Carlo Altavilla

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

36

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6,166

SSRN CITATIONS
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in Total Papers Citations

535

CROSSREF CITATIONS

217

Scholarly Papers (36)

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

Swedish House of Finance Research Paper No. 19-11
Number of pages: 59 Posted: 30 Sep 2019 Last Revised: 12 Apr 2021
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 958 (27,854)
Citation 13

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monetary policy, negative rates, lending channel, corporate channel

Is there a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

ECB Working Paper No. 2289 (2019); ISBN 978-92-899-3551-7
Number of pages: 56 Posted: 11 Jun 2019
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 335 (106,756)
Citation 1

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monetary policy, negative rates, lending channel, corporate channel

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

CEPR Discussion Paper No. DP14050
Number of pages: 55 Posted: 17 Oct 2019 Last Revised: 06 May 2020
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and Central Bank of Ireland
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corporate channel, Lending Channel, monetary policy, negative rates

2.

Asset Purchase Programmes and Financial Markets: Lessons from the Euro Area

ECB Working Paper No. 1864
Number of pages: 54 Posted: 19 Jan 2016
Carlo Altavilla, Giacomo Carboni and Roberto Motto
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 662 (47,037)
Citation 11

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yield curve, quantitative easing, LSAP, APP, event study

3.

Assessing Monetary Rules Performance Across Emu Countries

Number of pages: 32 Posted: 23 Nov 2000
Carlo Altavilla
European Central Bank (ECB)
Downloads 542 (60,758)
Citation 1

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inflation targeting, monetary rule, ECB

4.

The Financial and Macroeconomic Effects of OMT Announcements

ECB Working Paper No. 1707
Number of pages: 25 Posted: 06 Aug 2014
Carlo Altavilla, Domenico Giannone and Michele Lenza
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 376 (94,365)
Citation 6

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Outright Monetary Transactions, event study, news, multi-country vector autoregressive model

5.
Downloads 357 (100,091)
Citation 25

Bank Exposures and Sovereign Stress Transmission

Review of Finance
Number of pages: 54 Posted: 06 Aug 2015 Last Revised: 13 Aug 2017
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 216 (167,814)
Citation 3

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sovereign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

CFS Working Paper, No. 539
Number of pages: 64 Posted: 08 Oct 2016 Last Revised: 02 Apr 2018
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 83 (354,795)
Citation 31

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overeign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

ECB Working Paper No. 1969
Number of pages: 66 Posted: 19 Oct 2016
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 58 (432,637)

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sovereign exposures, sovereign risk, credit risk, diabolic loop, euro debt crisis

6.

Forecasting and Combining Competing Models of Exchange Rate Determination

CESifo Working Paper Series No. 1747
Number of pages: 34 Posted: 14 Jul 2006
Carlo Altavilla and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)
Downloads 321 (112,636)

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non-linearity, exchange rate modelling, forecasting

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

ECB Working Paper No. 2349
Number of pages: 46 Posted: 04 Jan 2020
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and European Central Bank (ECB)
Downloads 234 (156,664)
Citation 1

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AnaCredit, banking, euro area crisis, monetary policy, supervision

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

CEPR Discussion Paper No. DP14288
Number of pages: 47 Posted: 14 Jan 2020
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and European Central Bank (ECB)
Downloads 0
Citation 4
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AnaCredit, Banking, euro area crisis, monetary policy, Supervision

8.

Monetary Policy and Bank Profitability in a Low Interest Rate Environment

ECB Working Paper No. 2105
Number of pages: 52 Posted: 13 Oct 2017
Carlo Altavilla, Miguel Boucinha and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 210 (172,737)
Citation 29

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bank profitability, monetary policy, lower bound, quantitative easing, negative rates

9.

Is There a Deflationary Bias in European Economic Policies?

Number of pages: 34 Posted: 18 Dec 2001
Carlo Altavilla and Ugo Marani
European Central Bank (ECB) and University of Naples Federico II - Department of Economics
Downloads 188 (191,174)

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Monetary and Fiscal Strategy, ECB, EMU

10.

