Luca Sala

University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)

Via Roentgen 1

Milan, 20136

Italy

SCHOLARLY PAPERS

23

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1,421

CITATIONS
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Top 2,158

in Total Papers Citations

216

Scholarly Papers (23)

1.

The Fiscal Theory of the Price Level: Identifying Restrictions and Empirical Evidence

IGIER Working Paper No. 257
Number of pages: 37 Posted: 05 May 2004
Luca Sala
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 273 (110,148)
Citation 7

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Fiscal theory of the price level, monetary and fiscal policy interaction, VAR models, fiscal shocks

2.

Term Structure Forecasting: No-Arbitrage Restrictions versus Large Information Set

Paolo Baffi Centre Research Paper No. 2009-44
Number of pages: 48 Posted: 04 May 2009
Carlo A. Favero, Linlin Niu and Luca Sala
Bocconi University - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 152 (190,953)
Citation 21

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Yield curve, term structure of interest rates, forecasting

3.
Downloads 134 (211,429)
Citation 52

Monetary Policy in Real Time

IGIER Working Paper No. 284
Number of pages: 33 Posted: 04 Apr 2005
Federal Reserve Banks - Federal Reserve Bank of New York, London Business School and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 103 (258,249)
Citation 17

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Taylor rules, real time analysis, monetary policy, forecasting, large datasets

Monetary Policy in Real Time

CEPR Discussion Paper No. 4981
Number of pages: 35 Posted: 01 Aug 2005
Federal Reserve Banks - Federal Reserve Bank of New York, London Business School and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 31 (468,297)
Citation 108
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Taylor rules, real time analysis, monetary policy, forecasting, large datasets

4.

An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining

Paolo Baffi Centre Research Paper Series No. 2008-24
Number of pages: 61 Posted: 01 Sep 2008
New York University - Leonard N. Stern School of Business - Department of Economics, Bocconi University - Department of Economics and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 131 (215,370)
Citation 157

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Vars, Common Factors and the Empirical Validation of Equilibrium Business Cycle Models

IGIER Working Paper No. 258
Number of pages: 24 Posted: 05 May 2004
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Federal Reserve Banks - Federal Reserve Bank of New York and London Business School
Downloads 90 (282,459)

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Dynamic factor models, structural VARs, identification, equilibrium business cycle models

Vars, Common Factors and the Empirical Validation of Equilibrium Business Cycle Models

CEPR Discussion Paper No. 3701
Number of pages: 28 Posted: 05 Feb 2003
Federal Reserve Banks - Federal Reserve Bank of New York, London Business School and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 19 (539,002)
Citation 32
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Dynamic factor models, structural VARs, identification, equilibrium business cycle models

Back to Square One: Identification Issues in DSGE Models

ECB Working Paper No. 583, IGIER Working Paper No. 303, Banco de España Research Paper No. WP-0715
Number of pages: 48 Posted: 03 Feb 2006
Fabio Canova and Luca Sala
Bi norwegian business school and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 104 (256,505)

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identification, DSGE models

Back to Square One: Identification Issues in DSGE Models

CEPR Discussion Paper No. DP7234
Number of pages: 47 Posted: 07 Apr 2009
Fabio Canova and Luca Sala
Bi norwegian business school and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 1 (675,327)
Citation 145
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DSGE models, Identification, Impulse Responses, small samples

The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours

Paolo Baffi Centre Research Paper No. 2010-81
Number of pages: 68 Posted: 02 Sep 2010 Last Revised: 20 Nov 2010
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Bocconi University and Bocconi University - Department of Economics
Downloads 59 (360,066)
Citation 12

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Business cycles, Eciency, Labor markets, Monetary Policy

The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours

Riksbank Research Paper Series No. 77, Sveriges Riksbank Working Paper Series No. 246
Number of pages: 68 Posted: 27 Jan 2011
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Central Bank of Sweden - Research Department and Bocconi University - Department of Economics
Downloads 41 (423,599)
Citation 6

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Business cycles, Efficiency, Labor markets, Monetary policy

The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours

CEPR Discussion Paper No. DP8005
Number of pages: 69 Posted: 14 Nov 2010
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Central Bank of Sweden - Research Department and Bocconi University - Department of Economics
Downloads 2 (660,769)
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Business cycles, Efficiency, Labor markets, Monetary policy

8.

Noisy News in Business Cycles

Baffi Center Research Paper No. 2014-159
Number of pages: 45 Posted: 20 Nov 2014
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics, Universitat Autonoma de Barcelona, Dipartimento di Scienze Economiche (DiSSE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 101 (260,096)
Citation 17

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Nonfundamentalness, SVAR, Imperfect Information, News, Noise, Business cycles

9.

