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CAREERS IN RESEARCH AT THE BANK OF ITALY
                                           DIRECTORATE GENERAL FOR ECONOMICS, STATISTICS AND RESEARCH

                                                                                                        CONTENTS

                                                                                                        1. RESEARCH FELLOWSHIPS FOR ECONOMISTS

                                                                                                        2. DG ECONOMICS, STATISTICS AND RESEARCH
                                                                                                         2.1 Research output at DG ESR
                                                                                                         2.2 EIEF and academic networks
                                                                                                         2.3 Seminars and conferences
                                                                                                         2.4 Training, secondments and study visits
                                                                                                         2.5 Data sources, IT and library

                                                                                                        3. EMPLOYMENT CONDITIONS AND CAREER
                                                                                                           OPPORTUNITIES

                                                                                                        4. THE EXPERIENCE OF PAST FELLOWS

                                                                                                         APPENDIX: SELECTED PUBLICATIONS,
                                                                                                         SEMINARS AND CONFERENCES

                                                                                                                                   2021
CONTENTS - Banca d'Italia
1. RESEARCH FELLOWSHIPS FOR ECONOMISTS

As a fellow, you will join the Directorate General for Economics, Statistics and Research (DG
ESR), located in the Bank’s headquarters in the historical centre of Rome. Upon your arrival,
you will be assigned to one of the units in the DG ESR, so as to start getting fully and swiftly
integrated in the environment.
During the fellowship, you are expected to carry out the research project proposed in your
application, enjoying complete autonomy in organizing your research activity, while being
free to take advantage of all the facilities available at the Bank (databases, library, computing
resources), in a stimulating environment. You will also have the opportunity to participate
in high-level academic workshops and to interact with policymakers. You may join other
research projects and contribute to policy analysis in the fields of your expertise, with the
advice of a tutor.
Your fellowship lasts twelve months, renewable for another twelve, with a monthly salary of
€4,000 before taxes and social security contributions (under standard tax treatment, the net
amount would be about €2,500, but it can increase significantly if you are eligible for tax
breaks granted under the provision of the Italian tax code). As a fellow you will enjoy a number
of benefits available to all Bank of Italy employees, including access to the sports centre for
you and your family or partner. The Bank typically funds and encourages your participation in
relevant international seminars, workshops and conferences.
At the end of the twelve-month period (autumn 2022), you will be invited as a fellow to take
part in a selection procedure that is expected to lead to a permanent position in the DG ESR.

                                                           CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
CONTENTS - Banca d'Italia
2. DG ECONOMICS, STATISTICS AND RESEARCH

DG ESR comprises six Directorates: Economic Outlook and Monetary Policy, Financial Stability,
Structural Economic Analysis, International Relations and Economics, Statistical Analysis, and
Statistical Data Collection and Processing. DG ESR staff includes about 200 economists.

        Chart of the Directorate General for Economics, Statistics and Research

                                                       DIRECTORATE GENERAL FOR
                                                   ECONOMICS, STATISTICS AND RESEARCH

                                                   Secretariat                IT Support

                                                                           International                                    Statistical Data
    Economic Outlook and                               Structural
                           Financial Stability                             Relations and            Statistical Analysis    Collection and
       Monetary Policy                             Economic Analysis
                                                                            Economics                                         Processing

                           Financial Stability     Households and         Advanced Economies        Financial Accounts
      Economic Outlook     Analysis and                                   and International         and Statistical        Statistical Register
                           Coordination            Labour Market          Finance                   Methodologies

                                                   Firms and Regional     Emerging Economies                               Bank and Financial
      Monetary Analysis    Eurosystem                                                               External Statistics
                                                   Analysis               and World Trade                                  Institution Reporting

                           Financial Structure                            International Financial   Balance of Payments    Harmonized supervisory
      Financial Analysis                           Public Finance
                           and Intermediaries                             Institutions              Analysis               statistical reports

                                                                          International Technical
      Modelling and        Financial Stability                            Cooperation And EU                               Reporting Agents
                                                   Law and Economics                                Sample Surveys
      Forecasting          Quantitative Analysis                          Neighbouring Economies                           Assistant

