Fiorella De Fiore
Head of Monetary Policy
Economic Analysis
Fiorella.DeFiore@bis.org
Fiorella De Fiore is Head of Monetary Policy and Research Fellow of the Centre for Economic Policy Research. She previously held the position of Adviser in the Monetary Policy Research Division and in the Financial Research Division of the ECB. She holds a PhD in economics from the European University Institute and a MSc in economics from the London School of Economics. Her main research is in the field of monetary and financial economics, and focuses on macro-financial linkages and their implications for monetary policy. She has published in the Journal of Monetary Economics, the American Economic Journal: Macroeconomics, the Economic Journal, and the Journal of Money Credit and Banking, among others.
Fields of interest
- Macroeconomics
- Monetary policy
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" (Un)conventional policy and the effective lower bound" (with O Tristani), Journal of Economic Dynamics and Control, September 2019.
- " Credit subsidies" (with I Correia, P Teles and O Tristani), Journal of Monetary Economics, January 2019.
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" Corporate debt structure and the financial crisis" (with H Uhlig), Journal of Money, Credit and Banking, November 2015.
- " Optimal monetary policy in a model of the credit channel" (with O Tristani), The Economic Journal, August 2012.
- " Monetary policy and the financing of firms" (with P Teles and O Tristani), American Economic Journal: Macroeconomics, October 2011.
- " Corporate debt structure and the financial crisis" (with H Uhlig), Journal of Money, Credit and Banking, November 2015.
- " Money markets, collateral and monetary policy" (with M Hoerova and H Uhlig), European Central Bank, Working Paper Series, February 2019.
- " (Un)conventional policy and the effective lower bound" (with O Tristani), European Central Bank, Working Paper Series, October 2018.
- " The ECB's asset purchase programme: an early assessment" (with P Andrade, J Breckenfelder, P Karadi and O Tristani), European Central Bank, Working Paper Series, September 2016.
- " Bank finance versus bond finance" (with H Uhlig), Journal of Money, Credit and Banking, September 2011.
- " Credit and the natural rate of interest"(with O Tristani), European Central Bank, Working Paper Series, April 2008.
- " The optimal mix of taxes on money, consumption and income" (with P Teles), Journal of Monetary Economics, May 2003.
- " Openness and equilibrium determinacy under interest rate rules" (with Zheng Liu), European Central Bank, Working Paper Series, September 2002.
- " The optimal inflation tax when taxes are costly to collect" European Central Bank, Working Paper Series, November 2000.
- " Can indeterminacy explain the short-run non-neutrality of money?" European Central Bank, Working Paper Series, September 2000.