Fabio Verona, Senior Research Economist, Research Unit

​ ​ ​ Address
Snellmaninaukio
00170 Helsinki
FINLAND
Telephone
010 831 2464 (national)
+358 10 831 2464 (international)​
 
Postal address
PO Box 160
FI – 00101 Helsinki
FINLAND
Fax
010 831 2294 (national)
+358 10 831 2294 (international)
 
Email
Firstname.Lastname@bof.fi
 

 Introduction

 

​Fabio Verona works as a Senior Research Economist at the Monetary Policy and Research Department, in the Research Unit. He is a macroeconomist with research interests in informational and financial frictions in the context of DSGE models.

He was a “Robert Solow” post-doc fellow at the Institute for Monetary and Financial Stability (IMFS, Goethe University Frankfurt) under the guidance of Professor Volker Wieland. After being a visiting PhD student at Columbia University for the academic year 2009–2010, he obtained his PhD in Economics from the University of Porto in May 2011.

In his dissertation he analyzed the role of distortions in investment financing in the transmission of monetary policy, as well as the role of information costs in shaping investment and business cycle dynamics.

 

 Publications

 
"Time-frequency characterization of the U.S. financial cycle”, Economics Letters, 144, July 2016, 75-79
 
“Investment dynamics with information costs”, Journal of Money, Credit, & Banking, 46(8), December 2014, 1627-1656
 
“Pervasive inattentiveness”, Economics Letters, 125(2), November 2014, 287-290
 
“Sticky information models in Dynare” (with Maik Wolters), Computational Economics, 43(3), March 2014, 357-370
 
“(Un)anticipated monetary policy in a DSGE model with a shadow banking system” (with Manuel M. F. Martins and Inês Drumond), International Journal of Central Banking, 9(3), September 2013, 73-117
 

 Research papers

 
“Credit-driven bubbles and the Q theory of investment”, work in progress
 
“Q for the long run, cash flow for the short(er) run”, work in progress
 
“Forecasting the equity risk premium with frequency-decomposed predictors” (with Gonçalo Faria), Bank of Finland Research Discussion Papers (forthcoming)
 
“Testing the Q theory of investment in the frequency domain” (with Juha Kilponen), Bank of Finland Research Discussion Papers (forthcoming)
 
“Forecasting stock market returns by summing the frequency-decomposed parts” (with Gonçalo Faria), Bank of Finland Research Discussion Papers 29/2016
 
“The Aino 2.0 model” (with Juha Kilponen, Seppo Orjasniemi and Antti Ripatti), Bank of Finland Research Discussion Papers 16/2016
 
“Financial shocks and optimal monetary policy rules” (with Manuel M. F. Martins and Inês Drumond), Bank of Finland Research Discussion Papers 21/2014
 
“Lumpy investment in sticky information general equilibrium”, Bank of Finland Research Discussion Papers 16/2013
 
“Notes on the implementation of the Christiano, Motto and Rostagno (2010) model in Dynare”