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Dive into the research topics where Alessandro Flamini is active.

Publication


Featured researches published by Alessandro Flamini.


Studies in Nonlinear Dynamics and Econometrics | 2011

Real-Time Optimal Monetary Policy with Undistinguishable Model Parameters and Shock Processes Uncertainty

Alessandro Flamini; Costas Milas

This paper studies optimal real-time monetary policy when the central bank takes the exogenous volatility of the output gap and inflation as proxy of the undistinguishable uncertainty on the exogenous disturbances and the parameters of its model. The paper shows that when the exogenous volatility surrounding a specific state variable increases, the optimal policy response to that variable should increase too, while the optimal response to the remaining state variables should attenuate or be unaffected. In this way the central bank moves preemptively to reduce the risk of large deviations of the economy from the steady state that would deteriorate the distribution forecasts of the output gap and inflation. When an empirical test is carried out on the U.S. economy the model predictions tend to be consistent with the data.


Economia Politica | 2012

Interest Rate Forecasts in Inflation Targeting Open-Economies

Alessandro Flamini

Can the choice of the target inflation index in an open-economy affect the central bank ability to forecast the interest rate path? Adopting a New Keynesian set up where the central bank faces real-world model uncertainty, this paper shows that targeting the domestic price index instead of the consumer price index substantially improves the accuracy in the distribution forecast of the interest rate. The policy implication is that adopting the domestic price index may increase the central banks convenience of publishing the expected interest rate path.


Journal of International Money and Finance | 2007

Inflation targeting and exchange rate pass-through☆

Alessandro Flamini


Economica | 2011

Policy Regime Changes, Judgment and Taylor Rules in the Greenspan Era

Cinzia Alcidi; Alessandro Flamini; Andrea Fracasso


Economics Letters | 2011

Household’s Preferences and Monetary Policy Inertia

Alessandro Flamini; Andrea Fracasso


Archive | 2012

Industrial Transformation, Heterogeneity in Price Stickiness, and the Great Moderation

Alessandro Flamini; Guido Ascari; Lorenza Rossi


Studies in Nonlinear Dynamics and Econometrics | 2012

Economic Stability and the Choice of the Target Inflation Index

Alessandro Flamini


Journal of Financial Stability | 2015

Distribution forecast targeting in an open-economy, macroeconomic volatility and financial implications

Alessandro Flamini; Costas Milas


Archive | 2012

Nominal Rigidities, Supply Shocks and Economic Stability

Guido Ascari; Alessandro Flamini; Lorenza Rossi


Keele Economics Research Papers | 2007

``Taylored'' Rules. Does One Fit All?

Cinzia Alcidi; Alessandro Flamini; Andrea Fracasso

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Costas Milas

University of Liverpool

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Cinzia Alcidi

Graduate Institute of International and Development Studies

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