                                                   Economic History and                             Research Data Center   Processing and
                                                   Historical Archives                              And Innovation Lab     Database Management

                                                   Library

The activity of the DG ESR traditionally includes both policy analysis and economic research.
The former consists mostly in:
–      drafting internal analytical notes on current policy, economic and academic issues;
–      participating in working groups at the national and international level; these include the
       ECB/ESCB, the OECD, the IMF, the Bank for International Settlements (BIS), the European
       Commission (EC) and all other major central banks;
–      contributing to the Bank’s official publications. The main Bank’s publications are the
       Economic Bulletin, the Financial Stability Report and the Annual Report.
All policy activities draw substantially from economic research, as they often distill messages
and findings of papers produced by the Bank’s economists.
The synergies between policy and research are material: policy is grounded on sound and
high quality analyses, while research ideas can benefit from pressing policy questions and
research output can contribute not only to the academic debate but also to policy discussion
and decision-making.

                                                                                         CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
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The main ongoing research projects are in the following areas:
(i)         transmission mechanism of conventional and unconventional monetary policy;
(ii)        interaction between monetary, fiscal and macroprudential policies;
(iii)       impact of regulation and macroeconomic policies on financial intermediaries;
(iv)        evolution of risks for financial stability, also related to Covid-19 crisis, and modelling of
            macro-prudential policy tools;
(v)         rising protectionism, de-globalisation and structure of global value chains;
(vi)        impact of Covid-19 relief measures on firms’ and households financial and economic
            conditions and on balance sheets of banks and other intermediaries;
(vii)       Italian and global economy growth prospects: ageing, migration and technology;
(viii)      productivity determinants: firm dynamics and resource allocation, also during the
            Covid-19 crisis, financial constraints, structural and fiscal policies;
(ix)        labor market issues: demand, participation, (mis)match, wage dynamics;
(x)         changes in distribution of income and wealth, and their determinants.
Moreover, the Bank is actively pursuing modern and top-notch Big Data analysis, Artificial
Intelligence and Machine Learning techniques, implemented for both methodological and
economic analysis.

2.1 Research output at DG ESR
Bank of Italy’s economic research is disseminated through the Bank’s working and occasional
papers series, which typically lead to publications in international journals. Bank of Italy’s
working paper series is subject to a peer review process managed by an editorial committee.
The occasional papers deal with issues of primary importance to the institutional tasks of the
Bank of Italy and the Eurosystem.
In terms of overall publication record, the Bank of Italy does very well. According to IDEAS/
RePEc as of August 2020, it ranks high among central banks worldwide, and first within
the national central banks in the Eurosystem; it ranks second among all economic research
departments in Italy, following Bocconi U.
A selection of recent international publications by Bank of Italy economists is provided in the
Appendix; a complete list is available at:
http://www.bancaditalia.it/compiti/ricerca-economica/web_ricerca.zip.

                                                                  Published papers

  140                                                                                                                         140

  120                                                                                                                         120

  100                                                                                                                         100

    80                                                                                                                        80

    60                                                                                                                        60

    40                                                                                                                        40

    20                                                                                                                        20

        0                                                                                                                     0
            2010         2011         2012         2013           2014   2015     2016    2017     2018         2019   2020
                                                                                                                        (1)
                                          Occasional Papers              Working Papers      Journal articles

   (1) To date. Data for 2020 include forthcoming publications.

                                                                                          CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
CONTENTS - Banca d'Italia
Papers published on peer-reviewed journals, classification by topic
                             (as a percentage of the total, average 2016-20)

                                                                      Average 2016-2020

                           Financial markets, banks                                                           18,5

        Monetary policy, inflation and business cycle                        8,0

               Consumption, saving, income, wealth                                                14,1