A Tale of Two Decades: The Ecb's Monetary Policy at 20

ECB Working Paper No. 2346
Number of pages: 337 Posted: 08 Jan 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank (ECB) and Independent
Downloads 168 (210,820)
Citation 8

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financial crises, monetary policy, non-standard measures ECB, policy strategy

11.
Downloads 159 (220,864)
Citation 47

Measuring Euro Area Monetary Policy

CFS Working Paper, No. 624, 2019
Number of pages: 57 Posted: 18 Jun 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 65 (408,084)
Citation 7

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

ECB Working Paper No. 2281 (2019); ISBN 978-92-899-3543-2
Number of pages: 57 Posted: 20 May 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 64 (411,369)
Citation 1

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

CESifo Working Paper No. 7699
Number of pages: 56 Posted: 10 Jul 2019 Last Revised: 23 Jul 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 29 (568,405)

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

CEPR Discussion Paper No. DP13759
Number of pages: 44 Posted: 11 Jun 2019 Last Revised: 04 Oct 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 1 (792,858)
Citation 39
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Asymmetry, ECB policy surprise, Event-Study, intraday, Persistence

12.

Non-Linearities in the Relation between the Exchange Rate and its Fundamentals

CESifo Working Paper Series No. 1561
Number of pages: 39 Posted: 07 Nov 2005
Carlo Altavilla and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)
Downloads 159 (220,864)
Citation 1

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non-linearity, Markov-switching model, fundamentals

13.

Evaluating the Effects of Working Hours on Employment and Wages

University of Naples Parthenope Economics Working Paper No. 11-04
Number of pages: 27 Posted: 06 Dec 2004
Carlo Altavilla, Antonio Garofalo and Concetto Paolo Vinci
European Central Bank (ECB), University of Naples Federico II and University of Naples Federico II
Downloads 153 (228,033)

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Work-Sharing, VECM

14.

Inflation Forecasts, Monetary Policy and Unemployment Dynamics: Evidence from the Us and the Euro Area

ECB Working Paper No. 725
Number of pages: 39 Posted: 09 Feb 2007
Matteo Ciccarelli and Carlo Altavilla
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 151 (230,563)

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Inflation Forecasts, Unemployment, Model Uncertainty.

15.

Mending the Broken Link: Heterogeneous Bank Lending and Monetary Policy Pass-Through

ECB Working Paper No. 1978
Number of pages: 54 Posted: 03 Feb 2017
Carlo Altavilla, Fabio Canova and Matteo Ciccarelli
European Central Bank (ECB), BI Norwegian Business School and European Central Bank (ECB)
Downloads 114 (285,992)
Citation 17

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monetary policy pass-through, bank balance sheet characteristics

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

ECB Working Paper No. 20202465
Number of pages: 56 Posted: 11 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 110 (294,741)

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bank lending, COVID-19 crisis, monetary policy, prudential policy

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

CEPR Discussion Paper No. DP15298
Number of pages: 56 Posted: 22 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 0
Citation 2
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bank lending, COVID-19 crisis, monetary policy, Prudential policy

The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area

CESifo Working Paper Series No. 2575
Number of pages: 44 Posted: 11 Mar 2009
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 66 (404,740)

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monetary policy, model uncertainty, Bayesian model averaging, unemployment gap, Taylor rule

The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty: Evidence from the US and the Euro Area

ECB Working Paper No. 1089
Number of pages: 48 Posted: 09 Oct 2009
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 32 (550,676)

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monetary policy, model uncertainty, Bayesian model averaging, unemployment gap, Taylor rule

18.

Monetary Policy, Credit Institutions and the Bank Lending Channel in the Euro Area

ECB Occasional Paper No. 222 (2019); ISBN 978-92-899-3687-3
Number of pages: 47 Posted: 07 May 2019
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 97 (319,064)
Citation 3

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monetary policy, interest rates, banks, credit

19.

