ADDRESS:

Department of Economics
Boston College
Carney Hall 131
Chestnut Hill, MA 02467-3806, U.S.A.

Phone: 1-617-552-3686
Fax: 1-617-552-2308
E-mail: Fabio.Ghironi@bc.edu

http://FMWWW.bc.edu/EC-V/Ghironi.fac.html
http://www2.bc.edu/~ghironi
 

RESEARCH INTERESTS:

Open Economy Macroeconomics; Monetary Economics.
 

CURRENT TEACHING:

Graduate Macroeconomics; Graduate Monetary Economics.
 

EDUCATION:

• Ph.D., Economics, University of California, Berkeley, 1999.

Dissertation: "Essays on Economic Interdependence."
Advisors: Barry Eichengreen and Maurice Obstfeld.

• M.A., Economics, Bocconi University, Milan, 1994.
• Summer School, European Economic Association, University of Helsinki, 1993.
• Laurea cum Laude, Economic and Social Sciences, Bocconi University, Milan, 1993.

Thesis: "Exchange Rate Regimes and International Economic Policy Coordination: What Have We Learned in Ten Years of Literature?" (in Italian).
Advisor: Francesco Giavazzi.

• Exchange Student, Johns Hopkins University, Paul H. Nitze School of Advanced International Studies, Bologna Center, 1992.

EMPLOYMENT HISTORY:

• Economist, International Research Function, Federal Reserve Bank of New York, September 1999-December 2000.
• Graduate Student Instructor, Department of Economics, U.C. Berkeley, 1995-1997.
• Research Assistant, Department of Economics, U.C. Berkeley, Spring 1996.
• Teaching Assistant, Department of Economics, Bocconi University, 1993-1994.
• Research Assistant, Department of Economics, Bocconi University, December 1993-July 1994.

OTHER EXPERIENCE:

• Visiting Scholar, Central Bank Institute, Federal Reserve Bank of Cleveland, October 2001.
• Visiting Scholar, Central Bank Institute, Federal Reserve Bank of Cleveland, August 2001.
• Visiting Scholar, IGIER-Bocconi University, June 2001.
• Visiting Scholar, IGIER-Bocconi University, June 2000.
• Summer Intern, Research Department, European Central Bank, June 1999.
• Visiting Scholar, European University Institute, June 1998.
• Visiting Scholar, Research Department, International Monetary Fund, March 1997.
• Rapporteur, CEPR European Summer Symposium in Macroeconomics, 1996.
• Co-editor, second Italian edition, Macroeconomics, Robert Hall and John Taylor, Hoepli, Milan, 1995.

REFEREE:

Canadian Journal of Economics, Economica, European Economic Review, Finnish Economic Papers, International Economic Review, International Finance, International Review of Economics and Finance, International Tax and Public Finance, Journal of International Economics, National Science Foundation, Quarterly Journal of Economics, Research in Economics, Review of Economic Studies, Rivista di Politica Economica.
 

GRANTS:

• Boston College 2001-2002 Winter-Spring Research Expense Grant. Project: "Trade and the Exchange Rate: Quantifying the Role of Assets, Reassessing That of Goods."
• Boston College 2001 Summer-Fall Research Expense Grant. Project: "Macroeconomic Interdependence: Theory, Measurement, and Policy Implications."

FELLOWSHIPS, HONORS, AND AWARDS:

• Young Economist Award for an Outstanding Submission, European Economic Association Annual Congress, August 2000.
• Honorary Member, Society of the Citizens of Pozzallo, Brooklyn, NY, April 2000.
• MacArthur Foundation Dissertation Fellowship on Multilateralism, 1998-1999.
• Chair of a Working Group on "European Monetary Unification and Policy Interactions Between Europe and the Rest of the World," sponsored by the MacArthur Foundation, 1996 to 1999.
• John L. Simpson Memorial Research Fellowship in International and Comparative Studies, 1997-1998.
• Outstanding Graduate Student Instructor Award, Department of Economics, U.C. Berkeley, May 1997.
• Ente Einaudi Fellowship for Economic Studies Abroad, 1996-1997.
• Eliot J. Swan Prize, best first year Ph.D. student in economics in 1994-1995, May 1996.
• President, Graduate Economics Association, U.C. Berkeley, 1995-1996.
• Marco Fanno Fellowship, Mediocredito Centrale, 1994-1996.
• CIDER Flood Fellowship in Economics (honorary), U.C. Berkeley, 1994-1995.
• Gold Medal awarded by the Friends of Bocconi University Association to the best graduates of the year 1991-1992, April 1994.
• Enrica and Romeo Invernizzi Foundation Fellowship, 1993-1994.

MEMBERSHIPS IN PROFESSIONAL ASSOCIATIONS:

American Economic Association, Econometric Society, European Economic Association, Society for Economic Dynamics.
 