                    Labor market, wages, innovation                                        11,8

      International economics, trade, exchange rates                               9,4

                                        Fiscal policy                                    11,3

                                   Education, health                     7,7

                                Industrial economics            5,1

               Econometrics, mathematical methods                      7,0

          Regional studies, energy, housing markets                    7,1

                                                        0   4            8               12              16      20

2.2 EIEF and academic networks
The relation with EIEF, a Rome-based research institute founded by the Bank for fostering
world-class research, is tight. EIEF is located at a 20-minute walk from the Bank’s headquarters.
The interaction with EIEF consists in:
–   joint seminars and conferences;
–   visiting scholarships. This kind of leave, lasting four months, is meant to allow Bank of
    Italy’s researchers to focus on and finalize ongoing research projects of high academic
    potential. Each year, about a dozen of our economists spend a period at EIEF as visiting
    scholars.
The Bank of Italy is an institutional member of a large number of academic networks and
associations, including the NBER, the Euro Area Business Cycle Network, the European
Economic Association, the European Association of Labour Economists, the European
Corporate Governance Institute, the SUERF-European Money and Finance Forum, the
International Association for Research in Income and Wealth, the International Statistical
Institute, the LIS Cross-National Data Center. Economists from the Bank regularly participate
in the activities of these and other networks.

2.3 Seminars and conferences
The DG ESR organizes invited speakers seminars, typically from two to three times a week,
with presenters mostly coming from worldwide leading universities, international organizations
and other central banks. Seminars range on a large set of topics; as an example, the
Appendix contains the calendar for June 2019. Since May 2020, seminars have switched to
an online format; the calendar for the month of July 2020 is provided as another example in
the Appendix.

                                                                       CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
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In addition to seminars by external speakers, lunch seminars are also held by Bank of Italy
researchers, to gain feedback on projects at a preliminary stage.
Conferences and workshops are regularly organized by the Bank, also in cooperation with
other institutions, such as CEPR and Bocconi University, and other central banks. A selection
of forthcoming and recent conferences and workshops is shown in the Appendix.

2.4 Training, secondments and study visits
Training programs are at the heart of the life-long learning process; in particular, employees
at the DG ESR regularly participate in training courses at universities, research centers and
other central banks. These include summer courses organized, for example, by UPF-CREI,
CEMFI, Bank of England Centre for Central Banking Studies – CCBS, Euro Area Business
Cycle Network.
The Bank also organizes two- or three-day training courses on recent developments of
academic research and methodologies, hosting leading international scholars. For example,
over the last three years, courses were held by professor Benjamin Moll (LSE) on heterogeneous
agents macro models, by professor Aysegul Sahin (U Austin Texas) on flow models of the
labour markets, and by professor Matteo Maggiori (Stanford U) on the International Monetary
System.
Research-exchange programs and secondments with the ECB and other European national
central banks are common. There is a specific program within the ESCB, denominated
External Working Experience (EWE), that facilitates these exchanges. Over the last 3 years,
11 economists from the DG have participated in this program.
Exchanges with other international organizations, such as the OECD, the EC, the IMF, the BIS
and the World Bank, are also frequent.
After a few years of service, economists can also spend a period of a few months up to an
academic year as visitors in worldwide top-ranked academic institutions, fully funded by the
Bank. During this period, economists are exempt from policy work and can concentrate on
research and coursework.

                                                         CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
CONTENTS - Banca d'Italia
2.5 Data sources, IT and library
A large number of micro-level databases are available, including several surveys conducted
under the supervision of the Bank (e.g., the Survey on Households’ Income and Wealth,
which has collected data on Italian households since 1964; Invind, a survey of medium and
large firms; surveys on inflation expectations, credit conditions, etc.), as well as proprietary
and confidential databases on financial intermediaries, including the Italian Credit Register,
the Bank Supervisory Reports, and the Central Business Register.
All information on microdata are displayed on the Research Data Center (RDC) portal, where
datasets are classified by reporting agent/subject (banks, households, firms, expectation on
inflation, financial literacy, housing market, job market, local public finance and many more).
IT facilities include the possibility to exploit high-level, powerful clustering, for heavy
computational needs. High-quality assistance on algorithmic aspects, as well as any other
IT issue, is available from the IT Support Unit.
The Bank of Italy’s Library specializes in banking, finance and economics in general. It
was established in 1894. It is divided into an economics section, named after Paolo Baffi,
Governor from 1975 to 1979, containing specialist volumes on banking, finance and general
economics, and a law section.

A detailed newsletter on all research-related activities, including on new working and occasional
papers, academic publications and conferences is regularly published (http:// www.bancaditalia.it/
pubblicazioni/newsletter-ricerca/index.html).

