Meet the Economists
Michele Modugno
michele.modugno@frb.gov
Education
- Ph.D., Economics, Universite' libre de Bruxelles, 2011
- Macroeconomic news and asset prices
Principal Economist
Board of Governors of the Federal Reserve System
2016 - presentSenior Economist
Board of Governors of the Federal Reserve System
2015 - 2016Economist
Board of Governors of the Federal Reserve System
2013 - 2015Chief Economist
Now-Casting Economics Limited
2011 - 2013Postdoctoral researcher
Universite' libre de Bruxelles
2011 - 2013Economist
European Central Bank
2007 - 2011
- Altavilla, Carlo, Domenico Giannone, and Michele Modugno (forthcoming). "Low Frequency Effects of Macroeconomic News on Government Bond Yields," Journal of Monetary Economics.
- Altavilla, Carlo, Domenico Giannone, and Michele Modugno (2014). "Low Frequency Effects of Macroeconomic News on Government Bond Yields," Finance and Economics Discussion Series 2014-052. Board of Governors of the Federal Reserve System (U.S.).
- Aikman, David, Andreas Lehnert, Nellie Liang, and Michele Modugno (2016). "Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy," Finance and Economics Discussion Series 2016-055. Board of Governors of the Federal Reserve System (U.S.).
- Bragoli, Daniela, and Michele Modugno (2017). "A Now-Casting Model for Canada: Do U.S. Variables Matter?" International Journal of Forecasting, vol. 33, no. 4, pp. 786–800.
- Bragoli, Daniela, and Michele Modugno (2016). "A Nowcasting Model for Canada: Do U.S. Variables Matter?" Finance and Economics Discussion Series 2016-036. Board of Governors of the Federal Reserve System (U.S.).
- D'Agostino, Antonello, Michele Modugno, and Chiara Osbat (forthcoming). "A Global Trade Model for the Euro Area," International Journal of Central Banking.
- D'Agostino, Antonello, Michele Modugno, and Chiara Osbat (2015). "A Global Trade Model for the Euro Area," Finance and Economics Discussion Series 2015-013. Board of Governors of the Federal Reserve System (U.S.).
- Modugno, Michele, Baris Soybilgen, and Ege Yazgan (2016). "Nowcasting Turkish GDP and News Decomposition," International Journal of Forecasting, vol. 32, no. 4, pp. 1369-1384.
- Modugno, Michele, Baris Soybilgen, and Ege Yazgan (2016). "Nowcasting Turkish GDP and News Decomposition," Finance and Economics Discussion Series 2016-044. Board of Governors of the Federal Reserve System (U.S.).
- D'Agostino, Antonello, Domenico Giannone , Michele Lenza, and Michele Modugno (2016). "Nowcasting Business Cycles: A Bayesian Approach to Dynamic Heterogeneous Factor Models," in Eric Hillebrand , Siem Jan Koopman (ed.) Dynamic Factor Models (Advances in Econometrics, Volume 35) Emerald Group Publishing Limited, pp. 569 - 594.
- D'Agostino, Antonello, Domenico Giannone, Michele Lenza, and Michele Modugno (2015). "Nowcasting Business Cycles: A Bayesian Approach to Dynamic Heterogeneous Factor Models," Finance and Economics Discussion Series 2015-066. Board of Governors of the Federal Reserve System (U.S.).
- Coroneo, Laura, Domenico Giannone, and Michele Modugno (2016). "Unspanned Macroeconomic Factors in the Yield Curve," Journal of Business & Economic Statistics, vol. 34, no. 3, pp. 472-485.
- Coroneo, Laura, Domenico Giannone, and Michele Modugno (2014). "Unspanned Macroeconomic Factors in the Yield Curve," Finance and Economics Discussion Series 2014-57. Board of Governors of the Federal Reserve System (U.S.).
- Banbura, Marta, and Michele Modugno (2014). "Maximum Likelihood Estimation of Factor Models on Data Sets with Arbitrary Pattern of Missing Data," Journal of Applied Econometrics, vol. 29, no. 1, pp. 133-160.
- Banbura, Marta, and Michele Modugno (2010). "Maximum Likelihood Estimation of Factor Models on Data Sets with Arbitrary Pattern of Missing Data," Working Paper Series 1189. European Central Bank.
- Bragoli, Daniela, Luca Metelli, and Michele Modugno (2015). "The Importance of Updating: Evidence from a Brazilian Nowcasting Model," Journal of Business Cycle Measurement and Analysis, vol. 2015, no. 1, pp. 5-22.
