Dr Corrado Macchiarelli
Visiting Fellow in European Political Economy
European Institute
Email: c.macchiarelli@lse.ac.uk
Biography
Prior to joining Brunel, I was a (Postdoctoral) Research Fellow at the LSE, where I worked under the supervision of Paul De Grauwe on the role of banking and rule switching behaviour in explaining business cycle fluctuations in macro models.
Beyond my academic endeavours, I worked as an economist at the Euro Area Macro Division of the European Central Bank (ECB), and I was a consultant to the same Division, over the period 2011-2014. As an economist, I worked mainly as a part of the ECB's Working Group of Forecast on Potential Output. Overall, however, my career at the ECB also focused on hazard duration and transition probability models applied to microeconomic European and survey data, and, more recently, I participated to a study exploring alternative concentration indexes with the aim of looking at the distributional and financial implications of the crisis on households' wealth in the eurozone.
I obtained a Ph.D. in Economics from the University of Torino, Collegio Carlo Alberto, in 2011. During my studies, I further participated as research economist in different projects in several occasions: I interned at the ECB's European Countries Division and at the International Monetary Fund (IMF), respectively in 2010 and 2009.
Research Interests
My research interests lie mainly in the fields of international macro and finance, open economy macroeconomics, business cycles, expectation tests and formation in macro models, surveys and econometric modelling overall. Of complementary interest to my research are also European political economic issues and governance.
Selected Publications
“Differently unequal: zooming-in on the distributional consequences of the crisis in euro area countries”, with M. D’ Errico and R. Serafini, Economic Modelling, Special Issue: Current Challenges on Macroeconomic Analysis and International Finance Modelling, forthcoming.
“Transitions in labor market status in the EU|”, with M. Ward-Warmedinger, IZA Journal of European Labor Studies, 17(3), 1-25, 2014.
“Bond Market Co-Movements, Expected Inflation and the GBP-USD Equilibrium Real Exchange Rate|”, The Quarterly Review of Economics and Finance, 54(2),242–256, 2014
“Animal spirits and credit cycles|”, with P. De Grauwe, CESIfo Working Paper no. 4480, 2013 (revise and resubmit, Journal of Economic Dynamics and Control)
“On the Join Test of the Uncovered Interest Parity and the Ex-Ante Purchasing Power Parity|”, Review of International Economics, 21(3), 519-535, 2013
“Similar GDP-Inflation Cycles. An Application to CEE Countries and the Euro Area|”, Research in International Business and Finance, Special Issue: Firm Level Aspects of International Integration, 27(1), 124-144, 2013
“Employment duration and shifts into retirement in the EU|”, with T. Aranki, ECB Working Paper no. 1517, 2013 (submitted)
“Estimating Poland’s Potential Output: A Production Function Approach|”, with N. Epstein, IMF Working Paper No. 10/15, 2010
“European economic governance and cohesion policy|”, with I. Begg, J. Bachtler, C. Mendez, F. Wishlade, Report to the European Parliament, Jan 2014.