                                                           CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
CONTENTS - Banca d'Italia
3. EMPLOYMENT CONDITIONS AND CAREER OPPORTUNITIES

From a fellowship to a permanent position as economist
At the end of the twelve-month period (autumn 2022), as a fellow you will be invited to take
part in a selection procedure for a permanent position in the DG ESR. A committee of experts
will primarily assess the content and results of your research project, the relevant literature
and the methods applied and applicable. To be hired, you will have to meet the standard
requirements for recruitment by the Bank of Italy: be citizen of a EU country or equivalent (e.g.
non-EU country citizens holding an Italian residence permit and who are family members of
EU citizen) and have an adequate knowledge of the Italian language. To date, all the fellows
invited to take part in this selection have been hired on a permanent position.

Salary and career path
Economists at the Bank of Italy are divided into three categories: Expert, Advisor and Director.
Ph.D economists entering the Bank after the fellowship are hired as Advisor, with a starting
salary level of about €78,000 per year (pre tax and social security contributions to be paid by
the employee) plus additional variable components, as well as life and health insurance and
contributions to the Bank’s pension fund. Under standard tax treatment, the take home salary
is about €46,000 per year; as for the fellowship, generous tax incentives might also apply in
this case. Based on a year-by-year performance appraisal process, economists can attain, in
a span from 1 to maximum 3 years, the next level of the salary band, which will give a salary
increase of about 5,650 pre-tax.
On the basis of internal selection processes, Advisors can be put in charge of a Division or
of a Section within a Division.
Once at the 7th level of the salary band, they may have access to higher levels of the career
path (Director).

Work-life balance and benefits
The Bank of Italy pays special attention to its employees’ motivation and wellbeing.
Over the last few years the Bank of Italy has increasingly developed policies for diversity
management and has adopted a wide range of measures to help workers achieve an optimal
work-life balance, such as flexible working hours, time bank, teleworking, part-time work.
Bank of Italy’s employees are also eligible for a wide set of benefits, including:

1. two nurseries and one pre-school open to employees’ children only, available at subsidized
   rates;
2. financial services of the Bank of Italy’s employees saving bank (mortgages, savings’
   accounts, financial investments);
3. access to the Bank’s sports centre (two swimming pools, tennis and basketball courts,
   running track);
4. recreational activities.

                                                           CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
CONTENTS - Banca d'Italia
4. THE EXPERIENCE OF PAST FELLOWS

              MARGHERITA
              Policy questions provide a tremendous contribution to shaping my research
              agenda, and the exceptional availability of micro-level data at the Bank allows
              me to pursue the answers with advanced empirical tools. Living in Rome is a
              fantastic way to experience some of the best of Italy: art, culture and nature are
              easily accessible all year round – and with its central location, the Bank makes it
              possible to take a stroll around the Roman forum during lunch breaks.

              STEFANIA
              Working at the Bank of Italy is intellectually very stimulating. After the first year
              of the Fellowship, entirely devoted to research, I joined the Economic Outlook
              and Monetary Policy Directorate. I really appreciate the nice work atmosphere
              and the great experience and knowledge gathered thanks to the interactions
              with my colleagues. Research questions continuously arise while dealing with
              policy issues. Moreover, seminars, conferences, and training courses give me the
              possibility to discuss with researchers from the rest of the world.

              ANATOLI
              My research interests belong to the field of the economics of banking and the
              regulation of the financial sector. Upon the completion of my PhD, I wanted to
              work in a policy institution so that my research could both benefit from the policy
              debate and influence it. Five years on, working at the Bank of Italy has fully been
              up to my expectations.

              RAFFAELE
              The fellowship at the Bank of Italy was a fantastic experience. My research
              projects benefited from the useful comments of numerous colleagues with
              different skills and experiences. Working at the Bank allows contributing to the
              international policy debate and developing policy-relevant research ideas. Living
              in Rome is associated with remarkable benefits given the immensely rich cultural
              and historical heritage of the Eternal City.

                                                    CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
AUDINGA
As a researcher at the Bank of Italy, I have been able to develop both my research
skills, and grow professionally. The working environment provides multiple
opportunities to interact with colleagues from different fields and to be constantly
exposed to a policy debate. Attending and organizing research events at the Bank
allows to maintain a close link with the academic environment. Last, but not the
least, Rome is an extremely beautiful city to live in!

