---

Fabio-Cesare Bagliano Dipartimento di Scienze Economiche e Finanziarie "G. Prato" Università di Torino   -   Facoltà di Economia Corso Unione Sovietica 218bis 10134 TORINO (Italy) Ph.: (+39) 0116706084  -  Fax: (+39) 0116706062 fabio.bagliano@unito.it

---

Full CV 

Research:

Recent publications: 

• "The Great Recession: US dynamics and spillovers to the world economy", Journal of Banking and Finance, 2012, 36, 1, 1-13 (with C. Morana, Università di Milano Bicocca)
  
• working paper version - 

• "Macro-finance interactions in the US: a global perspective", (with C. Morana, Università di Milano Bicocca), forthcoming as chapter 9 in Balling M. and Llewellyn D.T. (eds.), New Paradigms in Money and Finance, SUERF Studies 2011/5, Vienna 2011
• working paper version - 

• "The effects of US economic and financial crises on Euro area convergence", (with C. Morana, Università di Milano Bicocca) in W. Meeusen (editor), The Economic Crisis and Euro Area Integration, Edward Elgar, UK, 2011  - 

• Economia Monetaria, Il Mulino, Bologna, 2010 (with G. Marotta, Università di Modena e Reggio Emilia) - more info
  

• "Pension funds, life-cycle asset allocation, and performance evaluation" (with C. Fugazza and G. Nicodano, Università di Torino and CeRP), in R. Hinz, H. Rudolph, P. Antolin and J Yermo (editors) Evaluating the financial performance of pension funds, The World Bank, 2010, pp. 159-202
• working paper version -

• "Permanent and Transitory Dynamics in House Prices and Consumption: Some Implications for the Real Effects of the Financial Crisis",  Applied Financial Economics, 2010, vol. 20, 1 & 2, pp. 151-170 (with C. Morana, Università di Milano Bicocca) -

• "Business Cycle Comovement in the G-7: Common Shocks or Common Transmission Mechanisms?",  Applied Economics, 2010, 42, 8, p. 2327-2345 (with C. Morana, Università di Milano Bicocca) - 
  

• "International macroeconomic dynamics: a factor vector autoregressive approach", Economic Modelling, 2009, 26, 2, p. 432-444 (with C. Morana, Università del Piemonte Orientale) 

Recent working papers: 

• "Insider trading, traded volume and returns”, (with G. Nicodano, Università di Torino, Collegio Carlo Alberto and ECGI, and C. A. Favero, IGIER-Università Bocconi and CEPR)
• working paper, Dipartimento di Scienze Economiche e Finanziarie, Università di Torino, n. 26, October 2011 - 
  

Selected publications
            . Books
            . Articles in international journals
            . Articles in Italian journals
            . Contributions to books and conference proceedings

Working papers and work in progress

Teaching:

 2011/2012 and 2010/2011 academic years

        First term (September-December)

    - Monetary Economics II (advanced) (laurea magistrale in Economics and Finance and Insurance)
- Macroeconomics II (laurea Magistrale in Economics)

        Second term (February-May)

    - Econometrics II (laurea Magistrale in Economics) - see materials at www.klips.it
    - Macroeconomics I (Ph.D. in Economics -University of Turin)

Previous academic years (up to 2009/2010)

   - Economia Monetaria (corsi di laurea triennale in Banca, borsa e assicurazione e Economia)
a.a. 2003/2004 (I modulo: 5 crediti; I e II modulo: 8 crediti)
a.a. 2005/2006 (5 crediti)
    - Economia Monetaria II, corso avanzato (a.a. 2009/2010; corso di laurea specialistica in Economia e in Finanza aziendale e mercati finanziari)
- Macroeconomia III (corso di laurea specialistica in Economia a.a. 2008/2009)

---

Selected publications

• Books

             °  Economia Monetaria, Il Mulino, Bologna, 2010 (with Giuseppe Marotta, Università di Modena e Reggio Emilia)

Seconda edizione rivista e ampliata  Scheda del libro

Materiale supplementare per docenti e studenti su Mulino/Aulaweb

              °  Models for Dynamic Macroeconomics,  paperback edition, 2007: Oxford University Press, Oxford, pp. 296
   (with Giuseppe Bertola, Università di Torino)

• description and contents
• publisher's home page of the book
• view a sample chapter

Supplementary material and study-guide
by Yu-Fu Chen (University of Dundee)  and Michael Funke (Hamburg University)

                ° Metodi dinamici e fenomeni macroeconomici, Il Mulino, Bologna, 1999, pp. 308 (with Giuseppe Bertola, Università di Torino)

• Articles in international journals

(Papers on the Social Science Research Network (SSRN) can be accessed at SSRN link)

