Tommaso Monacelli

IGIER Bocconi University
Via Roentgen 1
20136 Milano

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Bocconi University

NBER Working Papers and Publications

August 2016Understanding the Gains from Wage Flexibility: The Exchange Rate Connection
with Jordi Galí: w22489

Published: American Economic Review, Vol. 106, No. 12, December 2016 (pp. 3829-68)

November 2014Is Government Spending at the Zero Lower Bound Desirable?
with Florin O. Bilbiie, Roberto Perotti: w20687

Published: Florin O. Bilbiie & Tommaso Monacelli & Roberto Perotti, 2019. "Is Government Spending at the Zero Lower Bound Desirable?," American Economic Journal: Macroeconomics, vol 11(3), pages 147-173. citation courtesy of

September 2011Financial Markets and Unemployment
with Vincenzo Quadrini, Antonella Trigari: w17389
September 2010Comment on "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks"
in NBER International Seminar on Macroeconomics 2010, Richard Clarida and Francesco Giavazzi, organizers
April 2010Unemployment Fiscal Multipliers
with Roberto Perotti, Antonella Trigari: w15931

Published: Monacelli, Tommaso & Perotti, Roberto & Trigari, Antonella, 2010. "Unemployment fiscal multipliers," Journal of Monetary Economics, Elsevier, vol. 57(5), pages 531-553, July. citation courtesy of

February 2010Comment on "Business Cycles in the Euro Area"
in Europe and the Euro, Alberto Alesina and Francesco Giavazzi, editors
December 2008Fiscal Policy, Wealth Effects, and Markups
with Roberto Perotti: w14584
September 2008Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
in Asset Prices and Monetary Policy, John Y. Campbell, editor
June 2007Comment on "Globalization and Inflation Dynamics: A Structural Perspective"
in International Dimensions of Monetary Policy , Jordi Galí and Mark J. Gertler, editors
August 2006Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints

Published: Campbell, John (ed.) Asset Prices and Monetary Policy. Chicago: University of Chicago Press, 2008.

December 2005Optimal Monetary and Fiscal Policy in a Currency Union
with Jordi Gali: w11815

Published: Gali, Jordi and T. Monacelli. “Optimal Monetary and Fiscal Policy in a Currency Union.” Journal of International Economics 76, 1. 116-132. September 2008 citation courtesy of

April 2002Monetary Policy and Exchange Rate Volatility in a Small Open Economy
with Jordi Gali: w8905

Published: Gali, Jordi and Tommaso Monacelli. "Monetary Policy And Exchange Rate Volatility In A Small Open Economy," Review of Economic Studies, 2005, v72(252,Jul), 707-734. citation courtesy of

National Bureau of Economic Research
1050 Massachusetts Ave.
Cambridge, MA 02138

Twitter RSS

View Full Site: One timeAlways