GABRIELE
For those who come from the academia, working at the bank is both a challenging
and a highly rewarding experience. I have been surrounded by a team of young,
talented, and well-prepared colleagues with diverse backgrounds, with whom I
have conducted policy-relevant as well as academic-oriented research. The Bank
of Italy strives for excellence as an institution, and we are constantly encouraged
to advance individually as researchers. In addition, working and living in Rome is
priceless.

ANDREA
The fellowship offered by the Bank of Italy was a great opportunity to focus full-
time on my research while being exposed to the policy debate. I could finalize
the many projects open from the Ph.D and begin new ones with the excellent
researchers that work at the Bank. I also attended many interesting seminars
offered both directly by the Bank and by the EIEF. Three years later, I can say that
working at the Bank has definitely met my expectations and the zenith has been
getting acquainted with the many enlightened people who are part of it.

VALERIO
I started my experience at the Bank after six years spent at the Economic
Department of Bank of Portugal. Here, I had the possibility to pursue my research
agenda which, by the way, gained quality because of the interactions with smart
colleagues and top-level visitors. I devoted part of my time to carry on policy
tasks, which often provided me with new ideas for further research projects.
Importantly, high-level skills always meet kindness here at the Bank.

FADI
I have joined the Bank of Italy after working four years as an assistant professor
of economics at Trinity College Dublin. The research time is as extensive as in
academia and the policy work substitutes teaching and admin duties which feeds
greatly into your research. The Bank offers a stimulating environment, it is well
placed in the international circuit of seminars and workshops, and it provides
access to exceptional data that enable you to develop cutting edge research.
Moreover, the package of work-life balance that Rome and the Bank offer is
quite remarkable. Bottom line: if you want to develop high-quality research while
enjoying the beauties of life, come over!

