Leonardo Melosi
Leonardo Melosi
Professor
Research Affiliations
- CEPR Research Fellow
Contact details
Phone:
Email: Leonardo dot Melosi at warwick dot ac dot uk
Room: S2.98
Advice and feedback hours: Upon request
About me
I am a professor of economics at the University of Warwick. Before, I served as a senior economist and economic advisor and the executive director of the Center for Applied Macroeconomic Research in the Economic Research Department at the Federal Reserve Bank of Chicago. Earlier on, I was an assistant professor at the London Business School. I was a visiting scholar at the Northwestern University and Columbia University.
My research has been published in the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, the Review of Economics and Statistics, the Journal of the European Economic Association, the Journal of Monetary Economics, the American Economic Journal: Macroeconomics, the Journal of Econometrics, the International Economic Review and the NBER Macroeconomics Annual.
I am an associated editor of the Journal of Monetary Economics and the Journal of Applied Econometrics. I am a Wim Duisenberg Fellow at the European Central Bank and a Houblon-Norman Fellow at the Bank of England, a Research Fellow at the Centre for Economic Policy Research, a member of the American Economic Association, and the Royal Economic Society.
I received a B.A. in economics from the LUISS University, Rome (Italy), an M.Sc. in international economics from the Graduate Institute of International and Development Studies, Geneva (Switzerland) and an M.A. and a Ph.D. in economics from University of Pennsylvania.
Research Interests
- Macroeconomics
- Applied Econometrics
• “Pandemic Recessions and Contact Tracing” with M.Rottner; Journal of the European Economic Association, forthcoming.
• “Inflation as a Fiscal Limit” with F.Bianchi; 2022 Jackson Hole Symposium, Forthcoming.
• “Hitting the Elusive Inflation Target” with F.Bianchi and M.Rottner; Journal of Monetary Economics, Volume 124, p. 107-122.
• “Pigouvian Cycles” with R.Faccini; American Economic Journal: Macroeconomics, 2022, Volume 14(2), p. 281-318.
• “The Limits of Forward Guidance” with J.R.Campbell, F.Ferroni, and J.D.M. Fisher; Journal of Monetary Economics, 2019, Volume 108, p. 118-134
• “Fiscal Stimulus with Learning by Doing” with A.D’Alessandro and G.Fella; International Economic Review, 2019, Volume 60(3), p. 1413-1432
• “The Dire Effects of the Lack of Fiscal and Monetary Coordination” with F.Bianchi; Journal of Monetary Economics, Volume 104, 2019, p. 1-22
• “Escaping the Great Recession” with F.Bianchi; American Economic Review, Volume 107(4), 2017, p. 1030-1058
• “Constrained Discretion and Central Bank Transparency” with F.Bianchi; Review of Economics and Statistics, 2018, Volume 100(1), p.187-202
• “Signaling Effects of Monetary Policy;” Review of Economic Studies, Volume 84(2), 2017, p. 853-884.
• “Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis” with J.R.Campbell, J.D.M. Fisher, and A. Justiniano; NBER Macroeconomics Annual 2016, 2017(31), p. 283-357.
• “Modeling the Evolution of Expectations and Uncertainty in General Equilibrium” with F.Bianchi; International Economic Review, 2016, Volume 57(2), p. 717-756
• “The Natural Rate of Interest and Its Usefulness for Monetary Policy” with Robert Barsky and Alejandro Justiniano; American Economic Review P&P, Volume 104(5), 2014, p. 37-43
• “Estimating Models with Dispersed Information;” American Economic Journal: Macroeconomics, Volume 6(1), 2014, p. 1-31.
• “Dormant Shocks and Fiscal Virtue” with F.Bianchi; NBER Macroeconomics Annual 2013, Volume 28, 2014, p. 1-46.
• “Methods for Computing Marginal Data Densities from the Gibbs Output” with C. Fuentes-Albero; Journal of Econometrics, Volume 175, Issue 2, August 2013, p. 132–141.
• “Comments on Epidemics in New Keynesian Models by Eichenbaum Rebelo, and Trabandt,” Journal of Economic Dynamics and Control COVID-19 Special Issue, forthcoming.
• “The Role of Contact Tracing in the Long Pandemic War,” with M.Rottner, SUERF Policy Brief, n. 242, December 2021.
• “Some Inflation Scenarios for the American Rescue Plan Act of 2021” with F. Bianchi and J. Fisher, Chicago Fed Letter, n. 453, April 2021.
• “Strengthening the FOMC's Framework in View of the Effective Lower Bound and Some Considerations Related to Tome-Inconsistent Strategies” with F.Duarte, B.K. Johannsen, and T.Nakata, Finance and Economics Discussion Series, Board of Governors, August 27, 2020.
• “How to Pay for the (Pandemic) War”, with F.Bianchi and R.Faccini, VOX EU article, 13 May 2020.
• “The Macroeconomic Effects of the 2018 Bipartisan Budget Act” with J.R.Campbell, F.Ferroni, and J.D.M. Fisher, Economic Perspectives, Vol 43(2), 2019
• “The Event-Study Activity Puzzle” with Jeffrey R. Campbell, Jonas D.M. Fisher, and Alejandro Justiniano; Economic Perspectives, Vol 41(3), 2017
• “The Value of Forward Looking Communication” with F.Bianchi in Forward Guidance: Perspectives from Central Bankers, Scholars and Market Participants , ed. Wouter den Haan, p. 115-121, VoxEU.org Ebook, London, October 2013
• “Comments on “Global House Price Fluctuations, Synchronization and Determinants” by H.Hirata, M.A.Kose, C.Otrok, and M.E.Terrones”, NBER International Seminar on Macroeconomics 2012
• “Estimating Nonlinear Heterogeneous Agents Models with Neural Networks” with H.Kase and M.Rottner.
• “Who’s Afraid of Eurobonds?” with F.Bianchi and A.Rogantini Picco.
• “Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises” with S.Krane and M.Rottner.
• “Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength” with F.Bianchi and R.Faccini
• “The Signaling Effects of Fiscal Announcements” with H.Morita and F.Zanetti.