Low Frequency Effects of Macroeconomic News on Government Bond Yields

FEDS Working Paper No. 2014-52
Number of pages: 37 Posted: 10 Aug 2014
Carlo Altavilla, Domenico Giannone and Michele Modugno
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and Board of Governors of the Federal Reserve System
Downloads 93 (327,771)
Citation 8

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Macroeconomic announcements, treasury bond yields

20.

Information and Learning in Bertrand and Cournot Experimental Duopolies

University of Siena Economics Working Paper No. 406
Number of pages: 39 Posted: 20 Jan 2004
Carlo Altavilla, Luigi Luini and Patrizia Sbriglia
European Central Bank (ECB), University of Siena - Department of Economics and University of Naples Federico II
Downloads 87 (341,808)
Citation 1

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Cournot and Bertrand Experiments, learning

21.
Downloads 80 (359,216)
Citation 5

Anchoring the Yield Curve Using Survey Expectations

ECB Working Paper No. 1632
Number of pages: 31 Posted: 11 Feb 2014
Carlo Altavilla, Raffaella Giacomini and Giuseppe Ragusa
European Central Bank (ECB), University College London - Department of Economics and University of Pisa - Department of Economics and Management
Downloads 80 (362,769)

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term structure models; exponential tilting; blue chip analysts survey; forecast performance; monetary policy forward guidance; macroeconomic factors

Anchoring the Yield Curve Using Survey Expectations

CEPR Discussion Paper No. DP9738
Posted: 19 Nov 2013
Carlo Altavilla, Raffaella Giacomini and Giuseppe Ragusa
European Central Bank (ECB), University College London - Department of Economics and University of Pisa - Department of Economics and Management
Downloads 0
Citation 2
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blue chip analysts survey, exponential tilting, forecast performance, macroeconomic factors, monetary policy forward guidance, term structure models

22.

Interbank Rate Uncertainty and Bank Lending

ECB Working Paper No. 2311
Number of pages: 33 Posted: 23 Aug 2019
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and University of Chicago - Department of Economics
Downloads 69 (390,408)

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bank lending, interbank market, uncertainty

23.

The Effectiveness of Nonstandard Monetary Policy Measures: Evidence from Survey Data

FRB of NY Staff Report No. 752
Number of pages: 23 Posted: 10 Dec 2015 Last Revised: 30 Aug 2017
Domenico Giannone and Carlo Altavilla
Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 66 (399,651)
Citation 6

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Survey of Professional Forecasters, large-scale asset purchases, quantitative easing, Operation Twist, forward guidance, tapering

24.

Information Combination and Forecast (St)Ability Evidence from Vintages of Time-Series Data

ECB Working Paper No. 846
Number of pages: 73 Posted: 21 Dec 2007
Matteo Ciccarelli and Carlo Altavilla
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 62 (412,670)

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Real-time data, Forecast Combination, Data and Model Uncertainty

The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data

ECB Working Paper No. 1951
Number of pages: 25 Posted: 30 Aug 2016
Carlo Altavilla and Domenico Giannone
European Central Bank (ECB) and Centre for Economic Policy Research (CEPR)
Downloads 51 (459,463)

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survey of professional forecasters, large scale asset purchases, quantitative easing, operation twist, forward guidance, tapering

The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data

CEPR Discussion Paper No. DP10001
Number of pages: 28 Posted: 25 Sep 2014
Carlo Altavilla and Domenico Giannone
European Central Bank (ECB) and Centre for Economic Policy Research (CEPR)
Downloads 0
Citation 9
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Forward Guidance, Large Scale Asset Purchases, Operation Twist, Quantitative Easing, Survey of Professional Forecasters, Tapering

26.