                                     CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
APPENDIX 1: SELECTED PUBLICATIONS BY BANK OF ITALY ECONOMISTS

   Authors’ names in boldface: Bank of Italy
Alessandri P. and H. Mumtaz (2019), “Financial Regimes and Uncertainty Shocks”, Journal of Monetary
Economics, 101, 31-46.
Baltrunaite A. (2020),“Political Contributions and Public Procurement: Evidence from Lithuania”, Journal of
the European Economic Association, 18, 541-582.
Barone G. and S. Mocetti (forthcoming), “Intergenerational mobility in the very long run: Florence 1427-
2011”, Review of Economic Studies.
Basso, G.; G. Peri (2020), “Internal Mobility: The Greater Responsiveness of Foreign-Born to Economic
Conditions” Journal of Economic Perspectives vol. 34, no. 3.
Batini, N., G. Melina and S. Villa (2019), “Fiscal Buffers, Private Debt, and Recession: The Good, the Bad and
the Ugly”, Journal of Macroeconomics, 62.
Bernardini, M., S. De Schryder and G. Peersman (2020), “Heterogeneous Government Spending Multipliers
in the Era Surrounding the Great Recession”, Review of Economics and Statistics.
Bofondi M., L. Carpinelli and E. Sette (2018), “Credit Supply during a Sovereign Debt Crisis”, Journal of the
European Economic Association, 16, 696-729.
Bruche M. and A. Segura (2017), “Debt Maturity and the Liquidity of Secondary Debt Markets”, Journal of
Financial Economics, 124, 599-613.
Buono I. and S. Formai (2018), “The Heterogeneous Response of Domestic Sales and Exports to Bank
Credit Shocks”, Journal of International Economics, 113, 55-73.
Cappelletti G., G. Guazzarotti and P. Tommasino (2017), “The Stock Market Effects of a Securities
Transaction Tax: Quasi-Experimental Evidence from Italy”, Journal of Financial Stability, 31, 81-92.
Carpinelli L. and M. Crosignani (forthcoming), “The Design and Transmission of Central Bank Liquidity
Provisions”, Journal of Financial Economics.
Coibion, O., Y. Gorodnichenko and T. Ropele (2020), “Inflation Expectations and Firms’ Decisions: New
Causal Evidence”, Quarterly Journal of Economics, v. 135, 1, 165-219.
Cova P., P. Pagano and M. Pisani (2019), “Domestic and International Effects of the Eurosystem Expanded
Asset Purchase Programme: a Structural Model-Based Analysis ”, IMF Economic Review, 67, 315-348.
Corsello F. and V. Nispi Landi (2019), “Labor Market and Financial Shocks: a Time-Varying Analysis”,
Journal of Money, Credit and Banking, 52, 777-801.
D’Alessandro, A.; G. Fella; L. Melosi (2019), “Fiscal Stimulus with Learning-By-Doing”, International Economic
Review, v. 60, 3, 1413-1432.
Antunes A. and V. Ercolani (2020), “Public Debt Expansions and the Dynamics of the Household Borrowing
Constraint”, Review of Economic Dynamics, 37, 1-32.
Gazzani A.G. (2020), “News and Noise Bubbles in the Housing Market”, Review of Economic Dynamics, 36,
46-72.
Hassan, F. (2016), “The Price of Development: the Penn-Balassa-Samuelson effect revisited”, Journal of
International Economics, 102, 291-309.
Iacoviello M. and S. Neri (2010), “Housing Market Spillovers: Evidence from an Estimated DSGE Model”,
American Economic Journal: Macroeconomics, 2, 125-164.
Li J. and G. Zinna (2018), “The Variance Risk Premium: Components, Term Structures, and Stock Return
Predictability”, Journal of Business & Economic Statistics, 36, 411-425.
Lozej, M., P. Jacquinot and M. Pisani (2018), “Labour Tax Reforms, Cross-Country Coordination and the
Monetary Policy Stance in the Euro Area: a Structural Model-Based Approach”, International Journal of
Central Banking, 14, 65-140.
Mäkinen, T., A. Mercatanti and A. Silvestrini (2019), “The Role of Financial Factors for European Corporate
Investment”, Journal of International Money and Finance, 96, 246-258.
Mele, K. Molnár and S. Santoro (forthcoming), “On the perils of stabilizing prices when agents are learning”,
Journal of Monetary Economics.
Riggi, M. (2019), “Capital destruction, jobless recoveries, and the discipline device role of unemployment”,
Macroeconomic Dynamics, 23, 590-624.
Rizzica L. (2020), “Raising Aspirations and Higher Education. Evidence from the UK’s Widening Participation
Policy”, Journal of Labor Economics, 38, 183-214.
Schiantarelli, F., M. Stacchini, P. Strahan (forthcoming), “Bank Quality, Judicial Efficiency and Loan Repayment
Delays in Italy”, Journal of Finance.
                                                                    CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
APPENDIX 2: INVITED SPEAKERS SEMINARS IN JUNE 2019

Simon Jäger (MIT) “Marginal jobs and job surplus: a test of the efficiency of separations”
Andres Liberman (New York University) “The Equilibrium Effects of Information Deletion:
Evidence from Consumer Credit Markets”
Amir Sufi (University of Chicago, Booth School of Business) “Credit Supply and Housing
Speculation”
Stefano Eusepi (UT Austin) “Labor Market Analysis for Central Bankers”
Francesco Drago (University of Catania) “The Political cost of being soft on crime: evidence
from a natural experiment”
Sascha Becker (University of Warwick) “Human Capital and the Persecution of Jews in Nazi
Germany”
Matthieu Chemin (McGill University) “Does Access to the Legal System Increase Investment?
Evidence from a Field Experiment in Kenya”
Alonso de Gortari (Princeton University) “Disentangling Global Value Chains”
Luca Facchinello (Singapore Management University) “The Effects of Children TV: Evidence
from the Italian Transition to Digital TV”
Juan Antolin-Diaz (London Business School) “Structural Scenario Analysis with SVARs”
Nicolas Véron (Bruegel) “Completing the Banking Union”
Gabriel Smagghue (University Carlos III of Madrid) “Foreign competition along the quality
ladder”
Jean Pisani-Ferry (Sciences Po) e Georgios Papakonstantinou (EUI) “The transformation of
global governance: a research project”
Caterina Mendicino (ECB) “Bank Risk Taking and Twin Defaults”
Òscar Jordà (Federal Reserve Bank of San Francisco) “Local Projections: New Developments”

