Best Paper award for Professor Giovanni Ricco

Professor Giovanni Ricco has received a prestigious American Economic Journal Best Paper 2024 AwardLink opens in a new window for a paper published in the American Economic Journal: Macroeconomics.

The awards are made annually to the best paper published in each of the four American Economic Journals – Applied Economics, Macroeconomics, Economic Policy and Microeconomics - in the previous three years. The winning papers are chosen by the journals’ Boards of Editors from those nominated by AEA members.

Professor Ricco’s paper was published in 2021 and is co-authored with Professor Silvia Miranda-Agrippino, Research Economist at the Federal Reserve Bank of New York

In The Transmission of Monetary Policy Shocks Silvia Miranda-Agrippino and Giovanni Ricco study widely used instruments for the identification of monetary policy disturbances, show how the use of these instruments is behind the empirical puzzles reported in the literature, and propose a new high-frequency instrument for monetary policy shocks that accounts for informational rigidities.

Commenting on his award, Professor Ricco said it was a complete surprise but a very welcome one.

Head of Department Ben Lockwood said: “On behalf of all in Warwick Economics I’d like to congratulate Giovanni on his ‘best paper’ award. It is a significant achievement for him personally and an important accolade for the Department."

• The Transmission of Monetary Policy Shocks Silvia Miranda-Agrippino and Giovanni Ricco, American Economic Journal: Macroeconomics 2021, 13(3): 74–107. https://doi.org/10.1257/mac.20180124
• Full text versions of the four winning articles are available at https://www.aeaweb.org/about-aea/honors-awards/aej-best-papersLink opens in a new window.