•   "The Great Recession: US dynamics and spillovers to the world economy", Journal of Banking and Finance, 2012, vol. 36, 1-13 (with C. Morana, Università di Milano Bicocca)
  
• working paper version  

• "Permanent and Transitory Dynamics in House Prices and Consumption: Some Implications for the Real Effects of the Financial Crisis",  Applied Financial Economics, 2010, vol. 20, 1 & 2, pp. 151-170 (with C. Morana, Università del Piemonte Orientale) -

• "Business Cycle Comovement in the G-7: Common Shocks or Common Transmission Mechanisms?",  Applied Economics, 2010, 42, 8, p. 2327-2345 (with C. Morana, Università del Piemonte Orientale) - 
  

• "International macroeconomic dynamics: a factor vector autoregressive approach", Economic Modelling, 2009, 26, 2, p. 432-444 (with C. Morana, Università del Piemonte Orientale) 

• "Factor Vector Autoregressive Estimation: A New Approach", Journal of Economic Interaction and Coordination, 2008, 1, p. 15-23 (with C. Morana, Università del Piemonte Orientale) -

• "Inflation and monetary dynamics in the US: a quantity-theory approach", Applied Economics, 2007, vol. 39, p. 229-244 (with C. Morana, Università del Piemonte Orientale) 

•  "The cyclical behavior of inventories: European cross-country evidence from the early 1990s recession", Applied Economics, vol. 18, 2004, p.2031-2044 (with A. Sembenelli, Università di Torino) -

•  "Measuring US core inflation: a common trends approach", Journal of Macroeconomics, vol. 25, 2003, p.197-212 (with C. Morana, Università del Piemonte Orientale) -

•  "A common trends model of UK core inflation", Empirical Economics, Vol. 28, 2003, n. 1, p. 157-172 (with C. Morana, Università del Piemonte Orientale) - 

•  "Core inflation in the Euro area", Applied Economics Letters, Vol. 9, 2002, p.353-357 (with R. Golinelli, Università di Bologna, and C, Morana, Università del Piemonte Orientale) - working paper version 

• "Bank competition and ECB’s monetary policy", Journal of Banking and Finance, vol. 24, 2000, n.6, p.967-983 (with A. Dalmazzo, Università di Siena, and G. Marini, Università di Roma "Tor Vergata") -
• abstract

• "Liquidity, trading size and the coexistence of dealership and auction markets", Economic Notes, vol. 29, 2000, n.2, p.179-199 (with A. Brandolini, Banca d'Italia, and A. Dalmazzo, Università di Siena) -
• abstract

• "Information from financial markets and VAR measures of monetary policy", European Economic Review, vol. 43, 5, 1999, p.825-837 (with C. A. Favero, IGIER-Università Bocconi and CEPR) - 
• abstract

• "Liquidation risks in the Rotemberg-Saloner implicit collusion model", Economics Letters, vol.62, 1999, p.69-74 (with A. Dalmazzo, Università di Siena) -
• abstract

• "Measuring monetary policy in VAR models: an evaluation"', European Economic Review, vol.42, 6, 1998, p.1069-1112 (with C. A. Favero, IGIER-Università Bocconi and CEPR) -
• abstract

• "Money demand in a multivariate framework: a system analysis of Italian money demand in the `80s and early `90s'', Economic Notes, vol.25, 1996, 3, p.425-464
• abstract

• "Do anticipated tax cuts matter? Further evidence from the United Kingdom'', Research in Economics (formerly Ricerche Economiche), vol.48, 1994, p.87-108
• abstract

• "Money demand instability, expectations and policy regimes. A note on the case of Italy 1964- 1986'', Journal of Banking and Finance, vol.16, 1992, n.2, p.331-349 (with C. A. Favero, IGIER-Università Bocconi and CEPR)
• abstract

• "On the role of monetary factors in business cycle models'', Recherches Economiques de Louvain/Louvain Economic Review, vol.57, 1991, n.1, p.3-19 (with G. Marini, Università di Roma "Tor Vergata")
• abstract

• Contributions to books / conference proceedings 

• "Macro-finance interactions in the US: a global perspective", forthcoming as chapter 9 in Balling M. and Llewellyn D.T. (eds.), New Paradigms in Money and Finance, SUERF Studies 2011/5, Vienna 2011 (with C. Morana, Università di Milano Bicocca)
• working paper version - 

• "The effects of US economic and financial crises on Euro area convergence", in W. Meeusen (editor), The Economic Crisis and European Integration, Edward Elgar, UK, 2011 (with C. Morana, Università di Milano Bicocca) -

