Francesco Furlanetto 🇺🇦
@francescofurla8
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Principal researcher at Norges Bank. The views are my own.
Oslo
Joined October 2020
Very interesting paper on the empirical relevance of positive hysteresis, a question that has been in my mind for a while!
🚨 NEW WP “Are Hysteresis Effects Nonlinear?” w/@OmarCarnevale1 Are demand contractions the only source of persistence, or can expansions also generate lasting gains? Main result: hysteresis is not only negative. Positive shocks can matter too https://t.co/637lQ9bPvS (1/10)
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How can we leverage existing results that use cross-sectional identification to estimate aggregate effects? Felipe Schwartzman (@MacroInPieces), Naoya Nagasaka, and I address this problem in our new paper “Estimating the Missing Intercept”. https://t.co/nNbkMesAYu
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The one and only Norges Bank PhD internship is back: Come to Oslo to write a paper with us! Deadline for application: November 2. Several papers have reached R&R and WP status over the last year.
norges-bank.no
Norges Bank’s PhD internship program is directed toward PhD-students who are specializing within macroeconomics, econometrics, banking or finance. Internships…
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🚨 Exciting news🚨 Our paper “Robot Adoption and Inflation Dynamics” (with Henrique Basso) 🤖💸 👉 Accepted at the Journal of Monetary Economics 🎉 👉 Out as a Banco de España Working Paper 📄 Here’s what we do — explained in a thread 👇
Do robots matter for inflation? This new paper shows that automation flattens the Phillips Curve by reducing workers’ effective bargaining power: wages respond less to unemployment when firms can switch to robots. @OmarRachedi1
https://t.co/uIyPtLrBHn
#bdeResearch
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The @NorgesBank conference joint with @bundesbank and @nationalbanken was the highlight of my week. Check the program! https://t.co/HmfUl7X1cT
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VoxEU column with @DomenicoGiannon Summary: Real-time GDP releases understated the strength of the post-pandemic recovery in both the EA and the US, masking demand pressures. https://t.co/QDsa3XSEDg Key chart with real-time predictions of GDP and inflation, and revised data:
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“Monetary Policy after the Inflation Surge” on Monday at @NorgesBank jointly organized with @bundesbank and @nationalbanken 🇳🇴🇩🇪🇩🇰
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New at JIE: "Has globalization changed the international transmission of U.S. monetary policy?" by Maximilian Boeck (@maxiboeck), Lorenzo Mori (@dSEA_Unipd) https://t.co/fpIcmu2X9V
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After a nice week in Seoul for the World Congress of the Econometric Society, it is time to go back to Oslo!
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Forthcoming in AEJ: Macroeconomics: "What Drives the Recent Surge in Inflation? The Historical Decomposition Roller Coaster" by Drago Bergholt, Fabio Canova, Francesco Furlanetto, Nicolò Maffei-Faccioli, and Pål Ulvedal.
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👇
Welcome to our newest Bloomberg Distinguished Professor, internationally recognized economist @DomenicoGiannon, who joins @JohnsHopkins as the Bloomberg Distinguished Professor of Economics and Statistics. https://t.co/902w3RY34i
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A great data source. The ECB Area-Wide Model Database was discontinued for a some time. EABCN took the job over. Let your macroeconomist friends know that the updated data (and, as a bonus, measures of output gap) are here: https://t.co/WtpYjyUmpD
eabcn.org
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Another PhD internship project that reaches the WP status!👇
New WP! #econtwitter We establish five facts about how households, firms, social partners (employer organizations and trade unions) and economists form inflation expectations, using data from a harmonized quarterly survey in Norway over 2002–2024. Link:
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👇 excellent presentation!
Great experience presenting my paper "Are Hysteresis Effects Nonlinear?" (w/ @OmarCarnevale1 ) at #IAAE2025 in Turin. Happy to receive an Honorable Mention from the committee, and to be part of a session with a great lineup of papers. 👇
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Happy to have contributed with @LepetitAntoine with a chapter on “The slope of the Phillips curve” ✍️
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The sacrifice and courage of many young Ukrainians to defended freedom in face of aggression reminds Europe of the true value of the peace we enjoy
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Congratulations Doctor Mori! @DBergholt and I are proud of you!
Yesterday, Lorenzo Mori successfully defended his PhD thesis "Essays on Empirical Macroeconomics" (Supervisor @EfremCastel) at #dSEA @UniPadova! He'll soon join the Economic Outlook & Monetary Policy Directorate @bancaditalia. Congrats & best wishes! 🔗 https://t.co/HHiIy3mxBx
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Thanks a lot to @SIdE_IEA for hosting the ICEEE 2025 in beautiful Palermo and for awarding me with the LABOUR Prize for the best conference paper written by young scientists in Theoretical or Applied Microeconometrics! Had a great time in Sicily ☀️
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Fed communication for all – but understood by few @EleGranziera @NorgesBank, Vegard H. Larsen @HandelshoyskBI, @GretaMeggiorini @AucklandUni, @LeonardoMelosi @EUI_EU @EUI_ECO
https://t.co/iPknsFEpkx
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