Nicolò Maffei-Faccioli

I'm a Research Economist at Norges Bank


Main Interests: Applied Macroeconomics, Time Series Econometrics

Publications


"Nonlinear Transmission of Financial Shocks: Some New Evidence" with Mario Forni, Luca Gambetti and Luca Sala

Journal of Money, Credit and Banking, Volume 56, Issue 1, February 2024, pp 5-33


"The Decline of the Labor Share: New Empirical Evidence" with Drago Bergholt and Francesco Furlanetto​ 

American Economic Journal: Macroeconomics, Volume 14, No. 3, July 2022, pp 163-98


"Does Immigration Grow the Pie? Asymmetric Evidence from Germany" with Eugenia Vella 

European Economic Review, Volume 138, September 2021, 103846


Working Papers


"What Drives the Recent Surge in Inflation? The Historical Decomposition Roller Coaster" with Drago Bergholt, Fabio Canova, Francesco Furlanetto​ and Pål Bergset Ulvedal NEW!


"The Effects of Monetary Policy on Macroeconomic Risk" with Mario Forni, Luca Gambetti and Luca Sala NEW!

Previously circulated as "The Impact of Financial Shocks on the Forecast Distribution of Output and Inflation"


"Is There a Negativity Bias in Economic News Coverage?" with Luca Gambetti and Sarah Zoi NEW! 

Previously circulated as "Bad News, Good News: Coverage and Response Asymmetries"



"Identifying the Sources of the Slowdown in Growth: Demand vs. Supply

Revise and Resubmit, Journal of Applied Econometrics


"Foreign Banks and the Doom Loop" with Ugo Albertazzi and Jacopo Cimadomo 


"Monetary Policy Shocks and Inequality: Evidence from the US"  


Short Papers


"Where do they care? The ECB in the media and inflation expectations" with Vegard H. Larsen and Laura Pagenhardt

Applied Economics Letters, 1-6


Work in progress


"Lock, Stock and (Oil) Barrel: Real Exchange Rate Fundamentals and Dynamics in Resource-rich Economies" with Hilde C. Bjørnland, Leif Brubakk and Ørjan Robstad


"The Dynamics of the Labor Share in Europe: Common Trends and Idiosyncratic Cycles" with Drago Bergholt, Francesco Furlanetto​ and Evi Pappa


"Macroeconomic Shocks and Crime" with Luca Gambetti and Giovanni Mastrobuoni


"Are Macro-Finance Linkages Non-Linear?" with Alessandro Melone


Policy work

 

"A High-frequency Financial Conditions Index for Norway" with Frida Bowe, Karsten R. Gerdrup and Helene Olsen 

Media coverage: Finansavisen (in Norwegian)


"Drivers of Labor Productivities and Labor Shares: Evidence from Euro Area Countries" with Claudia Foroni and Matthias Mohr  

In: ECB Occasional Paper Series No 266, “Digitalisation: channels, impacts and implications for monetary policy in the euro area” (Box 1, pp 65-66)