Photo of Dario Caldara

Dario Caldara

Education

  • Ph.D., Economics, Institute for International Economic Studies, Stockholm University, 2011
  • M.Sc., International Economics, Kiel Institute for the World Economy, 2005
  • B.A., Economics, Bocconi University, 2004
Current Research Topics
  • Monetary Policy, Oil Prices, Uncertainty
  • Chief, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2019 - present
  • Principal Economist, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Senior Economist, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2015 - 2016
  • Economist, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2014 - 2015
  • Economist, Macroeconomic and Quantitative Studies Section

    Board of Governors of the Federal Reserve System

    2011 - 2014
  • Caldara, Dario, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo (2020). "The Economic Effects of Trade Policy Uncertainty," Journal of Monetary Economics, vol. 109, pp. 38-59.
  • Caldara, Dario, Michele Cavallo, and Matteo Iacoviello (2019). "Oil Price Elasticities and Oil Price Fluctuations," Journal of Monetary Economics. Volume 103, May 2019, Pages 1-20.
  • Arias, Jonas E., Dario Caldara, and Juan F. Rubio-Ramirez (2019). "The Systematic Component of Monetary Policy in SVARs: An Agnostic Identification Procedure," Journal of Monetary Economics, vol. 101, pp. 1-13.
  • Caldara, Dario, and Edward Herbst (2019). "Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs," American Economic Journal: Macroeconomics, vol. 11, no. 1, pp. 157-192.
  • Caldara, Dario, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo (2019). "Does Trade Policy Uncertainty Affect Global Economic Activity?," FEDS Notes 2019-09-04. Board of Governors of the Federal Reserve System (U.S.).
  • Caldara, Dario, and Matteo Iacoviello (2018). "Measuring Geopolitical Risk," International Finance Discussion Papers 1222. Board of Governors of the Federal Reserve System (U.S.).
  • Caldara, Dario, and Christophe Kamps (2017). "The Analytics of SVARs: A Unified Framework to Measure Fiscal Multipliers," Review of Economic Studies, vol. 84, no. 3, pp. 1015-1040.
  • Caldara, Dario, Cristina Fuentes-Albero, Simon Gilchrist, and Egon Zakrajšek (2016). "The Macroeconomic Impact of Financial and Uncertainty Shocks," European Economic Review, vol. 88, pp. 185-207.
  • Caldara, Dario, Richard Harrison, and Anna Lipinska (2014). "Practical Tools for Policy Analysis in DSGE Models with Missing Shocks," Journal of Applied Econometrics, vol. 29, no. 7, pp. 1145-1163.
  • Caldara, Dario, Jesus Fernandez-Villaverde, Juan Rubio-Ramirez, and Wen Yao (2012). "Computing DSGE Models with Recursive Preferences and Stochastic Volatility," Review of Economic Dynamics, vol. 15, no. 2, pp. 188-206.
  • Caldara, Dario (2011). "Essays on Empirical Macroeconomics," Monograph Series 71. Institute for International Economic Studies.
  • Caldara, Dario, and Christophe Kamps (2008). "What are the Effects of Fiscal Shocks? A VAR-Based Comparative Analysis," Working Paper Series 877. European Central Bank.
  • seminar

    November 2016

    DIW Berlin

  • seminar

    November 2016

    Universitat Pompeu Fabra

  • seminar

    November 2016

    Universitat Autonoma Barcelona

  • seminar

    September 2016

    European Central Bank

  • conference

    September 2016

    SITE Summer Workshops 2017

  • seminar

    May 2016

    Oxford University

  • seminar

    May 2016

    London Business School

  • seminar

    May 2016

    Bank of England

  • seminar

    April 2016

    Cornell University

  • seminar

    April 2016

    Colgate College

  • seminar

    April 2016

    Emory University

  • conference

    July 2015

    NBER Summer Institute

  • conference

    June 2015

    Society for Economic Dynamics - Annual Meeting - Warsaw

  • seminar

    December 2014

    Duke University

  • seminar

    November 2014

    University of California, San Diego

  • seminar

    November 2014

    Federal Reserve Bank of Chicago

  • seminar

    November 2014

    North Carolina State University

  • conference

    October 2013

    Workshop on Macroeconomics, Financial Frictions and Asset Prices - Pavia

  • conference

    June 2013

    Society for Economic Dynamics - Annual Meeting - Seoul

  • seminar

    April 2013

    Banque de France

  • seminar

    April 2013

    Swiss National Bank

  • conference

    July 2012

    Conference on Computing in Economics and Finance -Prague

  • seminar

    March 2012

    European Central Bank

  • seminar

    March 2012

    Sverige Riksbank

  • seminar

    March 2012

    Bank of England

  • seminar

    May 2011

    Uppsala University

  • seminar

    February 2011

    Board of Governors of the Federal Reserve System

  • seminar

    February 2011

    Boston College

  • seminar

    February 2011

    Universidad Autonoma Barcelona

  • seminar

    February 2011

    TUFTS

  • seminar

    February 2011

    Bank of Italy

  • seminar

    February 2011

    Royal Holloway

  • seminar

    January 2011

    London School of Economics

  • seminar

    January 2011

    University College London

  • seminar

    January 2011

    CREI - Pompeu Fabra

  • seminar

    January 2011

    Bank of Spain

  • seminar

    January 2011

    CEMFI

  • seminar

    January 2011

    University of Warwick

  • seminar

    January 2011

    Bank of England

  • seminar

    November 2010

    Sverige Riksbank

  • seminar

    November 2010

    Stockholm School of Economics

  • seminar

    October 2010

    Stockholm University

  • seminar

    October 2010

    University of Pennsylvania

  • conference

    September 2010

    Oslo Workshop on Monetary and Fiscal Policy

  • conference

    July 2010

    Society for Economic Dynamics - Annual Meeting - Montreal

  • conference

    July 2010

    Conference on Computing in Economics and Finance - London

  • conference

    June 2010

    Conference on Monetary and Fiscal Policy for Macroeconomic Stability - Pavia

  • conference

    June 2009

    Society for Economic Dynamics - Annual Meeting - Istanbul

  • seminar

    December 2008

    European Central Bank

  • conference

    August 2006

    European Economic Association Annual Meeting - Vienna

  • conference

    June 2006

    Conference on Computing in Economics and Finance - Cyprus

Conference Organization
  • May 2019 | Board of Governors, Washington DC

    Conference on Developments in Empirical Macroeconomics

    Organizer

  • May 2018 | Federal Reserve Bank of New York, NY

    Conference on Developments in Empirical Macroeconomics

    Organizer

  • May 2017 | Board of Governors, Washington DC

    Conference on Developments in Empirical Monetary Economics

    Organizer

  • September 2014 | Istanbul, Turkey

    Advances in Applied Macro-Finance and Forecasting

    Member of the Scientific Committee

Editor
  • Associate Editor, Journal of Applied Econometrics, January 2020 - present
Referee
  • American Economic Review
  • Econometrica
  • Review of Economic Studies
  • Journal of the European Economic Association
  • Journal of Monetary Economics
  • AEJ: Macroeconomics
  • Review of Economic Dynamics
  • International Economic Review
  • Journal of Money, Credit and Banking
  • Journal of Applied Econometrics
  • The Economic Journal
  • Review of Economics and Statistics
  • Quantitative Economics
  • Journal of International Economics
  • Journal of Forecasting
  • Macroeconomic Dynamics
  • Economics Letters
  • Energy Journal
  • The B.E. Journal of Macroeconomics
Professional Affiliation
  • Adjunct Professor, Georgetown University, 2018-2019
Last update: July 27, 2021