•   "Pension funds, life-cycle asset allocation, and performance evaluation" (with C. Fugazza and G. Nicodano, Università di Torino and CeRP), in R. Hinz, H. Rudolph, P. Antolin and J Yermo (editors) Evaluating the financial performance of pension funds, The World Bank, 2010, pp. 159-202
• working paper version -

•  "Inflation modelling in the Euro Area" (with R. Golinelli, Università di Bologna, and C. Morana, Università del Piemonte Orientale) in R. Beetsma, C.A. Favero, A. Missale, V.A. Muscatelli, P. Natale and P. Tirelli (editors), Monetary Policy, Fiscal Policies and Labour Markets. Macroeconomic Policy Making in the EMU, Cambridge University Press, 2004
• 
• abstract
• Data set available for downloading (Excel format)
• "Le ragioni a favore di un sistema misto"', in Elsa Fornero e Onorato Castellino (editors), La riforma del sistema previdenziale italiano. Opzioni e proposte, CeRP-Il Mulino

, Bologna, 2001, Chap. 3, p. 81-101 (with Onorato Castellino)

• "Canale creditizio del meccanismo di trasmissione della politica monetaria e intermediazione bancaria. Un'analisi dell'evidenza empirica'', in G. Vaciago (editor), Moneta e Finanza, Il Mulino,  Bologna, 1998, p.165-223 (with C. A. Favero, IGIER-Università Bocconi and CEPR)
• abstract
  

• "Heterogeneous behavior in exchange rate crises'', in Jeffrey Frenkel, Giampaolo Galli and Alberto Giovannini (editors), The Microstructure of Foreign Exchange Markets, National Bureau of Economic Research, University of Chicago Press, Chicago, 1996, p.229-253 (with Andrea Beltratti, Università Bocconi, and Giuseppe Bertola, Università di Torino)
• abstract
  

• "Cointegration and simultaneous models. An application to the Italian money demand'', in Marida Bertocchi and Luciano Stefanini (editors), Large-scale economic and financial applications: new tools and methodologies, Franco Angeli, Milano, 1991, p. 219-235 (with  C. A. Favero, IGIER-Università Bocconi and CEPR,  and V. Anton Muscatelli, University of Glasgow)

• "Cointegrazione, simultaneità ed errata specificazione. Un'applicazione alla domanda di moneta in Italia'', in Ricerche Applicate e Modelli per la Politica Economica, Banca d'Italia, Roma, 1991 (with  C. A. Favero, IGIER-Università Bocconi and CEPR, and V. Anton Muscatelli)

• Articles in Italian journals 

•   "Measuring core inflation in Italy", Giornale degli Economisti e Annali di Economia, vol. 58, 1999, n.3-4, p. 301-328 (with Claudio Morana, Università del Piemonte Orientale)
• abstract

• "Stock returns, the interest rate and inflation in Italy: a long-run perspective'', Giornale degli Economisti e Annali di Economia, vol.56, n.3-4, 1997, p.139-167 (with Andrea Beltratti, Università Bocconi) 
  
• abstract

• "La politica monetaria nel dibattito fra spiegazioni "reali" e "monetarie" del ciclo economico: teoria ed evidenza empirica'', Annali della Fondazione 'L. Einaudi' 1993, Fondazione 'L. Einaudi', Torino, vol. XXVII, 1993, p. 61-102
• abstract

• "Regole di condotta della politica monetaria ed instabilità della domanda di moneta'', Rassegna Economica, anno LV, 1991, n. 1, p. 5-35

• "Structural stability, short-run dynamics and long-run solutions in feedback models. The case of the money demand function for Italy: 1964-1986'', Giornale degli Economisti e Annali di Economia, vol. 47, 1988, n. 11-12, p. 575-599 (with C. A. Favero, IGIER-Università Bocconi and CEPR)

---

Working papers and work in progress

• "Insider trading, traded volume and returns”, (with Giovanna Nicodano, Università di Torino, and Carlo A. Favero, IGIER-Università Bocconi and CEPR)
• working paper, Dipartimento di Scienze Economiche e Finanziarie, Università di Torino, n. 26, October 2011 - 

• "Stocks in the long-run for life-cycle portfolios?" (with C. Fugazza and G. Nicodano, Università di Torino and CeRP) - in progress

• "Testing unconditional uncovered interest parity" (with C. A. Favero, IGIER-Università Bocconi and CEPR and Corrado Macchiarelli, Università di Torino and ECB) - in progress

• "Measuring monetary policy in open economies", CEPR Discussion Paper n.2079, February 1999 (with C. A. Favero, IGIER-Università Bocconi and CEPR, and Francesco Franco, MIT)

• CEPR Discussion Paper 2079

---

Back to top