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
  • Inflation and Monetary Policy Spillovers
  • Senior Associate Director, International Finance Division

    Board of Governors of the Federal Reserve System

    2022 - present
  • Editor

    Review of Economic Dynamics

    2020 - present
  • Associate Editor

    Journal of Money, Credit and Banking

    2014 - present
  • Associate Director, International Finance Division

    Board of Governors of the Federal Reserve System

    2021
  • Deputy Associate Director, International Finance Division

    Board of Governors of the Federal Reserve System

    2019 - 2020
  • Assistant Director and Chief, Trade and Financial Studies Section

    Board of Governors of the Federal Reserve System

    2017 - 2018
  • Associate Editor

    Review of Economic Dynamics

    2014 - 2019
  • 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
  • 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 (with tenure)

    Boston College

    2009
  • Assistant Professor

    Boston College

    2002 - 2008
  • Visiting Scholar

    Federal Reserve Bank of Boston

    2008 - 2009
  • Consultant

    International Monetary Fund

    2008
  • Consultant

    Bank of Canada

    2007
  • Consultant

    European Central Bank

    2005 - 2006
  • The Effect of the War in Ukraine on Global Activity and Inflation
    Dario Caldara, Sarah Conlisk, Matteo Iacoviello, and Maddie Penn
    FEDS Notes (2022)
    https://doi.org/10.17016/2380-7172.3141
  • Measuring Geopolitical Risk
    Dario Caldara and Matteo Iacoviello
    American Economic Review (2022)
    https://doi.org/10.1257/aer.20191823
    See also » FRB Working Paper (2022)
  • What Did we Learn from 2 billion jabs? Early Cross-Country Evidence on the Effect of COVID-19 Vaccinations on Deaths, Mobility, and Economic Activity
    Giuseppe Fiori and Matteo Iacoviello
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2984
  • The Global Recovery: Lessons from the Past
    Dario Caldara, Matthew DeHaven, Francesco Ferrante, and Matteo Iacoviello
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2931
  • A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession
    Stuart Gabriel, Matteo Iacoviello, and Chandler Lutz
    Review of Financial Studies (2021)
    https://doi.org/10.1093/rfs/hhaa059
    See also » FRB Working Paper (2020)
  • Oil Prices and Consumption across Countries and U.S. States
    Andrea De Michelis, Thiago Ferreira, and Matteo Iacoviello
    International Journal of Central Banking (2020)
    See also » FRB Working Paper (2019)
  • The Economic Effects of Trade Policy Uncertainty
    Dario Caldara, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo
    Journal of Monetary Economics (2020)
    https://doi.org/10.1016/j.jmoneco.2019.11.002
    See also » FRB Working Paper (2019)
  • Does Trade Policy Uncertainty Affect Global Economic Activity?
    Dario Caldara, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo
    FEDS Notes (2019)
    https://doi.org/10.17016/2380-7172.2445
  • Likelihood Evaluation of Models with Occasionally Binding Constraints
    Pablo Cuba-Borda, Luca Guerrieri, Matteo Iacoviello, and Molin Zhong
    Journal of Applied Econometrics (2019)
    https://doi.org/10.1002/jae.2729
    See also » FRB Working Paper (2019)
  • Foreign Effects of Higher U.S. Interest Rates
    Matteo Iacoviello and Gaston Navarro
    Journal of International Money and Finance (2019)
    https://doi.org/10.1016/j.jimonfin.2018.06.012
    See also » FRB Working Paper (2018)
  • Macroeconomic Effects of Banking Sector Losses across Structural Models
    Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto, and Jae Sim
    International Journal of Central Banking (2019)
    See also » FRB Working Paper (2015)
  • Taxonomy of Global Risk, Uncertainty, and Volatility Measures
    Deepa Datta, Juan M. Londono, Bo Sun, Daniel Beltran, Thiago Ferreira, Matteo Iacoviello, Mohammad R. Jahan-Parvar, Canlin Li, Marius Rodriguez, and John Rogers
    International Finance Discussion Papers (2017)
    https://doi.org/10.17016/IFDP.2017.1216
  • Collateral Constraints and Macroeconomic Asymmetries
    Luca Guerrieri and Matteo Iacoviello
    Journal of Monetary Economics (2017)
    https://doi.org/10.1016/j.jmoneco.2017.06.004