PUBLICATIONS:

• "Net Foreign Assets and the Exchange Rate: Redux Revived," with Michele Cavallo, Journal of Monetary Economics, forthcoming. (Presented in the November 2001 Carnegie-Rochester Conference on Public Policy.)
• "EMU and Enlargement," with Barry Eichengreen, forthcoming in Buti, M., and A. Sapir, eds., The Functioning of EMU: Challenges of the Early Years, proceedings of a conference sponsored by the European Commission.
• "Currency Areas, International Monetary Regimes, and the Employment-Inflation Tradeoff," with Francesco Giavazzi, Journal of International Economics 45 (1998): 259-296. (Copyright 1998 Elsevier Science B.V. All rights reserved. Click to print one copy for individual use only.)
• "European Monetary Unification and International Monetary Cooperation," with Barry Eichengreen, in Eichengreen, B., ed., Transatlantic Economic Relations in the Post-Cold War Era, Brookings Institution Press, Washington, D.C., 1998.
• "How Will Transatlantic Policy Interactions Change with the Advent of EMU?," with Barry Eichengreen, in Eichengreen, B., European Monetary Unification: Theory, Practice, and Analysis, MIT Press, Cambridge, 1997.
• "Policy Implications of the Size of EMU for Europe and the United States," with Francesco Giavazzi, in Masson, P. R., Krueger, T. H., and Turtelboom, B. G., eds., EMU and the International Monetary System, IMF, Washington, D.C., 1997.
• "Out in the Sunshine? Outsiders, Insiders, and the United States in 1998," with Francesco Giavazzi, in Siebert, H., ed., Quo Vadis Europe?, J.C.B. Mohr (Paul Siebeck), Tübingen, 1997.
• "European Monetary Unification: The Challenges Ahead," with Barry Eichengreen, in Torres, F., ed., Monetary Reform in Europe, Universidade Católica Editora, Lisbon, 1996.
• "Il Sistema monetario europeo e la politica economica italiana" ("The European Monetary System and Italian Economic Policy"), Chapter 21 in Macroeconomics, Robert Hall and John Taylor, second Italian edition Hoepli, Milan, 1995.

WORKING PAPERS:

• "Does It Matter (for Equilibrium Determinacy) What Price Index the Central Bank Targets?," with Charles T. Carlstrom and Timothy S. Fuerst, April 2002.
• "Endogenously Persistent Output Dynamics: A Puzzle for the Sticky-Price Model?," March 2002.
• "Monetary Rules for Emerging Market Economies," with Alessandro Rebucci, October 2000.
• "Macroeconomic Interdependence under Incomplete Markets," June 2000.
• "Interest Rate Rules for Fixed Exchange Rate Regimes," with Gianluca Benigno and Pierpaolo Benigno, March 2000.
• "Understanding Macroeconomic Interdependence: Do We Really Need to Shut Off the Current Account?," February 2000. (Selected for the Young Economist Award for an Outstanding Submission, European Economic Association Annual Congress, August 2000.)
• "Towards New Open Economy Macroeconometrics," August 1999.
• "Macroeconomic Tradeoffs in the United States and Europe: Fiscal Distortions and the International Monetary Regime," with Barry Eichengreen, April 1999.
• "Alternative Monetary Rules for a Small Open Economy: The Case of Canada," November 1998.
• "U.S.-Europe Economic Interdependence and Policy Transmission," March 1998.

SEMINAR PRESENTATIONS:

2002:

Boston College, Dalhousie University.

Boston College, Federal Reserve Bank of Cleveland, Harvard University, University of Québec at Montréal.

International Monetary Fund, New York University-Stern School of Business, University of Pennsylvania.

Board of Governors-Federal Reserve System, Boston College, Brown University, European Central Bank, Federal Reserve Bank of New York, Florida International University, George Washington University, Iowa State University, Johns Hopkins University, New York University, Tilburg University, University of California-Irvine, University of California-Los Angeles, University of Pittsburgh, Washington University, Yale University.

European University Institute, IGIER-Bocconi University, University of California-Berkeley (2).

International Monetary Fund.

University of California-Berkeley.

CONFERENCE PRESENTATIONS:

Conference title and location:

2001:

• Carnegie-Rochester Conference on Public Policy, Carnegie Mellon University.
• Society for Economic Dynamics Annual Meeting, Stockholm.
• "European Monetary and Fiscal Policies: A Transatlantic Dialogue," Institute for International Studies, Stanford University.
• "New Times for the Old European Economy," Avila.
• "The Functioning of EMU: Challenges of the Early Years," DG ECFIN Workshop, Brussels.
• Allied Social Sciences Associations Annual Convention, New Orleans.

• "European Fiscal Federalism in Comparative Perspective," Minda de Gunzburg Center for European Studies Workshop, Harvard University.
• Latin American and Caribbean Economic Association Annual Meeting, Rio de Janeiro.
• European Economic Association Annual Congress, Bozen-Bolzano.
• Western Economic Association International Annual Conference, Vancouver.
• Spring System Committee on Macroeconomics, Federal Reserve Bank of St. Louis.
• Midwest International Economics Meeting, University of Kentucky, Lexington.
• Spring New York Area Macro Workshop, Federal Reserve Bank of New York.
• "Economic Policy Coordination in the European Union: Growth, Stability, and Employment," Lisbon.
• Spring System Committee on International Economic Analysis, Federal Reserve Bank of New York.

• "Fiscal Policy and Fiscal Federalism in the EMU," University of California, Los Angeles.

DISCUSSANT:

Conference title and location:

2001:

• "The Design and Implementation of Monetary Policy," CEPR/INSEAD Annual Workshop in Macroeconomics, Fontainebleau.

• "The Analysis of International Capital Markets: Understanding Europe's Role in the Global Economy," Bank of Israel/CEPR/Eitan Berglas School of Economics Workshop, Tel Aviv.
• Western Economic Association International Annual Conference, Vancouver.

• "EMU: Getting the Start Game Right," University of California, Berkeley.

CONFERENCES ORGANIZED:

1998:

• "EMU: Getting the Start Game Right," University of California, Berkeley.

Updated: May 2002.