Emanuele Citera

📉 Speculation or Fundamentals? European Natural Gas Price Swings Post 2020 Our new working paper by @LevyEcon analyzes the dramatic swings in European natural gas prices during 2020-2024 and the energy crisis. Check it out here: levyinstitute.org/publications/s…

Check out my interview with @FacultiNet on our recent book on the ECB @ElgarPublishing @Lprochon #ECB #monetarypolicy #financialstability

Just got it in my mailbox. Take a peek at it! @ElgarPublishing @Elgar_Economics You can find more information about the book at the link below. A more affordable electronic version will be available soon. e-elgar.com/shop/usd/centr… #ecb #monetarypolicy #centralbank

@Lprochon @Elgar_Economics Thank you for directing such a great series and allowing us to be part of it

The new book in the @Elgar_Economics series on central banking and monetary policy. This book edited by @MannyCitera, Domenica Tropeano and Lino Sau. Well done guys and thank you. e-elgar.com/shop/usd/centr…

The book explores the pressing challenges confronting the European Central Bank through a post-Keynesian perspective. With contributions from leading international scholars and practitioners, it offers fresh insights into current monetary policies and financial theories.

Hot off the press! New book on the ECB, monetary policy, and future challenges coedited by me, Lino Sau, and Domenica Tropeano. e-elgar.com/shop/usd/centr… Check it out, circulate it among colleagues, and recommend it to your institutional library! @ElgarPublishing @Lprochon

Market Microstructure Symposium 2.0 – Invitation Phase & Event Page As we enter the participant invitation phase for this year’s Market Microstructure Symposium 2.0, hosted at NYU Stern and co-sponsored by Nasdaq, I wanted to share our working event page, which will be continuously updated as the program evolves. This year’s symposium brings together leading voices from trading, banking, policy, and asset management to explore how financial infrastructure is quietly—but profoundly—reshaping modern markets. We’ll examine secondaries, private credit, synthetic dealers, and structured ETFs to ask a unifying question: Who is building the financial plumbings we rely on—and who ultimately bears the risk? While we’re in the process of launching a full website for the event, our interim event page is live on Substack and will be updated regularly with confirmed panelists, speakers, and logistical details: Event Webpage: [First Comment] Draft Program (PDF): [Second Comment] If you are interested in attending—or know someone who should be in the room—please feel free to reach out directly. The symposium is by invitation only and conducted under the Chatham House Rule to encourage open, candid dialogue. The organizers: Elham Saeidinezhad, Itai Dreifuss, Kai Owen The research assistant: Gordon Li

The G7 is exempting American multinationals from the global minimum tax. It’s pathetic and scandalous.

@Punk_Keynesian Congrats Guillermo! Great achievement, very well deserved 👏

I feel incredibly honored to receive the prestigious Joan Robinson Prize, named in honor of a towering figure in economics and one of the founders of PK economics. I’m truly grateful to the Review of Political Economy and Taylor & Francis. This prize is a huge incentive for me.

Check out the forthcoming book on the ECB and the future challenges that I edited with Lino Sau and Domenica Tropeano by Edward Elgar. @Lprochon Coming out in September. Order a copy here: e-elgar.com/shop/usd/centr… #ECB #monetarypolicy #climatechange

Still too big to fail? aeaweb.org via @aeajournals #toobigtofail #nobailoutprobability

@pressmansteven I totally agree. He has two very interesting documentaries: saving capitalism and inequality for all

I think that Robert Reich did a good one a while back. You should be able to find it online.

Since the paper is not open access, I am sharing the link to read the paper in case you do not have an institutional subscription to the journal: rdcu.be/d8vXe

#3: We study the stochastic structure of these two markets and the properties of investors’ behavior through bear and bull trends. Finally, we compare the degree of informational efficiency of these two markets.

Hot off the press! "Analyzing financial markets dynamics: a statistical equilibrium framework for stocks and cryptocurrencies" (with Francesco De Pretis) by the Annals of Operations Research link.springer.com/article/10.100…

#2: We collect individual data from January 2017 until December 2022. We then apply the Quantal Response Statistical Equilibrium (QRSE) model to recover the cross-sectional frequency distribution of the daily returns of cryptocurrencies and S&P 500 companies.

#1: The article analyzes the stochastic structure of cryptocurrency rates of returns as compared to stock returns by focusing on the associated cross-sectional distributions. We build two datasets, one with 46 major cryptocurrencies and another with all the S&P 500 companies.

A very interesting piece on how big oil and gas companies exploited the “water’s edge election” tax loophole to avoid paying more than $4.3 billion in state corporate tax revenue each year. @jacobin #CaliforniaWildfires #bigoil #taxloophole jacobin.com/2025/01/califo…

Forthcoming in the @Elgar_Economics series on Central Banking and Monetary Policy: Central Banking , Monetary Policy and the European Central Bank Edited by @MannyCitera , Lino Say and Domenica Tropeano

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.” #NobelPrize