Research Staff(alphabetical)

Disclaimer. The Curriculum Vitae in this page, and any links from this page to websites outside of the www.bde.es domain, are the sole responsibility of Alessandro Galesi. The Banco de España is not responsible for their content.
Alessandro Galesi
currently on leave
Monetary Policy and Capital Markets Division
Macro-financial Analysis and Monetary Policy Department
DG Economics, Statistics and Research
Contact Information
- Address: Calle Alcalá 48, 28014 Madrid, España
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Contact form
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Personal web-page:
http://alessandrogalesi.wix.com/home
Fields of Interest
- Econometric Modeling
- Macroeconomics
- Monetary Policy
JEL Codes
E32, E37, R30, C53, C54
Curriculum Vitae
Selected Publications and Working Papers
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“The Rise and Fall of the Natural Interest Rate”
(3 MB)
Gabriele Fiorentini, Alessandro Galesi, Gabriel Pérez-Quirós and Enrique Sentana
Banco de España, Working Paper no. 1822
JEL codes: E43, E52, C32
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“Services Deepening and the Transmission of Monetary Policy”
Alessandro Galesi and Omar Rachedi
Journal of the European Economic Association, November 2018
JEL codes: E31, O41, E52, E43
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“Uncovering the Heterogeneous Effects of ECB Unconventional Monetary Policies across Euro Area Countries”
Pablo Burriel and Alessandro Galesi
European Economic Review, Vol. 101, January 2018, pp. 210-229
JEL codes: C32, E52, E58
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“Fast ML estimation of dynamic bifactor models: an application to European inflation”
Gabriele Fiorentini, Alessandro Galesi and Enrique Sentana (2015-09)
Advances in Econometrics, 2016, pp- 215-282, Special issue on Dynamic Factor Models, S.J.
Koopman and E.T. Hillebrand (eds.)JEL codes: C32, C38, E37, F45
- Supplementary files: Banco de España Working Papers #1525
- Supplementary files: Banco de España Working Papers #1525
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“A spectral EM algorithm for dynamic factor models”
Gabriele Fiorentini, Alessandro Galesi and Enrique Sentana
Journal of Econometrics, Vol. 205, July 2018, pp. 249-279
JEL codes: C32, C38, C51
- Supplementary files: CEPR Discussion Paper #10417
- Supplementary files: CEPR Discussion Paper #10417
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“Can the productivity slowdown in construction explain US house prices?”
Alessandro Galesi (2014-11)
Mimeo
JEL codes: D24, L74, O18, O41
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“Job destruction without job creation: Structural transformation in the overborrowed America”
Alessandro Galesi and Claudio Michelacci (2014-11)
Mimeo
JEL codes: E32, E44, F16, F32, F41, G01
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“Make it in America? Business subsidies and employment in the Great Recession”
Alessandro Galesi, Claudio Michelacci and Vincenzo Quadrini (2014-11)
Mimeo
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“External shocks and international inflation linkages: A Global VAR analysis”
Alessandro Galesi and Marco J. Lombardi (2013-01)
The GVAR Handbook; Structure and applications of a macro model of the global economy for policy analysis - Edited by Filippo Mauro and M. Hashem Pesaran. Oxford University Press (2013).
JEL codes: C32, E31
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“Regional financial spillovers across Europe: a Global VAR analysis”
Alessandro Galesi and Silvia Sgherri (2013-01)
The GVAR Handbook; Structure and applications of a macro model of the global economy for policy analysis - Edited by Filippo Mauro and M. Hashem Pesaran. Oxford University Press (2013).
JEL codes: C32, E17, F47
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“Key elements of global inflation”
Robert Anderton, Alessandro Galesi, Marco Lombardi and Filippo di Mauro (2010-05)
Inflation in an era of relative price shocks. Edited by Fry R., C. Jones & C. Kent. Reserve Bank of Australia (2010)
JEL codes: E31, O52, F16