    See also » FRB Working Paper (2013)
  • Raising an Inflation Target: The Japanese Experience with Abenomics
    Andrea De Michelis and Matteo Iacoviello
    European Economic Review (2016)
    https://doi.org/10.1016/j.euroecorev.2016.02.021
    See also » FRB Working Paper (2016)
  • OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily
    Luca Guerrieri and Matteo Iacoviello
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2014.08.005
    See also » FRB Working Paper (2014)
  • Financial Business Cycles
    Matteo Iacoviello
    Review of Economic Dynamics (2015)
    https://doi.org/10.1016/j.red.2014.09.003
    See also » FRB Working Paper (2014)
  • Macroeconomics of Housing
    Matteo Iacoviello
    Global Financial Crisis and Housing: A New Policy Paradigm (2014)
  • Housing and Debt Over the Life Cycle and over the Business Cycle
    Matteo Iacoviello and Marina Pavan
    Journal of Monetary Economics (2013)
    https://doi.org/10.1016/j.jmoneco.2012.10.020
    See also » FRB Working Paper (2011)
  • Banks, Sovereign Debt and the International Transmission of Business Cycles
    Luca Guerrieri, Matteo Iacoviello, and Raoul Minetti
    NBER International Seminar on Macroeconomics (2012)
    https://doi.org/10.1086/669586
    See also » FRB Working Paper (2012)
  • Input and Output Inventories in General Equilibrium
    Matteo Iacoviello, Fabio Schiantarelli, and Scott Schuh
    International Economic Review (2011)
    https://doi.org/10.1111/j.1468-2354.2011.00664.x
  • Housing Wealth and Consumption
    Matteo Iacoviello
    International Finance Discussion Papers (2011)
    https://doi.org/10.17016/IFDP.2011.1027
  • Housing in DSGE Models: Findings and New Directions
    Matteo Iacoviello
    Housing Markets in Europe: A Macroeconomic Perspective (2010)
    https://doi.org/10.1007/978-3-642-15340-2_1
  • Housing Market Spillovers: Evidence from an Estimated DSGE Model
    Matteo Iacoviello and Stefano Neri
    American Economic Journal: Macroeconomics (2010)
    https://doi.org/10.1257/mac.2.2.125
  • Household Debt and Income Inequality, 1963-2003
    Matteo Iacoviello
    Journal of Money, Credit and Banking (2008)
    https://doi.org/10.1111/j.1538-4616.2008.00142.x
  • The Credit Channel of Monetary Policy: Evidence from the Housing Market
    Matteo Iacoviello and Raoul Minetti
    Journal of Macroeconomics (2008)
    https://doi.org/10.1016/j.jmacro.2006.12.001
  • An Equilibrium Model of Lumpy Housing Investment
    Matteo Iacoviello and Marina Pavan
    Rivista di Politica Economica (2007)
  • International Business Cycles with Domestic and Foreign Lenders
    Matteo Iacoviello and Raoul Minetti
    Journal of Monetary Economics (2006)
    https://doi.org/10.1016/j.jmoneco.2005.07.024
  • House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle
    Matteo Iacoviello
    American Economic Review (2005)
    https://doi.org/10.1257/0002828054201477
  • Consumption, House Prices, and Collateral Constraints: A Structural Econometric Analysis
    Matteo Iacoviello
    Journal of Housing Economics (2004)
    https://doi.org/10.1016/j.jhe.2004.09.004
  • Hedging Housing Risk in London
    Matteo Iacoviello and Francois Ortalo-Magne
    Journal of Real Estate Finance and Economics (2003)
    https://doi.org/10.1023/A:1024776303998
  • Financial Liberalization and the Sensitivity of House Prices to Monetary Policy
    Matteo Iacoviello and Raoul Minetti
    Manchester School (2003)
    https://doi.org/10.1111/1467-9957.00332
  • House Prices and Business Cycles in Europe: a VAR Analysis
    Matteo Iacoviello
    Boston College Working Papers in Economics (2002)
  • seminar

    April 2022

    University of British Columbia

    The Inflationary Effects of Sectoral Reallocation

  • seminar

    April 2022

    Columbia University

    Measuring Geopolitical Risk

  • seminar

    November 2019

    NYU Stern

    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

Conference Organization
  • May 12-13, 2022 | Frankfurt/virtual

    International Research Forum on Monetary Policy

    Organizer

Editor
  • Editor, Review of Economic Dynamics, 2020 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
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Last Update: December 5, 2022