio Milani
University of California, Irvine - Department of Economics and University of California, Irvine - Department of Economics
Downloads 24 (815,945)

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heterogeneous expectations in New Keynesian model, indeterminacy, sunspots, Taylor principle, deviations from rational expectations, time-varying parameters

14.

Parameter Instability, Model Uncertainty and the Choice of Monetary Policy

Number of pages: 33 Posted: 02 Jun 2005
Carlo A. Favero and Fabio Milani
Bocconi University - Department of Finance and University of California, Irvine - Department of Economics
Downloads 16 (888,683)
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Model uncertainty, parameter instability, optimal monetary policy

15.

Expectation Shocks and Learning as Drivers of the Business Cycle

CEPR Discussion Paper No. DP7743
Number of pages: 42 Posted: 17 Mar 2010
Fabio Milani
University of California, Irvine - Department of Economics
Downloads 3 (1,005,729)
Citation 13
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Behavioral Explanations of the Business Cycle, Constant-Gain Learning, DSGE Estimation with Survey Expectations, Expectation Formation, Expectation Shocks, Waves of Optimism and Pessimism

16.

Adaptive Learning, Model Uncertainty and Monetary Policy Inertia in a Large Information Environment

Posted: 27 Jan 2004
Fabio Milani
University of California, Irvine - Department of Economics

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Optimal monetary policy, Bayesian Model Averaging, leading indicators, model uncertainty, adaptive learning, interest-rate smoothing, inertia