Corrado Macchiarelli

🚨 New @IMFNews Working Paper on BoE communication strategy and its effect on term premium around the Brexit referendum, with @jagjit_chadha @ArnoHan S Goel and S Mellina. We gratefully acknowledge support from @NIESRorg The paper is accessible at: elibrary.imf.org/view/journals/…

Trawling through #MPC minutes at the time of the #Brexit referendum shows how guidance supports monetary policy. Risk premia seem to have accordingly been attenuated. Now published in JIMF. @CFMUK @CamEcon @MMF_research @cepr_org 🎩 @IMFNews @BoE_Research @NIESRorg

In a world of geopolitical uncertainty, central bank communication becomes a powerful additional tool to interest rate policy. NEW WP: @jagjit_chadha et al examine the @bankofengland strategy following the Brexit referendum vote of 2016. ➡️bit.ly/3NS6KBN #econtwitter

Trawling through #MPC minutes around the time of the #Brexit referendum helps us understand how guidance supports the stance of monetary policy. Risk premia seem to have accordingly been attenuated. @CFMUK @CamEcon @MMF_research @cepr_org 🎩 @IMFNews @BoE_Research @NIESRorg

F Arizala, H Tuesta, and I examined peso movements in Box 1 of the current @IMFNews Staff Report for Mexico, published on November 1.  Understanding the cyclical vs fundamental drivers of the currency will become increasingly important.  Staff Report: lnkd.in/eN4VeNw3

Another incredibly fruitful afternoon for the @IMFNews Italian Staff Association, where @CottarelliCPI, Director of the Italian Osservatorio sui Conti Pubblici and former IMF Director, discussed the Italian economy over the past 25 years and its challenges for the future.

Just published ‼️ New @IMFNews WP entitled "Okun in the Euro: New Evidence from Structural Okun Law’s Estimates for the Euro Area, 1979-2019" with @naurocampos @UCLSSEES & @mitrofotis. Full link: imf.org/en/Publication…

While you are waiting for today's #MPC decision, you may wish to read our @IMFNews paper on how @bankofengland comms can support more effective monetary policy. 🎩 @ArnoHan @CMacchiarelli Satyam Goel & Sathya Mellina. @NIESRorg @CFMUK @MMF_research imf.org/en/Publication…

@clenoel @IMFNews @jagjit_chadha @ArnoHan @NIESRorg Thank you @clenoel! Hope you are well

@CMacchiarelli @IMFNews @jagjit_chadha @ArnoHan @NIESRorg Congrats @CMacchiarelli @ArnoHan @jagjit_chadha

🚨 New @IMFNews Working Paper on BoE communication strategy and its effect on term premium around the Brexit referendum, with @jagjit_chadha @ArnoHan S Goel and S Mellina. We gratefully acknowledge support from @NIESRorg The paper is accessible at: elibrary.imf.org/view/journals/…

Work w/ @jagjit_chadha @CMacchiarelli Satyam Goel & Sathya Mellina on Brexit, @bankofengland communication and bond market responses now online as @IMFNews WP imf.org/en/Publication…

@NIESRorg @MortimerleePaul @WileyEconomics Great to see how citations took off in less than 2 years. This remains my most cited article so far!

Congratulations to Patricia Sánchez Juanino, Iana Liadze, @CMacchiarelli and @MortimerleePaul 👏 Their article on the Economic Costs of the Russia-Ukraine war has been recognised in the top 10 most cited in The World Economy 2022-23 @WileyEconomics hubs.la/Q02vGkvK0

@Mariosa_Com @agnesecare Grazie a te e tutti voi per aver participato! ;)

Thanks @CMacchiarelli and @agnesecare for organizing! (They are the bosses of the association ;))

Very interesting presentation today by @EnricoLetta at the @IMFNews for the Italian staff association. Link to his report titled "Much More Than a Market" @DelorsInstitute here: delorscentre.eu/en/about/news/…

In Box 1.2 of the latest GFSR @IMFNews, Harrison Kraus and I examine the intertemporal risk trade-off between near- and medium-term horizons in the case of US growth using the IMF’s growth-at-risk framework. Details below👇🏻 Link to the full GFSR: imf.org/en/Publication…

Outstanding professionals @WorldBank, @the_IDB & @IMFNews united by love and dedication to their extraordinary 🇮🇹#Italy. Glad to host our friends of Club Italia in Washington D.C..

New @IMFNews blog with N. Abbas looking at housing affordability amid higher interest rates and the challenges for US monetary policy. Link to the blog: imf.org/en/Blogs/Artic… Link to our Global Financial Stability Report: imf.org/en/Publication…

#Weekend Reading: In our latest #MondayInterview we discussed what the #BondMarkets can tell us about the #UKeconomy A timely read given all the recent developments💥 ⬇️ @CMacchiarelli #EconTwitter hubs.la/Q01pPq8G0

UK Investors’ Confidence Narrows as Markets Adjust to Last Week’s Monetary and Fiscal Events. @NIESRorg latest Bond Premium Tracker, jointly written with Paula Bejarano Carbo, is out now. niesr.ac.uk/publications/i…

#Weekend Reading: Our independent assessment of the #MiniBudget We now expect: ▶️Bank rate to peak at around 5% in 2023 Q3 ▶️Govt deficit to increase by around £150 billion (roughly 5% of GDP) ▶️Public sector #debt to rise to 91.6% of GDP in 2024-25 hubs.la/Q01n3PnN0

We have produced an independent assessment of the Chancellor's #MiniBudget. This looks like a pre-election boost to demand. The @bankofengland will respond with a higher #Bankrate, as it asks more of the economy that our short run potential can supply. @OBR_UK @hmtreasury @CFMUK