Credit Supply and Demand in Unconventional Times

ECB Working Paper No. 2202
Number of pages: 37 Posted: 21 Nov 2018
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and University of Zurich - Department of Banking and Finance
Downloads 50 (455,687)
Citation 2

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credit demand and supply, bank lending survey, balance sheet strength, non-standard monetary policy

27.

Monetary Policy Analysis in Real-Time: Vintage Combination from a Real-Time Dataset

CESifo Working Paper Series No. 3372
Number of pages: 39 Posted: 19 Mar 2011
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 46 (471,891)

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monetary policy, Taylor rule, real-time data, great moderation, forecasting

Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers

ECB Working Paper No. 20202504
Number of pages: 61 Posted: 16 Dec 2020
Carlo Altavilla, Luc Laeven and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Catalan Institution of Research and Advanced Studies (ICREA)
Downloads 44 (489,753)

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Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers

CEPR Discussion Paper No. DP15539
Number of pages: 61 Posted: 23 Dec 2020
Carlo Altavilla, Luc Laeven and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
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29.

Unintended Effects of National-Based Active Labour Market Policies

IZA Discussion Paper No. 4045
Number of pages: 32 Posted: 08 Mar 2009
Carlo Altavilla and Floro E. Caroleo
European Central Bank (ECB) and University of Naples Federico II
Downloads 40 (498,059)

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Active Labour Market Policies, FAVAR

30.

Measuring the Cost of Equity of Euro Area Banks

ECB Occasional Paper No. 2021/254
Number of pages: 57 Posted: 05 Mar 2021
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 35 (521,634)

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31.

Evaluating the Dynamic Effects of Active Labour Policies in Italy

Labour, Vol. 20, No. 2, pp. 349-382, June 2006
Number of pages: 34 Posted: 02 Jun 2006
Carlo Altavilla and Floro E. Caroleo
European Central Bank (ECB) and University of Naples Federico II
Downloads 27 (565,053)
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32.

Do Emu Members Share the Same Business Cycle?

Number of pages: 28 Posted: 03 Dec 2004
Carlo Altavilla
European Central Bank (ECB)
Downloads 21 (603,748)
Citation 1
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33.
Downloads 3 (734,990)
Citation 66

Bank Exposures and Sovereign Stress Transmission

ESRB: Working Paper Series No. 2016/11
Number of pages: 65 Posted: 05 Nov 2020
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (778,733)

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sovereign exposures, sovereign risk, credit risk, diabolic loop, lending, euro debt crisis

Bank Exposures and Sovereign Stress Transmission

CEPR Discussion Paper No. DP11269
Number of pages: 58 Posted: 16 May 2016
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), University of Naples Federico II - Department of Economics and Statistics and University of Naples Federico II - Department of Economics and Statistics
Downloads 1 (792,858)
Citation 49
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credit risk, diabolic loop, euro debt crisis., lending, sovereign exposures, sovereign risk

34.

Mending the Broken Link: Heterogeneous Bank Lending and Monetary Policy Pass-Through

CEPR Discussion Paper No. DP11584
Number of pages: 54 Posted: 24 Oct 2016
Carlo Altavilla, Fabio Canova and Matteo Ciccarelli
European Central Bank (ECB), BI Norwegian Business School and European Central Bank (ECB)
Downloads 0 (775,401)
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European Banks, Heterogeneity, Monetary pass-through, VARs

35.

The Financial and Macroeconomic Effects of OMT Announcements

CEPR Discussion Paper No. DP10025
Number of pages: 26 Posted: 25 Sep 2014
Carlo Altavilla, Domenico Giannone and Michele Lenza
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 0 (775,401)
Citation 21
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event study, multi-country vector autoregressive model, news, Outright Monetary Transactions

36.

Non-Linear Dynamics of Real Wages Over the Business Cycle

Journal of Applied Economics, Vol. 14, No. 1, p. 8199, May 2011
Posted: 21 Jun 2011
Carlo Altavilla and Concetto Paolo Vinci
European Central Bank (ECB) and University of Naples Federico II

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business cycle, real wage dynamics