Damiano Sandri

Damiano Sandri

Adviser to the General Manager and Head of the General Manager's Office
General Manager's Office

Damiano's research focuses on macro-financial linkages, monetary policy and international finance and has been published in leading academic journals and policy outlets. Damiano is a CEPR Research Fellow. Prior to joining the BIS, he was a Deputy Division Chief in the Research Department of the International Monetary Fund and served as Associate Editor of the IMF Economic Review. Damiano holds a PhD in economics from Johns Hopkins University.

Fields of interest
  • Monetary policy
  • International finance

All BIS publications (17)

BIS Working Paper No 1119 4 Sep 2023
Keep calm and bank on: panic-driven bank runs and the role of public communication
Using a survey with information treatments conducted in the aftermath of SVB's collapse, we study households' perspectives on…
By
Damiano Sandri
,
Francesco Grigoli
,
Yuriy Gorodnichenko
and
Olivier Coibion
BIS Working Paper No 1097 3 May 2023
Dampening global financial shocks: can macroprudential regulation help (more than capital controls)?
We show that macroprudential regulation significantly dampens the impact of global financial shocks on emerging markets…
By
Katharina Bergant
,
Francesco Grigoli
,
Niels-Jakob Hansen
and
Damiano Sandri
BIS Working Paper No 1082 13 Mar 2023
Public debt and household inflation expectations
We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household…
By
Francesco Grigoli
and
Damiano Sandri
BIS Working Paper No 1069 25 Jan 2023
Global financial cycle and liquidity management
We use a tractable model to show that emerging markets can protect themselves from the global financial cycle by expanding …
By
Olivier Jeanne
and
Damiano Sandri
BIS Working Paper No 1064 13 Jan 2023
Monetary policy and credit card spending
We analyze the impact of monetary policy on consumer spending using confidential credit card data. Being available at daily…
By
Francesco Grigoli
and
Damiano Sandri
BIS Working Paper No 1059 15 Dec 2022
FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability
We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX intervention…
By
Damiano Sandri
BIS Bulletin No 62
BIS Bulletin No 62 1 Nov 2022
Global exchange rate adjustments: drivers, impacts and policy implications
A sequence of major shocks to the global economy has led to substantial exchange rate adjustments, notably a strengthening of…
By
Boris Hofmann
,
Aaron Mehrotra
and
Damiano Sandri
BIS Working Paper No 770 21 Feb 2019
The expansionary lower bound: contractionary monetary easing and the trilemma
We provide a theory of the limits to monetary policy independence in open economies arising from the interaction between…
By
Paolo Cavallino
and
Damiano Sandri

All external publications (30)

External publication 1 Jan 2022
Protecting Lives and Livelihoods with Early and Tight Lockdowns
By
Damiano Sandri
,
Francesco Grigoli
and
Francesca Caselli
External publication 22 Oct 2021
Mobility under the COVID-19 pandemic: asymmetric effects across gender and age
By
Damiano Sandri
,
Francesco Grigoli
,
Francesca Caselli
and
Antonio Spilimbergo
External publication 1 Jun 2020
Optimal Reserves in Financially Closed Economies
By
Olivier Jeanne
and
Damiano Sandri
External publication 1 Nov 2018
The expansionary lower bound: contractionary monetary easing and the trilemma
By
Paolo Cavallino
and
Damiano Sandri
External publication 1 Oct 2018
Unconventional monetary policies in the Euro area, Japan and the UK
By
Damiano Sandri
,
Pau Rabanal
and
Giovanni Dell'Ariccia
External publication 27 Aug 2018
Dealing with systemic sovereign debt crises: fiscal consolidation, bail-ins or bail-outs?
By
Damiano Sandri
External publication 1 Mar 2016
Capital controls or macroprudential regulation?
By
Anton Korinek
and
Damiano Sandri
External publication 12 Aug 2014
The eurozone crisis: how banks and sovereigns came to be joined at the hip
By
Damiano Sandri
and
Ashoka Mody
External publication 3 Jan 2014
Growth and capital flows with risky entrepreneurship
By
Damiano Sandri

All videos (1)

00:02:09
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Household expectations survey
Video 15 Sep 2025
Household expectations survey
Fiorella De Fiore and Damiano Sandri present the results of a novel international household survey covering 31 countries,…
By
Damiano Sandri
and
Fiorella De Fiore

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