Photo of Matteo Iacoviello

Matteo Iacoviello

Education

  • Ph.D., Economics, London School of Economics, 2002
  • M.Sc., Economics, London School of Economics, 1998
  • B.Sc., Economia, University of Rome "Tor Vergata", 1996
  • Ph.D., Economic Theory and Institutions, University of Bologna, 2001
Current Research Topics
  • Measuring Geopolitical Risk
  • Macro Models with Occasionally Binding Constraints
  • Deputy Associate Director, International Finance Division

    Board of Governors of the Federal Reserve System

    2019 - present
  • Assistant Director and Section Chief, Trade and FInancial Studies

    Board of Governors of the Federal Reserve System

    2017 - 2019
  • Associate Editor

    Review of Economic Dynamics

    2014 - present
  • Associate Editor

    Journal of Money, Credit and Banking

    2014 - present
  • Section Chief, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2014 - 2017
  • Adjunct Visiting Professor

    Georgetown University

    2014 - 2016
  • Project Manager, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2013 - 2014
  • Senior Economist, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2011 - 2012
  • Economist, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2010
  • Associate Professor

    Boston College

    2008 - 2010
  • Assistant Professor

    Boston College

    2002 - 2008
  • Visiting Scholar

    Federal Reserve Bank of Boston

    2009
  • Consultant

    International Monetary Fund

    2008
  • Consultant

    Bank of Canada

    2007
  • Consultant

    European Central Bank

    2005 - 2006
  • De Michelis, Andrea, Thiago R. T Ferreira, and Matteo Iacoviello (2019). "Oil Prices and Consumption Across Countries and U.S. States," International Finance Discussion Papers 1263. Board of Governors of the Federal Reserve System (U.S.).
  • 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, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo (2019). "The Economic Effects of Trade Policy Uncertainty," International Finance Discussion Papers 1256. Board of Governors of the Federal Reserve System (U.S.).
  • Iacoviello, Matteo, and Gaston Navarro (2019). "Foreign Effects of Higher U.S. Interest Rates," Journal of International Money and Finance, vol. 95, pp. 232-250.
  • Cuba-Borda, Pablo, Luca Guerrieri, Matteo Iacoviello, and Molin Zhong (forthcoming). "Likelihood Evaluation of Models with Occasionally Binding Constraints," Journal of Applied Econometrics.
  • Guerrieri, Luca, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim (2019) "Macroeconomic Effects of Banking Sector Losses across Structural Models," International Journal of Central Banking, vol. 15, no. 3, pp. 137-204.
  • Caldara, Dario, and Matteo Iacoviello (2018). "Measuring Geopolitical Risk," International Finance Discussion Papers 1222. Board of Governors of the Federal Reserve System (U.S.).
  • Datta, Deepa, Juan M. Londono, Bo Sun, Daniel Beltran, Thiago Ferreira, Matteo Iacoviello, Mohammad R. Jahan-Parvar, Canlin Li, Marius Rodriguez, and John Rogers (2017). "Taxonomy of Global Risk, Uncertainty, and Volatility Measures," International Finance Discussion Papers 1216. Board of Governors of the Federal Reserve System (U.S.).
  • Guerrieri, Luca, and Matteo Iacoviello (2017). "Collateral Constraints and Macroeconomic Asymmetries," Journal of Monetary Economics, vol. 90, pp. 28-49.
  • De Michelis, Andrea, and Matteo Iacoviello (2016). "Raising an Inflation Target: The Japanese Experience with Abenomics," European Economic Review, vol. 88, pp. 67-87.
  • Guerrieri, Luca, and Matteo Iacoviello (2015). "OccBin: A Toolkit for Solving Dynamic Models with Occasionally Binding Constraints Easily," Journal of Monetary Economics, vol. 70, pp. 22-38.
  • Iacoviello, Matteo (2015). "Financial Business Cycles," Review of Economic Dynamics, vol. 18, no. 1, pp. 140-163.
  • Iacoviello, Matteo (2014). "Macroeconomics of Housing," in Wachter, Susan, Man Cho, Moon Joong Tcha, eds., The Global Financial Crisis and Housing: A New Policy Paradigm. KDI Series in Economic Policy and Development. Cheltenham, U.K. and Northampton, Mass.: Elgar; Korea Development Institute: Sejong, pp. 21-39.
  • Iacoviello, Matteo, and Marina Pavan (2013). "Housing and Debt Over the Life Cycle and Over the Business Cycle," Journal of Monetary Economics, vol. 60, no. 2, pp. 221-238.
  • Guerrieri, Luca, Matteo Iacoviello, and Raoul Minetti (2012). "Banks, Sovereign Debt and the International Transmission of Business Cycles," in NBER International Seminar on Macroeconomics 2012. University of Chicago Press.
  • Iacoviello, Matteo, Fabio Schiantarelli, and Scott Schuh (2011). "Input and Output Inventories in General Equilibrium," International Economic Review, vol. 52, no. 4, pp. 1179-1213.
  • Iacoviello, Matteo (2010). "Housing in DSGE Models: Findings and New Directions," in de Bandt, Olivier, Thomas Knetsch, Juan Penalosa, and Francesco Zollino eds., Housing Markets in Europe: A Macroeconomic Perspective. New York and Heidelberg: Springer, pp. 3-16.
  • Iacoviello, Matteo (2011). "Housing Wealth and Consumption," International Finance Discussion Papers 1027. Board of Governors of the Federal Reserve System (U.S.).
  • Iacoviello, Matteo, and Stefano Neri (2010 ). "Housing Market Spillovers: Evidence from an Estimated DSGE Model," American Economic Journal: Macroeconomics, vol. 2, no. 2, pp. 125-164.
  • Iacoviello, Matteo (2008). "Household Debt and Income Inequality, 1963-2003," Journal of Money, Credit, and Banking, vol. 40, no. 5, pp. 929-965.
  • Iacoviello, Matteo, and Raoul Minetti (2008). "The Credit Channel of Monetary Policy: Evidence from the Housing Market," Journal of Macroeconomics, vol. 30, no. 1, pp. 69-96.
  • Iacoviello, Matteo, and Marina Pavan (2007). "An Equilibrium Model of Lumpy Housing Investment," Rivista di Politica Economica, vol. 97, no. 3-4, pp. 15-44.
  • Iacoviello, Matteo, and Raoul Minetti (2006). "International Business Cycles with Domestic and Foreign Lenders," Journal of Monetary Economics, vol. 53, no. 8, pp. 2267-2282.
  • Iacoviello, Matteo (2005). "House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle," American Economic Review, vol. 95, no. 3, pp. 739-764.
  • Iacoviello, Matteo (2004). "Consumption, House Prices, and Collateral Constraints: A Structural Econometric Analysis," Journal of Housing Economics, vol. 13, no. 4, pp. 304-320.
  • Iacoviello, Matteo, and Francois Ortalo-Magne (2003). "Hedging Housing Risk in London," Journal of Real Estate Finance and Economics, vol. 27, no. 2, pp. 191-209.
  • Iacoviello, Matteo, and Raoul Minetti (2003). "Financial Liberalization and the Sensitivity of House Prices to Monetary Policy: Theory and Evidence," Manchester School, vol. 71, no. 1, pp. 20-34.
  • Iacoviello, Matteo (2002). "House Prices and Business Cycles in Europe: A VAR Analysis," Boston College Working Papers in Economics 540. Boston College Department of Economics.
  • seminar

