Home>Research

Current research topics

Econometric modelling

In particular: aggregate modelling of the EU economy. I coauthored with prof. Carlucci the first aggregate model of the European Union published in a refereed journal (see works). I further developed this project by estimating a model of the EMU and embedding it in a model of the world economy. After estimating and linking the US and Japan blocks, I have added to the model a block related to the Chinese economy.

Related research areas are:

  1. The European macroeconomic framework.
  2. The consequences of the EMU.
  3. Aggregation in macroeconomic relationships.
  4. Cointegration in small samples.
  5. Structural break testing in cointegrated equations.

My next work in this field will be concerned respectively with the US twin deficits problem (a first set of simulations is available here) and with the impact of Chinese aggregate demand on global external imbalances (some preliminary results are here)

Export-led growth

I investigated the impact of structural breaks on the empirical performance of Thirlwall law (forthcoming on Applied Economics). I am currently applying this approach to the study of long-run growth in transition economies.

Current account dynamics

I investigated with Prof. Manzocchi the relation between current account dynamics and capital mobility in the less developed countries in a number of papers (see works). I investigated the structural breaks in the twin deficit relationship in selected OECD countries (see works). I am now extending this approach by using multiple breaks tests as well as by applying it to developing countries.

Public debt sustainability

I have worked on sustainability indicators grounded on dynamic stability analysis of macroeconomic models. A first draft is available here.


Research projects

Deepening and enlarging the European economy: an integrated modelling approach - PRIN 2005


Top of page.

Last updated: