Workshop on Macroeconomic Dynamics: Theory and Applications
24th Edition of the workshop organised by the Luiss Department of Economics and Finance.
Day One - 18 December 2025
2:25 pm Opening Remarks
2:30 pm Unequal Decoupling
Sergio de Ferra University of Oxford
Discussant
Cristiano Cantore Sapienza University
3:15 pm Losing Grip? The Quantity Theory of Money under Currency Competition
Linda Schilling Washington University St Louis
Discussant
Bernardo Mottironi Luiss University
4:00 pm Break
4:30 pm Accounting for Credibility: Monetary-Fiscal Interactions and the Credibility of Central Bank Mandates
Alessandro Dovis University of Pennsylvania
Discussant
Andrey Alexandrov Tor Vergata University
Day Two - 19 December 2025
10:00 am Why the Federal Reserve Cuts Rates when Public Debt Rises?
Andrea Ferrara Northwestern University
Discussant
Andrea Foschi Bank of Italy
10:45 am Break
11:15 am Consumption Inequality, Household Risk, and the Business Cycle
Francesco Furlanetto Norges Bank
12:00 pm Discretionary Spending is the Business Cycle, and Why it Matters for Monetary Policy
Chiara Vergeat London Business School
Discussant
Andrea Papetti Bank of Italy
Local Organisers
Marco Bernardini (Bank of Italy); Nicola Borri (Luiss); Francesco Lippi (Luiss, EIEF and CEPR); Ettore Panetti (University of Naples Federico II and CSEF); and Marianna Riggi (Bank of Italy).
Scientific Committee
Giorgio Bellettini (University of Bologna); Marco Bernardini (Bank of Italy); Nicola Borri (Luiss); Tito Cordella (The Johns Hopkins University, Bologna); Giulio Fella (Queen Mary and CEPR); Gianluca Femminis (Catholic University of Milan and CLE); Francesco Lippi (Luiss, EIEF and CEPR); Marco Maffezzoli (Bocconi University and IGIER); Tommaso Monacelli (Bocconi University, IGIER and CEPR); Ettore Panetti (University of Naples Federico II and CSEF); Marianna Riggi (Bank of Italy); Lorenza Rossi (Lancaster University); and Alessandro Secchi (Bank of Italy).