Noise Bubbles

Baffi Center Research Paper No. 2014-160
Number of pages: 40 Posted: 20 Nov 2014
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics, Universitat Autonoma de Barcelona, Dipartimento di Scienze Economiche (DiSSE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 68 (330,273)
Citation 5

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Rational bubbles, structural VARs, noise shocks

10.
Downloads 68 (330,273)
Citation 1

No News in Business Cycles

Paolo Baffi Centre Research Paper No. 2012-126
Number of pages: 41 Posted: 13 Oct 2012
Mario Forni, Luca Gambetti and Luca Sala
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics, Universitat Autonoma de Barcelona and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 68 (334,215)
Citation 2

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structural factor model, news shocks, invertibility, fundamentalness

No News in Business Cycles

The Economic Journal, Vol. 124, Issue 581, pp. 1168-1191, 2014
Number of pages: 24 Posted: 10 Dec 2014
Mario Forni, Luca Gambetti and Luca Sala
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics, Universitat Autonoma de Barcelona and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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11.

DSGE Models in the Frequency Domain

Paolo Baffi Centre Research Paper No. 2012-130
Number of pages: 41 Posted: 27 Oct 2012
Luca Sala
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 59 (355,032)
Citation 10

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DSGE models, frequency-domain, band maximum likelihood

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

Riksbank Research Paper Series No. 95, Sveriges Riksbank Working Paper Series No. 264
Number of pages: 65 Posted: 23 Nov 2012
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Central Bank of Sweden - Research Department and Bocconi University - Department of Economics
Downloads 36 (444,946)

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Business cycles, financial crisis, labor market matching, Beveridge curve

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

Paolo Baffi Centre Research Paper No. 2012-128
Number of pages: 64 Posted: 20 Oct 2012
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Bocconi University and Bocconi University - Department of Economics
Downloads 21 (526,282)
Citation 5

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business cycles, financial crisis, labor market matching, Beveridge curve

13.

Tracking Greenspan: Systematic and Unsystematic Monetary Policy Revisited

CEPR Discussion Paper No. 3550
Number of pages: 47 Posted: 25 Oct 2002
Federal Reserve Banks - Federal Reserve Bank of New York, London Business School and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 29 (466,090)
Citation 3
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Monetary policy, Taylor rules, monetary shocks, signal extraction, dynamic factor models

Real Interest Rates and Productivity in Small Open Economies

Banque de France Working Paper No. 704
Number of pages: 54 Posted: 31 Dec 2018
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Banque de France
Downloads 13 (578,008)

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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
Bocconi University - Department of Economics, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Banque de France
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15.

No News in Business Cycles

CEPR Discussion Paper No. DP8274
Number of pages: 33 Posted: 14 Mar 2011
Mario Forni, Luca Gambetti and Luca Sala
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 8 (586,617)
Citation 23
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fundamentalness, invertibility, news shocks, structural factor model

16.

Monetary Policy Under Uncertainty in an Estimated Model with Labour Market Frictions

CEPR Discussion Paper No. DP6826
Number of pages: 47 Posted: 12 Jun 2008
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Bocconi University and Bocconi University - Department of Economics
Downloads 5 (605,926)
Citation 38
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Labour market search, Monetary policy, Natural rate uncertainty, Parameter uncertainty, Unemployment

17.

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

NBER Working Paper No. w18434
Number of pages: 64 Posted: 06 Oct 2012
University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER), Central Bank of Sweden - Research Department and Bocconi University - Department of Economics
Downloads 4 (612,793)
Citation 1

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18.

Term Structure Forecasting: No-Arbitrage Restrictions vs. Large Information Set

CEPR Discussion Paper No. DP6206
Number of pages: 35 Posted: 21 May 2008
Carlo A. Favero, Linlin Niu and Luca Sala
Bocconi University - Department of Finance, Xiamen University - Wang Yanan Institute for Studies in Economics (WISE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 2 (630,635)
Citation 1
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Factor models, forecasting, large data set, term structure of interest rates, yield curve

19.

Noise Bubbles

CEPR Discussion Paper No. DP9532
Number of pages: 55 Posted: 02 Jul 2013
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona, Dipartimento di Scienze Economiche (DiSSE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 1 (643,301)
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Noise shocks, Rational bubbles, Structural VARs

20.

Noise Bubbles

The Economic Journal, Vol. 127, Issue 604, pp. 1940-1976, 2017
Number of pages: 37 Posted: 06 Sep 2017
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona, Dipartimento di Scienze Economiche (DiSSE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
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21.

News, Uncertainty and Economic Fluctuations

CEPR Discussion Paper No. DP12139
Number of pages: 45 Posted: 18 Jul 2017
Mario Forni, Luca Gambetti and Luca Sala
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 0 (661,445)
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22.

VAR Information and the Empirical Validation of DSGE Models

CEPR Discussion Paper No. DP11178
Number of pages: 47 Posted: 18 Apr 2016
Mario Forni, Luca Gambetti and Luca Sala
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 0 (661,445)
Citation 1
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23.

Noisy News in Business Cycles

CEPR Discussion Paper No. DP9601
Number of pages: 43 Posted: 20 Aug 2013
Università di Modena; Centre for Economic Policy Research (CEPR), Universitat Autonoma de Barcelona, Dipartimento di Scienze Economiche (DiSSE) and University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER)
Downloads 0 (661,445)
Citation 3
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Business cycle, Imperfect information, News, Noise, Nonfundamentalness, SVAR