Filippo Ferroni

Research Papers

Working Papers and works in progress:

A tail of labor supply and a tale of monetary policy (2021), with C. Cantore, H. Muntaz and A. Theopilopoulou. FAVAR IRFs

Studying unusual shocks in our usual models (2021), with J. D. Fisher and L. Melosi.

A hitchhiker guide to empirical macro models (2020) with F. Canova. Go to Toolbox



Mind the Gap! Stylized dynamic facts and structural models (2021), Accepted at American Economic Journal: Macroeconomics; with F. Canova.

The Missing Link: Monetary Policy and the Labor share (2021), Accepted at Journal of European Economic Association; with C. Cantore and M. Leon-Ledesma.

Delphic and Odyssean monetary policy shocks: Evidence from the euro-area (2021), Journal of Monetary Economics, vol. 117(C), pages 816-832; with P. Andrade. MP surprises

The limits of forward guidance (2019), Journal of Monetary Economics, vol. 108(C), pages 118-134; with J. Campbell, JD Fisher, L. Melosi.  

Detecting and Analyzing the Effects of Time-Varying Parameters in DSGE Models (2019), International Economic Review, vol. 61(1), pages 105-125, February; with F. Canova and C. Matthes. 

Comparing post-crisis dynamics across Euro Area countries with the Global-Multi country model (2019), Economic Modelling, vol. 81(C), pages 242-273; with A. Albonico, L. Cales, R. Cardani, O. Croitorov, M. Giovannini, S. Hohberger, B. Pataracchia, F. Pericoli, M. Ratto, R. Raciborski, W. Roeger, L. Vogel. Link to the replication codes

Selecting Structural Innovations in DSGE models (2019), Journal of Applied Econometrics, vol. 34(2), pages 205-220, March; with S. Grassi and M. Leon-Ledesma. Link to  Online Appendix.

The Dynamics of Hours Worked and Technology (2017), Journal of Economic Dynamics and Control, vol. 82(C), pages 67-82; with C. Cantore, M. Leon-Ledesma.

The Euro Area business cycles in turbulent times: convergence or decoupling? (2015), Applied Economics, Vol. 47; with B. Klaus.

Choosing the variables to estimate singular DSGE models (2014), Journal of Applied Econometrics, Vol. 29(7); with F. Canova and C. Matthes. 

The dynamics of US inflation: can monetary policy explain the changes ? (2012), Journal of Econometrics, Vol. 167, with F. Canova.

Trend agnostic one-step estimation of DSGE models (2011), The B.E. Journal of Macroeconomics, Vol 11, Issue 1 (Advances), Article 25. 

Multiple filtering devices for the estimation of cyclical DSGE models (2011), Quantitative Economics, Volume 2, Issue 1; with F. Canova. (Appendix)

Comments on MEDEA: A DSGE model for the Spanish Economy (2010), Journal of the Spanish Economic Association, Volume 1, Numbers 1-2.


Other publications:

The Macroeconomic Effects of the 2018 Bipartisan Budget Act, (2019), Economic Perspectives, Federal Reserve Bank of Chicago, issue 2, pages 2-12. (with J. Campbell, J. Fisher and L. Melosi)

The missing link: Monetary policy and the labour share,  VoXEU, CEPR Policy Portal, March 27 2019. (with C. Cantore and M Leon-Ledesma)


Old Working Papers:

Domestic and Global Inflation (2015), with B. Mojon

Did the tax polity mitigate the US business cycles ? (2010) WP BdF n. 296.