    November 2017

    DIW Berlin

    Measuring Geopolitical Risk

  • conference

    July 2014

    NBER

    Occbin: A Toolkit To Solve Models with Occasionally Binding Constraints Easily

  • conference

    July 2013

    NBER Summer Institute

    Collateral Constraints and Macroeconomic Asymmetries

  • conference

    November 2012

    LACEA/LAMES Meetings, Lima (invited speaker)

    Financial Business Cycles

  • conference

    December 2011

    Korean Development Institute (invited speaker)

    Housing and the Macroeconomy

  • seminar

    June 2011

    European Summer Symposium on International Macroeconomics

    Financial Business Cycles

  • seminar

    November 2010

    Federal Reserve Bank of Minneapolis

    Housing and Debt over the Life Cycle and over the Business Cycle

  • conference

    December 2009

    Banque de France (keynote speaker)

    Housing Markets and the Macroeconomy

  • conference

    October 2009

    Central Bank of Netherlands (keynote speaker)

    Housing and Debt over the Life Cycle and over the Business Cycle

  • conference

    October 2008

    National Bank of Belgium Conference

    Housing Market Spillovers: Evidence from an Estimated DSGE Model

  • conference

    July 2009

    NBER

    Housing and Debt over the Life Cycle and over the Business Cycle

Editor
  • Associate Editor, Review of Economic Dynamics, 2014 to present
  • Associate Editor, Journal of Money, Credit, and Banking, 2010 to present
  • Program Committee Member, European Economic Association Meetings, 2007 to 2013
Referee
  • American Economic Journal: Macroeconomics
  • American Economic Review
  • The B.E. Journals in Macroeconomics
  • Computational Economics
  • Econometrica
  • Economic Journal
  • Economics Letters
  • International Economic Review
  • International Finance
  • International Journal of Central Banking
  • Journal of Banking and Finance
  • Journal of Economic Dynamics and Control
  • Journal of the European Economic Association
  • Journal of Housing Economics
  • Journal of Macroeconomics
  • Journal of Money, Credit, and Banking
  • Journal of Monetary Economics
  • Journal of Political Economy
  • Macroeconomic Dynamics
  • Quarterly Journal of Economics
  • Regional Science and Urban Economics
  • Review of Economic Dynamics
  • Review of Economics and Statistics
  • Review of Economic Studies
Last update: September 14, 2020