- Bragoli, Daniela, Luca Metelli, and Michele Modugno (2014). "The Importance of Updating: Evidence from a Brazilian Nowcasting Model," Finance and Economics Discussion Series 2014-94. Board of Governors of the Federal Reserve System (U.S.).
- Banbura, Marta, Domenico Giannone, Michele Modugno, and Lucrezia Reichlin (2013). "Now-Casting and the Real-Time Data Flow," in Elliott, Graham, Allan Timmermann eds., Handbook of Economic Forecasting, Vol. 2. North Holland: Elsevier, pp. 195-237.
- Banbura, Marta, Domenico Giannone, Michele Modugno, and Lucrezia Reichlin (2013). "Now-Casting and the Real-Time Data Flow," Working Paper Series 1564. European Central Bank.
- Modugno, Michele (2013). "Now-Casting Inflation using High Frequency Data," International Journal of Forecasting, vol. 29, no. 4, pp. 664-675.
- Modugno, Michele (2011). "Nowcasting Inflation using High Frequency Data," Working Paper Series 1324. European Central Bank.
- Giannone, Domenico, Jerome Henry, Magdalena Lalik, and Michele Modugno (2012). "An Area-Wide Real-Time Database for the Euro Area," Review of Economics and Statistics, vol. 94, no. 4, pp. 1000-1013.
- Giannone, Domenico, Jerome Henry, Magdalena Lalik, and Michele Modugno (2010). "An Area-Wide Real-Time Database for the Euro Area," Working Paper Series 1145. European Central Bank.
- Modugno, Michele, and Kleopatra Nikolaou (2009). "The Forecasting Power of International Yield Curve Linkages," Working Paper Series 1044. European Central Bank.
- D'Agostino, Antonello, Michele Modugno, and Chiara Osbat (2016). "A Global Trade Model for the Euro Area," Working Paper Series 1986. European Central Bank.
seminar
June 2017Otaru University of Commerce/Otaru
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
May 2017University of Tokyo/Tokyo
Credit, Financial Conditions, and Monetary Policy Transmission
seminar
May 2017Keio University/Tokyo
Credit, Financial Conditions, and Monetary Policy Transmission
conference
November 2016System Committee Meeting on Financial Structure and Regulation/San Francisco
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
conference
June 2016IAAE2016/Milan
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
conference
June 2016ISF2016/Santander
A Nowcasting Model for Canada: Do U.S. Variables Matter?
seminar
June 2014Bank of England/London
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
conference
May 2016System Macro Meeting/Nashville
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
conference
May 2016System Macro Meeting/Nashville
A Nowcasting Model for Canada: Do U.S. Variables Matter?
seminar
April 2016Norges Bank/Oslo
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
conference
April 2016First annual ECB Macroprudential Policy and Research Conference/Frankfurt
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy
seminar
October 2015University of Padova
Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models
seminar
October 2015University College of London
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
October 2015LUISS University/Rome
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
October 2015Queen Mary University of London
Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models
conference
August 20152015 World Congress of the Econometric Society/Montreal
Unspanned Macroeconomic factors in the Yield Curve
conference
June 2015ISF2015/Riverside
Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models
conference
June 2015ISF2015/Riverside
Nowcasting China
seminar
June 2015Joint Research Centre (JRC)/Ispra
Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models
seminar
June 2015Banque de France/Paris
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
June 2015Bank of Finland/Helsinki
Low Frequency Effects of Macroeconomic News on Government Bond Yields
conference
May 20158th Nordic Econometric Meeting/Helsinki
Unspanned Macroeconomic factors in the Yield Curve
conference
December 20148th International Conference on Computational and Financial Econometrics/Pisa
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
December 2014Bocconi University/Milan
Low Frequency Effects of Macroeconomic News on Government Bond Yields
conference
May 2014Macroeconomics & Econometrics conference, University of Birmingham
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
May 2014University of York
Low Frequency Effects of Macroeconomic News on Government Bond Yields
seminar
May 2014Universite' libre de Bruxelles
Low Frequency Effects of Macroeconomic News on Government Bond Yields
conference
April 201422nd Symposium of the Society for Nonlinear Dynamics and Econometrics/New York
Low Frequency Effects of Macroeconomic News on Government Bond Yields
Conference Organization
1 September 2014 | Istanbul
Advances in Applied Macro-Finance and Forecasting
Organizer
Referee
- American Economic Journal: Macroeconomics
- Economic Journal
- Economic Letters
- Economic Modelling
- Empirical Economics
- International Journal of Forecasting
- Journal of Applied Econometrics
- Journal of Business & Economic Statistics
- Journal of Forecasting
- Journal of Money, Credit and Banking
- Oxford Bulletin of Economics and Statistics