Bocconi Home






Unemployment Fluctuations, Match Quality and the Wage Cyclicality of New Hires (with Mark Gertler and Christopher Huckfeldt), The Review of Economic Studies, forthcoming 

Supplementary Appendix. See also NBER WP22341.


Comment on Can Appreciation Be Expansionary? Evidence from the Euro Area, Economic Policy, 2018, 33 (94), pp. 255-259


Comment on On the Economics and Politics of Refugee Migration, Economic Policy, 2018, 32 (91), pp. 539-543


Comment on Global Liquidity and Cross-Border Bank Flows, Economic Policy, 2017, 32 (89), pp. 118-122


Comment on Academies, Charter and Free Schools: Do New School Types Deliver Better Outcomes?, Economic Policy, 2016, 31 (87), pp. 494-498


Comment on Long-Term Nonemployment and Job Displacement, 2014 Jackson Hole Symposium on Re-evaluating Labor Market Dynamics, 2015, Federal Reserve Bank of Kansas City, pp. 389-409


Structural and Cyclical Forces in the Labor Market during the Great Recession: Cross-Country Evidence (with Luca Sala and Ulf Soderstrom), NBER International Seminar on Macroeconomics 2012, 2013, The University of Chicago Press


Taxes and the Labor Market (with Tommaso Monacelli and Roberto Perotti), Fiscal Policy and Macroeconomic Performance (L. Céspedes and J. Galì eds.), Central Banking, Analysis and Economic Policies Series, Central Bank of Chile, 2012, vol. 17, ch. 2, pp. 27-58


Unemployment Fiscal Multipliers (with Tommaso Monacelli and Roberto Perotti), Journal of Monetary Economics, 2010, 57 (5), pp. 531-553


Unemployment Fluctuations with Staggered Nash Wage Bargaining (with Mark Gertler), Journal of Political Economy, 2009, 117 (1), pp. 38-86

Featured in the Financial Times

Working paper version with extended Appendix


Equilibrium Unemployment, Job flows and Inflation Dynamics, Journal of Money, Credit and Banking, 2009, 41 (1), pp. 1-33


An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining (with Mark Gertler and Luca Sala), Journal of Money, Credit and Banking, 2008, 40 (8), pp. 1713-1764


Monetary Policy under Uncertainty in an Estimated Model with Labor Market Frictions (with Luca Sala and Ulf Soderstrom), Journal of Monetary Economics, 2008, 55 (5), pp. 983-1006


Comment on Cyclical Wages in a Search-and-Bargaining Model with Large Firms by Julio Rotemberg, NBER International Seminar on Macroeconomics 2006, 2008, The University of Chicago Press


Public Employment and the Business Cycle (with Vincenzo Quadrini), Scandinavian Journal of Economics, 2007, 109 (4), pp. 723-742


Working papers


Financial Markets and Unemployment (with Tommaso Monacelli and Vincenzo Quadrini), NBER Working Paper No. 17389, 2011


The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours (with Luca Sala and Ulf Soderstrom), CEPR Discussion Paper No. 8005, 2010


The Role of Search Frictions and Bargaining for Inflation Dynamics, IGIER Working Paper No. 304, 2006


Work in progress


Financial Markets and Unemployment (with Tommaso Monacelli and Vincenzo Quadrini). NEW VERSION COMING SOON!


Measuring Productivity Growth in the Presence of Adjustment Costs, Markups and Variable Capital Utilization, with Diego Comin, Javier Quintana and Tom Schmitz. COMING SOON!


Assessing the (De)Stabilizing Effects of Unemployment Insurance, with Alexey Gorn. COMING SOON!


Who Creates and Destroys Jobs over the Business Cycle?, with Andrea Colciago and Volker Lindenthal. COMING SOON!


The Cyclicality of Job Finding and Separation Rates in Italy: the Role of Demographics and Dual Labor Markets, with Jerome Adda and Ivan Lagrosa. COMING SOON!


The Drivers of European Unemployment during the Great Recession, with Diego Comin, Riccardo Franceschin, and Andrea Pasqualini.




Discussion of A Plucking Model of Business Cycles by Stephane Dupraz, Emi Nakamura and Jon Steinsson, 2019


Discussion of Insider-Outsider Labor Markets, Hysteresis and Monetary Policy by Jordi Galì, 2016


Discussion of  Slow Recoveries, Worker Heterogeneity, and the Zero Lower Bound by Federico Ravenna and Carl Walsh, 2013


Discussion of  Labor Market Reform in the Presence of  Financial and Labor Market Frictions by Andrea Caggese and Ander Perez, 2013


Discussion of  Quantifying the Forces Leading to the Collapse of GDP after the Financial Crisis by Bob Hall, 2012


Modificato il 24/06/2020