Luigi Paciello

Full Professor, Einaudi Institute for Economics and Finance
Fellow, Centre for Economic Policy Research (CEPR), 2016 - present

Northwestern University, Ph.D., 2008
Northwestern University, M.A., 2005
London School of Economics, M.Sc., 2003
Bocconi University, BA, 2001

Macroeconomics, Monetary Economics, Information Economics, Business Cycles.

"Ambiguity Aversion and Heterogeneity in Households' Beliefs", with C. Michelacci, The American Economic Journal: Macroeconomics, forthcoming.

"The Extensive Margin of Aggregate Consumption Demand", with Claudio Michelacci and Andrea Pozzi, Review of Economic Studies, June 2021.

“Ambiguous Policy Announcements“, with C. Michelacci, Review of Economic Studies, 2020, Volume 87, Issue 5, Pages 2356–2398.

“Price Dynamics with Customer Markets“, with A. Pozzi and N. Trachter, International Economic Review, 2019, Volume 60, Issue 1, pages 413-446.

“Monetary Shocks with Observation and Menu Costs“, with F. Alvarez and F. Lippi, Journal of the European Economic Association, 2018, Volume 16, Issue 2, pages 353-382.

“Monetary Shocks in Models with Inattentive Producers“, with F. Alvarez and F. Lippi, The Review of Economic Studies, 2016, Volume 83, Issue 2, pages 421-459.

“Monetary Policy, Doubts and Asset Prices“, with P. Benigno, Journal of Monetary Economics, 2014, Volume 64, pages 85-98.

“Exogenous Information, Endogenous Information and Optimal Monetary Policy“, with M. Wiederholt, The Review of Economic Studies, 2014, Volume 81, Issue 1, pages 356-388.

“Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention“, Journal of Money, Credit and Banking, 2012, Volume 44, Issue 7, pages 1375-1399.

“Optimal Price Setting with Observation and Menu Costs“, with F. Alvarez and F. Lippi, Quarterly Journal of Economics, 2011, Volume 126, Issue 4, pages 1909-1960.

"Spending Allocation under Nominal Uncertainty: A Model of Effective Price Rigidity", with Gaetano Gaballo, under revision for the Journal of the European Economic Association.

"Subsidizing Business Entry in Competitive Credit Markets", with V. Cuciniello and C. Michelacci, under revision for the Journal of Political Economy.

"Should Banks be Taxed in a Monetary Tightening?", with C. Michelacci (in progress).

Foundation Banque de France, Research Grant 2021

Associate Editor for the Review of Economic Dynamics 2017-2022

Associate Editor for the Journal of the European Economic Association 2018-2021

ERC Starting Grant 2016-2020

Excellence in Refereeing Award - The Journal of the European Economic Association, 2015

Excellence in Refereeing Award - The American Economic Review, 2013

Phone:+39.06.4792.4970
Fax: +39.06.4792.4872
E-mail: luigi.paciello[at]eief.it
Personal Web Page: http://gigipaciello.googlepages.com/