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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 email:  fabio.bagliano@unito.it Facoltà di Economia - Torino Dipartimento di Scienze Economiche e Finanziarie

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Full CV 

Research:

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

- Recent working papers

Teaching:
    - 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 (corso di laurea specialistica in Economia e in Finanza aziendale e mercati finanziari)
    - Econometria II (corso di laurea specialistica in Economia)
- Macroeconomia III (corso di laurea specialistica in Economia a.a. 2008/2009)
    - Macroeconomics II (in English) (laurea Magistrale in Economics a.a. 2009/2010)
    - Macroeconomics I (Ph.D. in Economics -University of Turin)

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Selected publications

• Books 

• in paperback edition 2007: Models for Dynamic Macroeconomics,Oxford University Press, Oxford, 2004, pp. 296 (with Giuseppe Bertola, Università di Torino)
• description and contents
• publisher's home page of the book
• view a sample chapter

• Economia Monetaria, Il Mulino, Bologna, 1999, pp. 396 (with Giuseppe Marotta, Università di Modena)

• 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)

• "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) -

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

• "Business Cycle Comovement in the G-7: Common Shocks or Common Transmission Mechanisms?",  Applied Economics, 2009, forthcoming (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 Claudio 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 Alessandro Sembenelli, Università di Torino) -

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

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

•  "Core inflation in the Euro area", Applied Economics Letters, Vol. 9, 2002, p.353-357 (with Roberto Golinelli, Università di Bologna, and Claudio 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 Alberto Dalmazzo, Università di Siena, and Giancarlo Marini, Università di Roma "Tor Vergata")
• working paper version 
• abstract

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

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

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

• "Measuring monetary policy in VAR models: an evaluation"', European Economic Review, vol.42, 6, 1998, p.1069-1112 (with Carlo A. Favero, IGIER-Università Bocconi and CEPR)
• working paper version 
• 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, 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 Carlo 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 Giancarlo Marini, Università di Roma "Tor Vergata")
• abstract

• 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)
• working paper version  (400kb)
• 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 Carlo A. Favero, IGIER-Università Bocconi and CEPR)

• Contributions to books / conference proceedings 

• "The effects of US economic and financial crises on Euro area convergence", forthcoming in W. Meeusen (editor), The Economic Crisis and Euro Area Integration, Edward Elgar, UK, 2010
  
• working paper version -
  

• "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

•  "Inflation modelling in the Euro Area" (with Roberto Golinelli, Università di Bologna, and Claudio 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 Carlo 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  Carlo 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  Carlo A. Favero, IGIER-Università Bocconi and CEPR, and V. Anton Muscatelli)

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Recent working papers and work in progress

• "The Great recession: US dynamics and spillovers to the world economy", 2010 (with C. Morana, Università del Piemonte Orientale) - in progress

• "Stocks in the long-run for life-cycle portfolios?", 2010 (with C. Fugazza and G. Nicodano, Università di Torino and CeRP) - in progress

• "Testing unconditional uncovered interest parity", 2009 (with Carlo A. Favero, IGIER-Università Bocconi and CEPR) - in progress

• "Insider trading, volume and liquidity”, April 2004 (with Giovanna Nicodano, Università di Torino, and Carlo A. Favero, IGIER-Università Bocconi and CEPR)

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

• CEPR Discussion Paper n.2079 version with abstract

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