Renato Faccini

Deputy Head of Research
Fields of Interest: Macroeconomics, Business Cycle, Macro-Labor

Full Academic CV

Professional Experience
Deputy Head of Research, Danmarks Nationalbank, February 2021
Senior Research Economist, Danmarks Nationalbank, 2019 - 2021
Visiting Scholar, Department of Economics, University College London, 2018
Senior Lecturer, Queen Mary University, 2014 - 2020
Lecturer, Queen Mary University, 2011 - 2014
Economist, Structural Economic Analysis Division, Bank of England, 2008 - 2011

Ph.D., Economics, European University Institute, 2009
M.A., Economics, European University Institute, 2005
DEA, International Economics, HEI, 2004
B.A., Economics, LUISS University, 2002

Refereed Publications

'News Uncertainty in Brexit United Kingdom,' with E. Palombo, American Economic Review: Insigts, Vol. 3(2), pp. 149-164, (2021)

'Pigouvian Cycles', with L. Melosi, Forthcoming in American Economic Journal: Macroeconomics (2021)

'A New Predictor of Real Economic Activity: the S&P 500 Option implied Risk Aversion', with E. Konstantinidi, G. Skiadopoulos and S. Sarantopoulou-Chiourea, Management Science (2018)

'International Fiscal Spillovers', with H. Mumtaz and P. Surico, Journal of International Economics, Vol. 99, pp.31-45 (2016)

'Reassessing Labour Market Reforms: Temporary Contracts as a Screening Device', The Economic Journal, Vol. 124, Issue 575, pp.167-200 (2014)

'Wage Rigidities in an Estimated Dynamic, Stochastic, General Equilibrium Model of the UK Labour Market', with S. Millard and F. Zanetti, The Manchester School, Vol. 81, Issue S1, pp.66-99 (2013)

'Deep Habits and the Cyclical Behaviour of Equilibrium Unemployment and Vacancies', with F. Di Pace, Journal of Economic Dynamics and Control, Vol. 36(2), pp.183-200 (2012)

'Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks', with S. Ortigueira, Journal of Economics Dynamics and Control, Elsevier, Vol 34(8), pp. 1509-1527 (2010)

Working Papers / Work in Progress

'Dissecting Climate Risks: Are they Reflected in Stock Prices?' with Renato Faccini and George Skiadopoulos, Danmarks Nationalbank Working Paper No. 169, 2021

'Inclusive Full Employment,' with J. Faberman and L. Melosi

'Monetary and Fiscal Policies in Times of Large Debt: Union is Strength', with F. Bianchi and L. Melosi

'The Importance of Hiring Frictions in Business Cycles', with E. Yashiv, R&R at Quantitative Economics

'Income Risk, Asset Prices and Labor Market Cyclicality', with P. Rendahl

'Bad Jobs and Low Inflation', with L. Melosi

Other Work
'Changes in Output, Employment and Wages During Recessions in the United Kingdom', with C. Hackworth, Bank of England Quarterly Bulletin, Vol. 50(1), pp. 43-50 (2010)