Working Papers

Time-varying Price Flexibility and Inflation Dynamics
with Petrella I. and de la Porte Simonsen, L.)

Sectoral Heterogeneity, Production Networks, and the Effects of Government Spending
(with Bouakez, H. and Rachedi, O.
) Supplementary Material 

Chained Financial Frictions and Credit Cycles Appendix
with Lubello, F. and Petrella, I.)

Technical Change and the Distribution of Firm Growth
Distante, R. and Petrella, I.). This paper has been previously circulated under the title Asymmetry Reversals and the Business Cycle. Under Revision


Research in Progress

Kinks and Credit-cycle Gains, (with Jensen, H. and Hove Ravn, S.)

House Prices,  Increasing Returns and Government Spending Shocks (with Bisgaard Larsen, R. and Hove Ravn, S.)




Leverage and Deepening Business Cycle Skewness
with Jensen, H., Petrella I. and Hove Ravn, S.)  Accepted for publication at the American Economic Journal: Macroeconomics

Changing Credit Limits, Changing Business Cycles
with Jensen, H. and Hove Ravn, S.) Accepted for publication at the European Economic Review

Gibrat's Law and Quantile Regressions: an Application to Firm Growth
(with Distante, R. and Petrella, I.)
Accepted for publication at Economics Letters

Monetary Policy with Sectoral Trade-offs; Technical Appendix
(Petrella, I. and Rossi, R.). Accepted for publication at the Scandinavian Journal of Economics

 Consumer Attitudes and their Inflation Expectations
(with Ehrmann, M. and Pfajfar, D.). International Journal of Central Banking, February 2017, 225-259. WP version here. This paper has caught the attention of the Financial Times

Loss Aversion and the Asymmetric Transmission of Monetary Policy
(with Gaffeo, E., Petrella, I. and Pfajfar, D.)
. Journal of Monetary Economics, November 2014, 68:19-36. WP version here

Credit Market Distortions, Asset Prices and Monetary Policy WP version here
(with Pfajfar, D.). Macroeconomic Dynamics, April 2014, 18:631-650.

Discretion vs. Timeless Perspective under Model-consistent Stabilization Objectives

(Petrella, I. and Rossi, R.) Economics Letters, January 2014, 122:84-88. WP version here. Technical Appendix

Aggregate Fluctuations and the Cross-sectional Dynamics of Firm Growth
(with Holly, S. and Petrella, I.).
Journal of the Royal Statistical Society: Series A, February 2013, 176:459-479. WP version here

News on Inflation and the Epidemiology of Inflation Expectations
(with Pfajfar, D.). Journal of Money, Credit and Banking, September 2013, 45:1045-1067.

On the Individual and Social Determinants of Neighborhood Satisfaction and Attachment
(with Corrado, G. and Corrado, L.). Regional Studies
November 2013, 47:544-562.

Inflation Dynamics and Real Marginal Costs: New Evidence from U.S. Manufacturing Industries
(with Petrella, I.)
. Journal of Economic Dynamics and Control, May 2012, 36:779-794.

Input-Output Interactions and Optimal Monetary Policy
(with Petrella, I.)
. Journal of Economic Dynamics and Control
, November 2011, 35:1817-1830. (Lead Article).

Determinacy, Stock Market Dynamics and Monetary Policy Inertia
(with Pfajfar, D.).
Economics Letters, July 2011, 112:7-10.

Heterogeneity, Learning and Information Stickiness in Inflation Expectations
(with Pfajfar, D.). Journal of Economic Behavior & Organization, September 2010, 75:426-444.

Borrowing Constraints and Complex Dynamics in an OLG Framework
(with Agliari, A., Assenza, T., Delli Gatti, D.).
Journal of Economic Behavior & Organization, November 2009, 72:656-669.

Business Failures, Macroeconomic Risk and the Effect of Recessions on Long-Run Growth: a Panel Cointegration Approach
(with Gaffeo, E.). Journal of Economics and Business, November 2009, 61:435-452.


Other Publications

Is the Grass Always Greener on the Other Side? Assessing the Determinants of Individual Well-Being
(with Aslam, A. and Corrado, L.). In JSM Proceedings, Section on Survey Research Methods. Alexandria, VA: American Statistical Association, 2008.


Older Working Papers

Bank Lending, Durable Goods and Spreads"
(with Aslam, A.). This paper has previously circulated as "Bank Lending, Housing and Spreads", University of Copenhagen, Department of Economics Discussion Papers No. 08-27.