As of June 6th, 2025 Leonardo Melosi is no longer a current member of the department
Leonardo Melosi
Professor
Research Affiliations
- CEPR Research Fellow
Contact details
Phone:
Email: Leonardo dot Melosi at warwick dot ac dot uk
Room: S2.98
Advice and feedback hours:
About me
I am a professor of economics at the University of 糖心TV. Before, I served as a senior economist and economic advisor and the executive director of the Center for Applied Macroeconomic Research in the Economic Research Department at the Federal Reserve Bank of Chicago. Earlier on, I was an assistant professor at the London 糖心TV School. I was a visiting scholar at the Northwestern University and Columbia University.
My research has been published in the American Economic Review, the Quarterly Journal of Economics, the Review of Economic Studies, the Review of Economics and Statistics, the Journal of the European Economic Association, the Journal of Monetary Economics, the American Economic Journal: Macroeconomics, the Journal of Econometrics, the International Economic Review and the NBER Macroeconomics Annual.
I am an associated editor of the Journal of Monetary Economics and the Journal of Applied Econometrics. I am a Wim Duisenberg Fellow at the European Central Bank and a Houblon-Norman Fellow at the Bank of England, a Research Fellow at the Centre for Economic Policy Research, a member of the American Economic Association, and the Royal Economic Society.
I received a B.A. in economics from the LUISS University, Rome (Italy), an M.Sc. in international economics from the Graduate Institute of International and Development Studies, Geneva (Switzerland) and an M.A. and a Ph.D. in economics from University of Pennsylvania.
Research Interests
- Macroeconomics
- Applied Econometrics
鈥 鈥淧andemic Recessions and Contact Tracing鈥 with M.Rottner; Journal of the European Economic Association, forthcoming.
鈥 鈥淚nflation as a Fiscal Limit鈥 with F.Bianchi; 2022 Jackson Hole Symposium, Forthcoming.
鈥 鈥淗itting the Elusive Inflation Target鈥 with F.Bianchi and M.Rottner; Journal of Monetary Economics, Volume 124, p. 107-122.
鈥 鈥淧igouvian Cycles鈥 with R.Faccini; American Economic Journal: Macroeconomics, 2022, Volume 14(2), p. 281-318.
鈥 鈥淭he Limits of Forward Guidance鈥 with J.R.Campbell, F.Ferroni, and J.D.M. Fisher; Journal of Monetary Economics, 2019, Volume 108, p. 118-134
鈥 鈥淔iscal Stimulus with Learning by Doing鈥 with A.D鈥橝lessandro and G.Fella; International Economic Review, 2019, Volume 60(3), p. 1413-1432
鈥 鈥淭he Dire Effects of the Lack of Fiscal and Monetary Coordination鈥 with F.Bianchi; Journal of Monetary Economics, Volume 104, 2019, p. 1-22
鈥 鈥淓scaping the Great Recession鈥 with F.Bianchi; American Economic Review, Volume 107(4), 2017, p. 1030-1058
鈥 鈥淐onstrained Discretion and Central Bank Transparency鈥 with F.Bianchi; Review of Economics and Statistics, 2018, Volume 100(1), p.187-202
鈥 鈥淪ignaling Effects of Monetary Policy;鈥 Review of Economic Studies, Volume 84(2), 2017, p. 853-884.
鈥 鈥淔orward Guidance and Macroeconomic Outcomes Since the Financial Crisis鈥 with J.R.Campbell, J.D.M. Fisher, and A. Justiniano; NBER Macroeconomics Annual 2016, 2017(31), p. 283-357.
鈥 鈥淢odeling the Evolution of Expectations and Uncertainty in General Equilibrium鈥 with F.Bianchi; International Economic Review, 2016, Volume 57(2), p. 717-756
鈥 鈥淭he Natural Rate of Interest and Its Usefulness for Monetary Policy鈥 with Robert Barsky and Alejandro Justiniano; American Economic Review P&P, Volume 104(5), 2014, p. 37-43
鈥 鈥淓stimating Models with Dispersed Information;鈥 American Economic Journal: Macroeconomics, Volume 6(1), 2014, p. 1-31.
鈥 鈥淒ormant Shocks and Fiscal Virtue鈥 with F.Bianchi; NBER Macroeconomics Annual 2013, Volume 28, 2014, p. 1-46.
鈥 鈥淢ethods for Computing Marginal Data Densities from the Gibbs Output鈥 with C. Fuentes-Albero; Journal of Econometrics, Volume 175, Issue 2, August 2013, p. 132–141.
鈥 鈥淐omments on Epidemics in New Keynesian Models by Eichenbaum Rebelo, and Trabandt,鈥 Journal of Economic Dynamics and Control COVID-19 Special Issue, forthcoming.
鈥 鈥淭he Role of Contact Tracing in the Long Pandemic War,鈥 with M.Rottner, SUERF Policy Brief, n. 242, December 2021.
鈥 鈥淪ome Inflation Scenarios for the American Rescue Plan Act of 2021鈥 with F. Bianchi and J. Fisher, Chicago Fed Letter, n. 453, April 2021.
鈥 鈥淪trengthening the FOMC's Framework in View of the Effective Lower Bound and Some Considerations Related to Tome-Inconsistent Strategies鈥 with F.Duarte, B.K. Johannsen, and T.Nakata, Finance and Economics Discussion Series, Board of Governors, August 27, 2020.
鈥 鈥淗ow to Pay for the (Pandemic) War鈥, with F.Bianchi and R.Faccini, VOX EU article, 13 May 2020.
鈥 鈥淭he Macroeconomic Effects of the 2018 Bipartisan Budget Act鈥 with J.R.Campbell, F.Ferroni, and J.D.M. Fisher, Economic Perspectives, Vol 43(2), 2019
鈥 鈥淭he Event-Study Activity Puzzle鈥 with Jeffrey R. Campbell, Jonas D.M. Fisher, and Alejandro Justiniano; Economic Perspectives, Vol 41(3), 2017
鈥 鈥淭he Value of Forward Looking Communication鈥 with F.Bianchi in Forward Guidance: Perspectives from Central Bankers, Scholars and Market Participants , ed. Wouter den Haan, p. 115-121, VoxEU.org Ebook, London, October 2013
鈥 鈥淐omments on 鈥淕lobal House Price Fluctuations, Synchronization and Determinants鈥 by H.Hirata, M.A.Kose, C.Otrok, and M.E.Terrones鈥, NBER International Seminar on Macroeconomics 2012
鈥 鈥淓stimating Nonlinear Heterogeneous Agents Models with Neural Networks鈥 with H.Kase and M.Rottner.
鈥 鈥淲ho鈥檚 Afraid of Eurobonds?鈥 with F.Bianchi and A.Rogantini Picco.
鈥 鈥淟earning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises鈥 with S.Krane and M.Rottner.
鈥 鈥淢onetary and Fiscal Policies in Times of Large Debt: Unity is Strength鈥 with F.Bianchi and R.Faccini
鈥 鈥淭he Signaling Effects of Fiscal Announcements鈥 with H.Morita and F.Zanetti.