                                                         CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
APPENDIX 3: INVITED SPEAKERS WEBINARS IN JULY 2020

Pol Antràs (Harvard University) “Global Value Chains: The Economics of Spiders and Snakes”
Annalisa Ferrando (ECB) “Firms’ expectations on access to finance at the early stages of the
COVID-19 pandemic”
Veronica Guerrieri (University of Chicago Booth School of Business) “Macroeconomic
implications of COVID-19: Can negative supply shocks cause demand shortages?”
Nicola Limodio (Università Bocconi) “High-Speed Internet, Financial Technology and Banking”
Irene Monasterolo (Vienna University of Economics and Business) “A climate risk assessment
of bonds’ portfolios”
Agnès Bénassy Quéré (Chief economist of the French Treasury / Paris School of Economics)
“One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European
Countries”
Farzad Saidi (Boston University) “Sticky Deposit Rates and Allocative Effects of Monetary
Policy”
Alp Simsek (MIT) “A model of asset price spirals and aggregate demand amplification of a
“COVID-19” shock”

                                                        CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
APPENDIX 4: SELECTED CONFERENCES ORGANIZED BY THE BANK OF ITALY

3rd Bank of Italy-CEPR Labour workshop (Rome, 10-11 September 2020). The workshop
aims at providing leading and emerging researchers in the field of labour economics an
opportunity to present their research, relevant for the understanding of labour market
dynamics and of their interaction with institutions.
Bank of Italy-CEPR “Closing the Gaps: The Future of Stabilisation Policies in a Low
Interest Rate Environment” (Rome, 1-2 October 2020). Its aim is to foster the debate on the
causes of the prolonged period of low inflation and low interest rates in the main advanced
countries.
2nd Biennial Banca d’Italia and Bocconi University Conference “Financial Stability and
Regulation” (Rome, 22-23 October 2020). The aim of the conference is to bring together
leading world scholars and policy-makers in order to discuss topics related to financial
stability, financial sector regulation and the use of macroprudential policies.
2020 Banca d’Italia and Federal Reserve Board Joint “Virtual” Conference “Nontraditional
Data & Statistical Learning with Applications to Macroeconomics” (Rome, 11-12
November 2020). The workshop aims at providing all researchers from universities, central
banks, national statistical institutes, and public and private agencies an opportunity to
present their research related to the use of Big and Nontraditional data, combined with new
machine learning methods for the analysis of macroeconomic phenomena and policy related
questions.
International research conference “Firms in times of the pandemic” (Paris, 4 December
2020). Banque de France, Banca d’Italia and Sciences Po, in cooperation with the CEPR, are
organizing their third joint research conference on trends in firm organization, firm financing
and firm dynamics, to be held in Paris on the 4th of December 2020.
5th CEPR Annual Meeting of the International Macroeconomics and Finance Programme
(IMF) (Rome, 10-11 December 2020). The workshop aims at bringing together leading
researchers contributing to the field of international macroeconomics and finance.
Bank of Italy/CEPR/EIEF Conference “Ownership, Governance, Management & Firm
Performance” (Rome, 21-22 December 2020). The conference brings together leading
economists to discuss the role of managers and owners in shaping firms’ performance, with a
particular emphasis on micro-macro linkages (from firms’ behaviour to aggregate productivity
growth) and policy implications.

                                                         CAREERS IN RESEARCH AT THE BANK OF ITALY | 2021
USEFUL LINKS

                                   Fellowships
                      Workshop and Conference series
                       Other Conference Proceedings
                        Other Seminars Proceedings

           Directorate General for Economics, Statistics and Research
                       Via Nazionale, 91 - 00184 Roma - Italia
                                 Tel. +39 0647921

www.bancaditalia.it                 Youtube.com/bancaditalia               @UfficioStampaBI

   Twitter@Bancaditalia          https://www.linkedin.com/company/banca-d’italia/

                                    CONTACTS

             Directorate General for Economics, Statistics and Research:
             Job Market Committee:        stefano.neri@bancaditalia.it
             				personale.fellowship@bancaditalia.it
             Human Resources:		           francesca.felice@bancaditalia.it
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